<SEC-DOCUMENT>0001193125-23-136859.txt : 20230505
<SEC-HEADER>0001193125-23-136859.hdr.sgml : 20230505
<ACCEPTANCE-DATETIME>20230505133904
ACCESSION NUMBER:		0001193125-23-136859
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20230228
FILED AS OF DATE:		20230505
DATE AS OF CHANGE:		20230505
EFFECTIVENESS DATE:		20230505

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NUVEEN NEW YORK SELECT TAX -FREE INCOME PORTFOLIO
		CENTRAL INDEX KEY:			0000885731
		IRS NUMBER:				363828115
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		N-CSR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06624
		FILM NUMBER:		23892775

	BUSINESS ADDRESS:	
		STREET 1:		333 W WACKER DR
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		3129178200

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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NUVEEN INSURED NEW YORK SELECT TAX FREE INCOME PORTFOLIO
		DATE OF NAME CHANGE:	19920929
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>d494186dncsr.htm
<DESCRIPTION>NUVEEN NEW YORK SELECT TAX FREE INCOME PORTFOLIO
<TEXT>
<HTML><HEAD>
<TITLE>NUVEEN NEW YORK SELECT TAX FREE INCOME PORTFOLIO</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <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">


<TR>

<TD WIDTH="30%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="69%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">811-06624</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Nuveen New York Select <FONT STYLE="white-space:nowrap">Tax-Free</FONT> Income Portfolio </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>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="75%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="41%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<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) <FONT STYLE="white-space:nowrap">917-7700</FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="75%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<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;fiscal&nbsp;year&nbsp;end:&nbsp;&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>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="75%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<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">February&nbsp;28, 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 U.S.C. ss. 3507. </P>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<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;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">
<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:&quot;Times New Roman&quot;, Times, serif;font-size:840px;position:absolute;top:-77.72px;left:0px;white-space:nowrap">Closed-End
</div><div style="font-family:&quot;Times New Roman&quot;, Times, 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,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);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,[encoded data, 7352 characters])">
</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:&quot;Times New Roman&quot;, Times, serif;font-size:840px;position:absolute;top:-77.72px;left:0px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, 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,[encoded data, 4488 characters])">
</div> </div>
<div style="background-color:transparent;background-image:url(data:image/png;base64,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);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">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:900;position:absolute;top:-2.8px;left:896.38px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:900;position:absolute;top:-2.8px;left:1251.58px;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:&quot;Times New Roman&quot;, Times, serif;font-size:1400px;font-weight:bold;position:absolute;top:-129.54px;left:0px;white-space:nowrap">Annual
</div><div style="color:#dedfe1;font-family:&quot;Times New Roman&quot;, Times, 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,[encoded data, 7128 characters]);background-repeat:no-repeat;background-size:cover;height:384.74px;left:0px;position:absolute;top:0px;transform:translate(68.399px,236.895px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

 <div style="width:10051.2px;height:7632px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.14px) 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:362.73px;left:0px;white-space:nowrap">NAN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:363.02px;left:720px;white-space:nowrap">Nuveen
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:363.02px;left:1421.56px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:363.02px;left:1866.88px;letter-spacing:-2.56px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:363.02px;left:2287.68px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:363.02px;left:2940.9px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:363.02px;left:3834.94px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:363.02px;left:4515.8px;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:772.68px;left:0px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:772.97px;left:720px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:772.97px;left:1421.56px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:772.97px;left:1866.88px;letter-spacing:-2.56px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:772.97px;left:2287.68px;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:772.97px;left:3156.33px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:772.97px;left:3809.55px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:772.97px;left:4703.59px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:772.97px;left:5384.45px;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:1182.63px;left:0px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1182.92px;left:720px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1182.92px;left:1421.56px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1182.92px;left:1866.88px;letter-spacing:-2.56px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1182.92px;left:2287.68px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1182.92px;left:3181.72px;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:1182.92px;left:3702.13px;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:1592.58px;left:0px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1592.88px;left:720px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1592.88px;left:1421.56px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1592.88px;left:1866.88px;letter-spacing:-2.56px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1592.88px;left:2287.68px;white-space:nowrap">Select
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1592.88px;left:2856.91px;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:1592.88px;left:3616.58px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1592.88px;left:4297.44px;letter-spacing:-0.59px;white-space:nowrap">Portfolio</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="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:contain;height:28.80px;left:0px;overflow:hidden;position:absolute;top:0px;transform:translate(412.560px,718.560px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:122.40px">

 <div style="height:29px;left:0px;overflow:hidden;position:absolute;top:0px;width:122px">
<div style="height:29.32px;left:0px;position:absolute;top:0px;transform:translate(1.119px,-0.259px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:120.16px">
<div style="background-color:transparent;height:15.32px;left:0px;position:absolute;top:0px;transform:translate(0.751px,0.028px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:20.05px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:15.55px;left:0px;position:absolute;top:0px;transform:translate(22.493px,0.255px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:20.24px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:15.05px;left:0px;position:absolute;top:0px;transform:translate(43.606px,0.435px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:18.42px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:15.83px;left:0px;position:absolute;top:0px;transform:translate(63.458px,0.000px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:15.96px">
<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEMAAABCCAYAAAAMlmvWAAAACXBIWXMAAC4jAAAuIwF4pT92AAAEH0lEQVR4Xu2c4XGjSBCFv1Ht/yUDE4IyWDI4h0AICkEhOIPTZqDNAGegDI7LAEfQ92OAHWGgG5jRifK+qleWrKa757npGdBgJyKkhnOuAI4t85Yv00fc4b39eQNq4CYi1aT1BrgUYjjncuAVKIC/5mw34B24AlcRqRVbG0QkGvECXAF5MK/Aq5afRtXAQqDEl7CWdGrWbBBFNVBEeOU5RBiyAnIt/yFX9Yy2J7yxrR/8wid9C35X4Kvs5bP5YnwAJxG5aIY9NLUmqqFB/+tM8QYclRgngx8rL9qY+riawSDJN0Pw2cSATIvTxioN/qw0CaIatIll7UC0oHO8YRQiiHs2+LVSFcSSUNYORAs2x4YVDa2NXRv8WzkriCWhGOuGsxZnJv7Z4H8JJ6deLZGLwbnGhoWnxyCH3BBjCSfzmUuiNDi28KINWCPbT1NTTlPBc7ZNnyFXrwiDfM6GOEuZW8WoDM4sbLSBWohf22ixlvKiikHcBU+lDdRC/KW/FmsN73rHgQDOuQxfkrFQaQYWiEi4ZI+J1/DNnRj4qvhOPKQaRCzciRGWYka8ptlx9hpkCYnXx0Le9bSwMkriVkXK8o6F7865Y/cmFOM0YvwVUHQvDgCtOi9T1ivxTlzUmsFK5N2LrjLKUbPnQq0ZrMSn0+S+q35RHNpbeLFPkT2hr4xvBA0kMnLnXKUZTeCHZhAR/Qz6jUCZyHhhZxV3IJ0Yu8OBYGr56nD4ZemXhog48D0jFf4l3dogCVKKcRWRXS3xh5fwMbG7xpxSjN3hjxgB/ogRIOXU+iEimWb0TDjgp8AUiHrX7BE4kHAtEN5S2wMOpL2DnWsGz4SklcHO1hqpK6PQDJ4JTkRwzqWaUfqLoD2gW2f8mrXaAOfcbu6vdmJUc0YbsRsxutMkB/5RbNfiA78XotEMH4W2WutP3/gl/i6z41n7LvVRxM9wTcvT3WeBUWkY1Fo2bNjXFYuM71y8drkNjWvDwNbyrCWbmkzvXGyAYmhcGga1hdG2KCwl+s7F09hBtWFQa3njfzhd0IWoRISxAwvDoLbwoiUfk+hCNLQ7/6YcvBkGtYV900pF/EXisFmOsd+aOeVorOvG5o1EPQT7YyDnu+NmHHbzseZwK9+IVCX4apiaMYa8fDpecV4YnMbihZW7ifGVcDHE6GON+VEfy3LOlcDfs0bx8U7wHOvI5xm/n5MtWHaL8aeIlKOfaKoHyj/ilEnN0Yrox6kJEQhyJO0aJDVLdYyawUCQDHuDehbWGGct1WBClL2cNotmKtVgRpAMv+n+GUWpWPNMnGagkecSpQIKLedkYtw581e9lSHpmGzwa4xcy0+jus5Yg/Y2YsHvfxuxZB1gwQde9Ct+U0wzb25DEjGGaMU5Bsyw/0ORbjtUtwirJNHTCv8BeLMTHo/JFSIAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:15.83px;left:0px;position:absolute;top:0px;transform:translate(81.984px,0.000px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:15.96px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:15.32px;left:0px;position:absolute;top:0px;transform:translate(100.106px,0.028px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:20.05px">
<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFQAAABACAYAAACELFBMAAAACXBIWXMAAC4jAAAuIwF4pT92AAADCElEQVR4Xu2c3VHjQBAGe0kAZYAyOGeAQ3AG5xAIQSFABiYDLgOFYCI4kYEdwfCwcpXRyZrVMmsdrumqecB80o7a+kPUKogI1ySEUAErEWm17BQhhBWw7qsCHqfywDvQAS3Qish+Mp1JSBXab0A1+Hg9+Lnu65xLG/oqItsLvxslhLABTnWvxDU+gB2wE5FuOppOABpgKKsCfo0tYImIBC0DEELYEvt8mE5m8wI0InLQginIUiUiTBXxCOi09RhVRzwVTfakFQkDFSulsWdt+UK11aT9KKHE081eW7ZwZUslYeXFaqSZFXDQlrtSZR3+EK+YDfDGlTdm0Mj22uMr1QGVJvAfoSOGV8TbCW3Ab9dApppfoBpNoCp0ILboHtOPs9TFJ7VqTeJ5Td7Y9zfzLd+/ib7EK/BbyRyJF6l28HlFPF09DBcwZt4fIJpxYtPat1iiWmCT0N+asncFB2acS9VA33SbMLBV7YG11tNIj7uEdefWVht/rtBr7aWN1ovSZ5swRk7ttLFPNefhSFowjyPx8G614BQhhBr4q8RyOIrI8MHQKHda4IwPLZDJkXiIt1pQQ+JTo1ctl8F9/2WpzBHaaYFMnsT22eSzFsik1gIwT2gJXkRkp4Xm0H85Ry2XwUoLwMJCReRJy2RiucefMD+H/iRaLVCKWxW6GLcqtMQhn8StCjX531AOtyp0MVyoMS7UGBdqjAs1xoUa40KNcaHGuFBjXKgxLtQYF2qMCzXGhRrjQo1xoca4UGNcqDEu1BgXaowLNcaFGuNCjXGhxrhQY1yoMS7UGBdqjAs1xoWmU2sBmCf0UQvMpX+hSwlKrLfWApAotOCGr7VAJkkTDGaStM4kocSZdCVotEAmtRbI4L5/mcw02lQ74uHToU/fy63kaX8pRdlp6QeUNz1ozdWUnel7qh0zZvwuJPO8Gi7Mo/8y1/PsZVdr4mFe/N1NA/4w881fZz1viG+GKDW3f4x34s7wpd8V+jeySCl7orr8AvV2R5lbjNL8rz1XqVd5JxEXaowLNeYT4E/dB6qNaHQAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:5.90px;left:0px;position:absolute;top:0px;transform:translate(0.000px,21.596px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:6.00px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:5.82px;left:0px;position:absolute;top:0px;transform:translate(8.311px,21.677px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:5.07px">
<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAABUAAAAYCAYAAAAVibZIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAA3klEQVQ4T+2VwQ2CMBSGPw0DOIIbOAKMwAaygfcmTYtEzo6AG+gE4ga6gWzgBngA4rMQRdMj36n/6+uXtIe+md3uajwTDNQqoBA5AkKRL0ApcgysRO5JT0BitHp0hTTLLe/S0mhlRbZplhfAuivMxWaFIxyL0SqhuQHwLv1LKEi6RSe9Ga3KwdaRGK3uwAGaN70A+08HfqAAloHRKvrSOJr2tpF8U29MUv9MUv9MUv+MkS6cHA92CWZ13R+maZZH7TIGNr2G5g8+Alfg6k6M3jRthWe37hDyGoYpYOXmE4OJN0KGi/odAAAAAElFTkSuQmCC);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:5.82px;left:0px;position:absolute;top:0px;transform:translate(13.979px,21.678px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:2.62px">
<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAsAAAAYCAYAAAAs7gcTAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgklEQVQ4T+3M0QmCYBhG4cfwPkdogxyhDXKVbgXRDJujEXKDNqg2cIQ2sIsUfkiibsMDH3wHDm9U1U3vS2LskCLDcqK544wu6vvX8P5wTHDBOgjbssizURbjUxb5Y1gIuYWy8ANzHDLHIf8Qrz55VNVNigQblN5pcUIX4zoRhGyH8wRkhRhg+ze72gAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:5.90px;left:0px;position:absolute;top:0px;transform:translate(16.970px,21.596px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:6.00px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:5.90px;left:0px;position:absolute;top:0px;transform:translate(22.815px,21.596px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:6.00px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:6.09px;left:0px;position:absolute;top:0px;transform:translate(31.385px,21.548px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:4.96px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:4.28px;left:0px;position:absolute;top:0px;transform:translate(37.148px,23.338px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:3.95px">
<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAABAAAAASCAYAAABSO15qAAAACXBIWXMAAC4jAAAuIwF4pT92AAABMklEQVQ4T82UwU3DQBBFnzcS4hY6gA5iCkBxB7gEd4B9XWm1WVkyR5IO0gEuwcCFo9NB3AGuwByyIbMWTg5c+KedP39mR7szEw3DgIQrqwxIgUdCdEADrKzR+yMZHRO4sroBamDpfb0P2AMJsOCEwhq9/knggxsh2lmjYxGAK6sUeBXUxhqdK29sRXDH4cYA1ugaKAT15MoqmUWzqwR4Fg5njW74Bcny4fPt/aMArj11r4BspKs5j0acF4qw3J184Qm00lDArbC/uIxGGoo/4n8k6IQdNM8EAo0i/La5K6tLSaS/V8B6JMiYgG/5VFC18v++EWR2poocmPtzD+RyGhvCSYxlU7myyoEX4U+s0W0k94EXrTjdctwBMeGwpdboFsQ+EEnuOJSajIJaoLZGb6X+GxngbBV/BZgdAAAAAElFTkSuQmCC);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:4.15px;left:0px;position:absolute;top:0px;transform:translate(41.769px,23.343px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:6.98px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:5.98px;left:0px;position:absolute;top:0px;transform:translate(49.182px,23.341px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:4.36px">
<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAABIAAAAZCAYAAAA8CX6UAAAACXBIWXMAAC4jAAAuIwF4pT92AAABUklEQVQ4T82VwW2DQBAAB8v/0IGdCuJUEKcCOx2QCsL7pNOBkfnGqSC4BFcQUkGcDlyCqYA8OPCCT0iBj0dCYne54aRjFy/abCPABxZc8I1WizhJfSAE1sCDqO+B0Gh1rhNetNmWuHkEMtoCSQEsjVZHgInRygOebUGSAyfgFbi3z3yI+h3wEyfpGsAry2pDcZKGwLt4cG+0CugQJ2kAfIpUAcwnInGkTYYDo1XG9c5CKfoPu04cDBIZrU7Ar0jNBoksZwRjRLkMxohajBH5Mhgjki01TGR78EmkDoNEQNCJd32i0JUUE6Fmb7TK+0SrOEkzuxBoJDkws6kDViqbdgl8cU1B1Yc+l5FSAJHRqmmVqWNhzQswpxpqvr3/ppLubJs09InO9o3dBnUy9NSuuG1R65N3xL144nf05qgfqE4pN1rljnrDFDA99ZW9oDN/uvwBtcldcyGvWDwAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:4.26px;left:0px;position:absolute;top:0px;transform:translate(54.408px,23.336px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:3.80px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:4.15px;left:0px;position:absolute;top:0px;transform:translate(58.959px,23.343px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:4.51px">
<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAABMAAAARCAYAAAA/mJfHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAA3ElEQVQ4T+2UwQ3CMBAEJ6kgVAAdQAnQAR0QKoC3JetsLPwOHVACJaSFdAAd0EF4kMAlgkjwhXn5dter+9iJ2+0dkAEznmRizQzAh5gDDhgr/wJsxZqT0kjcbl/zmhFQAtM3PsBarDm2QyrWJMDiRbAEJsCh8ddA1csUekjq+r6YD/EIrJRXAXOx5qov+BALYKOkhVhTAqRKPNNl2S9q6GwDzNuDLusg1pw/0WGg7Bv+ZZ/z62U+xOyd1+ORSwF8iBMg74WKRu/QvE1N7kNcwvAX1OLFGudDdIAMBW9cGT4cr/XCrQAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:5.86px;left:0px;position:absolute;top:0px;transform:translate(63.768px,23.453px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:4.34px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> </div> </div> </div> <div style="height:673.79px;left:0px;position:absolute;top:0px;transform:translate(32.400px,31.368px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:502.56px">
<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,[encoded data, 39208 characters])">
</div> </div> <div style="height:690.49px;left:0px;position:absolute;top:0px;transform:translate(32.400px,14.665px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:502.56px">
<div style="width:10051.2px;height:13435.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,17.73px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:1440px;font-weight:bold;position:absolute;top:-133.24px;left:0px;white-space:nowrap">Life
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:1440px;font-weight:bold;position:absolute;top:-133.24px;left:3251.25px;white-space:nowrap">is</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:1440px;font-weight:bold;position:absolute;top:1054.76px;left:2109.6px;white-space:nowrap">Complex.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:420px;position:absolute;top:3144.61px;left:2160px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:420px;position:absolute;top:3144.61px;left:3687.83px;white-space:nowrap">makes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:420px;position:absolute;top:3144.61px;left:4980.23px;white-space:nowrap">things
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:420px;position:absolute;top:3144.61px;left:6237.57px;white-space:nowrap">e-simple.</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:3726.14px;left:2160px;letter-spacing:-1.76px;white-space:nowrap">It
 </div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:3726.14px;left:2322.35px;letter-spacing:-3.52px;white-space:nowrap">only
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:3726.14px;left:2745.41px;letter-spacing:-3.67px;white-space:nowrap">takes
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:3726.14px;left:3245.02px;letter-spacing:-2.2px;white-space:nowrap">a
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:3726.14px;left:3388.89px;letter-spacing:-3.96px;white-space:nowrap">minute
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:3726.14px;left:4064.73px;letter-spacing:-3.37px;white-space:nowrap">to
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:3726.14px;left:4290.44px;letter-spacing:-3.78px;white-space:nowrap">sign
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:3726.14px;left:4697.43px;letter-spacing:-2.93px;white-space:nowrap">up
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:3726.14px;left:4977.27px;letter-spacing:-4.01px;white-space:nowrap">for
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:3726.14px;left:5260.41px;letter-spacing:-2.7px;white-space:nowrap">e-Reports.
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:3726.14px;left:6198.25px;letter-spacing:-3.78px;white-space:nowrap">Once
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:3726.14px;left:6704.02px;letter-spacing:-4.4px;white-space:nowrap">enrolled,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:3726.14px;left:7510.97px;letter-spacing:-4.78px;white-space:nowrap">you&#8217;ll
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:3726.14px;left:8014.76px;letter-spacing:-4.56px;white-space:nowrap">receive
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:3726.14px;left:8678.93px;letter-spacing:-2.93px;white-space:nowrap">an
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:3726.14px;left:8940.5px;letter-spacing:-2.26px;white-space:nowrap">e-mail
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:3726.14px;left:9533.17px;letter-spacing:-1.47px;white-space:nowrap">as
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4116.14px;left:2160px;letter-spacing:-3.52px;white-space:nowrap">soon
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4116.14px;left:2635.41px;letter-spacing:-2.93px;white-space:nowrap">as
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4116.14px;left:2862.01px;letter-spacing:-3.96px;white-space:nowrap">your
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4116.14px;left:3302px;letter-spacing:-4.09px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4116.14px;left:4029.97px;letter-spacing:-5.06px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4116.14px;left:4521.45px;letter-spacing:-4.27px;white-space:nowrap">information
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4116.14px;left:5599.66px;letter-spacing:-2.93px;white-space:nowrap">is
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4116.14px;left:5771.69px;letter-spacing:-5.31px;white-space:nowrap">ready.
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4116.14px;left:6338.18px;letter-spacing:-2.93px;white-space:nowrap">No
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4116.14px;left:6637.16px;letter-spacing:-3.96px;white-space:nowrap">more
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4116.14px;left:7146.01px;letter-spacing:-3.96px;white-space:nowrap">waiting
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4116.14px;left:7845.38px;letter-spacing:-4.01px;white-space:nowrap">for
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4116.14px;left:8128.52px;letter-spacing:-3.54px;white-space:nowrap">delivery
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4116.14px;left:8868.14px;letter-spacing:-3.45px;white-space:nowrap">by
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4116.14px;left:9128.84px;letter-spacing:-3.57px;white-space:nowrap">regular
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:2160px;letter-spacing:-4.03px;white-space:nowrap">mail.
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:2616.49px;letter-spacing:-3.52px;white-space:nowrap">Just
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:3003.68px;letter-spacing:-3.67px;white-space:nowrap">click
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:3427.62px;letter-spacing:-2.93px;white-space:nowrap">on
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:3703.93px;letter-spacing:-3.3px;white-space:nowrap">the
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:4038.11px;letter-spacing:-3.52px;white-space:nowrap">link
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:4391.42px;letter-spacing:-3.77px;white-space:nowrap">within
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:4989.15px;letter-spacing:-3.3px;white-space:nowrap">the
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:5323.32px;letter-spacing:-2.26px;white-space:nowrap">e-mail
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:5915.99px;letter-spacing:-3.37px;white-space:nowrap">to
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:6141.71px;letter-spacing:-3.3px;white-space:nowrap">see
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:6478.3px;letter-spacing:-3.3px;white-space:nowrap">the
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:6812.47px;letter-spacing:-3.33px;white-space:nowrap">report
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:7404.26px;letter-spacing:-3.3px;white-space:nowrap">and
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:7785.51px;letter-spacing:-4.31px;white-space:nowrap">save
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:8215.39px;letter-spacing:-2.93px;white-space:nowrap">it
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:8373.12px;letter-spacing:-2.93px;white-space:nowrap">on
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:8649.44px;letter-spacing:-3.96px;white-space:nowrap">your
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4506.14px;left:9089.43px;letter-spacing:-3.72px;white-space:nowrap">computer
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4896.14px;left:2160px;letter-spacing:-2.93px;white-space:nowrap">if
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4896.14px;left:2309.15px;letter-spacing:-3.85px;white-space:nowrap">you
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:4896.14px;left:2681.61px;letter-spacing:-3.52px;white-space:nowrap">wish.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;font-weight:bold;position:absolute;top:5879.76px;left:4384.8px;white-space:nowrap">Free
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;font-weight:bold;position:absolute;top:5879.76px;left:5161.46px;white-space:nowrap">e-Reports
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;font-weight:bold;position:absolute;top:6179.76px;left:4384.8px;white-space:nowrap">right
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;font-weight:bold;position:absolute;top:6179.76px;left:5219.18px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;font-weight:bold;position:absolute;top:6179.76px;left:5605.31px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;font-weight:bold;position:absolute;top:6179.76px;left:6399.84px;white-space:nowrap">email!</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:6808.46px;left:4410px;letter-spacing:-7.09px;white-space:nowrap">www.investordelivery.com
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:7090.02px;left:4410px;letter-spacing:-2.93px;white-space:nowrap">If
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:7090.02px;left:4581.16px;letter-spacing:-3.3px;white-space:nowrap">you
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:7090.02px;left:4983.53px;letter-spacing:-4.34px;white-space:nowrap">receive
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:7090.02px;left:5710.41px;letter-spacing:-3.52px;white-space:nowrap">your
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:7090.02px;left:6181.42px;letter-spacing:-3.77px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:7090.02px;left:6978.26px;letter-spacing:-2.64px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:7370.02px;left:4410px;letter-spacing:-4.09px;white-space:nowrap">distributions
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:7370.02px;left:5618.44px;letter-spacing:-3.3px;white-space:nowrap">and
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:7370.02px;left:6032.91px;letter-spacing:-4px;white-space:nowrap">statements
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:7370.02px;left:7120.8px;letter-spacing:-4.31px;white-space:nowrap">from
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:7370.02px;left:7612.05px;letter-spacing:-2.64px;white-space:nowrap">your
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:7650.02px;left:4410px;text-rendering:optimizeLegibility;letter-spacing:-3.52px;white-space:nowrap">financial
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:7650.02px;left:5234.33px;letter-spacing:-4.37px;white-space:nowrap">professional
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:7650.02px;left:6419.67px;letter-spacing:-2.93px;white-space:nowrap">or
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:7650.02px;left:6671.13px;letter-spacing:-3.92px;white-space:nowrap">brokerage
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:7930.02px;left:4410px;letter-spacing:-3.85px;white-space:nowrap">account.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;font-weight:bold;position:absolute;top:8356.96px;left:4384.8px;white-space:nowrap">or
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:208px;position:absolute;top:8985.66px;left:4410px;letter-spacing:-6.54px;white-space:nowrap">www.nuveen.com/client-access</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:9267.22px;left:4410px;letter-spacing:-2.93px;white-space:nowrap">If
 </div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:9267.22px;left:4581.16px;letter-spacing:-3.3px;white-space:nowrap">you
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:9267.22px;left:4983.53px;letter-spacing:-4.34px;white-space:nowrap">receive
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:9267.22px;left:5710.41px;letter-spacing:-3.52px;white-space:nowrap">your
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:9267.22px;left:6181.42px;letter-spacing:-3.77px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:9267.22px;left:6978.26px;letter-spacing:-2.64px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:9547.22px;left:4410px;letter-spacing:-2.83px;white-space:nowrap">dividends
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:9547.22px;left:5380.41px;letter-spacing:-3.3px;white-space:nowrap">and
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:9547.22px;left:5794.89px;letter-spacing:-4px;white-space:nowrap">statements
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:9547.22px;left:6882.77px;letter-spacing:-4.35px;white-space:nowrap">directly
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:9547.22px;left:7620.86px;letter-spacing:-3.43px;white-space:nowrap">from
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:9827.22px;left:4410px;letter-spacing:-3.77px;white-space:nowrap">Nuveen.</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:10316.02px;left:4410px;letter-spacing:-3.3px;white-space:nowrap">NOT
 </div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:10316.02px;left:4934.48px;letter-spacing:-3.52px;white-space:nowrap">FDIC
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:10316.02px;left:5471.93px;letter-spacing:-3.85px;white-space:nowrap">INSURED
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:10316.02px;left:6424.3px;letter-spacing:-7.37px;white-space:nowrap">MAY
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:10316.02px;left:6924.58px;letter-spacing:-2.64px;white-space:nowrap">LOSE
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:10596.02px;left:4410px;letter-spacing:-5.68px;white-space:nowrap">VALUE
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:10596.02px;left:5109.37px;letter-spacing:-2.93px;white-space:nowrap">NO
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:10596.02px;left:5511.97px;letter-spacing:-3.52px;white-space:nowrap">BANK
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:300;position:absolute;top:10596.02px;left:6150.41px;letter-spacing:-3.91px;white-space:nowrap">GUARANTEE</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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: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: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,[encoded data, 37844 characters])">
</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">4
</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">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:348px;left:814.18px;white-space:nowrap">Managers&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:348px;left:1803.57px;white-space:nowrap">Comments</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">5
</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">8
</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">9
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1392px;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:1392px;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:1392px;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:1392px;left:2477.97px;white-space:nowrap">Holding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1392px;left:3248.16px;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:1392px;left:10404.8px;white-space:nowrap">11
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1740px;left:0px;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:1740px;left:658.99px;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:1740px;left:892.38px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1740px;left:2100.97px;letter-spacing:-0.33px;white-space:nowrap">Registered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1740px;left:3115.56px;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:1740px;left:3711.75px;white-space:nowrap">Accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1740px;left:4786.14px;letter-spacing:0.72px;white-space:nowrap">Firm</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1740px;left:10404.8px;white-space:nowrap">19
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2088px;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:2088px;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:2088px;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:2088px;left:10404.8px;white-space:nowrap">21
</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">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2436px;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:2436px;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:2436px;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:2436px;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:2436px;left:10404.8px;white-space:nowrap">53
</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">Operations</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">54
</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">Changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3132px;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:3132px;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:3132px;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:3132px;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: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">Cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3480px;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:3480px;left:10404.8px;white-space:nowrap">58
</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">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3828px;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:3828px;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:4176px;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:4176px;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:4176px;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:4176px;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:4176px;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:4524px;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:4524px;left:1133.39px;white-space:nowrap">Update</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">79
</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">Important
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4872px;left:933.78px;letter-spacing:-5.55px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4872px;left:1282.18px;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:4872px;left:10293.6px;white-space:nowrap">103
</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:10293.6px;white-space:nowrap">104
</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:10293.6px;white-space:nowrap">105
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5916px;left:0px;letter-spacing:-0.6px;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:5916px;left:588.99px;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:5916px;left:1489.18px;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:5916px;left:1685.58px;text-rendering:optimizeLegibility;letter-spacing:-0.4px;white-space:nowrap">Officers</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5916px;left:10293.6px;white-space:nowrap">107
</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">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">
<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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:103.32px;left:0px;position:absolute;top:0px;transform:translate(36.000px,133.200px) 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,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)">
</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,7165.000px) 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,[encoded data, 14760 characters])">
</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;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:392.8px;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:397.8px;left:1348.18px;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:397.8px;left:2244.78px;white-space:nowrap">taken
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:397.8px;left:2789.37px;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:397.8px;left:3063.57px;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:397.8px;left:3407.97px;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:397.8px;left:3823.17px;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:397.8px;left:4552.76px;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:397.8px;left:5308.55px;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:397.8px;left:5812.75px;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:397.8px;left:6205.55px;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:397.8px;left:6734.94px;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:397.8px;left:7353.33px;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:637.8px;left:0px;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:637.8px;left:574.4px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:637.8px;left:1022.59px;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:637.8px;left:1366.99px;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:637.8px;left:1800.18px;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:637.8px;left:2233.58px;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:637.8px;left:2474.17px;white-space:nowrap">contain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:637.8px;left:3185.36px;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:637.8px;left:3955.55px;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:4433.75px;white-space:nowrap">begun
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:637.8px;left:5067.34px;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:637.8px;left:5307.94px;white-space:nowrap">take
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:637.8px;left:5741.33px;letter-spacing:-0.45px;white-space:nowrap">effect.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:637.8px;left:6352.53px;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:6871.12px;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:637.8px;left:7478.92px;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:637.8px;left:7979.32px;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:877.8px;left:0px;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:877.8px;left:607.8px;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:877.8px;left:1163.8px;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:877.8px;left:1508.19px;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:1908.39px;white-space:nowrap">raised
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:877.8px;left:2500.78px;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:877.8px;left:2845.18px;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:877.8px;left:3433.57px;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:3781.77px;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:877.8px;left:4326.36px;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:4729.76px;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:877.8px;left:5003.96px;white-space:nowrap">4.75%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:877.8px;left:5615.35px;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:877.8px;left:5855.95px;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:877.8px;left:6015.35px;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:877.8px;left:6585.74px;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:877.8px;left:6819.14px;white-space:nowrap">4.75%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:877.8px;left:7430.54px;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:877.8px;left:7671.13px;white-space:nowrap">5.00%,
</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">marking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1117.8px;left:773.99px;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:1118.39px;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:1117.8px;left:1751.38px;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:1117.8px;left:2469.37px;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:1117.8px;left:2872.76px;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:1117.8px;left:3465.35px;white-space:nowrap">cycle
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1117.8px;left:3969.35px;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:1117.8px;left:4184.15px;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:1117.8px;left:4439.34px;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:1117.8px;left:5124.33px;letter-spacing:-0.51px;white-space:nowrap">Across
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1117.8px;left:5765.32px;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:1117.8px;left:6261.51px;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:6494.91px;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:1117.8px;left:6839.3px;white-space:nowrap">world,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1117.8px;left:7450.09px;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:1357.8px;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:1357.8px;left:488.44px;letter-spacing:0px;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:1357.8px;left:966.49px;letter-spacing:0px;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:1357.8px;left:1503.33px;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:1357.8px;left:1969.78px;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:2428.42px;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:1357.8px;left:3828.25px;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:1357.8px;left:4361.5px;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:1357.8px;left:4716.74px;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:1357.8px;left:5542.18px;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:1357.8px;left:6205.03px;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:1357.8px;left:6612.07px;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:1357.8px;left:7219.71px;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:1357.8px;left:7563.96px;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:8119.41px;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:1597.8px;left:0px;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:1597.8px;left:658.99px;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:1597.8px;left:1233.39px;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:1597.8px;left:2048.18px;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:1597.8px;left:3051.56px;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:1597.8px;left:3284.95px;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:1597.8px;left:3743.75px;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:1597.8px;left:4822.13px;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:1597.8px;left:5762.32px;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:1981.8px;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:1981.8px;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:1981.8px;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:1981.8px;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:1981.8px;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:1981.8px;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:1981.8px;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:1981.8px;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:1981.8px;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:1981.8px;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:1981.8px;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:1981.8px;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:1981.8px;left:6223.34px;white-space:nowrap">surprisingly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1981.8px;left:7289.32px;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:2221.8px;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:2221.8px;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:2221.8px;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:2221.8px;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:2221.8px;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:2221.8px;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:2221.8px;left:3956.36px;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:2221.8px;left:4704.35px;white-space:nowrap">contracting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2221.8px;left:5766.93px;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:2221.8px;left:5981.73px;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:2221.8px;left:6326.13px;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:2221.8px;left:6707.12px;white-space:nowrap">half
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2221.8px;left:7084.92px;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:2221.8px;left:7318.31px;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:2221.8px;left:7874.31px;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:0px;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:529.59px;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:1403.58px;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:2158.97px;letter-spacing:-0.72px;white-space:nowrap">grew
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2461.8px;left:2655.16px;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:2461.8px;left:3155.36px;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:2461.8px;left:3370.16px;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:2461.8px;left:3714.56px;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:2461.8px;left:4147.95px;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:2461.8px;left:4795.94px;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:2461.8px;left:5759.13px;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:2461.8px;left:5999.73px;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:2461.8px;left:6555.73px;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:2461.8px;left:7081.92px;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:2461.8px;left:7696.72px;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:2701.8px;left:0px;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:2701.8px;left:478.2px;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:2701.8px;left:1104.39px;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:2701.8px;left:1263.79px;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:2701.8px;left:2111.58px;letter-spacing:-0.51px;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:2701.8px;left:2733.57px;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:2701.8px;left:3163.16px;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:2701.8px;left:3888.95px;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:2701.8px;left:4455.75px;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:2701.8px;left:4811.54px;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:2701.8px;left:5493.14px;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:2701.8px;left:6240.93px;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:2701.8px;left:7167.12px;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:2941.8px;left: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:2941.8px;left:392.8px;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:2941.8px;left:1281.79px;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:2941.8px;left:2003.78px;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:2941.8px;left:2995.76px;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:2941.8px;left:3443.96px;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:2941.8px;left:4269.74px;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:2941.8px;left:5032.74px;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:2941.8px;left:5366.13px;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:2941.8px;left:6370.12px;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:6773.52px;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:2941.8px;left:7314.31px;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:3181.8px;left:0px;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:3181.8px;left:551.99px;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:3181.8px;left:1048.59px;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:3181.8px;left:1770.78px;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:3181.8px;left:2578.18px;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:3181.8px;left:2863.57px;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:3181.8px;left:3448.57px;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:3181.8px;left:3841.36px;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:3181.8px;left:4519.36px;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:3181.8px;left:5086.15px;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:3181.8px;left:5638.14px;letter-spacing:-0.51px;white-space:nowrap">prompt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3181.8px;left:6356.33px;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:3181.8px;left:7015.32px;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:3181.8px;left:7589.72px;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:0px;white-space:nowrap">continue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:829.79px;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:3421.8px;left:1470.18px;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:3421.8px;left:2188.17px;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:3421.8px;left:2676.76px;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:3421.8px;left:2902.56px;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:3246.96px;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:3421.8px;left:3598.55px;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:3421.8px;left:3831.95px;white-space:nowrap">slowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:4565.13px;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:3421.8px;left:5591.52px;white-space:nowrap">too
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:5950.71px;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:3421.8px;left:6551.11px;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:3421.8px;left:7713.89px;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:3661.8px;left:0px;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:3661.8px;left:614.79px;white-space:nowrap">collapse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3661.8px;left:1403.78px;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:3661.8px;left:1637.18px;white-space:nowrap">two
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3661.8px;left:2022.17px;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:3661.8px;left:2803.56px;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:3661.8px;left:3218.76px;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:3661.8px;left:3848.75px;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:3661.8px;left:4485.75px;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:3661.8px;left:5059.94px;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:3661.8px;left:5552.94px;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:3661.8px;left:5945.73px;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:3661.8px;left:6849.33px;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:3661.8px;left:7397.92px;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:7790.72px;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:3901.8px;left:0px;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:3901.8px;left:915.19px;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:3901.8px;left:1404.39px;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:3901.8px;left:2011.38px;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:3901.8px;left:2674.58px;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:3901.8px;left:2863.37px;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:3901.8px;left:3366.96px;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:3901.8px;left:3607.56px;white-space:nowrap">add
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3901.8px;left:4011.36px;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:3901.8px;left:4658.94px;letter-spacing:-0.4px;white-space:nowrap">downward
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3901.8px;left:5644.13px;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:3901.8px;left:6451.53px;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:3901.8px;left:6692.12px;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:3901.8px;left:7036.52px;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:3901.8px;left:7914.91px;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:3901.8px;left:8159.51px;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:4141.8px;left:0px;white-space:nowrap">banking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4141.8px;left:770.59px;white-space:nowrap">system
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4141.8px;left:1440.99px;white-space:nowrap">slows
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4141.8px;left:1977.98px;white-space:nowrap">lending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4141.8px;left:2707.57px;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:4141.8px;left:2922.37px;letter-spacing:-0.36px;white-space:nowrap">response.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4525.8px;left:0px;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:4525.8px;left:400.2px;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:4525.8px;left:1118.79px;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:4525.8px;left:1452.19px;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:4525.8px;left:2111.58px;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:4525.8px;left:3148.16px;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:4525.8px;left:3918.34px;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:4525.8px;left:4370.14px;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:4525.8px;left:4762.94px;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:4525.8px;left:5292.33px;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:4525.8px;left:6218.72px;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:4525.8px;left:7115.31px;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:4525.8px;left:7355.91px;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:4765.8px;left:0px;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:4765.8px;left:458.79px;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:4765.8px;left:862.19px;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:4765.8px;left:1528.38px;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:4765.8px;left:2113.57px;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:4765.8px;left:2713.76px;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:4765.8px;left:3232.56px;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:4765.8px;left:3773.35px;white-space:nowrap">factors.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4765.8px;left:4480.54px;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:4765.8px;left:5043.33px;white-space:nowrap">uncertainty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4765.8px;left:6087.52px;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:4765.8px;left:6443.32px;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:4765.8px;left:7350.91px;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:5005.8px;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:5005.8px;left:344.4px;letter-spacing:-0.26px;white-space:nowrap">unpredictable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5005.8px;left:1636.78px;white-space:nowrap">outcome
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5005.8px;left:2485.17px;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:5005.8px;left:2718.57px;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:5005.8px;left:3365.95px;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:5005.8px;left:3928.55px;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:5005.8px;left:4909.93px;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:5005.8px;left:5195.33px;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:5005.8px;left:5539.72px;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:5005.8px;left:6455.32px;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:5005.8px;left:6799.71px;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:5005.8px;left:7199.91px;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:5245.8px;left:0px;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:5245.8px;left:1025.58px;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:5245.8px;left:1266.18px;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:5245.8px;left:1869.77px;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:5245.8px;left:2310.16px;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:5245.8px;left:2480.16px;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:5245.8px;left:2928.56px;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:5245.8px;left:3980.34px;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:5245.8px;left:4806.13px;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:5245.8px;left:5479.92px;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:5245.8px;left:5735.12px;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:5245.8px;left:6505.3px;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:5245.8px;left:7094.3px;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:5245.8px;left:7313.89px;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:5485.8px;left:0px;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:5485.8px;left:1003.79px;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:5485.8px;left:1759.18px;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:5485.8px;left:2092.58px;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:5485.8px;left:2596.17px;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:5485.8px;left:2836.76px;white-space:nowrap">continue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5485.8px;left:3666.56px;letter-spacing:-0.4px;white-space:nowrap">reacting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5485.8px;left:4444.15px;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:5485.8px;left:4658.94px;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:5485.8px;left:5003.34px;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:5485.8px;left:5506.73px;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:5485.8px;left:5980.32px;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:5485.8px;left:6220.92px;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:5485.8px;left:6728.51px;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:5485.8px;left:7306.3px;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:5725.8px;left:0px;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:5725.8px;left:507.39px;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:5725.8px;left:1433.78px;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:5725.8px;left:2355.57px;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:5725.8px;left:2748.36px;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:5725.8px;left:3407.35px;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:5725.8px;left:3896.55px;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:5725.8px;left:4518.94px;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:5725.8px;left:4870.94px;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:5725.8px;left:5878.73px;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:5725.8px;left:6722.92px;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:5725.8px;left:6963.51px;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:5725.8px;left:7460.11px;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:5725.8px;left:7619.51px;white-space:nowrap">long-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5965.8px;left:0px;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:5965.8px;left:473.59px;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:5965.8px;left:1565.98px;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:5965.8px;left:2065.97px;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:5965.8px;left:2410.37px;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:5965.8px;left:3398.35px;white-space:nowrap">noise.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5965.8px;left:3983.74px;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:5965.8px;left:4431.93px;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:5965.8px;left:5217.32px;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:5965.8px;left:6346.91px;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:5965.8px;left:6713.91px;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:5965.8px;left:7162.1px;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:5965.8px;left:7543.9px;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:6205.8px;left:0px;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:6205.8px;left:429.79px;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:6205.8px;left:836.99px;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:6205.8px;left:1285.18px;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:6205.8px;left:2106.76px;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:6205.8px;left:2295.56px;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:6205.8px;left:3017.75px;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:6205.8px;left:3443.34px;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:6205.8px;left:3891.53px;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:6205.8px;left:4343.13px;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:6205.8px;left:5113.52px;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:6205.8px;left:5465.11px;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:6205.8px;left:6353.9px;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:6205.8px;left:6746.69px;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:6205.8px;left:7779.88px;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:6589.8px;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:6589.8px;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:6589.8px;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:6589.8px;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:6589.8px;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:6589.8px;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:6589.8px;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:6589.8px;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:6589.8px;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:6589.8px;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:6589.8px;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:6589.8px;left:5430.75px;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:6589.8px;left:5741.95px;white-space:nowrap">look
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6589.8px;left:6179.14px;letter-spacing:-0.45px;white-space:nowrap">forward
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6589.8px;left:6912.12px;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:6589.8px;left:7152.72px;white-space:nowrap">continuing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6589.8px;left:8152.71px;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:6829.8px;left:0px;letter-spacing:0.72px;white-space:nowrap">earn
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6829.8px;left:451.79px;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:6829.8px;left:899.99px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6829.8px;left:1351.18px;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:6829.8px;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:6829.8px;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:6829.8px;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:6829.8px;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:6829.8px;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:8357.8px;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:8357.8px;left:752.2px;white-space:nowrap">J.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8357.8px;left:959.8px;letter-spacing:-5.55px;white-space:nowrap">Toth</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8741.8px;left:0px;white-space:nowrap">Chair
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8741.8px;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:8741.8px;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:8741.8px;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:9125.8px;left:0px;white-space:nowrap">April
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9125.8px;left:477.39px;white-space:nowrap">20,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9125.8px;left:810.99px;white-space:nowrap">2023</div></div> </div>
<div style="height:131.00px;left:0px;position:absolute;top:0px;transform:translate(36.000px,122.849px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:90.90px">
<div style="width:1818.04px;height:2260px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,9px) rotate(0deg) scale(0.05)">
<div style="height:113.00px;left:0px;position:absolute;top:0px;transform:translate(0.000px,0.000px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:90.90px">
<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,[encoded data, 196216 characters])">
</div> </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:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;letter-spacing:-8.64px;white-space:nowrap">Portfolio
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:2241.89px;letter-spacing:-8.53px;white-space:nowrap">Managers&#8217;</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:531.59px;left:0px;letter-spacing:-8.4px;white-space:nowrap">Comments
</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="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,[encoded data, 38960 characters])">
</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:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:0px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:703.25px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:1146.4px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:1572.99px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:2236.64px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:3100.45px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:3763.56px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:4240.19px;white-space:nowrap">(NAN)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:213.48px;left:0px;white-space:nowrap">Nuveen
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:213.48px;left:703.25px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:213.48px;left:1146.4px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:213.48px;left:1572.99px;letter-spacing:-2.94px;white-space:nowrap">AMT-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:213.48px;left:2436.44px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:213.48px;left:3100.09px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:213.48px;left:3963.89px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:213.48px;left:4627px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:213.48px;left:5103.63px;letter-spacing:0px;white-space:nowrap">(NRK)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:429.48px;left:0px;white-space:nowrap">Nuveen
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:429.48px;left:703.25px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:429.48px;left:1146.4px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:429.48px;left:1572.99px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:429.48px;left:2436.8px;letter-spacing:-1.65px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:429.48px;left:2950.33px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:429.48px;left:3426.96px;white-space:nowrap">(NNY)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:645.48px;left:0px;white-space:nowrap">Nuveen
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:645.48px;left:703.25px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:645.48px;left:1146.4px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:645.48px;left:1572.99px;white-space:nowrap">Select
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:645.48px;left:2139.8px;letter-spacing:-2.36px;white-space:nowrap">Tax-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:645.48px;left:2905.15px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:645.48px;left:3568.26px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:645.48px;left:4357.9px;white-space:nowrap">(NXN)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1510.92px;left:0px;letter-spacing:-0.54px;white-space:nowrap">These
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1510.92px;left:527.76px;letter-spacing:-1.26px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1510.92px;left:1063.79px;letter-spacing:-0.63px;white-space:nowrap">feature
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1510.92px;left:1678.49px;letter-spacing:-0.22px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1510.92px;left:2417.56px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1510.92px;left:3549.03px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1510.92px;left:3794px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1510.92px;left:4468.28px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1510.92px;left:4955.35px;letter-spacing:-0.45px;white-space:nowrap">Management,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1510.92px;left:6130.38px;letter-spacing:-1.89px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1510.92px;left:6481.02px;letter-spacing:-0.77px;white-space:nowrap">(NAM),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1510.92px;left:7094.99px;letter-spacing:0px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1510.92px;left:7339.97px;text-rendering:optimizeLegibility;letter-spacing:-0.5px;white-space:nowrap">affiliate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1510.92px;left:7970.69px;letter-spacing:1.44px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1510.92px;left:8180.38px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1510.92px;left:8857.9px;letter-spacing:-1.51px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1510.92px;left:9310.78px;letter-spacing:-0.54px;white-space:nowrap">Advisors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1510.92px;left:10095.02px;letter-spacing:-2.59px;white-space:nowrap">LLC,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:306px;letter-spacing:-1.08px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:881.99px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:1817.26px;white-space:nowrap">advise</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:2338.17px;letter-spacing:-3.96px;white-space:nowrap">r.
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:2480.73px;letter-spacing:-1.26px;white-space:nowrap">Here,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:2958.8px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:3264.8px;letter-spacing:-1.08px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:3840.79px;letter-spacing:-0.22px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:4579.87px;letter-spacing:-1.32px;white-space:nowrap">manager,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:5390.58px;letter-spacing:-0.54px;white-space:nowrap">Scott
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:5841.66px;letter-spacing:-1.8px;white-space:nowrap">R.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:6035.88px;letter-spacing:-0.94px;white-space:nowrap">Romans,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:6772.43px;letter-spacing:-2.81px;white-space:nowrap">PhD,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:7194.7px;letter-spacing:-0.27px;white-space:nowrap">reviews
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:7846.84px;letter-spacing:-1.94px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:8205.03px;letter-spacing:0px;white-space:nowrap">economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:9052.65px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1726.92px;left:9409.59px;letter-spacing:0px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1942.92px;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-style:italic;position:absolute;top:1942.92px;left:602.64px;letter-spacing:-0.45px;white-space:nowrap">conditions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1942.92px;left:1538.45px;letter-spacing:-0.81px;white-space:nowrap">key
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1942.92px;left:1856.68px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1942.92px;left:2791.95px;letter-spacing:-0.36px;white-space:nowrap">strategies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1942.92px;left:3623.72px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1942.92px;left:3980.66px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1942.92px;left:4286.66px;letter-spacing:0px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1942.92px;left:5381.41px;letter-spacing:1.44px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1942.92px;left:5591.1px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1942.92px;left:5897.1px;letter-spacing:-1.26px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1942.92px;left:6433.13px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1942.92px;left:6835.97px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1942.92px;left:7141.97px;letter-spacing:0px;white-space:nowrap">twelve-month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1942.92px;left:8294.49px;letter-spacing:-0.43px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1942.92px;left:9099.62px;letter-spacing:0px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:1942.92px;left:9686.42px;letter-spacing:0px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2158.92px;left:0px;letter-spacing:-0.96px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2158.92px;left:762.47px;letter-spacing:-1.35px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2158.92px;left:1057.66px;white-space:nowrap">2023.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:0px;letter-spacing:-2.16px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:305.28px;letter-spacing:-0.43px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:777.23px;letter-spacing:-0.15px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:1757.15px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:2013.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:2319.28px;letter-spacing:-1.08px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:2895.27px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:3830.54px;white-space:nowrap">objectives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:4701.01px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:5057.95px;letter-spacing:-0.54px;white-space:nowrap">policies,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:5771.82px;letter-spacing:-0.15px;white-space:nowrap">please
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:6353.93px;letter-spacing:-0.36px;white-space:nowrap">refer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:6778.91px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:6986.45px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:7292.44px;letter-spacing:-0.18px;white-space:nowrap">Shareholder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:8334.27px;letter-spacing:-0.26px;white-space:nowrap">Update
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:8983.53px;white-space:nowrap">section
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:9611.72px;letter-spacing:-0.6px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:9806.3px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2662.92px;left:10112.29px;letter-spacing:0px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2878.92px;left:0px;letter-spacing:1.44px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2878.92px;left:209.7px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-style:italic;position:absolute;top:2878.92px;left:515.69px;letter-spacing:-0.62px;white-space:nowrap">report.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:0px;white-space:nowrap">What
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:499.85px;white-space:nowrap">factors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:1129.66px;letter-spacing:-0.36px;white-space:nowrap">affected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:1879.88px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:2209.81px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:2602.92px;white-space:nowrap">economy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:3419.21px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:3785.86px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:4639.59px;letter-spacing:0px;white-space:nowrap">markets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:5366.05px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:5969.58px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:6299.52px;white-space:nowrap">twelve-month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:7512.7px;letter-spacing:-0.32px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:8362.82px;letter-spacing:0px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:8972.83px;letter-spacing:0px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:9562.86px;letter-spacing:0px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3597.48px;left:0px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3597.48px;left:319.67px;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:4102.92px;left:0px;white-space:nowrap">Despite
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:673.19px;white-space:nowrap">high
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:1076.57px;text-rendering:optimizeLegibility;white-space:nowrap">inflation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:1769.74px;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:4102.92px;left:2123.26px;white-space:nowrap">tightening
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:2999.48px;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:4102.92px;left:3706.34px;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:4102.92px;left:4639.62px;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:4102.92px;left:4949.58px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:5323.26px;white-space:nowrap">economy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:6113.81px;letter-spacing:-0.36px;white-space:nowrap">remained
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:6920.56px;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:4102.92px;left:7177.42px;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:4102.92px;left:7320.88px;letter-spacing:0px;white-space:nowrap">moderate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:8154.09px;letter-spacing:-0.46px;white-space:nowrap">growth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:8767.16px;letter-spacing:0px;white-space:nowrap">path
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:9180.43px;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:4102.92px;left:9753.55px;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:4318.92px;left:0px;white-space:nowrap">twelve-month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:1149.82px;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:4318.92px;left:1729.59px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:2299.83px;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:4318.92px;left:3059.78px;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:4318.92px;left:3360.02px;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:4318.92px;left:3860.42px;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:4318.92px;left:4213.94px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:4587.62px;letter-spacing:0px;white-space:nowrap">economy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:5378.17px;letter-spacing:-0.65px;white-space:nowrap">grew
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:5824.74px;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:4318.92px;left:6027.96px;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:4318.92px;left:6171.42px;letter-spacing:0px;white-space:nowrap">pace
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:6611.7px;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:4318.92px;left:6821.75px;letter-spacing:0px;white-space:nowrap">2.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:7271.93px;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:4318.92px;left:7465.25px;letter-spacing:0px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:7965.65px;letter-spacing:0.27px;white-space:nowrap">normalizing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:8948.61px;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:4318.92px;left:9368.55px;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:4318.92px;left:9598.22px;letter-spacing:0px;white-space:nowrap">rapid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:0px;white-space:nowrap">post-pandemic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:1259.98px;letter-spacing:-0.36px;white-space:nowrap">recovery
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:1993.47px;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:4534.92px;left:2186.79px;white-space:nowrap">2021
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:2637.15px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:3117.39px;white-space:nowrap">it
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:3270.39px;white-space:nowrap">expanded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:4130.78px;white-space:nowrap">5.9%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:4631px;letter-spacing:-0.32px;white-space:nowrap">according
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:5474.47px;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:4534.92px;left:5691px;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:4534.92px;left:6000.96px;letter-spacing:0px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:6374.64px;letter-spacing:-0.46px;white-space:nowrap">Bureau
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:6988.26px;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:4534.92px;left:7198.31px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:8038.72px;letter-spacing:0px;white-space:nowrap">Analysis.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:8782.29px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">Inflation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:9479.78px;letter-spacing:-0.36px;white-space:nowrap">remained
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:0px;white-space:nowrap">persistently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:966.04px;white-space:nowrap">high
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:1369.42px;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:4750.92px;left:1589.56px;letter-spacing:-2.5px;white-space:nowrap">China&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:2206.6px;letter-spacing:-0.29px;white-space:nowrap">Zero-COVID
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:3247.71px;letter-spacing:-0.25px;white-space:nowrap">restrictions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:4166.95px;white-space:nowrap">(later
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:4620px;white-space:nowrap">lifted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:5079.53px;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:4750.92px;left:5272.85px;letter-spacing:0px;white-space:nowrap">December
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:6166.36px;letter-spacing:0px;white-space:nowrap">2022)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:6663.52px;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:4750.92px;left:7017.04px;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:4750.92px;left:7327px;white-space:nowrap">Russia-Ukraine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:8540.54px;white-space:nowrap">war
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:8873.71px;letter-spacing:0px;white-space:nowrap">worsened
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:9707.1px;letter-spacing:0px;white-space:nowrap">existing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:0px;letter-spacing:-0.19px;white-space:nowrap">pandemic-related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:1469.86px;white-space:nowrap">supply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:2046.58px;white-space:nowrap">chain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:2520.15px;white-space:nowrap">disruptions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:3456.32px;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:4966.92px;left:3809.84px;letter-spacing:-0.54px;white-space:nowrap">drove
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:4319.95px;white-space:nowrap">food
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:4746.72px;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:4966.92px;left:5100.24px;letter-spacing:-0.46px;white-space:nowrap">energy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:5703.78px;letter-spacing:0px;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:4966.92px;left:6230.27px;letter-spacing:-2.07px;white-space:nowrap">higher.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:6826.96px;letter-spacing:0px;white-space:nowrap">While
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:7333.48px;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:4966.92px;left:7643.44px;letter-spacing:0px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:8017.11px;white-space:nowrap">Federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:8673.75px;letter-spacing:0px;white-space:nowrap">Reserve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:9353.96px;white-space:nowrap">(Fed)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:9807.74px;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:4966.92px;left:10161.25px;letter-spacing:0px;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:5182.92px;left:0px;white-space:nowrap">global
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5182.92px;left:556.55px;white-space:nowrap">central
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5182.92px;left:1149.64px;white-space:nowrap">banks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5182.92px;left:1666.6px;white-space:nowrap">took
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5182.92px;left:2076.63px;letter-spacing:-0.29px;white-space:nowrap">aggressive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5182.92px;left:2980.04px;letter-spacing:-0.36px;white-space:nowrap">measures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5182.92px;left:3786.98px;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:5182.92px;left:4150.03px;white-space:nowrap">helped
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5182.92px;left:4763.47px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">inflation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5182.92px;left:5456.63px;letter-spacing:0px;white-space:nowrap">rates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5182.92px;left:5896.37px;letter-spacing:0px;white-space:nowrap">ease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5182.92px;left:6316.67px;letter-spacing:-0.81px;white-space:nowrap">off
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5182.92px;left:6576.76px;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:5182.92px;left:6989.68px;letter-spacing:0px;white-space:nowrap">peaks,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5182.92px;left:7556.67px;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:5182.92px;left:7866.63px;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:5182.92px;left:8366.66px;letter-spacing:-0.36px;white-space:nowrap">remained
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5182.92px;left:9173.42px;white-space:nowrap">much
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5182.92px;left:9663.73px;letter-spacing:0px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5182.92px;left:10226.95px;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:5398.92px;left:0px;white-space:nowrap">central
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5398.92px;left:593.09px;white-space:nowrap">banks&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5398.92px;left:1156.85px;letter-spacing:-0.46px;white-space:nowrap">target
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5398.92px;left:1686.4px;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:5902.92px;left:0px;white-space:nowrap">Beginning
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:870.11px;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:5902.92px;left:1063.43px;letter-spacing:-0.54px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:1610.45px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:2110.85px;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:5902.92px;left:2420.8px;white-space:nowrap">Fed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:2780.98px;white-space:nowrap">raised
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:3314.14px;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:5902.92px;left:3543.81px;letter-spacing:-0.46px;white-space:nowrap">target
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:4073.36px;white-space:nowrap">fed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:4386.74px;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:5902.92px;left:4876.88px;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:5902.92px;left:5239.93px;letter-spacing:0px;white-space:nowrap">eight
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:5703.06px;letter-spacing:0px;white-space:nowrap">times
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:6186.18px;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:5902.92px;left:6759.29px;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:5902.92px;left:7069.25px;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:5902.92px;left:7865.37px;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:5902.92px;left:8495.18px;letter-spacing:0px;white-space:nowrap">bringing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:9221.47px;letter-spacing:0px;white-space:nowrap">it
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:9374.47px;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:5902.92px;left:9794.4px;letter-spacing:0px;white-space:nowrap">near
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:0px;letter-spacing:-0.65px;white-space:nowrap">zero
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:390.06px;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:6118.92px;left:593.27px;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:6118.92px;left:903.23px;white-space:nowrap">start
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:1302.64px;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:6118.92px;left:1512.7px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:1963.06px;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:6118.92px;left:2179.59px;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:6118.92px;left:2323.05px;white-space:nowrap">range
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:2836.41px;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:6118.92px;left:3046.46px;white-space:nowrap">4.50%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:3596.72px;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:6118.92px;left:3813.26px;white-space:nowrap">4.75%.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:4413.55px;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:6118.92px;left:4859.95px;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:6118.92px;left:5169.9px;letter-spacing:0px;white-space:nowrap">close
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:5633.4px;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:6118.92px;left:5843.45px;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:6118.92px;left:6153.41px;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:6118.92px;left:6949.54px;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:6118.92px;left:7579.35px;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:6118.92px;left:7772.67px;letter-spacing:-0.54px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:8319.68px;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:6118.92px;left:8820.08px;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:6118.92px;left:9130.04px;letter-spacing:0px;white-space:nowrap">Fed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:9490.22px;white-space:nowrap">raised
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:10023.37px;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:6334.92px;left: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:6334.92px;left:363.05px;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:6334.92px;left:609.83px;white-space:nowrap">0.25%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:1160.09px;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:6334.92px;left:1376.63px;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:6334.92px;left:1520.08px;white-space:nowrap">range
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:2033.44px;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:6334.92px;left:2243.5px;white-space:nowrap">4.75%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:2793.75px;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:6334.92px;left:3010.29px;white-space:nowrap">5.00%.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:3610.59px;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:6334.92px;left:3983.9px;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:6334.92px;left:4334px;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:6334.92px;left:4477.46px;white-space:nowrap">closely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:5070.91px;white-space:nowrap">watched
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:5800.98px;letter-spacing:0px;white-space:nowrap">decision
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:6517.73px;letter-spacing:0px;white-space:nowrap">because
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:7234.85px;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:6334.92px;left:7444.9px;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:6334.92px;left:7754.86px;letter-spacing:-0.4px;white-space:nowrap">failure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:8294.68px;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:6334.92px;left:8504.73px;letter-spacing:0px;white-space:nowrap">Silicon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:9078.02px;letter-spacing:-1.41px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:9594.8px;letter-spacing:0px;white-space:nowrap">Bank
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:10038.49px;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:6550.92px;left:0px;letter-spacing:-0.32px;white-space:nowrap">Signature
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6550.92px;left:813.23px;white-space:nowrap">Bank
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6550.92px;left:1256.93px;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:6550.92px;left:1450.25px;letter-spacing:-0.54px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6550.92px;left:1997.27px;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:6550.92px;left:2497.66px;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:6550.92px;left:2914px;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:6550.92px;left:3223.95px;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:6550.92px;left:3584.13px;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:6550.92px;left:3794.19px;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:6550.92px;left:4104.15px;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:6550.92px;left:4900.27px;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:6550.92px;left:5530.08px;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:6550.92px;left:5883.6px;white-space:nowrap">uncertainty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6550.92px;left:6823.37px;letter-spacing:-0.46px;white-space:nowrap">around
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6550.92px;left:7440.22px;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:6550.92px;left:7750.18px;white-space:nowrap">economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6550.92px;left:8583.93px;white-space:nowrap">impact
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6550.92px;left:9180.44px;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:6550.92px;left:9390.5px;letter-spacing:0px;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:6550.92px;left:9877.21px;letter-spacing:-0.32px;white-space:nowrap">failures.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6766.92px;left: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:6766.92px;left:197.64px;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:6766.92px;left:507.6px;white-space:nowrap">same
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6766.92px;left:981.17px;white-space:nowrap">month,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6766.92px;left:1601.27px;white-space:nowrap">Swiss
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6766.92px;left:2077.9px;white-space:nowrap">bank
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6766.92px;left:2518.18px;white-space:nowrap">UBS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6766.92px;left:2905.17px;letter-spacing:-0.46px;white-space:nowrap">agreed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6766.92px;left:3525.27px;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:6766.92px;left:3741.8px;white-space:nowrap">buy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6766.92px;left:4088.66px;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:300;position:absolute;top:6766.92px;left:4634.95px;white-space:nowrap">Suisse,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6766.92px;left:5231.83px;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:6766.92px;left:5741.94px;letter-spacing:0px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6766.92px;left:6095.46px;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:6766.92px;left:6555.72px;letter-spacing:-0.36px;white-space:nowrap">troubled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6766.92px;left:7292.09px;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:6766.92px;left:7561.9px;letter-spacing:0px;white-space:nowrap">some
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6766.92px;left:8048.8px;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:6766.92px;left:8455.23px;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:6766.92px;left:8808.75px;letter-spacing:0px;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:6766.92px;left:9158.85px;letter-spacing:-0.29px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6766.92px;left:10098.98px;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:6766.92px;left:10315.51px;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:6982.92px;left:0px;white-space:nowrap">vulnerable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6982.92px;left:886.67px;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:6982.92px;left:1079.99px;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:6982.92px;left:1389.95px;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:6982.92px;left:2003.02px;letter-spacing:-0.25px;white-space:nowrap">environment.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6982.92px;left:3109.83px;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:6982.92px;left:3426.44px;white-space:nowrap">much
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6982.92px;left:3916.76px;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:6982.92px;left:4126.82px;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:6982.92px;left:4436.77px;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:6982.92px;left:5232.9px;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:6982.92px;left:5862.71px;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:6982.92px;left:6172.67px;letter-spacing:-3.33px;white-space:nowrap">Fed&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6982.92px;left:6636.35px;letter-spacing:0px;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:6982.92px;left:7245.99px;white-space:nowrap">led
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6982.92px;left:7549.29px;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:6982.92px;left:7765.83px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">significant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6982.92px;left:8625.67px;letter-spacing:0px;white-space:nowrap">volatility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6982.92px;left:9341.7px;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:6982.92px;left:9535.01px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6982.92px;left:10011.83px;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:7198.92px;left:0px;white-space:nowrap">stock
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7198.92px;left:466.73px;white-space:nowrap">markets.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7198.92px;left:1196.62px;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:7198.92px;left:1394.26px;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:7198.92px;left:2160.69px;white-space:nowrap">it
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7198.92px;left:2313.68px;white-space:nowrap">contributed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7198.92px;left:3299.89px;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:7198.92px;left:3516.42px;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:7198.92px;left:3759.96px;letter-spacing:-0.36px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7198.92px;left:4466.82px;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:7198.92px;left:4660.14px;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:7198.92px;left:4970.09px;letter-spacing:0px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7198.92px;left:5343.77px;letter-spacing:-2.22px;white-space:nowrap">dollar&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7198.92px;left:5953.6px;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:7198.92px;left:6427.18px;letter-spacing:-0.36px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7198.92px;left:7060.23px;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:7198.92px;left:7276.76px;white-space:nowrap">major
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7198.92px;left:7783.28px;letter-spacing:0px;white-space:nowrap">world
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7198.92px;left:8282.94px;letter-spacing:-0.27px;white-space:nowrap">currencies,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7198.92px;left:9193.02px;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:7198.92px;left:9703.13px;white-space:nowrap">acts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7198.92px;left:10069.79px;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:7198.92px;left:10289.92px;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:7414.92px;left:0px;white-space:nowrap">headwind
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7414.92px;left:836.81px;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:7414.92px;left:1053.35px;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:7414.92px;left:1363.3px;text-rendering:optimizeLegibility;letter-spacing:-0.4px;white-space:nowrap">profits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7414.92px;left:1919.67px;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:7414.92px;left:2129.73px;letter-spacing:0.23px;white-space:nowrap">international
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7414.92px;left:3185.77px;white-space:nowrap">companies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7414.92px;left:4106.1px;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:7414.92px;left:4459.62px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7414.92px;left:4833.3px;letter-spacing:0px;white-space:nowrap">domestic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7414.92px;left:5619.89px;letter-spacing:0px;white-space:nowrap">companies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7414.92px;left:6540.22px;letter-spacing:0px;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:7414.92px;left:6923.25px;white-space:nowrap">overseas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7414.92px;left:7673.48px;letter-spacing:0.32px;white-space:nowrap">earnings.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7414.92px;left:8460.07px;white-space:nowrap">Global
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7414.92px;left:9046.68px;letter-spacing:-0.36px;white-space:nowrap">currency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7414.92px;left:9773.52px;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:7414.92px;left:10127.03px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7630.92px;left:0px;white-space:nowrap">markets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7630.92px;left:679.85px;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:7630.92px;left:1116.53px;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:7630.92px;left:1699.36px;letter-spacing:-0.46px;white-space:nowrap">roiled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7630.92px;left:2209.11px;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:7630.92px;left:2402.43px;white-space:nowrap">September
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7630.92px;left:3345.62px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7630.92px;left:3795.98px;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:7630.92px;left:4042.75px;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:7630.92px;left:4286.29px;white-space:nowrap">unpopular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7630.92px;left:5159.64px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7630.92px;left:5606.4px;letter-spacing:0px;white-space:nowrap">spending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7630.92px;left:6406.49px;letter-spacing:-0.36px;white-space:nowrap">proposal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7630.92px;left:7159.78px;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:7630.92px;left:7353.1px;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:7630.92px;left:7663.05px;letter-spacing:0px;white-space:nowrap">U.K.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7630.92px;left:8050.05px;letter-spacing:0px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7630.92px;left:8369.91px;letter-spacing:-0.65px;white-space:nowrap">recovered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7630.92px;left:9223.46px;letter-spacing:0px;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:7630.92px;left:9639.79px;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:7630.92px;left:9949.75px;letter-spacing:0px;white-space:nowrap">plans
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7846.92px;left:0px;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:7846.92px;left:436.68px;white-space:nowrap">abandoned.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8350.92px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Inflation
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8350.92px;left:697.49px;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:8350.92px;left:1051.01px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8350.92px;left:1614.22px;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:300;position:absolute;top:8350.92px;left:2487.21px;white-space:nowrap">costs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8350.92px;left:2943.86px;white-space:nowrap">weighed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8350.92px;left:3687.25px;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:8350.92px;left:3944.11px;white-space:nowrap">consumer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8350.92px;left:4777.68px;text-rendering:optimizeLegibility;white-space:nowrap">confidence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8350.92px;left:5714.93px;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:8350.92px;left:6068.45px;letter-spacing:0px;white-space:nowrap">spending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8350.92px;left:6868.54px;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:8350.92px;left:7222.06px;white-space:nowrap">notably
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8350.92px;left:7872.03px;white-space:nowrap">cooled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8350.92px;left:8475.56px;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:8350.92px;left:8785.52px;white-space:nowrap">housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8350.92px;left:9472.39px;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:8350.92px;left:10075.56px;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:8566.92px;left: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:8566.92px;left:329.75px;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:8566.92px;left:1125.88px;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:8566.92px;left:1755.69px;letter-spacing:-1.84px;white-space:nowrap">However,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8566.92px;left:2552.54px;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:8566.92px;left:2862.5px;white-space:nowrap">labor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8566.92px;left:3325.63px;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:8566.92px;left:3978.84px;white-space:nowrap">another
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8566.92px;left:4648.79px;white-space:nowrap">key
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8566.92px;left:4972.43px;white-space:nowrap">gauge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8566.92px;left:5536.01px;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:8566.92px;left:5746.06px;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:8566.92px;left:6056.02px;letter-spacing:-2px;white-space:nowrap">economy&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8566.92px;left:6950.07px;letter-spacing:0px;white-space:nowrap">health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8566.92px;left:7546.77px;letter-spacing:-0.36px;white-space:nowrap">remained
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8566.92px;left:8353.52px;letter-spacing:-0.36px;white-space:nowrap">stronger
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8566.92px;left:9073.15px;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:8566.92px;left:9476.53px;white-space:nowrap">expected.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8782.92px;left: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:8782.92px;left:250.2px;white-space:nowrap">July
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8782.92px;left:617.03px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8782.92px;left:1117.43px;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:8782.92px;left:1427.39px;white-space:nowrap">economy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8782.92px;left:2217.94px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8782.92px;left:2571.46px;letter-spacing:-0.65px;white-space:nowrap">recovered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8782.92px;left:3425.01px;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:8782.92px;left:3734.97px;white-space:nowrap">22
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8782.92px;left:3985.17px;white-space:nowrap">million
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8782.92px;left:4568.18px;white-space:nowrap">jobs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8782.92px;left:4954.81px;letter-spacing:0px;white-space:nowrap">lost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8782.92px;left:5291.22px;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:8782.92px;left:5748.06px;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:8782.92px;left:6058.02px;letter-spacing:0px;white-space:nowrap">beginning
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8782.92px;left:6924.71px;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:8782.92px;left:7134.77px;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:8782.92px;left:7444.72px;white-space:nowrap">pandemic.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8782.92px;left:8341.66px;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:8782.92px;left:8591.85px;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:8782.92px;left:8801.91px;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:8782.92px;left:9561.86px;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:8782.92px;left:10062.26px;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:8998.92px;left:0px;white-space:nowrap">unemployment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8998.92px;left:1263.59px;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:8998.92px;left:1626.64px;letter-spacing:-0.36px;white-space:nowrap">remained
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8998.92px;left:2433.39px;white-space:nowrap">near
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8998.92px;left:2836.77px;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:8998.92px;left:3066.45px;letter-spacing:-0.25px;white-space:nowrap">pre-pandemic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8998.92px;left:4239.85px;white-space:nowrap">low
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8998.92px;left:4569.79px;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:8998.92px;left:4779.84px;letter-spacing:0px;white-space:nowrap">3.6%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8998.92px;left:5280.06px;white-space:nowrap">although
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8998.92px;left:6043.43px;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:8998.92px;left:6743.44px;white-space:nowrap">job
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8998.92px;left:7053.4px;letter-spacing:-0.46px;white-space:nowrap">growth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8998.92px;left:7666.47px;letter-spacing:-0.36px;white-space:nowrap">appeared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8998.92px;left:8489.96px;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:8998.92px;left:8706.5px;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:8998.92px;left:8966.6px;letter-spacing:0px;white-space:nowrap">slowing.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8998.92px;left:9676.51px;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:8998.92px;left:10030.02px;letter-spacing:-0.46px;white-space:nowrap">strong
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9214.92px;left:0px;white-space:nowrap">labor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9214.92px;left:463.13px;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:9214.92px;left:1066.3px;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:9214.92px;left:1419.82px;white-space:nowrap">wage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9214.92px;left:1903.3px;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:9214.92px;left:2376.69px;white-space:nowrap">helped
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9214.92px;left:2990.13px;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:9214.92px;left:3653.42px;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:9214.92px;left:3796.88px;letter-spacing:-0.4px;white-space:nowrap">measure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9214.92px;left:4527.13px;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:9214.92px;left:4737.19px;letter-spacing:-0.29px;white-space:nowrap">resilience
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9214.92px;left:5537.1px;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:9214.92px;left:5753.64px;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:9214.92px;left:6063.59px;letter-spacing:0px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9214.92px;left:6437.27px;white-space:nowrap">economy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9214.92px;left:7227.82px;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:9214.92px;left:7421.14px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9214.92px;left:7871.5px;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:9214.92px;left:8225.02px;white-space:nowrap">early
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9214.92px;left:8658.27px;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:9214.92px;left:9158.67px;letter-spacing:0px;white-space:nowrap">even
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9214.92px;left:9595.71px;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:9214.92px;left:9815.85px;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:9214.92px;left:10125.81px;letter-spacing:0px;white-space:nowrap">Fed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9430.92px;left:0px;white-space:nowrap">sought
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9430.92px;left:603.35px;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:9430.92px;left:819.89px;white-space:nowrap">soften
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9430.92px;left:1366.54px;white-space:nowrap">job
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9430.92px;left:1676.49px;letter-spacing:-0.46px;white-space:nowrap">growth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9430.92px;left:2289.56px;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:9430.92px;left:2506.1px;white-space:nowrap">help
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9430.92px;left:2909.48px;white-space:nowrap">curb
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9430.92px;left:3316.09px;text-rendering:optimizeLegibility;white-space:nowrap">inflation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9430.92px;left:4009.26px;letter-spacing:-0.65px;white-space:nowrap">pressures.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9934.92px;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:9934.92px;left:353.52px;letter-spacing:-0.54px;white-space:nowrap">broad
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9934.92px;left:880.19px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9934.92px;left:1703.5px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9934.92px;left:2180.32px;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:9934.92px;left:2783.49px;white-space:nowrap">declined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9934.92px;left:3526.88px;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:9934.92px;left:3930.25px;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:9934.92px;left:4240.21px;letter-spacing:0px;white-space:nowrap">twelve-month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9934.92px;left:5390.04px;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:9934.92px;left:6186.16px;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:9934.92px;left:6815.97px;letter-spacing:0px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9934.92px;left:7558.64px;letter-spacing:0px;white-space:nowrap">driven
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9934.92px;left:8108.53px;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:9934.92px;left:8355.31px;letter-spacing:-0.36px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9934.92px;left:9001.5px;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:9934.92px;left:9364.55px;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:9934.92px;left:9718.07px;white-space:nowrap">economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10150.92px;left:0px;letter-spacing:-1.27px;white-space:nowrap">uncertainty.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10150.92px;left:973.25px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10150.92px;left:1803.4px;white-space:nowrap">yields
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10150.92px;left:2313.33px;letter-spacing:-0.65px;white-space:nowrap">rose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10150.92px;left:2703.39px;letter-spacing:-0.46px;white-space:nowrap">across
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10150.92px;left:3250.22px;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:10150.92px;left:3560.18px;white-space:nowrap">maturity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10150.92px;left:4266.31px;white-space:nowrap">spectrum,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10150.92px;left:5112.84px;letter-spacing:0px;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:10150.92px;left:5495.87px;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:10150.92px;left:5639.33px;letter-spacing:-0.4px;white-space:nowrap">greater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10150.92px;left:6268.96px;letter-spacing:-0.36px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10150.92px;left:6975.82px;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:10150.92px;left:7179.03px;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:10150.92px;left:7488.99px;letter-spacing:0px;white-space:nowrap">shorter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10150.92px;left:8101.88px;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:10150.92px;left:8462.06px;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:10150.92px;left:8672.11px;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:10150.92px;left:8982.07px;letter-spacing:0px;white-space:nowrap">curve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10150.92px;left:9465.55px;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:10150.92px;left:9685.68px;letter-spacing:0px;white-space:nowrap">markets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10366.92px;left:0px;white-space:nowrap">priced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10366.92px;left:559.79px;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:10366.92px;left:753.11px;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:10366.92px;left:896.57px;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:10366.92px;left:1363.3px;letter-spacing:-0.29px;white-space:nowrap">aggressive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10366.92px;left:2266.72px;white-space:nowrap">pace
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10366.92px;left:2706.99px;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:10366.92px;left:2917.05px;white-space:nowrap">monetary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10366.92px;left:3727.04px;white-space:nowrap">tightening
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10366.92px;left:4603.27px;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:10366.92px;left:4819.8px;white-space:nowrap">combat
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10366.92px;left:5479.85px;letter-spacing:0px;white-space:nowrap">persistently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10366.92px;left:6445.9px;letter-spacing:0px;white-space:nowrap">high
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10366.92px;left:6849.27px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">inflation.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10366.92px;left:7592.48px;white-space:nowrap">Although
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10366.92px;left:8385.91px;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:10366.92px;left:8695.87px;white-space:nowrap">yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10366.92px;left:9129.12px;letter-spacing:0px;white-space:nowrap">curve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10366.92px;left:9612.6px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">flattened
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10582.92px;left:0px;white-space:nowrap">overall,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10582.92px;left:633.23px;white-space:nowrap">shorter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10582.92px;left:1246.12px;white-space:nowrap">maturities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10582.92px;left:2085.44px;white-space:nowrap">still
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10582.92px;left:2401.52px;letter-spacing:0.25px;white-space:nowrap">outperformed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10582.92px;left:3574.37px;white-space:nowrap">longer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10582.92px;left:4144.25px;white-space:nowrap">maturities.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10582.92px;left:5033.61px;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:10582.92px;left:5231.25px;letter-spacing:-0.36px;white-space:nowrap">response
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10582.92px;left:6008.12px;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:10582.92px;left:6224.66px;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:10582.92px;left:6534.62px;letter-spacing:0px;white-space:nowrap">rising
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10582.92px;left:7017.55px;letter-spacing:-0.36px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10582.92px;left:7663.74px;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:10582.92px;left:8026.79px;letter-spacing:-0.27px;white-space:nowrap">environment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10582.92px;left:9083.56px;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:10582.92px;left:9437.08px;letter-spacing:0px;white-space:nowrap">heightened
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10798.92px;left: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:10798.92px;left:603.17px;letter-spacing:-1.38px;white-space:nowrap">volatility,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10798.92px;left:1352.68px;white-space:nowrap">dealers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10798.92px;left:1985.91px;letter-spacing:-0.4px;white-space:nowrap">reduced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10798.92px;left:2699.42px;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:10798.92px;left:3112.34px;white-space:nowrap">inventories
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10798.92px;left:4038.78px;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:10798.92px;left:4392.3px;white-space:nowrap">investors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10798.92px;left:5152.07px;letter-spacing:-0.32px;white-space:nowrap">increased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10798.92px;left:5968.9px;letter-spacing:-0.27px;white-space:nowrap">redemptions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10798.92px;left:7035.39px;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:10798.92px;left:7455.32px;letter-spacing:0px;white-space:nowrap">traditional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10798.92px;left:8317.86px;letter-spacing:0px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10798.92px;left:9141.17px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10798.92px;left:9617.99px;letter-spacing:0px;white-space:nowrap">mutual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11014.92px;left: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:11014.92px;left:540.18px;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:11014.92px;left:856.79px;white-space:nowrap">much
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11014.92px;left:1347.11px;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:11014.92px;left:1557.16px;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:11014.92px;left:1867.12px;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:11014.92px;left:2663.25px;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:11014.92px;left:3293.06px;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:300;position:absolute;top:11014.92px;left:3799.39px;letter-spacing:-0.4px;white-space:nowrap">spreads
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11014.92px;left:4472.76px;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:11014.92px;left:4909.44px;letter-spacing:0px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11014.92px;left:5696.03px;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:11014.92px;left:6229.18px;letter-spacing:0px;white-space:nowrap">given
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11014.92px;left:6719.32px;letter-spacing:-0.29px;white-space:nowrap">relatively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11014.92px;left:7482.33px;letter-spacing:-0.46px;white-space:nowrap">strong
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11014.92px;left:8042.12px;letter-spacing:0px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11014.92px;left:8865.43px;white-space:nowrap">fundamentals,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11230.92px;left:0px;white-space:nowrap">although
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11230.92px;left:763.37px;letter-spacing:-0.54px;white-space:nowrap">there
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11230.92px;left:1229.93px;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:11230.92px;left:1580.02px;white-space:nowrap">some
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11230.92px;left:2066.92px;white-space:nowrap">widening
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11230.92px;left:2853.51px;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:11230.92px;left:3073.65px;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:11230.92px;left:3383.61px;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:11230.92px;left:3986.78px;letter-spacing:-0.36px;white-space:nowrap">sell-off
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11230.92px;left:4569.97px;white-space:nowrap">continued.</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:34.58px;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:540px;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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:0px;letter-spacing:-5.04px;white-space:nowrap">Portfolio
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:1307.77px;letter-spacing:-5.04px;white-space:nowrap">Managers&#8217;
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:2822.12px;letter-spacing:-5.6px;white-space:nowrap">Comments</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:176.29px;left:4444.77px;letter-spacing:-4px;white-space:nowrap">(continued)
</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">6</div></div> </div>
<div style="height:667.38px;left:0px;position:absolute;top:0px;transform:translate(36.000px,81.311px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:13273.64px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.7px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:0px;white-space:nowrap">How
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:439.73px;letter-spacing:-0.65px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:909.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:1239.64px;white-space:nowrap">economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:2096.07px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:2462.72px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:3109.27px;letter-spacing:-0.25px;white-space:nowrap">environments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:4302.47px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:4505.86px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:4949.01px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:5375.6px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:5979.13px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:6309.07px;white-space:nowrap">twelve-month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:7522.24px;letter-spacing:-0.32px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:8372.37px;letter-spacing:0px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:8982.38px;letter-spacing:0px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:-2.52px;left:9572.41px;letter-spacing:0px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:213.48px;left:0px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:213.48px;left:319.67px;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:718.92px;left:0px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:718.92px;left:420.12px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:718.92px;left:810.17px;letter-spacing:-2.5px;white-space:nowrap">state&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:718.92px;left:1353.4px;white-space:nowrap">$2.1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:718.92px;left:1753.72px;white-space:nowrap">trillion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:718.92px;left:2302.89px;white-space:nowrap">economy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:718.92px;left:3093.44px;letter-spacing:-0.59px;white-space:nowrap">represents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:718.92px;left:3979.93px;white-space:nowrap">8.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:718.92px;left:4430.11px;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:718.92px;left:4640.17px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:718.92px;left:5013.84px;letter-spacing:-0.54px;white-space:nowrap">gross
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:718.92px;left:5490.48px;letter-spacing:0px;white-space:nowrap">domestic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:718.92px;left:6277.07px;letter-spacing:-0.36px;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:718.92px;left:7006.96px;letter-spacing:0px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:718.92px;left:7427.07px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:718.92px;left:7817.13px;letter-spacing:0px;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:718.92px;left:8167.22px;letter-spacing:0px;white-space:nowrap">hit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:718.92px;left:8420.3px;letter-spacing:-0.46px;white-space:nowrap">harder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:718.92px;left:8990.17px;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:718.92px;left:9393.55px;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:718.92px;left:9840.12px;letter-spacing:0px;white-space:nowrap">states
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:934.92px;left: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:934.92px;left:246.78px;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:934.92px;left:556.73px;white-space:nowrap">pandemic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:934.92px;left:1403.63px;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:934.92px;left:1757.15px;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:934.92px;left:1986.82px;letter-spacing:-0.36px;white-space:nowrap">recovery
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:934.92px;left:2720.31px;white-space:nowrap">lags
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:934.92px;left:3093.63px;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:934.92px;left:3403.58px;white-space:nowrap">nation.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:934.92px;left:4006.94px;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:934.92px;left:4257.13px;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:934.92px;left:4467.19px;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:934.92px;left:5227.14px;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:934.92px;left:5727.54px;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:934.92px;left:6037.5px;letter-spacing:-2.5px;white-space:nowrap">state&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:934.92px;left:6580.73px;letter-spacing:0px;white-space:nowrap">unemployment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:934.92px;left:7844.32px;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:934.92px;left:8207.37px;letter-spacing:0px;white-space:nowrap">stood
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:934.92px;left:8717.3px;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:934.92px;left:8920.52px;letter-spacing:0px;white-space:nowrap">4.2%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:934.92px;left:9420.74px;letter-spacing:-0.36px;white-space:nowrap">compared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1150.92px;left: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:1150.92px;left:216.54px;white-space:nowrap">3.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1150.92px;left:666.71px;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:1150.92px;left:936.53px;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:1150.92px;left:1246.48px;white-space:nowrap">nation.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1150.92px;left:1849.84px;white-space:nowrap">Despite
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1150.92px;left:2523.03px;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:1150.92px;left:2832.99px;letter-spacing:-0.19px;white-space:nowrap">pandemic-related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1150.92px;left:4302.85px;white-space:nowrap">challenges,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1150.92px;left:5256.48px;letter-spacing:0px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1150.92px;left:5676.6px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1150.92px;left:6066.65px;letter-spacing:-2.5px;white-space:nowrap">state&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1150.92px;left:6609.89px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">finances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1150.92px;left:7313.68px;letter-spacing:0px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1150.92px;left:7744.06px;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:1150.92px;left:8147.44px;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:1150.92px;left:8407.53px;letter-spacing:0px;white-space:nowrap">well,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1150.92px;left:8824.05px;letter-spacing:0px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1150.92px;left:9566.71px;letter-spacing:0px;white-space:nowrap">driven
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1150.92px;left:10116.61px;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:1366.92px;left:0px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1366.92px;left:609.83px;white-space:nowrap">assistance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1366.92px;left:1466.62px;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:1366.92px;left:1986.64px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1366.92px;left:2603.31px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1366.92px;left:3213.14px;white-space:nowrap">pandemic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1366.92px;left:4060.03px;letter-spacing:-0.46px;white-space:nowrap">relief
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1366.92px;left:4506.43px;white-space:nowrap">bills
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1366.92px;left:4872.72px;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:1366.92px;left:5226.24px;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:1366.92px;left:5516.21px;letter-spacing:-0.36px;white-space:nowrap">revenues
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1366.92px;left:6286.61px;white-space:nowrap">exceeding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1366.92px;left:7173.64px;white-space:nowrap">initial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1366.92px;left:7649.73px;letter-spacing:0px;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:1366.92px;left:8512.82px;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:1366.92px;left:8866.34px;letter-spacing:-2.5px;white-space:nowrap">state&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1366.92px;left:9409.57px;letter-spacing:0px;white-space:nowrap">general
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1366.92px;left:10066.21px;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:1582.92px;left: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:1582.92px;left:613.25px;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:1582.92px;left:856.79px;white-space:nowrap">$11.3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1582.92px;left:1357.19px;white-space:nowrap">billion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1582.92px;left:1896.82px;white-space:nowrap">surplus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1582.92px;left:2513.31px;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:1582.92px;left:2706.63px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1582.92px;left:3153.38px;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:1582.92px;left:3543.44px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1582.92px;left:3993.8px;white-space:nowrap">(April
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1582.92px;left:4470.25px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1582.92px;left:4670.41px;white-space:nowrap">2021
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1582.92px;left:5120.77px;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:1582.92px;left:5337.3px;letter-spacing:-0.54px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1582.92px;left:5884.32px;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:1582.92px;left:6184.56px;letter-spacing:0px;white-space:nowrap">2022),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1582.92px;left:6731.76px;letter-spacing:0px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1582.92px;left:7228.56px;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:1582.92px;left:7445.09px;white-space:nowrap">16.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1582.92px;left:7995.35px;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:1582.92px;left:8205.41px;letter-spacing:0px;white-space:nowrap">general
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1582.92px;left:8862.04px;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:1582.92px;left:9275.5px;letter-spacing:-0.32px;white-space:nowrap">revenues.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1582.92px;left:10095.93px;letter-spacing:0px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1798.92px;left:0px;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:1798.92px;left:390.06px;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:1798.92px;left:840.42px;white-space:nowrap">(April
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1798.92px;left:1316.87px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1798.92px;left:1517.03px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1798.92px;left:2017.42px;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:1798.92px;left:2233.96px;letter-spacing:-0.54px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1798.92px;left:2780.98px;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:1798.92px;left:3081.22px;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:1798.92px;left:3578.38px;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:1798.92px;left:3748.29px;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:1798.92px;left:4118.37px;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:1798.92px;left:4941.5px;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:1798.92px;left:5158.03px;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:1798.92px;left:5518.21px;letter-spacing:0px;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:1798.92px;left:5901.24px;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:1798.92px;left:6044.7px;letter-spacing:0px;white-space:nowrap">surplus.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1798.92px;left:6711.23px;letter-spacing:0px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1798.92px;left:7131.35px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1798.92px;left:7521.41px;letter-spacing:-2.5px;white-space:nowrap">State&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1798.92px;left:8088.04px;letter-spacing:-0.36px;white-space:nowrap">proposed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1798.92px;left:8914.77px;letter-spacing:0px;white-space:nowrap">budget
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1798.92px;left:9554.66px;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:1798.92px;left:9824.47px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1798.92px;left:10271.23px;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:2014.92px;left:0px;white-space:nowrap">2024
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2014.92px;left:450.36px;white-space:nowrap">(April
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2014.92px;left:926.81px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2014.92px;left:1126.97px;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:2014.92px;left:1627.37px;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:2014.92px;left:1843.9px;letter-spacing:-0.54px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2014.92px;left:2390.92px;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:2014.92px;left:2691.16px;white-space:nowrap">2024)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2014.92px;left:3188.32px;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:2014.92px;left:3358.24px;white-space:nowrap">3.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2014.92px;left:3808.42px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2014.92px;left:4371.63px;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:2014.92px;left:4775.01px;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:2014.92px;left:5084.96px;letter-spacing:0px;white-space:nowrap">adopted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2014.92px;left:5824.93px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2014.92px;left:6271.69px;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:2014.92px;left:6661.74px;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:2014.92px;left:7112.1px;letter-spacing:0px;white-space:nowrap">budget
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2014.92px;left:7752px;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:2014.92px;left:8105.52px;letter-spacing:0px;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:2014.92px;left:8815.61px;white-space:nowrap">several
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2014.92px;left:9425.62px;letter-spacing:-0.36px;white-space:nowrap">proposed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2014.92px;left:10252.35px;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:2230.92px;left:0px;letter-spacing:-0.29px;white-space:nowrap">increases,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2230.92px;left:833.57px;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:2230.92px;left:1247.21px;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:2230.92px;left:1467.35px;white-space:nowrap">hikes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2230.92px;left:1924.19px;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:2230.92px;left:2117.5px;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:2230.92px;left:2427.46px;letter-spacing:-0.4px;white-space:nowrap">payroll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2230.92px;left:3017.31px;white-space:nowrap">mobility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2230.92px;left:3713.54px;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:2230.92px;left:4003.51px;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:2230.92px;left:4357.03px;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:2230.92px;left:4666.99px;white-space:nowrap">state
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2230.92px;left:5106.72px;letter-spacing:-0.32px;white-space:nowrap">cigarette
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2230.92px;left:5866.31px;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:2230.92px;left:6206.33px;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:2230.92px;left:6403.97px;white-space:nowrap">April
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2230.92px;left:6833.62px;letter-spacing:0px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2230.92px;left:7334.02px;letter-spacing:-2.5px;white-space:nowrap">Moody&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2230.92px;left:8057.97px;letter-spacing:0px;white-space:nowrap">upgraded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2230.92px;left:8901.26px;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:2230.92px;left:9130.94px;letter-spacing:0px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2230.92px;left:9647.17px;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:2230.92px;left:9904.02px;letter-spacing:0px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2446.92px;left:0px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2446.92px;left:390.05px;white-space:nowrap">state
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2446.92px;left:829.79px;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:2446.92px;left:1046.32px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2446.92px;left:1413.34px;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:2446.92px;left:1946.49px;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:2446.92px;left:2366.42px;white-space:nowrap">Aa2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2446.92px;left:2783.48px;white-space:nowrap">citing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2446.92px;left:3276.49px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2446.92px;left:3696.61px;letter-spacing:-5.22px;white-space:nowrap">York&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2446.92px;left:4190.16px;letter-spacing:-0.47px;white-space:nowrap">better-than-expected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2446.92px;left:5946.4px;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:2446.92px;left:6236.38px;letter-spacing:-0.4px;white-space:nowrap">revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2446.92px;left:6930.1px;letter-spacing:0px;white-space:nowrap">collections
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2446.92px;left:7833.32px;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:2446.92px;left:8186.84px;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:2446.92px;left:8496.8px;letter-spacing:-2.5px;white-space:nowrap">state&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2446.92px;left:9040.03px;letter-spacing:0px;white-space:nowrap">agile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2446.92px;left:9479.94px;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:2662.92px;left:0px;white-space:nowrap">management.&#160;S&amp;P
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2662.92px;left:1543.85px;text-rendering:optimizeLegibility;letter-spacing:0.32px;white-space:nowrap">confirmed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2662.92px;left:2410.53px;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:2662.92px;left:2640.21px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2662.92px;left:3057.08px;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:2662.92px;left:3590.24px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2662.92px;left:4106.47px;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:2662.92px;left:4376.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2662.92px;left:4796.4px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2662.92px;left:5186.45px;letter-spacing:0px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2662.92px;left:5649.58px;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:2662.92px;left:5842.9px;white-space:nowrap">June
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2662.92px;left:6279.94px;letter-spacing:0px;white-space:nowrap">2022.&#160;New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2662.92px;left:7200.46px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2662.92px;left:7590.51px;letter-spacing:0px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2662.92px;left:8413.82px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2662.92px;left:8890.64px;white-space:nowrap">supply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2662.92px;left:9467.35px;letter-spacing:0px;white-space:nowrap">totaled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2662.92px;left:10090.32px;letter-spacing:0px;white-space:nowrap">$49.1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2878.92px;left:0px;white-space:nowrap">billion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2878.92px;left:539.63px;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:2878.92px;left:809.44px;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:2878.92px;left:1119.4px;white-space:nowrap">twelve-month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2878.92px;left:2269.22px;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:2878.92px;left:2848.99px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2878.92px;left:3419.23px;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:2878.92px;left:4179.18px;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:2878.92px;left:4479.42px;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:2878.92px;left:4979.82px;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:2878.92px;left:5123.28px;white-space:nowrap">7.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2878.92px;left:5573.46px;letter-spacing:-0.36px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2878.92px;left:6280.31px;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:2878.92px;left:6700.25px;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:2878.92px;left:7010.21px;letter-spacing:0px;white-space:nowrap">same
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2878.92px;left:7483.78px;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:2878.92px;left:8063.55px;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:2878.92px;left:8207.01px;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:2878.92px;left:8597.07px;letter-spacing:-2.07px;white-space:nowrap">earlier.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:0px;white-space:nowrap">What
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:499.85px;white-space:nowrap">key
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:846.52px;white-space:nowrap">strategies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:1733.18px;letter-spacing:-0.65px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:2203.16px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:2656.39px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:2889.48px;white-space:nowrap">manage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:3612.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:3942.64px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:4499.19px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:5102.72px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:5432.65px;white-space:nowrap">twelve-month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:6645.83px;letter-spacing:-0.32px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:7495.96px;letter-spacing:0px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:8105.96px;letter-spacing:0px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:8695.99px;letter-spacing:0px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:9502.74px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:3381.48px;left:9822.41px;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:3886.92px;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:3886.92px;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:3886.92px;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:3886.92px;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:3886.92px;left:1604.15px;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:3886.92px;left:2267.44px;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:3886.92px;left:2880.51px;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:3886.92px;left:3520.76px;white-space:nowrap">exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3886.92px;left:4180.82px;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:3886.92px;left:4600.75px;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:3886.92px;left:5027.34px;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:3886.92px;left:5640.42px;letter-spacing:0px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3886.92px;left:6250.25px;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:3886.92px;left:6603.77px;letter-spacing:0px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3886.92px;left:7023.88px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3886.92px;left:7413.94px;letter-spacing:0px;white-space:nowrap">state
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3886.92px;left:7853.67px;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:3886.92px;left:8493.92px;letter-spacing:0px;white-space:nowrap">taxes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3886.92px;left:9010.7px;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:3886.92px;left:9364.22px;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:3886.92px;left:9557.53px;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:3886.92px;left:9867.49px;letter-spacing:0px;white-space:nowrap">case
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left: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:4102.92px;left:210.06px;white-space:nowrap">NRK,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:670.31px;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:4102.92px;left:980.27px;letter-spacing:0.27px;white-space:nowrap">alternative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:1873.05px;white-space:nowrap">minimum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:2669.72px;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:4102.92px;left:2959.7px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:3490.33px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:4373.58px;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:4102.92px;left:4590.12px;letter-spacing:0px;white-space:nowrap">individuals,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:5539.97px;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:4102.92px;left:5786.74px;letter-spacing:0px;white-space:nowrap">investing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:6556.59px;letter-spacing:0px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:7299.26px;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:4102.92px;left:7492.58px;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:4102.92px;left:7636.04px;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:4102.92px;left:8375.46px;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:4102.92px;left:8585.51px;letter-spacing:0px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4102.92px;left:9408.82px;letter-spacing:0px;white-space:nowrap">obligations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:0px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:556.73px;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:4318.92px;left:803.51px;white-space:nowrap">state
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:1243.25px;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:4318.92px;left:1596.76px;white-space:nowrap">local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:2020.12px;letter-spacing:0.29px;white-space:nowrap">government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:3050.06px;white-space:nowrap">authorities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:3942.85px;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:4318.92px;left:4469.16px;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:4318.92px;left:4779.12px;letter-spacing:0px;white-space:nowrap">state
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:5218.85px;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:4318.92px;left:5428.91px;letter-spacing:0px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:5849.02px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:6239.08px;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:4318.92px;left:6455.61px;letter-spacing:0px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:7048.7px;letter-spacing:0px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:7422.38px;white-space:nowrap">territories.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4318.92px;left:8291.22px;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:4318.92px;left:8531.34px;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:4318.92px;left:8841.29px;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:4318.92px;left:9397.85px;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:4318.92px;left:9760.9px;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:4318.92px;left:10191.28px;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:4534.92px;left:0px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:593.27px;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:4534.92px;left:786.59px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:1340.08px;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:4534.92px;left:1550.14px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:2373.45px;white-space:nowrap">issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:2956.64px;white-space:nowrap">located
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:3606.61px;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:4534.92px;left:3799.93px;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:4534.92px;left:4276.38px;white-space:nowrap">states,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:4842.84px;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:4534.92px;left:5273.22px;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:4534.92px;left:5733.47px;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:4534.92px;left:6117.05px;letter-spacing:0px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:6547.43px;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:4534.92px;left:7187.68px;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:4534.92px;left:7550.74px;letter-spacing:0px;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:4534.92px;left:7720.65px;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:4534.92px;left:8037.27px;letter-spacing:0px;white-space:nowrap">exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:8697.32px;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:4534.92px;left:9117.25px;letter-spacing:0px;white-space:nowrap">state
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4534.92px;left:9556.99px;white-space:nowrap">personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;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:4750.92px;left:640.25px;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:4750.92px;left:980.27px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:1390.48px;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:4750.92px;left:1744px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:2197.6px;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:4750.92px;left:2524.48px;white-space:nowrap">leverage.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:3317.91px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:3751.35px;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:4750.92px;left:4104.87px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:4548.39px;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:4750.92px;left:4931.96px;letter-spacing:0px;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:4750.92px;left:5258.84px;white-space:nowrap">tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:5838.62px;letter-spacing:0px;white-space:nowrap">option
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:6415.15px;letter-spacing:0px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:6968.64px;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:4750.92px;left:7185.17px;letter-spacing:0px;white-space:nowrap">implement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4750.92px;left:8098.3px;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:4750.92px;left:8511.22px;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:4750.92px;left:9441.08px;white-space:nowrap">strategies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;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:4966.92px;left:466.73px;text-rendering:optimizeLegibility;letter-spacing:-1.52px;white-space:nowrap">efficiently,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:1316.87px;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:4966.92px;left:1826.98px;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:4966.92px;left:2210.56px;letter-spacing:-0.46px;white-space:nowrap">create
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:2757.21px;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:4966.92px;left:3017.31px;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:4966.92px;left:3233.84px;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:4966.92px;left:3633.98px;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:4966.92px;left:4364.06px;white-space:nowrap">leverage.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:5157.49px;letter-spacing:0px;white-space:nowrap">Leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:5947.68px;letter-spacing:0px;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:4966.92px;left:6117.6px;letter-spacing:0px;white-space:nowrap">discussed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:6947.75px;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:4966.92px;left:7141.07px;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:4966.92px;left:7607.8px;letter-spacing:0px;white-space:nowrap">detail
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:8107.48px;letter-spacing:0px;white-space:nowrap">later
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4966.92px;left:8513.73px;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:4966.92px;left:8707.05px;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:4966.92px;left:9017px;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:4966.92px;left:9477.26px;white-space:nowrap">Leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5182.92px;left: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:5182.92px;left:623.33px;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:5182.92px;left:833.39px;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:5182.92px;left:1163.14px;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:5686.92px;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:5686.92px;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:5686.92px;left:906.47px;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:5686.92px;left:1702.6px;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:5686.92px;left:2332.41px;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:5686.92px;left:2642.37px;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:5686.92px;left:3226.1px;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:5686.92px;left:3852.31px;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:5686.92px;left:4461.96px;letter-spacing:-0.36px;white-space:nowrap">remained
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5686.92px;left:5268.71px;white-space:nowrap">focused
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5686.92px;left:5952.35px;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:5686.92px;left:6209.2px;letter-spacing:0px;white-space:nowrap">pursuing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5686.92px;left:6959.08px;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:5686.92px;left:7371.99px;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:5686.92px;left:8301.86px;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:5686.92px;left:9215.16px;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:5686.92px;left:9568.68px;letter-spacing:0px;white-space:nowrap">rising
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5686.92px;left:10051.61px;letter-spacing:0px;white-space:nowrap">yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:0px;letter-spacing:-0.27px;white-space:nowrap">environment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:1056.77px;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:5902.92px;left:1629.88px;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:5902.92px;left:1959.64px;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:5902.92px;left:2755.76px;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:5902.92px;left:3335.53px;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:5902.92px;left:3685.63px;white-space:nowrap">favorable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:4482.3px;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:5902.92px;left:4752.11px;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:5902.92px;left:5062.07px;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:5902.92px;left:5599.01px;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:5902.92px;left:5815.54px;letter-spacing:-0.54px;white-space:nowrap">reset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:6258.7px;letter-spacing:0px;white-space:nowrap">embedded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:7202.25px;letter-spacing:0px;white-space:nowrap">yields
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:7712.18px;letter-spacing:0px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:8275.4px;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:5902.92px;left:8468.71px;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:5902.92px;left:8881.63px;letter-spacing:0px;white-space:nowrap">portfolios,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5902.92px;left:9747.77px;letter-spacing:0px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left: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:6118.92px;left:246.78px;white-space:nowrap">executing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:1083.59px;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:6118.92px;left:1340.45px;white-space:nowrap">tax-loss
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:1993.66px;white-space:nowrap">swap
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:2453.73px;white-space:nowrap">opportunities.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:3629.83px;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:6118.92px;left:4003.15px;white-space:nowrap">strategy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:4699.37px;white-space:nowrap">involves
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:5392.91px;white-space:nowrap">selling
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:5959.36px;letter-spacing:-0.27px;white-space:nowrap">depreciated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:6979.23px;letter-spacing:0px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:7532.72px;letter-spacing:0px;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:6118.92px;left:7915.75px;letter-spacing:0px;white-space:nowrap">lower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:8405.52px;letter-spacing:0px;white-space:nowrap">embedded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:9349.08px;letter-spacing:0px;white-space:nowrap">yields
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6118.92px;left:9859.01px;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:6334.92px;left:0px;letter-spacing:-0.36px;white-space:nowrap">reinvest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:673.19px;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:6334.92px;left:866.51px;white-space:nowrap">similarly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:1559.32px;letter-spacing:-0.27px;white-space:nowrap">structured,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:2468.84px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:3032.06px;letter-spacing:-0.19px;white-space:nowrap">income-producing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:4555.56px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:5109.05px;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:6334.92px;left:5325.59px;white-space:nowrap">support
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:5998.6px;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:6334.92px;left:6308.56px;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:6334.92px;left:6892.29px;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:6334.92px;left:7532.55px;letter-spacing:0.36px;white-space:nowrap">earnings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:8269.1px;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:6334.92px;left:8622.61px;letter-spacing:-0.4px;white-space:nowrap">capture
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6334.92px;left:9279.25px;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:6334.92px;left:9569.22px;text-rendering:optimizeLegibility;letter-spacing:-0.25px;white-space:nowrap">efficiencies.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6838.92px;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:6838.92px;left:353.52px;white-space:nowrap">rising
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6838.92px;left:836.45px;letter-spacing:-0.36px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6838.92px;left:1482.64px;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:6838.92px;left:1845.69px;letter-spacing:-0.27px;white-space:nowrap">environment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6838.92px;left:2902.46px;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:6838.92px;left:3095.78px;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:6838.92px;left:3425.54px;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:6838.92px;left:4221.66px;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:6838.92px;left:4801.43px;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:6838.92px;left:5171.51px;letter-spacing:-0.36px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6838.92px;left:5944.78px;letter-spacing: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:6838.92px;left:6188.32px;letter-spacing:0px;white-space:nowrap">opportunity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6838.92px;left:7181.18px;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:6838.92px;left:7450.99px;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:6838.92px;left:7760.95px;letter-spacing:0px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6838.92px;left:8584.26px;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:6838.92px;left:9514.13px;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:6838.92px;left:9970.78px;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:6838.92px;left:10187.32px;letter-spacing:0px;white-space:nowrap">buy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7054.92px;left:0px;white-space:nowrap">lower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7054.92px;left:489.77px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7054.92px;left:962.8px;letter-spacing:-0.4px;white-space:nowrap">credits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7054.92px;left:1545.81px;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:7054.92px;left:1739.13px;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:7054.92px;left:2049.09px;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:7054.92px;left:2586.03px;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:7054.92px;left:2789.24px;letter-spacing:-0.52px;white-space:nowrap">wider-than-average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7054.92px;left:4389.07px;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:300;position:absolute;top:7054.92px;left:4895.4px;letter-spacing:-0.4px;white-space:nowrap">spreads
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7054.92px;left:5568.77px;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:7054.92px;left:5922.29px;letter-spacing:0px;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:7054.92px;left:6305.32px;letter-spacing:-0.23px;white-space:nowrap">incrementally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7054.92px;left:7421.85px;letter-spacing:0px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7054.92px;left:7985.06px;letter-spacing:0px;white-space:nowrap">yields.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7054.92px;left:8545.04px;letter-spacing:0px;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:7054.92px;left:9075.31px;white-space:nowrap">new
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7054.92px;left:9455.47px;letter-spacing:-0.32px;white-space:nowrap">purchases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7270.92px;left:0px;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:7270.92px;left:436.68px;white-space:nowrap">funded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7270.92px;left:1060.19px;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:7270.92px;left:1306.97px;white-space:nowrap">selling
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7270.92px;left:1873.42px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7270.92px;left:2436.64px;letter-spacing:-1.84px;white-space:nowrap">quality,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7270.92px;left:3056.55px;white-space:nowrap">lower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7270.92px;left:3546.32px;white-space:nowrap">yielding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7270.92px;left:4232.83px;white-space:nowrap">paper
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7270.92px;left:4756.08px;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:7270.92px;left:5119.14px;letter-spacing:0px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7270.92px;left:5472.66px;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:7270.92px;left:5932.91px;letter-spacing:0px;white-space:nowrap">bought
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7270.92px;left:6569.57px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7270.92px;left:7049.8px;letter-spacing:-0.29px;white-space:nowrap">prevailing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7270.92px;left:7886.25px;letter-spacing:-0.36px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7270.92px;left:8532.44px;letter-spacing:0px;white-space:nowrap">rates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7270.92px;left:8972.18px;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:7270.92px;left:9408.85px;letter-spacing:-2.37px;white-space:nowrap">lower.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7270.92px;left:9932.11px;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:7486.92px;left:0px;white-space:nowrap">goal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7486.92px;left:403.37px;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:7486.92px;left:613.43px;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:7486.92px;left:923.39px;white-space:nowrap">new
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7486.92px;left:1303.54px;letter-spacing:-0.32px;white-space:nowrap">purchases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7486.92px;left:2153.86px;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:7486.92px;left:2503.95px;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:7486.92px;left:2720.49px;white-space:nowrap">keep
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7486.92px;left:3167.43px;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:7486.92px;left:3477.38px;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:7486.92px;left:4014.32px;white-space:nowrap">fully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7486.92px;left:4390.88px;white-space:nowrap">invested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7486.92px;left:5117.53px;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:7486.92px;left:5471.05px;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:7486.92px;left:5687.58px;letter-spacing:0px;white-space:nowrap">hold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7486.92px;left:6097.61px;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:7486.92px;left:6241.07px;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:7486.92px;left:6707.81px;letter-spacing:0px;white-space:nowrap">liquid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7486.92px;left:7207.48px;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:7486.92px;left:8137.35px;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:7486.92px;left:8500.4px;letter-spacing:0px;white-space:nowrap">could
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7486.92px;left:8997.2px;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:7486.92px;left:9257.3px;letter-spacing:0px;white-space:nowrap">sold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7486.92px;left:9643.93px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7702.92px;left:0px;letter-spacing:-0.56px;white-space:nowrap">longer-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7702.92px;left:996.1px;white-space:nowrap">opportunities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7702.92px;left:2122.16px;letter-spacing:-0.46px;white-space:nowrap">arose.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8206.92px;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:8206.92px;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:8206.92px;left:460.25px;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:8206.92px;left:1220.2px;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:8206.92px;left:1520.44px;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:8206.92px;left:2020.84px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8206.92px;left:2474.44px;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:8206.92px;left:2827.96px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8206.92px;left:3238.18px;white-space:nowrap">continued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8206.92px;left:4094.97px;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:8206.92px;left:4311.5px;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:8206.92px;left:4638.38px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8206.92px;left:5255.05px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8206.92px;left:5914.92px;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:8206.92px;left:6277.98px;letter-spacing:0px;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:8206.92px;left:7124.33px;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:8206.92px;left:7477.84px;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:8206.92px;left:8014.78px;letter-spacing:0px;white-space:nowrap">employ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8206.92px;left:8664.93px;letter-spacing:0px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8206.92px;left:9281.61px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8206.92px;left:9941.48px;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:8422.92px;left:0px;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:8422.92px;left:846.35px;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:8422.92px;left:1356.46px;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:8422.92px;left:1656.52px;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:8422.92px;left:1966.48px;letter-spacing:-0.36px;white-space:nowrap">residual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8422.92px;left:2639.67px;letter-spacing:-0.36px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8422.92px;left:3285.86px;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:8422.92px;left:3479.18px;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:8422.92px;left:3622.64px;white-space:nowrap">tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8422.92px;left:4202.41px;white-space:nowrap">option
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8422.92px;left:4778.94px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8422.92px;left:5255.76px;letter-spacing:0px;white-space:nowrap">(TOB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8422.92px;left:5766.23px;letter-spacing:0px;white-space:nowrap">trust,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8422.92px;left:6222.34px;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:8422.92px;left:6575.86px;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:8422.92px;left:6875.92px;letter-spacing:0px;white-space:nowrap">sometimes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8422.92px;left:7795.89px;letter-spacing:-0.72px;white-space:nowrap">referred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8422.92px;left:8482.22px;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:8422.92px;left:8698.75px;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:8422.92px;left:8918.89px;white-space:nowrap">&#8220;inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8422.92px;left:9628.99px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">floaters,&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8638.92px;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:8638.92px;left:269.81px;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:8638.92px;left:413.27px;white-space:nowrap">variety
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8638.92px;left:993.04px;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:8638.92px;left:1203.1px;letter-spacing:-0.36px;white-space:nowrap">reasons,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8638.92px;left:1913.37px;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:8638.92px;left:2699.96px;white-space:nowrap">duration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8638.92px;left:3423.01px;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:8638.92px;left:4586.7px;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:8638.92px;left:5226.96px;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:8638.92px;left:5580.47px;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:8638.92px;left:5993.39px;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:8638.92px;left:6522.94px;letter-spacing:0px;white-space:nowrap">enhancement.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8638.92px;left:7716.87px;letter-spacing:0px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8638.92px;left:8150.31px;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:8638.92px;left:8503.83px;letter-spacing:0px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8638.92px;left:8947.34px;letter-spacing:0px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8638.92px;left:9300.86px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8638.92px;left:9557.72px;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:8854.92px;left:0px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8854.92px;left:743.39px;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:8854.92px;left:1316.51px;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:8854.92px;left:1626.46px;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:8854.92px;left:2422.59px;white-space:nowrap">period.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:9357.48px;left:0px;white-space:nowrap">How
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:9357.48px;left:439.73px;white-space:nowrap">did
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:9357.48px;left:766.61px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:9357.48px;left:1096.54px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:9357.48px;left:1653.09px;letter-spacing:0.4px;white-space:nowrap">perform
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:9357.48px;left:2396.11px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:9357.48px;left:2999.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:9357.48px;left:3329.57px;white-space:nowrap">twelve-month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:9357.48px;left:4542.75px;letter-spacing:-0.32px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:9357.48px;left:5392.88px;letter-spacing:0px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:9357.48px;left:6002.89px;letter-spacing:0px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:9357.48px;left:6592.92px;letter-spacing:0px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:9357.48px;left:7399.66px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:9357.48px;left:7719.33px;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:9862.92px;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:9862.92px;left:316.61px;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:9862.92px;left:626.57px;white-space:nowrap">twelve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9862.92px;left:1196.44px;white-space:nowrap">months
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9862.92px;left:1843.18px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9862.92px;left:2413.41px;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:9862.92px;left:3173.37px;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:9862.92px;left:3473.61px;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:9862.92px;left:3974px;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:9862.92px;left:4283.96px;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:9862.92px;left:4961.12px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9862.92px;left:5381.24px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9862.92px;left:5771.29px;letter-spacing:0px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9862.92px;left:6601.44px;letter-spacing:-1.65px;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:9862.92px;left:7088.34px;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:9862.92px;left:7548.6px;letter-spacing:0px;white-space:nowrap">(NNY)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9862.92px;left:8075.63px;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:9862.92px;left:8429.15px;letter-spacing:0px;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:9862.92px;left:9106.31px;letter-spacing:0px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9862.92px;left:9526.43px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9862.92px;left:9916.48px;letter-spacing:0px;white-space:nowrap">Select
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10078.92px;left:0px;letter-spacing:-2.58px;white-space:nowrap">Tax-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10078.92px;left:730.26px;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:10078.92px;left:1374.83px;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:10078.92px;left:2107.59px;white-space:nowrap">(NXN)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10078.92px;left:2644.71px;letter-spacing:0.22px;white-space:nowrap">underperformed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10078.92px;left:4020.97px;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:10078.92px;left:4330.92px;white-space:nowrap">S&amp;P
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10078.92px;left:4711.08px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10078.92px;left:5541.23px;letter-spacing:0px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10078.92px;left:6021.47px;letter-spacing:0px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10078.92px;left:6441.58px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10078.92px;left:6831.64px;letter-spacing:0px;white-space:nowrap">Index
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10078.92px;left:7326.09px;white-space:nowrap">while
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10078.92px;left:7792.65px;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:10078.92px;left:8102.6px;letter-spacing:0px;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:10078.92px;left:8779.76px;letter-spacing:0px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10078.92px;left:9199.88px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10078.92px;left:9589.93px;letter-spacing:-2.94px;white-space:nowrap">AMT-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10294.92px;left:0px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10294.92px;left:626.57px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10294.92px;left:1456.72px;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:10294.92px;left:2101.3px;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:10294.92px;left:2561.56px;white-space:nowrap">(NRK)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10294.92px;left:3065.37px;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:10294.92px;left:3418.89px;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:10294.92px;left:4096.05px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10294.92px;left:4516.16px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10294.92px;left:4906.22px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10294.92px;left:5532.79px;letter-spacing:0px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10294.92px;left:6362.94px;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:10294.92px;left:7007.51px;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:10294.92px;left:7467.77px;letter-spacing:0px;white-space:nowrap">(NAN)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10294.92px;left:8014.97px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">significantly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10294.92px;left:9004.77px;letter-spacing:0.22px;white-space:nowrap">underperformed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10510.92px;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:10510.92px;left:309.96px;white-space:nowrap">S&amp;P
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10510.92px;left:690.11px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10510.92px;left:1520.27px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10510.92px;left:2000.5px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10510.92px;left:2420.62px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10510.92px;left:2810.67px;white-space:nowrap">Index.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10510.92px;left:3355.17px;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:10510.92px;left:3671.78px;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:10510.92px;left:3981.74px;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:10510.92px;left:4771.75px;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:10510.92px;left:4981.81px;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:10510.92px;left:5311.56px;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:10510.92px;left:6381.46px;letter-spacing:-1.38px;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:10510.92px;left:7505.01px;letter-spacing:-0.59px;white-space:nowrap">references
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10510.92px;left:8385.21px;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:10510.92px;left:8601.74px;letter-spacing:-0.36px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10510.92px;left:9234.79px;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:10510.92px;left:10311.36px;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:10726.92px;left: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:10726.92px;left:193.32px;white-space:nowrap">comparison
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10726.92px;left:1180.06px;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:10726.92px;left:1396.6px;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:10726.92px;left:1706.56px;white-space:nowrap">S&amp;P
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10726.92px;left:2086.71px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10726.92px;left:2916.86px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10726.92px;left:3397.1px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10726.92px;left:3817.22px;letter-spacing:-3.31px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10726.92px;left:4207.27px;white-space:nowrap">Index.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11230.92px;left:0px;white-space:nowrap">NAN
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11230.92px;left:453.6px;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:11230.92px;left:807.12px;letter-spacing:-3.33px;white-space:nowrap">NRK&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11230.92px;left:1320.83px;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:11230.92px;left:1647.71px;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:11230.92px;left:1857.77px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11230.92px;left:2601.16px;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:11230.92px;left:3284.43px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11230.92px;left:3901.11px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11230.92px;left:4560.97px;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:11230.92px;left:4924.03px;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:11230.92px;left:5720.34px;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:11230.92px;left:6073.85px;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:11230.92px;left:6383.81px;letter-spacing:0px;white-space:nowrap">issuance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11230.92px;left:7110.83px;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:11230.92px;left:7320.88px;letter-spacing:-0.65px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11230.92px;left:8117.19px;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:11230.92px;left:8670.69px;white-space:nowrap">detracted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11230.92px;left:9500.3px;text-rendering:optimizeLegibility;white-space:nowrap">significantly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11446.92px;left:0px;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:11446.92px;left:419.93px;letter-spacing:-0.36px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11446.92px;left:1052.98px;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:11446.92px;left:2129.55px;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:11446.92px;left:2702.66px;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:11446.92px;left:3012.62px;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:11446.92px;left:3808.75px;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:11446.92px;left:4438.56px;letter-spacing:-1.84px;white-space:nowrap">However,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11446.92px;left:5235.41px;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:11446.92px;left:5545.36px;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:11446.92px;left:6129.1px;letter-spacing:0px;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:11446.92px;left:6455.98px;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:11446.92px;left:6666.03px;letter-spacing:0px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11446.92px;left:7409.43px;letter-spacing:0px;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:11446.92px;left:7759.52px;letter-spacing:-0.32px;white-space:nowrap">accretive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11446.92px;left:8522.89px;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:11446.92px;left:8739.43px;letter-spacing:0px;white-space:nowrap">overall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11446.92px;left:9322.62px;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:11446.92px;left:10079.69px;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:11662.92px;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:12166.92px;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:12166.92px;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:12166.92px;left:937.25px;letter-spacing:-0.62px;white-space:nowrap">longer-duration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12166.92px;left:2230.18px;white-space:nowrap">positioning
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12166.92px;left:3179.84px;letter-spacing:-0.36px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12166.92px;left:3812.89px;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:12166.92px;left:4029.43px;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:12166.92px;left:4442.34px;white-space:nowrap">benchmark
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12166.92px;left:5382.65px;letter-spacing:0px;white-space:nowrap">indexes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12166.92px;left:6049.54px;letter-spacing:0px;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:12166.92px;left:6399.64px;letter-spacing:0px;white-space:nowrap">one
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12166.92px;left:6756.58px;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:12166.92px;left:6966.63px;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:12166.92px;left:7276.59px;letter-spacing:0px;white-space:nowrap">primary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12166.92px;left:7932.86px;letter-spacing:0px;white-space:nowrap">detractors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12166.92px;left:8795.58px;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:12166.92px;left:9215.52px;letter-spacing:-0.25px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12382.92px;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;font-weight:300;position:absolute;top:12382.92px;left:1076.56px;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:12382.92px;left:1346.38px;white-space:nowrap">NAN,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12382.92px;left:1850.02px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12382.92px;left:2260.23px;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:12382.92px;left:2613.75px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12382.92px;left:3047.19px;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:12382.92px;left:3400.71px;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:12382.92px;left:3750.8px;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:12382.92px;left:4060.76px;white-space:nowrap">primary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12382.92px;left:4717.03px;letter-spacing:-0.36px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12382.92px;left:5350.08px;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:12382.92px;left:6426.64px;letter-spacing:0px;white-space:nowrap">detractor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12382.92px;left:7212.69px;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:12382.92px;left:7482.5px;white-space:nowrap">NXN.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12382.92px;left:7976.06px;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:12382.92px;left:8329.58px;letter-spacing:0px;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:12382.92px;left:9072.97px;white-space:nowrap">impact
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12382.92px;left:9669.48px;letter-spacing:0px;white-space:nowrap">came
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12598.92px;left:0px;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:12598.92px;left:419.93px;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:12598.92px;left:729.89px;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:12598.92px;left:1313.63px;white-space:nowrap">overweight
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12598.92px;left:2260.05px;white-space:nowrap">allocations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12598.92px;left:3163.28px;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:12598.92px;left:3379.81px;letter-spacing:-0.62px;white-space:nowrap">longer-duration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12598.92px;left:4672.73px;letter-spacing:0px;white-space:nowrap">bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12598.92px;left:5276.27px;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:12598.92px;left:5786.38px;letter-spacing:0.22px;white-space:nowrap">underperformed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12598.92px;left:7162.64px;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:12598.92px;left:7355.96px;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:12598.92px;left:7665.92px;letter-spacing:0px;white-space:nowrap">rising
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12598.92px;left:8148.85px;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:12598.92px;left:8511.9px;letter-spacing:-0.25px;white-space:nowrap">environment,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12598.92px;left:9618.71px;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:12598.92px;left:9972.23px;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:12814.92px;left:0px;letter-spacing:-0.23px;white-space:nowrap">corresponding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12814.92px;left:1216.6px;white-space:nowrap">underweights
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12814.92px;left:2356.35px;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:12814.92px;left:2572.89px;letter-spacing:-0.58px;white-space:nowrap">shorter-duration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12814.92px;left:3908.82px;white-space:nowrap">bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:12814.92px;left:4512.36px;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:12814.92px;left:5022.47px;letter-spacing:0.23px;white-space:nowrap">outperformed. </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="height:667.16px;left:0px;position:absolute;top:0px;transform:translate(36.000px,81.536px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:13273.64px;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;letter-spacing:-1.18px;white-space:nowrap">Additionally,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:1046.5px;letter-spacing:-0.36px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:1679.55px;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:0px;left:2756.12px;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:0px;left:2949.44px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:3403.03px;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:0px;left:3756.55px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:4166.77px;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:4516.86px;letter-spacing:0px;white-space:nowrap">dampened
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:5443.86px;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:0px;left:5690.63px;white-space:nowrap">overweight
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:6637.06px;letter-spacing:0px;white-space:nowrap">allocations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:7540.29px;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:7756.82px;letter-spacing:0px;white-space:nowrap">lower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:8246.59px;letter-spacing:0px;white-space:nowrap">rated,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:8769.66px;letter-spacing:0px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:9332.88px;white-space:nowrap">yielding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:10019.39px;letter-spacing:0px;white-space:nowrap">bonds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:216px;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:216px;left:316.61px;letter-spacing:-4.43px;white-space:nowrap">NNY,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:216px;left:777.96px;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:300;position:absolute;top:216px;left:1284.29px;white-space:nowrap">quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:216px;left:1870.72px;white-space:nowrap">positioning
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:216px;left:2820.38px;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:216px;left:3170.48px;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:216px;left:3480.44px;letter-spacing:-0.4px;white-space:nowrap">largest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:216px;left:4070.11px;white-space:nowrap">detractor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:216px;left:4856.15px;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:216px;left:5276.09px;letter-spacing:-0.36px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:216px;left:5909.14px;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:216px;left:6985.7px;letter-spacing:0px;white-space:nowrap">given
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:216px;left:7475.84px;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:216px;left:7705.51px;white-space:nowrap">overweight
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:216px;left:8651.94px;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:216px;left:8868.47px;letter-spacing:0px;white-space:nowrap">lower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:216px;left:9358.24px;letter-spacing:0px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:216px;left:9831.28px;letter-spacing:0px;white-space:nowrap">bonds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:432px;left:0px;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:300;position:absolute;top:432px;left:546.29px;letter-spacing:-0.4px;white-space:nowrap">spreads
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:432px;left:1219.67px;white-space:nowrap">widened
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:432px;left:1963.06px;white-space:nowrap">modestly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:432px;left:2749.65px;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:432px;left:3103.17px;white-space:nowrap">lower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:432px;left:3592.94px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:432px;left:4065.97px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:432px;left:4619.46px;letter-spacing:0.22px;white-space:nowrap">underperformed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:432px;left:5995.72px;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:432px;left:6305.68px;letter-spacing:0px;white-space:nowrap">highest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:432px;left:6945.57px;letter-spacing:0px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:432px;left:7461.8px;letter-spacing:0px;white-space:nowrap">segments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:432px;left:8288.54px;letter-spacing:0px;white-space:nowrap">amid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:432px;left:8738.53px;letter-spacing:0px;white-space:nowrap">elevated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:432px;left:9481.92px;white-space:nowrap">technical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:648px;left:0px;white-space:nowrap">selling
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:648px;left:566.45px;letter-spacing:-0.72px;white-space:nowrap">pressure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:648px;left:1293.11px;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:648px;left:1486.43px;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:648px;left:1816.18px;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:648px;left:2612.31px;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:1152px;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:1152px;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:1152px;left:906.47px;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:1152px;left:1702.6px;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:1152px;left:2332.41px;letter-spacing:-0.54px;white-space:nowrap">there
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1152px;left:2798.96px;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:1152px;left:3235.64px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1152px;left:3492.5px;white-space:nowrap">material
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1152px;left:4188.73px;letter-spacing:0px;white-space:nowrap">contributors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1152px;left:5208.05px;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:1152px;left:5571.1px;letter-spacing:-0.46px;white-space:nowrap">offset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1152px;left:6067.71px;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:1152px;left:6377.67px;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:1152px;left:6961.41px;letter-spacing:0.19px;white-space:nowrap">underperformance.</div></div> </div>
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:199.27px;left:0px;position:absolute;top:0px;transform:translate(35.999px,553.744px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:532.80px">

 <div style="width:10627.2px;height:3824px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.75px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:80px;letter-spacing:-1.28px;white-space:nowrap">This
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:415.67px;letter-spacing:-1.42px;white-space:nowrap">material
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:1059.18px;letter-spacing:-1.07px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:1214.37px;letter-spacing:-1.2px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:1507.01px;letter-spacing:-1.42px;white-space:nowrap">intended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:2212.75px;letter-spacing:-1.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:2415.15px;letter-spacing:-1.07px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:2650.34px;letter-spacing:-0.8px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:2780.42px;letter-spacing:-1.69px;white-space:nowrap">recommendation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:4071.76px;letter-spacing:-1.07px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:4274.15px;letter-spacing:-1.45px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:5130.62px;letter-spacing:-1.4px;white-space:nowrap">advice,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:5692.85px;letter-spacing:-1.28px;white-space:nowrap">does
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:6093.48px;letter-spacing:-1.2px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:6386.11px;letter-spacing:-1.45px;white-space:nowrap">constitute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:7165.46px;letter-spacing:-0.8px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:7295.53px;letter-spacing:-1.48px;white-space:nowrap">solicitation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:8134.07px;letter-spacing:-1.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:8336.47px;letter-spacing:-4.22px;white-space:nowrap">buy,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:8684.14px;letter-spacing:-1.28px;white-space:nowrap">sell
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:8969.57px;letter-spacing:-1.07px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:9171.97px;letter-spacing:-1.28px;white-space:nowrap">hold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:9543.16px;letter-spacing:-0.8px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:9673.24px;letter-spacing:-1.42px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:37.76px;left:10287.15px;letter-spacing:-0.53px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:80px;letter-spacing:-1.07px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:300.31px;letter-spacing:-1.45px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:1156.78px;letter-spacing:-2.91px;white-space:nowrap">strategy,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:1840.13px;letter-spacing:-1.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:2159.64px;letter-spacing:-1.07px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:2314.83px;letter-spacing:-1.2px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:2607.47px;letter-spacing:-1.74px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:3316.26px;letter-spacing:-1.07px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:3492.25px;letter-spacing:-0.8px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:3622.33px;letter-spacing:-1.44px;white-space:nowrap">fiduciary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:4294.15px;letter-spacing:-2.91px;white-space:nowrap">capacity.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:4971.9px;letter-spacing:-1.2px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:5288.38px;letter-spacing:-1.23px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:6187.4px;letter-spacing:-1.74px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:6896.18px;letter-spacing:-1.28px;white-space:nowrap">does
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:7296.81px;letter-spacing:-1.2px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:7589.45px;letter-spacing:-1.28px;white-space:nowrap">take
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:7954.72px;letter-spacing:-1.28px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:8287.35px;letter-spacing:-1.4px;white-space:nowrap">account
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:8905.58px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:9192.45px;letter-spacing:-1.42px;white-space:nowrap">specific
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:229.76px;left:9782.84px;letter-spacing:-1.31px;white-space:nowrap">objectives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:80px;letter-spacing:-1.07px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:282.39px;letter-spacing:-1.69px;white-space:nowrap">circumstances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:1344.62px;letter-spacing:-1.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:1541.09px;letter-spacing:-1.2px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:1842.85px;letter-spacing:-1.45px;white-space:nowrap">particular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:2584.11px;letter-spacing:-2.91px;white-space:nowrap">investor,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:3249.54px;letter-spacing:-1.07px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:3451.93px;letter-spacing:-1.4px;white-space:nowrap">suggest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:4076.08px;letter-spacing:-1.2px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:4377.83px;letter-spacing:-1.42px;white-space:nowrap">specific
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:4968.22px;letter-spacing:-1.37px;white-space:nowrap">course
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:5496.05px;letter-spacing:-1.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:5692.52px;letter-spacing:-1.4px;white-space:nowrap">action.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:6230.75px;letter-spacing:-1.45px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:7090.09px;letter-spacing:-1.44px;white-space:nowrap">decisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:7805.92px;letter-spacing:-1.37px;white-space:nowrap">should
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:8336.79px;letter-spacing:-1.07px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:8571.98px;letter-spacing:-1.28px;white-space:nowrap">made
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:9029.09px;letter-spacing:-1.33px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:9517.24px;letter-spacing:-1.07px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:421.76px;left:9749.24px;letter-spacing:-0.53px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:613.76px;left:80px;letter-spacing:-2.53px;white-space:nowrap">investor&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:613.76px;left:817.74px;letter-spacing:-1.45px;white-space:nowrap">objectives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:613.76px;left:1606.21px;letter-spacing:-1.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:613.76px;left:1925.72px;letter-spacing:-1.69px;white-space:nowrap">circumstances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:613.76px;left:2987.94px;letter-spacing:-1.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:613.76px;left:3307.46px;letter-spacing:-1.07px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:613.76px;left:3483.45px;letter-spacing:-1.48px;white-space:nowrap">consultation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:613.76px;left:4422.47px;letter-spacing:-1.28px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:613.76px;left:4784.86px;letter-spacing:-1.2px;white-space:nowrap">his
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:613.76px;left:5030.3px;letter-spacing:-1.07px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:613.76px;left:5232.69px;letter-spacing:-1.2px;white-space:nowrap">her
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:613.76px;left:5519.57px;letter-spacing:-1.42px;white-space:nowrap">advisors.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:80px;letter-spacing:-1.4px;white-space:nowrap">Certain
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:659.83px;letter-spacing:-1.45px;white-space:nowrap">statements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:1519.01px;letter-spacing:-1.07px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:1695.01px;letter-spacing:-1.28px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:2001.08px;letter-spacing:-1.78px;white-space:nowrap">report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:2511.31px;letter-spacing:-1.92px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:2789.39px;letter-spacing:-1.58px;white-space:nowrap">forward-looking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:4008.08px;letter-spacing:-1.47px;white-space:nowrap">statements.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:4913.02px;letter-spacing:-1.47px;white-space:nowrap">Discussions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:5788.36px;letter-spacing:-1.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:5984.83px;letter-spacing:-1.42px;white-space:nowrap">specific
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:6575.22px;letter-spacing:-1.47px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:7501.12px;letter-spacing:-1.92px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:7779.2px;letter-spacing:-1.2px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:8036.31px;letter-spacing:-1.48px;white-space:nowrap">illustration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:8854.21px;letter-spacing:-1.28px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:9207.65px;letter-spacing:-1.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:9527.16px;letter-spacing:-1.92px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:895.76px;left:9805.23px;letter-spacing:-0.8px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1087.76px;left:80px;letter-spacing:-1.42px;white-space:nowrap">intended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1087.76px;left:785.75px;letter-spacing:-1.07px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1087.76px;left:985.26px;letter-spacing:-1.68px;white-space:nowrap">recommendations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1087.76px;left:2346.04px;letter-spacing:-1.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1087.76px;left:2542.51px;letter-spacing:-1.45px;white-space:nowrap">individual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1087.76px;left:3292.9px;letter-spacing:-1.48px;white-space:nowrap">investments.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1087.76px;left:4264.56px;letter-spacing:-1.2px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1087.76px;left:4581.03px;letter-spacing:-1.58px;white-space:nowrap">forward-looking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1087.76px;left:5799.73px;letter-spacing:-1.45px;white-space:nowrap">statements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1087.76px;left:6658.91px;letter-spacing:-1.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1087.76px;left:6978.42px;letter-spacing:-1.33px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1087.76px;left:7421.93px;letter-spacing:-1.33px;white-space:nowrap">views
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1087.76px;left:7874.56px;letter-spacing:-1.73px;white-space:nowrap">expressed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1087.76px;left:8670.39px;letter-spacing:-1.78px;white-space:nowrap">herein
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1087.76px;left:9174.86px;letter-spacing:-1.92px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1087.76px;left:9452.93px;letter-spacing:-1.33px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1087.76px;left:9905.24px;letter-spacing:-1.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1087.76px;left:10101.72px;letter-spacing:-0.8px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:80px;letter-spacing:-1.44px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:768.94px;letter-spacing:-1.4px;white-space:nowrap">manager
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:1461.25px;letter-spacing:-1.07px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:1660.77px;letter-spacing:-1.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:1857.24px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:2144.11px;letter-spacing:-1.28px;white-space:nowrap">date
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:2524.27px;letter-spacing:-1.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:2720.74px;letter-spacing:-1.28px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:3026.81px;letter-spacing:-1.76px;white-space:nowrap">report.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:3582.8px;letter-spacing:-1.37px;white-space:nowrap">Actual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:4093.19px;letter-spacing:-1.78px;white-space:nowrap">future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:4582.78px;letter-spacing:-1.76px;white-space:nowrap">results
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:5106.29px;letter-spacing:-1.07px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:5308.68px;letter-spacing:-1.71px;white-space:nowrap">occurrences
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:6225.79px;letter-spacing:-1.2px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:6574.9px;letter-spacing:-1.78px;white-space:nowrap">differ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:7017.29px;letter-spacing:-1.49px;white-space:nowrap">significantly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:7928.8px;letter-spacing:-1.86px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:8320.63px;letter-spacing:-1.33px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:8772.94px;letter-spacing:-1.47px;white-space:nowrap">anticipated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:9643px;letter-spacing:-1.07px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1279.76px;left:9819px;letter-spacing:-0.8px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:80px;letter-spacing:-1.58px;white-space:nowrap">forward-looking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:1298.69px;letter-spacing:-1.47px;white-space:nowrap">statements,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:2203.64px;letter-spacing:-1.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:2523.15px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:2810.02px;letter-spacing:-1.33px;white-space:nowrap">views
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:3262.65px;letter-spacing:-1.73px;white-space:nowrap">expressed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:4058.48px;letter-spacing:-1.78px;white-space:nowrap">herein
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:4562.95px;letter-spacing:-1.92px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:4841.02px;letter-spacing:-1.4px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:5412.05px;letter-spacing:-1.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:5614.45px;letter-spacing:-1.37px;white-space:nowrap">change
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:6189.96px;letter-spacing:-1.07px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:6380.67px;letter-spacing:-1.2px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:6682.42px;letter-spacing:-1.33px;white-space:nowrap">time,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:7102.42px;letter-spacing:-1.2px;white-space:nowrap">due
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:7427.85px;letter-spacing:-1.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:7630.25px;letter-spacing:-1.74px;white-space:nowrap">numerous
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:8397.75px;letter-spacing:-1.37px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:8961.26px;letter-spacing:-1.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:9280.78px;letter-spacing:-1.33px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1471.76px;left:9724.29px;letter-spacing:-1.24px;white-space:nowrap">factors.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1663.76px;left:80px;letter-spacing:-1.2px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1663.76px;left:396.47px;letter-spacing:-1.28px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1663.76px;left:812.15px;letter-spacing:-1.44px;white-space:nowrap">disclaims
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1663.76px;left:1513.41px;letter-spacing:-1.2px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1663.76px;left:1815.17px;letter-spacing:-1.45px;white-space:nowrap">obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1663.76px;left:2606.51px;letter-spacing:-1.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1663.76px;left:2808.9px;letter-spacing:-1.37px;white-space:nowrap">update
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1663.76px;left:3378.49px;letter-spacing:-1.42px;white-space:nowrap">publicly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1663.76px;left:3989.84px;letter-spacing:-1.07px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1663.76px;left:4192.24px;letter-spacing:-1.78px;white-space:nowrap">revise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1663.76px;left:4667.11px;letter-spacing:-1.2px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1663.76px;left:4968.86px;letter-spacing:-1.58px;white-space:nowrap">forward-looking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1663.76px;left:6187.56px;letter-spacing:-1.45px;white-space:nowrap">statements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1663.76px;left:7046.74px;letter-spacing:-1.07px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1663.76px;left:7249.13px;letter-spacing:-1.33px;white-space:nowrap">views
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1663.76px;left:7701.77px;letter-spacing:-1.73px;white-space:nowrap">expressed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1663.76px;left:8497.59px;letter-spacing:-1.56px;white-space:nowrap">herein.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:80px;letter-spacing:-1.2px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:372.63px;letter-spacing:-1.44px;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:1017.74px;letter-spacing:-1.73px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:1757.41px;letter-spacing:-1.44px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:2523.31px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:2810.18px;letter-spacing:-1.4px;white-space:nowrap">ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:3360.41px;letter-spacing:-1.44px;white-space:nowrap">disclosed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:4085.19px;letter-spacing:-1.92px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:4363.27px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:4650.14px;letter-spacing:-1.4px;white-space:nowrap">highest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:5235.89px;letter-spacing:-1.37px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:5716.68px;letter-spacing:-1.33px;white-space:nowrap">given
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:6163.55px;letter-spacing:-1.07px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:6389.95px;letter-spacing:-1.2px;white-space:nowrap">one
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:6712.18px;letter-spacing:-1.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:6908.65px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:7195.53px;letter-spacing:-1.44px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:7923.19px;letter-spacing:-1.42px;white-space:nowrap">national
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:8554.7px;letter-spacing:-1.37px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:9035.49px;letter-spacing:-1.44px;white-space:nowrap">agencies:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1945.76px;left:9766.19px;letter-spacing:-1.56px;white-space:nowrap">Standard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:80px;letter-spacing:-0.8px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:242.72px;letter-spacing:-3.06px;white-space:nowrap">Poor&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:740.63px;letter-spacing:-1.81px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:1252.46px;letter-spacing:-1.37px;white-space:nowrap">(S&amp;P),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:1738.85px;letter-spacing:-2.88px;white-space:nowrap">Moody&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:2407.16px;letter-spacing:-1.44px;white-space:nowrap">Investors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:3113.86px;letter-spacing:-1.42px;white-space:nowrap">Service,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:3733.69px;letter-spacing:-1.28px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:4033.85px;letter-spacing:-2.62px;white-space:nowrap">(Moody&#8217;s)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:4793.67px;letter-spacing:-1.07px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:4996.07px;letter-spacing:-1.37px;white-space:nowrap">Fitch,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:5444.22px;letter-spacing:-1.28px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:5744.37px;letter-spacing:-1.42px;white-space:nowrap">(Fitch).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:6284.04px;letter-spacing:-1.28px;white-space:nowrap">This
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:6619.71px;letter-spacing:-1.73px;white-space:nowrap">treatment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:7397.78px;letter-spacing:-1.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:7594.25px;letter-spacing:-1.33px;white-space:nowrap">split-rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:8393.11px;letter-spacing:-1.45px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:9125.26px;letter-spacing:-1.2px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:9474.37px;letter-spacing:-1.78px;white-space:nowrap">differ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2137.76px;left:9916.76px;letter-spacing:-1.54px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:80px;letter-spacing:-1.28px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:421.59px;letter-spacing:-1.28px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:816.46px;letter-spacing:-1.2px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:1073.58px;letter-spacing:-1.33px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:1517.09px;letter-spacing:-1.44px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:2282.99px;letter-spacing:-1.28px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:2654.18px;letter-spacing:-1.07px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:2853.69px;letter-spacing:-1.2px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:3110.81px;letter-spacing:-1.28px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:3526.48px;letter-spacing:-1.45px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:4382.94px;letter-spacing:-1.44px;white-space:nowrap">policies.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:5024.85px;letter-spacing:-1.78px;white-space:nowrap">Credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:5526.44px;letter-spacing:-1.4px;white-space:nowrap">ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:6076.67px;letter-spacing:-1.92px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:6354.75px;letter-spacing:-1.4px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:6925.77px;letter-spacing:-1.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:7128.17px;letter-spacing:-1.4px;white-space:nowrap">change.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:7749.44px;letter-spacing:-1.28px;white-space:nowrap">AAA,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:8182.71px;letter-spacing:-1.2px;white-space:nowrap">AA,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:8502.06px;letter-spacing:-0.8px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:8661.73px;letter-spacing:-1.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:8981.25px;letter-spacing:-1.2px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:9333.24px;letter-spacing:-1.92px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2329.76px;left:9611.32px;letter-spacing:-1.31px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:80px;letter-spacing:-1.33px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:559.35px;letter-spacing:-1.42px;white-space:nowrap">ratings,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:1155.34px;letter-spacing:-1.33px;white-space:nowrap">while
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:1587.33px;letter-spacing:-1.2px;white-space:nowrap">BB,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:1883px;letter-spacing:-1.07px;white-space:nowrap">B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:2076.6px;letter-spacing:-1.28px;white-space:nowrap">CCC,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:2492.11px;letter-spacing:-1.2px;white-space:nowrap">CC,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:2799.63px;letter-spacing:-0.8px;white-space:nowrap">C
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:2953.39px;letter-spacing:-1.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:3272.9px;letter-spacing:-0.8px;white-space:nowrap">D
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:3438.5px;letter-spacing:-1.92px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:3716.57px;letter-spacing:-1.33px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:4213.52px;letter-spacing:-1.45px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:5069.99px;letter-spacing:-1.33px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:5549.34px;letter-spacing:-1.42px;white-space:nowrap">ratings.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:6145.32px;letter-spacing:-1.42px;white-space:nowrap">Holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:6842.11px;letter-spacing:-1.45px;white-space:nowrap">designated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:7710.57px;letter-spacing:-1.2px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:8041.93px;letter-spacing:-1.92px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:8320px;letter-spacing:-1.2px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:8612.63px;letter-spacing:-1.33px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:9053.43px;letter-spacing:-1.07px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:9279.82px;letter-spacing:-1.33px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2521.76px;left:9726.37px;letter-spacing:-1.24px;white-space:nowrap">national
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2713.76px;left:80px;letter-spacing:-1.37px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2713.76px;left:560.79px;letter-spacing:-1.42px;white-space:nowrap">agencies.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:80px;letter-spacing:-1.28px;white-space:nowrap">Bond
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:513.27px;letter-spacing:-1.44px;white-space:nowrap">insurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:1249.9px;letter-spacing:-1.45px;white-space:nowrap">guarantees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:2115.16px;letter-spacing:-1.28px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:2468.59px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:2755.46px;letter-spacing:-1.4px;white-space:nowrap">payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:3444.89px;letter-spacing:-1.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:3641.37px;letter-spacing:-1.44px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:4316.24px;letter-spacing:-1.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:4635.75px;letter-spacing:-1.74px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:5240.7px;letter-spacing:-1.07px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:5472.69px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:5759.56px;letter-spacing:-1.28px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:6189.96px;letter-spacing:-1.28px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:6632.19px;letter-spacing:-1.28px;white-space:nowrap">due,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:7003.38px;letter-spacing:-1.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:7322.89px;letter-spacing:-1.2px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:7615.53px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:7902.4px;letter-spacing:-1.33px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:8334.39px;letter-spacing:-1.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:8530.87px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:8817.74px;letter-spacing:-1.33px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2995.76px;left:9317.57px;letter-spacing:-1.33px;white-space:nowrap">themselves,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:80px;letter-spacing:-1.33px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:547.51px;letter-spacing:-1.28px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:839.03px;letter-spacing:-1.44px;white-space:nowrap">fluctuate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:1531.33px;letter-spacing:-1.28px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:1893.72px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:2180.6px;letter-spacing:-1.28px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:2610.99px;letter-spacing:-1.37px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:3174.5px;letter-spacing:-1.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:3494.01px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:3780.89px;letter-spacing:-1.44px;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:4425.99px;letter-spacing:-1.4px;white-space:nowrap">success
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:5011.58px;letter-spacing:-1.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:5208.05px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:5494.93px;letter-spacing:-1.37px;white-space:nowrap">issuer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:5960.68px;letter-spacing:-1.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:6280.19px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:6567.06px;letter-spacing:-3.38px;white-space:nowrap">insurer.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:7142.41px;letter-spacing:-1.44px;white-space:nowrap">Insurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:7881.92px;letter-spacing:-1.76px;white-space:nowrap">relates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:8420.31px;letter-spacing:-1.48px;white-space:nowrap">specifically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:9256.45px;letter-spacing:-1.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:9458.84px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:9745.72px;letter-spacing:-1.33px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3187.76px;left:10245.55px;letter-spacing:-0.53px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:80px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:366.87px;letter-spacing:-1.44px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:1055.82px;letter-spacing:-1.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:1375.33px;letter-spacing:-1.2px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:1667.96px;letter-spacing:-1.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:1870.36px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:2157.23px;letter-spacing:-1.81px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:2594.98px;letter-spacing:-1.37px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:3075.77px;letter-spacing:-1.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:3272.25px;letter-spacing:-0.8px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:3402.32px;letter-spacing:-1.33px;white-space:nowrap">Fund.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:3863.75px;letter-spacing:-1.07px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:4131.27px;letter-spacing:-1.88px;white-space:nowrap">representation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:5253.97px;letter-spacing:-1.07px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:5409.16px;letter-spacing:-1.28px;white-space:nowrap">made
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:5866.28px;letter-spacing:-1.07px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:6065.79px;letter-spacing:-1.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:6268.18px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:6555.06px;letter-spacing:-1.73px;white-space:nowrap">insurers&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:7214.56px;letter-spacing:-1.4px;white-space:nowrap">ability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:7705.91px;letter-spacing:-1.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:7908.31px;letter-spacing:-1.28px;white-space:nowrap">meet
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:8332.78px;letter-spacing:-1.33px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3379.76px;left:8720.29px;letter-spacing:-1.47px;white-space:nowrap">commitments.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:80px;letter-spacing:-1.33px;white-space:nowrap">Refer
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:520.79px;letter-spacing:-1.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:723.19px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:1010.06px;letter-spacing:-1.42px;white-space:nowrap">Glossary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:1679.97px;letter-spacing:-1.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:1876.44px;letter-spacing:-3.81px;white-space:nowrap">Terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:2355.47px;letter-spacing:-1.28px;white-space:nowrap">Used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:2774.02px;letter-spacing:-1.07px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:2950.02px;letter-spacing:-1.28px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:3256.09px;letter-spacing:-1.37px;white-space:nowrap">Report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:3807.76px;letter-spacing:-1.2px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:4064.87px;letter-spacing:-1.4px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:4617.98px;letter-spacing:-1.45px;white-space:nowrap">definition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:5365px;letter-spacing:-1.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:5561.48px;letter-spacing:-1.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:5848.35px;letter-spacing:-0.85px;white-space:nowrap">terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:6315.54px;letter-spacing:-1.28px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:6710.41px;letter-spacing:-1.37px;white-space:nowrap">within
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:7203.04px;letter-spacing:-1.28px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:3661.76px;left:7509.11px;letter-spacing:-1.4px;white-space:nowrap">section.</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: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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:1418.44px;white-space:nowrap">Leverage</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11484 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:1439.04px;left:10295.73px;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:1631.04px;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:1631.04px;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:1631.04px;left:960.31px;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:1519.99px;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:2148.3px;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:1631.04px;left:2320.14px;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:2687.17px;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:1631.04px;left:2962.69px;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:3368.61px;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:1631.04px;left:3789.56px;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:3919.8px;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:1631.04px;left:4195.32px;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:1631.04px;left:4903.15px;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:5569.86px;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:6177.21px;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:1631.04px;left:6452.73px;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:6743.29px;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:1631.04px;left:6930.01px;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:7590.8px;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:8219.12px;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:1631.04px;left:8390.95px;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:8856.39px;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:9140.71px;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:1631.04px;left:9415.9px;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:1631.04px;left:9744.86px;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: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:1823.04px;left:127.52px;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:1324.46px;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:1780.46px;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:2343.49px;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:1823.04px;left:2515.33px;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:1823.04px;left:2882.36px;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:3157.88px;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:1823.04px;left:3563.8px;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:1823.04px;left:3984.75px;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:4114.99px;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:1823.04px;left:4390.51px;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:1823.04px;left:5098.34px;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:1823.04px;left:5765.05px;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:1823.04px;left:6372.4px;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:7033.2px;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:7596.23px;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:1823.04px;left:7768.07px;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:8233.51px;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:8464.54px;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:8757.66px;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:1823.04px;left:9032.85px;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:9462.77px;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:1823.04px;left:9738.29px;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:1823.04px;left:10271.88px;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:0px;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:470.71px;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:2015.04px;left:1427.66px;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:1842.53px;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:2491.33px;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:2015.04px;left:2849.88px;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: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:2735.04px;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:2735.04px;left:186.72px;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:977.1px;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:1551.49px;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:1986.85px;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:2437.08px;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:2735.04px;left:2804.6px;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:3465.39px;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:4176.91px;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:2735.04px;left:4443.63px;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:4944.26px;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:5302.82px;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:2735.04px;left:5669.85px;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:6051.6px;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:6398.32px;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:6804.23px;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:7465.02px;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:8401.34px;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:9133.33px;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:2735.04px;left:9325.8px;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:2735.04px;left:9915.4px;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: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">NAN
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3263.04px;left:403.2px;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:3263.04px;left:717.44px;white-space:nowrap">NRK&#39;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:1191.83px;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:1482.39px;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:3263.04px;left:1669.11px;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:2329.9px;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:3263.04px;left:3209.73px;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:3947.16px;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:3263.04px;left:4320.43px;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:4883.14px;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:3263.04px;left:5840.09px;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:3263.04px;left:6349.52px;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:3263.04px;left:6625.04px;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:7332.71px;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:3263.04px;left:7892.54px;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:3263.04px;left:8600.85px;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:3263.04px;left:8876.37px;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:3263.04px;left:9395.24px;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:9685.8px;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:3263.04px;left:9872.52px;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:3455.04px;left:0px;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:3455.04px;left:311.2px;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:3455.04px;left:989.75px;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:3455.04px;left:1182.22px;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:3455.04px;left:1700.62px;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:3455.04px;left:2373.57px;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:3455.04px;left:2797.4px;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:3791.04px;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:3791.04px;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:3791.04px;left:409.11px;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:3791.04px;left:1084.63px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3791.04px;left:1351.51px;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:3791.04px;left:1796.31px;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:3791.04px;left:2071.82px;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:3791.04px;left:2590.7px;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:3791.04px;left:3518.21px;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:3791.04px;left:3704.93px;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:3791.04px;left:4365.72px;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:3791.04px;left:4632.44px;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:3791.04px;left:4828.12px;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:3791.04px;left:5329.07px;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:3791.04px;left:5500.91px;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:3791.04px;left:5776.43px;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:3791.04px;left:6861.38px;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:4926.92px;left:0px;white-space:nowrap">*
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4926.92px;left:248.96px;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:4926.92px;left:903.83px;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:4926.92px;left:1564.62px;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:4926.92px;left:1715.66px;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:4926.92px;left:1843.18px;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:4926.92px;left:2344.3px;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:4926.92px;left:2993.25px;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:4926.92px;left:3734.36px;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:4926.92px;left:4439.63px;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:4926.92px;left:4753.87px;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:4926.92px;left:5385.07px;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:4926.92px;left:5764.26px;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:4926.92px;left:6534.33px;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:4926.92px;left:7195.12px;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:4926.92px;left:7509.36px;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:4926.92px;left:7784.88px;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:4926.92px;left:8445.67px;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:4926.92px;left:8958.31px;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:4926.92px;left:9145.02px;letter-spacing:-0.36px;white-space:nowrap">reverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4926.92px;left:9705.02px;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:5118.92px;left:0px;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:5118.92px;left:933.43px;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:5118.92px;left:1460.63px;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:5118.92px;left:2201.09px;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:5118.92px;left:2515.33px;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:5118.92px;left:2938.85px;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:5118.92px;left:3833.55px;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:5118.92px;left:4005.39px;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:5118.92px;left:4132.91px;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:5118.92px;left:4634.03px;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:5118.92px;left:5291.29px;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:5118.92px;left:5614.01px;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:5118.92px;left:6242.32px;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:5118.92px;left:6517.84px;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:5118.92px;left:7018.96px;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:5118.92px;left:7845.51px;letter-spacing:-0.29px;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:5118.92px;left:8589.5px;letter-spacing:-1.6px;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:5118.92px;left:9315.26px;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:5118.92px;left:9590.77px;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:5310.92px;left:0px;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:5310.92px;left:512.63px;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:5310.92px;left:699.35px;letter-spacing:-2.54px;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:5310.92px;left:1235.67px;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:5310.92px;left:1786.7px;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:5310.92px;left:2213.57px;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:5310.92px;left:2667.33px;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:5310.92px;left:3215.48px;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:5310.92px;left:3718.99px;white-space:nowrap">holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5310.92px;left:4376.75px;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:5310.92px;left:4643.46px;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:5310.92px;left:5304.26px;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:5310.92px;left:5476.1px;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:5310.92px;left:6125.05px;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:5310.92px;left:6785.84px;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:5310.92px;left:7319.44px;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:5310.92px;left:7491.28px;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:5310.92px;left:8128.07px;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:5310.92px;left:8320.54px;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:5310.92px;left:8614.14px;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:5310.92px;left:9384.21px;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:5502.92px;left:0px;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:5502.92px;left:814.71px;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:5502.92px;left:1475.5px;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:5502.92px;left:2076.93px;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:5502.92px;left:2263.65px;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:5502.92px;left:2971.48px;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:5502.92px;left:3463.48px;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:5502.92px;left:3958.35px;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:5502.92px;left:4150.83px;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:5502.92px;left:4994.97px;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:5502.92px;left:5181.69px;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:5502.92px;left:5309.21px;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:5502.92px;left:5762.81px;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:5502.92px;left:6145.04px;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:5502.92px;left:6331.76px;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:5502.92px;left:6764.39px;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:5502.92px;left:7031.11px;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:5502.92px;left:7362.63px;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:5502.92px;left:7549.34px;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:5502.92px;left:7676.86px;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:5502.92px;left:8177.98px;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:5502.92px;left:8693.33px;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:5502.92px;left:9404.04px;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:5502.92px;left:9558.28px;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:5694.92px;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:5694.92px;left:681.75px;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:5694.92px;left:1022.71px;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:5694.92px;left:1395.98px;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:5694.92px;left:1757.26px;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:5694.92px;left:1949.73px;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:5694.92px;left:2311.01px;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:5694.92px;left:2861.88px;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:5694.92px;left:3090.2px;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:5694.92px;left:3217.71px;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:5694.92px;left:3842.66px;white-space:nowrap">transient
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5694.92px;left:4502.97px;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:5694.92px;left:4902.97px;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:5694.92px;left:5074.81px;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:5694.92px;left:5910.64px;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:5694.92px;left:6251.11px;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:5694.92px;left:6455.27px;white-space:nowrap">day-to-day
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5694.92px;left:7270.13px;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:5694.92px;left:8120.36px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5694.92px;left:8780.51px;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:5694.92px;left:8952.35px;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:5694.92px;left:9788.18px;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:5694.92px;left:10128.65px;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:5886.92px;left:0px;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:5886.92px;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:5886.92px;left:601.59px;white-space:nowrap">settle
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5886.92px;left:1036.79px;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:5886.92px;left:1694.05px;white-space:nowrap">trades.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5886.92px;left:2227.16px;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:5886.92px;left:2615.64px;white-space:nowrap">incidental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5886.92px;left:3353.23px;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:5886.92px;left:4197.38px;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:5886.92px;left:4464.1px;white-space:nowrap">excluded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5886.92px;left:5163.61px;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:5886.92px;left:5536.88px;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:5886.92px;left:5812.4px;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:5886.92px;left:6618.31px;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:5886.92px;left:6805.03px;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:5886.92px;left:6932.55px;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:5886.92px;left:7433.66px;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:5886.92px;left:8082.62px;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:5886.92px;left:8743.41px;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:5886.92px;left:9154.92px;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:5886.92px;left:9969.63px;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:6078.92px;left:0px;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:6078.92px;left:151.04px;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:6078.92px;left:707.99px;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:6078.92px;left:900.47px;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:6078.92px;left:1306.38px;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:6078.92px;left:2011.81px;white-space:nowrap">limits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6078.92px;left:2429.08px;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:6078.92px;left:2683.8px;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:6078.92px;left:3065.71px;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:6078.92px;left:3237.55px;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:6078.92px;left:3513.07px;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:6078.92px;left:4343.46px;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:6078.92px;left:5078.65px;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:6078.92px;left:5363.13px;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:6078.92px;left:5549.84px;white-space:nowrap">1940.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:6413.64px;left:0px;white-space:nowrap">THE
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:6413.64px;left:355.52px;white-space:nowrap">FUNDS&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:6413.64px;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:160px;font-weight:900;position:absolute;top:6413.64px;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:6750.92px;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:6750.92px;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:6750.92px;left:409.11px;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:6750.92px;left:1084.63px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6750.92px;left:1351.51px;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:6750.92px;left:1796.31px;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:6750.92px;left:2071.82px;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:6750.92px;left:2770.85px;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:6750.92px;left:3248.13px;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:6750.92px;left:3630.69px;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:6750.92px;left:4125.56px;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:6750.92px;left:4439.8px;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:6750.92px;left:5337.39px;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:6750.92px;left:6045.22px;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:6750.92px;left:6537.22px;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:6750.92px;left:6732.9px;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:6750.92px;left:7233.85px;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:6750.92px;left:7405.69px;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:6750.92px;left:7681.21px;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:6750.92px;left:8766.15px;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:6750.92px;left:9216.39px;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:6750.92px;left:9438.79px;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:6750.92px;left:10233.02px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6942.92px;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:6942.92px;left:314.24px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6942.92px;left:708.48px;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:6942.92px;left:986.87px;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:6942.92px;left:1268.31px;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:6942.92px;left:1558.87px;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:6942.92px;left:2328.94px;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:9191.76px;left:0px;white-space:nowrap">*
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9191.76px;left:204.48px;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:9191.76px;left:906.39px;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:9191.76px;left:1398.39px;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:9191.76px;left:1585.1px;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:9191.76px;left:1860.62px;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:9191.76px;left:2269.74px;white-space:nowrap">featuring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9191.76px;left:2953.89px;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:9191.76px;left:3081.41px;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:9191.76px;left:3667.96px;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:9191.76px;left:3990.67px;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:9191.76px;left:4660.27px;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:9191.76px;left:5140.42px;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:9191.76px;left:5368.74px;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:9191.76px;left:5496.26px;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:9191.76px;left:6612.89px;letter-spacing:0.36px;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:9191.76px;left:7202.31px;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:9191.76px;left:7394.79px;letter-spacing:-0.41px;white-space:nowrap">spread
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9191.76px;left:7925.19px;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:9191.76px;left:8117.66px;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:9191.76px;left:8334.14px;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:9191.76px;left:8769.82px;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:9191.76px;left:9137.01px;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:9191.76px;left:9772.05px;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:9383.76px;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:9383.76px;left:699.03px;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:9383.76px;left:1406.86px;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:9383.76px;left:1898.85px;letter-spacing:-4.08px;white-space:nowrap">AMTP,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9383.76px;left:2399.17px;letter-spacing:-4.08px;white-space:nowrap">iMTP,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9383.76px;left:2828.13px;white-space:nowrap">MFP-VRM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9383.76px;left:3584.12px;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:9383.76px;left:3898.36px;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:9383.76px;left:4345.87px;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:9383.76px;left:4517.71px;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:9383.76px;left:5074.82px;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:9383.76px;left:5439.3px;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:9383.76px;left:5952.26px;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:9383.76px;left:6429.37px;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:9383.76px;left:7258.96px;white-space:nowrap">See
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9383.76px;left:7570.32px;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:9383.76px;left:8044.4px;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:9383.76px;left:8236.87px;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:9383.76px;left:8906.63px;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:9383.76px;left:9753.82px;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:9383.76px;left:9993.65px;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:9575.76px;left:0px;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:9911.76px;left:0px;white-space:nowrap">**
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9911.76px;left:186.56px;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:9911.76px;left:888.47px;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:9911.76px;left:1380.46px;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:9911.76px;left:1567.18px;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:9911.76px;left:1842.7px;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:9911.76px;left:2251.82px;white-space:nowrap">featuring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9911.76px;left:2935.97px;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:9911.76px;left:3522.52px;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:9911.76px;left:3845.23px;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:9911.76px;left:4582.98px;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:9911.76px;left:4837.7px;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:9911.76px;left:5057.06px;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:9911.76px;left:5184.58px;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:9911.76px;left:6085.05px;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:9911.76px;left:6541.36px;white-space:nowrap">via
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9911.76px;left:6784.4px;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:9911.76px;left:6911.92px;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:9911.76px;left:7456.87px;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:9911.76px;left:8401.82px;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:9911.76px;left:9036.86px;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:9911.76px;left:9312.37px;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:10103.76px;left:0px;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:10103.76px;left:707.83px;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:10103.76px;left:1199.83px;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:10103.76px;left:1647.34px;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:10103.76px;left:1928.78px;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:10103.76px;left:2100.62px;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:10103.76px;left:2657.73px;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:10103.76px;left:3022.21px;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:10103.76px;left:3535.16px;white-space:nowrap">MFP-VRRM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10103.76px;left:4386.04px;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:10103.76px;left:4700.27px;white-space:nowrap">MFP-VRDM,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10103.76px;left:5619.31px;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:10103.76px;left:6096.42px;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:10103.76px;left:6926.01px;white-space:nowrap">See
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10103.76px;left:7237.37px;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:10103.76px;left:7711.45px;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:10103.76px;left:7903.92px;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:10103.76px;left:8573.68px;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:10103.76px;left:9420.87px;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:10103.76px;left:9660.7px;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:10295.76px;left:0px;white-space:nowrap">details.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4176px;left:5937.76px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4176px;left:7402.88px;letter-spacing:-0.64px;white-space:nowrap">NRK</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4176px;left:8831.2px;letter-spacing:-1.28px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4176px;left:10261.92px;white-space:nowrap">NXN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4376.96px;left:0px;letter-spacing:-0.29px;white-space:nowrap">Effective
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4376.96px;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:4374.12px;left:1331.67px;white-space:nowrap">*
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4376.96px;left:5761.13px;white-space:nowrap">40.36%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4376.96px;left:7201.13px;white-space:nowrap">40.45%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4376.96px;left:8733.93px;white-space:nowrap">0.00%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4376.96px;left:10173.93px;white-space:nowrap">0.00%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4577.92px;left:0px;letter-spacing:-0.32px;white-space:nowrap">Regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4577.92px;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:4575.08px;left:1501.42px;white-space:nowrap">*
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4577.92px;left:5761.13px;white-space:nowrap">36.36%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4577.92px;left:7201.13px;white-space:nowrap">39.27%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4577.92px;left:8733.93px;white-space:nowrap">0.00%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4577.92px;left:10173.93px;white-space:nowrap">0.00%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7519.88px;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:160px;font-weight:bold;position:absolute;top:7519.88px;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:160px;font-weight:bold;position:absolute;top:7711.88px;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:160px;font-weight:bold;position:absolute;top:7327.88px;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:160px;font-weight:bold;position:absolute;top:7327.88px;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:160px;font-weight:bold;position:absolute;top:7519.88px;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:160px;font-weight:bold;position:absolute;top:7711.88px;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:160px;font-weight:bold;position:absolute;top:8296.84px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7912.84px;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:160px;font-weight:bold;position:absolute;top:7912.84px;left:7246.41px;white-space:nowrap">Issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8104.84px;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:160px;font-weight:bold;position:absolute;top:8104.84px;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:160px;font-weight:bold;position:absolute;top:8296.84px;left:6912px;letter-spacing:-1.26px;white-space:nowrap">Preference</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7912.84px;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:160px;font-weight:bold;position:absolute;top:7912.84px;left:8686.41px;white-space:nowrap">Issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8104.84px;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:160px;font-weight:bold;position:absolute;top:8104.84px;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:160px;font-weight:bold;position:absolute;top:8296.84px;left:8352px;letter-spacing:-1.26px;white-space:nowrap">Preference</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8296.84px;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:160px;position:absolute;top:8497.8px;left:0px;white-space:nowrap">NAN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8497.8px;left:6736.02px;white-space:nowrap">$127,000,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8497.8px;left:8268.82px;white-space:nowrap">$89,000,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8497.8px;left:9616.02px;white-space:nowrap">$216,000,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8698.76px;left:0px;letter-spacing:-0.64px;white-space:nowrap">NRK</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8698.76px;left:7483.2px;white-space:nowrap">&#160;&#160;$
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8698.76px;left:7696px;white-space:nowrap">-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8698.76px;left:8176.02px;white-space:nowrap">$663,800,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8698.76px;left:9616.02px;white-space:nowrap">$663,800,000</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: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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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: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: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,[encoded data, 38960 characters])">
</div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11948 characters]);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:200px;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:200px;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:200px;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:200px;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">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:411.12px;left:6848.54px;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:411.12px;left:7148.78px;letter-spacing:0px;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:8136.26px;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:8720px;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:9682.44px;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:10182.47px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7114.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7330.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7546.72px;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:7762.72px;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:7762.72px;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:7762.72px;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:7762.72px;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:7762.72px;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:7762.72px;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:7762.72px;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:7762.72px;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:7762.72px;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:7762.72px;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:7762.72px;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:7762.72px;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:7762.72px;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:7762.72px;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:7762.72px;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:7762.72px;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:7762.72px;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:7762.72px;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:7762.72px;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:7762.72px;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:7978.72px;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:7978.72px;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:7978.72px;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:7978.72px;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:7978.72px;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:7978.72px;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:7978.72px;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:7978.72px;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:7978.72px;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:7978.72px;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:7978.72px;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:7978.72px;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:7978.72px;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:7978.72px;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:7978.72px;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:7978.72px;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:7978.72px;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:7978.72px;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:8194.72px;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:8194.72px;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:8194.72px;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:8194.72px;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:8194.72px;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:8194.72px;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:8194.72px;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:8194.72px;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:8194.72px;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:8194.72px;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:8194.72px;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:8194.72px;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:8194.72px;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:8194.72px;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:8194.72px;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:8410.72px;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:8410.72px;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:8410.72px;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:8410.72px;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:8410.72px;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:8410.72px;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:8410.72px;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:8410.72px;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:8410.72px;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:8410.72px;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:8410.72px;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:8410.72px;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:8410.72px;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:8410.72px;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:8410.72px;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:8410.72px;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:8410.72px;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:8410.72px;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:8410.72px;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:8410.72px;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:8626.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9022.72px;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:9238.72px;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:9238.72px;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:9238.72px;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:9238.72px;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:9238.72px;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:9238.72px;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:9238.72px;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:9238.72px;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:9238.72px;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:9238.72px;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:9238.72px;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:9238.72px;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:9238.72px;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:9238.72px;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:9238.72px;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:9238.72px;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:9238.72px;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:9238.72px;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:9238.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9454.72px;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:9670.72px;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:9670.72px;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:9670.72px;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:9670.72px;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:9670.72px;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:9670.72px;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:9670.72px;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:9670.72px;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:9670.72px;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:9670.72px;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:9670.72px;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:9670.72px;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:9670.72px;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:9670.72px;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:9670.72px;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:9670.72px;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:9670.72px;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:9670.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;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:9886.72px;left:9366px;letter-spacing:-0.46px;white-space:nowrap">report.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:600;position:absolute;top:10291.6px;left:0px;white-space:nowrap">NUVEEN
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:600;position:absolute;top:10291.6px;left:885.19px;white-space:nowrap">CLOSED-END
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:600;position:absolute;top:10291.6px;left:2226.18px;white-space:nowrap">FUND
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:600;position:absolute;top:10291.6px;left:2844.77px;white-space:nowrap">DISTRIBUTION
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:600;position:absolute;top:10291.6px;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:10702.72px;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:10702.72px;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:10702.72px;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:10702.72px;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:10702.72px;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:10702.72px;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:10702.72px;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:10702.72px;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:10702.72px;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:10702.72px;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:10702.72px;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:10702.72px;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:10702.72px;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:10702.72px;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:10702.72px;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:10918.72px;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:10918.72px;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:10918.72px;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:10918.72px;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:10918.72px;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:10918.72px;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:10918.72px;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:10918.72px;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:10918.72px;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:10918.72px;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:10918.72px;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:10918.72px;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:10918.72px;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:10918.72px;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:10918.72px;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:11134.72px;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:11134.72px;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:11134.72px;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:11134.72px;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:11134.72px;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:11134.72px;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:11134.72px;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:11134.72px;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:11134.72px;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:11134.72px;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:11134.72px;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:11134.72px;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:11134.72px;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:11134.72px;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:11134.72px;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:11134.72px;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:11134.72px;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:11350.72px;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:11350.72px;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:11350.72px;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:11350.72px;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:11350.72px;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:11350.72px;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:11350.72px;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:11350.72px;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:11350.72px;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:11350.72px;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:11350.72px;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:11350.72px;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:11350.72px;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:11350.72px;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:11350.72px;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:200px;font-weight:600;position:absolute;top:12151.6px;left:0px;white-space:nowrap">COMMON
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:600;position:absolute;top:12151.6px;left:1050.79px;white-space:nowrap">SHARE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:600;position:absolute;top:12151.6px;left:1750.98px;white-space:nowrap">REPURCHASES</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:1713.92px;left:6801.76px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1713.92px;left:7978.88px;letter-spacing:-0.64px;white-space:nowrap">NRK</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1713.92px;left:9119.2px;letter-spacing:-1.28px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1713.92px;left:10261.92px;white-space:nowrap">NXN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1919.88px;left:6572.81px;white-space:nowrap">$0.0485</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1919.88px;left:7724.81px;white-space:nowrap">$0.0480
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1919.88px;left:8876.81px;white-space:nowrap">$0.0230</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1919.88px;left:10028.81px;white-space:nowrap">$0.0345
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:2120.84px;left:6665.61px;white-space:nowrap">0.0485
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2120.84px;left:7817.61px;white-space:nowrap">0.0480</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2120.84px;left:8969.61px;white-space:nowrap">0.0230
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2120.84px;left:10121.61px;white-space:nowrap">0.0330</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:2321.8px;left:6665.61px;white-space:nowrap">0.0485</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2321.8px;left:7817.61px;white-space:nowrap">0.0480
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2321.8px;left:8969.61px;white-space:nowrap">0.0230</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2321.8px;left:10121.61px;white-space:nowrap">0.0330
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:2522.76px;left:6665.61px;white-space:nowrap">0.0485
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2522.76px;left:7817.61px;white-space:nowrap">0.0480</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2522.76px;left:8969.61px;white-space:nowrap">0.0230
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2522.76px;left:10121.61px;white-space:nowrap">0.0330</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:2723.72px;left:6665.61px;white-space:nowrap">0.0485</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2723.72px;left:7817.61px;white-space:nowrap">0.0480
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2723.72px;left:8969.61px;white-space:nowrap">0.0245</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2723.72px;left:10121.61px;white-space:nowrap">0.0330
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:2924.68px;left:6665.61px;white-space:nowrap">0.0485
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2924.68px;left:7817.61px;white-space:nowrap">0.0480</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2924.68px;left:8969.61px;white-space:nowrap">0.0245
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2924.68px;left:10121.61px;white-space:nowrap">0.0330</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3125.64px;left:0px;white-space:nowrap">September
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3125.64px;left:6665.61px;white-space:nowrap">0.0485</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3125.64px;left:7817.61px;white-space:nowrap">0.0480
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3125.64px;left:8969.61px;white-space:nowrap">0.0245</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3125.64px;left:10121.61px;white-space:nowrap">0.0330
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3326.6px;left:0px;white-space:nowrap">October</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3326.6px;left:6665.61px;white-space:nowrap">0.0425
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3326.6px;left:7817.61px;white-space:nowrap">0.0410</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3326.6px;left:8969.61px;white-space:nowrap">0.0260
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3326.6px;left:10121.61px;white-space:nowrap">0.0365</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3527.56px;left:0px;white-space:nowrap">November
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3527.56px;left:6665.61px;white-space:nowrap">0.0425</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3527.56px;left:7817.61px;white-space:nowrap">0.0410
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3527.56px;left:8969.61px;white-space:nowrap">0.0260</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3527.56px;left:10121.61px;white-space:nowrap">0.0365
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3728.52px;left:0px;white-space:nowrap">December</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3728.52px;left:6665.61px;white-space:nowrap">0.0425
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3728.52px;left:7817.61px;white-space:nowrap">0.0410</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3728.52px;left:8969.61px;white-space:nowrap">0.0260
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3728.52px;left:10121.61px;white-space:nowrap">0.0365</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3929.48px;left:0px;letter-spacing:-0.14px;white-space:nowrap">January
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3929.48px;left:6665.61px;white-space:nowrap">0.0375</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3929.48px;left:7817.61px;white-space:nowrap">0.0345
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3929.48px;left:8969.61px;white-space:nowrap">0.0260</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3929.48px;left:10121.61px;white-space:nowrap">0.0385
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4130.44px;left:0px;letter-spacing:-0.96px;white-space:nowrap">February</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4130.44px;left:6665.61px;white-space:nowrap">0.0375
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4130.44px;left:7817.61px;white-space:nowrap">0.0345</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4130.44px;left:8969.61px;white-space:nowrap">0.0260
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4130.44px;left:10121.61px;white-space:nowrap">0.0385</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4331.4px;left:0px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4331.4px;left:416.47px;white-space:nowrap">Distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4331.4px;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:160px;font-weight:bold;position:absolute;top:4331.4px;left:1866.86px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4331.4px;left:2188.13px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4331.4px;left:3099.96px;white-space:nowrap">Income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4331.4px;left:6572.81px;white-space:nowrap">$0.5420
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4331.4px;left:7724.81px;white-space:nowrap">$0.5280</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4331.4px;left:8876.81px;white-space:nowrap">$0.2955
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4331.4px;left:10028.81px;white-space:nowrap">$0.4190</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4872.08px;left:0px;letter-spacing:-0.64px;white-space:nowrap">Yields
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:4887.2px;left:6847.94px;white-space:nowrap">NAN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:4887.2px;left:8021.92px;letter-spacing:-0.56px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:4887.2px;left:9163.7px;letter-spacing:-1.12px;white-space:nowrap">NNY</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:4887.2px;left:10307.58px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5078.04px;left:0px;letter-spacing:-0.41px;white-space:nowrap">Market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5078.04px;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:5075.2px;left:908.15px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5078.04px;left:6717.93px;white-space:nowrap">4.25%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5078.04px;left:7869.93px;white-space:nowrap">4.02%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5078.04px;left:9021.93px;white-space:nowrap">3.75%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5078.04px;left:10173.93px;white-space:nowrap">3.80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5279px;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:160px;position:absolute;top:5279px;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:5276.16px;left:1779.82px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5279px;left:6717.93px;white-space:nowrap">8.76%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5279px;left:7869.93px;white-space:nowrap">8.33%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5279px;left:9021.93px;white-space:nowrap">7.73%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5279px;left:10173.93px;white-space:nowrap">7.86%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:81.6px;position:absolute;top:5562.48px;left:0px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5564.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5732.96px;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:5900.96px;left:288px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;left:4002.16px;letter-spacing:-0.6px;white-space:nowrap">51.7%.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:5900.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6068.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6236.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6404.96px;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:6572.96px;left:288px;white-space:nowrap">taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6572.96px;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:6572.96px;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:6572.96px;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:6572.96px;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:6572.96px;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:6572.96px;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:6572.96px;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:6572.96px;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:6572.96px;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:6572.96px;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:6572.96px;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:6572.96px;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:6572.96px;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:6572.96px;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:6572.96px;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:6572.96px;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:6572.96px;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:6572.96px;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:34.58px;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:540px;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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:0px;letter-spacing:-4.8px;white-space:nowrap">Common
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:1350.14px;letter-spacing:-4.67px;white-space:nowrap">Share
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:2232.14px;letter-spacing:-5.6px;white-space:nowrap">Information</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:176.29px;left:4067.13px;letter-spacing:-4px;white-space:nowrap">(continued)
</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">10</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12752 characters]);background-repeat:no-repeat;background-size:cover;height:691.77px;left:0px;position:absolute;top:0px;transform:translate(36.000px,56.923px) 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,2.48px) 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">During
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:596.51px;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:1216.61px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:1717.01px;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:2026.96px;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:0px;left:2610.7px;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:0px;left:3140.79px;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:0px;left:3350.85px;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:0px;left:4060.76px;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:0px;left:5117.17px;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:0px;left:5360.71px;letter-spacing:0px;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:0px;left:6440.69px;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:0px;left:6917.51px;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:0px;left:7847.75px;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:0px;left:8637.57px;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:0px;left:9357.38px;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:0px;left:9787.76px;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:0px;left:10248.02px;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:216px;left:0px;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:216px;left:930.23px;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:216px;left:1173.77px;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:216px;left:2057.03px;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:216px;left:2267.08px;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:216px;left:2527.18px;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:216px;left:2743.71px;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:216px;left:3936.92px;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:216px;left:4337.06px;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:216px;left:4547.11px;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:216px;left:4776.79px;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:216px;left:5786.57px;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:216px;left:6543.64px;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:612px;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:612px;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:612px;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:612px;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:612px;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:612px;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:612px;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:612px;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:612px;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:612px;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:612px;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:612px;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:612px;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:612px;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:612px;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:612px;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:612px;left:8676.08px;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:612px;left:8926.28px;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:612px;left:9136.33px;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:828px;left: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:828px;left:300.24px;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:828px;left:800.64px;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:828px;left:1200.96px;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:828px;left:1657.79px;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:828px;left:1967.75px;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:828px;left:2767.66px;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:828px;left:2977.72px;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:828px;left:3287.67px;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:828px;left:3871.41px;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:828px;left:4801.64px;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:828px;left:5714.95px;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:828px;left:6145.33px;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:828px;left:6605.59px;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:828px;left:6925.81px;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:828px;left:7972.49px;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:828px;left:9012.71px;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:828px;left:9366.22px;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:828px;left:9942.4px;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:1044px;left: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:1044px;left:1009.79px;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:1044px;left:1766.86px;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:1044px;left:2320.35px;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:1044px;left:2540.49px;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:1044px;left:3104.07px;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:1044px;left:3297.38px;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:1044px;left:3607.34px;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:1044px;left:4827.91px;letter-spacing:0px;white-space:nowrap">table.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:600;position:absolute;top:2467.78px;left:0px;white-space:nowrap">OTHER
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:600;position:absolute;top:2467.78px;left:729.39px;white-space:nowrap">COMMON
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:600;position:absolute;top:2467.78px;left:1780.18px;white-space:nowrap">SHARE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:600;position:absolute;top:2467.78px;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:2878.9px;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:2878.9px;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:2878.9px;left:460.25px;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:2878.9px;left:1220.2px;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:2878.9px;left:1520.44px;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:2878.9px;left:2020.84px;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:2878.9px;left:2330.8px;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:2878.9px;left:2914.54px;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:2878.9px;left:3671.61px;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:2878.9px;left:4148.43px;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:2878.9px;left:4674.92px;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:2878.9px;left:5111.6px;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:2878.9px;left:5737.8px;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:2878.9px;left:5941.02px;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:2878.9px;left:6084.48px;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:2878.9px;left:7694.56px;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:2878.9px;left:7911.1px;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:2878.9px;left:8324.01px;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:2878.9px;left:9081.08px;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:2878.9px;left:9557.9px;letter-spacing:-6.44px;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:2878.9px;left:9999.26px;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:3094.9px;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:3094.9px;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:3094.9px;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:3094.9px;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:3094.9px;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:3094.9px;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:3094.9px;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:3094.9px;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:3094.9px;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:3094.9px;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:3094.9px;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:3094.9px;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:3094.9px;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:3094.9px;left:7149.87px;letter-spacing:0px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1533.85px;left:6513.76px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1533.85px;left:7690.88px;letter-spacing:-0.64px;white-space:nowrap">NRK</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1533.85px;left:8975.2px;letter-spacing:-1.28px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1533.85px;left:10261.92px;white-space:nowrap">NXN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1788.57px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1788.57px;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:160px;position:absolute;top:1788.57px;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:160px;position:absolute;top:1788.57px;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:160px;position:absolute;top:1788.57px;left:3140.12px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1788.57px;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:160px;position:absolute;top:1788.57px;left:6284.81px;white-space:nowrap">277,714
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1788.57px;left:7436.81px;white-space:nowrap">390,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1788.57px;left:9238.4px;white-space:nowrap">0
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1788.57px;left:10534.4px;white-space:nowrap">0</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2043.3px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2043.3px;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:160px;position:absolute;top:2043.3px;left:1231.35px;white-space:nowrap">authorized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2043.3px;left:2053.25px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2043.3px;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:160px;position:absolute;top:2043.3px;left:6150.42px;white-space:nowrap">3,085,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2043.3px;left:7302.42px;white-space:nowrap">8,720,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2043.3px;left:8598.42px;white-space:nowrap">1,885,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2043.3px;left:10028.81px;white-space:nowrap">390,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3839.48px;left:6801.76px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3839.48px;left:7978.88px;letter-spacing:-0.64px;white-space:nowrap">NRK</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3839.48px;left:9119.2px;letter-spacing:-1.28px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3839.48px;left:10261.92px;white-space:nowrap">NXN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4045.44px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4045.44px;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:160px;position:absolute;top:4045.44px;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:160px;position:absolute;top:4045.44px;left:6665.61px;white-space:nowrap">$12.25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4045.44px;left:7817.61px;white-space:nowrap">$11.77</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4045.44px;left:9062.41px;white-space:nowrap">$8.88
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4045.44px;left:10121.61px;white-space:nowrap">$12.48</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4246.4px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4246.4px;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:160px;position:absolute;top:4246.4px;left:1160.31px;white-space:nowrap">price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4246.4px;left:6665.61px;white-space:nowrap">$10.60
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4246.4px;left:7817.61px;white-space:nowrap">$10.29</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4246.4px;left:9062.41px;white-space:nowrap">$8.31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4246.4px;left:10121.61px;white-space:nowrap">$12.15</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4447.36px;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:160px;position:absolute;top:4447.36px;left:1488.62px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4447.36px;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:160px;position:absolute;top:4447.36px;left:6529.13px;white-space:nowrap">(13.47)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4447.36px;left:7681.13px;white-space:nowrap">(12.57)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4447.36px;left:8925.93px;white-space:nowrap">(6.42)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4447.36px;left:10077.93px;white-space:nowrap">(2.64)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4648.32px;left:0px;letter-spacing:-0.36px;white-space:nowrap">Average
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4648.32px;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:160px;position:absolute;top:4648.32px;left:2140.29px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4648.32px;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:160px;position:absolute;top:4648.32px;left:6529.13px;white-space:nowrap">(11.21)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4648.32px;left:7681.13px;white-space:nowrap">(11.37)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4648.32px;left:8925.93px;white-space:nowrap">(5.34)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4648.32px;left:10077.93px;white-space:nowrap">(6.96)%</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(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: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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:1450.95px;letter-spacing:-5.4px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:2332.34px;letter-spacing:-5.76px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:3294.78px;letter-spacing:-6.3px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:4678.41px;letter-spacing:-6.48px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:6579.2px;letter-spacing:-6.17px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:8020.66px;letter-spacing:-5.4px;white-space:nowrap">Fund</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:356.55px;left:3309.73px;letter-spacing:-4.2px;white-space:nowrap">Holding
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:356.55px;left:4334.57px;letter-spacing:-4.32px;white-space:nowrap">Summaries
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:356.55px;left:5766.06px;letter-spacing:-4.27px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:356.55px;left:6926.96px;letter-spacing:-3.6px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:356.55px;left:7360.11px;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:76.50px">
<div style="width:1530px;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">NAN</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,[encoded data, 38960 characters])">
</div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12048 characters]);background-repeat:no-repeat;background-size:cover;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:533.00px">

 <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="height:119.00px;left:0px;position:absolute;top:0px;transform:translate(0.000px,5304.076px) 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,[encoded data, 68392 characters])">
</div> </div> <div style="height:198.00px;left:0px;position:absolute;top:0px;transform:translate(0.000px,8140.076px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:504.00px">
<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,[encoded data, 160724 characters])">
</div> </div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:55.6px;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:0px;left:577.79px;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:818.39px;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:0px;left:1162.78px;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:0px;left:1977.57px;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:0px;left:2210.97px;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:0px;left:2795.96px;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:0px;left:3307.35px;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:0px;left:3522.15px;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:0px;left:3888.55px;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:0px;left:4547.53px;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:0px;left:4847.33px;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:0px;left:5494.92px;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:0px;left:6394.7px;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:0px;left:6628.1px;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:0px;left:6972.49px;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:0px;left:7531.28px;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:0px;left:8016.68px;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:0px;left:8601.47px;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:0px;left:8967.86px;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:427.12px;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:427.12px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;left:8829.9px;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:2716.88px;left:9296.7px;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:2716.88px;left:9730.09px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:4096.88px;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:4096.88px;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:4096.88px;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:4096.88px;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:4096.88px;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:4096.88px;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:4096.88px;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:4096.88px;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:4524px;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:4524px;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:4524px;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:4524px;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:4524px;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:4524px;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:4524px;left:3839.82px;white-space:nowrap">Price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:0px;letter-spacing:-0.57px;white-space:nowrap">Growth
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:839.07px;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:7780px;left:1115.82px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:1425.35px;white-space:nowrap">Assumed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:2427.21px;white-space:nowrap">$10,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:3338.88px;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:7780px;left:4544.68px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:4825.62px;letter-spacing:0px;white-space:nowrap">of&#160;February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:6088.39px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:6479.1px;letter-spacing:0px;white-space:nowrap">2023</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:7810.56px;left:7000.06px;white-space:nowrap">&#160;-
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:7810.56px;left:7163.31px;letter-spacing:0px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:7810.56px;left:7976px;letter-spacing:-0.54px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:7810.56px;left:8502.67px;letter-spacing:0px;white-space:nowrap">Price&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:888.12px;left:8174.35px;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:888.12px;left:8642.88px;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:888.12px;left:9356.94px;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:888.12px;left:9588.77px;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:1104.12px;left:8164.09px;letter-spacing:-0.96px;white-space:nowrap">February
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1104.12px;left:8987.04px;letter-spacing:-1.35px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1104.12px;left:9313.2px;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:1320.2px;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:1320.2px;left:9050.31px;white-space:nowrap">Annual</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1536.28px;left:6506.25px;white-space:nowrap">Inception
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1728.28px;left:6875.52px;letter-spacing:-0.4px;white-space:nowrap">Date</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1728.28px;left:7699.04px;letter-spacing:-2.88px;white-space:nowrap">1-Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1728.28px;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:160px;font-weight:bold;position:absolute;top:1728.28px;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:160px;position:absolute;top:1934.24px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:396.48px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:571.04px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:1295.35px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:1750.54px;letter-spacing:-2.56px;white-space:nowrap">NAV</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:6660.81px;white-space:nowrap">5/26/99
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:7681.13px;white-space:nowrap">(12.84)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:9021.93px;white-space:nowrap">0.44%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:10173.93px;white-space:nowrap">1.82%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:0px;white-space:nowrap">NAN
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:396.48px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:571.04px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:1295.35px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:1750.54px;letter-spacing:-1.54px;white-space:nowrap">Price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:6660.81px;white-space:nowrap">5/26/99
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:7681.13px;white-space:nowrap">(15.82)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:9021.93px;white-space:nowrap">0.31%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:10173.93px;white-space:nowrap">1.15%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:0px;white-space:nowrap">S&amp;P
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:335.68px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:1090.71px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;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:160px;position:absolute;top:2336.16px;left:7147.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:7773.93px;white-space:nowrap">(4.91)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:9021.93px;white-space:nowrap">1.68%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:10173.93px;white-space:nowrap">2.13%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:0px;white-space:nowrap">S&amp;P
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:335.68px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:1090.71px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:1525.1px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:1894.38px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:2253.26px;letter-spacing:-0.19px;white-space:nowrap">Index</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:7147.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:7773.93px;white-space:nowrap">(4.99)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:9021.93px;white-space:nowrap">1.43%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:10173.93px;white-space:nowrap">2.02%</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:7111.43px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:8215.19px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:8629.83px;white-space:nowrap">2023
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:9252.99px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 13584 characters]);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">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:4043.92px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:4470.15px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:3197.92px;left:2817.21px;letter-spacing:0px;white-space:nowrap">162
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3197.92px;left:3095.61px;letter-spacing:-13.33px;white-space:nowrap">.5&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3197.92px;left:3230px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:3398.88px;left:3023.53px;white-space:nowrap">1.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3599.84px;left:0px;letter-spacing:-0.18px;white-space:nowrap">Floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3599.84px;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:160px;position:absolute;top:3599.84px;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:160px;position:absolute;top:3599.84px;left:2927.53px;white-space:nowrap">(6.8)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3800.8px;left:0px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3800.8px;left:477.75px;letter-spacing:-0.96px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3800.8px;left:1040.79px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:3800.8px;left:2905.46px;letter-spacing:-4.55px;white-space:nowrap">33</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3800.8px;left:3081.97px;letter-spacing:-16.36px;white-space:nowrap">.6&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4001.76px;left:0px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4001.76px;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:160px;position:absolute;top:4001.76px;left:1012.47px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4001.76px;left:2862.01px;letter-spacing:-4.55px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4001.76px;left:2905.46px;letter-spacing:-4.55px;white-space:nowrap">23</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4001.76px;left:3081.97px;letter-spacing:-16.36px;white-space:nowrap">.3&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4001.76px;left:3207.27px;letter-spacing:-4.55px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4001.76px;left:3250.72px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4202.72px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4202.72px;left:318.4px;white-space:nowrap">Assets</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4202.72px;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:160px;font-weight:bold;position:absolute;top:4202.72px;left:3230px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2796px;left:3622.4px;white-space:nowrap">Bond
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2796px;left:4073.75px;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:bold;position:absolute;top:2796px;left:4593.11px;white-space:nowrap">Quality</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:3197.92px;left:6645.93px;white-space:nowrap">4.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:3398.88px;left:6645.93px;white-space:nowrap">8.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:3599.84px;left:6553.13px;white-space:nowrap">41.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:3800.8px;left:6553.13px;white-space:nowrap">16.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:4001.76px;left:6553.13px;white-space:nowrap">16.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:4202.72px;left:6645.93px;white-space:nowrap">5.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:4403.67px;left:6645.93px;white-space:nowrap">8.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;font-weight:bold;position:absolute;top:4604.63px;left:6550.56px;letter-spacing:-10px;white-space:nowrap">100&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4604.63px;left:6860.64px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:3197.92px;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:160px;position:absolute;top:3197.92px;left:10175.53px;white-space:nowrap">28.5%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3398.88px;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:160px;position:absolute;top:3398.88px;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:160px;position:absolute;top:3398.88px;left:10175.53px;white-space:nowrap">20.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3599.84px;left:7244.8px;letter-spacing:-0.16px;white-space:nowrap">Education
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3599.84px;left:8019.67px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3599.84px;left:8339.99px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3791.84px;left:7244.8px;letter-spacing:-0.34px;white-space:nowrap">Organizations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3791.84px;left:10175.53px;white-space:nowrap">12.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3992.8px;left:7244.8px;white-space:nowrap">Utilities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3992.8px;left:10175.53px;white-space:nowrap">10.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4193.76px;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:160px;position:absolute;top:4193.76px;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:160px;position:absolute;top:4193.76px;left:10268.33px;white-space:nowrap">9.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4394.72px;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:160px;position:absolute;top:4394.72px;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:160px;position:absolute;top:4394.72px;left:10268.33px;white-space:nowrap">7.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4595.67px;left:7244.8px;letter-spacing:-0.21px;white-space:nowrap">Consumer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4595.67px;left:8043.19px;letter-spacing:-0.14px;white-space:nowrap">Staples</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4595.67px;left:10268.33px;white-space:nowrap">3.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4796.63px;left:7244.8px;white-space:nowrap">Other</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4796.63px;left:10268.33px;white-space:nowrap">7.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4997.59px;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:160px;font-weight:bold;position:absolute;top:4997.59px;left:10172.96px;white-space:nowrap">100%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5432.55px;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:160px;font-weight:bold;position:absolute;top:5432.55px;left:7757.27px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5432.55px;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:5429.71px;left:8877.1px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5633.51px;left:7244.8px;white-space:nowrap">(%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5633.51px;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:160px;font-weight:bold;position:absolute;top:5633.51px;left:7688.47px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5633.51px;left:8086.87px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5633.51px;left:8890.06px;white-space:nowrap">bonds)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5834.47px;left:7244.8px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5834.47px;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:160px;position:absolute;top:5834.47px;left:10175.53px;white-space:nowrap">94.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6035.43px;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:160px;position:absolute;top:6035.43px;left:7758.55px;white-space:nowrap">Rico</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6035.43px;left:10268.33px;white-space:nowrap">4.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6236.39px;left:7244.8px;white-space:nowrap">Guam</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6236.39px;left:10268.33px;white-space:nowrap">1.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6437.35px;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:160px;font-weight:bold;position:absolute;top:6437.35px;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:160px;position:absolute;top:40px;left:0px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:360px;white-space:nowrap">See
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:240.96px;left:9757.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:240.96px;left:10126.6px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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(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: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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:1450.95px;letter-spacing:-5.4px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:2332.34px;letter-spacing:-5.76px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:3294.78px;letter-spacing:-5.6px;white-space:nowrap">AMT-Free
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:5186.07px;letter-spacing:-6.3px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:6569.7px;letter-spacing:-6.48px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:8470.5px;letter-spacing:-4.8px;white-space:nowrap">In-</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:398.69px;left:0px;letter-spacing:-5.76px;white-space:nowrap">come
 </div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:398.69px;left:1046.99px;letter-spacing:-5.4px;white-space:nowrap">Fund</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:3309.73px;letter-spacing:-4.2px;white-space:nowrap">Holding
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:4334.57px;letter-spacing:-4.32px;white-space:nowrap">Summaries
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:5766.06px;letter-spacing:-4.27px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:6926.96px;letter-spacing:-3.6px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:7360.11px;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:76.50px">
<div style="width:1530px;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">NRK</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,[encoded data, 38960 characters])">
</div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12048 characters]);background-repeat:no-repeat;background-size:cover;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:533.00px">

 <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="height:119.00px;left:0px;position:absolute;top:0px;transform:translate(0.000px,5484.076px) 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,[encoded data, 68716 characters])">
</div> </div> <div style="height:198.00px;left:0px;position:absolute;top:0px;transform:translate(0.000px,8320.076px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:504.00px">
<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,[encoded data, 155580 characters])">
</div> </div> <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">Refer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:427.12px;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:427.12px;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:2896.88px;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:2896.88px;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:2896.88px;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:2896.88px;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:2896.88px;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:2896.88px;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:2896.88px;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:2896.88px;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:2896.88px;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:2896.88px;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:2896.88px;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:2896.88px;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:2896.88px;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:2896.88px;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:2896.88px;left:8829.9px;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:2896.88px;left:9296.7px;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:2896.88px;left:9730.09px;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:3316.88px;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:3316.88px;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:3316.88px;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:3316.88px;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:3316.88px;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:3316.88px;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:3316.88px;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:3316.88px;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:3316.88px;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:3316.88px;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:3316.88px;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:3316.88px;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:3316.88px;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:3316.88px;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:3316.88px;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:3316.88px;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:3556.88px;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:3556.88px;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:3556.88px;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:3556.88px;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:3556.88px;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:3556.88px;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:3556.88px;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:3556.88px;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:3556.88px;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:3556.88px;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:3556.88px;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:3556.88px;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:3556.88px;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:3556.88px;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:3556.88px;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:3556.88px;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:3556.88px;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:3556.88px;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:3556.88px;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:3556.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:3796.88px;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:4036.88px;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:4036.88px;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:4036.88px;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:4036.88px;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:4036.88px;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:4036.88px;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:4036.88px;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:4036.88px;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:4036.88px;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:4036.88px;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:4036.88px;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:4036.88px;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:4036.88px;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:4036.88px;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:4036.88px;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:4036.88px;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:4276.88px;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:4276.88px;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:4276.88px;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:4276.88px;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:4276.88px;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:4276.88px;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:4276.88px;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:4276.88px;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:4704px;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:4704px;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:4704px;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:4704px;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:4704px;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:4704px;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:4704px;left:3839.82px;white-space:nowrap">Price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7960px;left:0px;letter-spacing:-0.57px;white-space:nowrap">Growth
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7960px;left:839.07px;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:7960px;left:1115.82px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7960px;left:1425.35px;white-space:nowrap">Assumed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7960px;left:2427.21px;white-space:nowrap">$10,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7960px;left:3338.88px;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:7960px;left:4544.68px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7960px;left:4825.62px;letter-spacing:0px;white-space:nowrap">of&#160;February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7960px;left:6088.39px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7960px;left:6479.1px;letter-spacing:0px;white-space:nowrap">2023</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:7990.56px;left:7000.06px;white-space:nowrap">&#160;-
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:7990.56px;left:7163.31px;letter-spacing:0px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:7990.56px;left:7976px;letter-spacing:-0.54px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:7990.56px;left:8502.67px;letter-spacing:0px;white-space:nowrap">Price&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:888.12px;left:8174.35px;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:888.12px;left:8642.88px;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:888.12px;left:9356.94px;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:888.12px;left:9588.77px;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:1104.12px;left:8164.09px;letter-spacing:-0.96px;white-space:nowrap">February
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1104.12px;left:8987.04px;letter-spacing:-1.35px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1104.12px;left:9313.2px;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:1320.2px;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:1320.2px;left:9050.31px;white-space:nowrap">Annual</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1536.28px;left:6506.25px;white-space:nowrap">Inception
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1728.28px;left:6875.52px;letter-spacing:-0.4px;white-space:nowrap">Date</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1728.28px;left:7699.04px;letter-spacing:-2.88px;white-space:nowrap">1-Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1728.28px;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:160px;font-weight:bold;position:absolute;top:1728.28px;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:160px;position:absolute;top:1934.24px;left:0px;letter-spacing:-0.48px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:356.64px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:531.2px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:1255.51px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:1710.71px;letter-spacing:-2.56px;white-space:nowrap">NAV</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:6568.01px;white-space:nowrap">11/21/02
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:7681.13px;white-space:nowrap">(13.32)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:9021.93px;white-space:nowrap">0.42%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:10173.93px;white-space:nowrap">1.85%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:0px;letter-spacing:-0.48px;white-space:nowrap">NRK
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:356.64px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:531.2px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:1255.51px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:1710.71px;letter-spacing:-1.54px;white-space:nowrap">Price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:6568.01px;white-space:nowrap">11/21/02
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:7681.13px;white-space:nowrap">(14.87)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:9021.93px;white-space:nowrap">0.80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:10173.93px;white-space:nowrap">1.17%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:0px;white-space:nowrap">S&amp;P
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:335.68px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:1090.71px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;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:160px;position:absolute;top:2336.16px;left:7147.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:7773.93px;white-space:nowrap">(4.91)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:9021.93px;white-space:nowrap">1.68%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:10173.93px;white-space:nowrap">2.13%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:0px;white-space:nowrap">S&amp;P
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:335.68px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:1090.71px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:1525.1px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:1894.38px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:2253.26px;letter-spacing:-0.19px;white-space:nowrap">Index</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:7147.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:7773.93px;white-space:nowrap">(4.99)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:9021.93px;white-space:nowrap">1.43%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:10173.93px;white-space:nowrap">2.02%</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:7111.43px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:8215.19px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:8629.83px;white-space:nowrap">2023
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:9252.99px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 13616 characters]);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">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:4043.92px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:4470.15px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:3197.92px;left:2817.21px;letter-spacing:0px;white-space:nowrap">164
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3197.92px;left:3095.61px;letter-spacing:-13.33px;white-space:nowrap">.3&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3197.92px;left:3230px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:3398.88px;left:3023.53px;white-space:nowrap">3.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3599.84px;left:0px;letter-spacing:-0.29px;white-space:nowrap">Borrowings</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3599.84px;left:2927.53px;white-space:nowrap">(0.3)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:3800.8px;left:2927.53px;white-space:nowrap">(3.3)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:4001.76px;left:2954.81px;letter-spacing:-5.46px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4001.76px;left:2997.35px;letter-spacing:-5.46px;white-space:nowrap">7</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4001.76px;left:3084.69px;letter-spacing:-16.97px;white-space:nowrap">.8&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4001.76px;left:3208.18px;letter-spacing:-5.46px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4001.76px;left:3250.72px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:4202.72px;left:2862.01px;letter-spacing:-4.55px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4202.72px;left:2905.46px;letter-spacing:-4.55px;white-space:nowrap">56</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4202.72px;left:3081.97px;letter-spacing:-16.36px;white-space:nowrap">.7&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4202.72px;left:3207.27px;letter-spacing:-4.55px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4202.72px;left:3250.72px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:4403.67px;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:160px;font-weight:bold;position:absolute;top:4403.67px;left:3230px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2796px;left:3622.4px;white-space:nowrap">Bond
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2796px;left:4073.75px;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:bold;position:absolute;top:2796px;left:4593.11px;white-space:nowrap">Quality</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:3197.92px;left:6645.93px;white-space:nowrap">3.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:3398.88px;left:6645.93px;white-space:nowrap">8.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:3599.84px;left:6553.13px;white-space:nowrap">47.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:3800.8px;left:6553.13px;white-space:nowrap">18.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:4001.76px;left:6645.93px;white-space:nowrap">8.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:4202.72px;left:6645.93px;white-space:nowrap">3.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:4403.67px;left:6645.93px;white-space:nowrap">9.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;font-weight:bold;position:absolute;top:4604.63px;left:6550.56px;letter-spacing:-10px;white-space:nowrap">100&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4604.63px;left:6860.64px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:3197.92px;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:160px;position:absolute;top:3197.92px;left:10175.53px;white-space:nowrap">23.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3398.88px;left:7244.8px;white-space:nowrap">Utilities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3398.88px;left:10175.53px;white-space:nowrap">18.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3599.84px;left:7244.8px;letter-spacing:-0.16px;white-space:nowrap">Education
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3599.84px;left:8019.67px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3599.84px;left:8339.99px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3791.84px;left:7244.8px;letter-spacing:-0.34px;white-space:nowrap">Organizations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3791.84px;left:10175.53px;white-space:nowrap">15.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3992.8px;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:160px;position:absolute;top:3992.8px;left:10175.53px;white-space:nowrap">14.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4193.76px;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:160px;position:absolute;top:4193.76px;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:160px;position:absolute;top:4193.76px;left:10268.33px;white-space:nowrap">9.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4394.72px;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:160px;position:absolute;top:4394.72px;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:160px;position:absolute;top:4394.72px;left:10268.33px;white-space:nowrap">6.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4595.67px;left:7244.8px;letter-spacing:-0.21px;white-space:nowrap">Consumer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4595.67px;left:8043.19px;letter-spacing:-0.14px;white-space:nowrap">Staples</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4595.67px;left:10268.33px;white-space:nowrap">4.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4796.63px;left:7244.8px;white-space:nowrap">Other</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4796.63px;left:10268.33px;white-space:nowrap">6.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4997.59px;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:160px;font-weight:bold;position:absolute;top:4997.59px;left:10172.96px;white-space:nowrap">100%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5432.55px;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:160px;font-weight:bold;position:absolute;top:5432.55px;left:7757.27px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5432.55px;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:5429.71px;left:8877.1px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5633.51px;left:7244.8px;white-space:nowrap">(%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5633.51px;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:160px;font-weight:bold;position:absolute;top:5633.51px;left:7688.47px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5633.51px;left:8086.87px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5633.51px;left:8890.06px;white-space:nowrap">bonds)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5834.47px;left:7244.8px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5834.47px;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:160px;position:absolute;top:5834.47px;left:10175.53px;white-space:nowrap">94.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6035.43px;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:160px;position:absolute;top:6035.43px;left:7758.55px;white-space:nowrap">Rico</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6035.43px;left:10268.33px;white-space:nowrap">4.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6236.39px;left:7244.8px;white-space:nowrap">Guam</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6236.39px;left:10268.33px;white-space:nowrap">0.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6437.35px;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:160px;font-weight:bold;position:absolute;top:6437.35px;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:160px;position:absolute;top:40px;left:0px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:360px;white-space:nowrap">See
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:240.96px;left:9757.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:240.96px;left:10126.6px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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(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: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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:1450.95px;letter-spacing:-5.4px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:2332.34px;letter-spacing:-5.76px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:3294.78px;letter-spacing:-6.48px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:5195.57px;letter-spacing:-6px;white-space:nowrap">Value
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:6306.03px;letter-spacing:-5.4px;white-space:nowrap">Fund</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:356.55px;left:3309.73px;letter-spacing:-4.2px;white-space:nowrap">Holding
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:356.55px;left:4334.57px;letter-spacing:-4.32px;white-space:nowrap">Summaries
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:356.55px;left:5766.06px;letter-spacing:-4.27px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:356.55px;left:6926.96px;letter-spacing:-3.6px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:356.55px;left:7360.11px;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:76.50px">
<div style="width:1530px;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">NNY</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,[encoded data, 38960 characters])">
</div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12048 characters]);background-repeat:no-repeat;background-size:cover;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:533.00px">

 <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="height:119.00px;left:0px;position:absolute;top:0px;transform:translate(0.000px,5304.076px) 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,[encoded data, 72040 characters])">
</div> </div> <div style="height:198.00px;left:0px;position:absolute;top:0px;transform:translate(0.000px,8140.076px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:504.00px">
<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,[encoded data, 157684 characters])">
</div> </div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:55.6px;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:0px;left:577.79px;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:818.39px;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:0px;left:1162.78px;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:0px;left:1977.57px;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:0px;left:2210.97px;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:0px;left:2795.96px;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:0px;left:3307.35px;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:0px;left:3522.15px;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:0px;left:3888.55px;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:0px;left:4547.53px;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:0px;left:4847.33px;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:0px;left:5494.92px;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:0px;left:6394.7px;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:0px;left:6628.1px;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:0px;left:6972.49px;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:0px;left:7531.28px;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:0px;left:8016.68px;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:0px;left:8601.47px;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:0px;left:8967.86px;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:427.12px;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:427.12px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;left:8829.9px;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:2716.88px;left:9296.7px;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:2716.88px;left:9730.09px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:4096.88px;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:4096.88px;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:4096.88px;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:4096.88px;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:4096.88px;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:4096.88px;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:4096.88px;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:4096.88px;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:4524px;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:4524px;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:4524px;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:4524px;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:4524px;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:4524px;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:4524px;left:3839.82px;white-space:nowrap">Price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:0px;letter-spacing:-0.57px;white-space:nowrap">Growth
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:839.07px;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:7780px;left:1115.82px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:1425.35px;white-space:nowrap">Assumed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:2427.21px;white-space:nowrap">$10,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:3338.88px;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:7780px;left:4544.68px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:4825.62px;letter-spacing:0px;white-space:nowrap">of&#160;February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:6088.39px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:6479.1px;letter-spacing:0px;white-space:nowrap">2023</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:7810.56px;left:7000.06px;white-space:nowrap">&#160;-
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:7810.56px;left:7163.31px;letter-spacing:0px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:7810.56px;left:7976px;letter-spacing:-0.54px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:7810.56px;left:8502.67px;letter-spacing:0px;white-space:nowrap">Price&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:888.12px;left:8174.35px;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:888.12px;left:8642.88px;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:888.12px;left:9356.94px;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:888.12px;left:9588.77px;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:1104.12px;left:8164.09px;letter-spacing:-0.96px;white-space:nowrap">February
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1104.12px;left:8987.04px;letter-spacing:-1.35px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1104.12px;left:9313.2px;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:1320.2px;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:1320.2px;left:9050.31px;white-space:nowrap">Annual</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1536.28px;left:6506.25px;white-space:nowrap">Inception
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1728.28px;left:6875.52px;letter-spacing:-0.4px;white-space:nowrap">Date</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1728.28px;left:7699.04px;letter-spacing:-2.88px;white-space:nowrap">1-Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1728.28px;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:160px;font-weight:bold;position:absolute;top:1728.28px;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:160px;position:absolute;top:1934.24px;left:0px;letter-spacing:-0.96px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:376.96px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:551.52px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:1275.83px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:1731.03px;letter-spacing:-2.56px;white-space:nowrap">NAV</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:6568.01px;white-space:nowrap">10/07/87
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:7773.93px;white-space:nowrap">(6.76)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:9021.93px;white-space:nowrap">1.30%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:10173.93px;white-space:nowrap">2.05%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:0px;letter-spacing:-0.96px;white-space:nowrap">NNY
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:376.96px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:551.52px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:1275.83px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:1731.03px;letter-spacing:-1.54px;white-space:nowrap">Price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:6568.01px;white-space:nowrap">10/07/87
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:7773.93px;white-space:nowrap">(7.22)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:9021.93px;white-space:nowrap">1.23%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:10173.93px;white-space:nowrap">1.62%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:0px;white-space:nowrap">S&amp;P
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:335.68px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:1090.71px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;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:160px;position:absolute;top:2336.16px;left:7147.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:7773.93px;white-space:nowrap">(4.91)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:9021.93px;white-space:nowrap">1.68%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:10173.93px;white-space:nowrap">2.13%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:0px;white-space:nowrap">S&amp;P
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:335.68px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:1090.71px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:1525.1px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:1894.38px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:2253.26px;letter-spacing:-0.19px;white-space:nowrap">Index</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:7147.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:7773.93px;white-space:nowrap">(4.99)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:9021.93px;white-space:nowrap">1.43%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:10173.93px;white-space:nowrap">2.02%</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:7111.43px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:8215.19px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:8629.83px;white-space:nowrap">2023
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:9252.99px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 13604 characters]);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">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:4043.92px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:4470.15px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:3197.92px;left:2918.25px;letter-spacing:0px;white-space:nowrap">99
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3197.92px;left:3103.84px;letter-spacing:-13.33px;white-space:nowrap">.4&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:3398.88px;left:3023.53px;white-space:nowrap">0.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:4034.8px;left:0px;white-space:nowrap">Bond
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4034.8px;left:451.35px;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:bold;position:absolute;top:4034.8px;left:970.71px;white-space:nowrap">Quality</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:4436.72px;left:3023.53px;white-space:nowrap">1.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:4637.67px;left:2930.73px;white-space:nowrap">13.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:4838.63px;left:2930.73px;white-space:nowrap">38.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:5039.59px;left:2930.73px;white-space:nowrap">16.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:5240.55px;left:2930.73px;white-space:nowrap">17.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:5441.51px;left:3023.53px;white-space:nowrap">5.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:5642.47px;left:3023.53px;white-space:nowrap">8.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:3197.92px;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:160px;position:absolute;top:3197.92px;left:6553.13px;white-space:nowrap">21.6%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:3398.88px;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:160px;position:absolute;top:3398.88px;left:6553.13px;white-space:nowrap">17.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3599.84px;left:3622.4px;letter-spacing:-0.16px;white-space:nowrap">Education
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3599.84px;left:4397.27px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3599.84px;left:4717.59px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3791.84px;left:3622.4px;letter-spacing:-0.34px;white-space:nowrap">Organizations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3791.84px;left:6553.13px;white-space:nowrap">17.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3992.8px;left:3622.4px;white-space:nowrap">Utilities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3992.8px;left:6553.13px;white-space:nowrap">15.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4193.76px;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:160px;position:absolute;top:4193.76px;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:160px;position:absolute;top:4193.76px;left:6553.13px;white-space:nowrap">10.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4394.72px;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:160px;position:absolute;top:4394.72px;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:160px;position:absolute;top:4394.72px;left:6645.93px;white-space:nowrap">7.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4595.67px;left:3622.4px;letter-spacing:-0.21px;white-space:nowrap">Consumer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4595.67px;left:4420.79px;letter-spacing:-0.14px;white-space:nowrap">Staples</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4595.67px;left:6645.93px;white-space:nowrap">3.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4796.63px;left:3622.4px;white-space:nowrap">Other</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4796.63px;left:6645.93px;white-space:nowrap">5.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4997.59px;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:160px;font-weight:bold;position:absolute;top:4997.59px;left:6550.56px;white-space:nowrap">100%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:3197.92px;left:7244.8px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3197.92px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:3599.84px;left:10268.33px;white-space:nowrap">1.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3800.8px;left:7244.8px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3800.8px;left:7795.99px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3800.8px;left:7984.79px;letter-spacing:-0.24px;white-space:nowrap">Columbia</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3800.8px;left:10268.33px;white-space:nowrap">0.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:40px;left:0px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:360px;white-space:nowrap">See
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:240.96px;left:9757.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:240.96px;left:10126.6px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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(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: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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:1450.95px;letter-spacing:-5.4px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:2332.34px;letter-spacing:-5.76px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:3294.78px;letter-spacing:-6.17px;white-space:nowrap">Select
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:4439.34px;letter-spacing:-5.6px;white-space:nowrap">Tax-Free
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:6115.3px;letter-spacing:-6.17px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:7556.76px;letter-spacing:-6.17px;white-space:nowrap">Portfo-</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:398.69px;left:0px;letter-spacing:-4.8px;white-space:nowrap">lio
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:3309.73px;letter-spacing:-4.2px;white-space:nowrap">Holding
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:4334.57px;letter-spacing:-4.32px;white-space:nowrap">Summaries
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:5766.06px;letter-spacing:-4.27px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:6926.96px;letter-spacing:-3.6px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:7360.11px;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">17</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:76.50px">
<div style="width:1530px;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">NXN</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,[encoded data, 38960 characters])">
</div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12048 characters]);background-repeat:no-repeat;background-size:cover;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:533.00px">

 <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="height:119.00px;left:0px;position:absolute;top:0px;transform:translate(0.000px,5304.076px) 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,[encoded data, 67212 characters])">
</div> </div> <div style="height:198.00px;left:0px;position:absolute;top:0px;transform:translate(0.000px,8140.076px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:504.00px">
<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,[encoded data, 149312 characters])">
</div> </div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:55.6px;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:0px;left:577.79px;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:818.39px;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:0px;left:1162.78px;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:0px;left:1977.57px;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:0px;left:2210.97px;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:0px;left:2795.96px;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:0px;left:3307.35px;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:0px;left:3522.15px;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:0px;left:3888.55px;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:0px;left:4547.53px;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:0px;left:4847.33px;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:0px;left:5494.92px;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:0px;left:6394.7px;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:0px;left:6628.1px;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:0px;left:6972.49px;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:0px;left:7531.28px;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:0px;left:8016.68px;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:0px;left:8601.47px;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:0px;left:8967.86px;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:427.12px;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:427.12px;left:582.55px;letter-spacing:0.25px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;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:2716.88px;left:8829.9px;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:2716.88px;left:9296.7px;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:2716.88px;left:9730.09px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3136.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3376.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3616.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:3856.88px;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:4096.88px;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:4096.88px;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:4096.88px;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:4096.88px;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:4096.88px;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:4096.88px;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:4096.88px;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:4096.88px;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:4524px;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:4524px;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:4524px;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:4524px;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:4524px;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:4524px;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:4524px;left:3839.82px;white-space:nowrap">Price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:0px;letter-spacing:-0.57px;white-space:nowrap">Growth
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:839.07px;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:7780px;left:1115.82px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:1425.35px;white-space:nowrap">Assumed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:2427.21px;white-space:nowrap">$10,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:3338.88px;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:7780px;left:4544.68px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:4825.62px;letter-spacing:0px;white-space:nowrap">of&#160;February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:6088.39px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:7780px;left:6479.1px;letter-spacing:0px;white-space:nowrap">2023</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:7810.56px;left:7000.06px;white-space:nowrap">&#160;-
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:7810.56px;left:7163.31px;letter-spacing:0px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:7810.56px;left:7976px;letter-spacing:-0.54px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:7810.56px;left:8502.67px;letter-spacing:0px;white-space:nowrap">Price&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:888.12px;left:8174.35px;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:888.12px;left:8642.88px;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:888.12px;left:9356.94px;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:888.12px;left:9588.77px;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:1104.12px;left:8164.09px;letter-spacing:-0.96px;white-space:nowrap">February
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1104.12px;left:8987.04px;letter-spacing:-1.35px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1104.12px;left:9313.2px;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:1320.2px;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:1320.2px;left:9050.31px;white-space:nowrap">Annual</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1536.28px;left:6506.25px;white-space:nowrap">Inception
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1728.28px;left:6875.52px;letter-spacing:-0.4px;white-space:nowrap">Date</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1728.28px;left:7699.04px;letter-spacing:-2.88px;white-space:nowrap">1-Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1728.28px;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:160px;font-weight:bold;position:absolute;top:1728.28px;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:160px;position:absolute;top:1934.24px;left:0px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:388.32px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:562.87px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:1287.19px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:1742.38px;letter-spacing:-2.56px;white-space:nowrap">NAV</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:6660.81px;white-space:nowrap">6/19/92
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:7773.93px;white-space:nowrap">(7.14)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:9021.93px;white-space:nowrap">1.09%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1934.24px;left:10173.93px;white-space:nowrap">1.92%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:0px;white-space:nowrap">NXN
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:388.32px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:562.87px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:1287.19px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:1742.38px;letter-spacing:-1.54px;white-space:nowrap">Price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:6660.81px;white-space:nowrap">6/19/92
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:7773.93px;white-space:nowrap">(2.57)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:9021.93px;white-space:nowrap">2.41%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2135.2px;left:10173.93px;white-space:nowrap">1.82%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:0px;white-space:nowrap">S&amp;P
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:335.68px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:1090.71px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;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:160px;position:absolute;top:2336.16px;left:7147.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:7773.93px;white-space:nowrap">(4.91)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:9021.93px;white-space:nowrap">1.68%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2336.16px;left:10173.93px;white-space:nowrap">2.13%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:0px;white-space:nowrap">S&amp;P
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:335.68px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:1090.71px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:1525.1px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:1894.38px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:2253.26px;letter-spacing:-0.19px;white-space:nowrap">Index</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:7147.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:7773.93px;white-space:nowrap">(4.99)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:9021.93px;white-space:nowrap">1.43%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2537.12px;left:10173.93px;white-space:nowrap">2.02%</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: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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:7111.43px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:8215.19px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:8629.83px;white-space:nowrap">2023
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:9252.99px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 13552 characters]);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">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:4043.92px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:4470.15px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:3197.92px;left:2825.45px;letter-spacing:0px;white-space:nowrap">100
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3197.92px;left:3103.84px;letter-spacing:-13.33px;white-space:nowrap">.5&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:3398.88px;left:2927.53px;white-space:nowrap">(0.5)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:4034.8px;left:0px;white-space:nowrap">Bond
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4034.8px;left:451.35px;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:bold;position:absolute;top:4034.8px;left:970.71px;white-space:nowrap">Quality</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:4436.72px;left:3023.53px;white-space:nowrap">2.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:4637.67px;left:3023.53px;white-space:nowrap">7.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:4838.63px;left:2930.73px;white-space:nowrap">45.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:5039.59px;left:2930.73px;white-space:nowrap">12.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:5240.55px;left:2930.73px;white-space:nowrap">19.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:5441.51px;left:3023.53px;white-space:nowrap">5.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:5642.47px;left:3023.53px;white-space:nowrap">5.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:3197.92px;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:160px;position:absolute;top:3197.92px;left:6553.13px;white-space:nowrap">26.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3398.88px;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:160px;position:absolute;top:3398.88px;left:6553.13px;white-space:nowrap">24.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3599.84px;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:160px;position:absolute;top:3599.84px;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:160px;position:absolute;top:3599.84px;left:6553.13px;white-space:nowrap">11.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3800.8px;left:3622.4px;letter-spacing:-0.16px;white-space:nowrap">Education
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3800.8px;left:4397.27px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3800.8px;left:4717.59px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3992.8px;left:3622.4px;letter-spacing:-0.34px;white-space:nowrap">Organizations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3992.8px;left:6553.13px;white-space:nowrap">11.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4193.76px;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:160px;position:absolute;top:4193.76px;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:160px;position:absolute;top:4193.76px;left:6645.93px;white-space:nowrap">8.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4394.72px;left:3622.4px;white-space:nowrap">Utilities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4394.72px;left:6645.93px;white-space:nowrap">6.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4595.67px;left:3622.4px;letter-spacing:-0.21px;white-space:nowrap">Consumer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4595.67px;left:4420.79px;letter-spacing:-0.14px;white-space:nowrap">Staples</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4595.67px;left:6645.93px;white-space:nowrap">4.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4796.63px;left:3622.4px;white-space:nowrap">Other</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4796.63px;left:6645.93px;white-space:nowrap">7.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4997.59px;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:160px;font-weight:bold;position:absolute;top:4997.59px;left:6550.56px;white-space:nowrap">100%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:3197.92px;left:7244.8px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3197.92px;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:160px;position:absolute;top:3197.92px;left:10175.53px;white-space:nowrap">94.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3398.88px;left:10268.33px;white-space:nowrap">3.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:3599.84px;left:10268.33px;white-space:nowrap">2.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3800.8px;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:160px;font-weight:bold;position:absolute;top:3800.8px;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:160px;position:absolute;top:40px;left:0px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:360px;white-space:nowrap">See
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:240.96px;left:9757.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:240.96px;left:10126.6px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;letter-spacing:-8.23px;white-space:nowrap">Report
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:1773.11px;letter-spacing:-6.4px;white-space:nowrap">of
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:2360.02px;letter-spacing:-8.8px;white-space:nowrap">Independent
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:5540.6px;letter-spacing:-8.64px;white-space:nowrap">Registered</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:531.59px;left:0px;letter-spacing:-8.23px;white-space:nowrap">Public
 </div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:531.59px;left:1615.85px;letter-spacing:-8.73px;white-space:nowrap">Accounting
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:531.59px;left:4435.72px;letter-spacing:-5.76px;white-space:nowrap">Firm </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">19</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,[encoded data, 38960 characters])">
</div> </div> <div style="height:637.12px;left:0px;position:absolute;top:0px;transform:translate(36.000px,111.574px) 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,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;letter-spacing:-8.88px;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:-3.36px;left:328.55px;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:-3.36px;left:768.46px;letter-spacing:-0.33px;white-space:nowrap">Shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:2306.11px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:2794.98px;letter-spacing:-0.72px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:3537.05px;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:3838.96px;letter-spacing:-2.76px;white-space:nowrap">Trustees</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">Nuveen
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:937.66px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:1528.54px;letter-spacing:-4.42px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:2097.32px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:2982.19px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:4133.93px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:5018.07px;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:428.64px;left:5724.62px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:6662.29px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:7253.16px;letter-spacing:-4.42px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:7821.94px;letter-spacing:-3.92px;white-space:nowrap">AMT-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:8973.2px;white-space:nowrap">Quality
</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">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:1151.74px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:2035.89px;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:716.64px;left:2742.43px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:3680.1px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:4270.97px;letter-spacing:-4.42px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:4839.76px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:5991.5px;letter-spacing:-2.2px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:6676.2px;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:716.64px;left:7382.75px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:7871.62px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:8809.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:9400.16px;letter-spacing:-4.42px;white-space:nowrap">York
</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">Select
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:755.75px;letter-spacing:-3.15px;white-space:nowrap">Tax-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:1776.21px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:2660.35px;white-space:nowrap">Portfolio:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-style:italic;position:absolute;top:1419.2px;left:0px;white-space:nowrap">Opinion
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-style:italic;position:absolute;top:1419.2px;left:781.59px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-style:italic;position:absolute;top:1419.2px;left:1066.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-style:italic;position:absolute;top:1419.2px;left:1411.39px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-style:italic;position:absolute;top:1419.2px;left:2248.58px;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:1840.8px;left:0px;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:1840.8px;left:352px;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:1840.8px;left:830.2px;white-space:nowrap">audited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1840.8px;left:1570.79px;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:1840.8px;left:1915.19px;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:1840.8px;left:3271.37px;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:1840.8px;left:4304.36px;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:1840.8px;left:4537.75px;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:1840.8px;left:5130.35px;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:1840.8px;left:5523.14px;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:1840.8px;left:6355.53px;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:1840.8px;left:6588.92px;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:1840.8px;left:6933.32px;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:1840.8px;left:7529.92px;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:1840.8px;left:8066.51px;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:1840.8px;left:8281.3px;white-space:nowrap">Appendix
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1840.8px;left:9207.5px;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:1840.8px;left:9400.29px;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:1840.8px;left:9796.69px;letter-spacing:0px;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:2080.8px;left:0px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2080.8px;left:873.99px;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:2080.8px;left:1218.39px;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:2080.8px;left:2125.16px;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:2080.8px;left:2358.56px;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:2080.8px;left:3532.55px;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:2080.8px;left:3777.15px;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:2080.8px;left:4010.54px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2080.8px;left:4854.93px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2080.8px;left:5188.53px;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:2080.8px;left:5744.53px;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:2080.8px;left:6088.93px;letter-spacing:-0.45px;white-space:nowrap">related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2080.8px;left:6770.12px;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:2080.8px;left:7803.11px;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:2080.8px;left:8036.5px;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:2080.8px;left:9099.29px;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:2080.8px;left:9551.48px;text-rendering:optimizeLegibility;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:2320.8px;left: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:2320.8px;left:392.8px;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:2320.8px;left:1189.59px;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:2320.8px;left:1404.39px;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:2320.8px;left:1748.79px;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:2320.8px;left:2341.38px;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:2320.8px;left:2641.17px;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:2320.8px;left:2985.57px;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:2320.8px;left:3582.17px;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:2320.8px;left:3974.97px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2320.8px;left:4704.35px;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:2320.8px;left:5240.95px;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:2320.8px;left:5455.74px;white-space:nowrap">Appendix
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2320.8px;left:6381.93px;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:2320.8px;left:6630.33px;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:2320.8px;left:7023.13px;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:2320.8px;left:7367.53px;letter-spacing:-0.45px;white-space:nowrap">related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2320.8px;left:8048.72px;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:2320.8px;left:8596.91px;letter-spacing:-1.23px;white-space:nowrap">(collectively,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2320.8px;left:9726.69px;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:2560.8px;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:2560.8px;left:785.39px;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:2560.8px;left:1870.38px;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:2560.8px;left:2263.17px;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:2560.8px;left:2607.57px;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:2560.8px;left:3392.96px;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:2560.8px;left:4322.15px;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:2560.8px;left:4621.94px;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:2560.8px;left:4966.34px;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:2560.8px;left:5562.94px;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:2560.8px;left:5955.73px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2560.8px;left:6685.12px;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:2560.8px;left:7221.71px;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:2560.8px;left:7436.51px;white-space:nowrap">Appendix
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2560.8px;left:8362.7px;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:2560.8px;left:8611.1px;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:2560.8px;left:8830.7px;white-space:nowrap">our
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2560.8px;left:9182.49px;white-space:nowrap">opinion,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2560.8px;left:9971.48px;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:2800.8px;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:2800.8px;left:785.39px;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:2800.8px;left:1818.38px;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:2800.8px;left:2211.18px;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:2800.8px;left:2996.57px;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:2800.8px;left:3925.75px;letter-spacing:-0.45px;white-space:nowrap">present
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2800.8px;left:4651.55px;letter-spacing:-2.3px;white-space:nowrap">fairly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2800.8px;left:5166.14px;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:2800.8px;left:5380.94px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2800.8px;left:5636.33px;white-space:nowrap">material
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2800.8px;left:6409.92px;letter-spacing:-0.36px;white-space:nowrap">respects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2800.8px;left:7261.71px;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:2800.8px;left:7606.11px;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:2800.8px;left:8391.5px;white-space:nowrap">position
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2800.8px;left:9165.28px;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:2800.8px;left:9398.68px;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:2800.8px;left:9743.08px;letter-spacing:0px;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:3040.8px;left:0px;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:3040.8px;left:244.6px;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:3040.8px;left:477.99px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3040.8px;left:1322.38px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3040.8px;left:1655.98px;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:3040.8px;left:2211.98px;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:3040.8px;left:2556.38px;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:3040.8px;left:3181.97px;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:3040.8px;left:3415.37px;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:3040.8px;left:3874.16px;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:3040.8px;left:4936.94px;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:3040.8px;left:5389.14px;text-rendering:optimizeLegibility;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:3040.8px;left:5900.33px;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:3040.8px;left:6293.13px;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:3040.8px;left:7089.93px;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:3040.8px;left:7304.72px;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:3040.8px;left:7649.12px;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:3040.8px;left:8241.71px;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:3040.8px;left:8541.51px;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:3040.8px;left:8885.9px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3040.8px;left:9615.29px;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:3280.8px;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:3280.8px;left:214.8px;white-space:nowrap">Appendix
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3280.8px;left:1140.99px;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:3280.8px;left:1389.39px;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:3280.8px;left:1782.18px;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:3280.8px;left:2126.58px;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:3280.8px;left:2911.97px;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:3280.8px;left:3841.16px;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:3280.8px;left:4140.95px;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:3280.8px;left:4485.35px;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:3280.8px;left:5081.95px;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:3280.8px;left:5474.74px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3280.8px;left:6204.13px;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:3280.8px;left:6740.72px;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:3280.8px;left:6955.52px;white-space:nowrap">Appendix
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3280.8px;left:7881.71px;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:3280.8px;left:8130.11px;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:3280.8px;left:8344.91px;letter-spacing:0.33px;white-space:nowrap">conformity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3280.8px;left:9355.69px;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:3280.8px;left:9781.28px;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:3520.8px;left:0px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3520.8px;left:873.99px;white-space:nowrap">accepted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3520.8px;left:1759.38px;white-space:nowrap">accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3520.8px;left:2800.37px;white-space:nowrap">principles.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-style:italic;position:absolute;top:3939.2px;left:0px;white-space:nowrap">Basis
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-style:italic;position:absolute;top:3939.2px;left:503.79px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-style:italic;position:absolute;top:3939.2px;left:803.59px;white-space:nowrap">Opinion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4360.8px;left:0px;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:4360.8px;left:589.2px;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:4360.8px;left:1374.59px;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:4360.8px;left:2407.57px;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:4360.8px;left:2800.37px;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:4360.8px;left:3585.76px;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:4360.8px;left:4514.95px;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:4360.8px;left:4848.35px;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:4360.8px;left:5192.75px;letter-spacing:-0.24px;white-space:nowrap">responsibility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4360.8px;left:6421.73px;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:4360.8px;left:6655.12px;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:4360.8px;left:6999.52px;white-space:nowrap">Funds&#39;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4360.8px;left:7648.11px;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:4360.8px;left:8941.1px;white-space:nowrap">Our
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4360.8px;left:9341.1px;letter-spacing:-0.24px;white-space:nowrap">responsibility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4600.8px;left:0px;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:4600.8px;left:188.8px;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:4600.8px;left:429.39px;letter-spacing:-0.45px;white-space:nowrap">express
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4600.8px;left:1159.19px;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:4600.8px;left:1429.79px;white-space:nowrap">opinion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4600.8px;left:2163.17px;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:4600.8px;left:2448.57px;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:4600.8px;left:2989.37px;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:4600.8px;left:3774.76px;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:4600.8px;left:4807.75px;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:4600.8px;left:5200.54px;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:4600.8px;left:5985.93px;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:4600.8px;left:6915.12px;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:4600.8px;left:7515.32px;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:4600.8px;left:7800.71px;white-space:nowrap">our
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4600.8px;left:8152.51px;white-space:nowrap">audits.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4600.8px;left:8800.5px;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:4600.8px;left:9152.5px;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:4600.8px;left:9485.9px;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:4600.8px;left:9645.3px;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:4840.8px;left:0px;white-space:nowrap">accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4840.8px;left:1040.99px;text-rendering:optimizeLegibility;letter-spacing:0.72px;white-space:nowrap">firm
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4840.8px;left:1444.38px;letter-spacing:-0.65px;white-space:nowrap">registered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4840.8px;left:2403.17px;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:4840.8px;left:2828.76px;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:4840.8px;left:3173.16px;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:4840.8px;left:3769.35px;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:4840.8px;left:4688.34px;white-space:nowrap">Accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4840.8px;left:5762.73px;white-space:nowrap">Oversight
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4840.8px;left:6692.11px;letter-spacing:-0.6px;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:4840.8px;left:7281.11px;white-space:nowrap">(United
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4840.8px;left:7984.9px;white-space:nowrap">States)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4840.8px;left:8636.69px;white-space:nowrap">(PCAOB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4840.8px;left:9481.88px;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:4840.8px;left:9874.68px;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:5080.8px;left:0px;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:5080.8px;left:807.19px;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:5080.8px;left:1047.79px;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:5080.8px;left:1336.79px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5080.8px;left:2540.58px;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:5080.8px;left:2966.17px;letter-spacing:-0.45px;white-space:nowrap">respect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5080.8px;left:3677.16px;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:5080.8px;left:3917.76px;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:5080.8px;left:4262.15px;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:5080.8px;left:4858.75px;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:5080.8px;left:5073.55px;letter-spacing:-0.33px;white-space:nowrap">accordance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5080.8px;left:6151.94px;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:5080.8px;left:6577.53px;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:5080.8px;left:6921.93px;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:5080.8px;left:7337.12px;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:5080.8px;left:8014.72px;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:5080.8px;left:8899.5px;white-space:nowrap">laws
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5080.8px;left:9336.5px;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:5080.8px;left:9729.29px;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:5320.8px;left:0px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5320.8px;left:981.39px;white-space:nowrap">rules
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5320.8px;left:1458.98px;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:5320.8px;left:1851.78px;letter-spacing:-0.3px;white-space:nowrap">regulations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5320.8px;left:2895.97px;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:5320.8px;left:3129.36px;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:5320.8px;left:3473.76px;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:5320.8px;left:4384.55px;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:5320.8px;left:4777.34px;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:5320.8px;left:5703.94px;white-space:nowrap">Commission
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5320.8px;left:6855.92px;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:5320.8px;left:7248.72px;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:5320.8px;left:7593.12px;white-space:nowrap">PCAOB.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5740.8px;left:0px;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:5740.8px;left:352px;white-space:nowrap">conducted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5740.8px;left:1363.39px;white-space:nowrap">our
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5740.8px;left:1715.18px;white-space:nowrap">audits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5740.8px;left:2307.57px;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:5740.8px;left:2522.37px;letter-spacing:-0.33px;white-space:nowrap">accordance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5740.8px;left:3600.76px;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:5740.8px;left:4026.35px;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:5740.8px;left:4370.75px;letter-spacing:-0.36px;white-space:nowrap">standards
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5740.8px;left:5289.14px;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:5740.8px;left:5522.54px;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:5740.8px;left:5866.93px;white-space:nowrap">PCAOB.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5740.8px;left:6663.73px;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:5740.8px;left:7260.32px;letter-spacing:-0.36px;white-space:nowrap">standards
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5740.8px;left:8178.71px;letter-spacing:-0.9px;white-space:nowrap">require
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5740.8px;left:8863.71px;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:5740.8px;left:9267.1px;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:5740.8px;left:9578.3px;white-space:nowrap">plan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5740.8px;left:10019.09px;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:5980.8px;left:0px;letter-spacing:0.45px;white-space:nowrap">perform
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5980.8px;left:773.58px;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:5980.8px;left:1117.98px;white-space:nowrap">audit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5980.8px;left:1625.17px;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:5980.8px;left:1865.77px;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:5980.8px;left:2491.56px;letter-spacing:-0.33px;white-space:nowrap">reasonable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5980.8px;left:3525.15px;white-space:nowrap">assurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5980.8px;left:4455.14px;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:5980.8px;left:5032.93px;white-space:nowrap">whether
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5980.8px;left:5810.53px;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:5980.8px;left:6154.92px;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:5980.8px;left:6940.31px;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:5980.8px;left:7973.3px;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:5980.8px;left:8366.1px;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:5980.8px;left:9151.49px;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:5980.8px;left:10080.68px;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:6220.8px;left:0px;letter-spacing:-0.72px;white-space:nowrap">free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6220.8px;left:400px;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:6220.8px;left:633.39px;white-space:nowrap">material
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6220.8px;left:1406.98px;white-space:nowrap">misstatement,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6220.8px;left:2713.96px;white-space:nowrap">whether
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6220.8px;left:3491.55px;white-space:nowrap">due
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6220.8px;left:3891.75px;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:6220.8px;left:4132.35px;letter-spacing:-0.6px;white-space:nowrap">error
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6220.8px;left:4613.34px;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:6220.8px;left:4853.93px;white-space:nowrap">fraud.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6220.8px;left:5427.92px;white-space:nowrap">Our
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6220.8px;left:5827.92px;white-space:nowrap">audits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6220.8px;left:6420.31px;white-space:nowrap">included
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6220.8px;left:7246.3px;letter-spacing:0.33px;white-space:nowrap">performing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6220.8px;left:8301.28px;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:6220.8px;left:9360.68px;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:6220.8px;left:9601.27px;white-space:nowrap">assess
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6220.8px;left:10212.66px;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:6460.8px;left:0px;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:6460.8px;left:436.79px;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:6460.8px;left:670.19px;white-space:nowrap">material
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6460.8px;left:1443.77px;white-space:nowrap">misstatement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6460.8px;left:2695.16px;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:6460.8px;left:2928.55px;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:6460.8px;left:3272.95px;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:6460.8px;left:4058.34px;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:6460.8px;left:5091.33px;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:6460.8px;left:5484.12px;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:6460.8px;left:6269.52px;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:6460.8px;left:7254.3px;white-space:nowrap">whether
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6460.8px;left:8031.89px;white-space:nowrap">due
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6460.8px;left:8432.09px;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:6460.8px;left:8672.69px;letter-spacing:-0.6px;white-space:nowrap">error
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6460.8px;left:9153.68px;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:6460.8px;left:9394.27px;white-space:nowrap">fraud,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6460.8px;left:9968.26px;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:6700.8px;left:0px;letter-spacing:0.33px;white-space:nowrap">performing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6700.8px;left:1054.98px;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:6700.8px;left:2114.37px;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:6700.8px;left:2517.76px;letter-spacing:-0.45px;white-space:nowrap">respond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6700.8px;left:3306.76px;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:6700.8px;left:3547.35px;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:6700.8px;left:4095.54px;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:6700.8px;left:4587.94px;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:6700.8px;left:5073.54px;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:6700.8px;left:6132.93px;white-space:nowrap">included
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6700.8px;left:6958.92px;white-space:nowrap">examining,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6700.8px;left:7992.51px;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:6700.8px;left:8277.91px;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:6700.8px;left:8437.3px;white-space:nowrap">test
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6700.8px;left:8822.1px;white-space:nowrap">basis,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6700.8px;left:9377.69px;white-space:nowrap">evidence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6940.8px;left:0px;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:6940.8px;left:921.99px;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:6940.8px;left:1266.39px;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:6940.8px;left:2088.78px;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:6940.8px;left:2481.58px;letter-spacing:-0.3px;white-space:nowrap">disclosures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6940.8px;left:3511.16px;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:6940.8px;left:3725.96px;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:6940.8px;left:4070.36px;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:6940.8px;left:4855.75px;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:6940.8px;left:5888.74px;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:6940.8px;left:6281.53px;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:6940.8px;left:7066.93px;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:6940.8px;left:8051.71px;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:6940.8px;left:8537.31px;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:6940.8px;left:9596.7px;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:7180.8px;left:0px;white-space:nowrap">included
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7180.8px;left:825.99px;text-rendering:optimizeLegibility;letter-spacing:0.28px;white-space:nowrap">confirmation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7180.8px;left:2003.57px;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:7180.8px;left:2236.97px;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:7180.8px;left:3121.75px;white-space:nowrap">owned
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7180.8px;left:3784.95px;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:7180.8px;left:4029.54px;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:7180.8px;left:4262.94px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7180.8px;left:5107.33px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7180.8px;left:5440.93px;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:7180.8px;left:5996.93px;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:7180.8px;left:6271.13px;letter-spacing:-0.24px;white-space:nowrap">correspondence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7180.8px;left:7771.51px;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:7180.8px;left:8197.1px;white-space:nowrap">custodians
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7180.8px;left:9200.89px;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:7180.8px;left:9593.69px;letter-spacing:-0.4px;white-space:nowrap">brokers;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7420.8px;left:0px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7420.8px;left:533.6px;letter-spacing:-0.45px;white-space:nowrap">replies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7420.8px;left:1177.79px;letter-spacing:-0.72px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7420.8px;left:1662.99px;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:7420.8px;left:2014.78px;letter-spacing:-0.4px;white-space:nowrap">received
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7420.8px;left:2829.77px;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:7420.8px;left:3296.37px;letter-spacing:-0.4px;white-space:nowrap">brokers,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7420.8px;left:4070.36px;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:7420.8px;left:4381.55px;letter-spacing:0.36px;white-space:nowrap">performed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7420.8px;left:5388.53px;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:7420.8px;left:5917.93px;white-space:nowrap">auditing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7420.8px;left:6706.52px;letter-spacing:-0.6px;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:7420.8px;left:7821.51px;white-space:nowrap">Our
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7420.8px;left:8221.5px;white-space:nowrap">audits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7420.8px;left:8813.89px;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:7420.8px;left:9225.09px;white-space:nowrap">included
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7660.8px;left:0px;white-space:nowrap">evaluating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7660.8px;left:977.79px;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:7660.8px;left:1322.19px;white-space:nowrap">accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7660.8px;left:2363.17px;white-space:nowrap">principles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7660.8px;left:3277.56px;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:7660.8px;left:3762.96px;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:7660.8px;left:4155.76px;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:7660.8px;left:5111.14px;white-space:nowrap">estimates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7660.8px;left:6014.53px;white-space:nowrap">made
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7660.8px;left:6577.73px;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:7660.8px;left:6851.92px;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:7660.8px;left:8144.91px;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:7660.8px;left:8389.51px;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:7660.8px;left:8796.7px;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:7660.8px;left:9041.3px;white-space:nowrap">evaluating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7900.8px;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:7900.8px;left:344.4px;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:7900.8px;left:992.39px;letter-spacing:-0.28px;white-space:nowrap">presentation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7900.8px;left:2166.17px;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:7900.8px;left:2399.57px;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:7900.8px;left:2743.96px;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:7900.8px;left:3529.35px;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:7900.8px;left:4562.34px;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:7900.8px;left:4955.14px;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:7900.8px;left:5740.53px;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:7900.8px;left:6725.32px;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:7900.8px;left:7077.32px;white-space:nowrap">believe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7900.8px;left:7781.11px;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:7900.8px;left:8184.5px;white-space:nowrap">our
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7900.8px;left:8536.3px;white-space:nowrap">audits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7900.8px;left:9128.69px;letter-spacing:-0.45px;white-space:nowrap">provide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7900.8px;left:9865.68px;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:8140.8px;left:0px;letter-spacing:-0.33px;white-space:nowrap">reasonable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8140.8px;left:1033.59px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8140.8px;left:1533.58px;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:8140.8px;left:1833.38px;white-space:nowrap">our
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8140.8px;left:2185.17px;white-space:nowrap">opinion.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:8991px;left:4711.23px;letter-spacing:-1.05px;white-space:nowrap">/s/
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:8991px;left:5012.77px;white-space:nowrap">KPMG
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:8991px;left:5617.34px;white-space:nowrap">LLP</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9664.8px;left:0px;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:9664.8px;left:352px;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:9664.8px;left:830.2px;white-space:nowrap">served
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9664.8px;left:1478.39px;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:9664.8px;left:1722.99px;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:9664.8px;left:2067.39px;white-space:nowrap">auditor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9664.8px;left:2759.57px;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:9664.8px;left:2992.97px;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:9664.8px;left:3389.57px;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:9664.8px;left:3630.16px;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:9664.8px;left:4148.75px;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:9664.8px;left:4901.15px;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:9664.8px;left:5934.34px;white-space:nowrap">companies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9664.8px;left:6956.93px;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:9664.8px;left:7464.53px;white-space:nowrap">2014.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10084.8px;left:0px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10084.8px;left:852.19px;white-space:nowrap">Illinois</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10504.8px;left:0px;white-space:nowrap">April
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10504.8px;left:477.39px;white-space:nowrap">26,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10504.8px;left:810.99px;white-space:nowrap">2023</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:34.58px;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:540px;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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:176.29px;left:177.77px;letter-spacing:-4px;white-space:nowrap">(continued)</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:668.96px;left:0px;position:absolute;top:0px;transform:translate(36.000px,79.735px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:13273.64px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.28px) rotate(0deg) scale(0.05)">
<div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:9530.91px;white-space:nowrap">Appendix
</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:10490.19px;letter-spacing:-7.42px;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:450.25px;left:0px;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:450.25px;left:448.55px;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:450.25px;left:888.46px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:450.25px;left:1444.05px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:450.25px;left:2230.76px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:450.25px;left:3306.42px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:450.25px;left:3732.65px;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:450.25px;left:4372px;white-space:nowrap">(statements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:450.25px;left:5758.21px;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:450.25px;left:6060.12px;white-space:nowrap">operations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:450.25px;left:7335.22px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:450.25px;left:7824.09px;white-space:nowrap">cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:450.25px;left:8383.99px;white-space:nowrap">flows);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:450.25px;left:9187.97px;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:450.25px;left:9583.24px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:738.25px;left:0px;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:738.25px;left:301.91px;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:738.25px;left:741.82px;white-space:nowrap">years
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:738.25px;left:1403.97px;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:738.25px;left:1675.16px;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:738.25px;left:2115.07px;white-space:nowrap">two-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:738.25px;left:3177.05px;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:738.25px;left:3990.4px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:738.25px;left:4777.1px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:738.25px;left:5852.76px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:738.25px;left:6278.99px;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:738.25px;left:6918.35px;white-space:nowrap">(statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:738.25px;left:8198px;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:738.25px;left:8499.91px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:738.25px;left:9486.53px;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:738.25px;left:9757.73px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1026.25px;left:0px;white-space:nowrap">assets);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1026.25px;left:892.77px;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:1026.25px;left:1288.04px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1026.25px;left:1879.15px;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:1026.25px;left:2181.06px;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:1026.25px;left:2620.98px;white-space:nowrap">years
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1026.25px;left:3283.12px;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:1026.25px;left:3554.32px;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:1026.25px;left:3994.23px;white-space:nowrap">five-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1026.25px;left:5034.61px;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:1026.25px;left:5847.95px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1026.25px;left:6634.65px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1026.25px;left:7710.31px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1026.25px;left:8136.55px;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:1026.25px;left:8775.9px;white-space:nowrap">(financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1314.25px;left:0px;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:1730.4px;left:0px;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:1730.4px;left:752.4px;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:1730.4px;left:1219.2px;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:1730.4px;left:1652.59px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1730.4px;left:2348.78px;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:1730.4px;left:3271.17px;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:1730.4px;left:3987.36px;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:2150.4px;left:0px;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:2150.4px;left:752.4px;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:2150.4px;left:1219.2px;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:2150.4px;left:1652.59px;letter-spacing:-3.27px;white-space:nowrap">AMT-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2150.4px;left:2575.38px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2150.4px;left:3271.57px;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:2150.4px;left:4193.96px;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:2150.4px;left:4910.16px;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:2586.25px;left:0px;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:2586.25px;left:448.55px;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:2586.25px;left:888.46px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:2586.25px;left:1444.05px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:2586.25px;left:2230.76px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:2586.25px;left:3306.42px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:2586.25px;left:3732.65px;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:2586.25px;left:4372px;white-space:nowrap">(statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:2586.25px;left:5651.66px;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:2586.25px;left:5953.57px;white-space:nowrap">operations);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:2586.25px;left:7370.73px;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:2586.25px;left:7766px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:2586.25px;left:8357.11px;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:2586.25px;left:8659.02px;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:2586.25px;left:9098.94px;white-space:nowrap">years
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:2586.25px;left:9761.08px;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:2586.25px;left:10032.28px;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:2874.25px;left:0px;white-space:nowrap">two-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:2874.25px;left:1061.98px;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:2874.25px;left:1875.32px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:2874.25px;left:2662.03px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:2874.25px;left:3737.69px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:2874.25px;left:4163.92px;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:2874.25px;left:4803.27px;white-space:nowrap">(statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:2874.25px;left:6082.93px;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:2874.25px;left:6384.84px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:2874.25px;left:7371.46px;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:2874.25px;left:7642.65px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:2874.25px;left:8082.56px;white-space:nowrap">assets);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:2874.25px;left:8975.34px;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:2874.25px;left:9370.61px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:2874.25px;left:9961.72px;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:3162.25px;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:3162.25px;left:439.91px;white-space:nowrap">years
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:3162.25px;left:1102.06px;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:3162.25px;left:1373.25px;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:3162.25px;left:1813.16px;white-space:nowrap">five-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:3162.25px;left:2853.54px;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:3162.25px;left:3666.88px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:3162.25px;left:4453.59px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:3162.25px;left:5529.25px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:3162.25px;left:5955.48px;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:3162.25px;left:6594.84px;white-space:nowrap">(financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:3162.25px;left:7657.53px;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:3578.4px;left:0px;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:3578.4px;left:752.4px;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:3578.4px;left:1219.2px;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:3578.4px;left:1652.59px;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:3578.4px;left:2574.98px;letter-spacing:-1.83px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3578.4px;left:3115.98px;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:4014.25px;left:0px;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:4014.25px;left:448.55px;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:4014.25px;left:888.46px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4014.25px;left:1444.05px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4014.25px;left:2230.76px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4014.25px;left:3306.42px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4014.25px;left:3732.65px;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:4014.25px;left:4372px;white-space:nowrap">(statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4014.25px;left:5651.66px;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:4014.25px;left:5953.57px;white-space:nowrap">operations);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4014.25px;left:7370.73px;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:4014.25px;left:7766px;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:4014.25px;left:8205.92px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4014.25px;left:8761.51px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4014.25px;left:9548.21px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4302.25px;left:0px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4302.25px;left:426.23px;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:4302.25px;left:1136.62px;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:4302.25px;left:1576.53px;white-space:nowrap">eleven-month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4302.25px;left:3185.23px;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:4302.25px;left:3998.57px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4302.25px;left:4785.27px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4302.25px;left:5860.94px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4302.25px;left:6287.17px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4302.25px;left:6997.56px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4302.25px;left:7486.43px;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:4302.25px;left:7926.34px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4302.25px;left:8481.93px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4302.25px;left:9268.63px;letter-spacing:-0.72px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4302.25px;left:10033.26px;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:4590.25px;left:0px;white-space:nowrap">2021
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4590.25px;left:639.35px;white-space:nowrap">(statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4590.25px;left:1919.01px;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:4590.25px;left:2220.92px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4590.25px;left:3207.54px;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:4590.25px;left:3478.73px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4590.25px;left:3918.64px;white-space:nowrap">assets);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4590.25px;left:4811.42px;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:4590.25px;left:5206.69px;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:4590.25px;left:5646.6px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4590.25px;left:6202.19px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4590.25px;left:6988.89px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4590.25px;left:8064.55px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4590.25px;left:8490.79px;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:4590.25px;left:9201.18px;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:4590.25px;left:9641.09px;white-space:nowrap">eleven-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4878.25px;left:0px;white-space:nowrap">month
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4878.25px;left:795.11px;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:4878.25px;left:1608.45px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4878.25px;left:2395.16px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4878.25px;left:3470.82px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4878.25px;left:3897.05px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4878.25px;left:4607.44px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4878.25px;left:5096.31px;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:4878.25px;left:5491.58px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4878.25px;left:6082.69px;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:4878.25px;left:6384.6px;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:4878.25px;left:6824.51px;white-space:nowrap">years
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4878.25px;left:7486.66px;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:4878.25px;left:7757.85px;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:4878.25px;left:8197.76px;letter-spacing:-1.32px;white-space:nowrap">four-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:4878.25px;left:9277.74px;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:5166.25px;left:0px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:5166.25px;left:786.71px;letter-spacing:-0.72px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:5166.25px;left:1551.34px;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:5166.25px;left:1977.57px;white-space:nowrap">2021
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:5166.25px;left:2616.92px;white-space:nowrap">(financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:5166.25px;left:3679.62px;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:5582.4px;left:0px;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:5582.4px;left:752.4px;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:5582.4px;left:1219.2px;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:5582.4px;left:1652.59px;white-space:nowrap">Select
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5582.4px;left:2252.58px;letter-spacing:-2.87px;white-space:nowrap">Tax-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5582.4px;left:3063.98px;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:5582.4px;left:3780.17px;white-space:nowrap">Portfolio</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">21</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:1501.35px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:2411.54px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:3409.98px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:4851.21px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:6824px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:3067.03px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:4271.13px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:4723.48px;white-space:nowrap">2023</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">NAN</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11920 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.98px;white-space:nowrap">Provisions</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.5px;white-space:nowrap">Ratings</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:464.96px;left:3768.62px;white-space:nowrap">162.5%&#160;(100.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:733.92px;left:312.62px;letter-spacing:0px;white-space:nowrap">614,106,576
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:733.92px;left:3171.66px;white-space:nowrap">162.5%&#160;&#160;(100.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:733.92px;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:160px;font-weight:bold;position:absolute;top:733.92px;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:160px;font-weight:bold;position:absolute;top:733.92px;left:5176.6px;white-space:nowrap">Investments)</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:801.92px;left:9521.62px;letter-spacing:0px;white-space:nowrap">614,106,576</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:1116.24px;left:3040.94px;white-space:nowrap">6.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1116.24px;left:3481.42px;white-space:nowrap">(3.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:1385.2px;left:1512px;white-space:nowrap">Erie
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:1835.84px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:2397.75px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:3053.59px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:3489.9px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:4508.92px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:5474.67px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:2047.84px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:2706.55px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:3533.26px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:4560.13px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:5102.36px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1769.2px;left:1656px;white-space:nowrap">2005A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;left:686.41px;white-space:nowrap">12,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;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:160px;position:absolute;top:1970.16px;left:2278.87px;white-space:nowrap">6/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;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:160px;position:absolute;top:1970.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;left:8766.73px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;left:9231.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;left:9615.42px;letter-spacing:0px;white-space:nowrap">11,958,875
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;left:779.21px;white-space:nowrap">3,210</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;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:160px;position:absolute;top:2171.12px;left:2278.87px;white-space:nowrap">6/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;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:160px;position:absolute;top:2171.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;left:8766.73px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,015,667</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2372.07px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2372.07px;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:160px;position:absolute;top:2372.07px;left:2240.15px;letter-spacing:-0.21px;white-space:nowrap">Counties
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2372.07px;left:2926.54px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2372.07px;left:3581.42px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2372.07px;left:3967.65px;letter-spacing:-1.2px;white-space:nowrap">VI,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2372.07px;left:4185.73px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2372.07px;left:4555.01px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2372.07px;left:4946.84px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:1656px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:2485.59px;letter-spacing:-1.18px;white-space:nowrap">Pass-Through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:3494.53px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:4036.76px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:4518.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:5000.59px;white-space:nowrap">2016A-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2765.03px;left:913.61px;white-space:nowrap">215
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2765.03px;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:160px;position:absolute;top:2765.03px;left:2278.87px;white-space:nowrap">6/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2765.03px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2765.03px;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:160px;position:absolute;top:2765.03px;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:160px;position:absolute;top:2765.03px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2765.03px;left:9842.61px;letter-spacing:0px;white-space:nowrap">221,212</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2965.99px;left:779.21px;white-space:nowrap">1,145
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2965.99px;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:160px;position:absolute;top:2965.99px;left:2278.87px;white-space:nowrap">6/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2965.99px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2965.99px;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:160px;position:absolute;top:2965.99px;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:160px;position:absolute;top:2965.99px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2965.99px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,185,487</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3166.95px;left:779.21px;white-space:nowrap">7,155
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3166.95px;left:1512px;white-space:nowrap">TSASC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3166.95px;left:2050.87px;letter-spacing:-0.8px;white-space:nowrap">Inc.,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3166.95px;left:2383.83px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3166.95px;left:2753.11px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3166.95px;left:3144.94px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3166.95px;left:3800.78px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3166.95px;left:4827.65px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3166.95px;left:5369.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3166.95px;left:5851.79px;letter-spacing:-0.8px;white-space:nowrap">2006,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3166.95px;left:6299.78px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3358.95px;left:1656px;white-space:nowrap">6/01/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3166.95px;left:7078.26px;white-space:nowrap">6/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3166.95px;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:160px;position:absolute;top:3166.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3166.95px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3166.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,541,816</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3559.91px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3559.91px;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:160px;position:absolute;top:3559.91px;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:160px;position:absolute;top:3559.91px;left:9686.42px;white-space:nowrap">22,923,057
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3874.23px;left:1512px;letter-spacing:-0.16px;white-space:nowrap">Education
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3874.23px;left:2328.63px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3874.23px;left:2663.03px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3874.23px;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:160px;font-weight:bold;position:absolute;top:3874.23px;left:4211.65px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3874.23px;left:4303.81px;white-space:nowrap">19.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3874.23px;left:4847.64px;white-space:nowrap">(12.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3874.23px;left:5446.2px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3874.23px;left:5645.55px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3874.23px;left:6062.03px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4143.19px;left:779.21px;white-space:nowrap">3,050</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4143.19px;left:1512px;letter-spacing:-0.36px;white-space:nowrap">Buffalo
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4143.19px;left:2061.76px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4143.19px;left:2382.07px;white-space:nowrap">Erie
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4143.19px;left:2705.91px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4143.19px;left:3271.66px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4143.19px;left:3986.21px;white-space:nowrap">Land
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4143.19px;left:4388.13px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4143.19px;left:5426.51px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4143.19px;left:6392.26px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4335.19px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4335.19px;left:2051.67px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4335.19px;left:2724.15px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4335.19px;left:3266.38px;white-space:nowrap">Enterprise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4335.19px;left:4055.64px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4335.19px;left:4645.07px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4335.19px;left:5184.43px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4335.19px;left:5761.22px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4335.19px;left:6243.13px;letter-spacing:-0.69px;white-space:nowrap">2011A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">7.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:2278.87px;white-space:nowrap">12/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4143.19px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4143.19px;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:160px;position:absolute;top:4143.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4143.19px;left:8730.24px;letter-spacing:-1.28px;white-space:nowrap">CCC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4143.19px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,733,105</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.15px;left:1512px;white-space:nowrap">Build
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.15px;left:1928.96px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.15px;left:2298.23px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.15px;left:2657.11px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.15px;left:2981.1px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.15px;left:3694.53px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.15px;left:4660.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.15px;left:5029.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4920.15px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4920.15px;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:160px;position:absolute;top:4920.15px;left:2870.7px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4920.15px;left:3194.7px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4920.15px;left:3948.29px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4920.15px;left:4137.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4920.15px;left:4506.36px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4920.15px;left:4865.23px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4920.15px;left:4956.43px;white-space:nowrap">Queens
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:1656px;letter-spacing:-0.75px;white-space:nowrap">College,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:2308.63px;white-space:nowrap">Q
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:2483.51px;letter-spacing:-0.12px;white-space:nowrap">Student
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:3093.58px;letter-spacing:-0.56px;white-space:nowrap">Residences,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:3995.81px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:4309.41px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:4886.2px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5304.15px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5304.15px;left:2137.91px;white-space:nowrap">2014A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5505.11px;left:779.21px;white-space:nowrap">1,025
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5505.11px;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:160px;position:absolute;top:5505.11px;left:2278.87px;white-space:nowrap">6/01/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5505.11px;left:7078.26px;white-space:nowrap">6/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5505.11px;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:160px;position:absolute;top:5505.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5505.11px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5505.11px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,039,453</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5706.07px;left:779.21px;white-space:nowrap">2,070
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5706.07px;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:160px;position:absolute;top:5706.07px;left:2278.87px;white-space:nowrap">6/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5706.07px;left:7078.26px;white-space:nowrap">6/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5706.07px;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:160px;position:absolute;top:5706.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5706.07px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5706.07px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,085,359</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5907.03px;left:1512px;white-space:nowrap">Build
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5907.03px;left:1928.96px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5907.03px;left:2298.23px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5907.03px;left:2657.11px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5907.03px;left:2981.1px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5907.03px;left:3694.53px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5907.03px;left:4660.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5907.03px;left:5029.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6099.03px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6099.03px;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:160px;position:absolute;top:6099.03px;left:2870.7px;white-space:nowrap">KIPP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6099.03px;left:3238.38px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6099.03px;left:3607.66px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6099.03px;left:3966.53px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6099.03px;left:4290.52px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6099.03px;left:4770.84px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6291.03px;left:1656px;letter-spacing:-1.04px;white-space:nowrap">Facilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6291.03px;left:2354.07px;letter-spacing:-0.48px;white-space:nowrap">Canal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6291.03px;left:2808.63px;letter-spacing:-1.15px;white-space:nowrap">West
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6291.03px;left:3211.66px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6291.03px;left:3788.46px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6291.03px;left:4270.37px;white-space:nowrap">2022:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6491.99px;left:913.61px;white-space:nowrap">400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6491.99px;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:160px;position:absolute;top:6491.99px;left:2278.87px;white-space:nowrap">7/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6491.99px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6491.99px;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:160px;position:absolute;top:6491.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6491.99px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6491.99px;left:9842.61px;letter-spacing:0px;white-space:nowrap">408,132</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6692.95px;left:779.21px;white-space:nowrap">1,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6692.95px;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:160px;position:absolute;top:6692.95px;left:2278.87px;white-space:nowrap">7/01/62
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6692.95px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6692.95px;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:160px;position:absolute;top:6692.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6692.95px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6692.95px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,207,044</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6893.91px;left:1512px;white-space:nowrap">Build
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6893.91px;left:1928.96px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6893.91px;left:2298.23px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6893.91px;left:2657.11px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6893.91px;left:2981.1px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6893.91px;left:3694.53px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6893.91px;left:4660.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6893.91px;left:5029.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7085.91px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7085.91px;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:160px;position:absolute;top:7085.91px;left:2870.7px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7085.91px;left:3855.97px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7085.91px;left:4471.8px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7085.91px;left:4660.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7085.91px;left:5029.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7085.91px;left:5425.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7277.91px;left:1656px;white-space:nowrap">2014:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7478.87px;left:779.21px;white-space:nowrap">1,405
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7478.87px;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:160px;position:absolute;top:7478.87px;left:2278.87px;white-space:nowrap">11/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7478.87px;left:6985.46px;white-space:nowrap">11/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7478.87px;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:160px;position:absolute;top:7478.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7478.87px;left:8817.29px;white-space:nowrap">BB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7478.87px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,316,260</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7679.83px;left:779.21px;white-space:nowrap">1,300
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7679.83px;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:160px;position:absolute;top:7679.83px;left:2278.87px;white-space:nowrap">11/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7679.83px;left:6985.46px;white-space:nowrap">11/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7679.83px;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:160px;position:absolute;top:7679.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7679.83px;left:8817.29px;white-space:nowrap">BB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7679.83px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,107,912</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:1512px;white-space:nowrap">Build
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:1928.96px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:2298.23px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:2657.11px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:2981.1px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:3694.53px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:4660.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:5029.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8072.79px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8072.79px;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:160px;position:absolute;top:8072.79px;left:2870.7px;white-space:nowrap">South
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8072.79px;left:3335.66px;letter-spacing:-0.48px;white-space:nowrap">Bronx
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8072.79px;left:3800.29px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8072.79px;left:4389.72px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8072.79px;left:4929.08px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8264.79px;left:1656px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8264.79px;left:2614.39px;letter-spacing:-0.32px;white-space:nowrap">Cultures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8264.79px;left:3263.81px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8264.79px;left:3584.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8264.79px;left:3856.77px;letter-spacing:-0.38px;white-space:nowrap">Arts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8264.79px;left:4186.2px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8264.79px;left:4762.99px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8264.79px;left:5244.91px;white-space:nowrap">2013A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:913.61px;white-space:nowrap">950
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;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:160px;position:absolute;top:8465.75px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">4/15/33,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;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:160px;position:absolute;top:8465.75px;left:7078.26px;white-space:nowrap">4/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;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:160px;position:absolute;top:8465.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:8761.93px;white-space:nowrap">BB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:9842.61px;letter-spacing:0px;white-space:nowrap">938,809</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8666.71px;left:779.21px;white-space:nowrap">1,380
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8666.71px;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:160px;position:absolute;top:8666.71px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">4/15/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8666.71px;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:160px;position:absolute;top:8666.71px;left:7078.26px;white-space:nowrap">4/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8666.71px;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:160px;position:absolute;top:8666.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8666.71px;left:8761.93px;white-space:nowrap">BB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8666.71px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,296,565</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8867.66px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8867.66px;left:1512px;white-space:nowrap">Build
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8867.66px;left:1928.96px;letter-spacing:-0.96px;white-space:nowrap">NYC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8867.66px;left:2298.87px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8867.66px;left:3012.31px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8867.66px;left:3978.05px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8867.66px;left:4347.33px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8867.66px;left:4743px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8867.66px;left:5415.48px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8867.66px;left:5954.83px;letter-spacing:-0.27px;white-space:nowrap">Albert
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9059.66px;left:1656px;white-space:nowrap">Einstein
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9059.66px;left:2269.91px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9059.66px;left:2885.74px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9059.66px;left:3074.54px;letter-spacing:-0.48px;white-space:nowrap">Medicine,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9059.66px;left:3831.01px;letter-spacing:-0.96px;white-space:nowrap">Inc,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9059.66px;left:4122.37px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9059.66px;left:4604.28px;letter-spacing:-0.8px;white-space:nowrap">2023,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9059.66px;left:5052.27px;letter-spacing:-0.6px;white-space:nowrap">7.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9059.66px;left:5675.14px;letter-spacing:-0.53px;white-space:nowrap">6/01/55,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9059.66px;left:6334.33px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8867.66px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8867.66px;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:160px;position:absolute;top:8867.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8867.66px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8867.66px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,001,590</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9260.62px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9260.62px;left:1512px;white-space:nowrap">Build
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9260.62px;left:1928.96px;letter-spacing:-0.96px;white-space:nowrap">NYC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9260.62px;left:2298.87px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9260.62px;left:3012.31px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9260.62px;left:3978.05px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9260.62px;left:4347.33px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9260.62px;left:4743px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9260.62px;left:5415.48px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9260.62px;left:5957.71px;letter-spacing:-1.1px;white-space:nowrap">Family
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9260.62px;left:6465.07px;white-space:nowrap">Life
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9452.62px;left:1656px;white-space:nowrap">Academy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9452.62px;left:2386.23px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9452.62px;left:2975.66px;letter-spacing:-0.6px;white-space:nowrap">School,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9452.62px;left:3551.82px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9452.62px;left:4033.73px;letter-spacing:-0.53px;white-space:nowrap">2020A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9452.62px;left:4737.72px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9452.62px;left:5360.58px;letter-spacing:-0.53px;white-space:nowrap">6/01/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9452.62px;left:6019.77px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9260.62px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9260.62px;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:160px;position:absolute;top:9260.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9260.62px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9260.62px;left:9841.61px;white-space:nowrap">842,090</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9653.58px;left:1512px;white-space:nowrap">Build
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9653.58px;left:1928.96px;letter-spacing:-0.96px;white-space:nowrap">NYC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9653.58px;left:2298.87px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9653.58px;left:3012.31px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9653.58px;left:3978.05px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9653.58px;left:4347.33px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9653.58px;left:4743px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9845.58px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9845.58px;left:2198.23px;white-space:nowrap">Richmond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9845.58px;left:2981.27px;letter-spacing:-1.17px;white-space:nowrap">Preparatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9845.58px;left:3863.33px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9845.58px;left:4452.76px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9845.58px;left:4992.12px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10037.58px;left:1656px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10037.58px;left:2129.76px;white-space:nowrap">Impact
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10037.58px;left:2670.39px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10037.58px;left:3210.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10037.58px;left:3692.3px;white-space:nowrap">2021A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10238.54px;left:913.61px;white-space:nowrap">290
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10238.54px;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:160px;position:absolute;top:10238.54px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">6/01/41,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10238.54px;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:160px;position:absolute;top:10238.54px;left:7078.26px;white-space:nowrap">6/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10238.54px;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:160px;position:absolute;top:10238.54px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10238.54px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10238.54px;left:9842.61px;letter-spacing:0px;white-space:nowrap">273,406</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10439.5px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10439.5px;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:160px;position:absolute;top:10439.5px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">6/01/51,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10439.5px;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:160px;position:absolute;top:10439.5px;left:7078.26px;white-space:nowrap">6/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10439.5px;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:160px;position:absolute;top:10439.5px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10439.5px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10439.5px;left:9842.61px;letter-spacing:0px;white-space:nowrap">889,390</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10640.46px;left:779.21px;white-space:nowrap">1,760
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10640.46px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10640.46px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10640.46px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10640.46px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10640.46px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10640.46px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10640.46px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10640.46px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10640.46px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10640.46px;left:5450.34px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10640.46px;left:6122.82px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10832.46px;left:1656px;white-space:nowrap">Saint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10832.46px;left:2053.44px;white-space:nowrap">Johns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10832.46px;left:2527.19px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10832.46px;left:3311.82px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10832.46px;left:3793.73px;letter-spacing:-0.69px;white-space:nowrap">2013A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10832.46px;left:4353.72px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10832.46px;left:4976.59px;white-space:nowrap">7/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10640.46px;left:7078.26px;white-space:nowrap">7/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10640.46px;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:160px;position:absolute;top:10640.46px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10640.46px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10640.46px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,762,816</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11033.42px;left:779.21px;white-space:nowrap">3,380
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11033.42px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11033.42px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11033.42px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11033.42px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11033.42px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11033.42px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11033.42px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11033.42px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11033.42px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11033.42px;left:5450.34px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11033.42px;left:6122.82px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11225.42px;left:1656px;letter-spacing:-1.8px;white-space:nowrap">Yeshiva
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11225.42px;left:2237.27px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11225.42px;left:3021.9px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11225.42px;left:3503.81px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11225.42px;left:4063.8px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11225.42px;left:4686.67px;white-space:nowrap">7/15/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11033.42px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11033.42px;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:160px;position:absolute;top:11033.42px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11033.42px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11033.42px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,307,499</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11426.38px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11426.38px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11426.38px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11426.38px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11426.38px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11426.38px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11426.38px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11426.38px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11426.38px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11426.38px;left:4828.27px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11426.38px;left:5478.98px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11426.38px;left:6151.45px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11618.38px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">Fashion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11618.38px;left:2258.71px;white-space:nowrap">Institute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11618.38px;left:2880.94px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11618.38px;left:3065.9px;letter-spacing:-2.16px;white-space:nowrap">Technology,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11618.38px;left:3985.57px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11618.38px;left:4467.48px;letter-spacing:-0.8px;white-space:nowrap">2007,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11618.38px;left:4915.47px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11618.38px;left:5538.34px;white-space:nowrap">7/01/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11618.38px;left:6160.73px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11618.38px;left:6251.93px;white-space:nowrap">FGIC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11810.38px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11426.38px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11426.38px;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:160px;position:absolute;top:11426.38px;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:160px;position:absolute;top:11426.38px;left:8706.57px;white-space:nowrap">Baa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11426.38px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,083,460</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12011.34px;left:779.21px;white-space:nowrap">1,565
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12011.34px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12011.34px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12011.34px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12011.34px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12011.34px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12011.34px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12011.34px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12011.34px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12011.34px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12011.34px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12011.34px;left:6042.97px;letter-spacing:-1.32px;white-space:nowrap">Fordham
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12203.34px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12203.34px;left:2440.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12203.34px;left:2922.54px;letter-spacing:-0.8px;white-space:nowrap">2020,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12203.34px;left:3370.53px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12203.34px;left:3993.4px;white-space:nowrap">7/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12011.34px;left:7078.26px;white-space:nowrap">7/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12011.34px;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:160px;position:absolute;top:12011.34px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12011.34px;left:8962.88px;letter-spacing:-2.88px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12011.34px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,445,418</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1875.64px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2652.21px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3773.16px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5307.56px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6467.89px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:7295.31px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4681.96px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:5096.61px;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">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">NAN</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12848 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">5,090</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6042.97px;white-space:nowrap">Icahn
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:1656px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2195.36px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2384.15px;white-space:nowrap">Medicine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3103.82px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3278.38px;white-space:nowrap">Mount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3794.54px;letter-spacing:-0.69px;white-space:nowrap">Sinai,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4219.97px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5014.53px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5496.44px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:6056.43px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:1656px;white-space:nowrap">7/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,153,778
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1624.24px;left:2198.23px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:2571.35px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:3110.7px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:3895.33px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:4377.24px;white-space:nowrap">2015A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:779.21px;white-space:nowrap">1,820
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1825.2px;left:2278.87px;white-space:nowrap">7/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1825.2px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,841,895</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:779.21px;white-space:nowrap">1,510
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:2290.72px;letter-spacing:0px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3003.51px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3191.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3467.2px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3872.96px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:4061.44px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:4430.4px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:4825.76px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:5497.92px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:6039.84px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:6412.64px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:2440.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:2922.54px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:3482.53px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:4105.4px;white-space:nowrap">7/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2026.16px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,312,447</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:2198.23px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:2567.51px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:2926.38px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:3711.01px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:4192.92px;white-space:nowrap">2015A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:2812.07px;left:2278.87px;white-space:nowrap">7/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2812.07px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,036,870</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:779.21px;white-space:nowrap">2,300
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;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:160px;position:absolute;top:3013.03px;left:2278.87px;white-space:nowrap">7/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3013.03px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,380,109</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:2198.23px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:2567.51px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:2926.38px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:3711.01px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:4192.92px;white-space:nowrap">2016A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:779.21px;white-space:nowrap">5,100
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;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:160px;position:absolute;top:3606.95px;left:2278.87px;white-space:nowrap">7/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3606.95px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,423,289</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:779.21px;white-space:nowrap">3,765
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;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:160px;position:absolute;top:3807.91px;left:2278.87px;white-space:nowrap">7/01/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;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:160px;position:absolute;top:3807.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,966,955</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:779.21px;white-space:nowrap">1,055
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;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:160px;position:absolute;top:4008.87px;left:2278.87px;white-space:nowrap">7/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4008.87px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,106,494</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4209.83px;left:779.21px;white-space:nowrap">5,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4209.83px;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:160px;position:absolute;top:4209.83px;left:2278.87px;white-space:nowrap">7/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4209.83px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4209.83px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4209.83px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,311,075</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4410.79px;left:779.21px;white-space:nowrap">2,625
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4410.79px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4410.79px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4410.79px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4410.79px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4410.79px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4410.79px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4410.79px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4410.79px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4410.79px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4410.79px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4410.79px;left:6042.97px;letter-spacing:-0.4px;white-space:nowrap">Rockefeller
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:2440.63px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:2935.98px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:3417.89px;letter-spacing:-0.69px;white-space:nowrap">2019B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:3967.64px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:4590.51px;white-space:nowrap">7/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4410.79px;left:7078.26px;white-space:nowrap">7/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4410.79px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4410.79px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,792,029</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4803.75px;left:779.21px;white-space:nowrap">3,140
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4803.75px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4803.75px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4803.75px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4803.75px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4803.75px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4803.75px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4803.75px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4803.75px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4803.75px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4803.75px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4803.75px;left:6040.1px;letter-spacing:-0.96px;white-space:nowrap">Vaughn
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4995.75px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4995.75px;left:2271.83px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4995.75px;left:2457.75px;letter-spacing:-0.24px;white-space:nowrap">Aeronautics
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4995.75px;left:3366.86px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4995.75px;left:3515.66px;letter-spacing:-2.16px;white-space:nowrap">Technology,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4995.75px;left:4435.33px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4995.75px;left:4917.24px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4995.75px;left:5477.23px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4995.75px;left:6100.1px;letter-spacing:-0.48px;white-space:nowrap">12/01/36,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5187.75px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4803.75px;left:6985.46px;white-space:nowrap">12/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4803.75px;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:160px;position:absolute;top:4803.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4803.75px;left:8817.29px;white-space:nowrap">BB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4803.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,098,018</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5388.71px;left:779.21px;white-space:nowrap">2,705
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5388.71px;left:1512px;white-space:nowrap">Glen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5388.71px;left:1901.44px;letter-spacing:-0.38px;white-space:nowrap">Cove
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5388.71px;left:2322.07px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5388.71px;left:2744.31px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5388.71px;left:3505.91px;white-space:nowrap">Assistance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5388.71px;left:4311.65px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5388.71px;left:5277.4px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5388.71px;left:5646.68px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5388.71px;left:6042.35px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:2198.23px;white-space:nowrap">Garvies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:2786.54px;letter-spacing:-1.92px;white-space:nowrap">Point
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:3189.26px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:3669.57px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:4692.6px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:5269.39px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:5822.35px;letter-spacing:-0.34px;white-space:nowrap">Appreciation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5772.71px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5772.71px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2016C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5772.71px;left:2701.1px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5772.71px;left:3323.97px;white-space:nowrap">1/01/55
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5772.71px;left:3986.36px;white-space:nowrap">(4)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5388.71px;left:7078.26px;white-space:nowrap">1/34
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5388.71px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5388.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,290,323</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:1512px;letter-spacing:-0.1px;white-space:nowrap">Hempstead
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:2397.11px;letter-spacing:-3.07px;white-space:nowrap">Town
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:2823.03px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:3245.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:4283.65px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:5249.4px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:2051.67px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:2724.15px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:3263.5px;white-space:nowrap">Adelphi
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:3884.13px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:4637.72px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:5214.51px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6357.67px;left:1656px;white-space:nowrap">2013:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:779.21px;white-space:nowrap">1,005
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:6558.63px;left:2278.87px;white-space:nowrap">9/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:7078.26px;white-space:nowrap">9/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6558.63px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,009,201</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6759.59px;left:913.61px;white-space:nowrap">265
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:6759.59px;left:2278.87px;white-space:nowrap">9/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6759.59px;left:7078.26px;white-space:nowrap">9/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6759.59px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6759.59px;left:9842.61px;letter-spacing:0px;white-space:nowrap">265,753</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:1512px;white-space:nowrap">Madison
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:2182.87px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:2748.62px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:3304.46px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:4017.89px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:4983.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:5352.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:5748.59px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:2198.23px;letter-spacing:-0.44px;white-space:nowrap">Colgate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:2816.78px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:3570.37px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:4147.16px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:4941.72px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:5423.63px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:5983.62px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7344.55px;left:1656px;white-space:nowrap">7/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6960.55px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,116,650</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:913.61px;white-space:nowrap">890
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:1512px;letter-spacing:-0.41px;white-space:nowrap">Monroe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:2128.47px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:2694.22px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:3408.77px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:4447.16px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:5412.91px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:5782.18px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:6177.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7737.51px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7737.51px;left:2198.23px;letter-spacing:-1.44px;white-space:nowrap">St.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7737.51px;left:2413.11px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7737.51px;left:2815.82px;letter-spacing:-0.41px;white-space:nowrap">Fisher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7737.51px;left:3296.3px;letter-spacing:-0.75px;white-space:nowrap">College,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7737.51px;left:3948.93px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7737.51px;left:4430.84px;letter-spacing:-0.8px;white-space:nowrap">2011,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7737.51px;left:4878.83px;letter-spacing:-0.6px;white-space:nowrap">6.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7737.51px;left:5501.7px;white-space:nowrap">6/01/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:7545.51px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:9841.61px;white-space:nowrap">891,958</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:779.21px;white-space:nowrap">3,030
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:1885.12px;letter-spacing:-0.21px;white-space:nowrap">Rochelle
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:2553.75px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:3519.5px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:3888.77px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:4284.45px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:4706.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:5745.07px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.47px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.47px;left:2198.23px;white-space:nowrap">Iona
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.47px;left:2555.99px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.47px;left:3171.82px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.47px;left:3748.61px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.47px;left:4230.52px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.47px;left:4790.51px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.47px;left:5413.38px;white-space:nowrap">7/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;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:160px;position:absolute;top:7938.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:8766.73px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,073,329</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8331.43px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8331.43px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8331.43px;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:160px;position:absolute;top:8331.43px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8331.43px;left:2564.15px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8331.43px;left:3278.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8331.43px;left:4314.2px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8331.43px;left:4940.92px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8331.43px;left:5310.19px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8331.43px;left:5705.87px;letter-spacing:-2.24px;white-space:nowrap">PILOT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8331.43px;left:6175.62px;letter-spacing:-1.2px;white-space:nowrap">Payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:1656px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:1828.96px;white-space:nowrap">Lieu
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:2175.04px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:2359.99px;letter-spacing:-2.72px;white-space:nowrap">Taxes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:2800.31px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:3472.78px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:4015.01px;white-space:nowrap">Queens
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:4629.88px;white-space:nowrap">Baseball
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:5287.64px;letter-spacing:-0.12px;white-space:nowrap">Stadium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:5929.23px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:2932.46px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:3492.46px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:4115.32px;white-space:nowrap">1/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:4737.71px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:4826.03px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:5241.55px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8331.43px;left:7078.26px;white-space:nowrap">1/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:8331.43px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8331.43px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,649,400</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;left:779.21px;white-space:nowrap">2,055
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;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:160px;position:absolute;top:8916.39px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;left:2564.15px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;left:3278.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;left:4314.2px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;left:4940.92px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;left:5310.19px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;left:5705.87px;letter-spacing:-2.24px;white-space:nowrap">PILOT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;left:6175.62px;letter-spacing:-1.2px;white-space:nowrap">Payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9108.39px;left:1656px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9108.39px;left:1828.96px;white-space:nowrap">Lieu
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9108.39px;left:2175.04px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9108.39px;left:2359.99px;letter-spacing:-2.72px;white-space:nowrap">Taxes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9108.39px;left:2800.31px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9108.39px;left:3472.78px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9108.39px;left:4011.18px;letter-spacing:-2.47px;white-space:nowrap">Yankee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9108.39px;left:4573.25px;letter-spacing:-0.12px;white-space:nowrap">Stadium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9108.39px;left:5214.85px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9108.39px;left:5791.64px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9108.39px;left:6273.55px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9300.39px;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:160px;position:absolute;top:9300.39px;left:2278.87px;white-space:nowrap">3/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9300.39px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9300.39px;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:160px;position:absolute;top:9300.39px;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:160px;position:absolute;top:8916.39px;left:7078.26px;white-space:nowrap">9/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:8916.39px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,912,424</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:779.21px;white-space:nowrap">1,515
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:1512px;white-space:nowrap">Onondaga
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:2345.59px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:2738.87px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:3777.25px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:4743px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:5112.28px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:5507.95px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;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:160px;position:absolute;top:9501.35px;left:6722.66px;letter-spacing:-0.96px;white-space:nowrap">Le
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9693.35px;left:1656px;white-space:nowrap">Moyne
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9693.35px;left:2198.07px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9693.35px;left:2813.91px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9693.35px;left:3390.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9693.35px;left:3872.61px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9693.35px;left:4320.6px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9693.35px;left:4943.47px;white-space:nowrap">7/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:9501.35px;left:8706.57px;white-space:nowrap">Baa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,527,968</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9894.3px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9894.3px;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:160px;position:absolute;top:9894.3px;left:2676.95px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9894.3px;left:2997.27px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9894.3px;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:160px;position:absolute;top:9894.3px;left:9686.42px;white-space:nowrap">74,898,273
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10208.62px;left:1512px;letter-spacing:-0.19px;white-space:nowrap">Financials
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10208.62px;left:2317.91px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10208.62px;left:2410.07px;white-space:nowrap">3.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10208.62px;left:2850.54px;white-space:nowrap">(2.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10208.62px;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:160px;font-weight:bold;position:absolute;top:10208.62px;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:160px;font-weight:bold;position:absolute;top:10208.62px;left:3961.57px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10477.58px;left:779.21px;white-space:nowrap">4,725</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10477.58px;left:1512px;letter-spacing:-0.24px;white-space:nowrap">Liberty
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10477.58px;left:2051.51px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10477.58px;left:3089.9px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10477.58px;left:4055.65px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10477.58px;left:4424.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10477.58px;left:4820.6px;white-space:nowrap">Goldman
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10477.58px;left:5544.91px;white-space:nowrap">Sachs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10669.58px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Headquarter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10669.58px;left:2624.31px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10669.58px;left:3296.78px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10669.58px;left:3839.01px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10669.58px;left:4320.92px;letter-spacing:-0.8px;white-space:nowrap">2005,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10669.58px;left:4768.91px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10669.58px;left:5391.78px;white-space:nowrap">10/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10477.58px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10477.58px;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:160px;position:absolute;top:10477.58px;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:160px;position:absolute;top:10477.58px;left:8867.2px;white-space:nowrap">A2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10477.58px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,305,844</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10870.54px;left:779.21px;white-space:nowrap">6,885
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10870.54px;left:1512px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10870.54px;left:2051.51px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10870.54px;left:3089.9px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10870.54px;left:4055.65px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10870.54px;left:4424.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10870.54px;left:4820.6px;white-space:nowrap">Goldman
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10870.54px;left:5544.91px;white-space:nowrap">Sachs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11062.54px;left:1656px;letter-spacing:-0.22px;white-space:nowrap">Headquarters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11062.54px;left:2695.34px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11062.54px;left:3367.82px;white-space:nowrap">Bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11062.54px;left:3873.25px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11062.54px;left:4355.16px;letter-spacing:-0.8px;white-space:nowrap">2007,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11062.54px;left:4803.15px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11062.54px;left:5426.02px;white-space:nowrap">10/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10870.54px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10870.54px;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:160px;position:absolute;top:10870.54px;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:160px;position:absolute;top:10870.54px;left:8867.2px;white-space:nowrap">A2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10870.54px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,816,678</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11263.5px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11263.5px;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:160px;position:absolute;top:11263.5px;left:9686.42px;white-space:nowrap">13,122,522
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11577.82px;left:1512px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11577.82px;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:160px;font-weight:bold;position:absolute;top:11577.82px;left:2459.99px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11577.82px;left:2552.15px;white-space:nowrap">16.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11577.82px;left:3095.99px;white-space:nowrap">(9.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11577.82px;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:160px;font-weight:bold;position:absolute;top:11577.82px;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:160px;font-weight:bold;position:absolute;top:11577.82px;left:4207.01px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11846.78px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11846.78px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11846.78px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11846.78px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11846.78px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11846.78px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11846.78px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11846.78px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11846.78px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12038.78px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12038.78px;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:160px;position:absolute;top:12038.78px;left:2870.7px;letter-spacing:-0.19px;white-space:nowrap">Northwell
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12038.78px;left:3621.89px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12038.78px;left:4137.09px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12038.78px;left:4924.44px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12230.78px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12230.78px;left:2137.91px;white-space:nowrap">2022A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12431.74px;left:686.41px;white-space:nowrap">10,470
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12431.74px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12431.74px;left:2278.87px;white-space:nowrap">5/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12431.74px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:12431.74px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12431.74px;left:9708.22px;letter-spacing:0px;white-space:nowrap">9,564,345</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12632.7px;left:779.21px;white-space:nowrap">4,745
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12632.7px;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:160px;position:absolute;top:12632.7px;left:2278.87px;white-space:nowrap">5/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12632.7px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:12632.7px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12632.7px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,873,162</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,[encoded data, 13004 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1039.28px;left:2198.23px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">Montefiore
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3043.98px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3831.33px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4377.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4859.8px;white-space:nowrap">2018A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">3,935</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1240.24px;left:2278.87px;white-space:nowrap">8/01/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">8/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1240.24px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1240.24px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,027,905
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:779.21px;white-space:nowrap">2,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1441.2px;left:2278.87px;white-space:nowrap">8/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:7078.26px;white-space:nowrap">8/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1441.2px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,552,400</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:779.21px;white-space:nowrap">3,060
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;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:160px;position:absolute;top:1642.16px;left:2278.87px;white-space:nowrap">8/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:7078.26px;white-space:nowrap">8/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1642.16px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,088,458</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:779.21px;white-space:nowrap">3,700
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:6042.97px;letter-spacing:-0.32px;white-space:nowrap">North
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">Shore
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:2123.51px;letter-spacing:-0.58px;white-space:nowrap">Long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:2534.07px;white-space:nowrap">Island
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:3005.43px;white-space:nowrap">Jewish
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:3539.34px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:4326.69px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:4873.24px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:5355.16px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:5915.15px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:1656px;white-space:nowrap">5/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:7078.26px;white-space:nowrap">5/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1843.12px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,747,878</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:2198.23px;white-space:nowrap">NYU
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:2570.39px;white-space:nowrap">Langone
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:3253.74px;white-space:nowrap">Hospitals
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:3966.53px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:4753.88px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:5300.43px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:1656px;white-space:nowrap">2020A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:779.21px;white-space:nowrap">9,150
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;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:160px;position:absolute;top:3013.03px;left:2278.87px;white-space:nowrap">7/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3013.03px;left:8853.44px;white-space:nowrap">A+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:9708.22px;letter-spacing:0px;white-space:nowrap">8,297,312</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:779.21px;white-space:nowrap">3,820
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;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:160px;position:absolute;top:3213.99px;left:2278.87px;white-space:nowrap">7/01/53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3213.99px;left:8853.44px;white-space:nowrap">A+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,441,858</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:6042.97px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:1656px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:2339.03px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:2959.99px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:3497.58px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:4284.93px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:4831.49px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:5313.4px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:5761.39px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">12/01/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:2407.98px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:7078.26px;white-space:nowrap">6/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;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:160px;position:absolute;top:3414.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,932,400</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:779.21px;white-space:nowrap">2,900
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:6042.97px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:1656px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:2339.03px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:2959.99px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:3497.58px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:4284.93px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:4831.49px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:5313.4px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:5761.39px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">12/01/35,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:2407.98px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:7078.26px;white-space:nowrap">6/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3999.91px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,867,027</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:1512px;white-space:nowrap">Dutchess
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:2223.67px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:2789.42px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:3211.66px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:4250.04px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:5215.79px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:2051.67px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:2724.15px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:3266.38px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:3781.57px;white-space:nowrap">Quest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:4262.68px;letter-spacing:-0.75px;white-space:nowrap">Systems,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:4931.47px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:5222.83px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4968.87px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4968.87px;left:2137.91px;white-space:nowrap">2016B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:779.21px;white-space:nowrap">4,120
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:5169.83px;left:2278.87px;white-space:nowrap">7/01/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5169.83px;left:8660.17px;white-space:nowrap">BBB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,249,450</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:913.61px;white-space:nowrap">750
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:5370.79px;left:2278.87px;white-space:nowrap">7/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5370.79px;left:8660.17px;white-space:nowrap">BBB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:9842.61px;letter-spacing:0px;white-space:nowrap">730,418</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:913.61px;white-space:nowrap">710
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:1512px;white-space:nowrap">Livingston
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:2298.23px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:2863.98px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:3578.53px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:4614.04px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:5240.75px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:5610.03px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:6005.7px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:6398.98px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;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:160px;position:absolute;top:5763.75px;left:2870.7px;white-space:nowrap">Nicholas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:3540.78px;letter-spacing:-1.6px;white-space:nowrap">H.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:3732.46px;white-space:nowrap">Noyes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:4233.09px;letter-spacing:-0.48px;white-space:nowrap">Hospital,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:4911.64px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:5393.55px;letter-spacing:-0.8px;white-space:nowrap">2005,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:5841.54px;letter-spacing:-0.6px;white-space:nowrap">6.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:1656px;white-space:nowrap">7/01/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5571.75px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:9841.61px;white-space:nowrap">711,285</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:779.21px;white-space:nowrap">1,770
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:1512px;letter-spacing:-0.41px;white-space:nowrap">Monroe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:2128.47px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:2694.22px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:3408.77px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:4447.16px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:5412.91px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:5782.18px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:6177.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:2198.23px;letter-spacing:-0.19px;white-space:nowrap">Rochester
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:2965.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:3587.65px;white-space:nowrap">Hospital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:4229.4px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:4806.2px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:5288.11px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:5736.1px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6540.71px;left:1656px;white-space:nowrap">12/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:6985.46px;white-space:nowrap">12/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6156.71px;left:8660.17px;white-space:nowrap">BBB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,728,069</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:779.21px;white-space:nowrap">3,470
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:1512px;letter-spacing:-0.41px;white-space:nowrap">Monroe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:2128.47px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:2694.22px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:3408.77px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:4447.16px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:5412.91px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:5782.18px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:6177.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6933.67px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6933.67px;left:2198.23px;letter-spacing:-0.19px;white-space:nowrap">Rochester
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6933.67px;left:2965.58px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6933.67px;left:3648.61px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6933.67px;left:4163.81px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6933.67px;left:4740.6px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6933.67px;left:5222.51px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6933.67px;left:5782.5px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7125.67px;left:1656px;white-space:nowrap">12/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;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:160px;position:absolute;top:6741.67px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:8660.17px;white-space:nowrap">BBB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,916,466</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:779.21px;white-space:nowrap">6,325
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:1512px;letter-spacing:-0.48px;white-space:nowrap">Westchester
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:2450.7px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:3016.45px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:3438.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:4477.08px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:5442.83px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:5812.1px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7518.63px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7518.63px;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:160px;position:absolute;top:7518.63px;left:2868.79px;letter-spacing:-0.48px;white-space:nowrap">Westchester
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7518.63px;left:3807.49px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7518.63px;left:4428.44px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7518.63px;left:4966.03px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7518.63px;left:5753.38px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7518.63px;left:6265.06px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7710.63px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7710.63px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7710.63px;left:2932.46px;letter-spacing:-0.8px;white-space:nowrap">2016,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7710.63px;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:160px;position:absolute;top:7710.63px;left:4003.32px;white-space:nowrap">11/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;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:160px;position:absolute;top:7326.63px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,083,701</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7911.59px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7911.59px;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:160px;position:absolute;top:7911.59px;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:160px;position:absolute;top:7911.59px;left:9686.42px;white-space:nowrap">60,812,134
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8225.91px;left:1512px;white-space:nowrap">Housing/Single
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8225.91px;left:2755.5px;letter-spacing:-0.7px;white-space:nowrap">Family
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8225.91px;left:3304.13px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8225.91px;left:3396.29px;white-space:nowrap">0.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8225.91px;left:3836.77px;white-space:nowrap">(0.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8225.91px;left:4331.96px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8225.91px;left:4531.32px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8225.91px;left:4947.8px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8494.87px;left:913.61px;white-space:nowrap">570</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8494.87px;left:1512px;white-space:nowrap">Guam
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8494.87px;left:1996.32px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8494.87px;left:2647.03px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8494.87px;left:3612.77px;letter-spacing:-0.3px;white-space:nowrap">Mortgage-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8494.87px;left:4968.44px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8494.87px;left:5714.02px;letter-spacing:-1.56px;white-space:nowrap">Program
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8494.87px;left:6375.14px;white-space:nowrap">Single
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8686.87px;left:1656px;letter-spacing:-1.1px;white-space:nowrap">Family
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8686.87px;left:2163.36px;letter-spacing:-0.21px;white-space:nowrap">Mortgage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8686.87px;left:2928.47px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8686.87px;left:3600.94px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8686.87px;left:4143.17px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8686.87px;left:4625.08px;letter-spacing:-0.69px;white-space:nowrap">1998A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8686.87px;left:5185.07px;letter-spacing:-0.6px;white-space:nowrap">5.750%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8686.87px;left:5807.94px;letter-spacing:-0.53px;white-space:nowrap">9/01/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8686.87px;left:6467.13px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8494.87px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8494.87px;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:160px;position:absolute;top:8494.87px;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:160px;position:absolute;top:8494.87px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8494.87px;left:9841.61px;white-space:nowrap">571,436</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8887.83px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8887.83px;left:1902.08px;white-space:nowrap">Housing/Single
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8887.83px;left:3068.14px;letter-spacing:-1.28px;white-space:nowrap">Family</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8887.83px;left:9913.61px;white-space:nowrap">571,436
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9202.15px;left:1512px;white-space:nowrap">Industrials
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9202.15px;left:2364.47px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9202.15px;left:2456.62px;white-space:nowrap">1.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9202.15px;left:2897.1px;white-space:nowrap">(0.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9202.15px;left:3392.3px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9202.15px;left:3591.65px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9202.15px;left:4008.13px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9471.11px;left:779.21px;white-space:nowrap">5,125</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9471.11px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9471.11px;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:160px;position:absolute;top:9471.11px;left:2240.15px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9471.11px;left:2779.66px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9471.11px;left:3818.05px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9471.11px;left:4783.8px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9471.11px;left:5153.07px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9471.11px;left:5548.75px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9471.11px;left:6088.26px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9663.11px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9663.11px;left:2198.23px;white-space:nowrap">3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9663.11px;left:2329.11px;letter-spacing:-0.96px;white-space:nowrap">World
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9663.11px;left:2812.63px;letter-spacing:-2.72px;white-space:nowrap">Trade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9663.11px;left:3263.98px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9663.11px;left:3801.57px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9663.11px;left:4378.36px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9663.11px;left:4801.4px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9663.11px;left:4934.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9663.11px;left:5416.1px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9663.11px;left:5864.1px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9855.11px;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:160px;position:absolute;top:9855.11px;left:2407.98px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9471.11px;left:6985.46px;white-space:nowrap">11/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9471.11px;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:160px;position:absolute;top:9471.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9471.11px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9471.11px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,934,094</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10056.07px;left:1006.4px;white-space:nowrap">40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10056.07px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10056.07px;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:160px;position:absolute;top:10056.07px;left:2240.15px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10056.07px;left:2779.66px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10056.07px;left:3818.05px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10056.07px;left:4783.8px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10056.07px;left:5153.07px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10056.07px;left:5548.75px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10056.07px;left:6088.26px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10248.07px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10248.07px;left:2198.23px;white-space:nowrap">7
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10248.07px;left:2329.11px;letter-spacing:-0.96px;white-space:nowrap">World
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10248.07px;left:2812.63px;letter-spacing:-2.72px;white-space:nowrap">Trade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10248.07px;left:3263.98px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10248.07px;left:3801.57px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10248.07px;left:4378.36px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10248.07px;left:5172.92px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10248.07px;left:5668.27px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10248.07px;left:6150.18px;white-space:nowrap">2022A-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10440.07px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">CL2,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10440.07px;left:2022.39px;letter-spacing:-0.6px;white-space:nowrap">3.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10440.07px;left:2645.26px;white-space:nowrap">9/15/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10056.07px;left:7078.26px;white-space:nowrap">3/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:10056.07px;left:8867.2px;white-space:nowrap">A2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10056.07px;left:9934.41px;white-space:nowrap">30,727</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10641.02px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10641.02px;left:1902.08px;white-space:nowrap">Industrials</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10641.02px;left:9779.22px;white-space:nowrap">4,964,821
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10955.34px;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:160px;font-weight:bold;position:absolute;top:10955.34px;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:160px;font-weight:bold;position:absolute;top:10955.34px;left:2755.03px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10955.34px;left:2847.19px;white-space:nowrap">0.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10955.34px;left:3287.67px;white-space:nowrap">(0.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10955.34px;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:160px;font-weight:bold;position:absolute;top:10955.34px;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:160px;font-weight:bold;position:absolute;top:10955.34px;left:4398.69px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11224.3px;left:779.21px;white-space:nowrap">1,275</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11224.3px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11224.3px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11224.3px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11224.3px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11224.3px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11224.3px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11224.3px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11224.3px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11224.3px;left:4828.27px;letter-spacing:-0.26px;white-space:nowrap">Non-State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11224.3px;left:5596.58px;letter-spacing:-0.19px;white-space:nowrap">Supported
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11224.3px;left:6420.57px;letter-spacing:-0.8px;white-space:nowrap">Debt,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11416.3px;left:1656px;white-space:nowrap">Ozanam
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11416.3px;left:2307.83px;white-space:nowrap">Hall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11416.3px;left:2628.79px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11416.3px;left:2817.59px;white-space:nowrap">Queens
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11416.3px;left:3432.46px;white-space:nowrap">Nursing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11416.3px;left:4050.37px;white-space:nowrap">Home
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11416.3px;left:4535.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11416.3px;left:5208.28px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11416.3px;left:5750.51px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11416.3px;left:6232.42px;letter-spacing:-0.8px;white-space:nowrap">2006,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11608.3px;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:160px;position:absolute;top:11608.3px;left:2278.87px;white-space:nowrap">11/01/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11224.3px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11224.3px;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:160px;position:absolute;top:11224.3px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11224.3px;left:8867.2px;white-space:nowrap">A1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11224.3px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,284,346</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11809.26px;left:913.61px;white-space:nowrap">340
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11809.26px;left:1512px;letter-spacing:-0.41px;white-space:nowrap">Monroe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11809.26px;left:2128.47px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11809.26px;left:2694.22px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11809.26px;left:3408.77px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11809.26px;left:4447.16px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11809.26px;left:5412.91px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11809.26px;left:5782.18px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11809.26px;left:6177.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12001.26px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12001.26px;left:2198.23px;white-space:nowrap">Saint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12001.26px;left:2594.71px;white-space:nowrap">Ann&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12001.26px;left:3045.26px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12001.26px;left:3933.57px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12001.26px;left:4510.37px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12001.26px;left:4992.28px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12001.26px;left:5440.27px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12001.26px;left:6063.14px;white-space:nowrap">1/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11809.26px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11809.26px;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:160px;position:absolute;top:11809.26px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11809.26px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11809.26px;left:9841.61px;white-space:nowrap">291,040</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12202.22px;left:913.61px;white-space:nowrap">295
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12202.22px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12202.22px;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:160px;position:absolute;top:12202.22px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12202.22px;left:2564.15px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12202.22px;left:3278.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12202.22px;left:4314.2px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12202.22px;left:4940.92px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12202.22px;left:5310.19px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12202.22px;left:5705.87px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12202.22px;left:6099.14px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12394.22px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12394.22px;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:160px;position:absolute;top:12394.22px;left:2870.7px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12394.22px;left:3439.82px;white-space:nowrap">Needs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12394.22px;left:3958.05px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12394.22px;left:4619.33px;letter-spacing:-1.65px;white-space:nowrap">Pooled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12394.22px;left:5169.88px;letter-spacing:-1.92px;white-space:nowrap">Program,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12394.22px;left:5867.79px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12394.22px;left:6349.71px;white-space:nowrap">2008A-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12586.22px;left:1656px;letter-spacing:-1.6px;white-space:nowrap">1,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12586.22px;left:1825.6px;letter-spacing:-0.6px;white-space:nowrap">5.800%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12586.22px;left:2448.47px;letter-spacing:-0.53px;white-space:nowrap">7/01/23,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12586.22px;left:3107.65px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12202.22px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12202.22px;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:160px;position:absolute;top:12202.22px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12202.22px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12202.22px;left:9841.61px;white-space:nowrap">290,861</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1875.64px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2652.21px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3773.16px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5307.56px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6467.89px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:7295.31px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4681.96px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:5096.61px;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">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">NAN</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 13080 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;font-weight:bold;position:absolute;top:578.32px;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:160px;font-weight:bold;position:absolute;top:578.32px;left:2360.15px;letter-spacing:-0.82px;white-space:nowrap">Care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:578.32px;left:2795.03px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1006.4px;white-space:nowrap">75</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1512px;letter-spacing:-2.16px;white-space:nowrap">Yonkers
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2123.51px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2838.06px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3873.57px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4500.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4869.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5265.23px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5658.51px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1039.28px;left:2870.7px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3439.82px;white-space:nowrap">Needs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3958.05px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4619.33px;letter-spacing:-1.65px;white-space:nowrap">Pooled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5169.88px;letter-spacing:-1.56px;white-space:nowrap">Program
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5831px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:6373.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">2008-C1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:2363.19px;letter-spacing:-0.6px;white-space:nowrap">5.800%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:2986.05px;letter-spacing:-0.53px;white-space:nowrap">7/01/23,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:3645.24px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:847.28px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:9934.41px;white-space:nowrap">74,134
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;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:160px;position:absolute;top:1432.24px;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:160px;position:absolute;top:1432.24px;left:9779.22px;white-space:nowrap">1,940,381
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1746.56px;left:1512px;letter-spacing:-0.11px;white-space:nowrap">Materials
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1746.56px;left:2273.11px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1746.56px;left:2365.27px;white-space:nowrap">0.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1746.56px;left:2805.74px;white-space:nowrap">(0.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1746.56px;left:3300.94px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1746.56px;left:3500.3px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1746.56px;left:3916.77px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:779.21px;white-space:nowrap">1,935</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:1512px;white-space:nowrap">Build
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:1928.96px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:2298.23px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:2657.11px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:2981.1px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:3694.53px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:4660.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:5029.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:5425.23px;white-space:nowrap">Solid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:5833.55px;letter-spacing:-0.96px;white-space:nowrap">Waste
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2207.52px;left:1656px;white-space:nowrap">Disposal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2207.52px;left:2324.31px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2207.52px;left:2996.78px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2207.52px;left:3539.02px;letter-spacing:-2.19px;white-space:nowrap">Pratt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2207.52px;left:3903.17px;letter-spacing:-1.6px;white-space:nowrap">Paper
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2207.52px;left:4362.52px;letter-spacing:-4.32px;white-space:nowrap">NY,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2207.52px;left:4645.4px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2207.52px;left:4936.76px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2207.52px;left:5513.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2207.52px;left:5995.46px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2399.52px;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:160px;position:absolute;top:2399.52px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/01/35,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2399.52px;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:160px;position:absolute;top:2399.52px;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:160px;position:absolute;top:2015.52px;left:7078.26px;white-space:nowrap">1/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,964,605</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2600.48px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2600.48px;left:1902.08px;letter-spacing:-0.18px;white-space:nowrap">Materials</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2600.48px;left:9779.22px;white-space:nowrap">1,964,605
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2914.79px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2914.79px;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:160px;font-weight:bold;position:absolute;top:2914.79px;left:3370.38px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2914.79px;left:3462.54px;white-space:nowrap">12.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2914.79px;left:4006.37px;white-space:nowrap">(7.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2914.79px;left:4501.57px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2914.79px;left:4700.93px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2914.79px;left:5117.4px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3183.75px;left:779.21px;white-space:nowrap">3,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3183.75px;left:1512px;white-space:nowrap">Nassau
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3183.75px;left:2080.15px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3183.75px;left:2676.94px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3183.75px;left:3046.22px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3183.75px;left:3441.9px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3183.75px;left:4063.97px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3183.75px;left:4888.6px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3183.75px;left:5430.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3375.75px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3375.75px;left:2679.03px;white-space:nowrap">Bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3375.75px;left:3184.46px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3375.75px;left:3666.37px;letter-spacing:-0.69px;white-space:nowrap">2019B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3375.75px;left:4216.12px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3375.75px;left:4838.99px;white-space:nowrap">4/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3375.75px;left:5461.38px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3375.75px;left:5549.7px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3375.75px;left:5965.21px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3183.75px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3183.75px;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:160px;position:absolute;top:3183.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3183.75px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3183.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,190,770</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3576.71px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3576.71px;left:1512px;white-space:nowrap">Nassau
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3576.71px;left:2080.15px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3576.71px;left:2676.94px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3576.71px;left:3046.22px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3576.71px;left:3441.9px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3576.71px;left:4063.97px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3576.71px;left:4888.6px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3576.71px;left:5430.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3768.71px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3768.71px;left:2679.03px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3768.71px;left:3160.94px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3768.71px;left:3720.93px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3768.71px;left:4343.8px;white-space:nowrap">4/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3768.71px;left:4966.19px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3768.71px;left:5054.51px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3768.71px;left:5470.02px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3576.71px;left:7078.26px;white-space:nowrap">4/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3576.71px;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:160px;position:absolute;top:3576.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3576.71px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3576.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,224,450</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3969.67px;left:779.21px;white-space:nowrap">1,720
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3969.67px;left:1512px;white-space:nowrap">Nassau
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3969.67px;left:2080.15px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3969.67px;left:2676.94px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3969.67px;left:3046.22px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3969.67px;left:3441.9px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3969.67px;left:4063.97px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3969.67px;left:4888.6px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3969.67px;left:5430.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4161.67px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4161.67px;left:2679.03px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4161.67px;left:3160.94px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4161.67px;left:3720.93px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4161.67px;left:4343.8px;white-space:nowrap">4/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4161.67px;left:4966.19px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4161.67px;left:5054.51px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4161.67px;left:5470.02px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3969.67px;left:7078.26px;white-space:nowrap">4/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3969.67px;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:160px;position:absolute;top:3969.67px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3969.67px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3969.67px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,606,600</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4362.63px;left:913.61px;white-space:nowrap">500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4362.63px;left:1512px;white-space:nowrap">Nassau
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4362.63px;left:2080.15px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4362.63px;left:2676.94px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4362.63px;left:3046.22px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4362.63px;left:3441.9px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4362.63px;left:4063.97px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4362.63px;left:4888.6px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4362.63px;left:5430.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4554.63px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4554.63px;left:2679.03px;letter-spacing:-0.6px;white-space:nowrap">Series,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4554.63px;left:3197.74px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4554.63px;left:3992.29px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4554.63px;left:4552.28px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4554.63px;left:5175.15px;white-space:nowrap">1/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4362.63px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4362.63px;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:160px;position:absolute;top:4362.63px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4362.63px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4362.63px;left:9841.61px;white-space:nowrap">514,940</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4755.59px;left:779.21px;white-space:nowrap">1,395
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4755.59px;left:1512px;white-space:nowrap">Nassau
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4755.59px;left:2080.15px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4755.59px;left:2676.94px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4755.59px;left:3046.22px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4755.59px;left:3441.9px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4755.59px;left:4063.97px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4755.59px;left:4888.6px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4755.59px;left:5430.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4947.59px;left:1656px;letter-spacing:-0.26px;white-space:nowrap">Improvment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4947.59px;left:2587.51px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4947.59px;left:3069.42px;letter-spacing:-0.69px;white-space:nowrap">2016C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4947.59px;left:3632.61px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4947.59px;left:4255.48px;white-space:nowrap">4/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4755.59px;left:7078.26px;white-space:nowrap">4/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4755.59px;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:160px;position:absolute;top:4755.59px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4755.59px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4755.59px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,453,088</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5148.55px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5148.55px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5148.55px;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:160px;position:absolute;top:5148.55px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5148.55px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5148.55px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5148.55px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5148.55px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5148.55px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5148.55px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5148.55px;left:5792.91px;white-space:nowrap">2014
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5148.55px;left:6204.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5340.55px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5340.55px;left:1988.8px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5340.55px;left:2611.66px;white-space:nowrap">8/01/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5148.55px;left:7078.26px;white-space:nowrap">8/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5148.55px;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:160px;position:absolute;top:5148.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5148.55px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5148.55px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,033,900</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5541.51px;left:779.21px;white-space:nowrap">4,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5541.51px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5541.51px;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:160px;position:absolute;top:5541.51px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5541.51px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5541.51px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5541.51px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5541.51px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5541.51px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5541.51px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5541.51px;left:5792.91px;white-space:nowrap">2018
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5541.51px;left:6204.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5733.51px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">B-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5733.51px;left:1978.55px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5733.51px;left:2601.42px;white-space:nowrap">10/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5541.51px;left:6985.46px;white-space:nowrap">10/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5541.51px;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:160px;position:absolute;top:5541.51px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5541.51px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5541.51px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,284,080</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5934.47px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5934.47px;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:160px;position:absolute;top:5934.47px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5934.47px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5934.47px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5934.47px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5934.47px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5934.47px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5934.47px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6126.47px;left:1656px;white-space:nowrap">2018
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6126.47px;left:2067.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6126.47px;left:2549.1px;white-space:nowrap">E-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6327.43px;left:779.21px;white-space:nowrap">7,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6327.43px;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:160px;position:absolute;top:6327.43px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">3/01/38,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6327.43px;left:2938.06px;white-space:nowrap">(UB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6327.43px;left:3329.41px;white-space:nowrap">(5)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6327.43px;left:7078.26px;white-space:nowrap">3/28
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6327.43px;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:160px;position:absolute;top:6327.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6327.43px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6327.43px;left:9708.22px;letter-spacing:0px;white-space:nowrap">7,457,520</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6528.39px;left:779.21px;white-space:nowrap">4,210
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6528.39px;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:160px;position:absolute;top:6528.39px;left:2278.87px;white-space:nowrap">3/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6528.39px;left:7078.26px;white-space:nowrap">3/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6528.39px;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:160px;position:absolute;top:6528.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6528.39px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6528.39px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,476,619</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6729.35px;left:779.21px;white-space:nowrap">4,390
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:6729.35px;left:2278.87px;white-space:nowrap">3/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6729.35px;left:7078.26px;white-space:nowrap">3/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6729.35px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6729.35px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,657,351</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6930.31px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6930.31px;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:160px;position:absolute;top:6930.31px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6930.31px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6930.31px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6930.31px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6930.31px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6930.31px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6930.31px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7122.31px;left:1656px;white-space:nowrap">2018
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7122.31px;left:2067.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7122.31px;left:2549.1px;letter-spacing:-0.48px;white-space:nowrap">F-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7323.27px;left:779.21px;white-space:nowrap">2,270
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7323.27px;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:160px;position:absolute;top:7323.27px;left:2278.87px;white-space:nowrap">4/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7323.27px;left:7078.26px;white-space:nowrap">4/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:7323.27px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7323.27px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,410,286</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:779.21px;white-space:nowrap">1,420
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;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:160px;position:absolute;top:7524.23px;left:2278.87px;white-space:nowrap">4/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:7078.26px;white-space:nowrap">4/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;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:160px;position:absolute;top:7524.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,500,443</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7725.19px;left:779.21px;white-space:nowrap">3,110
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7725.19px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7725.19px;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:160px;position:absolute;top:7725.19px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7725.19px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7725.19px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7725.19px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7725.19px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7725.19px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7725.19px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7725.19px;left:5792.91px;white-space:nowrap">2021
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7725.19px;left:6204.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7725.19px;left:6686.01px;letter-spacing:-1.6px;white-space:nowrap">C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7917.19px;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:160px;position:absolute;top:7917.19px;left:2278.87px;white-space:nowrap">8/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7725.19px;left:7078.26px;white-space:nowrap">8/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:7725.19px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7725.19px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,327,545</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8118.15px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8118.15px;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:160px;position:absolute;top:8118.15px;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:160px;position:absolute;top:8118.15px;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:160px;position:absolute;top:8118.15px;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:160px;position:absolute;top:8118.15px;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:160px;position:absolute;top:8118.15px;left:5372.75px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8310.15px;left:1656px;white-space:nowrap">2022A-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8511.11px;left:913.61px;white-space:nowrap">500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8511.11px;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:160px;position:absolute;top:8511.11px;left:2278.87px;white-space:nowrap">7/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8511.11px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8511.11px;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:160px;position:absolute;top:8511.11px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8511.11px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8511.11px;left:9842.61px;letter-spacing:0px;white-space:nowrap">427,605</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8712.07px;left:779.21px;white-space:nowrap">1,506
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:8712.07px;left:2278.87px;white-space:nowrap">7/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8712.07px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:8712.07px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8712.07px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8712.07px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,244,046</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8913.02px;left:779.21px;white-space:nowrap">2,088
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8913.02px;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:160px;position:absolute;top:8913.02px;left:2278.87px;white-space:nowrap">7/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8913.02px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:8913.02px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8913.02px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8913.02px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,662,675</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9113.98px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9113.98px;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:160px;position:absolute;top:9113.98px;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:160px;position:absolute;top:9113.98px;left:9686.42px;white-space:nowrap">48,471,918
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9428.3px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9428.3px;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:160px;font-weight:bold;position:absolute;top:9428.3px;left:3345.9px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9428.3px;left:3438.05px;white-space:nowrap">33.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9428.3px;left:3981.89px;white-space:nowrap">(20.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9428.3px;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:160px;font-weight:bold;position:absolute;top:9428.3px;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:160px;font-weight:bold;position:absolute;top:9428.3px;left:5196.28px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.26px;left:779.21px;white-space:nowrap">2,080</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.26px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.26px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.26px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.26px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.26px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.26px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.26px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.26px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.26px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.26px;left:5234.34px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.26px;left:5892.25px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.26px;left:6473.53px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9889.26px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9889.26px;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:160px;position:absolute;top:9889.26px;left:2870.7px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9889.26px;left:3492.78px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9889.26px;left:4130.37px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9889.26px;left:4612.28px;letter-spacing:-0.69px;white-space:nowrap">2014C.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9889.26px;left:5175.47px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9889.26px;left:5687.14px;letter-spacing:-1.6px;white-space:nowrap">C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9889.26px;left:5879.14px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10081.26px;left:1656px;white-space:nowrap">3/15/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.26px;left:7078.26px;white-space:nowrap">3/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.26px;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:160px;position:absolute;top:9697.26px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.26px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.26px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,102,173</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10282.22px;left:779.21px;white-space:nowrap">7,710
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10282.22px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10282.22px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10282.22px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10282.22px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10282.22px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10282.22px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10282.22px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10282.22px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10282.22px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10282.22px;left:5234.34px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10282.22px;left:5892.25px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10282.22px;left:6473.53px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10474.22px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10474.22px;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:160px;position:absolute;top:10474.22px;left:2870.7px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10474.22px;left:3492.78px;letter-spacing:-1.39px;white-space:nowrap">Purpose,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10474.22px;left:4167.17px;white-space:nowrap">Bidding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10474.22px;left:4786.84px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10474.22px;left:5298.51px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10474.22px;left:5427.47px;letter-spacing:-0.72px;white-space:nowrap">Through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10474.22px;left:6088.91px;letter-spacing:-1.6px;white-space:nowrap">5,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10474.22px;left:6258.5px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10666.22px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10666.22px;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:160px;position:absolute;top:10666.22px;left:2838.86px;white-space:nowrap">3/15/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10282.22px;left:7078.26px;white-space:nowrap">9/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10282.22px;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:160px;position:absolute;top:10282.22px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10282.22px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10282.22px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,380,783</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10867.18px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10867.18px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10867.18px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10867.18px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10867.18px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10867.18px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10867.18px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10867.18px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10867.18px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10867.18px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10867.18px;left:5234.34px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10867.18px;left:5892.25px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10867.18px;left:6473.53px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11059.18px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11059.18px;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:160px;position:absolute;top:11059.18px;left:2870.7px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11059.18px;left:3492.78px;letter-spacing:-1.39px;white-space:nowrap">Purpose,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11059.18px;left:4167.17px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11059.18px;left:4649.08px;letter-spacing:-0.69px;white-space:nowrap">2019A.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11059.18px;left:5209.07px;white-space:nowrap">Bidding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11059.18px;left:5828.74px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11059.18px;left:6340.42px;letter-spacing:-0.53px;white-space:nowrap">1,2,3,4,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11251.18px;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:160px;position:absolute;top:11251.18px;left:2278.87px;white-space:nowrap">3/15/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10867.18px;left:7078.26px;white-space:nowrap">3/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10867.18px;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:160px;position:absolute;top:10867.18px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10867.18px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10867.18px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,697,900</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11452.14px;left:779.21px;white-space:nowrap">1,135
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11452.14px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11452.14px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11452.14px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11452.14px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11452.14px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11452.14px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11452.14px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11452.14px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11452.14px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11452.14px;left:5234.34px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11452.14px;left:5892.25px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11452.14px;left:6473.53px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11644.14px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11644.14px;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:160px;position:absolute;top:11644.14px;left:2870.7px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11644.14px;left:3492.78px;letter-spacing:-1.39px;white-space:nowrap">Purpose,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11644.14px;left:4167.17px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11644.14px;left:4649.08px;letter-spacing:-1.78px;white-space:nowrap">2019D,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11644.14px;left:5210.51px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11644.14px;left:5833.38px;white-space:nowrap">2/15/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11452.14px;left:7078.26px;white-space:nowrap">2/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11452.14px;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:160px;position:absolute;top:11452.14px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11452.14px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11452.14px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,131,107</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11845.1px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11845.1px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11845.1px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11845.1px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11845.1px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11845.1px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11845.1px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11845.1px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11845.1px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11845.1px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11845.1px;left:5234.34px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11845.1px;left:5649.06px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11845.1px;left:5927.78px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12037.1px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12037.1px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12037.1px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2015B.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12037.1px;left:3229.89px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12037.1px;left:3738.69px;letter-spacing:-0.69px;white-space:nowrap">A,B&amp;C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12037.1px;left:4298.68px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12037.1px;left:4921.55px;white-space:nowrap">3/15/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11845.1px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11845.1px;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:160px;position:absolute;top:11845.1px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11845.1px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11845.1px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,046,280</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12238.06px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12238.06px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12238.06px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12238.06px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12238.06px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12238.06px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12238.06px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12238.06px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12238.06px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12238.06px;left:5234.34px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12238.06px;left:5649.06px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12430.06px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12430.06px;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:160px;position:absolute;top:12430.06px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12430.06px;left:3352.62px;white-space:nowrap">2018A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12631.02px;left:779.21px;white-space:nowrap">3,990
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12631.02px;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:160px;position:absolute;top:12631.02px;left:2278.87px;white-space:nowrap">3/15/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12631.02px;left:7078.26px;white-space:nowrap">3/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12631.02px;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:160px;position:absolute;top:12631.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12631.02px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12631.02px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,245,999</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12831.98px;left:779.21px;white-space:nowrap">6,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12831.98px;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:160px;position:absolute;top:12831.98px;left:2278.87px;white-space:nowrap">3/15/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12831.98px;left:7078.26px;white-space:nowrap">3/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12831.98px;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:160px;position:absolute;top:12831.98px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12831.98px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12831.98px;left:9708.22px;letter-spacing:0px;white-space:nowrap">6,339,000</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(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,[encoded data, 12524 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">Government
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;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:160px;position:absolute;top:847.28px;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:160px;position:absolute;top:847.28px;left:3180.94px;white-space:nowrap">Business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;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:160px;position:absolute;top:847.28px;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:160px;position:absolute;top:847.28px;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:160px;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:160px;position:absolute;top:1039.28px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2932.46px;white-space:nowrap">2015D:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">3,225</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1240.24px;left:2278.87px;white-space:nowrap">11/15/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1240.24px;left:8868.48px;white-space:nowrap">BB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1240.24px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,301,723
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:779.21px;white-space:nowrap">2,355</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1441.2px;left:2278.87px;white-space:nowrap">11/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1441.2px;left:8868.48px;white-space:nowrap">BB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,365,809</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:1512px;white-space:nowrap">Hudson
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:2119.67px;letter-spacing:-2.88px;white-space:nowrap">Yards
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:2554.71px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:3559.81px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:4525.56px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:4894.83px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:5290.51px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:5962.98px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:2151.35px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:2595.19px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:3006.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:3485.42px;letter-spacing:-1.6px;white-space:nowrap">A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:3674.22px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:4297.08px;white-space:nowrap">2/15/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:7078.26px;white-space:nowrap">2/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1642.16px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,020,920</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:779.21px;white-space:nowrap">3,750
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:1512px;white-space:nowrap">Hudson
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:2119.67px;letter-spacing:-2.88px;white-space:nowrap">Yards
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:2554.71px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:3559.81px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:4525.56px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:4894.83px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:5290.51px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:5962.98px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:1656px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:2250.39px;letter-spacing:-0.29px;white-space:nowrap">Indenture
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:3001.26px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:3445.1px;white-space:nowrap">2017
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:3856.29px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:4335.33px;letter-spacing:-1.6px;white-space:nowrap">A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:4524.13px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:5146.99px;white-space:nowrap">2/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:7078.26px;white-space:nowrap">2/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2035.12px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,922,913</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:779.21px;white-space:nowrap">7,265
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:5092.59px;letter-spacing:-0.16px;white-space:nowrap">Dedicated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:5891.31px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:6170.02px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:3240.13px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:3863px;white-space:nowrap">11/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:2428.07px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,963,430</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:779.21px;white-space:nowrap">3,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;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:160px;position:absolute;top:2821.03px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:5545.55px;white-space:nowrap">Building
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:6193.71px;white-space:nowrap">Aid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;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:160px;position:absolute;top:3013.03px;left:2870.7px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:3314.54px;letter-spacing:-0.8px;white-space:nowrap">2018,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:3762.53px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:4244.44px;letter-spacing:-0.53px;white-space:nowrap">2017S-3,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:4926.67px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:5549.54px;white-space:nowrap">7/15/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2821.03px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,752,945</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;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:160px;position:absolute;top:3213.99px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:5545.55px;white-space:nowrap">Building
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:6193.71px;white-space:nowrap">Aid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3405.99px;left:2870.7px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:3314.54px;white-space:nowrap">2019
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:3725.73px;white-space:nowrap">Subseries
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:4473.56px;letter-spacing:-0.96px;white-space:nowrap">S-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:4784.6px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:5407.46px;white-space:nowrap">7/15/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3213.99px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,112,140</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:913.61px;white-space:nowrap">890
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;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:160px;position:absolute;top:3606.95px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:5545.55px;white-space:nowrap">Building
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:6193.71px;white-space:nowrap">Aid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3798.95px;left:2870.7px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:3314.54px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:3796.45px;letter-spacing:-0.53px;white-space:nowrap">2016S-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:4478.68px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:5101.55px;white-space:nowrap">7/15/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3606.95px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:9841.61px;white-space:nowrap">926,926</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:779.21px;white-space:nowrap">3,090
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;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:160px;position:absolute;top:3999.91px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:5545.55px;letter-spacing:-1.37px;white-space:nowrap">Future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:6047.79px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:2298.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:2841.1px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:3779.65px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:4223.49px;white-space:nowrap">2013
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:4634.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:5116.6px;letter-spacing:-1.34px;white-space:nowrap">F-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:5425.39px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:6048.26px;white-space:nowrap">2/01/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3999.91px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,094,295</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4392.87px;left:779.21px;white-space:nowrap">4,170
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4392.87px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4392.87px;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:160px;position:absolute;top:4392.87px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4392.87px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4392.87px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4392.87px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4392.87px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4392.87px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4392.87px;left:5545.55px;letter-spacing:-1.37px;white-space:nowrap">Future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4392.87px;left:6047.79px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:2298.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:2841.1px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:3779.65px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:4223.49px;white-space:nowrap">2014
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:4634.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:5116.6px;letter-spacing:-0.96px;white-space:nowrap">D-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:5458.51px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:6081.38px;white-space:nowrap">2/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4392.87px;left:7078.26px;white-space:nowrap">2/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4392.87px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4392.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,228,338</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;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:160px;position:absolute;top:4785.83px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:5545.55px;letter-spacing:-1.37px;white-space:nowrap">Future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:6047.79px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:2298.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:2841.1px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:3779.65px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:4223.49px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:4634.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:5113.72px;letter-spacing:-0.96px;white-space:nowrap">A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:5446.51px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:6069.38px;white-space:nowrap">8/01/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:7078.26px;white-space:nowrap">8/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4785.83px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,161,800</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:913.61px;white-space:nowrap">845
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;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:160px;position:absolute;top:5178.79px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:5545.55px;letter-spacing:-1.37px;white-space:nowrap">Future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:6047.79px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:2298.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:2841.1px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:3779.65px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:4223.49px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:4634.68px;white-space:nowrap">Subseries
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:5382.51px;letter-spacing:-0.96px;white-space:nowrap">C-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:5718.5px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:1656px;white-space:nowrap">2/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:7078.26px;white-space:nowrap">2/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5178.79px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:9841.61px;white-space:nowrap">822,109</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;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:160px;position:absolute;top:5763.75px;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:160px;position:absolute;top:5763.75px;left:2642.39px;letter-spacing:-0.36px;white-space:nowrap">Thruway
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:3294.54px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:4038.69px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:4444.76px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:5102.67px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;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:160px;position:absolute;top:5955.75px;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:160px;position:absolute;top:5955.75px;left:3149.42px;white-space:nowrap">Bidding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:3769.1px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:4280.77px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:4413.57px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:4895.48px;white-space:nowrap">2022A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:779.21px;white-space:nowrap">3,730
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;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:160px;position:absolute;top:6156.71px;left:2278.87px;white-space:nowrap">3/15/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:7078.26px;white-space:nowrap">9/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6156.71px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,045,483</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6357.67px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6357.67px;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:160px;position:absolute;top:6357.67px;left:2278.87px;white-space:nowrap">3/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6357.67px;left:7078.26px;white-space:nowrap">9/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6357.67px;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:160px;position:absolute;top:6357.67px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6357.67px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6357.67px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,078,850</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:6558.63px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;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:160px;position:absolute;top:6558.63px;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:160px;position:absolute;top:6558.63px;left:2642.39px;letter-spacing:-0.36px;white-space:nowrap">Thruway
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:3294.54px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:4038.69px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:4444.76px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:5102.67px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:5683.95px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:5962.67px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6750.63px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6750.63px;left:2198.23px;letter-spacing:-0.2px;white-space:nowrap">Climate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6750.63px;left:2801.1px;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:160px;position:absolute;top:6750.63px;left:3472.77px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6750.63px;left:3968.13px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6750.63px;left:4450.04px;letter-spacing:-0.69px;white-space:nowrap">2022C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6750.63px;left:5013.23px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6750.63px;left:5636.1px;white-space:nowrap">3/15/53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:7078.26px;white-space:nowrap">9/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6558.63px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,073,790</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:779.21px;white-space:nowrap">2,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;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:160px;position:absolute;top:6951.59px;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:160px;position:absolute;top:6951.59px;left:2646.23px;white-space:nowrap">Urban
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:3137.74px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:4176.13px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:5141.87px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:5547.95px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:6205.86px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7143.59px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7143.59px;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:160px;position:absolute;top:7143.59px;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:160px;position:absolute;top:7143.59px;left:3149.42px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7143.59px;left:3771.5px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7143.59px;left:4409.09px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7143.59px;left:4920.76px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7143.59px;left:5090.36px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7143.59px;left:5572.27px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7143.59px;left:6132.26px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7335.59px;left:1656px;white-space:nowrap">3/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:7078.26px;white-space:nowrap">9/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;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:160px;position:absolute;top:6951.59px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,328,575</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7536.55px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7536.55px;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:160px;position:absolute;top:7536.55px;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:160px;position:absolute;top:7536.55px;left:2646.23px;white-space:nowrap">Urban
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7536.55px;left:3137.74px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7536.55px;left:4176.13px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7536.55px;left:5141.87px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7728.55px;left:1656px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7728.55px;left:2313.91px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7728.55px;left:2895.19px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7728.55px;left:3173.91px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7728.55px;left:3846.38px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7728.55px;left:4388.61px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7728.55px;left:5010.68px;letter-spacing:-1.39px;white-space:nowrap">Purpose,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7920.55px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7920.55px;left:2137.91px;white-space:nowrap">2020C:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8121.51px;left:779.21px;white-space:nowrap">4,135
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8121.51px;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:160px;position:absolute;top:8121.51px;left:2278.87px;white-space:nowrap">3/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8121.51px;left:7078.26px;white-space:nowrap">9/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8121.51px;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:160px;position:absolute;top:8121.51px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8121.51px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8121.51px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,402,369</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:779.21px;white-space:nowrap">3,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;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:160px;position:absolute;top:8322.47px;left:2278.87px;white-space:nowrap">3/15/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:7078.26px;white-space:nowrap">9/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;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:160px;position:absolute;top:8322.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,787,960</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:779.21px;white-space:nowrap">7,700
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;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:160px;position:absolute;top:8523.43px;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:160px;position:absolute;top:8523.43px;left:2646.23px;white-space:nowrap">Urban
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:3137.74px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:4176.13px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:5141.87px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:5547.95px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:6205.86px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;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:160px;position:absolute;top:8715.43px;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:160px;position:absolute;top:8715.43px;left:3149.42px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:3771.5px;letter-spacing:-1.39px;white-space:nowrap">Purpose,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:4445.89px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:4927.8px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:5487.79px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:6110.66px;white-space:nowrap">3/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:7078.26px;white-space:nowrap">9/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;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:160px;position:absolute;top:8523.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8523.43px;left:9707.22px;letter-spacing:0px;white-space:nowrap">8,288,126</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;left:2379.35px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;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:160px;position:absolute;top:8916.39px;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:160px;position:absolute;top:8916.39px;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:160px;position:absolute;top:8916.39px;left:4791.01px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;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:160px;position:absolute;top:9108.39px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9108.39px;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:160px;position:absolute;top:9108.39px;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:160px;position:absolute;top:9108.39px;left:3840.29px;white-space:nowrap">2018A-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.35px;left:686.41px;white-space:nowrap">11,014
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.35px;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:160px;position:absolute;top:9309.35px;left:2278.87px;white-space:nowrap">7/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.35px;left:7171.06px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.35px;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:160px;position:absolute;top:9309.35px;left:7723.21px;white-space:nowrap">30.01</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.35px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.35px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,078,122</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9510.3px;left:686.41px;white-space:nowrap">23,975
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9510.3px;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:160px;position:absolute;top:9510.3px;left:2278.87px;white-space:nowrap">7/01/58
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9510.3px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9510.3px;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:160px;position:absolute;top:9510.3px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9510.3px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9510.3px;left:9615.42px;letter-spacing:0px;white-space:nowrap">22,244,005</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9711.26px;left:1006.4px;white-space:nowrap">32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9711.26px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9711.26px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9711.26px;left:2379.35px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9711.26px;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:160px;position:absolute;top:9711.26px;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:160px;position:absolute;top:9711.26px;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:160px;position:absolute;top:9711.26px;left:4791.01px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9711.26px;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:160px;position:absolute;top:9711.26px;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:160px;position:absolute;top:9711.26px;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:160px;position:absolute;top:9903.26px;left:1656px;letter-spacing:-1.92px;white-space:nowrap">Taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9903.26px;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:160px;position:absolute;top:9903.26px;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:160px;position:absolute;top:9903.26px;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:160px;position:absolute;top:9903.26px;left:4279.97px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9903.26px;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:160px;position:absolute;top:9903.26px;left:5465.87px;letter-spacing:-0.6px;white-space:nowrap">4.536%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9903.26px;left:6088.73px;white-space:nowrap">7/01/53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9711.26px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9711.26px;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:160px;position:absolute;top:9711.26px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9711.26px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9711.26px;left:9934.41px;white-space:nowrap">27,673</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10104.22px;left:1512px;letter-spacing:-0.43px;white-space:nowrap">Syracuse
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10104.22px;left:2195.03px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10104.22px;left:2909.58px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10104.22px;left:3945.09px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10104.22px;left:4689.24px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10104.22px;left:5058.51px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10104.22px;left:5454.19px;letter-spacing:-2.24px;white-space:nowrap">PILOT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10296.22px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10296.22px;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:160px;position:absolute;top:10296.22px;left:2870.7px;letter-spacing:-0.64px;white-space:nowrap">Carousel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10296.22px;left:3556.78px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10296.22px;left:4094.37px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10296.22px;left:4671.16px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10488.22px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10488.22px;left:2137.91px;white-space:nowrap">2016A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;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:160px;position:absolute;top:10689.18px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/01/29,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;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:160px;position:absolute;top:10689.18px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:8696px;letter-spacing:-0.72px;white-space:nowrap">Caa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,689,200</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10890.14px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10890.14px;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:160px;position:absolute;top:10890.14px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/01/35,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10890.14px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10890.14px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10890.14px;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:160px;position:absolute;top:10890.14px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10890.14px;left:8696px;letter-spacing:-0.72px;white-space:nowrap">Caa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10890.14px;left:9842.61px;letter-spacing:0px;white-space:nowrap">727,130</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11091.1px;left:779.21px;white-space:nowrap">3,260
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11091.1px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11091.1px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11091.1px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11091.1px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11091.1px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11091.1px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11091.1px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11091.1px;left:5250.03px;letter-spacing:-1.56px;white-space:nowrap">Payroll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11091.1px;left:5769.87px;white-space:nowrap">Mobility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11091.1px;left:6396.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:2198.23px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:2708.3px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:3054.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:3536.29px;letter-spacing:-0.48px;white-space:nowrap">2021C-1A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:4355.48px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:4978.35px;white-space:nowrap">5/15/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11091.1px;left:6985.46px;white-space:nowrap">11/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11091.1px;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:160px;position:absolute;top:11091.1px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11091.1px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11091.1px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,029,322</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11484.06px;left:779.21px;white-space:nowrap">3,800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11484.06px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11484.06px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11484.06px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11484.06px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11484.06px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11484.06px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11484.06px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11484.06px;left:5250.03px;letter-spacing:-1.56px;white-space:nowrap">Payroll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11484.06px;left:5769.87px;white-space:nowrap">Mobility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11484.06px;left:6396.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11676.06px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11676.06px;left:2198.23px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11676.06px;left:2708.3px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11676.06px;left:3054.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11676.06px;left:3536.29px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11676.06px;left:3944.61px;letter-spacing:-1.6px;white-space:nowrap">A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11676.06px;left:4133.4px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11676.06px;left:4756.27px;white-space:nowrap">5/15/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11484.06px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11484.06px;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:160px;position:absolute;top:11484.06px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11484.06px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11484.06px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,480,420</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11877.02px;left:779.21px;white-space:nowrap">1,785
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11877.02px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11877.02px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11877.02px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11877.02px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11877.02px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11877.02px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11877.02px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11877.02px;left:5250.03px;letter-spacing:-1.56px;white-space:nowrap">Payroll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11877.02px;left:5769.87px;white-space:nowrap">Mobility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11877.02px;left:6396.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:12069.02px;left:2198.23px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12069.02px;left:2708.3px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12069.02px;left:3054.38px;white-space:nowrap">Subseries
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12069.02px;left:3802.21px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12069.02px;left:4506.2px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12069.02px;left:5129.06px;white-space:nowrap">5/15/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11877.02px;left:7078.26px;white-space:nowrap">5/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:11877.02px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11877.02px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,905,987</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12269.98px;left:779.21px;white-space:nowrap">1,065
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12269.98px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12269.98px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12269.98px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12269.98px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12269.98px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12269.98px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12269.98px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12269.98px;left:5250.03px;letter-spacing:-1.56px;white-space:nowrap">Payroll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12269.98px;left:5769.87px;white-space:nowrap">Mobility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12269.98px;left:6396.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12461.98px;left:1656px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12461.98px;left:2166.07px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12461.98px;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:160px;position:absolute;top:12461.98px;left:3054.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12461.98px;left:3536.29px;letter-spacing:-0.69px;white-space:nowrap">2022C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12461.98px;left:4099.48px;letter-spacing:-0.6px;white-space:nowrap">4.125%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12461.98px;left:4722.35px;white-space:nowrap">5/15/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12269.98px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:12269.98px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12269.98px;left:9841.61px;white-space:nowrap">994,806</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12662.94px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12662.94px;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:160px;position:absolute;top:12662.94px;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:160px;position:absolute;top:12662.94px;left:9593.62px;white-space:nowrap">124,798,408
</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1875.64px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2652.21px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3773.16px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5307.56px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6467.89px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:7295.31px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4681.96px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:5096.61px;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">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">NAN</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12268 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-1.08px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;left:2678.71px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;left:2770.87px;white-space:nowrap">46.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;left:3314.7px;white-space:nowrap">(28.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;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:160px;font-weight:bold;position:absolute;top:578.32px;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:160px;font-weight:bold;position:absolute;top:578.32px;left:4529.09px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">5,425
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1039.28px;left:2198.23px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2693.59px;letter-spacing:-0.2px;white-space:nowrap">Climate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3296.46px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3730.85px;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:160px;position:absolute;top:1039.28px;left:4402.52px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4884.44px;letter-spacing:-0.53px;white-space:nowrap">2016A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5588.42px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:6211.29px;white-space:nowrap">11/15/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">5/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:847.28px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,424,620
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">1,110</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1432.24px;left:2198.23px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:2693.59px;letter-spacing:-0.2px;white-space:nowrap">Climate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3296.46px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3730.85px;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:160px;position:absolute;top:1432.24px;left:4402.52px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:4884.44px;letter-spacing:-0.53px;white-space:nowrap">2020C-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:5591.62px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:6214.49px;white-space:nowrap">11/15/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">5/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1240.24px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,117,248</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;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:160px;position:absolute;top:1825.2px;left:2992.78px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:3488.14px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:3970.05px;letter-spacing:-0.69px;white-space:nowrap">2016B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:4519.8px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:5142.67px;white-space:nowrap">11/15/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1633.2px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,071,700</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:2680.14px;letter-spacing:-0.53px;white-space:nowrap">2015C-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:3387.33px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:4010.2px;white-space:nowrap">11/15/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:2026.16px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,109,100</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:686.41px;white-space:nowrap">11,920
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:2680.14px;letter-spacing:-0.53px;white-space:nowrap">2016C-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:3387.33px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:4010.2px;white-space:nowrap">11/15/56
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2419.12px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:9614.42px;letter-spacing:0px;white-space:nowrap">11,904,862</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;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:160px;position:absolute;top:2812.07px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:2564.15px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:3278.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:4314.2px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:4940.92px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:5310.19px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:1656px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:2049.28px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:2586.07px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:3258.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:3800.78px;letter-spacing:-0.48px;white-space:nowrap">Bronx
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:4265.41px;letter-spacing:-1.2px;white-space:nowrap">Parking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:4847.32px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:1656px;letter-spacing:-1.39px;white-space:nowrap">Company,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:2437.43px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:2751.03px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:3327.82px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:3809.73px;white-space:nowrap">2007:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3397.03px;left:913.61px;white-space:nowrap">200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3397.03px;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:160px;position:absolute;top:3397.03px;left:2278.87px;white-space:nowrap">10/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3397.03px;left:3034.05px;white-space:nowrap">(6)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3397.03px;left:7078.26px;white-space:nowrap">3/23
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3397.03px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3397.03px;left:9842.61px;letter-spacing:0px;white-space:nowrap">160,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:779.21px;white-space:nowrap">5,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">2.350%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:2278.87px;white-space:nowrap">10/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:3034.05px;white-space:nowrap">(6)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:7078.26px;white-space:nowrap">3/23
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3597.99px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,400,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;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:160px;position:absolute;top:3798.95px;left:2240.15px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:2779.66px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:3818.05px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:4783.8px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:5153.07px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:2195.51px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:2867.98px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:3410.22px;letter-spacing:-0.36px;white-space:nowrap">Secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:4053.09px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:4273.09px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:4595.64px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:1656px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:2679.03px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:3221.26px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:4015.81px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:4497.72px;letter-spacing:-0.48px;white-space:nowrap">1WTC-2021:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:779.21px;white-space:nowrap">1,465
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;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:160px;position:absolute;top:4383.91px;left:2278.87px;white-space:nowrap">2/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;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:160px;position:absolute;top:4383.91px;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:160px;position:absolute;top:4383.91px;left:7078.26px;white-space:nowrap">2/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4383.91px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,171,531</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:779.21px;white-space:nowrap">5,495
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;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:160px;position:absolute;top:4584.87px;left:2278.87px;white-space:nowrap">2/15/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:2992.46px;white-space:nowrap">BAM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:3387.97px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:7078.26px;white-space:nowrap">2/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4584.87px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,224,097</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;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:160px;position:absolute;top:4785.83px;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:160px;position:absolute;top:4785.83px;left:2642.39px;letter-spacing:-0.36px;white-space:nowrap">Thruway
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:3294.54px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:4038.69px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:4660.76px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:5333.24px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:2137.91px;white-space:nowrap">2020N:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;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:160px;position:absolute;top:5178.79px;left:2278.87px;white-space:nowrap">1/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:7078.26px;white-space:nowrap">1/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5178.79px;left:8867.2px;white-space:nowrap">A1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,801,200</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;left:779.21px;white-space:nowrap">3,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;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:160px;position:absolute;top:5379.75px;left:2278.87px;white-space:nowrap">1/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;left:7078.26px;white-space:nowrap">1/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;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:160px;position:absolute;top:5379.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;left:8867.2px;white-space:nowrap">A1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,864,910</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:779.21px;white-space:nowrap">1,350
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;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:160px;position:absolute;top:5580.71px;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:160px;position:absolute;top:5580.71px;left:2642.39px;letter-spacing:-0.36px;white-space:nowrap">Thruway
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:3294.54px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:4038.69px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:4660.76px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:5331.32px;white-space:nowrap">Junior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:5831.31px;white-space:nowrap">Indebtedness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5772.71px;left:1656px;letter-spacing:-0.49px;white-space:nowrap">Obligations,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5772.71px;left:2588.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5772.71px;left:3070.38px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5772.71px;left:3630.37px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5772.71px;left:4253.24px;white-space:nowrap">1/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;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:160px;position:absolute;top:5580.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:8867.2px;white-space:nowrap">A2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,375,461</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:779.21px;white-space:nowrap">3,825
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;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:160px;position:absolute;top:5973.67px;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:160px;position:absolute;top:5973.67px;left:2642.39px;letter-spacing:-0.36px;white-space:nowrap">Thruway
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:3294.54px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:4038.69px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:4660.76px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:5331.32px;white-space:nowrap">Junior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:5831.31px;white-space:nowrap">Indebtedness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:1656px;letter-spacing:-0.49px;white-space:nowrap">Obligations,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:2588.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:3070.38px;letter-spacing:-0.69px;white-space:nowrap">2019B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:3620.13px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:4243px;white-space:nowrap">1/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:7078.26px;white-space:nowrap">1/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5973.67px;left:8867.2px;white-space:nowrap">A2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,501,979</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6366.63px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6366.63px;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:160px;position:absolute;top:6366.63px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6366.63px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6366.63px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6366.63px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:2051.67px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:2588.47px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:3260.94px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:3799.34px;letter-spacing:-0.36px;white-space:nowrap">Thruway
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:4454.37px;white-space:nowrap">Service
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:5020.44px;letter-spacing:-0.64px;white-space:nowrap">Areas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6750.63px;left:1656px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6750.63px;left:2232.79px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6750.63px;left:2714.7px;white-space:nowrap">2021:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:779.21px;white-space:nowrap">1,060
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;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:160px;position:absolute;top:6951.59px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">10/31/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:3030.85px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;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:160px;position:absolute;top:6951.59px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:9842.61px;letter-spacing:0px;white-space:nowrap">900,248</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:686.41px;white-space:nowrap">10,030
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;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:160px;position:absolute;top:7152.55px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">4/30/53,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;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:160px;position:absolute;top:7152.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:9708.22px;letter-spacing:0px;white-space:nowrap">8,234,730</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:686.41px;white-space:nowrap">13,895
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;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:160px;position:absolute;top:7353.51px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:5702.67px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:6098.34px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:1656px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:2317.27px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:2859.51px;letter-spacing:-0.29px;white-space:nowrap">LaGuardia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:3648.78px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:4200.29px;letter-spacing:-1.71px;white-space:nowrap">Terminal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:4865.25px;white-space:nowrap">B
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:5007.01px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:6211.63px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7737.51px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7737.51px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7737.51px;left:2697.9px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7737.51px;left:3320.77px;letter-spacing:-0.53px;white-space:nowrap">1/01/50,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7737.51px;left:3979.96px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:7078.26px;white-space:nowrap">7/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;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:160px;position:absolute;top:7353.51px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:8706.57px;white-space:nowrap">Baa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:9614.42px;letter-spacing:0px;white-space:nowrap">13,861,096</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;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:160px;position:absolute;top:7938.47px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.47px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.47px;left:2051.67px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.47px;left:2620.79px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.47px;left:3157.59px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.47px;left:3830.06px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.47px;left:4369.41px;white-space:nowrap">American
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.47px;left:5107.33px;letter-spacing:-0.48px;white-space:nowrap">Airlines,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:1945.44px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:2348.15px;white-space:nowrap">F
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:2478.07px;letter-spacing:-0.6px;white-space:nowrap">Kennedy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:3162.7px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:4118.21px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:4673.56px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8514.47px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8514.47px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8514.47px;left:2932.46px;white-space:nowrap">2016:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:779.21px;white-space:nowrap">2,865
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;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:160px;position:absolute;top:8715.43px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">8/01/26,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:8715.43px;left:8970.24px;white-space:nowrap">B
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,866,232</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;left:779.21px;white-space:nowrap">9,730
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;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:160px;position:absolute;top:8916.39px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">8/01/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:8916.39px;left:8970.24px;white-space:nowrap">B
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8916.39px;left:9708.22px;letter-spacing:0px;white-space:nowrap">9,738,854</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.35px;left:913.61px;white-space:nowrap">400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.35px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.35px;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:160px;position:absolute;top:9117.35px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.35px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.35px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.35px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.35px;left:5702.67px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.35px;left:6098.34px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.35px;left:1656px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.35px;left:2192.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.35px;left:2865.27px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.35px;left:3404.62px;white-space:nowrap">American
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.35px;left:4142.54px;letter-spacing:-0.48px;white-space:nowrap">Airlines,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.35px;left:4764.77px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.35px;left:5054.21px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.35px;left:5456.92px;white-space:nowrap">F
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.35px;left:5586.84px;letter-spacing:-0.6px;white-space:nowrap">Kennedy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:1656px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:2611.51px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:3166.86px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:3743.65px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:4225.56px;letter-spacing:-0.8px;white-space:nowrap">2020,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:4673.55px;letter-spacing:-0.6px;white-space:nowrap">5.375%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:5296.42px;letter-spacing:-0.53px;white-space:nowrap">8/01/36,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:5955.61px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.35px;left:7078.26px;white-space:nowrap">8/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:9117.35px;left:8970.24px;white-space:nowrap">B
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.35px;left:9841.61px;white-space:nowrap">404,192</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9702.3px;left:913.61px;white-space:nowrap">140
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9702.3px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9702.3px;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:160px;position:absolute;top:9702.3px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9702.3px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9702.3px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9702.3px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9702.3px;left:5702.67px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9702.3px;left:6098.34px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9894.3px;left:1656px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9894.3px;left:2192.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9894.3px;left:2865.27px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9894.3px;left:3403.66px;letter-spacing:-1.71px;white-space:nowrap">Terminal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9894.3px;left:4068.62px;white-space:nowrap">4
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9894.3px;left:4199.5px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9894.3px;left:4602.21px;white-space:nowrap">F
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9894.3px;left:4732.13px;letter-spacing:-0.6px;white-space:nowrap">Kennedy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9894.3px;left:5416.76px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9894.3px;left:6372.27px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10086.3px;left:1656px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10086.3px;left:2232.79px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10086.3px;left:2714.7px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10086.3px;left:3274.69px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10086.3px;left:3897.56px;letter-spacing:-0.48px;white-space:nowrap">12/01/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10086.3px;left:4649.55px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9702.3px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:9702.3px;left:8706.57px;white-space:nowrap">Baa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9702.3px;left:9841.61px;white-space:nowrap">125,086</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10287.26px;left:779.21px;white-space:nowrap">1,250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10287.26px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10287.26px;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:160px;position:absolute;top:10287.26px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10287.26px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10287.26px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10287.26px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10287.26px;left:5702.67px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10287.26px;left:6098.34px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10479.26px;left:1656px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10479.26px;left:2192.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10479.26px;left:2865.27px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10479.26px;left:3403.66px;letter-spacing:-1.71px;white-space:nowrap">Terminal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10479.26px;left:4068.62px;white-space:nowrap">4
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10479.26px;left:4199.5px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10479.26px;left:4602.21px;white-space:nowrap">F
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10479.26px;left:4732.13px;letter-spacing:-0.6px;white-space:nowrap">Kennedy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10479.26px;left:5416.76px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10479.26px;left:6372.27px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10671.26px;left:1656px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10671.26px;left:2232.79px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10671.26px;left:2714.7px;letter-spacing:-0.69px;white-space:nowrap">2020C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10671.26px;left:3277.89px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10671.26px;left:3900.76px;white-space:nowrap">12/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10287.26px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:10287.26px;left:8706.57px;white-space:nowrap">Baa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10287.26px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,349,737</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10872.22px;left:779.21px;white-space:nowrap">5,825
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10872.22px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10872.22px;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:160px;position:absolute;top:10872.22px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10872.22px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10872.22px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10872.22px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10872.22px;left:5702.67px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10872.22px;left:6098.34px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11064.22px;left:1656px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11064.22px;left:2192.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11064.22px;left:2865.27px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11064.22px;left:3403.66px;letter-spacing:-1.71px;white-space:nowrap">Terminal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11064.22px;left:4068.62px;white-space:nowrap">4
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11064.22px;left:4199.5px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11064.22px;left:4602.21px;white-space:nowrap">F
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11064.22px;left:4732.13px;letter-spacing:-0.6px;white-space:nowrap">Kennedy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11064.22px;left:5416.76px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11064.22px;left:6372.27px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11256.22px;left:1656px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11256.22px;left:2232.79px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11256.22px;left:2714.7px;letter-spacing:-0.8px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11256.22px;left:3162.69px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11256.22px;left:3785.56px;letter-spacing:-0.48px;white-space:nowrap">12/01/35,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11256.22px;left:4537.55px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10872.22px;left:6985.46px;white-space:nowrap">12/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10872.22px;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:160px;position:absolute;top:10872.22px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10872.22px;left:8706.57px;white-space:nowrap">Baa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10872.22px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,140,948</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11457.18px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11457.18px;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:160px;position:absolute;top:11457.18px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11457.18px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11457.18px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11457.18px;left:5333.39px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11649.18px;left:1656px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11649.18px;left:2192.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11649.18px;left:2865.27px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11649.18px;left:3407.5px;white-space:nowrap">Delta
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11649.18px;left:3833.74px;white-space:nowrap">Air
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11649.18px;left:4083.33px;letter-spacing:-0.69px;white-space:nowrap">Lines,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11649.18px;left:4537.25px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11649.18px;left:4828.6px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11649.18px;left:4919.8px;letter-spacing:-0.29px;white-space:nowrap">LaGuardia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11841.18px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11841.18px;left:2207.51px;letter-spacing:-1.54px;white-space:nowrap">Terminals
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11841.18px;left:2943.5px;white-space:nowrap">C&amp;D
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11841.18px;left:3332.46px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11841.18px;left:4537.09px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11841.18px;left:5113.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12033.18px;left:1656px;white-space:nowrap">2018:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12234.14px;left:779.21px;white-space:nowrap">8,515
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12234.14px;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:160px;position:absolute;top:12234.14px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/01/27,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12234.14px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12234.14px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12234.14px;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:160px;position:absolute;top:12234.14px;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:160px;position:absolute;top:12234.14px;left:8706.57px;white-space:nowrap">Baa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12234.14px;left:9708.22px;letter-spacing:0px;white-space:nowrap">8,756,400</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12435.1px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:12435.1px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/01/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12435.1px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12435.1px;left:7078.26px;white-space:nowrap">1/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:12435.1px;left:8706.57px;white-space:nowrap">Baa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12435.1px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,065,420</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12636.06px;left:779.21px;white-space:nowrap">2,745
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:12636.06px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/01/36,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12636.06px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12636.06px;left:7078.26px;white-space:nowrap">1/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:12636.06px;left:8706.57px;white-space:nowrap">Baa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12636.06px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,789,991</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12837.02px;left:779.21px;white-space:nowrap">8,780
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12837.02px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12837.02px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12837.02px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12837.02px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12837.02px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12837.02px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12837.02px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12837.02px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12837.02px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12837.02px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12837.02px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:13029.02px;left:1656px;white-space:nowrap">One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:13029.02px;left:2016.48px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:13029.02px;left:2707.35px;white-space:nowrap">Eighty-Ninth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:13029.02px;left:3655.65px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:13029.02px;left:4137.56px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:13029.02px;left:4585.56px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:13029.02px;left:5208.42px;white-space:nowrap">5/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12837.02px;left:7078.26px;white-space:nowrap">5/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:12837.02px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12837.02px;left:9707.22px;letter-spacing:0px;white-space:nowrap">8,913,193</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,[encoded data, 12804 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:1656px;white-space:nowrap">One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2016.48px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2707.35px;white-space:nowrap">Ninety-Eighth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3747.17px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4229.08px;letter-spacing:-0.8px;white-space:nowrap">2016,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4677.07px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5299.94px;white-space:nowrap">11/15/56
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:847.28px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,178,300
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1432.24px;left:2866.87px;letter-spacing:-3.84px;white-space:nowrap">Two
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3199.82px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3890.69px;white-space:nowrap">Eleventh
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:4563.81px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:5045.72px;white-space:nowrap">2018:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:779.21px;white-space:nowrap">2,330
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;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:160px;position:absolute;top:1633.2px;left:2278.87px;white-space:nowrap">9/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:7078.26px;white-space:nowrap">9/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1633.2px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,228,132</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:779.21px;white-space:nowrap">6,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;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:160px;position:absolute;top:1834.16px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">9/01/48,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:2938.06px;white-space:nowrap">(UB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:3329.41px;white-space:nowrap">(5)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:7078.26px;white-space:nowrap">9/28
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1834.16px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:9708.22px;letter-spacing:0px;white-space:nowrap">6,342,780</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;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:160px;position:absolute;top:2227.12px;left:2866.87px;letter-spacing:-3.84px;white-space:nowrap">Two
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:3199.82px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:3890.69px;letter-spacing:-0.8px;white-space:nowrap">Fifth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:4247.01px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:4728.92px;white-space:nowrap">2017:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:779.21px;white-space:nowrap">1,175
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;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:160px;position:absolute;top:2428.07px;left:2278.87px;white-space:nowrap">11/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:6985.46px;white-space:nowrap">11/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2428.07px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,246,099</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2629.03px;left:779.21px;white-space:nowrap">2,825
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2629.03px;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:160px;position:absolute;top:2629.03px;left:2278.87px;white-space:nowrap">11/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2629.03px;left:6985.46px;white-space:nowrap">11/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2629.03px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2629.03px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,974,866</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2829.99px;left:779.21px;white-space:nowrap">4,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2829.99px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2829.99px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2829.99px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2829.99px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2829.99px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2829.99px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2829.99px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2829.99px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2829.99px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2829.99px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2829.99px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Two
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:1988.96px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:2679.83px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:3161.74px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:3609.73px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:4232.6px;white-space:nowrap">10/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2829.99px;left:7078.26px;white-space:nowrap">4/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2829.99px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2829.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,183,200</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3222.95px;left:779.21px;white-space:nowrap">1,800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3222.95px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3222.95px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3222.95px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3222.95px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3222.95px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3222.95px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3222.95px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3222.95px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3222.95px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3222.95px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3222.95px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Two
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:1988.96px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:2675.99px;letter-spacing:-0.69px;white-space:nowrap">Thirty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:3122.06px;white-space:nowrap">One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:3482.54px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:3964.45px;letter-spacing:-0.8px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:4412.44px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:5035.31px;letter-spacing:-0.53px;white-space:nowrap">8/01/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:5694.5px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3222.95px;left:7078.26px;white-space:nowrap">8/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3222.95px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3222.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,998,756</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3615.91px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3615.91px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3615.91px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3615.91px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3615.91px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3615.91px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3615.91px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3615.91px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3615.91px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3615.91px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3615.91px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3615.91px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Two
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:1988.96px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:2675.99px;letter-spacing:-1.54px;white-space:nowrap">Twentieth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:3421.9px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:3903.81px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:4351.8px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:4974.67px;letter-spacing:-0.48px;white-space:nowrap">11/01/59,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:5726.65px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3615.91px;left:6985.46px;white-space:nowrap">11/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3615.91px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3615.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,383,450</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:779.21px;white-space:nowrap">8,840
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:5250.03px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:5872.11px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4200.87px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4200.87px;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:160px;position:absolute;top:4200.87px;left:2870.7px;letter-spacing:-3.12px;white-space:nowrap">MTA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4200.87px;left:3243.18px;white-space:nowrap">Bridges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4200.87px;left:3848.13px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4200.87px;left:3996.93px;letter-spacing:-2.13px;white-space:nowrap">Tunnels,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4200.87px;left:4632.28px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4200.87px;left:5114.2px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4200.87px;left:5674.19px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4392.87px;left:1656px;white-space:nowrap">11/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:7078.26px;white-space:nowrap">5/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4008.87px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,203,501</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4593.83px;left:686.41px;white-space:nowrap">10,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4593.83px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4593.83px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4593.83px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4593.83px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4593.83px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4593.83px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4593.83px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4593.83px;left:5250.03px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4593.83px;left:5872.11px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:2198.23px;letter-spacing:-3.12px;white-space:nowrap">MTA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:2570.71px;white-space:nowrap">Bridges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:3175.66px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:3324.46px;letter-spacing:-2.13px;white-space:nowrap">Tunnels,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:3959.81px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:4441.72px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:5001.71px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:5624.58px;white-space:nowrap">11/15/54
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4593.83px;left:6985.46px;white-space:nowrap">11/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4593.83px;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:160px;position:absolute;top:4593.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4593.83px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4593.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,474,474</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4986.79px;left:686.41px;white-space:nowrap">10,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4986.79px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4986.79px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4986.79px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4986.79px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4986.79px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4986.79px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4986.79px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4986.79px;left:5250.03px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4986.79px;left:5872.11px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:5178.79px;left:2198.23px;letter-spacing:-3.12px;white-space:nowrap">MTA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:2570.71px;white-space:nowrap">Bridges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:3175.66px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:3324.46px;letter-spacing:-2.13px;white-space:nowrap">Tunnels,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:3959.81px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:4441.72px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:5001.71px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:5624.58px;white-space:nowrap">11/15/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4986.79px;left:6985.46px;white-space:nowrap">11/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4986.79px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4986.79px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,333,600</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;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:160px;position:absolute;top:5379.75px;left:9593.62px;white-space:nowrap">174,819,993
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5694.07px;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:160px;font-weight:bold;position:absolute;top:5694.07px;left:1852px;letter-spacing:-0.17px;white-space:nowrap">Guaranteed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5694.07px;left:2809.27px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5694.07px;left:2901.43px;white-space:nowrap">6.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5694.07px;left:3341.9px;white-space:nowrap">(3.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5694.07px;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:160px;font-weight:bold;position:absolute;top:5694.07px;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:160px;font-weight:bold;position:absolute;top:5694.07px;left:4452.93px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5694.07px;left:5495px;white-space:nowrap">(7)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:779.21px;white-space:nowrap">3,915
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:4828.27px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:5285.54px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:5958.02px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:1656px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:2062.07px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:2815.66px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:3597.57px;letter-spacing:-1.04px;white-space:nowrap">Facilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:4295.64px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:5090.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:5572.11px;letter-spacing:-0.69px;white-space:nowrap">2013A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:6132.1px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6347.03px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">7/01/27,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6347.03px;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:160px;position:absolute;top:6347.03px;left:3360.45px;white-space:nowrap">7/01/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:7078.26px;white-space:nowrap">7/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5963.03px;left:8781.76px;white-space:nowrap">Aa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,939,077</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:4828.27px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6739.99px;left:2870.7px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6739.99px;left:3276.78px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6739.99px;left:4030.37px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6739.99px;left:4812.27px;letter-spacing:-1.04px;white-space:nowrap">Facilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6931.99px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6931.99px;left:2137.91px;white-space:nowrap">2015A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7132.95px;left:779.21px;white-space:nowrap">1,120
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7132.95px;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:160px;position:absolute;top:7132.95px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7132.95px;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:160px;position:absolute;top:7132.95px;left:3983.32px;white-space:nowrap">7/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7132.95px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:7132.95px;left:8781.76px;white-space:nowrap">Aa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7132.95px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,168,720</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;left:779.21px;white-space:nowrap">1,245
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;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:160px;position:absolute;top:7333.91px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/33,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;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:160px;position:absolute;top:7333.91px;left:3983.32px;white-space:nowrap">7/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;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:160px;position:absolute;top:7333.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;left:8781.76px;white-space:nowrap">Aa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,299,158</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7726.87px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7726.87px;left:2198.23px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7726.87px;left:2571.35px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7726.87px;left:3110.7px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7726.87px;left:3895.33px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7726.87px;left:4377.24px;white-space:nowrap">2015A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;left:913.61px;white-space:nowrap">135
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;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:160px;position:absolute;top:7927.83px;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:160px;position:absolute;top:7927.83px;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:160px;position:absolute;top:7927.83px;left:3983.32px;white-space:nowrap">7/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;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:160px;position:absolute;top:7927.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;left:9842.61px;letter-spacing:0px;white-space:nowrap">140,719</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2013E,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;left:3222.85px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;left:3845.72px;letter-spacing:-0.48px;white-space:nowrap">11/15/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;left:4597.71px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;left:5642.97px;white-space:nowrap">11/15/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:6985.46px;white-space:nowrap">11/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;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:160px;position:absolute;top:8128.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,026,180</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:779.21px;white-space:nowrap">7,860
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;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:160px;position:absolute;top:8521.75px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:5545.55px;letter-spacing:-1.37px;white-space:nowrap">Future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:6047.79px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:2298.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:2841.1px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:3779.65px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:4223.49px;white-space:nowrap">2013
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:4634.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:5116.6px;letter-spacing:-1.6px;white-space:nowrap">I,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:5234.99px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:5857.86px;letter-spacing:-0.53px;white-space:nowrap">5/01/38,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:6517.05px;letter-spacing:-2.11px;white-space:nowrap">(Pre-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8905.75px;left:1656px;letter-spacing:-0.32px;white-space:nowrap">refunded
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8905.75px;left:2370.71px;white-space:nowrap">5/01/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:7078.26px;white-space:nowrap">5/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;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:160px;position:absolute;top:8521.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,883,108</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:779.21px;white-space:nowrap">1,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;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:160px;position:absolute;top:9106.71px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:2560.31px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:2949.42px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:3191.98px;letter-spacing:-0.21px;white-space:nowrap">Cultural
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:3805.57px;letter-spacing:-0.87px;white-space:nowrap">Resources,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:4626.84px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:4996.11px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:5391.79px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:6064.26px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9298.71px;left:1656px;white-space:nowrap">Wildlife
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9298.71px;left:2252.79px;letter-spacing:-0.27px;white-space:nowrap">Conservation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9298.71px;left:3260.3px;letter-spacing:-1.17px;white-space:nowrap">Society,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9298.71px;left:3859.65px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9298.71px;left:4341.56px;letter-spacing:-0.69px;white-space:nowrap">2013A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9298.71px;left:4901.55px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9298.71px;left:5524.42px;letter-spacing:-0.53px;white-space:nowrap">8/01/33,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9298.71px;left:6183.61px;letter-spacing:-2.11px;white-space:nowrap">(Pre-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9490.71px;left:1656px;letter-spacing:-0.32px;white-space:nowrap">refunded
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9490.71px;left:2370.71px;white-space:nowrap">8/01/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:7078.26px;white-space:nowrap">8/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;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:160px;position:absolute;top:9106.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:8853.44px;white-space:nowrap">A+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,511,970</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9691.66px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9691.66px;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:160px;position:absolute;top:9691.66px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9691.66px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9691.66px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9691.66px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9691.66px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9691.66px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9691.66px;left:5345.23px;letter-spacing:-2.19px;white-space:nowrap">Tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9883.66px;left:1656px;white-space:nowrap">Option
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9883.66px;left:2215.03px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9883.66px;left:2645.59px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9883.66px;left:3034.7px;letter-spacing:-0.24px;white-space:nowrap">2016-XG0082:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10084.62px;left:779.21px;white-space:nowrap">3,125
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10084.62px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">7.924%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10084.62px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">3/01/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10084.62px;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:160px;position:absolute;top:10084.62px;left:3983.32px;letter-spacing:-0.48px;white-space:nowrap">3/01/23),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10084.62px;left:4690.51px;letter-spacing:-0.8px;white-space:nowrap">144A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10084.62px;left:5157.7px;white-space:nowrap">(IF)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10084.62px;left:5465.21px;white-space:nowrap">(5)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10084.62px;left:7078.26px;white-space:nowrap">3/23
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10084.62px;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:160px;position:absolute;top:10084.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10084.62px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10084.62px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,125,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10285.58px;left:779.21px;white-space:nowrap">1,525
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10285.58px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">7.924%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10285.58px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">3/01/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10285.58px;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:160px;position:absolute;top:10285.58px;left:3983.32px;letter-spacing:-0.48px;white-space:nowrap">3/01/23),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10285.58px;left:4690.51px;letter-spacing:-0.8px;white-space:nowrap">144A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10285.58px;left:5157.7px;white-space:nowrap">(IF)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10285.58px;left:5465.21px;white-space:nowrap">(5)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10285.58px;left:7078.26px;white-space:nowrap">3/23
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10285.58px;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:160px;position:absolute;top:10285.58px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10285.58px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10285.58px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,525,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;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:160px;position:absolute;top:10486.54px;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:160px;position:absolute;top:10486.54px;left:9686.42px;white-space:nowrap">22,618,932
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10800.86px;left:1512px;white-space:nowrap">Utilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10800.86px;left:2149.75px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10800.86px;left:2241.9px;white-space:nowrap">16.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10800.86px;left:2785.74px;white-space:nowrap">(10.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10800.86px;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:160px;font-weight:bold;position:absolute;top:10800.86px;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:160px;font-weight:bold;position:absolute;top:10800.86px;left:4000.13px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11069.82px;left:779.21px;white-space:nowrap">1,460</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11069.82px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11069.82px;left:1922.56px;white-space:nowrap">Island
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11069.82px;left:2395.83px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11069.82px;left:2880.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11069.82px;left:3624.61px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11069.82px;left:3993.89px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11069.82px;left:4389.56px;white-space:nowrap">Electric
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11069.82px;left:4964.44px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11069.82px;left:5525.39px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11069.82px;left:6147.46px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11261.82px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11261.82px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11261.82px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11261.82px;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:160px;position:absolute;top:11261.82px;left:3863px;white-space:nowrap">9/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11069.82px;left:7078.26px;white-space:nowrap">9/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11069.82px;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:160px;position:absolute;top:11069.82px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11069.82px;left:8962.88px;letter-spacing:-2.88px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11069.82px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,472,308</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11462.78px;left:779.21px;white-space:nowrap">1,310
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11462.78px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11462.78px;left:1922.56px;white-space:nowrap">Island
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11462.78px;left:2395.83px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11462.78px;left:2880.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11462.78px;left:3624.61px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11462.78px;left:3993.89px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11462.78px;left:4389.56px;white-space:nowrap">Electric
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11462.78px;left:4964.44px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11462.78px;left:5525.39px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11462.78px;left:6147.46px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11654.78px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11654.78px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11654.78px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2016B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11654.78px;left:3229.89px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11654.78px;left:3852.76px;white-space:nowrap">9/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11462.78px;left:7078.26px;white-space:nowrap">9/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11462.78px;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:160px;position:absolute;top:11462.78px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11462.78px;left:8962.88px;letter-spacing:-2.88px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11462.78px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,341,676</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:1006.4px;white-space:nowrap">90
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:1922.56px;white-space:nowrap">Island
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:2395.83px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:2880.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:3624.61px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:3993.89px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:4389.56px;white-space:nowrap">Electric
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:4964.44px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:5525.39px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:6147.46px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12047.74px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12047.74px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12047.74px;left:2680.14px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12047.74px;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:160px;position:absolute;top:12047.74px;left:3751px;white-space:nowrap">9/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:7078.26px;white-space:nowrap">9/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;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:160px;position:absolute;top:11855.74px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:8962.88px;letter-spacing:-2.88px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:9934.41px;white-space:nowrap">94,810</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;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:160px;position:absolute;top:12248.7px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12440.7px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12440.7px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12440.7px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12440.7px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12440.7px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12440.7px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12440.7px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12440.7px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12440.7px;left:6391.14px;white-space:nowrap">2014
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12632.7px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12632.7px;left:2137.91px;letter-spacing:-3.12px;white-space:nowrap">DD,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12632.7px;left:2449.27px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12632.7px;left:3072.14px;white-space:nowrap">6/15/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:7078.26px;white-space:nowrap">6/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;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:160px;position:absolute;top:12248.7px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,092,450</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1875.64px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2652.21px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3773.16px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5307.56px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6467.89px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:7295.31px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4681.96px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:5096.61px;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">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">NAN</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 13660 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;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:160px;position:absolute;top:847.28px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:6391.14px;white-space:nowrap">2018
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1231.28px;left:2137.91px;letter-spacing:-0.8px;white-space:nowrap">DD-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:2600.94px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:3223.81px;letter-spacing:-0.53px;white-space:nowrap">6/15/48,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:3883px;white-space:nowrap">(UB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6985.46px;white-space:nowrap">12/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:847.28px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,503,400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:779.21px;white-space:nowrap">9,285</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;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:160px;position:absolute;top:1432.24px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:6391.14px;white-space:nowrap">2018
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1816.24px;left:2137.91px;letter-spacing:-1.2px;white-space:nowrap">EE,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1816.24px;left:2404.15px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1816.24px;left:3027.02px;letter-spacing:-0.53px;white-space:nowrap">6/15/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1816.24px;left:3686.21px;white-space:nowrap">(UB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:6985.46px;white-space:nowrap">12/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1432.24px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,907,931</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:779.21px;white-space:nowrap">2,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;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:160px;position:absolute;top:2017.2px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:6391.14px;white-space:nowrap">2020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:2401.2px;left:2137.91px;letter-spacing:-1.2px;white-space:nowrap">EE,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2401.2px;left:2404.15px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2401.2px;left:3027.02px;white-space:nowrap">6/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:7078.26px;white-space:nowrap">6/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2017.2px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,447,525</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:2602.16px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2602.16px;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:160px;position:absolute;top:2602.16px;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:160px;position:absolute;top:2602.16px;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:160px;position:absolute;top:2602.16px;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:160px;position:absolute;top:2602.16px;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:160px;position:absolute;top:2602.16px;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:160px;position:absolute;top:2602.16px;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:160px;position:absolute;top:2602.16px;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:160px;position:absolute;top:2794.16px;left:1656px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2794.16px;left:1976.32px;white-space:nowrap">Drinking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2794.16px;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:160px;position:absolute;top:2794.16px;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:160px;position:absolute;top:2794.16px;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:160px;position:absolute;top:2794.16px;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:160px;position:absolute;top:2794.16px;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:160px;position:absolute;top:2794.16px;left:5565.71px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2794.16px;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:160px;position:absolute;top:2986.16px;left:1656px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2986.16px;left:1979.99px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2986.16px;left:2733.11px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2986.16px;left:3206.54px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2986.16px;left:3813.58px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2986.16px;left:4526.69px;letter-spacing:-1.54px;white-space:nowrap">Projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2986.16px;left:5174.52px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2986.16px;left:5768.91px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3178.16px;left:1656px;letter-spacing:-0.34px;white-space:nowrap">Subordinated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3178.16px;left:2696.47px;white-space:nowrap">SRF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3178.16px;left:3012.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3178.16px;left:3494.38px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3178.16px;left:4054.37px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3178.16px;left:4677.24px;white-space:nowrap">6/15/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2602.16px;left:7078.26px;white-space:nowrap">6/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2602.16px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2602.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,028,490</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3379.12px;left:913.61px;white-space:nowrap">400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3379.12px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3379.12px;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:160px;position:absolute;top:3379.12px;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:160px;position:absolute;top:3379.12px;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:160px;position:absolute;top:3379.12px;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:160px;position:absolute;top:3379.12px;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:160px;position:absolute;top:3379.12px;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:160px;position:absolute;top:3379.12px;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:160px;position:absolute;top:3379.12px;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:160px;position:absolute;top:3571.12px;left:1656px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3571.12px;left:1976.32px;white-space:nowrap">Drinking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3571.12px;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:160px;position:absolute;top:3571.12px;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:160px;position:absolute;top:3571.12px;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:160px;position:absolute;top:3571.12px;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:160px;position:absolute;top:3571.12px;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:160px;position:absolute;top:3571.12px;left:5565.71px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3571.12px;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:160px;position:absolute;top:3571.12px;left:6293.87px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3763.12px;left:1656px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3763.12px;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:160px;position:absolute;top:3763.12px;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:160px;position:absolute;top:3763.12px;left:3489.59px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3763.12px;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:160px;position:absolute;top:3763.12px;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:160px;position:absolute;top:3763.12px;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:160px;position:absolute;top:3955.12px;left:1656px;letter-spacing:-0.34px;white-space:nowrap">Subordinated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3955.12px;left:2696.47px;white-space:nowrap">SRF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3955.12px;left:3012.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3955.12px;left:3494.38px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3955.12px;left:4054.37px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3955.12px;left:4677.24px;white-space:nowrap">6/15/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3379.12px;left:7078.26px;white-space:nowrap">6/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3379.12px;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:160px;position:absolute;top:3379.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3379.12px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3379.12px;left:9841.61px;white-space:nowrap">424,260</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4156.07px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4156.07px;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:160px;position:absolute;top:4156.07px;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:160px;position:absolute;top:4156.07px;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:160px;position:absolute;top:4156.07px;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:160px;position:absolute;top:4156.07px;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:160px;position:absolute;top:4348.07px;left:1656px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4348.07px;left:2062.07px;letter-spacing:-0.16px;white-space:nowrap">Clean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4348.07px;left:2524.63px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4348.07px;left:2998.06px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4348.07px;left:3318.38px;white-space:nowrap">Drinking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4348.07px;left:3983.81px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4348.07px;left:4457.25px;letter-spacing:-0.19px;white-space:nowrap">Revolving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4540.07px;left:1656px;letter-spacing:-1.12px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4540.07px;left:2138.08px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4540.07px;left:2810.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4540.07px;left:3352.78px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4540.07px;left:3722.06px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4540.07px;left:4080.93px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4540.07px;left:4404.93px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4540.07px;left:5158.04px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4732.07px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4732.07px;left:2263.04px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4732.07px;left:2976.15px;letter-spacing:-0.66px;white-space:nowrap">Projects-Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4732.07px;left:4190.85px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4732.07px;left:4999.8px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4924.07px;left:1656px;letter-spacing:-0.34px;white-space:nowrap">Subordinated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4924.07px;left:2696.47px;white-space:nowrap">SRF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4924.07px;left:3012.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4924.07px;left:3494.38px;white-space:nowrap">2018B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5125.03px;left:779.21px;white-space:nowrap">7,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5125.03px;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:160px;position:absolute;top:5125.03px;left:2278.87px;white-space:nowrap">6/15/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5125.03px;left:7078.26px;white-space:nowrap">6/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5125.03px;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:160px;position:absolute;top:5125.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5125.03px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5125.03px;left:9708.22px;letter-spacing:0px;white-space:nowrap">8,010,675</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5325.99px;left:779.21px;white-space:nowrap">3,680
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5325.99px;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:160px;position:absolute;top:5325.99px;left:2278.87px;white-space:nowrap">6/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5325.99px;left:7078.26px;white-space:nowrap">6/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5325.99px;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:160px;position:absolute;top:5325.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5325.99px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5325.99px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,906,246</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5526.95px;left:779.21px;white-space:nowrap">1,920
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5526.95px;left:1512px;letter-spacing:-0.24px;white-space:nowrap">Niagara
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5526.95px;left:2124.48px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5526.95px;left:2507.19px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5526.95px;left:3545.58px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5526.95px;left:4511.33px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5526.95px;left:4880.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5526.95px;left:5276.28px;white-space:nowrap">Solid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5526.95px;left:5684.6px;letter-spacing:-0.96px;white-space:nowrap">Waste
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5526.95px;left:6173.07px;white-space:nowrap">Disposal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5718.95px;left:1656px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5718.95px;left:2192.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5718.95px;left:2865.27px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5718.95px;left:3659.82px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5718.95px;left:4202.05px;letter-spacing:-0.24px;white-space:nowrap">Covanta
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5718.95px;left:4845.73px;letter-spacing:-0.41px;white-space:nowrap">Energy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5718.95px;left:5398.84px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5718.95px;left:5975.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5910.95px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5910.95px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">4.750%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5910.95px;left:2838.86px;letter-spacing:-0.48px;white-space:nowrap">11/01/42,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5910.95px;left:3590.84px;letter-spacing:-0.69px;white-space:nowrap">(AMT),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5910.95px;left:4108.6px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5526.95px;left:7078.26px;white-space:nowrap">7/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5526.95px;left:8877.44px;white-space:nowrap">B1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5526.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,666,906</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6111.91px;left:779.21px;white-space:nowrap">3,785
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6111.91px;left:1512px;white-space:nowrap">Utility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6111.91px;left:1965.43px;white-space:nowrap">Debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6111.91px;left:2370.71px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6111.91px;left:3386.85px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6111.91px;left:4131px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6111.91px;left:4500.28px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6111.91px;left:4895.95px;letter-spacing:-0.14px;white-space:nowrap">Restructuring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6111.91px;left:5909.06px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6303.91px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6303.91px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6303.91px;left:2932.46px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6303.91px;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:160px;position:absolute;top:6303.91px;left:4003.32px;white-space:nowrap">12/15/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6111.91px;left:6985.46px;white-space:nowrap">12/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6111.91px;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:160px;position:absolute;top:6111.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6111.91px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6111.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,936,324</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6504.87px;left:779.21px;white-space:nowrap">8,030
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6504.87px;left:1512px;white-space:nowrap">Utility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6504.87px;left:1965.43px;white-space:nowrap">Debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6504.87px;left:2370.71px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6504.87px;left:3386.85px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6504.87px;left:4131px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6504.87px;left:4500.28px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6504.87px;left:4895.95px;letter-spacing:-0.14px;white-space:nowrap">Restructuring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6504.87px;left:5909.06px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6504.87px;left:6451.29px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6696.87px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">2013TE,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6696.87px;left:2289.91px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6696.87px;left:2912.78px;white-space:nowrap">12/15/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6504.87px;left:6985.46px;white-space:nowrap">12/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6504.87px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6504.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">8,113,592</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6897.83px;left:779.21px;white-space:nowrap">2,750
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6897.83px;left:1512px;white-space:nowrap">Utility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6897.83px;left:1965.43px;white-space:nowrap">Debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6897.83px;left:2370.71px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6897.83px;left:3386.85px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6897.83px;left:4131px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6897.83px;left:4500.28px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6897.83px;left:4895.95px;letter-spacing:-0.14px;white-space:nowrap">Restructuring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6897.83px;left:5909.06px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6897.83px;left:6451.29px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7089.83px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2016B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7089.83px;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:160px;position:absolute;top:7089.83px;left:2828.62px;white-space:nowrap">12/15/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6897.83px;left:7078.26px;white-space:nowrap">6/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6897.83px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6897.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,905,815</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7290.79px;left:779.21px;white-space:nowrap">1,250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7290.79px;left:1512px;white-space:nowrap">Utility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7290.79px;left:1965.43px;white-space:nowrap">Debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7290.79px;left:2370.71px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7290.79px;left:3386.85px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7290.79px;left:4131px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7290.79px;left:4500.28px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7290.79px;left:4895.95px;letter-spacing:-0.14px;white-space:nowrap">Restructuring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7290.79px;left:5909.06px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7290.79px;left:6451.29px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7482.79px;left:1656px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7482.79px;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:160px;position:absolute;top:7482.79px;left:2726.86px;white-space:nowrap">12/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7290.79px;left:6985.46px;white-space:nowrap">12/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7290.79px;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:160px;position:absolute;top:7290.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7290.79px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7290.79px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,347,688</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7683.75px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7683.75px;left:1902.08px;white-space:nowrap">Utilities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7683.75px;left:9686.42px;white-space:nowrap">62,200,096
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7884.71px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7884.71px;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:160px;font-weight:bold;position:absolute;top:7884.71px;left:2776.63px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7884.71px;left:3763.97px;white-space:nowrap">(cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7884.71px;left:4175.33px;white-space:nowrap">$623,308,682)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7884.71px;left:9413.77px;letter-spacing:0px;white-space:nowrap">614,106,576
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8085.67px;left:1512px;letter-spacing:-0.18px;white-space:nowrap">Floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8085.67px;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:160px;font-weight:bold;position:absolute;top:8085.67px;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:160px;font-weight:bold;position:absolute;top:8085.67px;left:3533.57px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8085.67px;left:3625.73px;white-space:nowrap">(6.8)%&#160;&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8085.67px;left:9462.41px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8085.67px;left:9517.13px;letter-spacing:0px;white-space:nowrap">25,825,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8085.67px;left:10440px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8286.63px;left:1512px;white-space:nowrap">AMTP
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8286.63px;left:2016.79px;letter-spacing:-0.96px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8286.63px;left:2615.19px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8286.63px;left:2936.46px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8286.63px;left:3028.62px;white-space:nowrap">(33.6)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8286.63px;left:3681.9px;white-space:nowrap">(8)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8286.63px;left:9359.05px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8286.63px;left:9413.77px;letter-spacing:0px;white-space:nowrap">126,944,044</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8286.63px;left:10440px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8487.59px;left:1512px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8487.59px;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:160px;font-weight:bold;position:absolute;top:8487.59px;left:2591.83px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8487.59px;left:2913.1px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8487.59px;left:3005.26px;white-space:nowrap">(23.3)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8487.59px;left:3658.54px;white-space:nowrap">(9)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8487.59px;left:9462.41px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8487.59px;left:9517.13px;letter-spacing:0px;white-space:nowrap">88,227,438</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8487.59px;left:10440px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8688.55px;left:1512px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8688.55px;left:2002.24px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8688.55px;left:2540.31px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8688.55px;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:160px;font-weight:bold;position:absolute;top:8688.55px;left:3536.13px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8688.55px;left:3857.4px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8688.55px;left:3949.56px;white-space:nowrap">1.2%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8688.55px;left:9620.49px;letter-spacing:0px;white-space:nowrap">4,911,093
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8889.51px;left:1512px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8889.51px;left:1830.4px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8889.51px;left:2365.59px;white-space:nowrap">Applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8889.51px;left:3247.02px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8889.51px;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:160px;font-weight:bold;position:absolute;top:8889.51px;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:160px;font-weight:bold;position:absolute;top:8889.51px;left:4748.76px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8889.51px;left:4840.92px;white-space:nowrap">100%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8889.51px;left:9072px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8889.51px;left:9413.77px;letter-spacing:0px;white-space:nowrap">378,021,187</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9180.47px;left:0px;white-space:nowrap">(1)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9180.47px;left:648px;white-space:nowrap">All
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9180.47px;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:160px;position:absolute;top:9180.47px;left:1832.79px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9180.47px;left:2347.18px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9180.47px;left:2520.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9180.47px;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:160px;position:absolute;top:9180.47px;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:160px;position:absolute;top:9180.47px;left:3632.92px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9180.47px;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:160px;position:absolute;top:9180.47px;left:4818.02px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9180.47px;left:5309.85px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9180.47px;left:5540.57px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9180.47px;left:5815.77px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9180.47px;left:6296.55px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9180.47px;left:7104.71px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9180.47px;left:7293.19px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9180.47px;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:160px;position:absolute;top:9180.47px;left:8491.25px;white-space:nowrap">unless
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9180.47px;left:8991.08px;white-space:nowrap">otherwise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9180.47px;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:160px;position:absolute;top:9381.43px;left:0px;white-space:nowrap">(2)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9381.43px;left:648px;white-space:nowrap">Optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9381.43px;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:160px;position:absolute;top:9381.43px;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:160px;position:absolute;top:9381.43px;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:160px;position:absolute;top:9381.43px;left:2925.89px;white-space:nowrap">(month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9381.43px;left:3489.88px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9381.43px;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:160px;position:absolute;top:9381.43px;left:4209.87px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9381.43px;left:4530.19px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9381.43px;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:160px;position:absolute;top:9381.43px;left:5200.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9381.43px;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:160px;position:absolute;top:9381.43px;left:6043.44px;white-space:nowrap">optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9381.43px;left:6690px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9381.43px;left:6976.08px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9381.43px;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:160px;position:absolute;top:9381.43px;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:160px;position:absolute;top:9381.43px;left:8567.74px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9381.43px;left:8912.54px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9381.43px;left:9145.97px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9381.43px;left:9576.85px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9381.43px;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:160px;position:absolute;top:9381.43px;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:160px;position:absolute;top:9573.43px;left:648px;white-space:nowrap">varying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9573.43px;left:1221.27px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9573.43px;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:160px;position:absolute;top:9573.43px;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:160px;position:absolute;top:9573.43px;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:160px;position:absolute;top:9573.43px;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:160px;position:absolute;top:9573.43px;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:160px;position:absolute;top:9573.43px;left:4642.35px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9573.43px;left:5368.73px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9573.43px;left:5713.53px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9573.43px;left:5946.97px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9573.43px;left:6515.28px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9573.43px;left:6703.75px;white-space:nowrap">periodic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9573.43px;left:7354.15px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9573.43px;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:160px;position:absolute;top:9573.43px;left:8898.61px;white-space:nowrap">Optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9573.43px;left:9583.4px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9573.43px;left:9901.8px;letter-spacing:-0.96px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9573.43px;left:10670.27px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9765.43px;left:648px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9765.43px;left:929.44px;letter-spacing:-0.36px;white-space:nowrap">covered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9765.43px;left:1564.95px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9765.43px;left:1784.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9765.43px;left:2060.46px;letter-spacing:-0.69px;white-space:nowrap">report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9765.43px;left:2552.45px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9765.43px;left:2741.25px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9765.43px;left:3730.84px;letter-spacing:-0.52px;white-space:nowrap">registered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9765.43px;left:4519.62px;white-space:nowrap">public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9765.43px;left:5016.42px;white-space:nowrap">accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9765.43px;left:5870.33px;text-rendering:optimizeLegibility;letter-spacing:-0.96px;white-space:nowrap">firm.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:0px;white-space:nowrap">(3)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:648px;letter-spacing:-1.92px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:925.6px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:1569.75px;letter-spacing:-0.48px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:2295.82px;letter-spacing:-0.48px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:3057.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:3333.24px;letter-spacing:-0.44px;white-space:nowrap">ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:3868.6px;white-space:nowrap">disclosed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:4604.11px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:4875.78px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:5151.3px;white-space:nowrap">highest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:5732.25px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:5921.04px;letter-spacing:-0.43px;white-space:nowrap">Standard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:6623.44px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:6776.08px;letter-spacing:-2.19px;white-space:nowrap">Poor&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:7253.19px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:7764.86px;letter-spacing:-0.35px;white-space:nowrap">(&#8220;Standard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:8577.17px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:8729.81px;letter-spacing:-2.02px;white-space:nowrap">Poor&#8217;s&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:9353.63px;letter-spacing:-0.96px;white-space:nowrap">Moody&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9966.39px;left:10009.78px;white-space:nowrap">Investors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:648px;letter-spacing:-0.53px;white-space:nowrap">Service,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:1253.75px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:1545.11px;letter-spacing:-0.64px;white-space:nowrap">(&#8220;Moody&#8217;s&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:2421.09px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:2616.45px;letter-spacing:-1.1px;white-space:nowrap">Fitch,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:3044.29px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:3335.64px;letter-spacing:-0.29px;white-space:nowrap">(&#8220;Fitch&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:3946.52px;letter-spacing:-1.04px;white-space:nowrap">rating.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:4443.79px;letter-spacing:-0.58px;white-space:nowrap">This
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:4776.43px;letter-spacing:-0.54px;white-space:nowrap">treatment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:5523.46px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:5712.25px;letter-spacing:-0.29px;white-space:nowrap">split-rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:6490.8px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:7217.19px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:7561.98px;letter-spacing:-0.41px;white-space:nowrap">differ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:7984.54px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:8365.5px;letter-spacing:-0.32px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:8684.05px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:9081.49px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:9324.04px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10158.39px;left:9754.91px;letter-spacing:-0.48px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:648px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:1025.28px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:1221.75px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:1464.31px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:1875.35px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:2716.13px;letter-spacing:-0.48px;white-space:nowrap">policies.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:3355.17px;letter-spacing:-0.44px;white-space:nowrap">Ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:3928.76px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:4419.63px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:4764.91px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:4984.9px;letter-spacing:-0.43px;white-space:nowrap">Standard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:5687.3px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:5839.94px;letter-spacing:-2.52px;white-space:nowrap">Poor&#8217;s,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:6353.84px;white-space:nowrap">Baa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:6666.48px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:6886.48px;letter-spacing:-0.96px;white-space:nowrap">Moody&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:7542.63px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:7737.99px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:8083.26px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:8303.26px;letter-spacing:-0.48px;white-space:nowrap">Fitch
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:8694.29px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:8965.97px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:9829.32px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:10017.8px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10350.39px;left:10251.23px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:648px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:1488.79px;letter-spacing:-0.96px;white-space:nowrap">grade.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:2001.26px;white-space:nowrap">Holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:2701.25px;letter-spacing:-0.15px;white-space:nowrap">designated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:3567.8px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:3885.08px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:4156.75px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:4438.19px;letter-spacing:-0.59px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:4861.86px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:5081.86px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:5378.34px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:5567.13px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:6005.2px;letter-spacing:-0.18px;white-space:nowrap">national
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:6629.2px;letter-spacing:-0.5px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:7093.51px;letter-spacing:-0.48px;white-space:nowrap">agencies.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:7823.9px;letter-spacing:-0.44px;white-space:nowrap">Ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:8397.5px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:8669.17px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:8950.61px;letter-spacing:-0.36px;white-space:nowrap">covered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:9586.12px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:9806.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:10081.64px;letter-spacing:-0.69px;white-space:nowrap">report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10542.39px;left:10573.63px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10734.39px;left:648px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10734.39px;left:1637.59px;letter-spacing:-0.52px;white-space:nowrap">registered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10734.39px;left:2426.37px;white-space:nowrap">public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10734.39px;left:2923.17px;white-space:nowrap">accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10734.39px;left:3777.08px;text-rendering:optimizeLegibility;letter-spacing:-0.96px;white-space:nowrap">firm.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10935.35px;left:0px;white-space:nowrap">(4)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10935.35px;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:160px;position:absolute;top:10935.35px;left:1266.87px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10935.35px;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:160px;position:absolute;top:10935.35px;left:2341.26px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10935.35px;left:2466.7px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10935.35px;left:2901.26px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10935.35px;left:3244.61px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10935.35px;left:3370.05px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10935.35px;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:160px;position:absolute;top:10935.35px;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:160px;position:absolute;top:10935.35px;left:5008.91px;white-space:nowrap">(&quot;steps
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10935.35px;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:160px;position:absolute;top:10935.35px;left:5931.77px;white-space:nowrap">usually
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10935.35px;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:160px;position:absolute;top:10935.35px;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:160px;position:absolute;top:10935.35px;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:160px;position:absolute;top:10935.35px;left:7895.59px;white-space:nowrap">while
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10935.35px;left:8320.06px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10935.35px;left:8595.58px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10935.35px;left:9030.13px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10935.35px;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:160px;position:absolute;top:10935.35px;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:160px;position:absolute;top:10935.35px;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:160px;position:absolute;top:11127.35px;left:648px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11127.35px;left:1162.39px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11127.35px;left:1313.43px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11127.35px;left:1588.94px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11127.35px;left:2191.98px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11127.35px;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:160px;position:absolute;top:11127.35px;left:2577.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11127.35px;left:2852.77px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11127.35px;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:160px;position:absolute;top:11127.35px;left:3367.96px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11127.35px;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:160px;position:absolute;top:11127.35px;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:160px;position:absolute;top:11328.3px;left:0px;white-space:nowrap">(5)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11328.3px;left:648px;letter-spacing:-0.4px;white-space:nowrap">Investment,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11328.3px;left:1527.18px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11328.3px;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:160px;position:absolute;top:11328.3px;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:160px;position:absolute;top:11328.3px;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:160px;position:absolute;top:11328.3px;left:3365.4px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11328.3px;left:3655.15px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11328.3px;left:4073.07px;white-space:nowrap">pledged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11328.3px;left:4742.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11328.3px;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:160px;position:absolute;top:11328.3px;left:5839.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11328.3px;left:6115.12px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11328.3px;left:6390.31px;white-space:nowrap">payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11328.3px;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:160px;position:absolute;top:11328.3px;left:7929.34px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11328.3px;left:8171.89px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11328.3px;left:9083.72px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11328.3px;left:9256.67px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11328.3px;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:160px;position:absolute;top:11328.3px;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:160px;position:absolute;top:11520.3px;left:648px;letter-spacing:-0.52px;white-space:nowrap">transactions.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11721.26px;left:0px;white-space:nowrap">(6)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11721.26px;left:648px;white-space:nowrap">Defaulted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11721.26px;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:160px;position:absolute;top:11721.26px;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:160px;position:absolute;top:11721.26px;left:2189.9px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11721.26px;left:2791.81px;white-space:nowrap">whose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11721.26px;left:3304.76px;white-space:nowrap">issuer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11721.26px;left:3768.91px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11721.26px;left:4058.67px;white-space:nowrap">failed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11721.26px;left:4505.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11721.26px;left:4693.54px;white-space:nowrap">fully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11721.26px;left:5032.42px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11721.26px;left:5337.54px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11721.26px;left:6017.05px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11721.26px;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:160px;position:absolute;top:11721.26px;left:7135.11px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11721.26px;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:160px;position:absolute;top:11721.26px;left:7935.42px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11721.26px;left:8130.78px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11721.26px;left:8281.82px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11721.26px;left:8758.77px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11721.26px;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:160px;position:absolute;top:11721.26px;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:160px;position:absolute;top:11721.26px;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:160px;position:absolute;top:11922.22px;left:0px;white-space:nowrap">(7)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11922.22px;left:648px;letter-spacing:-0.41px;white-space:nowrap">Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11922.22px;left:1227.36px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11922.22px;left:1447.35px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11922.22px;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:160px;position:absolute;top:11922.22px;left:2220.14px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11922.22px;left:2415.5px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11922.22px;left:2778.53px;white-space:nowrap">containing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11922.22px;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:160px;position:absolute;top:11922.22px;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:160px;position:absolute;top:11922.22px;left:4601.39px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11922.22px;left:5560.42px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11922.22px;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:160px;position:absolute;top:11922.22px;left:6074.17px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11922.22px;left:7033.2px;white-space:nowrap">agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11922.22px;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:160px;position:absolute;top:11922.22px;left:8365.5px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11922.22px;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:160px;position:absolute;top:11922.22px;left:9366.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11922.22px;left:9641.64px;white-space:nowrap">timely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11922.22px;left:10123.55px;white-space:nowrap">payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11922.22px;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:160px;position:absolute;top:12114.22px;left:648px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12114.22px;left:1327.51px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12114.22px;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:160px;position:absolute;top:12315.18px;left:0px;white-space:nowrap">(8)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12315.18px;left:648px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12315.18px;left:1125.75px;letter-spacing:-0.96px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12315.18px;left:1688.79px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12315.18px;left:1993.26px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12315.18px;left:2189.74px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12315.18px;left:2315.18px;letter-spacing:-0.26px;white-space:nowrap">percentage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12315.18px;left:3196.29px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12315.18px;left:3381.24px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12315.18px;left:3771.32px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12315.18px;left:4684.74px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12315.18px;left:4835.78px;white-space:nowrap">20.7%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12516.14px;left:0px;white-space:nowrap">(9)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12516.14px;left:648px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12516.14px;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:160px;position:absolute;top:12516.14px;left:1660.47px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12516.14px;left:1964.94px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12516.14px;left:2161.42px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12516.14px;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:160px;position:absolute;top:12516.14px;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:160px;position:absolute;top:12516.14px;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:160px;position:absolute;top:12516.14px;left:3743px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12516.14px;left:4656.42px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12516.14px;left:4807.46px;letter-spacing:-0.8px;white-space:nowrap">14.4%.</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="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:160px;position:absolute;top:40px;left:0px;letter-spacing:-0.72px;white-space:nowrap">144A</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:648px;white-space:nowrap">Investment
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:1490.39px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;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:160px;position:absolute;top:40px;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:160px;position:absolute;top:40px;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:160px;position:absolute;top:40px;left:3484.6px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;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:160px;position:absolute;top:40px;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:160px;position:absolute;top:40px;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:160px;position:absolute;top:40px;left:4936.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:5212.1px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:5954.81px;white-space:nowrap">Act
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;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:160px;position:absolute;top:40px;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:160px;position:absolute;top:40px;left:6874.31px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;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:160px;position:absolute;top:40px;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:160px;position:absolute;top:40px;left:8325.98px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:9237.8px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:9582.6px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:9931.71px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:648px;letter-spacing:-0.41px;white-space:nowrap">resold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:1145.27px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;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:160px;position:absolute;top:232px;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:160px;position:absolute;top:232px;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:160px;position:absolute;top:232px;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:160px;position:absolute;top:232px;left:4111.95px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;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:160px;position:absolute;top:232px;left:4849.55px;white-space:nowrap">normally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:5523.3px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;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:160px;position:absolute;top:232px;left:6881.35px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:7224.71px;text-rendering:optimizeLegibility;white-space:nowrap">qualified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:7905.5px;white-space:nowrap">institutional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;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:160px;position:absolute;top:432.96px;left:0px;letter-spacing:-1.28px;white-space:nowrap">AMT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:432.96px;left:648px;letter-spacing:-0.13px;white-space:nowrap">Alternative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:432.96px;left:1477.27px;white-space:nowrap">Minimum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:432.96px;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:160px;position:absolute;top:633.92px;left:0px;white-space:nowrap">IF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:648px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:1212.31px;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:160px;position:absolute;top:633.92px;left:1805.74px;letter-spacing:-0.7px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:2127.5px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:2729.41px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:3237.88px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:3457.88px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:3583.31px;white-space:nowrap">tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:4109.55px;white-space:nowrap">option
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:4630.34px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:5064.89px;letter-spacing:-0.24px;white-space:nowrap">(&#8220;TOB&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:5651.76px;letter-spacing:-0.69px;white-space:nowrap">trust,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:6051.59px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:6327.11px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:6910.29px;letter-spacing:-0.7px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:7232.05px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:7462.77px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:7928.68px;white-space:nowrap">varies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:8392.36px;white-space:nowrap">inversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:9073.46px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:633.92px;left:9416.82px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:825.92px;left:648px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:825.92px;left:1393.59px;white-space:nowrap">Industry
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:825.92px;left:2020.46px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:825.92px;left:2704.61px;letter-spacing:-0.36px;white-space:nowrap">Markets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:825.92px;left:3318.52px;letter-spacing:-0.13px;white-space:nowrap">Association
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:825.92px;left:4195.63px;white-space:nowrap">(SIFMA)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:825.92px;left:4807.15px;letter-spacing:-0.17px;white-space:nowrap">short-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:825.92px;left:5607.93px;letter-spacing:-1.39px;white-space:nowrap">rate,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:825.92px;left:5966.48px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:825.92px;left:6432.4px;letter-spacing:-0.41px;white-space:nowrap">resets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:825.92px;left:6902.95px;letter-spacing:-1.32px;white-space:nowrap">weekly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:825.92px;left:7476.38px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:825.92px;left:7671.74px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:825.92px;left:7797.18px;white-space:nowrap">similar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:825.92px;left:8312.85px;letter-spacing:-0.17px;white-space:nowrap">short-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:825.92px;left:9113.63px;letter-spacing:-1.39px;white-space:nowrap">rate,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:825.92px;left:9472.19px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:825.92px;left:9792.51px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1017.92px;left:648px;letter-spacing:-0.36px;white-space:nowrap">reduced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1017.92px;left:1302.55px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1017.92px;left:1522.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1017.92px;left:1798.07px;letter-spacing:-0.11px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1017.92px;left:2525.73px;letter-spacing:-0.56px;white-space:nowrap">related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1017.92px;left:3080.29px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1017.92px;left:3268.76px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1017.92px;left:3540.44px;letter-spacing:-1.2px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1017.92px;left:3904.6px;letter-spacing:-0.8px;white-space:nowrap">trust.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1218.88px;left:0px;white-space:nowrap">UB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1218.88px;left:648px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1218.88px;left:1498.07px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1218.88px;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:160px;position:absolute;top:1218.88px;left:2121.42px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1218.88px;left:2339.82px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1218.88px;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:160px;position:absolute;top:1218.88px;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:160px;position:absolute;top:1218.88px;left:3817.72px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1218.88px;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:160px;position:absolute;top:1218.88px;left:4869.7px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1218.88px;left:5066.17px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1218.88px;left:5191.61px;text-rendering:optimizeLegibility;white-space:nowrap">financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1218.88px;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:-0.18px;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">30</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:1501.35px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:2411.54px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:3409.98px;white-space:nowrap">AMT-Free
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:5366.07px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:6807.3px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:3067.03px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:4271.13px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:4723.48px;white-space:nowrap">2023</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">NRK</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11956 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.98px;white-space:nowrap">Provisions</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.5px;white-space:nowrap">Ratings</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:464.96px;left:3768.62px;white-space:nowrap">164.3%&#160;(100.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:925.92px;left:0px;white-space:nowrap">1,686,508,608
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:925.92px;left:3171.66px;white-space:nowrap">164.3%&#160;&#160;(100.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:993.92px;left:9387.22px;letter-spacing:0px;white-space:nowrap">1,686,508,608</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:1308.24px;left:3040.94px;white-space:nowrap">7.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1308.24px;left:3481.42px;white-space:nowrap">(4.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:1577.2px;left:1512px;white-space:nowrap">Erie
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:1835.84px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:2397.75px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:3053.59px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:3489.9px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:4508.92px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:5474.67px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1769.2px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1769.2px;left:2047.84px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1769.2px;left:2706.55px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1769.2px;left:3533.26px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1769.2px;left:4560.13px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1769.2px;left:5102.36px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1961.2px;left:1656px;white-space:nowrap">2005A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2162.16px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2162.16px;left:686.41px;white-space:nowrap">27,580</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2162.16px;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:160px;position:absolute;top:2162.16px;left:2278.87px;white-space:nowrap">6/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2162.16px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2162.16px;left:8766.73px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2162.16px;left:9231.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2162.16px;left:9615.42px;letter-spacing:0px;white-space:nowrap">26,386,062
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2363.12px;left:779.21px;white-space:nowrap">9,555</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2363.12px;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:160px;position:absolute;top:2363.12px;left:2278.87px;white-space:nowrap">6/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2363.12px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2363.12px;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:160px;position:absolute;top:2363.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2363.12px;left:8766.73px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2363.12px;left:9708.22px;letter-spacing:0px;white-space:nowrap">8,976,540</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:686.41px;white-space:nowrap">10,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:1512px;white-space:nowrap">Erie
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:1835.84px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:2397.75px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:3053.59px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:3489.9px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:4508.92px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:5474.67px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:5843.95px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:6235.78px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2756.07px;left:1656px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2756.07px;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:160px;position:absolute;top:2756.07px;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:160px;position:absolute;top:2756.07px;left:4051.81px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2756.07px;left:4533.72px;letter-spacing:-0.69px;white-space:nowrap">2005C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2756.07px;left:5096.91px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2756.07px;left:5719.77px;letter-spacing:-0.53px;white-space:nowrap">6/01/50,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2756.07px;left:6378.96px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:7171.06px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;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:160px;position:absolute;top:2564.07px;left:7723.21px;white-space:nowrap">18.18</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,028,900</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2957.03px;left:779.21px;white-space:nowrap">4,680
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2957.03px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2957.03px;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:160px;position:absolute;top:2957.03px;left:2240.15px;letter-spacing:-0.21px;white-space:nowrap">Counties
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2957.03px;left:2926.54px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2957.03px;left:3581.42px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2957.03px;left:3967.65px;letter-spacing:-1.2px;white-space:nowrap">VI,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2957.03px;left:4185.73px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2957.03px;left:4555.01px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2957.03px;left:4946.84px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2957.03px;left:5605.56px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2957.03px;left:6435.15px;letter-spacing:-1.92px;white-space:nowrap">Pass-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3149.03px;left:1656px;letter-spacing:-0.72px;white-space:nowrap">Through
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3149.03px;left:2317.43px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3149.03px;left:2855.83px;letter-spacing:-2.4px;white-space:nowrap">Turbo
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3149.03px;left:3319.02px;letter-spacing:-3.07px;white-space:nowrap">Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3149.03px;left:3725.26px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3149.03px;left:4207.17px;letter-spacing:-0.69px;white-space:nowrap">2016A.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3149.03px;left:4767.16px;white-space:nowrap">Including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3149.03px;left:5490.99px;letter-spacing:-0.53px;white-space:nowrap">2016A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3149.03px;left:6194.98px;white-space:nowrap">2016A-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3341.03px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">2A
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3341.03px;left:1897.92px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3341.03px;left:2218.24px;letter-spacing:-0.48px;white-space:nowrap">2016A-2B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3341.03px;left:3023.98px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3341.03px;left:3646.85px;white-space:nowrap">6/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2957.03px;left:7078.26px;white-space:nowrap">6/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2957.03px;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:160px;position:absolute;top:2957.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2957.03px;left:8761.93px;white-space:nowrap">BB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2957.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,409,964</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3541.99px;left:686.41px;white-space:nowrap">39,715
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3541.99px;left:1512px;white-space:nowrap">TSASC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3541.99px;left:2050.87px;letter-spacing:-0.8px;white-space:nowrap">Inc.,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3541.99px;left:2383.83px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3541.99px;left:2753.11px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3541.99px;left:3144.94px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3541.99px;left:3800.78px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3541.99px;left:4827.65px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3541.99px;left:5369.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3541.99px;left:5851.79px;letter-spacing:-0.8px;white-space:nowrap">2006,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3541.99px;left:6299.78px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3733.99px;left:1656px;white-space:nowrap">6/01/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3541.99px;left:7078.26px;white-space:nowrap">6/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3541.99px;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:160px;position:absolute;top:3541.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3541.99px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3541.99px;left:9614.42px;letter-spacing:0px;white-space:nowrap">36,311,425</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3934.95px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3934.95px;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:160px;position:absolute;top:3934.95px;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:160px;position:absolute;top:3934.95px;left:9686.42px;white-space:nowrap">77,112,891
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4249.27px;left:1512px;letter-spacing:-0.16px;white-space:nowrap">Education
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4249.27px;left:2328.63px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4249.27px;left:2663.03px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4249.27px;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:160px;font-weight:bold;position:absolute;top:4249.27px;left:4211.65px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4249.27px;left:4303.81px;white-space:nowrap">25.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4249.27px;left:4847.64px;white-space:nowrap">(15.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4249.27px;left:5446.2px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4249.27px;left:5645.55px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4249.27px;left:6062.03px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4518.23px;left:779.21px;white-space:nowrap">3,150</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4518.23px;left:1512px;letter-spacing:-0.32px;white-space:nowrap">Brooklyn
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4518.23px;left:2194.07px;letter-spacing:-0.48px;white-space:nowrap">Arena
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4518.23px;left:2670.71px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4518.23px;left:3092.95px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4518.23px;left:4131.33px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4518.23px;left:5097.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4518.23px;left:5466.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4518.23px;left:5862.03px;letter-spacing:-1.2px;white-space:nowrap">Payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4518.23px;left:6525.22px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4710.23px;left:1656px;white-space:nowrap">Lieu
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4710.23px;left:2002.08px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4710.23px;left:2187.04px;letter-spacing:-2.72px;white-space:nowrap">Taxes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4710.23px;left:2627.35px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4710.23px;left:3299.82px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4710.23px;left:3842.05px;letter-spacing:-0.32px;white-space:nowrap">Barclays
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4710.23px;left:4478.85px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4710.23px;left:5016.44px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4710.23px;left:5593.23px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4710.23px;left:6387.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4902.23px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4902.23px;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:160px;position:absolute;top:4902.23px;left:2838.86px;white-space:nowrap">7/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4518.23px;left:7078.26px;white-space:nowrap">1/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4518.23px;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:160px;position:absolute;top:4518.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4518.23px;left:8792px;white-space:nowrap">Ba1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4518.23px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,118,973</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5103.19px;left:1512px;letter-spacing:-0.32px;white-space:nowrap">Brooklyn
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5103.19px;left:2194.07px;letter-spacing:-0.48px;white-space:nowrap">Arena
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5103.19px;left:2670.71px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5103.19px;left:3092.95px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5103.19px;left:4131.33px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5103.19px;left:5097.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5103.19px;left:5466.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5295.19px;left:1656px;letter-spacing:-1.2px;white-space:nowrap">Payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5295.19px;left:2319.19px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5295.19px;left:2492.15px;white-space:nowrap">Lieu
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5295.19px;left:2838.23px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5295.19px;left:3023.19px;letter-spacing:-2.72px;white-space:nowrap">Taxes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5295.19px;left:3463.5px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5295.19px;left:4135.97px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5295.19px;left:4678.2px;letter-spacing:-0.32px;white-space:nowrap">Barclays
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5295.19px;left:5315px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5487.19px;left:1656px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5487.19px;left:2232.79px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5487.19px;left:2714.7px;white-space:nowrap">2009:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5688.15px;left:779.21px;white-space:nowrap">9,995
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5688.15px;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:160px;position:absolute;top:5688.15px;left:2278.87px;white-space:nowrap">7/15/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5688.15px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5688.15px;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:160px;position:absolute;top:5688.15px;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:160px;position:absolute;top:5688.15px;left:8792px;white-space:nowrap">Ba1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5688.15px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,149,325</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5889.11px;left:686.41px;white-space:nowrap">29,145
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5889.11px;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:160px;position:absolute;top:5889.11px;left:2278.87px;white-space:nowrap">7/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5889.11px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5889.11px;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:160px;position:absolute;top:5889.11px;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:160px;position:absolute;top:5889.11px;left:8792px;white-space:nowrap">Ba1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5889.11px;left:9708.22px;letter-spacing:0px;white-space:nowrap">8,145,736</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6090.07px;left:1512px;white-space:nowrap">Build
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6090.07px;left:1928.96px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6090.07px;left:2298.23px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6090.07px;left:2657.11px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6090.07px;left:2981.1px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6090.07px;left:3694.53px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6090.07px;left:4660.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6090.07px;left:5029.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6282.07px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6282.07px;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:160px;position:absolute;top:6282.07px;left:2870.7px;letter-spacing:-0.48px;white-space:nowrap">Bronx
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6282.07px;left:3335.34px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6282.07px;left:3924.77px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6282.07px;left:4464.12px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6282.07px;left:4706.68px;letter-spacing:-0.48px;white-space:nowrap">Excellence,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6474.07px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6474.07px;left:2137.91px;white-space:nowrap">2013A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6675.03px;left:913.61px;white-space:nowrap">750
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6675.03px;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:160px;position:absolute;top:6675.03px;left:2278.87px;white-space:nowrap">4/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6675.03px;left:7078.26px;white-space:nowrap">4/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6675.03px;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:160px;position:absolute;top:6675.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6675.03px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6675.03px;left:9842.61px;letter-spacing:0px;white-space:nowrap">750,405</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6875.99px;left:779.21px;white-space:nowrap">3,035
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6875.99px;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:160px;position:absolute;top:6875.99px;left:2278.87px;white-space:nowrap">4/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6875.99px;left:7078.26px;white-space:nowrap">4/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6875.99px;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:160px;position:absolute;top:6875.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6875.99px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6875.99px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,035,850</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:686.41px;white-space:nowrap">10,325
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:1512px;white-space:nowrap">Build
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:1928.96px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:2298.23px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:2657.11px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:2981.1px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:3694.53px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:4660.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:5029.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:5425.23px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:6097.71px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7268.95px;left:1656px;white-space:nowrap">KIPP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7268.95px;left:2023.67px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7268.95px;left:2392.95px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7268.95px;left:2751.83px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7268.95px;left:3075.82px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7268.95px;left:3556.14px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7268.95px;left:4095.49px;letter-spacing:-1.04px;white-space:nowrap">Facilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7268.95px;left:4793.57px;letter-spacing:-0.48px;white-space:nowrap">Canal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7268.95px;left:5248.12px;letter-spacing:-1.15px;white-space:nowrap">West
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7268.95px;left:5651.16px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7268.95px;left:6227.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7460.95px;left:1656px;letter-spacing:-0.8px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7460.95px;left:2103.99px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7460.95px;left:2726.86px;white-space:nowrap">7/01/62
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;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:160px;position:absolute;top:7076.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,385,608</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7661.91px;left:1512px;white-space:nowrap">Build
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7661.91px;left:1928.96px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7661.91px;left:2298.23px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7661.91px;left:2657.11px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7661.91px;left:2981.1px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7661.91px;left:3694.53px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7661.91px;left:4660.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7661.91px;left:5029.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7853.91px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7853.91px;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:160px;position:absolute;top:7853.91px;left:2870.7px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7853.91px;left:3855.97px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7853.91px;left:4471.8px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7853.91px;left:4660.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7853.91px;left:5029.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7853.91px;left:5425.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8045.91px;left:1656px;white-space:nowrap">2014:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8246.87px;left:779.21px;white-space:nowrap">1,100
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8246.87px;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:160px;position:absolute;top:8246.87px;left:2278.87px;white-space:nowrap">11/01/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8246.87px;left:6985.46px;white-space:nowrap">11/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8246.87px;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:160px;position:absolute;top:8246.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8246.87px;left:8817.29px;white-space:nowrap">BB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8246.87px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,062,149</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8447.83px;left:779.21px;white-space:nowrap">5,705
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8447.83px;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:160px;position:absolute;top:8447.83px;left:2278.87px;white-space:nowrap">11/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8447.83px;left:6985.46px;white-space:nowrap">11/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8447.83px;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:160px;position:absolute;top:8447.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8447.83px;left:8817.29px;white-space:nowrap">BB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8447.83px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,344,672</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8648.79px;left:779.21px;white-space:nowrap">1,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8648.79px;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:160px;position:absolute;top:8648.79px;left:2278.87px;white-space:nowrap">11/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8648.79px;left:6985.46px;white-space:nowrap">11/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8648.79px;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:160px;position:absolute;top:8648.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8648.79px;left:8817.29px;white-space:nowrap">BB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8648.79px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,278,360</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8849.75px;left:1512px;white-space:nowrap">Build
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8849.75px;left:1928.96px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8849.75px;left:2298.23px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8849.75px;left:2657.11px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8849.75px;left:2981.1px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8849.75px;left:3694.53px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8849.75px;left:4660.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8849.75px;left:5029.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9041.75px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9041.75px;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:160px;position:absolute;top:9041.75px;left:2870.7px;white-space:nowrap">South
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9041.75px;left:3335.66px;letter-spacing:-0.48px;white-space:nowrap">Bronx
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9041.75px;left:3800.29px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9041.75px;left:4389.72px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9041.75px;left:4929.08px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9233.75px;left:1656px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9233.75px;left:2614.39px;letter-spacing:-0.32px;white-space:nowrap">Cultures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9233.75px;left:3263.81px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9233.75px;left:3584.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9233.75px;left:3856.77px;letter-spacing:-0.38px;white-space:nowrap">Arts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9233.75px;left:4186.2px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9233.75px;left:4762.99px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9233.75px;left:5244.91px;white-space:nowrap">2013A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9434.71px;left:779.21px;white-space:nowrap">2,690
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9434.71px;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:160px;position:absolute;top:9434.71px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">4/15/33,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9434.71px;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:160px;position:absolute;top:9434.71px;left:7078.26px;white-space:nowrap">4/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9434.71px;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:160px;position:absolute;top:9434.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9434.71px;left:8761.93px;white-space:nowrap">BB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9434.71px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,658,312</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9635.66px;left:779.21px;white-space:nowrap">4,090
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9635.66px;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:160px;position:absolute;top:9635.66px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">4/15/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9635.66px;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:160px;position:absolute;top:9635.66px;left:7078.26px;white-space:nowrap">4/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9635.66px;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:160px;position:absolute;top:9635.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9635.66px;left:8761.93px;white-space:nowrap">BB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9635.66px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,842,718</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:779.21px;white-space:nowrap">7,510
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:1512px;white-space:nowrap">Build
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:1928.96px;letter-spacing:-0.96px;white-space:nowrap">NYC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:2298.87px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:3012.31px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:3978.05px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:4347.33px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:4743px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:5415.48px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:5957.71px;letter-spacing:-1.1px;white-space:nowrap">Family
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:6465.07px;white-space:nowrap">Life
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:1656px;white-space:nowrap">Academy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:2386.23px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:2975.66px;letter-spacing:-0.6px;white-space:nowrap">School,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:3551.82px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:4033.73px;letter-spacing:-0.53px;white-space:nowrap">2020A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:4737.72px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:5360.58px;letter-spacing:-0.53px;white-space:nowrap">6/01/55,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:6019.77px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;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:160px;position:absolute;top:9836.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,901,658</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:779.21px;white-space:nowrap">2,460
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:1512px;white-space:nowrap">Build
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:1928.96px;letter-spacing:-0.96px;white-space:nowrap">NYC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:2298.87px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:3012.31px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:3978.05px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:4347.33px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:4743px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:5415.48px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:5957.71px;white-space:nowrap">Richmond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:1656px;letter-spacing:-1.17px;white-space:nowrap">Preparatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:2538.07px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:3127.5px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:3666.85px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:4243.64px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:4717.4px;white-space:nowrap">Impact
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:5258.04px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:5798.03px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:6279.94px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10613.58px;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:160px;position:absolute;top:10613.58px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">6/01/51,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10613.58px;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:160px;position:absolute;top:10229.58px;left:7078.26px;white-space:nowrap">6/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;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:160px;position:absolute;top:10229.58px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,187,899</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:779.21px;white-space:nowrap">3,655
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:1512px;white-space:nowrap">Dobbs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:2045.75px;letter-spacing:-1.28px;white-space:nowrap">Ferry
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:2452.79px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:2875.02px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:3913.41px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:4879.16px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:5248.44px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:5644.11px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:6316.58px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11006.54px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">Mercy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11006.54px;left:2142.07px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11006.54px;left:2757.91px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11006.54px;left:3334.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11006.54px;left:3816.61px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11006.54px;left:4264.6px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11006.54px;left:4887.47px;white-space:nowrap">7/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:7078.26px;white-space:nowrap">7/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;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:160px;position:absolute;top:10814.54px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:8962.88px;letter-spacing:-2.88px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,698,823</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:779.21px;white-space:nowrap">4,990
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:5450.34px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:6122.82px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11399.5px;left:1656px;white-space:nowrap">Saint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11399.5px;left:2053.44px;white-space:nowrap">Johns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11399.5px;left:2527.19px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11399.5px;left:3311.82px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11399.5px;left:3793.73px;letter-spacing:-0.69px;white-space:nowrap">2013A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11399.5px;left:4353.72px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11399.5px;left:4976.59px;white-space:nowrap">7/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:7078.26px;white-space:nowrap">7/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;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:160px;position:absolute;top:11207.5px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,997,984</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11600.46px;left:779.21px;white-space:nowrap">1,655
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11600.46px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11600.46px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11600.46px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11600.46px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11600.46px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11600.46px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11600.46px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11600.46px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11600.46px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11600.46px;left:5450.34px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11600.46px;left:6122.82px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:1656px;white-space:nowrap">Saint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:2053.44px;white-space:nowrap">Johns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:2527.19px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:3311.82px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:3793.73px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:4353.72px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:4976.59px;white-space:nowrap">7/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11600.46px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11600.46px;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:160px;position:absolute;top:11600.46px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11600.46px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11600.46px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,698,063</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,[encoded data, 12268 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1039.28px;left:2866.87px;letter-spacing:-1.8px;white-space:nowrap">Yeshiva
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3448.14px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4232.77px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4714.68px;white-space:nowrap">2022A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">5,055</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1240.24px;left:2278.87px;white-space:nowrap">7/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1240.24px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1240.24px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,073,855
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:779.21px;white-space:nowrap">6,805</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1441.2px;left:2278.87px;white-space:nowrap">7/15/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1441.2px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:9708.22px;letter-spacing:0px;white-space:nowrap">6,659,033</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:779.21px;white-space:nowrap">4,265
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:4828.27px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:5478.98px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:6151.45px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">Fashion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:2258.71px;white-space:nowrap">Institute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:2880.94px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:3065.9px;letter-spacing:-2.16px;white-space:nowrap">Technology,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:3985.57px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:4467.48px;letter-spacing:-0.8px;white-space:nowrap">2007,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:4915.47px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:5538.34px;white-space:nowrap">7/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:6160.73px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:6251.93px;white-space:nowrap">FGIC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;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:160px;position:absolute;top:1642.16px;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:160px;position:absolute;top:1642.16px;left:8706.57px;white-space:nowrap">Baa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,472,535</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:779.21px;white-space:nowrap">4,100
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:4828.27px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:5414.98px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:6087.45px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:1656px;white-space:nowrap">Mount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:2172.15px;white-space:nowrap">Sinai
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:2560.79px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:3100.15px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:3288.94px;letter-spacing:-0.48px;white-space:nowrap">Medicine,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:4045.41px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:4527.33px;letter-spacing:-0.69px;white-space:nowrap">1994A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:5087.32px;letter-spacing:-0.6px;white-space:nowrap">5.150%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:5710.18px;white-space:nowrap">7/01/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:6332.57px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:6423.77px;white-space:nowrap">NPFG
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;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:160px;position:absolute;top:2227.12px;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:160px;position:absolute;top:2227.12px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,164,575</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:4828.27px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;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:160px;position:absolute;top:3004.07px;left:2870.7px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:3276.78px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:4030.37px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:4812.27px;letter-spacing:-1.04px;white-space:nowrap">Facilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:2137.91px;white-space:nowrap">2017A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3397.03px;left:779.21px;white-space:nowrap">2,930
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3397.03px;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:160px;position:absolute;top:3397.03px;left:2278.87px;white-space:nowrap">7/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3397.03px;left:7078.26px;white-space:nowrap">7/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3397.03px;left:8781.76px;white-space:nowrap">Aa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3397.03px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,184,529</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:779.21px;white-space:nowrap">9,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:6042.97px;letter-spacing:-1.32px;white-space:nowrap">Fordham
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3789.99px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3789.99px;left:2440.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3789.99px;left:2922.54px;letter-spacing:-0.8px;white-space:nowrap">2020,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3789.99px;left:3370.53px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3789.99px;left:3993.4px;white-space:nowrap">7/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:7078.26px;white-space:nowrap">7/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3597.99px;left:8962.88px;letter-spacing:-2.88px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">8,312,310</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:686.41px;white-space:nowrap">12,970
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:6042.97px;white-space:nowrap">Icahn
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:1656px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:2195.36px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:2384.15px;white-space:nowrap">Medicine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:3103.82px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:3278.38px;white-space:nowrap">Mount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:3794.54px;letter-spacing:-0.69px;white-space:nowrap">Sinai,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:4219.97px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:5014.53px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:5496.44px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:6056.43px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4374.95px;left:1656px;white-space:nowrap">7/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3990.95px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:9614.42px;letter-spacing:0px;white-space:nowrap">13,132,514</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4575.91px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4575.91px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4575.91px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4575.91px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4575.91px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4575.91px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4575.91px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4575.91px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4575.91px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:4767.91px;left:2198.23px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4767.91px;left:2571.35px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4767.91px;left:3110.7px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4767.91px;left:3895.33px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4767.91px;left:4377.24px;white-space:nowrap">2022A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4968.87px;left:779.21px;white-space:nowrap">4,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4968.87px;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:160px;position:absolute;top:4968.87px;left:2278.87px;white-space:nowrap">7/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4968.87px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:4968.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4968.87px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4968.87px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,476,680</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:779.21px;white-space:nowrap">2,820
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;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:160px;position:absolute;top:5169.83px;left:2278.87px;white-space:nowrap">7/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5169.83px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,393,249</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:2198.23px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:2567.51px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:2926.38px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:3711.01px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:4192.92px;white-space:nowrap">2001-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:779.21px;white-space:nowrap">1,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;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:160px;position:absolute;top:5763.75px;left:2278.87px;white-space:nowrap">7/01/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:2989.58px;letter-spacing:-0.48px;white-space:nowrap">AMBAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:3609.41px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;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:160px;position:absolute;top:5763.75px;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:160px;position:absolute;top:5763.75px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,547,325</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5964.71px;left:779.21px;white-space:nowrap">4,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5964.71px;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:160px;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:160px;position:absolute;top:5964.71px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5964.71px;left:2989.58px;letter-spacing:-0.48px;white-space:nowrap">AMBAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5964.71px;left:3609.41px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5964.71px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5964.71px;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:160px;position:absolute;top:5964.71px;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:160px;position:absolute;top:5964.71px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5964.71px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,736,520</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:686.41px;white-space:nowrap">20,130
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:6042.97px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:6412.25px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6357.67px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6357.67px;left:2440.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6357.67px;left:2922.54px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6357.67px;left:3482.53px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6357.67px;left:4105.4px;white-space:nowrap">7/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6165.67px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:9614.42px;letter-spacing:0px;white-space:nowrap">20,518,509</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6750.63px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6750.63px;left:2198.23px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6750.63px;left:2567.51px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6750.63px;left:2926.38px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6750.63px;left:3711.01px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6750.63px;left:4192.92px;white-space:nowrap">2016A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:686.41px;white-space:nowrap">10,850
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;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:160px;position:absolute;top:6951.59px;left:2278.87px;white-space:nowrap">7/01/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;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:160px;position:absolute;top:6951.59px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:9615.42px;letter-spacing:0px;white-space:nowrap">11,548,415</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:779.21px;white-space:nowrap">2,605
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;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:160px;position:absolute;top:7152.55px;left:2278.87px;white-space:nowrap">7/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;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:160px;position:absolute;top:7152.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,515,518</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:2198.23px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:2567.51px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:2926.38px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:3711.01px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:4192.92px;white-space:nowrap">2017A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.47px;left:779.21px;white-space:nowrap">4,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.47px;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:160px;position:absolute;top:7746.47px;left:2278.87px;white-space:nowrap">7/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.47px;left:7078.26px;white-space:nowrap">7/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.47px;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:160px;position:absolute;top:7746.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.47px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.47px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,322,320</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7947.43px;left:779.21px;white-space:nowrap">5,620
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7947.43px;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:160px;position:absolute;top:7947.43px;left:2278.87px;white-space:nowrap">7/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7947.43px;left:7078.26px;white-space:nowrap">7/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:7947.43px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7947.43px;left:9708.22px;letter-spacing:0px;white-space:nowrap">6,060,271</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8148.39px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8148.39px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8148.39px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8148.39px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8148.39px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8148.39px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8148.39px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8148.39px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8148.39px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8148.39px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8148.39px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8148.39px;left:6042.97px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8148.39px;left:6412.25px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8340.39px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8340.39px;left:2440.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8340.39px;left:2922.54px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8340.39px;left:3482.53px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8340.39px;left:4105.4px;white-space:nowrap">7/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8148.39px;left:7078.26px;white-space:nowrap">7/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8148.39px;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:160px;position:absolute;top:8148.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8148.39px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8148.39px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,475,850</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.35px;left:779.21px;white-space:nowrap">5,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.35px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.35px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.35px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.35px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.35px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.35px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.35px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.35px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.35px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.35px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.35px;left:6042.97px;letter-spacing:-0.4px;white-space:nowrap">Rockefeller
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.35px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.35px;left:2440.63px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.35px;left:2935.98px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.35px;left:3417.89px;letter-spacing:-0.69px;white-space:nowrap">2019B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.35px;left:3967.64px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.35px;left:4590.51px;white-space:nowrap">7/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.35px;left:7078.26px;white-space:nowrap">7/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.35px;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:160px;position:absolute;top:8541.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.35px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.35px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,849,965</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:686.41px;white-space:nowrap">13,165
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:6042.97px;letter-spacing:-0.4px;white-space:nowrap">Rockefeller
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9126.3px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9126.3px;left:2440.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9126.3px;left:2922.54px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9126.3px;left:3482.53px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9126.3px;left:4105.4px;white-space:nowrap">7/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;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:160px;position:absolute;top:8934.3px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:9614.42px;letter-spacing:0px;white-space:nowrap">12,634,450</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:779.21px;white-space:nowrap">8,925
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:6040.1px;letter-spacing:-0.96px;white-space:nowrap">Vaughn
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9519.26px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9519.26px;left:2271.83px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9519.26px;left:2457.75px;letter-spacing:-0.24px;white-space:nowrap">Aeronautics
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9519.26px;left:3366.86px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9519.26px;left:3515.66px;letter-spacing:-2.16px;white-space:nowrap">Technology,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9519.26px;left:4435.33px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9519.26px;left:4917.24px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9519.26px;left:5477.23px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9519.26px;left:6100.1px;letter-spacing:-0.48px;white-space:nowrap">12/01/36,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9711.26px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:6985.46px;white-space:nowrap">12/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;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:160px;position:absolute;top:9327.26px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:8817.29px;white-space:nowrap">BB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:9707.22px;letter-spacing:0px;white-space:nowrap">8,805,673</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9912.22px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9912.22px;left:1512px;white-space:nowrap">Dutchess
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9912.22px;left:2223.67px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9912.22px;left:2789.42px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9912.22px;left:3211.66px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9912.22px;left:4250.04px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9912.22px;left:5215.79px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9912.22px;left:5585.07px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9912.22px;left:5980.74px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10104.22px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10104.22px;left:2198.23px;white-space:nowrap">Marist
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10104.22px;left:2684.78px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10104.22px;left:3300.61px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10104.22px;left:3877.41px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10104.22px;left:4359.32px;letter-spacing:-0.69px;white-space:nowrap">2013A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10104.22px;left:4919.31px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10104.22px;left:5542.18px;white-space:nowrap">7/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9912.22px;left:7078.26px;white-space:nowrap">7/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9912.22px;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:160px;position:absolute;top:9912.22px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9912.22px;left:8853.44px;white-space:nowrap">A+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9912.22px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,002,440</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10305.18px;left:686.41px;white-space:nowrap">11,470
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10305.18px;left:1512px;white-space:nowrap">Dutchess
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10305.18px;left:2223.67px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10305.18px;left:2789.42px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10305.18px;left:3211.66px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10305.18px;left:4250.04px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10305.18px;left:5215.79px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10305.18px;left:5585.07px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10305.18px;left:5980.74px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10497.18px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10497.18px;left:2198.23px;white-space:nowrap">Marist
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10497.18px;left:2684.78px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10497.18px;left:3300.61px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10497.18px;left:3877.41px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10497.18px;left:4359.32px;letter-spacing:-0.8px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10497.18px;left:4807.31px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10497.18px;left:5430.18px;white-space:nowrap">7/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10305.18px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:10305.18px;left:8853.44px;white-space:nowrap">A+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10305.18px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,524,643</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10698.14px;left:779.21px;white-space:nowrap">7,695
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10698.14px;left:1512px;white-space:nowrap">Glen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10698.14px;left:1901.44px;letter-spacing:-0.38px;white-space:nowrap">Cove
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10698.14px;left:2322.07px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10698.14px;left:2744.31px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10698.14px;left:3505.91px;white-space:nowrap">Assistance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10698.14px;left:4311.65px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10698.14px;left:5277.4px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10698.14px;left:5646.68px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10698.14px;left:6042.35px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10890.14px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10890.14px;left:2198.23px;white-space:nowrap">Garvies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10890.14px;left:2786.54px;letter-spacing:-1.92px;white-space:nowrap">Point
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10890.14px;left:3189.26px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10890.14px;left:3669.57px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10890.14px;left:4692.6px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10890.14px;left:5269.39px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10890.14px;left:5822.35px;letter-spacing:-0.34px;white-space:nowrap">Appreciation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11082.14px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11082.14px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2016C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11082.14px;left:2701.1px;letter-spacing:-0.6px;white-space:nowrap">5.625%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11082.14px;left:3323.97px;white-space:nowrap">1/01/55
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10698.14px;left:7078.26px;white-space:nowrap">1/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10698.14px;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:160px;position:absolute;top:10698.14px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10698.14px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10698.14px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,515,357</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:779.21px;white-space:nowrap">1,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:1512px;white-space:nowrap">Glen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:1901.44px;letter-spacing:-0.38px;white-space:nowrap">Cove
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:2322.07px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:2744.31px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:3505.91px;white-space:nowrap">Assistance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:4311.65px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:5277.4px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:5646.68px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:6042.35px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:2198.23px;white-space:nowrap">Garvies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:2786.54px;letter-spacing:-1.92px;white-space:nowrap">Point
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:3189.26px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:3669.57px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:4692.6px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:5269.39px;letter-spacing:-0.36px;white-space:nowrap">Current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:5865.06px;letter-spacing:-0.32px;white-space:nowrap">Interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:6449.85px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11667.1px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11667.1px;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:160px;position:absolute;top:11667.1px;left:2838.86px;white-space:nowrap">1/01/56
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:7078.26px;white-space:nowrap">1/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:11283.1px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11283.1px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,283,865</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:1512px;letter-spacing:-0.1px;white-space:nowrap">Hempstead
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:2397.11px;letter-spacing:-3.07px;white-space:nowrap">Town
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:2823.03px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:3245.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:4283.65px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:5249.4px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12060.06px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12060.06px;left:2051.67px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12060.06px;left:2724.15px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12060.06px;left:3263.5px;white-space:nowrap">Adelphi
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12060.06px;left:3884.13px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12060.06px;left:4637.72px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12060.06px;left:5214.51px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12252.06px;left:1656px;white-space:nowrap">2013:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12453.02px;left:779.21px;white-space:nowrap">1,785
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12453.02px;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:160px;position:absolute;top:12453.02px;left:2278.87px;white-space:nowrap">9/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12453.02px;left:7078.26px;white-space:nowrap">9/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:12453.02px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12453.02px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,792,461</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;left:779.21px;white-space:nowrap">1,785
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;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:160px;position:absolute;top:12653.98px;left:2278.87px;white-space:nowrap">9/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;left:7078.26px;white-space:nowrap">9/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;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:160px;position:absolute;top:12653.98px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,790,070</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12854.94px;left:779.21px;white-space:nowrap">1,400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12854.94px;left:1512px;letter-spacing:-0.41px;white-space:nowrap">Monroe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12854.94px;left:2128.47px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12854.94px;left:2694.22px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12854.94px;left:3408.77px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12854.94px;left:4447.16px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12854.94px;left:5412.91px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12854.94px;left:5782.18px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12854.94px;left:6177.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:13046.94px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:13046.94px;left:2198.23px;white-space:nowrap">Saint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:13046.94px;left:2595.67px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:13046.94px;left:2998.38px;letter-spacing:-0.41px;white-space:nowrap">Fisher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:13046.94px;left:3478.86px;letter-spacing:-0.75px;white-space:nowrap">College,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:13046.94px;left:4131.49px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:13046.94px;left:4613.4px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:13046.94px;left:5173.39px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:13046.94px;left:5796.26px;white-space:nowrap">6/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12854.94px;left:7078.26px;white-space:nowrap">6/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12854.94px;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:160px;position:absolute;top:12854.94px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12854.94px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12854.94px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,425,130</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1875.64px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2652.21px;white-space:nowrap">AMT-Free
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4173.61px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5294.57px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6828.96px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:7989.3px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:8816.72px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4681.96px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:5096.61px;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">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">NRK</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12708 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">1,220</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1885.12px;letter-spacing:-0.21px;white-space:nowrap">Rochelle
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2553.75px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3519.5px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3888.77px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4284.45px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4706.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5745.07px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1039.28px;left:2198.23px;white-space:nowrap">Iona
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2555.99px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3171.82px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3748.61px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4230.52px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4790.51px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5413.38px;white-space:nowrap">7/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:8766.73px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,237,446
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:686.41px;white-space:nowrap">17,335</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;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:160px;position:absolute;top:1240.24px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:2564.15px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:3278.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4314.2px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4940.92px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:5310.19px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:5705.87px;letter-spacing:-2.24px;white-space:nowrap">PILOT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:6175.62px;letter-spacing:-1.2px;white-space:nowrap">Payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:1656px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:1828.96px;white-space:nowrap">Lieu
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:2175.04px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:2359.99px;letter-spacing:-2.72px;white-space:nowrap">Taxes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:2800.31px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3472.78px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:4015.01px;white-space:nowrap">Queens
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:4629.88px;white-space:nowrap">Baseball
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:5287.64px;letter-spacing:-0.12px;white-space:nowrap">Stadium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:5929.23px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1624.24px;left:2932.46px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:3492.46px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:4115.32px;white-space:nowrap">1/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:4737.71px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:4826.03px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:5241.55px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">1/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1240.24px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:9614.42px;letter-spacing:0px;white-space:nowrap">12,801,551</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;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:160px;position:absolute;top:1825.2px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:2564.15px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:3278.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:4314.2px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:4940.92px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:5310.19px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:1656px;letter-spacing:-2.24px;white-space:nowrap">PILOT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:2125.76px;letter-spacing:-1.2px;white-space:nowrap">Payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:2788.95px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:2961.91px;white-space:nowrap">Lieu
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:3307.98px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:3492.94px;letter-spacing:-2.72px;white-space:nowrap">Taxes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:3933.26px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:4605.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:5144.12px;letter-spacing:-2.47px;white-space:nowrap">Yankee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:1656px;letter-spacing:-0.12px;white-space:nowrap">Stadium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:2297.59px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:2874.39px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:3356.3px;white-space:nowrap">2020A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;left:779.21px;white-space:nowrap">7,645
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;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:160px;position:absolute;top:2410.16px;left:2278.87px;white-space:nowrap">3/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;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:160px;position:absolute;top:2410.16px;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:160px;position:absolute;top:2410.16px;left:7078.26px;white-space:nowrap">9/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2410.16px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;left:9708.22px;letter-spacing:0px;white-space:nowrap">7,114,590</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:779.21px;white-space:nowrap">4,070
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;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:160px;position:absolute;top:2611.12px;left:2278.87px;white-space:nowrap">3/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:7078.26px;white-space:nowrap">9/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;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:160px;position:absolute;top:2611.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,624,213</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:686.41px;white-space:nowrap">11,140
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;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:160px;position:absolute;top:2812.07px;left:2278.87px;white-space:nowrap">3/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;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:160px;position:absolute;top:2812.07px;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:160px;position:absolute;top:2812.07px;left:7078.26px;white-space:nowrap">9/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2812.07px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:9708.22px;letter-spacing:0px;white-space:nowrap">8,184,446</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:686.41px;white-space:nowrap">10,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:1512px;white-space:nowrap">Onondaga
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:2345.59px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:2907.51px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:3296.62px;letter-spacing:-1.92px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:3574.21px;letter-spacing:-0.21px;white-space:nowrap">Cultural
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:4187.81px;letter-spacing:-0.87px;white-space:nowrap">Resources,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:5009.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:5378.35px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:5774.03px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:2198.23px;letter-spacing:-0.43px;white-space:nowrap">Syracuse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:2881.26px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:3634.85px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:4211.64px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:4693.55px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:5141.54px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:5764.41px;white-space:nowrap">12/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:6985.46px;white-space:nowrap">12/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3013.03px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,767,100</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:913.61px;white-space:nowrap">350
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:1512px;letter-spacing:-2.16px;white-space:nowrap">Yonkers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:2123.51px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:2887.99px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:3926.37px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:4892.12px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:5261.4px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:5657.07px;letter-spacing:-0.13px;white-space:nowrap">Educational
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3597.99px;left:2870.7px;letter-spacing:-0.48px;white-space:nowrap">Lamartine/Warburton
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:4479.32px;letter-spacing:-0.56px;white-space:nowrap">LLC-Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:5393.55px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:5932.9px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3789.99px;left:1656px;letter-spacing:-0.13px;white-space:nowrap">Educational
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3789.99px;left:2556.63px;letter-spacing:-0.09px;white-space:nowrap">Excellence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3789.99px;left:3375.99px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3789.99px;left:3952.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3789.99px;left:4434.69px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3789.99px;left:4994.68px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3789.99px;left:5617.55px;white-space:nowrap">10/15/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:6985.46px;white-space:nowrap">10/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3405.99px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:9841.61px;white-space:nowrap">313,544</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:3990.95px;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:160px;position:absolute;top:3990.95px;left:2676.95px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:2997.27px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;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:160px;position:absolute;top:3990.95px;left:9593.62px;white-space:nowrap">264,517,487
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4305.27px;left:1512px;letter-spacing:-0.19px;white-space:nowrap">Financials
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4305.27px;left:2317.91px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4305.27px;left:2410.07px;white-space:nowrap">1.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4305.27px;left:2850.54px;white-space:nowrap">(1.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4305.27px;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:160px;font-weight:bold;position:absolute;top:4305.27px;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:160px;font-weight:bold;position:absolute;top:4305.27px;left:3961.57px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4574.23px;left:779.21px;white-space:nowrap">1,615</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4574.23px;left:1512px;letter-spacing:-0.24px;white-space:nowrap">Liberty
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4574.23px;left:2051.51px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4574.23px;left:3089.9px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4574.23px;left:4055.65px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4574.23px;left:4424.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4574.23px;left:4820.6px;white-space:nowrap">Goldman
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4574.23px;left:5544.91px;white-space:nowrap">Sachs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4766.23px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Headquarter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4766.23px;left:2624.31px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4766.23px;left:3296.78px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4766.23px;left:3839.01px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4766.23px;left:4320.92px;letter-spacing:-0.8px;white-space:nowrap">2005,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4766.23px;left:4768.91px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4766.23px;left:5391.78px;white-space:nowrap">10/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4574.23px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4574.23px;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:160px;position:absolute;top:4574.23px;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:160px;position:absolute;top:4574.23px;left:8867.2px;white-space:nowrap">A2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4574.23px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,813,532</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.19px;left:686.41px;white-space:nowrap">13,835
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.19px;left:1512px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.19px;left:2051.51px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.19px;left:3089.9px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.19px;left:4055.65px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.19px;left:4424.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.19px;left:4820.6px;white-space:nowrap">Goldman
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.19px;left:5544.91px;white-space:nowrap">Sachs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5159.19px;left:1656px;letter-spacing:-0.22px;white-space:nowrap">Headquarters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5159.19px;left:2695.34px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5159.19px;left:3367.82px;white-space:nowrap">Bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5159.19px;left:3873.25px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5159.19px;left:4355.16px;letter-spacing:-0.8px;white-space:nowrap">2007,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5159.19px;left:4803.15px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5159.19px;left:5426.02px;white-space:nowrap">10/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:4967.19px;left:8867.2px;white-space:nowrap">A2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.19px;left:9614.42px;letter-spacing:0px;white-space:nowrap">15,707,152</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5360.15px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5360.15px;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:160px;position:absolute;top:5360.15px;left:9686.42px;white-space:nowrap">17,520,684
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5674.47px;left:1512px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5674.47px;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:160px;font-weight:bold;position:absolute;top:5674.47px;left:2459.99px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5674.47px;left:2552.15px;white-space:nowrap">16.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5674.47px;left:3095.99px;white-space:nowrap">(9.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5674.47px;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:160px;font-weight:bold;position:absolute;top:5674.47px;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:160px;font-weight:bold;position:absolute;top:5674.47px;left:4207.01px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5943.43px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5943.43px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5943.43px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5943.43px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5943.43px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5943.43px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5943.43px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5943.43px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5943.43px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6135.43px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6135.43px;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:160px;position:absolute;top:6135.43px;left:2870.7px;letter-spacing:-0.19px;white-space:nowrap">Northwell
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6135.43px;left:3621.89px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6135.43px;left:4137.09px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6135.43px;left:4924.44px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6327.43px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6327.43px;left:2137.91px;white-space:nowrap">2022A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6528.39px;left:686.41px;white-space:nowrap">23,690
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6528.39px;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:160px;position:absolute;top:6528.39px;left:2278.87px;white-space:nowrap">5/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6528.39px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6528.39px;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:160px;position:absolute;top:6528.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6528.39px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6528.39px;left:9615.42px;letter-spacing:0px;white-space:nowrap">22,171,708</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6729.35px;left:686.41px;white-space:nowrap">28,420
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6729.35px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6729.35px;left:2278.87px;white-space:nowrap">5/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6729.35px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6729.35px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6729.35px;left:9615.42px;letter-spacing:0px;white-space:nowrap">25,961,670</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6930.31px;left:779.21px;white-space:nowrap">3,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6930.31px;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:160px;position:absolute;top:6930.31px;left:2278.87px;white-space:nowrap">5/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6930.31px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6930.31px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6930.31px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,081,030</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7131.27px;left:779.21px;white-space:nowrap">6,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7131.27px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7131.27px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7131.27px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7131.27px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7131.27px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7131.27px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7131.27px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7131.27px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7131.27px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7131.27px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7131.27px;left:6042.97px;white-space:nowrap">Memorial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7323.27px;left:1656px;white-space:nowrap">Sloan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7323.27px;left:2102.72px;letter-spacing:-0.67px;white-space:nowrap">Kettering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7323.27px;left:2812.62px;letter-spacing:-0.41px;white-space:nowrap">Cancer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7323.27px;left:3372.46px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7323.27px;left:3939.17px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7323.27px;left:4421.08px;letter-spacing:-0.6px;white-space:nowrap">2017-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7323.27px;left:5013.07px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7323.27px;left:5635.94px;white-space:nowrap">7/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7131.27px;left:7078.26px;white-space:nowrap">7/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:7131.27px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7131.27px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,587,020</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:779.21px;white-space:nowrap">6,750
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:6042.97px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">Montefiore
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7716.23px;left:1656px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7716.23px;left:2443.35px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7716.23px;left:2989.91px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7716.23px;left:3471.82px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7716.23px;left:4031.81px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7716.23px;left:4654.68px;white-space:nowrap">8/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:7078.26px;white-space:nowrap">8/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;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:160px;position:absolute;top:7524.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7524.23px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,812,775</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7917.19px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7917.19px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7917.19px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7917.19px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7917.19px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7917.19px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7917.19px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7917.19px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7917.19px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8109.19px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8109.19px;left:2198.23px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">Montefiore
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8109.19px;left:3043.98px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8109.19px;left:3831.33px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8109.19px;left:4377.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8109.19px;left:4859.8px;white-space:nowrap">2020A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8310.15px;left:779.21px;white-space:nowrap">3,250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8310.15px;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:160px;position:absolute;top:8310.15px;left:2278.87px;white-space:nowrap">9/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8310.15px;left:7078.26px;white-space:nowrap">3/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8310.15px;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:160px;position:absolute;top:8310.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8310.15px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8310.15px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,318,640</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8511.11px;left:779.21px;white-space:nowrap">2,450
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8511.11px;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:160px;position:absolute;top:8511.11px;left:2278.87px;white-space:nowrap">9/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8511.11px;left:7078.26px;white-space:nowrap">3/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8511.11px;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:160px;position:absolute;top:8511.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8511.11px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8511.11px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,062,974</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8712.07px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8712.07px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8712.07px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8712.07px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8712.07px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8712.07px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8712.07px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8712.07px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8712.07px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8904.07px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8904.07px;left:2198.23px;white-space:nowrap">NYU
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8904.07px;left:2570.39px;white-space:nowrap">Langone
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8904.07px;left:3253.74px;white-space:nowrap">Hospitals
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8904.07px;left:3966.53px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8904.07px;left:4753.88px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8904.07px;left:5300.43px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9096.07px;left:1656px;white-space:nowrap">2020A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9297.02px;left:686.41px;white-space:nowrap">14,365
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9297.02px;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:160px;position:absolute;top:9297.02px;left:2278.87px;white-space:nowrap">7/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9297.02px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9297.02px;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:160px;position:absolute;top:9297.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9297.02px;left:8853.44px;white-space:nowrap">A+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9297.02px;left:9615.42px;letter-spacing:0px;white-space:nowrap">13,026,326</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9497.98px;left:686.41px;white-space:nowrap">21,830
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9497.98px;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:160px;position:absolute;top:9497.98px;left:2278.87px;white-space:nowrap">7/01/53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9497.98px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9497.98px;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:160px;position:absolute;top:9497.98px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9497.98px;left:8853.44px;white-space:nowrap">A+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9497.98px;left:9615.42px;letter-spacing:0px;white-space:nowrap">19,669,048</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9698.94px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9698.94px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9698.94px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9698.94px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9698.94px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9698.94px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9698.94px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9698.94px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9698.94px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9890.94px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9890.94px;left:2198.23px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9890.94px;left:2800.94px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9890.94px;left:3483.98px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9890.94px;left:4104.93px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9890.94px;left:4642.52px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10082.94px;left:1656px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10082.94px;left:2202.56px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10082.94px;left:2684.47px;white-space:nowrap">2015:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10283.9px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10283.9px;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:160px;position:absolute;top:10283.9px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/01/30,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10283.9px;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:160px;position:absolute;top:10283.9px;left:7078.26px;white-space:nowrap">6/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10283.9px;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:160px;position:absolute;top:10283.9px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10283.9px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10283.9px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,004,790</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10484.86px;left:779.21px;white-space:nowrap">1,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10484.86px;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:160px;position:absolute;top:10484.86px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/01/34,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10484.86px;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:160px;position:absolute;top:10484.86px;left:7078.26px;white-space:nowrap">6/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10484.86px;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:160px;position:absolute;top:10484.86px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10484.86px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10484.86px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,201,152</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10685.82px;left:779.21px;white-space:nowrap">6,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:10685.82px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/01/45,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10685.82px;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:160px;position:absolute;top:10685.82px;left:7078.26px;white-space:nowrap">6/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10685.82px;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:160px;position:absolute;top:10685.82px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10685.82px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10685.82px;left:9708.22px;letter-spacing:0px;white-space:nowrap">6,187,545</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10886.78px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10886.78px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10886.78px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10886.78px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10886.78px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10886.78px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10886.78px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10886.78px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10886.78px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11078.78px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11078.78px;left:2198.23px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11078.78px;left:2800.94px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11078.78px;left:3483.98px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11078.78px;left:4104.93px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11078.78px;left:4642.52px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11270.78px;left:1656px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11270.78px;left:2202.56px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11270.78px;left:2684.47px;white-space:nowrap">2017:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11471.74px;left:779.21px;white-space:nowrap">4,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11471.74px;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:160px;position:absolute;top:11471.74px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/01/30,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11471.74px;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:160px;position:absolute;top:11471.74px;left:7078.26px;white-space:nowrap">6/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11471.74px;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:160px;position:absolute;top:11471.74px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11471.74px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11471.74px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,544,370</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11672.7px;left:779.21px;white-space:nowrap">3,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11672.7px;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:160px;position:absolute;top:11672.7px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/01/32,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11672.7px;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:160px;position:absolute;top:11672.7px;left:7078.26px;white-space:nowrap">6/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11672.7px;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:160px;position:absolute;top:11672.7px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11672.7px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11672.7px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,216,992</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11873.66px;left:1512px;white-space:nowrap">Dutchess
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11873.66px;left:2223.67px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11873.66px;left:2789.42px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11873.66px;left:3211.66px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11873.66px;left:4250.04px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11873.66px;left:5215.79px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12065.66px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12065.66px;left:2051.67px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12065.66px;left:2724.15px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12065.66px;left:3266.38px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12065.66px;left:3781.57px;white-space:nowrap">Quest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12065.66px;left:4262.68px;letter-spacing:-0.75px;white-space:nowrap">Systems,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12065.66px;left:4931.47px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12065.66px;left:5222.83px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12257.66px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12257.66px;left:2137.91px;white-space:nowrap">2016B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12458.62px;left:686.41px;white-space:nowrap">11,155
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12458.62px;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:160px;position:absolute;top:12458.62px;left:2278.87px;white-space:nowrap">7/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12458.62px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12458.62px;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:160px;position:absolute;top:12458.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12458.62px;left:8660.17px;white-space:nowrap">BBB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12458.62px;left:9708.22px;letter-spacing:0px;white-space:nowrap">9,721,805</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12659.58px;left:686.41px;white-space:nowrap">11,940
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12659.58px;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:160px;position:absolute;top:12659.58px;left:2278.87px;white-space:nowrap">7/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12659.58px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12659.58px;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:160px;position:absolute;top:12659.58px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12659.58px;left:8660.17px;white-space:nowrap">BBB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12659.58px;left:9615.42px;letter-spacing:0px;white-space:nowrap">11,628,247</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">33</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12960 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">3,900</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.41px;white-space:nowrap">Monroe
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2128.47px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2694.22px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3408.77px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4447.16px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5412.91px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5782.18px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6177.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1039.28px;left:2198.23px;letter-spacing:-0.19px;white-space:nowrap">Rochester
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2965.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3587.65px;white-space:nowrap">Hospital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4229.4px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4806.2px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5288.11px;letter-spacing:-0.69px;white-space:nowrap">2013A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5848.1px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:1656px;white-space:nowrap">12/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:847.28px;left:8660.17px;white-space:nowrap">BBB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,900,624
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:779.21px;white-space:nowrap">9,895</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:1512px;letter-spacing:-0.41px;white-space:nowrap">Monroe
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:2128.47px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:2694.22px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3408.77px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:4447.16px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:5412.91px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:5782.18px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:6177.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1624.24px;left:2198.23px;letter-spacing:-0.19px;white-space:nowrap">Rochester
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:2965.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:3587.65px;white-space:nowrap">Hospital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:4229.4px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:4806.2px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:5288.11px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:5736.1px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1816.24px;left:1656px;white-space:nowrap">12/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:6985.46px;white-space:nowrap">12/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1432.24px;left:8660.17px;white-space:nowrap">BBB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,660,587</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:686.41px;white-space:nowrap">15,130
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:1512px;letter-spacing:-0.48px;white-space:nowrap">Westchester
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:2450.7px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:3016.45px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:3438.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:4477.08px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:5442.83px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:5812.1px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2209.2px;left:2868.79px;letter-spacing:-0.48px;white-space:nowrap">Westchester
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:3807.49px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:4428.44px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:4966.03px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:5753.38px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:6265.06px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2401.2px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2401.2px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2401.2px;left:2932.46px;letter-spacing:-0.8px;white-space:nowrap">2016,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2401.2px;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:160px;position:absolute;top:2401.2px;left:4003.32px;white-space:nowrap">11/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2017.2px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:9614.42px;letter-spacing:0px;white-space:nowrap">14,552,791</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:2602.16px;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:160px;position:absolute;top:2602.16px;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:160px;position:absolute;top:2602.16px;left:9593.62px;white-space:nowrap">167,310,094
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2916.48px;left:1512px;white-space:nowrap">Industrials
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2916.48px;left:2364.47px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2916.48px;left:2456.62px;white-space:nowrap">3.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2916.48px;left:2897.1px;white-space:nowrap">(1.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2916.48px;left:3392.3px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2916.48px;left:3591.65px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2916.48px;left:4008.13px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3185.43px;left:686.41px;white-space:nowrap">31,530</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3185.43px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3185.43px;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:160px;position:absolute;top:3185.43px;left:2240.15px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3185.43px;left:2779.66px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3185.43px;left:3818.05px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3185.43px;left:4783.8px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3185.43px;left:5153.07px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3185.43px;left:5548.75px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3185.43px;left:6088.26px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3377.43px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3377.43px;left:2198.23px;white-space:nowrap">3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3377.43px;left:2329.11px;letter-spacing:-0.96px;white-space:nowrap">World
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3377.43px;left:2812.63px;letter-spacing:-2.72px;white-space:nowrap">Trade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3377.43px;left:3263.98px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3377.43px;left:3801.57px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3377.43px;left:4378.36px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3377.43px;left:4801.4px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3377.43px;left:4934.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3377.43px;left:5416.1px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3377.43px;left:5864.1px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3569.43px;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:160px;position:absolute;top:3569.43px;left:2407.98px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3185.43px;left:6985.46px;white-space:nowrap">11/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3185.43px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3185.43px;left:9614.42px;letter-spacing:0px;white-space:nowrap">30,355,508</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3770.39px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3770.39px;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:160px;position:absolute;top:3770.39px;left:2240.15px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3770.39px;left:2779.66px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3770.39px;left:3818.05px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3770.39px;left:4783.8px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3770.39px;left:5153.07px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3962.39px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3962.39px;left:2195.51px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3962.39px;left:2867.98px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3962.39px;left:3410.22px;white-space:nowrap">7
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3962.39px;left:3541.1px;letter-spacing:-0.96px;white-space:nowrap">World
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3962.39px;left:4024.61px;letter-spacing:-2.72px;white-space:nowrap">Trade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3962.39px;left:4475.97px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3962.39px;left:5013.56px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4154.39px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4154.39px;left:2450.55px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4154.39px;left:2945.91px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4154.39px;left:3427.82px;white-space:nowrap">2022A-CL2:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4355.35px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4355.35px;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:160px;position:absolute;top:4355.35px;left:2278.87px;white-space:nowrap">9/15/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4355.35px;left:7078.26px;white-space:nowrap">3/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4355.35px;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:160px;position:absolute;top:4355.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4355.35px;left:8781.76px;white-space:nowrap">Aa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4355.35px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,491,360</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4556.31px;left:913.61px;white-space:nowrap">120
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4556.31px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4556.31px;left:2278.87px;white-space:nowrap">9/15/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4556.31px;left:7078.26px;white-space:nowrap">3/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4556.31px;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:160px;position:absolute;top:4556.31px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4556.31px;left:8867.2px;white-space:nowrap">A2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4556.31px;left:9935.41px;letter-spacing:0px;white-space:nowrap">92,180</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4757.27px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4757.27px;left:1902.08px;white-space:nowrap">Industrials</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4757.27px;left:9686.42px;white-space:nowrap">31,939,048
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5071.59px;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:160px;font-weight:bold;position:absolute;top:5071.59px;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:160px;font-weight:bold;position:absolute;top:5071.59px;left:2755.03px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5071.59px;left:2847.19px;white-space:nowrap">0.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5071.59px;left:3287.67px;white-space:nowrap">(0.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5071.59px;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:160px;font-weight:bold;position:absolute;top:5071.59px;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:160px;font-weight:bold;position:absolute;top:5071.59px;left:4398.69px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5340.55px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5340.55px;left:1512px;letter-spacing:-0.41px;white-space:nowrap">Monroe
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5340.55px;left:2128.47px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5340.55px;left:2694.22px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5340.55px;left:3408.77px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5340.55px;left:4447.16px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5340.55px;left:5412.91px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5340.55px;left:5782.18px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5340.55px;left:6177.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5532.55px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5532.55px;left:2198.23px;white-space:nowrap">Saint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5532.55px;left:2594.71px;white-space:nowrap">Ann&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5532.55px;left:3045.26px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5532.55px;left:3933.57px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5532.55px;left:4510.37px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5532.55px;left:4992.28px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5532.55px;left:5440.27px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5532.55px;left:6063.14px;white-space:nowrap">1/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5340.55px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5340.55px;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:160px;position:absolute;top:5340.55px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5340.55px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5340.55px;left:9841.61px;white-space:nowrap">856,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5733.51px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5733.51px;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:160px;position:absolute;top:5733.51px;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:160px;position:absolute;top:5733.51px;left:9913.61px;white-space:nowrap">856,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6047.83px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6047.83px;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:160px;font-weight:bold;position:absolute;top:6047.83px;left:3370.38px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6047.83px;left:3462.54px;white-space:nowrap">9.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6047.83px;left:3903.02px;white-space:nowrap">(6.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6047.83px;left:4398.21px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6047.83px;left:4597.57px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6047.83px;left:5014.04px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6316.79px;left:686.41px;white-space:nowrap">10,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6316.79px;left:1512px;white-space:nowrap">Nassau
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6316.79px;left:2080.15px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6316.79px;left:2676.94px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6316.79px;left:3046.22px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6316.79px;left:3441.9px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6316.79px;left:4063.97px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6316.79px;left:4888.6px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6316.79px;left:5430.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6508.79px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6508.79px;left:2679.03px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6508.79px;left:3160.94px;letter-spacing:-0.69px;white-space:nowrap">2018B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6508.79px;left:3710.69px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6508.79px;left:4333.56px;white-space:nowrap">7/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6508.79px;left:4955.94px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6508.79px;left:5044.26px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6508.79px;left:5459.78px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6316.79px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6316.79px;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:160px;position:absolute;top:6316.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6316.79px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6316.79px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,437,200</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6709.75px;left:1512px;white-space:nowrap">Nassau
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6709.75px;left:2080.15px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6709.75px;left:2676.94px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6709.75px;left:3046.22px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6709.75px;left:3441.9px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6709.75px;left:4063.97px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6709.75px;left:4888.6px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6901.75px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6901.75px;left:2278.07px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6901.75px;left:3301.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6901.75px;left:3783.01px;white-space:nowrap">2021A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7102.71px;left:779.21px;white-space:nowrap">2,930
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7102.71px;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:160px;position:absolute;top:7102.71px;left:2278.87px;white-space:nowrap">4/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7102.71px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7102.71px;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:160px;position:absolute;top:7102.71px;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:160px;position:absolute;top:7102.71px;left:7078.26px;white-space:nowrap">4/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7102.71px;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:160px;position:absolute;top:7102.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7102.71px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7102.71px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,736,825</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7303.67px;left:779.21px;white-space:nowrap">3,905
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7303.67px;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:160px;position:absolute;top:7303.67px;left:2278.87px;white-space:nowrap">4/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7303.67px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7303.67px;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:160px;position:absolute;top:7303.67px;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:160px;position:absolute;top:7303.67px;left:7078.26px;white-space:nowrap">4/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7303.67px;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:160px;position:absolute;top:7303.67px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7303.67px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7303.67px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,523,052</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7504.63px;left:913.61px;white-space:nowrap">500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7504.63px;left:1512px;white-space:nowrap">Nassau
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7504.63px;left:2080.15px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7504.63px;left:2676.94px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7504.63px;left:3046.22px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7504.63px;left:3441.9px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7504.63px;left:4063.97px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7504.63px;left:4888.6px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7504.63px;left:5430.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7696.63px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7696.63px;left:2679.03px;letter-spacing:-0.6px;white-space:nowrap">Series,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7696.63px;left:3197.74px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7696.63px;left:3992.29px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7696.63px;left:4552.28px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7696.63px;left:5175.15px;white-space:nowrap">1/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7504.63px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7504.63px;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:160px;position:absolute;top:7504.63px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7504.63px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7504.63px;left:9841.61px;white-space:nowrap">514,940</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7897.59px;left:779.21px;white-space:nowrap">5,335
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7897.59px;left:1512px;white-space:nowrap">Nassau
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7897.59px;left:2080.15px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7897.59px;left:2676.94px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7897.59px;left:3046.22px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7897.59px;left:3441.9px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7897.59px;left:4063.97px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7897.59px;left:4888.6px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7897.59px;left:5430.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8089.59px;left:1656px;letter-spacing:-0.26px;white-space:nowrap">Improvment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8089.59px;left:2587.51px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8089.59px;left:3069.42px;letter-spacing:-0.69px;white-space:nowrap">2016C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8089.59px;left:3632.61px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8089.59px;left:4255.48px;white-space:nowrap">4/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7897.59px;left:7078.26px;white-space:nowrap">4/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7897.59px;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:160px;position:absolute;top:7897.59px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7897.59px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7897.59px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,565,045</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8290.55px;left:913.61px;white-space:nowrap">515
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8290.55px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8290.55px;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:160px;position:absolute;top:8290.55px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8290.55px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8290.55px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8290.55px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8290.55px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8290.55px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8290.55px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8290.55px;left:5792.91px;white-space:nowrap">2013
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8290.55px;left:6204.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8482.55px;left:1656px;letter-spacing:-1.34px;white-space:nowrap">F-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8482.55px;left:1964.8px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8482.55px;left:2587.67px;white-space:nowrap">3/01/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8290.55px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8290.55px;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:160px;position:absolute;top:8290.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8290.55px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8290.55px;left:9841.61px;white-space:nowrap">515,623</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8683.51px;left:779.21px;white-space:nowrap">3,735
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8683.51px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8683.51px;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:160px;position:absolute;top:8683.51px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8683.51px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8683.51px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8683.51px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8683.51px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8683.51px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8683.51px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8683.51px;left:5792.91px;white-space:nowrap">2014
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8683.51px;left:6204.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8875.51px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8875.51px;left:1988.8px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8875.51px;left:2611.66px;white-space:nowrap">8/01/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8683.51px;left:7078.26px;white-space:nowrap">8/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8683.51px;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:160px;position:absolute;top:8683.51px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8683.51px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8683.51px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,760,323</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9076.47px;left:779.21px;white-space:nowrap">8,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9076.47px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9076.47px;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:160px;position:absolute;top:9076.47px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9076.47px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9076.47px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9076.47px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9076.47px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9076.47px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9076.47px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9076.47px;left:5792.91px;white-space:nowrap">2014
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9076.47px;left:6204.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9268.47px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">D-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9268.47px;left:1997.91px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9268.47px;left:2620.78px;white-space:nowrap">8/01/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9076.47px;left:7078.26px;white-space:nowrap">8/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9076.47px;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:160px;position:absolute;top:9076.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9076.47px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9076.47px;left:9707.22px;letter-spacing:0px;white-space:nowrap">8,051,280</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9469.42px;left:779.21px;white-space:nowrap">7,665
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9469.42px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9469.42px;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:160px;position:absolute;top:9469.42px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9469.42px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9469.42px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9469.42px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9469.42px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9469.42px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9469.42px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9469.42px;left:5792.91px;white-space:nowrap">2015
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9469.42px;left:6204.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9469.42px;left:6683.14px;letter-spacing:-1.6px;white-space:nowrap">A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9661.42px;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:160px;position:absolute;top:9661.42px;left:2278.87px;white-space:nowrap">8/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9469.42px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9469.42px;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:160px;position:absolute;top:9469.42px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9469.42px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9469.42px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,841,218</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9862.38px;left:779.21px;white-space:nowrap">7,560
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9862.38px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9862.38px;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:160px;position:absolute;top:9862.38px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9862.38px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9862.38px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9862.38px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9862.38px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9862.38px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9862.38px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9862.38px;left:5792.91px;white-space:nowrap">2018
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9862.38px;left:6204.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10054.38px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">B-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10054.38px;left:1978.55px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10054.38px;left:2601.42px;white-space:nowrap">10/01/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9862.38px;left:6985.46px;white-space:nowrap">10/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9862.38px;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:160px;position:absolute;top:9862.38px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9862.38px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9862.38px;left:9707.22px;letter-spacing:0px;white-space:nowrap">8,321,670</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10255.34px;left:686.41px;white-space:nowrap">11,355
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10255.34px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10255.34px;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:160px;position:absolute;top:10255.34px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10255.34px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10255.34px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10255.34px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10255.34px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10255.34px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10255.34px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10255.34px;left:5792.91px;white-space:nowrap">2018
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10255.34px;left:6204.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10447.34px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">E-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10447.34px;left:1971.52px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10447.34px;left:2594.38px;white-space:nowrap">3/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10255.34px;left:7078.26px;white-space:nowrap">3/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10255.34px;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:160px;position:absolute;top:10255.34px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10255.34px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10255.34px;left:9614.42px;letter-spacing:0px;white-space:nowrap">12,046,520</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10648.3px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10648.3px;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:160px;position:absolute;top:10648.3px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10648.3px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10648.3px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10648.3px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10648.3px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10648.3px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10648.3px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10840.3px;left:1656px;white-space:nowrap">2020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10840.3px;left:2067.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10840.3px;left:2546.22px;white-space:nowrap">A-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11041.26px;left:779.21px;white-space:nowrap">1,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11041.26px;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:160px;position:absolute;top:11041.26px;left:2278.87px;white-space:nowrap">8/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11041.26px;left:7078.26px;white-space:nowrap">8/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11041.26px;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:160px;position:absolute;top:11041.26px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11041.26px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11041.26px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,594,200</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11242.22px;left:779.21px;white-space:nowrap">5,890
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11242.22px;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:160px;position:absolute;top:11242.22px;left:2278.87px;white-space:nowrap">8/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11242.22px;left:7078.26px;white-space:nowrap">8/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11242.22px;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:160px;position:absolute;top:11242.22px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11242.22px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11242.22px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,637,378</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11443.18px;left:779.21px;white-space:nowrap">6,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11443.18px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11443.18px;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:160px;position:absolute;top:11443.18px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11443.18px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11443.18px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11443.18px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11443.18px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11443.18px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11443.18px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11443.18px;left:5792.91px;white-space:nowrap">2021
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11443.18px;left:6204.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11443.18px;left:6686.01px;letter-spacing:-1.6px;white-space:nowrap">C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11635.18px;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:160px;position:absolute;top:11635.18px;left:2278.87px;white-space:nowrap">8/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11443.18px;left:7078.26px;white-space:nowrap">8/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11443.18px;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:160px;position:absolute;top:11443.18px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11443.18px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11443.18px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,131,345</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11836.14px;left:779.21px;white-space:nowrap">8,850
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11836.14px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11836.14px;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:160px;position:absolute;top:11836.14px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11836.14px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11836.14px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11836.14px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11836.14px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11836.14px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11836.14px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11836.14px;left:5792.91px;white-space:nowrap">2021
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11836.14px;left:6204.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12028.14px;left:1656px;letter-spacing:-1.34px;white-space:nowrap">F-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12028.14px;left:1964.8px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12028.14px;left:2587.67px;white-space:nowrap">3/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12028.14px;left:3210.05px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12028.14px;left:3301.25px;white-space:nowrap">BAM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12028.14px;left:3696.77px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11836.14px;left:7078.26px;white-space:nowrap">3/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11836.14px;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:160px;position:absolute;top:11836.14px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11836.14px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11836.14px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,589,533</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12229.1px;left:779.21px;white-space:nowrap">5,140
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12229.1px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12229.1px;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:160px;position:absolute;top:12229.1px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12229.1px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12229.1px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12229.1px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12229.1px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12229.1px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12229.1px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12229.1px;left:5792.91px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12229.1px;left:6204.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12421.1px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12421.1px;left:1988.8px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12421.1px;left:2611.66px;white-space:nowrap">8/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12229.1px;left:7078.26px;white-space:nowrap">8/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12229.1px;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:160px;position:absolute;top:12229.1px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12229.1px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12229.1px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,486,025</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1875.64px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2652.21px;white-space:nowrap">AMT-Free
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4173.61px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5294.57px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6828.96px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:7989.3px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:8816.72px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4681.96px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:5096.61px;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">NRK</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12508 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;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:160px;position:absolute;top:847.28px;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:160px;position:absolute;top:847.28px;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:160px;position:absolute;top:847.28px;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:160px;position:absolute;top:847.28px;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:160px;position:absolute;top:847.28px;left:5372.75px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:1656px;white-space:nowrap">2022A-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">1,435</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1240.24px;left:2278.87px;white-space:nowrap">7/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1240.24px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1240.24px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,227,226
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:779.21px;white-space:nowrap">4,344</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1441.2px;left:2278.87px;white-space:nowrap">7/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1441.2px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,588,405</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:779.21px;white-space:nowrap">5,332
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1642.16px;left:2278.87px;white-space:nowrap">7/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1642.16px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,245,872</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:1512px;letter-spacing:-1.31px;white-space:nowrap">Rochester,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:2308.47px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:2677.75px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:3073.42px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:3695.49px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:4520.12px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:5062.36px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2035.12px;left:1656px;white-space:nowrap">1999:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2236.07px;left:913.61px;white-space:nowrap">730
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2236.07px;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:160px;position:absolute;top:2236.07px;left:2278.87px;white-space:nowrap">10/01/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2236.07px;left:2994.05px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2236.07px;left:3085.25px;white-space:nowrap">NPFG
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2236.07px;left:3554.85px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2236.07px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2236.07px;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:160px;position:absolute;top:2236.07px;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:160px;position:absolute;top:2236.07px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2236.07px;left:9842.61px;letter-spacing:0px;white-space:nowrap">738,665</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2437.03px;left:913.61px;white-space:nowrap">730
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2437.03px;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:160px;position:absolute;top:2437.03px;left:2278.87px;white-space:nowrap">10/01/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2437.03px;left:2994.05px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2437.03px;left:3085.25px;white-space:nowrap">NPFG
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2437.03px;left:3554.85px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2437.03px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2437.03px;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:160px;position:absolute;top:2437.03px;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:160px;position:absolute;top:2437.03px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2437.03px;left:9842.61px;letter-spacing:0px;white-space:nowrap">753,513</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2637.99px;left:913.61px;white-space:nowrap">730
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2637.99px;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:160px;position:absolute;top:2637.99px;left:2278.87px;white-space:nowrap">10/01/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2637.99px;left:2994.05px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2637.99px;left:3085.25px;white-space:nowrap">NPFG
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2637.99px;left:3554.85px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2637.99px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2637.99px;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:160px;position:absolute;top:2637.99px;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:160px;position:absolute;top:2637.99px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2637.99px;left:9842.61px;letter-spacing:0px;white-space:nowrap">769,325</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2838.95px;left:913.61px;white-space:nowrap">725
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2838.95px;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:160px;position:absolute;top:2838.95px;left:2278.87px;white-space:nowrap">10/01/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2838.95px;left:2994.05px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2838.95px;left:3085.25px;white-space:nowrap">NPFG
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2838.95px;left:3554.85px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2838.95px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2838.95px;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:160px;position:absolute;top:2838.95px;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:160px;position:absolute;top:2838.95px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2838.95px;left:9842.61px;letter-spacing:0px;white-space:nowrap">780,985</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3039.91px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3039.91px;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:160px;position:absolute;top:3039.91px;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:160px;position:absolute;top:3039.91px;left:9593.62px;white-space:nowrap">101,856,168
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3354.23px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3354.23px;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:160px;font-weight:bold;position:absolute;top:3354.23px;left:3345.9px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3354.23px;left:3438.05px;white-space:nowrap">39.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3354.23px;left:3981.89px;white-space:nowrap">(23.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3354.23px;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:160px;font-weight:bold;position:absolute;top:3354.23px;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:160px;font-weight:bold;position:absolute;top:3354.23px;left:5196.28px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3623.19px;left:913.61px;white-space:nowrap">105</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3623.19px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3623.19px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3623.19px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3623.19px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3623.19px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3623.19px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3623.19px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3623.19px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3623.19px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3623.19px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3623.19px;left:6042.97px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3815.19px;left:1656px;white-space:nowrap">Districts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3815.19px;left:2278.23px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3815.19px;left:3030.7px;letter-spacing:-1.92px;white-space:nowrap">Program,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3815.19px;left:3728.61px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3815.19px;left:4210.53px;letter-spacing:-0.69px;white-space:nowrap">2009A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3815.19px;left:4770.52px;letter-spacing:-0.6px;white-space:nowrap">5.625%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3815.19px;left:5393.39px;white-space:nowrap">10/01/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3815.19px;left:6108.57px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3815.19px;left:6196.89px;letter-spacing:-0.72px;white-space:nowrap">AGC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4007.19px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3623.19px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3623.19px;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:160px;position:absolute;top:3623.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3623.19px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3623.19px;left:9841.61px;white-space:nowrap">105,217</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4208.15px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4208.15px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4208.15px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4208.15px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4208.15px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4208.15px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4208.15px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4208.15px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4208.15px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4208.15px;left:5234.34px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4400.15px;left:1656px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4400.15px;left:2237.28px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4400.15px;left:2516px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4400.15px;left:3188.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4400.15px;left:3730.7px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4400.15px;left:4352.77px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4400.15px;left:4990.36px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4592.15px;left:1656px;white-space:nowrap">2014A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.11px;left:779.21px;white-space:nowrap">4,985
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.11px;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:160px;position:absolute;top:4793.11px;left:2278.87px;white-space:nowrap">2/15/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.11px;left:7078.26px;white-space:nowrap">2/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4793.11px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.11px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,068,449</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4994.07px;left:686.41px;white-space:nowrap">10,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4994.07px;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:160px;position:absolute;top:4994.07px;left:2278.87px;white-space:nowrap">2/15/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4994.07px;left:7078.26px;white-space:nowrap">2/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4994.07px;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:160px;position:absolute;top:4994.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4994.07px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4994.07px;left:9615.42px;letter-spacing:0px;white-space:nowrap">10,166,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5195.03px;left:779.21px;white-space:nowrap">7,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5195.03px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5195.03px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5195.03px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5195.03px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5195.03px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5195.03px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5195.03px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5195.03px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5195.03px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5195.03px;left:5234.34px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5195.03px;left:5892.25px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5195.03px;left:6473.53px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5387.03px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5387.03px;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:160px;position:absolute;top:5387.03px;left:2870.7px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5387.03px;left:3492.78px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5387.03px;left:4130.37px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5387.03px;left:4612.28px;letter-spacing:-0.69px;white-space:nowrap">2014C.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5387.03px;left:5175.47px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5387.03px;left:5687.14px;letter-spacing:-1.6px;white-space:nowrap">C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5387.03px;left:5879.14px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5579.03px;left:1656px;white-space:nowrap">3/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5195.03px;left:7078.26px;white-space:nowrap">3/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5195.03px;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:160px;position:absolute;top:5195.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5195.03px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5195.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,078,890</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:779.21px;white-space:nowrap">2,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:5234.34px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:5892.25px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:6473.53px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5971.99px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5971.99px;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:160px;position:absolute;top:5971.99px;left:2870.7px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5971.99px;left:3492.78px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5971.99px;left:4130.37px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5971.99px;left:4612.28px;letter-spacing:-0.69px;white-space:nowrap">2015E,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5971.99px;left:5154.99px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5971.99px;left:5777.86px;white-space:nowrap">3/15/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;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:160px;position:absolute;top:5779.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,616,950</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6172.95px;left:686.41px;white-space:nowrap">13,805
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6172.95px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6172.95px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6172.95px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6172.95px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6172.95px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6172.95px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6172.95px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6172.95px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6172.95px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6172.95px;left:5234.34px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6172.95px;left:5892.25px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6364.95px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6364.95px;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:160px;position:absolute;top:6364.95px;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:160px;position:absolute;top:6364.95px;left:3149.42px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6364.95px;left:3771.5px;letter-spacing:-1.39px;white-space:nowrap">Purpose,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6364.95px;left:4445.89px;white-space:nowrap">Bidding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6364.95px;left:5065.56px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6364.95px;left:5577.23px;white-space:nowrap">5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6364.95px;left:5710.03px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6364.95px;left:6191.94px;letter-spacing:-0.69px;white-space:nowrap">2021E,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6556.95px;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:160px;position:absolute;top:6556.95px;left:2278.87px;white-space:nowrap">3/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6172.95px;left:7078.26px;white-space:nowrap">3/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6172.95px;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:160px;position:absolute;top:6172.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6172.95px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6172.95px;left:9614.42px;letter-spacing:0px;white-space:nowrap">12,997,407</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6757.91px;left:686.41px;white-space:nowrap">10,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6757.91px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6757.91px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6757.91px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6757.91px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6757.91px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6757.91px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6757.91px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6757.91px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6757.91px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6757.91px;left:5234.34px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6757.91px;left:5892.25px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6757.91px;left:6473.53px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;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:160px;position:absolute;top:6949.91px;left:2870.7px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:3492.78px;letter-spacing:-1.39px;white-space:nowrap">Purpose,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:4167.17px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:4649.08px;letter-spacing:-0.69px;white-space:nowrap">2019A.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:5209.07px;white-space:nowrap">Bidding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:5828.74px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:6340.42px;letter-spacing:-0.53px;white-space:nowrap">1,2,3,4,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7141.91px;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:160px;position:absolute;top:7141.91px;left:2278.87px;white-space:nowrap">3/15/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6757.91px;left:7078.26px;white-space:nowrap">3/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6757.91px;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:160px;position:absolute;top:6757.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6757.91px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6757.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,395,800</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:686.41px;white-space:nowrap">12,560
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:5234.34px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:5649.06px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:5927.78px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2015B.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:3229.89px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:3738.69px;letter-spacing:-0.69px;white-space:nowrap">A,B&amp;C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:4298.68px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:4921.55px;white-space:nowrap">3/15/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;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:160px;position:absolute;top:7342.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:9614.42px;letter-spacing:0px;white-space:nowrap">12,918,462</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:779.21px;white-space:nowrap">1,400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:5234.34px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:5649.06px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:5927.78px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;left:2680.14px;letter-spacing:-0.48px;white-space:nowrap">2017A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;left:3200.46px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;left:3712.13px;letter-spacing:-1.6px;white-space:nowrap">C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;left:3904.13px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;left:4527px;white-space:nowrap">3/15/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:7078.26px;white-space:nowrap">3/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;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:160px;position:absolute;top:7735.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,469,916</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:686.41px;white-space:nowrap">17,510
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:5234.34px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:5649.06px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:5927.78px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;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:160px;position:absolute;top:8320.79px;left:3863px;white-space:nowrap">3/15/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:7078.26px;white-space:nowrap">3/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;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:160px;position:absolute;top:8128.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:9614.42px;letter-spacing:0px;white-space:nowrap">18,633,442</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:686.41px;white-space:nowrap">10,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:5234.34px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:5649.06px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:5927.78px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2018C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:3243.33px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:3866.2px;white-space:nowrap">3/15/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:7078.26px;white-space:nowrap">3/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;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:160px;position:absolute;top:8521.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,469,200</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8914.71px;left:779.21px;white-space:nowrap">1,080
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8914.71px;left:1512px;white-space:nowrap">Erie
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8914.71px;left:1835.84px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8914.71px;left:2401.59px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8914.71px;left:3116.14px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8914.71px;left:4151.64px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8914.71px;left:4778.36px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8914.71px;left:5147.63px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8914.71px;left:5543.31px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8914.71px;left:6082.66px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;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:160px;position:absolute;top:9106.71px;left:2870.7px;letter-spacing:-0.36px;white-space:nowrap">Buffalo
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:3420.46px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:3744.45px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:4283.81px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:4871.8px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:5666.35px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:6148.26px;letter-spacing:-0.69px;white-space:nowrap">2013A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9298.71px;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:160px;position:absolute;top:9298.71px;left:2278.87px;white-space:nowrap">5/01/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8914.71px;left:7078.26px;white-space:nowrap">5/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8914.71px;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:160px;position:absolute;top:8914.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8914.71px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8914.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,082,722</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9499.66px;left:1512px;white-space:nowrap">Government
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9499.66px;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:160px;position:absolute;top:9499.66px;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:160px;position:absolute;top:9499.66px;left:3180.94px;white-space:nowrap">Business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9499.66px;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:160px;position:absolute;top:9499.66px;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:160px;position:absolute;top:9499.66px;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:160px;position:absolute;top:9691.66px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9691.66px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9691.66px;left:2932.46px;white-space:nowrap">2015D:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9892.62px;left:779.21px;white-space:nowrap">5,045
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9892.62px;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:160px;position:absolute;top:9892.62px;left:2278.87px;white-space:nowrap">11/15/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9892.62px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9892.62px;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:160px;position:absolute;top:9892.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9892.62px;left:8868.48px;white-space:nowrap">BB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9892.62px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,155,334</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10093.58px;left:779.21px;white-space:nowrap">6,490
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10093.58px;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:160px;position:absolute;top:10093.58px;left:2278.87px;white-space:nowrap">11/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10093.58px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10093.58px;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:160px;position:absolute;top:10093.58px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10093.58px;left:8868.48px;white-space:nowrap">BB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10093.58px;left:9708.22px;letter-spacing:0px;white-space:nowrap">6,519,789</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:1512px;white-space:nowrap">Hudson
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:2119.67px;letter-spacing:-2.88px;white-space:nowrap">Yards
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:2554.71px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:3559.81px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:4525.56px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:4894.83px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;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:160px;position:absolute;top:10486.54px;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:160px;position:absolute;top:10486.54px;left:3366.06px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:3809.9px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:4221.09px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:4700.12px;white-space:nowrap">A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:779.21px;white-space:nowrap">1,080
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;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:160px;position:absolute;top:10687.5px;left:2278.87px;white-space:nowrap">2/15/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:7078.26px;white-space:nowrap">2/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;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:160px;position:absolute;top:10687.5px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,102,594</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10888.46px;left:779.21px;white-space:nowrap">6,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10888.46px;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:160px;position:absolute;top:10888.46px;left:2278.87px;white-space:nowrap">2/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10888.46px;left:7078.26px;white-space:nowrap">2/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10888.46px;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:160px;position:absolute;top:10888.46px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10888.46px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10888.46px;left:9708.22px;letter-spacing:0px;white-space:nowrap">6,474,260</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11089.42px;left:1512px;white-space:nowrap">Hudson
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11089.42px;left:2119.67px;letter-spacing:-2.88px;white-space:nowrap">Yards
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11089.42px;left:2554.71px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11089.42px;left:3559.81px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11089.42px;left:4525.56px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11089.42px;left:4894.83px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11281.42px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11281.42px;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:160px;position:absolute;top:11281.42px;left:2870.7px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11281.42px;left:3465.1px;letter-spacing:-0.29px;white-space:nowrap">Indenture
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11281.42px;left:4215.97px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11281.42px;left:4659.81px;white-space:nowrap">2017
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11281.42px;left:5071px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11281.42px;left:5550.03px;white-space:nowrap">A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11482.38px;left:779.21px;white-space:nowrap">2,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11482.38px;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:160px;position:absolute;top:11482.38px;left:2278.87px;white-space:nowrap">2/15/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11482.38px;left:7078.26px;white-space:nowrap">2/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11482.38px;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:160px;position:absolute;top:11482.38px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11482.38px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11482.38px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,633,900</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11683.34px;left:779.21px;white-space:nowrap">2,125
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11683.34px;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:160px;position:absolute;top:11683.34px;left:2278.87px;white-space:nowrap">2/15/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11683.34px;left:7078.26px;white-space:nowrap">2/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11683.34px;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:160px;position:absolute;top:11683.34px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11683.34px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11683.34px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,231,208</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11884.3px;left:779.21px;white-space:nowrap">5,285
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11884.3px;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:160px;position:absolute;top:11884.3px;left:2278.87px;white-space:nowrap">2/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11884.3px;left:7078.26px;white-space:nowrap">2/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11884.3px;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:160px;position:absolute;top:11884.3px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11884.3px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11884.3px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,528,691</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12085.26px;left:686.41px;white-space:nowrap">13,155
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12085.26px;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:160px;position:absolute;top:12085.26px;left:2278.87px;white-space:nowrap">2/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12085.26px;left:7078.26px;white-space:nowrap">2/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12085.26px;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:160px;position:absolute;top:12085.26px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12085.26px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12085.26px;left:9615.42px;letter-spacing:0px;white-space:nowrap">13,709,878</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12286.22px;left:779.21px;white-space:nowrap">6,135
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12286.22px;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:160px;position:absolute;top:12286.22px;left:2278.87px;white-space:nowrap">2/15/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12286.22px;left:7078.26px;white-space:nowrap">2/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12286.22px;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:160px;position:absolute;top:12286.22px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12286.22px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12286.22px;left:9708.22px;letter-spacing:0px;white-space:nowrap">6,371,259</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12487.18px;left:686.41px;white-space:nowrap">10,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12487.18px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12487.18px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12487.18px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12487.18px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12487.18px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12487.18px;left:5092.59px;letter-spacing:-0.16px;white-space:nowrap">Dedicated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12487.18px;left:5891.31px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12487.18px;left:6170.02px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12679.18px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12679.18px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12679.18px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12679.18px;left:3240.13px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12679.18px;left:3863px;white-space:nowrap">11/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12487.18px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12487.18px;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:160px;position:absolute;top:12487.18px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12487.18px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12487.18px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,584,900</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,[encoded data, 12548 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">3,675</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.41px;white-space:nowrap">Monroe
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2128.47px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2694.22px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3408.77px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4444.28px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5070.99px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5440.27px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5835.95px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6375.3px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1039.28px;left:2870.7px;letter-spacing:-0.19px;white-space:nowrap">Rochester
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3638.05px;white-space:nowrap">Schools
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4248.45px;letter-spacing:-0.11px;white-space:nowrap">Modernization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5347.95px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5924.74px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:6406.65px;letter-spacing:-0.8px;white-space:nowrap">2013,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1231.28px;left:2278.87px;white-space:nowrap">5/01/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">5/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:847.28px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,684,702
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1432.24px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;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:160px;position:absolute;top:1432.24px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:5545.55px;white-space:nowrap">Building
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:6193.71px;white-space:nowrap">Aid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1624.24px;left:2870.7px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:3314.54px;letter-spacing:-0.8px;white-space:nowrap">2018,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:3762.53px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:4244.44px;letter-spacing:-0.53px;white-space:nowrap">2017S-3,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:4926.67px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:5549.54px;white-space:nowrap">7/15/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1432.24px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,280,350</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:779.21px;white-space:nowrap">5,625
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;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:160px;position:absolute;top:1825.2px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:5545.55px;white-space:nowrap">Building
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:6193.71px;white-space:nowrap">Aid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2017.2px;left:2870.7px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:3314.54px;white-space:nowrap">2019
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:3725.73px;white-space:nowrap">Subseries
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:4473.56px;letter-spacing:-0.96px;white-space:nowrap">S-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:4784.6px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:5407.46px;white-space:nowrap">7/15/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1825.2px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,940,394</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:779.21px;white-space:nowrap">1,535
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;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:160px;position:absolute;top:2218.16px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:5545.55px;white-space:nowrap">Building
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:6193.71px;white-space:nowrap">Aid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2410.16px;left:2870.7px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;left:3314.54px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;left:3725.73px;white-space:nowrap">Subseries
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;left:4473.56px;letter-spacing:-0.8px;white-space:nowrap">S-1A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;left:4896.6px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;left:5519.46px;white-space:nowrap">7/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2218.16px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,290,352</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:779.21px;white-space:nowrap">5,400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;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:160px;position:absolute;top:2611.12px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:5545.55px;white-space:nowrap">Building
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:6193.71px;white-space:nowrap">Aid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;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:160px;position:absolute;top:2803.12px;left:2870.7px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:3314.54px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:3796.45px;letter-spacing:-0.53px;white-space:nowrap">2015S-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:4478.68px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:5101.55px;white-space:nowrap">7/15/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:7078.26px;white-space:nowrap">1/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;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:160px;position:absolute;top:2611.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,564,430</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:686.41px;white-space:nowrap">11,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;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:160px;position:absolute;top:3004.07px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:5545.55px;white-space:nowrap">Building
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:6193.71px;white-space:nowrap">Aid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;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:160px;position:absolute;top:3196.07px;left:2870.7px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:3314.54px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:3796.45px;letter-spacing:-0.53px;white-space:nowrap">2015S-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:4478.68px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:5101.55px;white-space:nowrap">7/15/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3004.07px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:9614.42px;letter-spacing:0px;white-space:nowrap">11,269,830</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3397.03px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3397.03px;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:160px;position:absolute;top:3397.03px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3397.03px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3397.03px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3397.03px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3397.03px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3397.03px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3589.03px;left:1656px;white-space:nowrap">Building
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3589.03px;left:2304.15px;white-space:nowrap">Aid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3589.03px;left:2598.07px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3589.03px;left:3270.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3589.03px;left:3812.78px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3589.03px;left:4256.62px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3589.03px;left:4738.53px;white-space:nowrap">2016S-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3789.99px;left:779.21px;white-space:nowrap">7,945
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:3789.99px;left:2278.87px;white-space:nowrap">7/15/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3789.99px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3789.99px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3789.99px;left:9708.22px;letter-spacing:0px;white-space:nowrap">8,274,638</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:779.21px;white-space:nowrap">7,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;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:160px;position:absolute;top:3990.95px;left:2278.87px;white-space:nowrap">7/15/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3990.95px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:9708.22px;letter-spacing:0px;white-space:nowrap">7,302,150</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:779.21px;white-space:nowrap">5,100
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;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:160px;position:absolute;top:4191.91px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:5545.55px;letter-spacing:-1.37px;white-space:nowrap">Future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:6047.79px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:2298.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:2841.1px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:3779.65px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:4223.49px;white-space:nowrap">2013
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:4634.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:5116.6px;letter-spacing:-1.34px;white-space:nowrap">F-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:5425.39px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:6048.26px;white-space:nowrap">2/01/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4191.91px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,107,089</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:686.41px;white-space:nowrap">13,530
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;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:160px;position:absolute;top:4584.87px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:5545.55px;letter-spacing:-1.37px;white-space:nowrap">Future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:6047.79px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:2298.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:2841.1px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:3779.65px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:4223.49px;white-space:nowrap">2014
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:4634.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:5116.6px;letter-spacing:-0.96px;white-space:nowrap">D-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:5458.51px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:6081.38px;white-space:nowrap">2/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:7078.26px;white-space:nowrap">2/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4584.87px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:9614.42px;letter-spacing:0px;white-space:nowrap">13,702,237</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:779.21px;white-space:nowrap">3,960
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;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:160px;position:absolute;top:4977.83px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:5545.55px;letter-spacing:-1.37px;white-space:nowrap">Future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:6047.79px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:2298.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:2841.1px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:3779.65px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:4223.49px;white-space:nowrap">2015
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:4634.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:5116.6px;letter-spacing:-0.96px;white-space:nowrap">B-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:5439.15px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:6062.02px;white-space:nowrap">8/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4977.83px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,047,160</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:779.21px;white-space:nowrap">4,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;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:160px;position:absolute;top:5370.79px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:5545.55px;letter-spacing:-1.37px;white-space:nowrap">Future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:6047.79px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:2298.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:2841.1px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:3779.65px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:4223.49px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:4634.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:5116.6px;letter-spacing:-0.96px;white-space:nowrap">E-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:5432.11px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:6054.98px;white-space:nowrap">2/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:7078.26px;white-space:nowrap">2/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5370.79px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,146,680</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:779.21px;white-space:nowrap">8,100
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;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:160px;position:absolute;top:5763.75px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:5545.55px;letter-spacing:-1.37px;white-space:nowrap">Future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:6047.79px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:2298.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:2841.1px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:3779.65px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:4223.49px;white-space:nowrap">2017
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:4634.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:5116.6px;letter-spacing:-0.96px;white-space:nowrap">B-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:5439.15px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:6062.02px;white-space:nowrap">8/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:5763.75px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,916,535</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:779.21px;white-space:nowrap">1,375
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;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:160px;position:absolute;top:6156.71px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:5545.55px;letter-spacing:-1.37px;white-space:nowrap">Future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:6047.79px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:2298.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:2841.1px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:3779.65px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:4223.49px;white-space:nowrap">2017
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:4634.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:5116.6px;letter-spacing:-0.96px;white-space:nowrap">E-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:5432.11px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:6054.98px;white-space:nowrap">2/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:7078.26px;white-space:nowrap">2/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6156.71px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,445,482</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6549.67px;left:686.41px;white-space:nowrap">13,960
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6549.67px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6549.67px;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:160px;position:absolute;top:6549.67px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6549.67px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6549.67px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6549.67px;left:3360.14px;letter-spacing:-0.13px;white-space:nowrap">Educational
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6549.67px;left:4260.77px;letter-spacing:-0.15px;white-space:nowrap">Construction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6549.67px;left:5238.51px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6549.67px;left:5649.55px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6549.67px;left:6322.02px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;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:160px;position:absolute;top:6741.67px;left:2687.66px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:3310.53px;white-space:nowrap">4/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6549.67px;left:7078.26px;white-space:nowrap">4/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6549.67px;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:160px;position:absolute;top:6549.67px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6549.67px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6549.67px;left:9614.42px;letter-spacing:0px;white-space:nowrap">14,675,031</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6942.63px;left:779.21px;white-space:nowrap">1,960
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6942.63px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6942.63px;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:160px;position:absolute;top:6942.63px;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:160px;position:absolute;top:6942.63px;left:2642.39px;letter-spacing:-0.36px;white-space:nowrap">Thruway
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6942.63px;left:3294.54px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6942.63px;left:4038.69px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6942.63px;left:4444.76px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6942.63px;left:5102.67px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6942.63px;left:5683.95px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6942.63px;left:5962.67px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7134.63px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7134.63px;left:2198.23px;white-space:nowrap">Bidding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7134.63px;left:2817.9px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7134.63px;left:3329.58px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7134.63px;left:3462.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7134.63px;left:3944.29px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7134.63px;left:4504.28px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7134.63px;left:5127.15px;white-space:nowrap">3/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6942.63px;left:7078.26px;white-space:nowrap">9/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6942.63px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6942.63px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,114,546</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7335.59px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7335.59px;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:160px;position:absolute;top:7335.59px;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:160px;position:absolute;top:7335.59px;left:2642.39px;letter-spacing:-0.36px;white-space:nowrap">Thruway
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7335.59px;left:3294.54px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7335.59px;left:4038.69px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7335.59px;left:4444.76px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7335.59px;left:5102.67px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7527.59px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7527.59px;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:160px;position:absolute;top:7527.59px;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:160px;position:absolute;top:7527.59px;left:3149.42px;letter-spacing:-0.2px;white-space:nowrap">Climate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7527.59px;left:3752.3px;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:160px;position:absolute;top:7527.59px;left:4423.97px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7527.59px;left:4919.32px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7719.59px;left:1656px;white-space:nowrap">2022C:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7920.55px;left:779.21px;white-space:nowrap">9,600
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7920.55px;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:160px;position:absolute;top:7920.55px;left:2278.87px;white-space:nowrap">3/15/53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7920.55px;left:7078.26px;white-space:nowrap">9/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7920.55px;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:160px;position:absolute;top:7920.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7920.55px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7920.55px;left:9615.42px;letter-spacing:0px;white-space:nowrap">10,308,384</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8121.51px;left:686.41px;white-space:nowrap">10,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8121.51px;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:160px;position:absolute;top:8121.51px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">3/15/55,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8121.51px;left:2938.06px;white-space:nowrap">(UB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8121.51px;left:3329.41px;white-space:nowrap">(4)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8121.51px;left:7078.26px;white-space:nowrap">9/32
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8121.51px;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:160px;position:absolute;top:8121.51px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8121.51px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8121.51px;left:9615.42px;letter-spacing:0px;white-space:nowrap">10,721,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:686.41px;white-space:nowrap">12,070
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;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:160px;position:absolute;top:8322.47px;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:160px;position:absolute;top:8322.47px;left:2646.23px;white-space:nowrap">Urban
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:3137.74px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:4176.13px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:5141.87px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:5547.95px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:6205.86px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8514.47px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8514.47px;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:160px;position:absolute;top:8514.47px;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:160px;position:absolute;top:8514.47px;left:3149.42px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8514.47px;left:3771.5px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8514.47px;left:4409.09px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8514.47px;left:4891px;letter-spacing:-0.69px;white-space:nowrap">2013C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8514.47px;left:5454.19px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8514.47px;left:6077.05px;white-space:nowrap">3/15/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;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:160px;position:absolute;top:8322.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.47px;left:9614.42px;letter-spacing:0px;white-space:nowrap">12,087,501</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:779.21px;white-space:nowrap">7,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;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:160px;position:absolute;top:8715.43px;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:160px;position:absolute;top:8715.43px;left:2646.23px;white-space:nowrap">Urban
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:3137.74px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:4176.13px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:5141.87px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:5547.95px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:6205.86px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8907.43px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8907.43px;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:160px;position:absolute;top:8907.43px;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:160px;position:absolute;top:8907.43px;left:3149.42px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8907.43px;left:3771.5px;letter-spacing:-1.39px;white-space:nowrap">Purpose,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8907.43px;left:4445.89px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8907.43px;left:4927.8px;letter-spacing:-0.69px;white-space:nowrap">2020C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8907.43px;left:5490.99px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8907.43px;left:6113.85px;white-space:nowrap">3/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:7078.26px;white-space:nowrap">9/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:8715.43px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8715.43px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,984,950</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9108.39px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9108.39px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9108.39px;left:2379.35px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9108.39px;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:160px;position:absolute;top:9108.39px;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:160px;position:absolute;top:9108.39px;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:160px;position:absolute;top:9108.39px;left:4791.01px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9108.39px;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:160px;position:absolute;top:9300.39px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9300.39px;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:160px;position:absolute;top:9300.39px;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:160px;position:absolute;top:9300.39px;left:3840.29px;white-space:nowrap">2018A-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:686.41px;white-space:nowrap">90,206
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;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:160px;position:absolute;top:9501.35px;left:2278.87px;white-space:nowrap">7/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:7171.06px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;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:160px;position:absolute;top:9501.35px;left:7723.21px;white-space:nowrap">30.01</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.35px;left:9615.42px;letter-spacing:0px;white-space:nowrap">17,020,068</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9702.3px;left:686.41px;white-space:nowrap">54,245
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9702.3px;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:160px;position:absolute;top:9702.3px;left:2278.87px;white-space:nowrap">7/01/58
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9702.3px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:9702.3px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9702.3px;left:9615.42px;letter-spacing:0px;white-space:nowrap">50,328,511</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9903.26px;left:913.61px;white-space:nowrap">259
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9903.26px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9903.26px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9903.26px;left:2379.35px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9903.26px;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:160px;position:absolute;top:9903.26px;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:160px;position:absolute;top:9903.26px;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:160px;position:absolute;top:9903.26px;left:4791.01px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9903.26px;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:160px;position:absolute;top:9903.26px;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:160px;position:absolute;top:9903.26px;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:160px;position:absolute;top:10095.26px;left:1656px;letter-spacing:-1.92px;white-space:nowrap">Taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10095.26px;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:160px;position:absolute;top:10095.26px;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:160px;position:absolute;top:10095.26px;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:160px;position:absolute;top:10095.26px;left:4279.97px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10095.26px;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:160px;position:absolute;top:10095.26px;left:5465.87px;letter-spacing:-0.6px;white-space:nowrap">4.536%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10095.26px;left:6088.73px;white-space:nowrap">7/01/53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9903.26px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9903.26px;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:160px;position:absolute;top:9903.26px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9903.26px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9903.26px;left:9841.61px;white-space:nowrap">223,978</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10296.22px;left:779.21px;white-space:nowrap">2,730
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10296.22px;left:1512px;letter-spacing:-0.36px;white-space:nowrap">Suffolk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10296.22px;left:2046.4px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10296.22px;left:2610.23px;white-space:nowrap">Judicial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10296.22px;left:3209.59px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10296.22px;left:3867.98px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10296.22px;left:4494.7px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10296.22px;left:4863.97px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10296.22px;left:5259.65px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10296.22px;left:5716.92px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10296.22px;left:6389.4px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10488.22px;left:1656px;letter-spacing:-1.6px;white-space:nowrap">H.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10488.22px;left:1847.68px;letter-spacing:-0.72px;white-space:nowrap">Lee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10488.22px;left:2149.44px;white-space:nowrap">Dennison
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10488.22px;left:2889.75px;letter-spacing:-0.48px;white-space:nowrap">Building,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10488.22px;left:3577.58px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10488.22px;left:4059.49px;letter-spacing:-0.8px;white-space:nowrap">2013,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10488.22px;left:4507.48px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10488.22px;left:5130.35px;white-space:nowrap">11/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10296.22px;left:6985.46px;white-space:nowrap">11/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:10296.22px;left:8962.88px;letter-spacing:-2.88px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10296.22px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,751,922</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:779.21px;white-space:nowrap">5,140
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:5250.03px;letter-spacing:-1.56px;white-space:nowrap">Payroll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:5769.87px;white-space:nowrap">Mobility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:6396.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10881.18px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10881.18px;left:2198.23px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10881.18px;left:2708.3px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10881.18px;left:3054.38px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10881.18px;left:3549.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10881.18px;left:4091.97px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10881.18px;left:4573.88px;letter-spacing:-0.53px;white-space:nowrap">2022D-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10881.18px;left:5286.98px;letter-spacing:-0.6px;white-space:nowrap">4.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10881.18px;left:5909.85px;white-space:nowrap">5/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:6985.46px;white-space:nowrap">11/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;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:160px;position:absolute;top:10689.18px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10689.18px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,176,905</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11082.14px;left:779.21px;white-space:nowrap">8,425
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11082.14px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11082.14px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11082.14px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11082.14px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11082.14px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11082.14px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11082.14px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11082.14px;left:5250.03px;letter-spacing:-1.56px;white-space:nowrap">Payroll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11082.14px;left:5769.87px;white-space:nowrap">Mobility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11082.14px;left:6396.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11274.14px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11274.14px;left:2198.23px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11274.14px;left:2708.3px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11274.14px;left:3054.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11274.14px;left:3536.29px;letter-spacing:-0.53px;white-space:nowrap">2021B-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11274.14px;left:4230.04px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11274.14px;left:4852.91px;white-space:nowrap">5/15/56
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11082.14px;left:7078.26px;white-space:nowrap">5/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:11082.14px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11082.14px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,583,090</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:779.21px;white-space:nowrap">6,715
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:5250.03px;letter-spacing:-1.56px;white-space:nowrap">Payroll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:5769.87px;white-space:nowrap">Mobility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:6396.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11667.1px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11667.1px;left:2198.23px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11667.1px;left:2708.3px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11667.1px;left:3054.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11667.1px;left:3536.29px;letter-spacing:-0.48px;white-space:nowrap">2021C-1A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11667.1px;left:4355.48px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11667.1px;left:4978.35px;white-space:nowrap">5/15/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:6985.46px;white-space:nowrap">11/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:11475.1px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11475.1px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,239,846</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:686.41px;white-space:nowrap">12,395
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:5250.03px;letter-spacing:-1.56px;white-space:nowrap">Payroll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:5769.87px;white-space:nowrap">Mobility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:6396.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12060.06px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12060.06px;left:2198.23px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12060.06px;left:2708.3px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12060.06px;left:3054.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12060.06px;left:3536.29px;letter-spacing:-0.53px;white-space:nowrap">2021C-3,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12060.06px;left:4243.48px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12060.06px;left:4866.35px;white-space:nowrap">5/15/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12060.06px;left:5488.73px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12060.06px;left:5577.05px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12060.06px;left:5992.57px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:6985.46px;white-space:nowrap">11/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:11868.06px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11868.06px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,249,893</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12261.02px;left:686.41px;white-space:nowrap">10,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12261.02px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12261.02px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12261.02px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12261.02px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12261.02px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12261.02px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12261.02px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12261.02px;left:5250.03px;letter-spacing:-1.56px;white-space:nowrap">Payroll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12261.02px;left:5769.87px;white-space:nowrap">Mobility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12261.02px;left:6396.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12453.02px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12453.02px;left:2198.23px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12453.02px;left:2708.3px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12453.02px;left:3054.38px;white-space:nowrap">Subseries
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12453.02px;left:3802.21px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12453.02px;left:4506.2px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12453.02px;left:5129.06px;white-space:nowrap">5/15/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12261.02px;left:7078.26px;white-space:nowrap">5/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12261.02px;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:160px;position:absolute;top:12261.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12261.02px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12261.02px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,677,800</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;left:779.21px;white-space:nowrap">1,325
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;left:5250.03px;letter-spacing:-1.56px;white-space:nowrap">Payroll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;left:5769.87px;white-space:nowrap">Mobility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;left:6396.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12845.98px;left:1656px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12845.98px;left:2166.07px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12845.98px;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:160px;position:absolute;top:12845.98px;left:3054.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12845.98px;left:3536.29px;letter-spacing:-0.69px;white-space:nowrap">2022C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12845.98px;left:4099.48px;letter-spacing:-0.6px;white-space:nowrap">4.125%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12845.98px;left:4722.35px;white-space:nowrap">5/15/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;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:160px;position:absolute;top:12653.98px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12653.98px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,237,669</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:13046.94px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:13046.94px;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:160px;position:absolute;top:13046.94px;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:160px;position:absolute;top:13046.94px;left:9593.62px;white-space:nowrap">403,668,391
</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1875.64px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2652.21px;white-space:nowrap">AMT-Free
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4173.61px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5294.57px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6828.96px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:7989.3px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:8816.72px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4681.96px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:5096.61px;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">NRK</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12268 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-1.08px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;left:2678.71px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;left:2770.87px;white-space:nowrap">24.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;left:3314.7px;white-space:nowrap">(14.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;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:160px;font-weight:bold;position:absolute;top:578.32px;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:160px;font-weight:bold;position:absolute;top:578.32px;left:4529.09px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">4,315
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.36px;white-space:nowrap">Buffalo
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2061.76px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2382.07px;letter-spacing:-1.92px;white-space:nowrap">Fort
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2708.47px;white-space:nowrap">Erie
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3032.31px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3512.62px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4043.66px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4787.8px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5157.08px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5548.92px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5843.15px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6377.07px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:1039.28px;left:3352.62px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3800.61px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4423.48px;white-space:nowrap">1/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">1/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:847.28px;left:8853.44px;white-space:nowrap">A+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,474,526
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">1,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1432.24px;left:2198.23px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:2693.59px;letter-spacing:-0.2px;white-space:nowrap">Climate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3296.46px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3730.85px;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:160px;position:absolute;top:1432.24px;left:4402.52px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:4884.44px;letter-spacing:-0.53px;white-space:nowrap">2017A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:5588.42px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:6211.29px;white-space:nowrap">11/15/57
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">5/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1240.24px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,498,005</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:1656px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:2748.94px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:3421.42px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:3963.65px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:4459px;letter-spacing:-0.2px;white-space:nowrap">Climate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:5061.88px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:1656px;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:160px;position:absolute;top:2017.2px;left:2327.67px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:2809.58px;white-space:nowrap">2020C-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:779.21px;white-space:nowrap">7,775
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:2218.16px;left:2278.87px;white-space:nowrap">11/15/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:7078.26px;white-space:nowrap">5/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2218.16px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:9708.22px;letter-spacing:0px;white-space:nowrap">7,825,771</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:686.41px;white-space:nowrap">19,315
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;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:160px;position:absolute;top:2419.12px;left:2278.87px;white-space:nowrap">11/15/55
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:7078.26px;white-space:nowrap">5/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2419.12px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:9615.42px;letter-spacing:0px;white-space:nowrap">19,786,672</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:779.21px;white-space:nowrap">2,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;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:160px;position:absolute;top:2812.07px;left:2992.78px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:3488.14px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:3970.05px;letter-spacing:-0.69px;white-space:nowrap">2016B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:4519.8px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:5142.67px;white-space:nowrap">11/15/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2620.07px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,535,850</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;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:160px;position:absolute;top:3205.03px;left:2992.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:3474.7px;letter-spacing:-0.53px;white-space:nowrap">2015D-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:4187.8px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:4810.67px;white-space:nowrap">11/15/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3013.03px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,047,100</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:779.21px;white-space:nowrap">1,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;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:160px;position:absolute;top:3597.99px;left:2992.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:3474.7px;letter-spacing:-3.15px;white-space:nowrap">2015F,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:3995.33px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3597.99px;left:4618.2px;white-space:nowrap">11/15/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3405.99px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,514,130</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:779.21px;white-space:nowrap">2,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:3990.95px;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:160px;position:absolute;top:3990.95px;left:2992.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:3474.7px;letter-spacing:-1.78px;white-space:nowrap">2017D,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:4036.13px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3990.95px;left:4659px;white-space:nowrap">11/15/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:7078.26px;white-space:nowrap">5/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3798.95px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,590,225</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:1656px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:2748.94px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:3421.42px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:3963.65px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4383.91px;left:4445.56px;white-space:nowrap">2013B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:779.21px;white-space:nowrap">4,040
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:4584.87px;left:2278.87px;white-space:nowrap">11/15/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:7078.26px;white-space:nowrap">5/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4584.87px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,028,405</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4785.83px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:1656px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:2748.94px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:3421.42px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:3963.65px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4977.83px;left:4445.56px;white-space:nowrap">2013E:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:779.21px;white-space:nowrap">1,785
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;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:160px;position:absolute;top:5178.79px;left:2278.87px;white-space:nowrap">11/15/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:6985.46px;white-space:nowrap">11/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5178.79px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5178.79px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,791,854</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;left:686.41px;white-space:nowrap">10,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;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:160px;position:absolute;top:5379.75px;left:2278.87px;white-space:nowrap">11/15/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;left:6985.46px;white-space:nowrap">11/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;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:160px;position:absolute;top:5379.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;left:9708.22px;letter-spacing:0px;white-space:nowrap">9,971,300</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5772.71px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5772.71px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5772.71px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2014B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5772.71px;left:3229.89px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5772.71px;left:3852.76px;white-space:nowrap">11/15/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:7078.26px;white-space:nowrap">5/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;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:160px;position:absolute;top:5580.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5580.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,000,030</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:779.21px;white-space:nowrap">5,425
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:6165.67px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:2680.14px;letter-spacing:-0.53px;white-space:nowrap">2015A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:3384.13px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6165.67px;left:4007px;white-space:nowrap">11/15/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:7078.26px;white-space:nowrap">5/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5973.67px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,397,929</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6366.63px;left:779.21px;white-space:nowrap">2,440
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6366.63px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6366.63px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6366.63px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6366.63px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6366.63px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6366.63px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6366.63px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:2680.14px;letter-spacing:-0.53px;white-space:nowrap">2016C-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:3387.33px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6558.63px;left:4010.2px;white-space:nowrap">11/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:6366.63px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6366.63px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,466,718</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6759.59px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6759.59px;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:160px;position:absolute;top:6759.59px;left:2240.15px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6759.59px;left:2779.66px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6759.59px;left:3818.05px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6759.59px;left:4783.8px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6759.59px;left:5153.07px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:2195.51px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:2867.98px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:3410.22px;letter-spacing:-0.36px;white-space:nowrap">Secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:4053.09px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:4273.09px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6951.59px;left:4595.64px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7143.59px;left:1656px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7143.59px;left:2679.03px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7143.59px;left:3221.26px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7143.59px;left:4015.81px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7143.59px;left:4497.72px;letter-spacing:-0.48px;white-space:nowrap">1WTC-2021:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7344.55px;left:779.21px;white-space:nowrap">2,050
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7344.55px;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:160px;position:absolute;top:7344.55px;left:2278.87px;white-space:nowrap">2/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7344.55px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7344.55px;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:160px;position:absolute;top:7344.55px;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:160px;position:absolute;top:7344.55px;left:7078.26px;white-space:nowrap">2/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:7344.55px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7344.55px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,639,344</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:779.21px;white-space:nowrap">2,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;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:160px;position:absolute;top:7545.51px;left:2278.87px;white-space:nowrap">2/15/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:2992.46px;white-space:nowrap">BAM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:3387.97px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:7078.26px;white-space:nowrap">2/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:7545.51px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7545.51px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,376,750</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.47px;left:686.41px;white-space:nowrap">20,780
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.47px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.47px;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:160px;position:absolute;top:7746.47px;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:160px;position:absolute;top:7746.47px;left:2642.39px;letter-spacing:-0.36px;white-space:nowrap">Thruway
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.47px;left:3294.54px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.47px;left:4038.69px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.47px;left:4660.76px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.47px;left:5333.24px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.47px;left:5875.47px;letter-spacing:-0.18px;white-space:nowrap">Maturity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:2167.67px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:2300.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:2782.38px;letter-spacing:-1.78px;white-space:nowrap">2021O,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:3358.7px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.47px;left:3981.56px;white-space:nowrap">1/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.47px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.47px;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:160px;position:absolute;top:7746.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.47px;left:8867.2px;white-space:nowrap">A1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.47px;left:9614.42px;letter-spacing:0px;white-space:nowrap">19,515,745</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8139.43px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8139.43px;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:160px;position:absolute;top:8139.43px;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:160px;position:absolute;top:8139.43px;left:2642.39px;letter-spacing:-0.36px;white-space:nowrap">Thruway
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8139.43px;left:3294.54px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8139.43px;left:4038.69px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8139.43px;left:4660.76px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8139.43px;left:5333.24px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8331.43px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8331.43px;left:2137.91px;white-space:nowrap">2020N:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8532.39px;left:779.21px;white-space:nowrap">2,280
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8532.39px;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:160px;position:absolute;top:8532.39px;left:2278.87px;white-space:nowrap">1/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8532.39px;left:7078.26px;white-space:nowrap">1/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8532.39px;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:160px;position:absolute;top:8532.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8532.39px;left:8867.2px;white-space:nowrap">A1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8532.39px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,177,332</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.35px;left:779.21px;white-space:nowrap">5,720
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.35px;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:160px;position:absolute;top:8733.35px;left:2278.87px;white-space:nowrap">1/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.35px;left:7078.26px;white-space:nowrap">1/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.35px;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:160px;position:absolute;top:8733.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.35px;left:8867.2px;white-space:nowrap">A1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.35px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,396,076</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:779.21px;white-space:nowrap">2,225
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;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:160px;position:absolute;top:8934.3px;left:2278.87px;white-space:nowrap">1/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:2992.46px;white-space:nowrap">BAM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:3387.97px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:7078.26px;white-space:nowrap">1/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;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:160px;position:absolute;top:8934.3px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8934.3px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,627,031</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9135.26px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9135.26px;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:160px;position:absolute;top:9135.26px;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:160px;position:absolute;top:9135.26px;left:2642.39px;letter-spacing:-0.36px;white-space:nowrap">Thruway
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9135.26px;left:3294.54px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9135.26px;left:4038.69px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9135.26px;left:4660.76px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9135.26px;left:5331.32px;white-space:nowrap">Junior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:1656px;white-space:nowrap">Indebtedness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:2696.62px;letter-spacing:-0.49px;white-space:nowrap">Obligations,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:3629.09px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9327.26px;left:4111px;white-space:nowrap">2016A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9528.22px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9528.22px;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:160px;position:absolute;top:9528.22px;left:2278.87px;white-space:nowrap">1/01/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9528.22px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9528.22px;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:160px;position:absolute;top:9528.22px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9528.22px;left:8867.2px;white-space:nowrap">A2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9528.22px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,068,980</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9729.18px;left:779.21px;white-space:nowrap">7,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9729.18px;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:160px;position:absolute;top:9729.18px;left:2278.87px;white-space:nowrap">1/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9729.18px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9729.18px;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:160px;position:absolute;top:9729.18px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9729.18px;left:8867.2px;white-space:nowrap">A2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9729.18px;left:9708.22px;letter-spacing:0px;white-space:nowrap">7,691,700</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9930.14px;left:686.41px;white-space:nowrap">19,115
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9930.14px;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:160px;position:absolute;top:9930.14px;left:2278.87px;white-space:nowrap">1/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9930.14px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9930.14px;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:160px;position:absolute;top:9930.14px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9930.14px;left:8867.2px;white-space:nowrap">A2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9930.14px;left:9615.42px;letter-spacing:0px;white-space:nowrap">19,475,509</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10131.1px;left:779.21px;white-space:nowrap">1,130
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10131.1px;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:160px;position:absolute;top:10131.1px;left:2278.87px;white-space:nowrap">1/01/56
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10131.1px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10131.1px;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:160px;position:absolute;top:10131.1px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10131.1px;left:8867.2px;white-space:nowrap">A2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10131.1px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,159,063</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10332.06px;left:779.21px;white-space:nowrap">9,355
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10332.06px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10332.06px;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:160px;position:absolute;top:10332.06px;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:160px;position:absolute;top:10332.06px;left:2642.39px;letter-spacing:-0.36px;white-space:nowrap">Thruway
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10332.06px;left:3294.54px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10332.06px;left:4038.69px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10332.06px;left:4660.76px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10332.06px;left:5331.32px;white-space:nowrap">Junior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10332.06px;left:5831.31px;white-space:nowrap">Indebtedness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10524.06px;left:1656px;letter-spacing:-0.49px;white-space:nowrap">Obligations,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10524.06px;left:2588.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10524.06px;left:3070.38px;letter-spacing:-0.69px;white-space:nowrap">2019B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10524.06px;left:3620.13px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10524.06px;left:4243px;white-space:nowrap">1/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10332.06px;left:7078.26px;white-space:nowrap">1/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10332.06px;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:160px;position:absolute;top:10332.06px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10332.06px;left:8867.2px;white-space:nowrap">A2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10332.06px;left:9707.22px;letter-spacing:0px;white-space:nowrap">8,564,970</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10725.02px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10725.02px;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:160px;position:absolute;top:10725.02px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10725.02px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10725.02px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10725.02px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10917.02px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10917.02px;left:2051.67px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10917.02px;left:2620.79px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10917.02px;left:3157.59px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10917.02px;left:3830.06px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10917.02px;left:4368.45px;letter-spacing:-1.71px;white-space:nowrap">Terminal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10917.02px;left:5033.41px;white-space:nowrap">4
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10917.02px;left:5164.29px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10917.02px;left:5567px;white-space:nowrap">F
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11109.02px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">Kennedy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11109.02px;left:2340.63px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11109.02px;left:3296.14px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11109.02px;left:3851.49px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11109.02px;left:4428.28px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11109.02px;left:4910.19px;white-space:nowrap">2020C:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11309.98px;left:779.21px;white-space:nowrap">1,175
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:11309.98px;left:2278.87px;white-space:nowrap">12/01/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11309.98px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:11309.98px;left:8706.57px;white-space:nowrap">Baa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11309.98px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,285,438</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11510.94px;left:779.21px;white-space:nowrap">3,750
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11510.94px;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:160px;position:absolute;top:11510.94px;left:2278.87px;white-space:nowrap">12/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11510.94px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:11510.94px;left:8706.57px;white-space:nowrap">Baa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11510.94px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,049,213</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11711.9px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11711.9px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11711.9px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11711.9px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11711.9px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11711.9px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11711.9px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11711.9px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11711.9px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11903.9px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11903.9px;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:160px;position:absolute;top:11903.9px;left:2870.7px;white-space:nowrap">One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11903.9px;left:3231.18px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11903.9px;left:3922.05px;letter-spacing:-0.74px;white-space:nowrap">Eighty-Forth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11903.9px;left:4850.84px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11903.9px;left:5332.75px;white-space:nowrap">2014:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12104.86px;left:779.21px;white-space:nowrap">3,950
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12104.86px;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:160px;position:absolute;top:12104.86px;left:2278.87px;white-space:nowrap">9/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12104.86px;left:7078.26px;white-space:nowrap">9/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12104.86px;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:160px;position:absolute;top:12104.86px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12104.86px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12104.86px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,037,335</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12305.82px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12305.82px;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:160px;position:absolute;top:12305.82px;left:2278.87px;white-space:nowrap">9/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12305.82px;left:7078.26px;white-space:nowrap">9/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12305.82px;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:160px;position:absolute;top:12305.82px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12305.82px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12305.82px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,020,640</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12506.78px;left:779.21px;white-space:nowrap">9,755
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12506.78px;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:160px;position:absolute;top:12506.78px;left:2278.87px;white-space:nowrap">9/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12506.78px;left:7078.26px;white-space:nowrap">9/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12506.78px;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:160px;position:absolute;top:12506.78px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12506.78px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12506.78px;left:9708.22px;letter-spacing:0px;white-space:nowrap">9,899,374</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12707.74px;left:686.41px;white-space:nowrap">10,780
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12707.74px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12707.74px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12707.74px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12707.74px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12707.74px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12707.74px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12707.74px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12707.74px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12707.74px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12707.74px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12707.74px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12899.74px;left:1656px;white-space:nowrap">One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12899.74px;left:2016.48px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12899.74px;left:2707.35px;white-space:nowrap">Eighty-Ninth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12899.74px;left:3655.65px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12899.74px;left:4137.56px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12899.74px;left:4585.56px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12899.74px;left:5208.42px;white-space:nowrap">5/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12707.74px;left:7078.26px;white-space:nowrap">5/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12707.74px;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:160px;position:absolute;top:12707.74px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12707.74px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12707.74px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,943,533</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,[encoded data, 12520 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">9,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:1656px;white-space:nowrap">One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2016.48px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2707.35px;letter-spacing:-0.69px;white-space:nowrap">Ninety-Fourth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3746.69px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4228.6px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4676.6px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5299.46px;white-space:nowrap">10/15/55
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6985.46px;white-space:nowrap">10/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:847.28px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,207,990
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:1656px;white-space:nowrap">One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:2016.48px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:2707.35px;white-space:nowrap">Seventy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3320.46px;white-space:nowrap">Ninth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3759.65px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:4241.56px;letter-spacing:-0.8px;white-space:nowrap">2013,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:4689.55px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:5312.42px;white-space:nowrap">12/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:6985.46px;white-space:nowrap">12/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1240.24px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,015,960</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1825.2px;left:2866.87px;letter-spacing:-3.84px;white-space:nowrap">Two
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:3199.82px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:3890.69px;white-space:nowrap">Eleventh
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:4563.81px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:5045.72px;white-space:nowrap">2018:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:779.21px;white-space:nowrap">1,515
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;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:160px;position:absolute;top:2026.16px;left:2278.87px;white-space:nowrap">9/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:7078.26px;white-space:nowrap">9/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2026.16px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,448,764</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;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:160px;position:absolute;top:2227.12px;left:2278.87px;white-space:nowrap">9/01/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:7078.26px;white-space:nowrap">9/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2227.12px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,057,130</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Two
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:1988.96px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:2679.83px;letter-spacing:-0.8px;white-space:nowrap">Fifth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:3036.15px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:3518.06px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:3966.05px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:4588.92px;white-space:nowrap">11/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:6985.46px;white-space:nowrap">11/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2428.07px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,053,050</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;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:160px;position:absolute;top:3013.03px;left:2866.87px;letter-spacing:-3.84px;white-space:nowrap">Two
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:3199.82px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:3890.69px;white-space:nowrap">Ninth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:4329.89px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:4811.8px;white-space:nowrap">2018:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:779.21px;white-space:nowrap">1,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;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:160px;position:absolute;top:3213.99px;left:2278.87px;white-space:nowrap">7/15/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3213.99px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,624,755</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:779.21px;white-space:nowrap">1,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;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:160px;position:absolute;top:3414.95px;left:2278.87px;white-space:nowrap">7/15/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;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:160px;position:absolute;top:3414.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,291,476</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3615.91px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3615.91px;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:160px;position:absolute;top:3615.91px;left:2278.87px;white-space:nowrap">7/15/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3615.91px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3615.91px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3615.91px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,068,730</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3816.87px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3816.87px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3816.87px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3816.87px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3816.87px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3816.87px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3816.87px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3816.87px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3816.87px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3816.87px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3816.87px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3816.87px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Two
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:1988.96px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:2679.83px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:3161.74px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:3609.73px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4008.87px;left:4232.6px;white-space:nowrap">10/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3816.87px;left:7078.26px;white-space:nowrap">4/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3816.87px;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:160px;position:absolute;top:3816.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3816.87px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3816.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,045,800</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4209.83px;left:779.21px;white-space:nowrap">6,130
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4209.83px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4209.83px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4209.83px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4209.83px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4209.83px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4209.83px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4209.83px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4209.83px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4209.83px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4209.83px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4209.83px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4401.83px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Two
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4401.83px;left:1988.96px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4401.83px;left:2675.99px;letter-spacing:-0.44px;white-space:nowrap">Thirteenth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4401.83px;left:3463.98px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4401.83px;left:3945.89px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4401.83px;left:4393.88px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4401.83px;left:5016.75px;white-space:nowrap">9/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4209.83px;left:7078.26px;white-space:nowrap">9/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4209.83px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4209.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,682,313</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:686.41px;white-space:nowrap">11,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:5250.03px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:5872.11px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4794.79px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4794.79px;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:160px;position:absolute;top:4794.79px;left:2870.7px;letter-spacing:-3.12px;white-space:nowrap">MTA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4794.79px;left:3243.18px;white-space:nowrap">Bridges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4794.79px;left:3848.13px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4794.79px;left:3996.93px;letter-spacing:-2.13px;white-space:nowrap">Tunnels,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4794.79px;left:4632.28px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4794.79px;left:5426.84px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4794.79px;left:5908.75px;letter-spacing:-0.69px;white-space:nowrap">2017B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:4986.79px;left:2278.87px;white-space:nowrap">11/15/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:7078.26px;white-space:nowrap">5/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;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:160px;position:absolute;top:4602.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4602.79px;left:9614.42px;letter-spacing:0px;white-space:nowrap">12,195,520</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5187.75px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5187.75px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5187.75px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5187.75px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5187.75px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5187.75px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5187.75px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5187.75px;left:5250.03px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;left:2293.59px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;left:2966.06px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;left:3508.29px;letter-spacing:-3.12px;white-space:nowrap">MTA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;left:3880.77px;white-space:nowrap">Bridges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;left:4485.72px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;left:4634.52px;letter-spacing:-2.13px;white-space:nowrap">Tunnels,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5379.75px;left:5269.87px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:1656px;white-space:nowrap">2018A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5772.71px;left:779.21px;white-space:nowrap">7,715
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:5772.71px;left:2278.87px;white-space:nowrap">11/15/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:5772.71px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5772.71px;left:9708.22px;letter-spacing:0px;white-space:nowrap">8,180,138</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:779.21px;white-space:nowrap">2,285
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;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:160px;position:absolute;top:5973.67px;left:2278.87px;white-space:nowrap">11/15/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:7078.26px;white-space:nowrap">5/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5973.67px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5973.67px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,415,656</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6174.63px;left:779.21px;white-space:nowrap">2,360
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6174.63px;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:160px;position:absolute;top:6174.63px;left:2278.87px;white-space:nowrap">11/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6174.63px;left:7078.26px;white-space:nowrap">5/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6174.63px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6174.63px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,219,863</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6375.59px;left:779.21px;white-space:nowrap">9,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6375.59px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6375.59px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6375.59px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6375.59px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6375.59px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6375.59px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6375.59px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6375.59px;left:5250.03px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6375.59px;left:5872.11px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6567.59px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6567.59px;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:160px;position:absolute;top:6567.59px;left:2870.7px;letter-spacing:-3.12px;white-space:nowrap">MTA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6567.59px;left:3243.18px;white-space:nowrap">Bridges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6567.59px;left:3848.13px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6567.59px;left:3996.93px;letter-spacing:-2.13px;white-space:nowrap">Tunnels,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6567.59px;left:4632.28px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6567.59px;left:5114.2px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6567.59px;left:5674.19px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6759.59px;left:1656px;white-space:nowrap">11/15/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6375.59px;left:7078.26px;white-space:nowrap">5/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6375.59px;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:160px;position:absolute;top:6375.59px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6375.59px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6375.59px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,498,780</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:686.41px;white-space:nowrap">16,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:5250.03px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:5872.11px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:2198.23px;letter-spacing:-3.12px;white-space:nowrap">MTA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:2570.71px;white-space:nowrap">Bridges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:3175.66px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:3324.46px;letter-spacing:-2.13px;white-space:nowrap">Tunnels,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:3959.81px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:4441.72px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:5001.71px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7152.55px;left:5624.58px;white-space:nowrap">11/15/56
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:7078.26px;white-space:nowrap">5/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6960.55px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6960.55px;left:9614.42px;letter-spacing:0px;white-space:nowrap">14,777,600</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7353.51px;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:160px;position:absolute;top:7353.51px;left:9593.62px;white-space:nowrap">248,640,073
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7667.83px;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:160px;font-weight:bold;position:absolute;top:7667.83px;left:1852px;letter-spacing:-0.17px;white-space:nowrap">Guaranteed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7667.83px;left:2809.27px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7667.83px;left:2901.43px;white-space:nowrap">5.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7667.83px;left:3341.9px;white-space:nowrap">(3.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7667.83px;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:160px;font-weight:bold;position:absolute;top:7667.83px;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:160px;font-weight:bold;position:absolute;top:7667.83px;left:4452.93px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7667.83px;left:5495px;white-space:nowrap">(5)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7936.79px;left:779.21px;white-space:nowrap">1,250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7936.79px;left:1512px;white-space:nowrap">Build
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7936.79px;left:1928.96px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7936.79px;left:2298.23px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7936.79px;left:2657.11px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7936.79px;left:2981.1px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7936.79px;left:3694.53px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7936.79px;left:4660.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7936.79px;left:5029.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7936.79px;left:5425.23px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7936.79px;left:6097.71px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:1656px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:2025.28px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:2384.15px;white-space:nowrap">Methodist
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:3162.86px;white-space:nowrap">Hospital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:3804.61px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:4381.4px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:5175.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:5657.87px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:6105.86px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">7/01/27,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;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:160px;position:absolute;top:8320.79px;left:3360.45px;white-space:nowrap">7/01/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7936.79px;left:7078.26px;white-space:nowrap">7/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7936.79px;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:160px;position:absolute;top:7936.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7936.79px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7936.79px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,277,900</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8521.75px;left:4828.27px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;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:160px;position:absolute;top:8713.75px;left:2866.87px;letter-spacing:-3.04px;white-space:nowrap">Touro
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:3325.9px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:3941.73px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:4262.05px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:5015.64px;letter-spacing:-0.84px;white-space:nowrap">System,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8905.75px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8905.75px;left:2137.91px;white-space:nowrap">2014A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:779.21px;white-space:nowrap">1,685
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;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:160px;position:absolute;top:9106.71px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/01/34,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;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:160px;position:absolute;top:9106.71px;left:3983.32px;white-space:nowrap">7/01/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:7078.26px;white-space:nowrap">7/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;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:160px;position:absolute;top:9106.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,731,371</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9307.66px;left:779.21px;white-space:nowrap">2,185
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9307.66px;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:160px;position:absolute;top:9307.66px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/01/39,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9307.66px;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:160px;position:absolute;top:9307.66px;left:3983.32px;white-space:nowrap">7/01/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9307.66px;left:7078.26px;white-space:nowrap">7/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9307.66px;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:160px;position:absolute;top:9307.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9307.66px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9307.66px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,252,189</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9508.62px;left:779.21px;white-space:nowrap">2,820
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9508.62px;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:160px;position:absolute;top:9508.62px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/01/44,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9508.62px;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:160px;position:absolute;top:9508.62px;left:3983.32px;white-space:nowrap">7/01/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9508.62px;left:7078.26px;white-space:nowrap">7/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9508.62px;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:160px;position:absolute;top:9508.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9508.62px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9508.62px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,906,715</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:686.41px;white-space:nowrap">14,585
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:4828.27px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:5285.54px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:5958.02px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:1656px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:2062.07px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:2815.66px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:3597.57px;letter-spacing:-1.04px;white-space:nowrap">Facilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:4295.64px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:5090.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:5572.11px;letter-spacing:-0.69px;white-space:nowrap">2013A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:6132.1px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10093.58px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">7/01/27,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10093.58px;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:160px;position:absolute;top:10093.58px;left:3360.45px;white-space:nowrap">7/01/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:7078.26px;white-space:nowrap">7/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;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:160px;position:absolute;top:9709.58px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:8781.76px;white-space:nowrap">Aa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:9614.42px;letter-spacing:0px;white-space:nowrap">14,674,698</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:4828.27px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;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:160px;position:absolute;top:10486.54px;left:2870.7px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:3276.78px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:4030.37px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:4812.27px;letter-spacing:-1.04px;white-space:nowrap">Facilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10678.54px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10678.54px;left:2137.91px;white-space:nowrap">2015A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;left:779.21px;white-space:nowrap">3,095
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;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:160px;position:absolute;top:10879.5px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;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:160px;position:absolute;top:10879.5px;left:3983.32px;white-space:nowrap">7/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;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:160px;position:absolute;top:10879.5px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;left:8781.76px;white-space:nowrap">Aa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,229,632</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11080.46px;left:779.21px;white-space:nowrap">3,465
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11080.46px;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:160px;position:absolute;top:11080.46px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/33,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11080.46px;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:160px;position:absolute;top:11080.46px;left:3983.32px;white-space:nowrap">7/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11080.46px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11080.46px;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:160px;position:absolute;top:11080.46px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11080.46px;left:8781.76px;white-space:nowrap">Aa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11080.46px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,615,728</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11281.42px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11281.42px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11281.42px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11281.42px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11281.42px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11281.42px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11281.42px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11281.42px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11281.42px;left:4828.27px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11473.42px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11473.42px;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:160px;position:absolute;top:11473.42px;left:2870.7px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11473.42px;left:3276.78px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11473.42px;left:4030.37px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11473.42px;left:4812.27px;letter-spacing:-1.04px;white-space:nowrap">Facilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11665.42px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11665.42px;left:2137.91px;white-space:nowrap">2017A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11866.38px;left:779.21px;white-space:nowrap">1,625
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11866.38px;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:160px;position:absolute;top:11866.38px;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:160px;position:absolute;top:11866.38px;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:160px;position:absolute;top:11866.38px;left:3983.32px;white-space:nowrap">7/01/27)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11866.38px;left:7078.26px;white-space:nowrap">7/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11866.38px;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:160px;position:absolute;top:11866.38px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11866.38px;left:8781.76px;white-space:nowrap">Aa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11866.38px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,769,186</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12067.34px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12067.34px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12067.34px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12067.34px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12067.34px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12067.34px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12067.34px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12067.34px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12067.34px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;left:2198.23px;letter-spacing:-2.19px;white-space:nowrap">Pratt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;left:2562.39px;letter-spacing:-0.44px;white-space:nowrap">Institute,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;left:3221.41px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;left:3703.32px;white-space:nowrap">2015A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12460.3px;left:913.61px;white-space:nowrap">800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12460.3px;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:160px;position:absolute;top:12460.3px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/39,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12460.3px;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:160px;position:absolute;top:12460.3px;left:3983.32px;white-space:nowrap">7/01/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12460.3px;left:7078.26px;white-space:nowrap">7/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12460.3px;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:160px;position:absolute;top:12460.3px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12460.3px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12460.3px;left:9842.61px;letter-spacing:0px;white-space:nowrap">817,328</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12661.26px;left:779.21px;white-space:nowrap">1,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12661.26px;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:160px;position:absolute;top:12661.26px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/44,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12661.26px;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:160px;position:absolute;top:12661.26px;left:3983.32px;white-space:nowrap">7/01/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12661.26px;left:7078.26px;white-space:nowrap">7/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12661.26px;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:160px;position:absolute;top:12661.26px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12661.26px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12661.26px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,532,490</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: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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1875.64px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2652.21px;white-space:nowrap">AMT-Free
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4173.61px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5294.57px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6828.96px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:7989.3px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:8816.72px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4681.96px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:5096.61px;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">NRK</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12504 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:578.32px;left:2809.27px;white-space:nowrap">(5)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:578.32px;left:3062.07px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5234.34px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:1656px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2237.28px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2516px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3188.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3730.7px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4352.77px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4990.36px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:1656px;white-space:nowrap">2014A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:1006.4px;white-space:nowrap">15</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1432.24px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">2/15/29,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1432.24px;left:3983.32px;white-space:nowrap">2/15/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:7078.26px;white-space:nowrap">2/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1432.24px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1432.24px;left:9935.41px;letter-spacing:0px;white-space:nowrap">15,251
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:1656px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:2748.94px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:3421.42px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:3963.65px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:4445.56px;white-space:nowrap">2013B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:779.21px;white-space:nowrap">6,090
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:2026.16px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">11/15/30,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;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:160px;position:absolute;top:2026.16px;left:4076.12px;white-space:nowrap">5/15/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:7078.26px;white-space:nowrap">5/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2026.16px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:9708.22px;letter-spacing:0px;white-space:nowrap">6,112,838</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:913.61px;white-space:nowrap">480
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2013C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:3243.33px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:3866.2px;letter-spacing:-0.48px;white-space:nowrap">11/15/32,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:4618.19px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:5663.45px;white-space:nowrap">5/15/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:7078.26px;white-space:nowrap">5/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2227.12px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:9841.61px;white-space:nowrap">481,800</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:779.21px;white-space:nowrap">1,900
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:2680.14px;letter-spacing:-1.78px;white-space:nowrap">2013D,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:3241.57px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:3864.44px;letter-spacing:-0.48px;white-space:nowrap">11/15/30,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:4616.43px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:5661.69px;white-space:nowrap">11/15/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:6985.46px;white-space:nowrap">11/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2620.07px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,928,139</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:1656px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:2748.94px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:3421.42px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:3963.65px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:4445.56px;white-space:nowrap">2013E:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:686.41px;white-space:nowrap">14,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:3405.99px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">11/15/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;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:160px;position:absolute;top:3405.99px;left:4076.12px;white-space:nowrap">11/15/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:6985.46px;white-space:nowrap">11/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3405.99px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:9615.42px;letter-spacing:0px;white-space:nowrap">14,183,260</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Western
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:2157.11px;white-space:nowrap">Nassau
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:2725.26px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:3289.09px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:3759.65px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:4503.79px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:4873.07px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:5266.83px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:1656px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:2216.95px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:2889.43px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:3431.66px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3798.95px;left:3913.57px;white-space:nowrap">2015A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:779.21px;white-space:nowrap">1,325
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;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:160px;position:absolute;top:3999.91px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">4/01/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;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:160px;position:absolute;top:3999.91px;left:3983.32px;white-space:nowrap">4/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:7078.26px;white-space:nowrap">4/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3999.91px;left:8867.2px;white-space:nowrap">A1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,374,263</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4200.87px;left:779.21px;white-space:nowrap">1,950
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4200.87px;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:160px;position:absolute;top:4200.87px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">4/01/45,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4200.87px;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:160px;position:absolute;top:4200.87px;left:3983.32px;white-space:nowrap">4/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4200.87px;left:7078.26px;white-space:nowrap">4/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4200.87px;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:160px;position:absolute;top:4200.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4200.87px;left:8867.2px;white-space:nowrap">A1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4200.87px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,022,501</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4401.83px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4401.83px;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:160px;position:absolute;top:4401.83px;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:160px;position:absolute;top:4401.83px;left:9686.42px;white-space:nowrap">59,925,289
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4716.15px;left:1512px;white-space:nowrap">Utilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4716.15px;left:2149.75px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4716.15px;left:2241.9px;white-space:nowrap">30.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4716.15px;left:2785.74px;white-space:nowrap">(18.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4716.15px;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:160px;font-weight:bold;position:absolute;top:4716.15px;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:160px;font-weight:bold;position:absolute;top:4716.15px;left:4000.13px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:1922.56px;white-space:nowrap">Island
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:2395.83px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:2880.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:3624.61px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:3993.89px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:4389.56px;white-space:nowrap">Electric
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:4964.44px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.11px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.11px;left:2278.07px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.11px;left:2950.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.11px;left:3492.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.11px;left:3974.69px;white-space:nowrap">2000A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5378.07px;left:779.21px;white-space:nowrap">8,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5378.07px;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:160px;position:absolute;top:5378.07px;left:2278.87px;white-space:nowrap">6/01/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5378.07px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5378.07px;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:160px;position:absolute;top:5378.07px;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:160px;position:absolute;top:5378.07px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5378.07px;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:160px;position:absolute;top:5378.07px;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:160px;position:absolute;top:5378.07px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5378.07px;left:9708.22px;letter-spacing:0px;white-space:nowrap">7,667,120</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5579.03px;left:779.21px;white-space:nowrap">8,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5579.03px;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:160px;position:absolute;top:5579.03px;left:2278.87px;white-space:nowrap">6/01/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5579.03px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5579.03px;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:160px;position:absolute;top:5579.03px;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:160px;position:absolute;top:5579.03px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5579.03px;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:160px;position:absolute;top:5579.03px;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:160px;position:absolute;top:5579.03px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5579.03px;left:9708.22px;letter-spacing:0px;white-space:nowrap">7,415,760</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:686.41px;white-space:nowrap">20,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;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:160px;position:absolute;top:5779.99px;left:2278.87px;white-space:nowrap">6/01/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;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:160px;position:absolute;top:5779.99px;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:160px;position:absolute;top:5779.99px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;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:160px;position:absolute;top:5779.99px;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:160px;position:absolute;top:5779.99px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5779.99px;left:9615.42px;letter-spacing:0px;white-space:nowrap">17,958,400</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5980.95px;left:686.41px;white-space:nowrap">10,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5980.95px;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:160px;position:absolute;top:5980.95px;left:2278.87px;white-space:nowrap">6/01/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5980.95px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5980.95px;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:160px;position:absolute;top:5980.95px;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:160px;position:absolute;top:5980.95px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5980.95px;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:160px;position:absolute;top:5980.95px;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:160px;position:absolute;top:5980.95px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5980.95px;left:9708.22px;letter-spacing:0px;white-space:nowrap">8,692,600</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6181.91px;left:686.41px;white-space:nowrap">15,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6181.91px;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:160px;position:absolute;top:6181.91px;left:2278.87px;white-space:nowrap">6/01/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6181.91px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6181.91px;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:160px;position:absolute;top:6181.91px;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:160px;position:absolute;top:6181.91px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6181.91px;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:160px;position:absolute;top:6181.91px;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:160px;position:absolute;top:6181.91px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6181.91px;left:9615.42px;letter-spacing:0px;white-space:nowrap">12,593,550</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6382.87px;left:686.41px;white-space:nowrap">10,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6382.87px;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:160px;position:absolute;top:6382.87px;left:2278.87px;white-space:nowrap">6/01/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6382.87px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6382.87px;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:160px;position:absolute;top:6382.87px;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:160px;position:absolute;top:6382.87px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6382.87px;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:160px;position:absolute;top:6382.87px;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:160px;position:absolute;top:6382.87px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6382.87px;left:9708.22px;letter-spacing:0px;white-space:nowrap">8,108,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6583.83px;left:779.21px;white-space:nowrap">2,590
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6583.83px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6583.83px;left:1922.56px;white-space:nowrap">Island
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6583.83px;left:2395.83px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6583.83px;left:2880.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6583.83px;left:3624.61px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6583.83px;left:3993.89px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6583.83px;left:4389.56px;white-space:nowrap">Electric
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6583.83px;left:4964.44px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6583.83px;left:5525.39px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6583.83px;left:6147.46px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6775.83px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6775.83px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6775.83px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6775.83px;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:160px;position:absolute;top:6775.83px;left:3863px;white-space:nowrap">9/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6583.83px;left:7078.26px;white-space:nowrap">9/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6583.83px;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:160px;position:absolute;top:6583.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6583.83px;left:8962.88px;letter-spacing:-2.88px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6583.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,611,834</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6976.79px;left:913.61px;white-space:nowrap">520
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6976.79px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6976.79px;left:1922.56px;white-space:nowrap">Island
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6976.79px;left:2395.83px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6976.79px;left:2880.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6976.79px;left:3624.61px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6976.79px;left:3993.89px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6976.79px;left:4389.56px;white-space:nowrap">Electric
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6976.79px;left:4964.44px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6976.79px;left:5525.39px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6976.79px;left:6147.46px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7168.79px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7168.79px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7168.79px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2016B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7168.79px;left:3229.89px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7168.79px;left:3852.76px;white-space:nowrap">9/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6976.79px;left:7078.26px;white-space:nowrap">9/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6976.79px;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:160px;position:absolute;top:6976.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6976.79px;left:8962.88px;letter-spacing:-2.88px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6976.79px;left:9841.61px;white-space:nowrap">532,574</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7369.75px;left:779.21px;white-space:nowrap">6,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7369.75px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7369.75px;left:1922.56px;white-space:nowrap">Island
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7369.75px;left:2395.83px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7369.75px;left:2880.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7369.75px;left:3624.61px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7369.75px;left:3993.89px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7369.75px;left:4389.56px;white-space:nowrap">Electric
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7369.75px;left:4964.44px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7369.75px;left:5525.39px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7369.75px;left:6147.46px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7561.75px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7561.75px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7561.75px;left:2680.14px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7561.75px;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:160px;position:absolute;top:7561.75px;left:3751px;white-space:nowrap">9/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7369.75px;left:7078.26px;white-space:nowrap">9/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7369.75px;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:160px;position:absolute;top:7369.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7369.75px;left:8962.88px;letter-spacing:-2.88px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7369.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,320,700</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7762.71px;left:779.21px;white-space:nowrap">4,085
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7762.71px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7762.71px;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:160px;position:absolute;top:7762.71px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7762.71px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7762.71px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7762.71px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7762.71px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7762.71px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7762.71px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7762.71px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7762.71px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7954.71px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7954.71px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7954.71px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7954.71px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7954.71px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7954.71px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7954.71px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7954.71px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7954.71px;left:6391.14px;white-space:nowrap">2013
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8146.71px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8146.71px;left:2137.91px;letter-spacing:-3.12px;white-space:nowrap">DD,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8146.71px;left:2449.27px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8146.71px;left:3072.14px;white-space:nowrap">6/15/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7762.71px;left:7078.26px;white-space:nowrap">6/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7762.71px;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:160px;position:absolute;top:7762.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7762.71px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7762.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,100,605</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8347.66px;left:779.21px;white-space:nowrap">4,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8347.66px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8347.66px;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:160px;position:absolute;top:8347.66px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8347.66px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8347.66px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8347.66px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8347.66px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8347.66px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8347.66px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8347.66px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8347.66px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8539.66px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8539.66px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8539.66px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8539.66px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8539.66px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8539.66px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8539.66px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8539.66px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8539.66px;left:6391.14px;white-space:nowrap">2014
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8731.66px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8731.66px;left:2137.91px;letter-spacing:-1.68px;white-space:nowrap">CC,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8731.66px;left:2443.19px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8731.66px;left:3066.06px;white-space:nowrap">6/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8347.66px;left:7078.26px;white-space:nowrap">6/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8347.66px;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:160px;position:absolute;top:8347.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8347.66px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8347.66px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,047,760</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8932.62px;left:686.41px;white-space:nowrap">10,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8932.62px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8932.62px;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:160px;position:absolute;top:8932.62px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8932.62px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8932.62px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8932.62px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8932.62px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8932.62px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8932.62px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8932.62px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8932.62px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9124.62px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9124.62px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9124.62px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9124.62px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9124.62px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9124.62px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9124.62px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9124.62px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9124.62px;left:6391.14px;white-space:nowrap">2014
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9316.62px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9316.62px;left:2137.91px;letter-spacing:-3.12px;white-space:nowrap">DD,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9316.62px;left:2449.27px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9316.62px;left:3072.14px;white-space:nowrap">6/15/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8932.62px;left:7078.26px;white-space:nowrap">6/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8932.62px;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:160px;position:absolute;top:8932.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8932.62px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8932.62px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,184,900</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9517.58px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9517.58px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9517.58px;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:160px;position:absolute;top:9517.58px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9517.58px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9517.58px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9517.58px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9517.58px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9517.58px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9517.58px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9517.58px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9517.58px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9709.58px;left:6391.14px;white-space:nowrap">2015
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:2137.91px;letter-spacing:-1.2px;white-space:nowrap">HH,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:2444.47px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:3067.34px;white-space:nowrap">6/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9517.58px;left:7078.26px;white-space:nowrap">6/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9517.58px;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:160px;position:absolute;top:9517.58px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9517.58px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9517.58px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,149,100</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10102.54px;left:779.21px;white-space:nowrap">5,035
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10102.54px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10102.54px;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:160px;position:absolute;top:10102.54px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10102.54px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10102.54px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10102.54px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10102.54px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10102.54px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10102.54px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10102.54px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10102.54px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:6391.14px;white-space:nowrap">2017
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:1656px;white-space:nowrap">Adjustable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:2483.99px;letter-spacing:-0.7px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:2843.99px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:3325.9px;letter-spacing:-0.8px;white-space:nowrap">BB-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:3750.21px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:4373.08px;white-space:nowrap">6/15/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10102.54px;left:7078.26px;white-space:nowrap">6/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10102.54px;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:160px;position:absolute;top:10102.54px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10102.54px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10102.54px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,278,946</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:779.21px;white-space:nowrap">3,965
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;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:160px;position:absolute;top:10687.5px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;left:6391.14px;white-space:nowrap">2017
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11071.5px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11071.5px;left:2137.91px;letter-spacing:-1.12px;white-space:nowrap">CC-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11071.5px;left:2587.18px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11071.5px;left:3210.05px;white-space:nowrap">6/15/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:7078.26px;white-space:nowrap">6/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;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:160px;position:absolute;top:10687.5px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,088,272</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11272.46px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11272.46px;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:160px;position:absolute;top:11272.46px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11272.46px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11272.46px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11272.46px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11272.46px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11272.46px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11272.46px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11464.46px;left:1656px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11464.46px;left:2129.43px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11464.46px;left:2449.75px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11464.46px;left:2939.98px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11464.46px;left:3500.93px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11464.46px;left:4095.33px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11464.46px;left:4717.4px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11656.46px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11656.46px;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:160px;position:absolute;top:11656.46px;left:2870.7px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11656.46px;left:3314.54px;white-space:nowrap">2017
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11656.46px;left:3725.73px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11656.46px;left:4207.65px;white-space:nowrap">DD:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11857.42px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11857.42px;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:160px;position:absolute;top:11857.42px;left:2278.87px;white-space:nowrap">6/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11857.42px;left:6985.46px;white-space:nowrap">12/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11857.42px;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:160px;position:absolute;top:11857.42px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11857.42px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11857.42px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,170,200</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12058.38px;left:779.21px;white-space:nowrap">2,990
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12058.38px;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:160px;position:absolute;top:12058.38px;left:2278.87px;white-space:nowrap">6/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12058.38px;left:6985.46px;white-space:nowrap">12/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12058.38px;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:160px;position:absolute;top:12058.38px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12058.38px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12058.38px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,132,773</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;left:686.41px;white-space:nowrap">25,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;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:160px;position:absolute;top:12259.34px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12451.34px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12451.34px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12451.34px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12451.34px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12451.34px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12451.34px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12451.34px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12451.34px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12451.34px;left:6391.14px;white-space:nowrap">2018
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12643.34px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12643.34px;left:2137.91px;letter-spacing:-0.8px;white-space:nowrap">DD-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12643.34px;left:2600.94px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12643.34px;left:3223.81px;letter-spacing:-0.53px;white-space:nowrap">6/15/48,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12643.34px;left:3883px;white-space:nowrap">(UB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;left:6985.46px;white-space:nowrap">12/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;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:160px;position:absolute;top:12259.34px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12259.34px;left:9614.42px;letter-spacing:0px;white-space:nowrap">26,258,500</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: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,[encoded data, 12268 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:686.41px;white-space:nowrap">21,815</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;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:160px;position:absolute;top:847.28px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:6391.14px;white-space:nowrap">2018
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1231.28px;left:2137.91px;letter-spacing:-1.2px;white-space:nowrap">EE,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:2404.15px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:3027.02px;white-space:nowrap">6/15/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6985.46px;white-space:nowrap">12/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:847.28px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:9614.42px;letter-spacing:0px;white-space:nowrap">23,278,568
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:779.21px;white-space:nowrap">1,225</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;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:160px;position:absolute;top:1432.24px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:6391.14px;white-space:nowrap">2020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1816.24px;left:2137.91px;letter-spacing:-0.8px;white-space:nowrap">DD-3,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1816.24px;left:2600.94px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1816.24px;left:3223.81px;white-space:nowrap">6/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:7078.26px;white-space:nowrap">6/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1432.24px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,199,287</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;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:160px;position:absolute;top:2017.2px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2209.2px;left:6391.14px;white-space:nowrap">2020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:2401.2px;left:2137.91px;letter-spacing:-1.2px;white-space:nowrap">EE,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2401.2px;left:2404.15px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2401.2px;left:3027.02px;white-space:nowrap">6/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:7078.26px;white-space:nowrap">6/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2017.2px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2017.2px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,958,020</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2602.16px;left:779.21px;white-space:nowrap">6,010
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2602.16px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2602.16px;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:160px;position:absolute;top:2602.16px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2602.16px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2602.16px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2602.16px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2602.16px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2602.16px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2602.16px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2602.16px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2602.16px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2794.16px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2794.16px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2794.16px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2794.16px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2794.16px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2794.16px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2794.16px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2794.16px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2794.16px;left:6391.14px;white-space:nowrap">2020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2986.16px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2986.16px;left:2137.91px;letter-spacing:-0.8px;white-space:nowrap">GG-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2986.16px;left:2607.98px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2986.16px;left:3230.85px;white-space:nowrap">6/15/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2602.16px;left:7078.26px;white-space:nowrap">6/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2602.16px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2602.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,360,323</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3187.12px;left:779.21px;white-space:nowrap">2,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3187.12px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3187.12px;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:160px;position:absolute;top:3187.12px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3187.12px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3187.12px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3187.12px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3187.12px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3187.12px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3187.12px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3187.12px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3187.12px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3379.12px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3379.12px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3379.12px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3379.12px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3379.12px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3379.12px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3379.12px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3379.12px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3379.12px;left:6391.14px;white-space:nowrap">2021
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3571.12px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3571.12px;left:2135.03px;letter-spacing:-0.8px;white-space:nowrap">AA-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3571.12px;left:2579.83px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3571.12px;left:3202.7px;white-space:nowrap">6/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3187.12px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3187.12px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3187.12px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,447,525</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3772.07px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3772.07px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3772.07px;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:160px;position:absolute;top:3772.07px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3772.07px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3772.07px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3772.07px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3772.07px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3772.07px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3772.07px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3772.07px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3772.07px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3964.07px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3964.07px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3964.07px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3964.07px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3964.07px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3964.07px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3964.07px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3964.07px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3964.07px;left:6391.14px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4156.07px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4156.07px;left:2135.03px;letter-spacing:-0.8px;white-space:nowrap">AA-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4156.07px;left:2579.83px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4156.07px;left:3202.7px;white-space:nowrap">6/15/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3772.07px;left:7078.26px;white-space:nowrap">6/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3772.07px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3772.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,715,850</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4357.03px;left:779.21px;white-space:nowrap">1,705
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4357.03px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4357.03px;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:160px;position:absolute;top:4357.03px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4357.03px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4357.03px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4357.03px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4357.03px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4357.03px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4357.03px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4357.03px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4357.03px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4549.03px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4549.03px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4549.03px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4549.03px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4549.03px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4549.03px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4549.03px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4549.03px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4549.03px;left:6391.14px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4741.03px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4741.03px;left:2137.91px;letter-spacing:-1.2px;white-space:nowrap">EE,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4741.03px;left:2404.15px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4741.03px;left:3027.02px;white-space:nowrap">6/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4357.03px;left:7078.26px;white-space:nowrap">6/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4357.03px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4357.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,690,047</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4941.99px;left:779.21px;white-space:nowrap">6,855
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4941.99px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4941.99px;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:160px;position:absolute;top:4941.99px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4941.99px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4941.99px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4941.99px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4941.99px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4941.99px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4941.99px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4941.99px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4941.99px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5133.99px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5133.99px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5133.99px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5133.99px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5133.99px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5133.99px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5133.99px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5133.99px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5133.99px;left:6391.14px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5325.99px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5325.99px;left:2135.03px;letter-spacing:-0.8px;white-space:nowrap">AA-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5325.99px;left:2579.83px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5325.99px;left:3202.7px;letter-spacing:-0.53px;white-space:nowrap">6/15/52,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5325.99px;left:3861.88px;white-space:nowrap">(UB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4941.99px;left:6985.46px;white-space:nowrap">12/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4941.99px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4941.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,575,598</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5526.95px;left:779.21px;white-space:nowrap">2,580
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5526.95px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5526.95px;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:160px;position:absolute;top:5526.95px;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:160px;position:absolute;top:5526.95px;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:160px;position:absolute;top:5526.95px;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:160px;position:absolute;top:5526.95px;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:160px;position:absolute;top:5526.95px;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:160px;position:absolute;top:5526.95px;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:160px;position:absolute;top:5526.95px;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:160px;position:absolute;top:5718.95px;left:1656px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5718.95px;left:1976.32px;white-space:nowrap">Drinking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5718.95px;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:160px;position:absolute;top:5718.95px;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:160px;position:absolute;top:5718.95px;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:160px;position:absolute;top:5718.95px;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:160px;position:absolute;top:5718.95px;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:160px;position:absolute;top:5718.95px;left:5565.71px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5718.95px;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:160px;position:absolute;top:5910.95px;left:1656px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5910.95px;left:1979.99px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5910.95px;left:2733.11px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5910.95px;left:3206.54px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5910.95px;left:3813.58px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5910.95px;left:4526.69px;letter-spacing:-1.54px;white-space:nowrap">Projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5910.95px;left:5174.52px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5910.95px;left:5768.91px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6102.95px;left:1656px;letter-spacing:-0.34px;white-space:nowrap">Subordinated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6102.95px;left:2696.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6102.95px;left:3178.38px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6102.95px;left:3738.37px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6102.95px;left:4361.24px;white-space:nowrap">6/15/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5526.95px;left:7078.26px;white-space:nowrap">6/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5526.95px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5526.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,641,456</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6303.91px;left:779.21px;white-space:nowrap">1,940
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6303.91px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6303.91px;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:160px;position:absolute;top:6303.91px;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:160px;position:absolute;top:6303.91px;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:160px;position:absolute;top:6303.91px;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:160px;position:absolute;top:6303.91px;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:160px;position:absolute;top:6303.91px;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:160px;position:absolute;top:6303.91px;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:160px;position:absolute;top:6303.91px;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:160px;position:absolute;top:6495.91px;left:1656px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6495.91px;left:1976.32px;white-space:nowrap">Drinking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6495.91px;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:160px;position:absolute;top:6495.91px;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:160px;position:absolute;top:6495.91px;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:160px;position:absolute;top:6495.91px;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:160px;position:absolute;top:6495.91px;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:160px;position:absolute;top:6495.91px;left:5565.71px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6495.91px;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:160px;position:absolute;top:6495.91px;left:6293.87px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6687.91px;left:1656px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6687.91px;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:160px;position:absolute;top:6687.91px;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:160px;position:absolute;top:6687.91px;left:3489.59px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6687.91px;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:160px;position:absolute;top:6687.91px;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:160px;position:absolute;top:6687.91px;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:160px;position:absolute;top:6879.91px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6879.91px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6879.91px;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:160px;position:absolute;top:6879.91px;left:3320.77px;white-space:nowrap">6/15/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6303.91px;left:7078.26px;white-space:nowrap">6/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6303.91px;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:160px;position:absolute;top:6303.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6303.91px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6303.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,878,735</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7080.87px;left:779.21px;white-space:nowrap">4,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7080.87px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7080.87px;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:160px;position:absolute;top:7080.87px;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:160px;position:absolute;top:7080.87px;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:160px;position:absolute;top:7080.87px;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:160px;position:absolute;top:7080.87px;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:160px;position:absolute;top:7080.87px;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:160px;position:absolute;top:7080.87px;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:160px;position:absolute;top:7080.87px;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:160px;position:absolute;top:7272.87px;left:1656px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7272.87px;left:1976.32px;white-space:nowrap">Drinking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7272.87px;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:160px;position:absolute;top:7272.87px;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:160px;position:absolute;top:7272.87px;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:160px;position:absolute;top:7272.87px;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:160px;position:absolute;top:7272.87px;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:160px;position:absolute;top:7272.87px;left:5565.71px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7272.87px;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:160px;position:absolute;top:7272.87px;left:6293.87px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7464.87px;left:1656px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7464.87px;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:160px;position:absolute;top:7464.87px;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:160px;position:absolute;top:7464.87px;left:3489.59px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7464.87px;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:160px;position:absolute;top:7464.87px;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:160px;position:absolute;top:7464.87px;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:160px;position:absolute;top:7656.87px;left:1656px;letter-spacing:-0.34px;white-space:nowrap">Subordinated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7656.87px;left:2696.47px;white-space:nowrap">SRF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7656.87px;left:3012.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7656.87px;left:3494.38px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7656.87px;left:4054.37px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7656.87px;left:4677.24px;white-space:nowrap">6/15/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7080.87px;left:7078.26px;white-space:nowrap">6/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7080.87px;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:160px;position:absolute;top:7080.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7080.87px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7080.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,242,600</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7857.83px;left:686.41px;white-space:nowrap">10,430
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7857.83px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7857.83px;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:160px;position:absolute;top:7857.83px;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:160px;position:absolute;top:7857.83px;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:160px;position:absolute;top:7857.83px;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:160px;position:absolute;top:7857.83px;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:160px;position:absolute;top:7857.83px;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:160px;position:absolute;top:7857.83px;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:160px;position:absolute;top:7857.83px;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:160px;position:absolute;top:8049.83px;left:1656px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8049.83px;left:1976.32px;white-space:nowrap">Drinking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8049.83px;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:160px;position:absolute;top:8049.83px;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:160px;position:absolute;top:8049.83px;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:160px;position:absolute;top:8049.83px;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:160px;position:absolute;top:8049.83px;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:160px;position:absolute;top:8049.83px;left:5565.71px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8049.83px;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:160px;position:absolute;top:8049.83px;left:6293.87px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8241.83px;left:1656px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8241.83px;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:160px;position:absolute;top:8241.83px;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:160px;position:absolute;top:8241.83px;left:3489.59px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8241.83px;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:160px;position:absolute;top:8241.83px;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:160px;position:absolute;top:8241.83px;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:160px;position:absolute;top:8433.83px;left:1656px;letter-spacing:-0.34px;white-space:nowrap">Subordinated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8433.83px;left:2696.47px;white-space:nowrap">SRF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8433.83px;left:3012.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8433.83px;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:160px;position:absolute;top:8433.83px;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:160px;position:absolute;top:8433.83px;left:4667px;white-space:nowrap">6/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7857.83px;left:7078.26px;white-space:nowrap">6/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7857.83px;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:160px;position:absolute;top:7857.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7857.83px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7857.83px;left:9614.42px;letter-spacing:0px;white-space:nowrap">11,071,236</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8634.79px;left:686.41px;white-space:nowrap">22,340
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8634.79px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8634.79px;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:160px;position:absolute;top:8634.79px;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:160px;position:absolute;top:8634.79px;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:160px;position:absolute;top:8634.79px;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:160px;position:absolute;top:8634.79px;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:160px;position:absolute;top:8634.79px;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:160px;position:absolute;top:8634.79px;left:5772.75px;letter-spacing:-0.19px;white-space:nowrap">Revolving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8826.79px;left:1656px;letter-spacing:-1.12px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8826.79px;left:2138.08px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8826.79px;left:2810.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8826.79px;left:3352.78px;white-space:nowrap">2010
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8826.79px;left:3763.97px;white-space:nowrap">Master
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8826.79px;left:4302.04px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8826.79px;left:5054.52px;letter-spacing:-1.92px;white-space:nowrap">Program,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8826.79px;left:5752.43px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8826.79px;left:6247.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9018.79px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2014B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9018.79px;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:160px;position:absolute;top:9018.79px;left:2828.62px;white-space:nowrap">5/15/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8634.79px;left:7078.26px;white-space:nowrap">5/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8634.79px;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:160px;position:absolute;top:8634.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8634.79px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8634.79px;left:9614.42px;letter-spacing:0px;white-space:nowrap">22,735,195</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9219.75px;left:779.21px;white-space:nowrap">4,365
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9219.75px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9219.75px;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:160px;position:absolute;top:9219.75px;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:160px;position:absolute;top:9219.75px;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:160px;position:absolute;top:9219.75px;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:160px;position:absolute;top:9219.75px;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:160px;position:absolute;top:9219.75px;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:160px;position:absolute;top:9219.75px;left:5772.75px;letter-spacing:-0.19px;white-space:nowrap">Revolving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9411.75px;left:1656px;letter-spacing:-1.12px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9411.75px;left:2138.08px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9411.75px;left:2810.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9411.75px;left:3352.78px;white-space:nowrap">2010
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9411.75px;left:3763.97px;white-space:nowrap">Master
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9411.75px;left:4302.04px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9411.75px;left:5054.52px;letter-spacing:-1.92px;white-space:nowrap">Program,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9411.75px;left:5752.43px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9411.75px;left:6247.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9603.75px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2015B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9603.75px;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:160px;position:absolute;top:9603.75px;left:2828.62px;white-space:nowrap">9/15/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9219.75px;left:7078.26px;white-space:nowrap">3/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9219.75px;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:160px;position:absolute;top:9219.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9219.75px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9219.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,473,077</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9804.71px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9804.71px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9804.71px;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:160px;position:absolute;top:9804.71px;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:160px;position:absolute;top:9804.71px;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:160px;position:absolute;top:9804.71px;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:160px;position:absolute;top:9804.71px;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:160px;position:absolute;top:9804.71px;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:160px;position:absolute;top:9804.71px;left:5772.75px;letter-spacing:-0.19px;white-space:nowrap">Revolving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9996.71px;left:1656px;letter-spacing:-1.12px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9996.71px;left:2138.08px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9996.71px;left:2810.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9996.71px;left:3352.78px;white-space:nowrap">2010
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9996.71px;left:3763.97px;white-space:nowrap">Master
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9996.71px;left:4302.04px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9996.71px;left:5054.52px;letter-spacing:-1.92px;white-space:nowrap">Program,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9996.71px;left:5752.43px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9996.71px;left:6247.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10188.71px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10188.71px;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:160px;position:absolute;top:10188.71px;left:2838.86px;white-space:nowrap">2/15/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9804.71px;left:7078.26px;white-space:nowrap">8/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9804.71px;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:160px;position:absolute;top:9804.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9804.71px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9804.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,334,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10389.67px;left:779.21px;white-space:nowrap">3,095
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10389.67px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10389.67px;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:160px;position:absolute;top:10389.67px;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:160px;position:absolute;top:10389.67px;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:160px;position:absolute;top:10389.67px;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:160px;position:absolute;top:10389.67px;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:160px;position:absolute;top:10389.67px;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:160px;position:absolute;top:10389.67px;left:5772.75px;letter-spacing:-0.19px;white-space:nowrap">Revolving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10581.67px;left:1656px;letter-spacing:-1.12px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10581.67px;left:2138.08px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10581.67px;left:2810.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10581.67px;left:3352.78px;white-space:nowrap">2010
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10581.67px;left:3763.97px;white-space:nowrap">Master
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10581.67px;left:4302.04px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10581.67px;left:5054.52px;letter-spacing:-1.92px;white-space:nowrap">Program,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10581.67px;left:5752.43px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10581.67px;left:6234.34px;letter-spacing:-0.69px;white-space:nowrap">2012B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10773.67px;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:160px;position:absolute;top:10773.67px;left:2278.87px;white-space:nowrap">2/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10389.67px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10389.67px;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:160px;position:absolute;top:10389.67px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10389.67px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10389.67px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,099,364</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10974.63px;left:779.21px;white-space:nowrap">3,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10974.63px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10974.63px;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:160px;position:absolute;top:10974.63px;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:160px;position:absolute;top:10974.63px;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:160px;position:absolute;top:10974.63px;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:160px;position:absolute;top:10974.63px;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:160px;position:absolute;top:10974.63px;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:160px;position:absolute;top:10974.63px;left:5772.75px;letter-spacing:-0.19px;white-space:nowrap">Revolving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11166.63px;left:1656px;letter-spacing:-1.12px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11166.63px;left:2138.08px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11166.63px;left:2810.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11166.63px;left:3352.78px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11166.63px;left:3848.13px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11166.63px;left:4330.05px;letter-spacing:-0.69px;white-space:nowrap">2022B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11166.63px;left:4879.79px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11166.63px;left:5502.66px;white-space:nowrap">9/15/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10974.63px;left:7078.26px;white-space:nowrap">9/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10974.63px;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:160px;position:absolute;top:10974.63px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10974.63px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10974.63px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,346,710</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11367.59px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11367.59px;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:160px;position:absolute;top:11367.59px;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:160px;position:absolute;top:11367.59px;left:2646.23px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11367.59px;left:3130.86px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11367.59px;left:3875.01px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11367.59px;left:4497.08px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11367.59px;left:5169.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11559.59px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11559.59px;left:2137.91px;white-space:nowrap">2020A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11760.55px;left:686.41px;white-space:nowrap">11,440
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11760.55px;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:160px;position:absolute;top:11760.55px;left:2278.87px;white-space:nowrap">11/15/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11760.55px;left:7078.26px;white-space:nowrap">5/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11760.55px;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:160px;position:absolute;top:11760.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11760.55px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11760.55px;left:9615.42px;letter-spacing:0px;white-space:nowrap">10,928,746</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11961.51px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11961.51px;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:160px;position:absolute;top:11961.51px;left:2278.87px;white-space:nowrap">11/15/55
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11961.51px;left:7078.26px;white-space:nowrap">5/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11961.51px;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:160px;position:absolute;top:11961.51px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11961.51px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11961.51px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,672,100</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12162.47px;left:779.21px;white-space:nowrap">3,205
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12162.47px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12162.47px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12162.47px;left:2376.47px;white-space:nowrap">Aqueduct
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12162.47px;left:3140.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12162.47px;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:160px;position:absolute;top:12162.47px;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:160px;position:absolute;top:12162.47px;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:160px;position:absolute;top:12162.47px;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:160px;position:absolute;top:12354.47px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12354.47px;left:2450.55px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12354.47px;left:2960.63px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12354.47px;left:3306.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12354.47px;left:3788.61px;letter-spacing:-0.69px;white-space:nowrap">2021B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12354.47px;left:4338.36px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12354.47px;left:4961.23px;letter-spacing:-0.53px;white-space:nowrap">7/01/37,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12354.47px;left:5620.42px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12162.47px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12162.47px;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:160px;position:absolute;top:12162.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12162.47px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12162.47px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,150,066</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12555.43px;left:913.61px;white-space:nowrap">505
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12555.43px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12555.43px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12555.43px;left:2376.47px;white-space:nowrap">Aqueduct
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12555.43px;left:3140.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12555.43px;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:160px;position:absolute;top:12555.43px;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:160px;position:absolute;top:12555.43px;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:160px;position:absolute;top:12555.43px;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:160px;position:absolute;top:12555.43px;left:6182.83px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12747.43px;left:1656px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12747.43px;left:2002.08px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12747.43px;left:2483.99px;letter-spacing:-0.69px;white-space:nowrap">2008A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12747.43px;left:3043.98px;letter-spacing:-0.6px;white-space:nowrap">6.125%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12747.43px;left:3666.85px;white-space:nowrap">7/01/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12555.43px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12555.43px;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:160px;position:absolute;top:12555.43px;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:160px;position:absolute;top:12555.43px;left:8730.24px;letter-spacing:-1.28px;white-space:nowrap">CCC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12555.43px;left:9841.61px;white-space:nowrap">513,100</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1875.64px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2652.21px;white-space:nowrap">AMT-Free
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4173.61px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5294.57px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6828.96px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:7989.3px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:8816.72px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4681.96px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:5096.61px;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">NRK</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 13688 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">2,230</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">Upper
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2017.91px;white-space:nowrap">Mohawk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2674.23px;letter-spacing:-0.96px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3142.86px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3823.98px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4297.41px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4904.45px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5648.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6017.87px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6411.63px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2216.95px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2889.43px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3431.66px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3913.57px;letter-spacing:-0.8px;white-space:nowrap">2000,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4361.56px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4984.43px;white-space:nowrap">4/01/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5606.82px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5695.14px;letter-spacing:-0.48px;white-space:nowrap">AMBAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:6314.97px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:8781.76px;white-space:nowrap">Aa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,223,711
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">5,090</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:1512px;white-space:nowrap">Utility
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:1965.43px;white-space:nowrap">Debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:2370.71px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:3386.85px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4131px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4500.28px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4895.95px;letter-spacing:-0.14px;white-space:nowrap">Restructuring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:5909.06px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:2932.46px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;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:160px;position:absolute;top:1432.24px;left:4003.32px;white-space:nowrap">12/15/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:6985.46px;white-space:nowrap">12/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1240.24px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,298,995</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:686.41px;white-space:nowrap">22,290
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:1512px;white-space:nowrap">Utility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:1965.43px;white-space:nowrap">Debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:2370.71px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:3386.85px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:4131px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:4500.28px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:4895.95px;letter-spacing:-0.14px;white-space:nowrap">Restructuring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:5909.06px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:6451.29px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">2013TE,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:2289.91px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:2912.78px;white-space:nowrap">12/15/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:6985.46px;white-space:nowrap">12/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1633.2px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:9614.42px;letter-spacing:0px;white-space:nowrap">22,522,039</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:1512px;white-space:nowrap">Utility
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:1965.43px;white-space:nowrap">Debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:2370.71px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3386.85px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:4131px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:4500.28px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:4895.95px;letter-spacing:-0.14px;white-space:nowrap">Restructuring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:2680.14px;white-space:nowrap">2016B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:779.21px;white-space:nowrap">6,750
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:2419.12px;left:2278.87px;white-space:nowrap">12/15/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:7078.26px;white-space:nowrap">6/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2419.12px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:9708.22px;letter-spacing:0px;white-space:nowrap">7,132,455</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:779.21px;white-space:nowrap">3,575
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:2620.07px;left:2278.87px;white-space:nowrap">12/15/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:7078.26px;white-space:nowrap">6/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2620.07px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,766,119</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:779.21px;white-space:nowrap">3,275
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:2821.03px;left:2278.87px;white-space:nowrap">12/15/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:7078.26px;white-space:nowrap">6/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2821.03px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,439,667</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:1512px;white-space:nowrap">Utility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:1965.43px;white-space:nowrap">Debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:2370.71px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:3386.85px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:4131px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:4500.28px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:4895.95px;letter-spacing:-0.14px;white-space:nowrap">Restructuring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:5909.06px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:6451.29px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:1656px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;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:160px;position:absolute;top:3213.99px;left:2726.86px;white-space:nowrap">12/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:6985.46px;white-space:nowrap">12/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3021.99px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,156,300</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:1902.08px;white-space:nowrap">Utilities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:9593.62px;white-space:nowrap">313,162,483
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3615.91px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3615.91px;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:160px;font-weight:bold;position:absolute;top:3615.91px;left:2776.63px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3615.91px;left:3763.97px;white-space:nowrap">(cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3615.91px;left:4175.33px;white-space:nowrap">$1,690,132,054)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3615.91px;left:9262.41px;letter-spacing:0px;white-space:nowrap">1,686,508,608
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3848.87px;left:1512px;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:bold;position:absolute;top:3848.87px;left:2450.55px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3848.87px;left:2542.71px;white-space:nowrap">(0.3)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3848.87px;left:3092.62px;white-space:nowrap">(6)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3848.87px;left:9565.77px;letter-spacing:0px;white-space:nowrap">(2,600,000)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4049.83px;left:1512px;letter-spacing:-0.18px;white-space:nowrap">Floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4049.83px;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:160px;font-weight:bold;position:absolute;top:4049.83px;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:160px;font-weight:bold;position:absolute;top:4049.83px;left:3533.57px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4049.83px;left:3625.73px;white-space:nowrap">(3.3)%&#160;&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4049.83px;left:9462.41px;letter-spacing:0px;white-space:nowrap">(33,480,000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4250.79px;left:1512px;white-space:nowrap">MFP
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4250.79px;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:160px;font-weight:bold;position:absolute;top:4250.79px;left:2497.75px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4250.79px;left:2819.02px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4250.79px;left:2911.18px;white-space:nowrap">(7.8)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4250.79px;left:3461.1px;white-space:nowrap">(7)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4250.79px;left:9462.41px;letter-spacing:0px;white-space:nowrap">(79,592,302)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4451.75px;left:1512px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4451.75px;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:160px;font-weight:bold;position:absolute;top:4451.75px;left:2591.83px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4451.75px;left:2913.1px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4451.75px;left:3005.26px;white-space:nowrap">(56.7)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4451.75px;left:3658.54px;white-space:nowrap">(8)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4451.75px;left:9359.05px;letter-spacing:0px;white-space:nowrap">(582,141,668)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4652.71px;left:1512px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4652.71px;left:2002.24px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4652.71px;left:2540.31px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4652.71px;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:160px;font-weight:bold;position:absolute;top:4652.71px;left:3536.13px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4652.71px;left:3857.4px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4652.71px;left:3949.56px;white-space:nowrap">3.8%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4652.71px;left:9517.13px;letter-spacing:0px;white-space:nowrap">37,639,545
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4853.67px;left:1512px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4853.67px;left:1830.4px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4853.67px;left:2365.59px;white-space:nowrap">Applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4853.67px;left:3247.02px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4853.67px;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:160px;font-weight:bold;position:absolute;top:4853.67px;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:160px;font-weight:bold;position:absolute;top:4853.67px;left:4748.76px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4853.67px;left:4840.92px;white-space:nowrap">100%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4853.67px;left:9072px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4853.67px;left:9262.41px;letter-spacing:0px;white-space:nowrap">1,026,334,183</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5144.63px;left:0px;white-space:nowrap">(1)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5144.63px;left:648px;white-space:nowrap">All
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5144.63px;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:160px;position:absolute;top:5144.63px;left:1832.79px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5144.63px;left:2347.18px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5144.63px;left:2520.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5144.63px;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:160px;position:absolute;top:5144.63px;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:160px;position:absolute;top:5144.63px;left:3632.92px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5144.63px;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:160px;position:absolute;top:5144.63px;left:4818.02px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5144.63px;left:5309.85px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5144.63px;left:5540.57px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5144.63px;left:5815.77px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5144.63px;left:6296.55px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5144.63px;left:7104.71px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5144.63px;left:7293.19px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5144.63px;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:160px;position:absolute;top:5144.63px;left:8491.25px;white-space:nowrap">unless
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5144.63px;left:8991.08px;white-space:nowrap">otherwise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5144.63px;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:160px;position:absolute;top:5345.59px;left:0px;white-space:nowrap">(2)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5345.59px;left:648px;white-space:nowrap">Optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5345.59px;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:160px;position:absolute;top:5345.59px;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:160px;position:absolute;top:5345.59px;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:160px;position:absolute;top:5345.59px;left:2925.89px;white-space:nowrap">(month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5345.59px;left:3489.88px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5345.59px;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:160px;position:absolute;top:5345.59px;left:4209.87px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5345.59px;left:4530.19px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5345.59px;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:160px;position:absolute;top:5345.59px;left:5200.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5345.59px;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:160px;position:absolute;top:5345.59px;left:6043.44px;white-space:nowrap">optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5345.59px;left:6690px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5345.59px;left:6976.08px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5345.59px;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:160px;position:absolute;top:5345.59px;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:160px;position:absolute;top:5345.59px;left:8567.74px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5345.59px;left:8912.54px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5345.59px;left:9145.97px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5345.59px;left:9576.85px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5345.59px;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:160px;position:absolute;top:5345.59px;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:160px;position:absolute;top:5537.59px;left:648px;white-space:nowrap">varying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5537.59px;left:1221.27px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5537.59px;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:160px;position:absolute;top:5537.59px;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:160px;position:absolute;top:5537.59px;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:160px;position:absolute;top:5537.59px;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:160px;position:absolute;top:5537.59px;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:160px;position:absolute;top:5537.59px;left:4642.35px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5537.59px;left:5368.73px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5537.59px;left:5713.53px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5537.59px;left:5946.97px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5537.59px;left:6515.28px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5537.59px;left:6703.75px;white-space:nowrap">periodic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5537.59px;left:7354.15px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5537.59px;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:160px;position:absolute;top:5537.59px;left:8898.61px;white-space:nowrap">Optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5537.59px;left:9583.4px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5537.59px;left:9901.8px;letter-spacing:-0.96px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5537.59px;left:10670.27px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5729.59px;left:648px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5729.59px;left:929.44px;letter-spacing:-0.36px;white-space:nowrap">covered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5729.59px;left:1564.95px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5729.59px;left:1784.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5729.59px;left:2060.46px;letter-spacing:-0.69px;white-space:nowrap">report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5729.59px;left:2552.45px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5729.59px;left:2741.25px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5729.59px;left:3730.84px;letter-spacing:-0.52px;white-space:nowrap">registered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5729.59px;left:4519.62px;white-space:nowrap">public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5729.59px;left:5016.42px;white-space:nowrap">accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5729.59px;left:5870.33px;text-rendering:optimizeLegibility;letter-spacing:-0.96px;white-space:nowrap">firm.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:0px;white-space:nowrap">(3)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:648px;letter-spacing:-1.92px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:925.6px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:1569.75px;letter-spacing:-0.48px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:2295.82px;letter-spacing:-0.48px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:3057.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:3333.24px;letter-spacing:-0.44px;white-space:nowrap">ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:3868.6px;white-space:nowrap">disclosed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:4604.11px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:4875.78px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:5151.3px;white-space:nowrap">highest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:5732.25px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:5921.04px;letter-spacing:-0.43px;white-space:nowrap">Standard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:6623.44px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:6776.08px;letter-spacing:-2.19px;white-space:nowrap">Poor&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:7253.19px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:7764.86px;letter-spacing:-0.35px;white-space:nowrap">(&#8220;Standard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:8577.17px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:8729.81px;letter-spacing:-2.02px;white-space:nowrap">Poor&#8217;s&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:9353.63px;letter-spacing:-0.96px;white-space:nowrap">Moody&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5930.55px;left:10009.78px;white-space:nowrap">Investors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:648px;letter-spacing:-0.53px;white-space:nowrap">Service,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:1253.75px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:1545.11px;letter-spacing:-0.64px;white-space:nowrap">(&#8220;Moody&#8217;s&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:2421.09px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:2616.45px;letter-spacing:-1.1px;white-space:nowrap">Fitch,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:3044.29px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:3335.64px;letter-spacing:-0.29px;white-space:nowrap">(&#8220;Fitch&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:3946.52px;letter-spacing:-1.04px;white-space:nowrap">rating.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:4443.79px;letter-spacing:-0.58px;white-space:nowrap">This
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:4776.43px;letter-spacing:-0.54px;white-space:nowrap">treatment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:5523.46px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:5712.25px;letter-spacing:-0.29px;white-space:nowrap">split-rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:6490.8px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:7217.19px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:7561.98px;letter-spacing:-0.41px;white-space:nowrap">differ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:7984.54px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:8365.5px;letter-spacing:-0.32px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:8684.05px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:9081.49px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:9324.04px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6122.55px;left:9754.91px;letter-spacing:-0.48px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:648px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:1025.28px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:1221.75px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:1464.31px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:1875.35px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:2716.13px;letter-spacing:-0.48px;white-space:nowrap">policies.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:3355.17px;letter-spacing:-0.44px;white-space:nowrap">Ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:3928.76px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:4419.63px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:4764.91px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:4984.9px;letter-spacing:-0.43px;white-space:nowrap">Standard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:5687.3px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:5839.94px;letter-spacing:-2.52px;white-space:nowrap">Poor&#8217;s,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:6353.84px;white-space:nowrap">Baa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:6666.48px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:6886.48px;letter-spacing:-0.96px;white-space:nowrap">Moody&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:7542.63px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:7737.99px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:8083.26px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:8303.26px;letter-spacing:-0.48px;white-space:nowrap">Fitch
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:8694.29px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:8965.97px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:9829.32px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:10017.8px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6314.55px;left:10251.23px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:648px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:1488.79px;letter-spacing:-0.96px;white-space:nowrap">grade.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:2001.26px;white-space:nowrap">Holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:2701.25px;letter-spacing:-0.15px;white-space:nowrap">designated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:3567.8px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:3885.08px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:4156.75px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:4438.19px;letter-spacing:-0.59px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:4861.86px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:5081.86px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:5378.34px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:5567.13px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:6005.2px;letter-spacing:-0.18px;white-space:nowrap">national
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:6629.2px;letter-spacing:-0.5px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:7093.51px;letter-spacing:-0.48px;white-space:nowrap">agencies.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:7823.9px;letter-spacing:-0.44px;white-space:nowrap">Ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:8397.5px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:8669.17px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:8950.61px;letter-spacing:-0.36px;white-space:nowrap">covered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:9586.12px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:9806.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:10081.64px;letter-spacing:-0.69px;white-space:nowrap">report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.55px;left:10573.63px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6698.55px;left:648px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6698.55px;left:1637.59px;letter-spacing:-0.52px;white-space:nowrap">registered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6698.55px;left:2426.37px;white-space:nowrap">public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6698.55px;left:2923.17px;white-space:nowrap">accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6698.55px;left:3777.08px;text-rendering:optimizeLegibility;letter-spacing:-0.96px;white-space:nowrap">firm.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6899.51px;left:0px;white-space:nowrap">(4)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6899.51px;left:648px;letter-spacing:-0.4px;white-space:nowrap">Investment,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6899.51px;left:1527.18px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6899.51px;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:160px;position:absolute;top:6899.51px;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:160px;position:absolute;top:6899.51px;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:160px;position:absolute;top:6899.51px;left:3365.4px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6899.51px;left:3655.15px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6899.51px;left:4073.07px;white-space:nowrap">pledged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6899.51px;left:4742.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6899.51px;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:160px;position:absolute;top:6899.51px;left:5839.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6899.51px;left:6115.12px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6899.51px;left:6390.31px;white-space:nowrap">payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6899.51px;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:160px;position:absolute;top:6899.51px;left:7929.34px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6899.51px;left:8171.89px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6899.51px;left:9083.72px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6899.51px;left:9256.67px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6899.51px;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:160px;position:absolute;top:6899.51px;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:160px;position:absolute;top:7091.51px;left:648px;letter-spacing:-0.52px;white-space:nowrap">transactions.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7292.47px;left:0px;white-space:nowrap">(5)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7292.47px;left:648px;letter-spacing:-0.41px;white-space:nowrap">Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7292.47px;left:1227.36px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7292.47px;left:1447.35px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7292.47px;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:160px;position:absolute;top:7292.47px;left:2220.14px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7292.47px;left:2415.5px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7292.47px;left:2778.53px;white-space:nowrap">containing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7292.47px;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:160px;position:absolute;top:7292.47px;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:160px;position:absolute;top:7292.47px;left:4601.39px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7292.47px;left:5560.42px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7292.47px;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:160px;position:absolute;top:7292.47px;left:6074.17px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7292.47px;left:7033.2px;white-space:nowrap">agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7292.47px;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:160px;position:absolute;top:7292.47px;left:8365.5px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7292.47px;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:160px;position:absolute;top:7292.47px;left:9366.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7292.47px;left:9641.64px;white-space:nowrap">timely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7292.47px;left:10123.55px;white-space:nowrap">payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7292.47px;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:160px;position:absolute;top:7484.47px;left:648px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7484.47px;left:1327.51px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7484.47px;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:160px;position:absolute;top:7685.43px;left:0px;white-space:nowrap">(6)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7685.43px;left:648px;letter-spacing:-0.26px;white-space:nowrap">Borrowings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7685.43px;left:1522.06px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7685.43px;left:1718.54px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7685.43px;left:1843.98px;letter-spacing:-0.26px;white-space:nowrap">percentage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7685.43px;left:2725.09px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7685.43px;left:2910.05px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7685.43px;left:3300.12px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7685.43px;left:4213.55px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7685.43px;left:4364.58px;letter-spacing:-0.96px;white-space:nowrap">0.2%.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7886.39px;left:0px;white-space:nowrap">(7)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7886.39px;left:648px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7886.39px;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:160px;position:absolute;top:7886.39px;left:1575.51px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7886.39px;left:1879.98px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7886.39px;left:2076.46px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7886.39px;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:160px;position:absolute;top:7886.39px;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:160px;position:absolute;top:7886.39px;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:160px;position:absolute;top:7886.39px;left:3658.04px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7886.39px;left:4571.46px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7886.39px;left:4722.5px;letter-spacing:-0.96px;white-space:nowrap">4.7%.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8087.35px;left:0px;white-space:nowrap">(8)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8087.35px;left:648px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8087.35px;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:160px;position:absolute;top:8087.35px;left:1660.47px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8087.35px;left:1964.94px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8087.35px;left:2161.42px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8087.35px;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:160px;position:absolute;top:8087.35px;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:160px;position:absolute;top:8087.35px;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:160px;position:absolute;top:8087.35px;left:3743px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8087.35px;left:4656.42px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8087.35px;left:4807.46px;letter-spacing:-0.8px;white-space:nowrap">34.5%.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8368.3px;left:0px;letter-spacing:-0.72px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8368.3px;left:648px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8368.3px;left:1490.39px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8368.3px;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:160px;position:absolute;top:8368.3px;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:160px;position:absolute;top:8368.3px;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:160px;position:absolute;top:8368.3px;left:3484.6px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8368.3px;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:160px;position:absolute;top:8368.3px;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:160px;position:absolute;top:8368.3px;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:160px;position:absolute;top:8368.3px;left:4936.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8368.3px;left:5212.1px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8368.3px;left:5954.81px;white-space:nowrap">Act
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8368.3px;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:160px;position:absolute;top:8368.3px;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:160px;position:absolute;top:8368.3px;left:6874.31px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8368.3px;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:160px;position:absolute;top:8368.3px;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:160px;position:absolute;top:8368.3px;left:8325.98px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8368.3px;left:9237.8px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8368.3px;left:9582.6px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8368.3px;left:9931.71px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8560.3px;left:648px;letter-spacing:-0.41px;white-space:nowrap">resold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8560.3px;left:1145.27px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8560.3px;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:160px;position:absolute;top:8560.3px;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:160px;position:absolute;top:8560.3px;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:160px;position:absolute;top:8560.3px;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:160px;position:absolute;top:8560.3px;left:4111.95px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8560.3px;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:160px;position:absolute;top:8560.3px;left:4849.55px;white-space:nowrap">normally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8560.3px;left:5523.3px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8560.3px;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:160px;position:absolute;top:8560.3px;left:6881.35px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8560.3px;left:7224.71px;text-rendering:optimizeLegibility;white-space:nowrap">qualified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8560.3px;left:7905.5px;white-space:nowrap">institutional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8560.3px;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:160px;position:absolute;top:8761.26px;left:0px;white-space:nowrap">UB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8761.26px;left:648px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8761.26px;left:1498.07px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8761.26px;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:160px;position:absolute;top:8761.26px;left:2121.42px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8761.26px;left:2339.82px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8761.26px;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:160px;position:absolute;top:8761.26px;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:160px;position:absolute;top:8761.26px;left:3817.72px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8761.26px;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:160px;position:absolute;top:8761.26px;left:4869.7px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8761.26px;left:5066.17px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8761.26px;left:5191.61px;text-rendering:optimizeLegibility;white-space:nowrap">financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8761.26px;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">41</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:1501.35px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:2411.54px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:3409.98px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:5382.77px;white-space:nowrap">Value
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:6536.43px;white-space:nowrap">Fund</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:399.75px;left:3067.03px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:399.75px;left:4271.13px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:399.75px;left:4723.48px;white-space:nowrap">2023</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">NNY</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11928 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.98px;white-space:nowrap">Provisions</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.5px;white-space:nowrap">Ratings</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:464.96px;left:3768.62px;white-space:nowrap">99.4%&#160;(100.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:733.92px;left:312.62px;letter-spacing:0px;white-space:nowrap">166,729,344
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:733.92px;left:3171.66px;white-space:nowrap">99.4%&#160;&#160;(100.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:801.92px;left:9521.62px;letter-spacing:0px;white-space:nowrap">166,729,344</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:1116.24px;left:3040.94px;white-space:nowrap">3.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1116.24px;left:3481.42px;white-space:nowrap">(3.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:1385.2px;left:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:913.61px;white-space:nowrap">175
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:1512px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:2063.19px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:2251.99px;letter-spacing:-0.21px;white-space:nowrap">Columbia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:3001.1px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:3659.82px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:4489.4px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:5451.31px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:6110.03px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1577.2px;left:3225.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:3707.01px;letter-spacing:-0.8px;white-space:nowrap">2001,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:4155px;letter-spacing:-0.6px;white-space:nowrap">6.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:4777.87px;white-space:nowrap">5/15/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;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:160px;position:absolute;top:1385.2px;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:160px;position:absolute;top:1385.2px;left:8867.2px;white-space:nowrap">A2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1385.2px;left:9841.61px;white-space:nowrap">179,020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:779.21px;white-space:nowrap">1,100</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:1512px;white-space:nowrap">Erie
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:1835.84px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:2397.75px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:3053.59px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:3489.9px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:4508.92px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:5474.67px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:5843.95px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:6235.78px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;left:1656px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;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:160px;position:absolute;top:1970.16px;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:160px;position:absolute;top:1970.16px;left:4051.81px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;left:4533.72px;letter-spacing:-0.69px;white-space:nowrap">2005A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;left:5093.71px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;left:5716.58px;white-space:nowrap">6/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;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:160px;position:absolute;top:1778.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:8766.73px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,052,381</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;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:160px;position:absolute;top:2171.12px;left:2240.15px;letter-spacing:-0.21px;white-space:nowrap">Counties
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;left:2926.54px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;left:3581.42px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;left:3967.65px;letter-spacing:-1.2px;white-space:nowrap">VI,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;left:4185.73px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;left:4555.01px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;left:4946.84px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2363.12px;left:1656px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2363.12px;left:2485.59px;letter-spacing:-1.18px;white-space:nowrap">Pass-Through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2363.12px;left:3494.53px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2363.12px;left:4036.76px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2363.12px;left:4518.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2363.12px;left:5000.59px;white-space:nowrap">2016A-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:913.61px;white-space:nowrap">650
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;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:160px;position:absolute;top:2564.07px;left:2278.87px;white-space:nowrap">6/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;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:160px;position:absolute;top:2564.07px;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:160px;position:absolute;top:2564.07px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2564.07px;left:9842.61px;letter-spacing:0px;white-space:nowrap">668,779</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2765.03px;left:779.21px;white-space:nowrap">3,440
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2765.03px;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:160px;position:absolute;top:2765.03px;left:2278.87px;white-space:nowrap">6/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2765.03px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2765.03px;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:160px;position:absolute;top:2765.03px;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:160px;position:absolute;top:2765.03px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2765.03px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,561,638</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2965.99px;left:913.61px;white-space:nowrap">500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2965.99px;left:1512px;white-space:nowrap">TSASC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2965.99px;left:2050.87px;letter-spacing:-0.8px;white-space:nowrap">Inc.,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2965.99px;left:2383.83px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2965.99px;left:2753.11px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2965.99px;left:3144.94px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2965.99px;left:3803.66px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2965.99px;left:4630.37px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2965.99px;left:5657.23px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2965.99px;left:6199.47px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3157.99px;left:1656px;white-space:nowrap">2017
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3157.99px;left:2067.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3157.99px;left:2549.1px;letter-spacing:-1.6px;white-space:nowrap">B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3157.99px;left:2727.66px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3157.99px;left:3350.53px;white-space:nowrap">6/01/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2965.99px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2965.99px;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:160px;position:absolute;top:2965.99px;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:160px;position:absolute;top:2965.99px;left:8919.04px;white-space:nowrap">B-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2965.99px;left:9841.61px;white-space:nowrap">491,135</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3358.95px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3358.95px;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:160px;position:absolute;top:3358.95px;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:160px;position:absolute;top:3358.95px;left:9779.22px;white-space:nowrap">5,952,953
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3673.27px;left:1512px;letter-spacing:-0.16px;white-space:nowrap">Education
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3673.27px;left:2328.63px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3673.27px;left:2663.03px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3673.27px;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:160px;font-weight:bold;position:absolute;top:3673.27px;left:4211.65px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3673.27px;left:4303.81px;white-space:nowrap">17.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3673.27px;left:4847.64px;white-space:nowrap">(17.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3673.27px;left:5446.2px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3673.27px;left:5645.55px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3673.27px;left:6062.03px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3942.23px;left:913.61px;white-space:nowrap">700</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3942.23px;left:1512px;letter-spacing:-0.36px;white-space:nowrap">Buffalo
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3942.23px;left:2061.76px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3942.23px;left:2382.07px;white-space:nowrap">Erie
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3942.23px;left:2705.91px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3942.23px;left:3271.66px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3942.23px;left:3986.21px;white-space:nowrap">Land
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3942.23px;left:4388.13px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3942.23px;left:5426.51px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3942.23px;left:6392.26px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4134.23px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4134.23px;left:2051.67px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4134.23px;left:2724.15px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4134.23px;left:3266.38px;white-space:nowrap">Enterprise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4134.23px;left:4055.64px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4134.23px;left:4645.07px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4134.23px;left:5184.43px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4134.23px;left:5761.22px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4134.23px;left:6243.13px;letter-spacing:-0.69px;white-space:nowrap">2011A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4326.23px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">7.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4326.23px;left:2278.87px;white-space:nowrap">12/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3942.23px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3942.23px;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:160px;position:absolute;top:3942.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3942.23px;left:8730.24px;letter-spacing:-1.28px;white-space:nowrap">CCC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3942.23px;left:9841.61px;white-space:nowrap">627,270</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:779.21px;white-space:nowrap">1,250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:1512px;white-space:nowrap">Build
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:1928.96px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:2298.23px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:2657.11px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:2981.1px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:3694.53px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:4660.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:5029.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:5425.23px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:6097.71px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4719.19px;left:1656px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4719.19px;left:1979.99px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4719.19px;left:2733.58px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4719.19px;left:2922.38px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4719.19px;left:3291.65px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4719.19px;left:3650.53px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4719.19px;left:3741.73px;white-space:nowrap">Queens
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4719.19px;left:4356.6px;letter-spacing:-0.75px;white-space:nowrap">College,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4719.19px;left:5009.23px;white-space:nowrap">Q
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4719.19px;left:5184.11px;letter-spacing:-0.12px;white-space:nowrap">Student
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4719.19px;left:5794.18px;letter-spacing:-0.56px;white-space:nowrap">Residences,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4911.19px;left:1656px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4911.19px;left:1969.6px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4911.19px;left:2546.39px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4911.19px;left:3340.94px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4911.19px;left:3822.85px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4911.19px;left:4382.84px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4911.19px;left:5005.71px;white-space:nowrap">6/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:7078.26px;white-space:nowrap">6/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;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:160px;position:absolute;top:4527.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,259,275</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:779.21px;white-space:nowrap">1,015
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:1512px;white-space:nowrap">Build
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:1928.96px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:2298.23px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:2657.11px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:2981.1px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:3694.53px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:4660.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:5029.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:5425.23px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:6097.71px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5304.15px;left:1656px;white-space:nowrap">KIPP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5304.15px;left:2023.67px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5304.15px;left:2392.95px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5304.15px;left:2751.83px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5304.15px;left:3075.82px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5304.15px;left:3556.14px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5304.15px;left:4095.49px;letter-spacing:-1.04px;white-space:nowrap">Facilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5304.15px;left:4793.57px;letter-spacing:-0.48px;white-space:nowrap">Canal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5304.15px;left:5248.12px;letter-spacing:-1.15px;white-space:nowrap">West
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5304.15px;left:5651.16px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5304.15px;left:6227.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5496.15px;left:1656px;letter-spacing:-0.8px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5496.15px;left:2103.99px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5496.15px;left:2726.86px;white-space:nowrap">7/01/62
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;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:160px;position:absolute;top:5112.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,020,958</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5697.11px;left:1512px;white-space:nowrap">Build
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5697.11px;left:1928.96px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5697.11px;left:2298.23px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5697.11px;left:2657.11px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5697.11px;left:2981.1px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5697.11px;left:3694.53px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5697.11px;left:4660.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5697.11px;left:5029.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5889.11px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5889.11px;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:160px;position:absolute;top:5889.11px;left:2870.7px;white-space:nowrap">South
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5889.11px;left:3335.66px;letter-spacing:-0.48px;white-space:nowrap">Bronx
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5889.11px;left:3800.29px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5889.11px;left:4389.72px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5889.11px;left:4929.08px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6081.11px;left:1656px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6081.11px;left:2614.39px;letter-spacing:-0.32px;white-space:nowrap">Cultures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6081.11px;left:3263.81px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6081.11px;left:3584.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6081.11px;left:3856.77px;letter-spacing:-0.38px;white-space:nowrap">Arts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6081.11px;left:4186.2px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6081.11px;left:4762.99px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6081.11px;left:5244.91px;white-space:nowrap">2013A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6282.07px;left:913.61px;white-space:nowrap">265
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6282.07px;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:160px;position:absolute;top:6282.07px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">4/15/33,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6282.07px;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:160px;position:absolute;top:6282.07px;left:7078.26px;white-space:nowrap">4/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6282.07px;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:160px;position:absolute;top:6282.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6282.07px;left:8761.93px;white-space:nowrap">BB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6282.07px;left:9842.61px;letter-spacing:0px;white-space:nowrap">261,878</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6483.03px;left:913.61px;white-space:nowrap">385
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6483.03px;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:160px;position:absolute;top:6483.03px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">4/15/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6483.03px;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:160px;position:absolute;top:6483.03px;left:7078.26px;white-space:nowrap">4/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6483.03px;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:160px;position:absolute;top:6483.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6483.03px;left:8761.93px;white-space:nowrap">BB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6483.03px;left:9842.61px;letter-spacing:0px;white-space:nowrap">361,723</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6683.99px;left:913.61px;white-space:nowrap">230
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6683.99px;left:1512px;white-space:nowrap">Build
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6683.99px;left:1928.96px;letter-spacing:-0.96px;white-space:nowrap">NYC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6683.99px;left:2298.87px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6683.99px;left:3012.31px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6683.99px;left:3978.05px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6683.99px;left:4347.33px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6683.99px;left:4743px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6683.99px;left:5415.48px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6683.99px;left:5957.71px;letter-spacing:-1.1px;white-space:nowrap">Family
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6683.99px;left:6465.07px;white-space:nowrap">Life
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6875.99px;left:1656px;white-space:nowrap">Academy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6875.99px;left:2386.23px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6875.99px;left:2975.66px;letter-spacing:-0.6px;white-space:nowrap">School,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6875.99px;left:3551.82px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6875.99px;left:4033.73px;letter-spacing:-0.53px;white-space:nowrap">2020C-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6875.99px;left:4740.91px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6875.99px;left:5363.78px;letter-spacing:-0.53px;white-space:nowrap">6/01/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6875.99px;left:6022.97px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6683.99px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6683.99px;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:160px;position:absolute;top:6683.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6683.99px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6683.99px;left:9841.61px;white-space:nowrap">187,903</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:913.61px;white-space:nowrap">515
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:5450.34px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:6122.82px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7268.95px;left:1656px;white-space:nowrap">Saint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7268.95px;left:2053.44px;white-space:nowrap">Johns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7268.95px;left:2527.19px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7268.95px;left:3311.82px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7268.95px;left:3793.73px;letter-spacing:-0.69px;white-space:nowrap">2013A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7268.95px;left:4353.72px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7268.95px;left:4976.59px;white-space:nowrap">7/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:7078.26px;white-space:nowrap">7/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;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:160px;position:absolute;top:7076.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7076.95px;left:9841.61px;white-space:nowrap">515,824</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7469.91px;left:913.61px;white-space:nowrap">895
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7469.91px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7469.91px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7469.91px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7469.91px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7469.91px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7469.91px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7469.91px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7469.91px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7469.91px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7469.91px;left:5450.34px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7469.91px;left:6122.82px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7661.91px;left:1656px;letter-spacing:-1.8px;white-space:nowrap">Yeshiva
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7661.91px;left:2237.27px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7661.91px;left:3021.9px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7661.91px;left:3503.81px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7661.91px;left:4063.8px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7661.91px;left:4686.67px;white-space:nowrap">7/15/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7469.91px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7469.91px;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:160px;position:absolute;top:7469.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7469.91px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7469.91px;left:9841.61px;white-space:nowrap">875,802</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7862.87px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7862.87px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7862.87px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7862.87px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7862.87px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7862.87px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7862.87px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7862.87px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7862.87px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7862.87px;left:4828.27px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7862.87px;left:5478.98px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7862.87px;left:6151.45px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8054.87px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">Fashion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8054.87px;left:2258.71px;white-space:nowrap">Institute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8054.87px;left:2880.94px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8054.87px;left:3065.9px;letter-spacing:-2.16px;white-space:nowrap">Technology,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8054.87px;left:3985.57px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8054.87px;left:4467.48px;letter-spacing:-0.8px;white-space:nowrap">2007,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8054.87px;left:4915.47px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8054.87px;left:5538.34px;white-space:nowrap">7/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8054.87px;left:6160.73px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8054.87px;left:6251.93px;white-space:nowrap">FGIC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8246.87px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7862.87px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7862.87px;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:160px;position:absolute;top:7862.87px;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:160px;position:absolute;top:7862.87px;left:8706.57px;white-space:nowrap">Baa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7862.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,048,660</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8447.83px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8447.83px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8447.83px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8447.83px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8447.83px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8447.83px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8447.83px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8447.83px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8447.83px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8639.83px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8639.83px;left:2198.23px;white-space:nowrap">Icahn
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8639.83px;left:2631.51px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8639.83px;left:3170.86px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8639.83px;left:3359.66px;white-space:nowrap">Medicine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8639.83px;left:4079.33px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8639.83px;left:4253.89px;white-space:nowrap">Mount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8639.83px;left:4770.04px;letter-spacing:-0.69px;white-space:nowrap">Sinai,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8831.83px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8831.83px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8831.83px;left:2932.46px;white-space:nowrap">2015A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9032.79px;left:779.21px;white-space:nowrap">1,330
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9032.79px;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:160px;position:absolute;top:9032.79px;left:2278.87px;white-space:nowrap">7/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9032.79px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9032.79px;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:160px;position:absolute;top:9032.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9032.79px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9032.79px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,346,665</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9233.75px;left:779.21px;white-space:nowrap">2,180
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9233.75px;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:160px;position:absolute;top:9233.75px;left:2278.87px;white-space:nowrap">7/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9233.75px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9233.75px;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:160px;position:absolute;top:9233.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9233.75px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9233.75px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,196,633</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9434.71px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9434.71px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9434.71px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9434.71px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9434.71px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9434.71px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9434.71px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9434.71px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9434.71px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9626.71px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9626.71px;left:2198.23px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9626.71px;left:2571.35px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9626.71px;left:3110.7px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9626.71px;left:3895.33px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9626.71px;left:4377.24px;white-space:nowrap">2015A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9827.66px;left:779.21px;white-space:nowrap">1,820
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9827.66px;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:160px;position:absolute;top:9827.66px;left:2278.87px;white-space:nowrap">7/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9827.66px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9827.66px;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:160px;position:absolute;top:9827.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9827.66px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9827.66px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,841,895</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:913.61px;white-space:nowrap">385
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:2290.72px;letter-spacing:0px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:3003.51px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:3191.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:3467.2px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:3872.96px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:4061.44px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:4430.4px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:4825.76px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:5497.92px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:6039.84px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:6412.64px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10220.62px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10220.62px;left:2440.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10220.62px;left:2922.54px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10220.62px;left:3482.53px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10220.62px;left:4105.4px;white-space:nowrap">7/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;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:160px;position:absolute;top:10028.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:9841.61px;white-space:nowrap">334,630</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10613.58px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10613.58px;left:2198.23px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10613.58px;left:2567.51px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10613.58px;left:2926.38px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10613.58px;left:3711.01px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10613.58px;left:4192.92px;white-space:nowrap">2015A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:913.61px;white-space:nowrap">960
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;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:160px;position:absolute;top:10814.54px;left:2278.87px;white-space:nowrap">7/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;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:160px;position:absolute;top:10814.54px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:9842.61px;letter-spacing:0px;white-space:nowrap">993,437</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11015.5px;left:913.61px;white-space:nowrap">825
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11015.5px;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:160px;position:absolute;top:11015.5px;left:2278.87px;white-space:nowrap">7/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11015.5px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11015.5px;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:160px;position:absolute;top:11015.5px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11015.5px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11015.5px;left:9842.61px;letter-spacing:0px;white-space:nowrap">840,922</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11216.46px;left:779.21px;white-space:nowrap">2,385
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11216.46px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11216.46px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11216.46px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11216.46px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11216.46px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11216.46px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11216.46px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11216.46px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11216.46px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11216.46px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11216.46px;left:6042.97px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11216.46px;left:6412.25px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11408.46px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11408.46px;left:2440.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11408.46px;left:2922.54px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11408.46px;left:3482.53px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11408.46px;left:4105.4px;white-space:nowrap">7/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11216.46px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11216.46px;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:160px;position:absolute;top:11216.46px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11216.46px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11216.46px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,501,412</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.42px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.42px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.42px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.42px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.42px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.42px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.42px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.42px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.42px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11801.42px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11801.42px;left:2198.23px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11801.42px;left:2567.51px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11801.42px;left:2926.38px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11801.42px;left:3711.01px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11801.42px;left:4192.92px;white-space:nowrap">2018A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.38px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.38px;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:160px;position:absolute;top:12002.38px;left:2278.87px;white-space:nowrap">7/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.38px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.38px;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:160px;position:absolute;top:12002.38px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.38px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.38px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,071,540</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12203.34px;left:913.61px;white-space:nowrap">175
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12203.34px;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:160px;position:absolute;top:12203.34px;left:2278.87px;white-space:nowrap">7/01/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12203.34px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12203.34px;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:160px;position:absolute;top:12203.34px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12203.34px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12203.34px;left:9842.61px;letter-spacing:0px;white-space:nowrap">185,495</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1875.64px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2652.21px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4186.6px;white-space:nowrap">Value
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5083.89px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:5911.31px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4681.96px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:5096.61px;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">NNY</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12756 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6042.97px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6412.25px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2440.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2922.54px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3482.53px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4105.4px;white-space:nowrap">7/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,144,400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">2,625</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:6042.97px;letter-spacing:-0.4px;white-space:nowrap">Rockefeller
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:2440.63px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:2935.98px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3417.89px;letter-spacing:-0.69px;white-space:nowrap">2019B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3967.64px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:4590.51px;white-space:nowrap">7/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">7/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1240.24px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,792,029</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:913.61px;white-space:nowrap">670
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:6042.97px;letter-spacing:-0.4px;white-space:nowrap">Rockefeller
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:2440.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:2922.54px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:3482.53px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:4105.4px;white-space:nowrap">7/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1633.2px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:9841.61px;white-space:nowrap">642,999</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:913.61px;white-space:nowrap">845
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:6040.1px;letter-spacing:-0.96px;white-space:nowrap">Vaughn
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:2271.83px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:2457.75px;letter-spacing:-0.24px;white-space:nowrap">Aeronautics
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:3366.86px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:3515.66px;letter-spacing:-2.16px;white-space:nowrap">Technology,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:4435.33px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:4917.24px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:5477.23px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:6100.1px;letter-spacing:-0.48px;white-space:nowrap">12/01/36,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:6985.46px;white-space:nowrap">12/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2026.16px;left:8817.29px;white-space:nowrap">BB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:9841.61px;white-space:nowrap">833,702</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:913.61px;white-space:nowrap">725
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:1512px;white-space:nowrap">Glen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:1901.44px;letter-spacing:-0.38px;white-space:nowrap">Cove
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:2322.07px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:2744.31px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:3505.91px;white-space:nowrap">Assistance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:4311.65px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:5277.4px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:5646.68px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:6042.35px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:2198.23px;white-space:nowrap">Garvies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:2786.54px;letter-spacing:-1.92px;white-space:nowrap">Point
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:3189.26px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:3669.57px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:4692.6px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:5269.39px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:5822.35px;letter-spacing:-0.34px;white-space:nowrap">Appreciation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2995.12px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2995.12px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2016C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2995.12px;left:2701.1px;letter-spacing:-0.6px;white-space:nowrap">5.625%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2995.12px;left:3323.97px;white-space:nowrap">1/01/55
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:7078.26px;white-space:nowrap">1/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;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:160px;position:absolute;top:2611.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:9841.61px;white-space:nowrap">613,858</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:1512px;letter-spacing:-0.1px;white-space:nowrap">Hempstead
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:2397.11px;letter-spacing:-3.07px;white-space:nowrap">Town
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:2823.03px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:3245.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:4283.65px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:5249.4px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3388.07px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3388.07px;left:2051.67px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3388.07px;left:2724.15px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3388.07px;left:3263.5px;white-space:nowrap">Adelphi
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3388.07px;left:3884.13px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3388.07px;left:4637.72px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3388.07px;left:5214.51px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3580.07px;left:1656px;white-space:nowrap">2013:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;left:913.61px;white-space:nowrap">100
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;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:160px;position:absolute;top:3781.03px;left:2278.87px;white-space:nowrap">9/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;left:7078.26px;white-space:nowrap">9/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3781.03px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;left:9842.61px;letter-spacing:0px;white-space:nowrap">100,418</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3981.99px;left:913.61px;white-space:nowrap">300
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:3981.99px;left:2278.87px;white-space:nowrap">9/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3981.99px;left:7078.26px;white-space:nowrap">9/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3981.99px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3981.99px;left:9842.61px;letter-spacing:0px;white-space:nowrap">300,852</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:1512px;letter-spacing:-0.41px;white-space:nowrap">Monroe
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:2128.47px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:2694.22px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:3408.77px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:4447.16px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4182.95px;left:5412.91px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4374.95px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4374.95px;left:2051.67px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4374.95px;left:2724.15px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4374.95px;left:3266.38px;letter-spacing:-1.44px;white-space:nowrap">St.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4374.95px;left:3481.26px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4374.95px;left:3883.97px;letter-spacing:-0.41px;white-space:nowrap">Fisher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4374.95px;left:4364.44px;letter-spacing:-0.75px;white-space:nowrap">College,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4374.95px;left:5017.08px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4566.95px;left:1656px;white-space:nowrap">2011:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4767.91px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4767.91px;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:160px;position:absolute;top:4767.91px;left:2278.87px;white-space:nowrap">6/01/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4767.91px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4767.91px;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:160px;position:absolute;top:4767.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4767.91px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4767.91px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,002,200</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4968.87px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4968.87px;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:160px;position:absolute;top:4968.87px;left:2278.87px;white-space:nowrap">6/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4968.87px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:4968.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4968.87px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4968.87px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,002,060</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:1006.4px;white-space:nowrap">50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:1885.12px;letter-spacing:-0.21px;white-space:nowrap">Rochelle
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:2553.75px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:3519.5px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:3888.77px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:4284.45px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:4706.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:5745.07px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5361.83px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5361.83px;left:2198.23px;white-space:nowrap">Iona
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5361.83px;left:2555.99px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5361.83px;left:3171.82px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5361.83px;left:3748.61px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5361.83px;left:4230.52px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5361.83px;left:4790.51px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5361.83px;left:5413.38px;white-space:nowrap">7/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5169.83px;left:8766.73px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:9934.41px;white-space:nowrap">50,715</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:913.61px;white-space:nowrap">405
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;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:160px;position:absolute;top:5562.79px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:2564.15px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:3278.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:4314.2px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:4940.92px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:5310.19px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:5705.87px;letter-spacing:-2.24px;white-space:nowrap">PILOT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:6175.62px;letter-spacing:-1.2px;white-space:nowrap">Payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5754.79px;left:1656px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5754.79px;left:1828.96px;white-space:nowrap">Lieu
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5754.79px;left:2175.04px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5754.79px;left:2359.99px;letter-spacing:-2.72px;white-space:nowrap">Taxes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5754.79px;left:2800.31px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5754.79px;left:3472.78px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5754.79px;left:4015.01px;white-space:nowrap">Queens
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5754.79px;left:4629.88px;white-space:nowrap">Baseball
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5754.79px;left:5287.64px;letter-spacing:-0.12px;white-space:nowrap">Stadium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5754.79px;left:5929.23px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5946.79px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5946.79px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5946.79px;left:2932.46px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5946.79px;left:3492.46px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5946.79px;left:4115.32px;white-space:nowrap">1/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5946.79px;left:4737.71px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5946.79px;left:4826.03px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5946.79px;left:5241.55px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:7078.26px;white-space:nowrap">1/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5562.79px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5562.79px;left:9841.61px;white-space:nowrap">340,403</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6147.75px;left:779.21px;white-space:nowrap">3,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6147.75px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6147.75px;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:160px;position:absolute;top:6147.75px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6147.75px;left:2564.15px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6147.75px;left:3278.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6147.75px;left:4314.2px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6147.75px;left:4940.92px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6147.75px;left:5310.19px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6147.75px;left:5705.87px;letter-spacing:-2.24px;white-space:nowrap">PILOT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6147.75px;left:6175.62px;letter-spacing:-1.2px;white-space:nowrap">Payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6339.75px;left:1656px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6339.75px;left:1828.96px;white-space:nowrap">Lieu
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6339.75px;left:2175.04px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6339.75px;left:2359.99px;letter-spacing:-2.72px;white-space:nowrap">Taxes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6339.75px;left:2800.31px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6339.75px;left:3472.78px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6339.75px;left:4011.18px;letter-spacing:-2.47px;white-space:nowrap">Yankee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6339.75px;left:4573.25px;letter-spacing:-0.12px;white-space:nowrap">Stadium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6339.75px;left:5214.85px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6339.75px;left:5791.64px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6339.75px;left:6273.55px;letter-spacing:-0.69px;white-space:nowrap">2009A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6531.75px;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:160px;position:absolute;top:6531.75px;left:2278.87px;white-space:nowrap">3/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6531.75px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6531.75px;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:160px;position:absolute;top:6531.75px;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:160px;position:absolute;top:6147.75px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6147.75px;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:160px;position:absolute;top:6147.75px;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:160px;position:absolute;top:6147.75px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6147.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,336,200</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6732.71px;left:913.61px;white-space:nowrap">500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6732.71px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6732.71px;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:160px;position:absolute;top:6732.71px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6732.71px;left:2564.15px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6732.71px;left:3278.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6732.71px;left:4314.2px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6732.71px;left:4940.92px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6732.71px;left:5310.19px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6732.71px;left:5705.87px;letter-spacing:-2.24px;white-space:nowrap">PILOT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6732.71px;left:6175.62px;letter-spacing:-1.2px;white-space:nowrap">Payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6924.71px;left:1656px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6924.71px;left:1828.96px;white-space:nowrap">Lieu
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6924.71px;left:2175.04px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6924.71px;left:2359.99px;letter-spacing:-2.72px;white-space:nowrap">Taxes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6924.71px;left:2800.31px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6924.71px;left:3472.78px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6924.71px;left:4011.18px;letter-spacing:-2.47px;white-space:nowrap">Yankee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6924.71px;left:4573.25px;letter-spacing:-0.12px;white-space:nowrap">Stadium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6924.71px;left:5214.85px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6924.71px;left:5791.64px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6924.71px;left:6273.55px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7116.71px;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:160px;position:absolute;top:7116.71px;left:2278.87px;white-space:nowrap">3/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7116.71px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7116.71px;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:160px;position:absolute;top:7116.71px;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:160px;position:absolute;top:6732.71px;left:7078.26px;white-space:nowrap">9/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6732.71px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6732.71px;left:9841.61px;white-space:nowrap">465,310</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7317.67px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7317.67px;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:160px;position:absolute;top:7317.67px;left:2676.95px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7317.67px;left:2997.27px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7317.67px;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:160px;position:absolute;top:7317.67px;left:9686.42px;white-space:nowrap">29,097,068
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7631.99px;left:1512px;letter-spacing:-0.19px;white-space:nowrap">Financials
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7631.99px;left:2317.91px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7631.99px;left:2410.07px;white-space:nowrap">0.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7631.99px;left:2850.54px;white-space:nowrap">(0.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7631.99px;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:160px;font-weight:bold;position:absolute;top:7631.99px;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:160px;font-weight:bold;position:absolute;top:7631.99px;left:3961.57px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7900.95px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7900.95px;left:1512px;letter-spacing:-0.24px;white-space:nowrap">Liberty
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7900.95px;left:2051.51px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7900.95px;left:3089.9px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7900.95px;left:4055.65px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7900.95px;left:4424.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7900.95px;left:4820.6px;white-space:nowrap">Goldman
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7900.95px;left:5544.91px;white-space:nowrap">Sachs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8092.95px;left:1656px;letter-spacing:-0.22px;white-space:nowrap">Headquarters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8092.95px;left:2695.34px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8092.95px;left:3367.82px;white-space:nowrap">Bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8092.95px;left:3873.25px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8092.95px;left:4355.16px;letter-spacing:-0.8px;white-space:nowrap">2007,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8092.95px;left:4803.15px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8092.95px;left:5426.02px;white-space:nowrap">10/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7900.95px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7900.95px;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:160px;position:absolute;top:7900.95px;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:160px;position:absolute;top:7900.95px;left:8867.2px;white-space:nowrap">A2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7900.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,135,320</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8293.91px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8293.91px;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:160px;position:absolute;top:8293.91px;left:9779.22px;white-space:nowrap">1,135,320
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8608.23px;left:1512px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8608.23px;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:160px;font-weight:bold;position:absolute;top:8608.23px;left:2459.99px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8608.23px;left:2552.15px;white-space:nowrap">10.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8608.23px;left:3095.99px;white-space:nowrap">(10.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8608.23px;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:160px;font-weight:bold;position:absolute;top:8608.23px;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:160px;font-weight:bold;position:absolute;top:8608.23px;left:4310.37px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8877.19px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8877.19px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8877.19px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8877.19px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8877.19px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8877.19px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8877.19px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8877.19px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8877.19px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9069.19px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9069.19px;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:160px;position:absolute;top:9069.19px;left:2870.7px;letter-spacing:-0.19px;white-space:nowrap">Northwell
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9069.19px;left:3621.89px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9069.19px;left:4137.09px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9069.19px;left:4924.44px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9261.19px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9261.19px;left:2137.91px;white-space:nowrap">2022A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9462.15px;left:779.21px;white-space:nowrap">1,430
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9462.15px;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:160px;position:absolute;top:9462.15px;left:2278.87px;white-space:nowrap">5/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9462.15px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9462.15px;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:160px;position:absolute;top:9462.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9462.15px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9462.15px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,338,351</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9663.11px;left:779.21px;white-space:nowrap">2,700
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9663.11px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9663.11px;left:2278.87px;white-space:nowrap">5/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9663.11px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9663.11px;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:160px;position:absolute;top:9663.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9663.11px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9663.11px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,466,450</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9864.07px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9864.07px;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:160px;position:absolute;top:9864.07px;left:2278.87px;white-space:nowrap">5/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9864.07px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:9864.07px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9864.07px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,027,010</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10065.02px;left:779.21px;white-space:nowrap">2,100
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10065.02px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10065.02px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10065.02px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10065.02px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10065.02px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10065.02px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10065.02px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10065.02px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10065.02px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10065.02px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10065.02px;left:6042.97px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">Montefiore
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10257.02px;left:1656px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10257.02px;left:2443.35px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10257.02px;left:2989.91px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10257.02px;left:3471.82px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10257.02px;left:4031.81px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10257.02px;left:4654.68px;white-space:nowrap">8/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10065.02px;left:7078.26px;white-space:nowrap">8/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10065.02px;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:160px;position:absolute;top:10065.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10065.02px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10065.02px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,119,530</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10457.98px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10457.98px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10457.98px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10457.98px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10457.98px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10457.98px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10457.98px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10457.98px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10457.98px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10649.98px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10649.98px;left:2198.23px;white-space:nowrap">NYU
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10649.98px;left:2570.39px;white-space:nowrap">Langone
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10649.98px;left:3253.74px;white-space:nowrap">Hospitals
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10649.98px;left:3966.53px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10649.98px;left:4753.88px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10649.98px;left:5300.43px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10841.98px;left:1656px;white-space:nowrap">2020A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11042.94px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11042.94px;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:160px;position:absolute;top:11042.94px;left:2278.87px;white-space:nowrap">7/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11042.94px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11042.94px;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:160px;position:absolute;top:11042.94px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11042.94px;left:8853.44px;white-space:nowrap">A+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11042.94px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,813,620</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11243.9px;left:779.21px;white-space:nowrap">1,040
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11243.9px;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:160px;position:absolute;top:11243.9px;left:2278.87px;white-space:nowrap">7/01/53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11243.9px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11243.9px;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:160px;position:absolute;top:11243.9px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11243.9px;left:8853.44px;white-space:nowrap">A+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11243.9px;left:9842.61px;letter-spacing:0px;white-space:nowrap">937,050</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11444.86px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11444.86px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11444.86px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11444.86px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11444.86px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11444.86px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11444.86px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11444.86px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11444.86px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11636.86px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11636.86px;left:2198.23px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11636.86px;left:2800.94px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11636.86px;left:3483.98px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11636.86px;left:4104.93px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11636.86px;left:4642.52px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11828.86px;left:1656px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11828.86px;left:2202.56px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11828.86px;left:2684.47px;white-space:nowrap">2017:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12029.82px;left:913.61px;white-space:nowrap">800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12029.82px;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:160px;position:absolute;top:12029.82px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/01/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12029.82px;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:160px;position:absolute;top:12029.82px;left:7078.26px;white-space:nowrap">6/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:12029.82px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12029.82px;left:9842.61px;letter-spacing:0px;white-space:nowrap">805,664</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12230.78px;left:913.61px;white-space:nowrap">800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12230.78px;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:160px;position:absolute;top:12230.78px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/01/36,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12230.78px;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:160px;position:absolute;top:12230.78px;left:7078.26px;white-space:nowrap">6/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12230.78px;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:160px;position:absolute;top:12230.78px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12230.78px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12230.78px;left:9842.61px;letter-spacing:0px;white-space:nowrap">780,184</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">43</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 13212 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">Dutchess
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2223.67px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2789.42px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3211.66px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4250.04px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5215.79px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2051.67px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2724.15px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3266.38px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3781.57px;white-space:nowrap">Quest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4262.68px;letter-spacing:-0.75px;white-space:nowrap">Systems,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4931.47px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5222.83px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1231.28px;left:2137.91px;white-space:nowrap">2016B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:779.21px;white-space:nowrap">1,460</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;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:160px;position:absolute;top:1432.24px;left:2278.87px;white-space:nowrap">7/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1432.24px;left:8660.17px;white-space:nowrap">BBB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1432.24px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,272,419
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1633.2px;left:2278.87px;white-space:nowrap">7/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1633.2px;left:8660.17px;white-space:nowrap">BBB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,947,780</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:913.61px;white-space:nowrap">290
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:1512px;white-space:nowrap">Livingston
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:2298.23px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:2863.98px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:3578.53px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:4614.04px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:5240.75px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:5610.03px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:6005.7px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:6398.98px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;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:160px;position:absolute;top:2026.16px;left:2870.7px;white-space:nowrap">Nicholas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3540.78px;letter-spacing:-1.6px;white-space:nowrap">H.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3732.46px;white-space:nowrap">Noyes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:4233.09px;letter-spacing:-0.48px;white-space:nowrap">Hospital,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:4911.64px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:5393.55px;letter-spacing:-0.8px;white-space:nowrap">2005,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:5841.54px;letter-spacing:-0.6px;white-space:nowrap">6.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:1656px;white-space:nowrap">7/01/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1834.16px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:9841.61px;white-space:nowrap">290,525</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:913.61px;white-space:nowrap">480
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:1512px;letter-spacing:-0.41px;white-space:nowrap">Monroe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:2128.47px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:2694.22px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:3408.77px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:4447.16px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:5412.91px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:5782.18px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:6177.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:2198.23px;letter-spacing:-0.19px;white-space:nowrap">Rochester
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:2965.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:3587.65px;white-space:nowrap">Hospital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:4229.4px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:4806.2px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:5288.11px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:5736.1px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:1656px;white-space:nowrap">12/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:6985.46px;white-space:nowrap">12/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2419.12px;left:8660.17px;white-space:nowrap">BBB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:9841.61px;white-space:nowrap">468,629</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:779.21px;white-space:nowrap">1,005
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:1512px;letter-spacing:-0.41px;white-space:nowrap">Monroe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:2128.47px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:2694.22px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:3408.77px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:4447.16px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:5412.91px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:5782.18px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:6177.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:2198.23px;letter-spacing:-0.19px;white-space:nowrap">Rochester
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:2965.58px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:3648.61px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:4163.81px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:4740.6px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:5222.51px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:5782.5px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3388.07px;left:1656px;white-space:nowrap">12/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3004.07px;left:8660.17px;white-space:nowrap">BBB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3004.07px;left:9841.61px;white-space:nowrap">844,683</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3589.03px;left:779.21px;white-space:nowrap">1,275
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3589.03px;left:1512px;letter-spacing:-0.48px;white-space:nowrap">Westchester
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3589.03px;left:2450.7px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3589.03px;left:3016.45px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3589.03px;left:3438.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3589.03px;left:4477.08px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3589.03px;left:5442.83px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3589.03px;left:5812.1px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;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:160px;position:absolute;top:3781.03px;left:2868.79px;letter-spacing:-0.48px;white-space:nowrap">Westchester
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;left:3807.49px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;left:4428.44px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;left:4966.03px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;left:5753.38px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;left:6265.06px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3973.03px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3973.03px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3973.03px;left:2932.46px;letter-spacing:-0.8px;white-space:nowrap">2016,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3973.03px;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:160px;position:absolute;top:3973.03px;left:4003.32px;white-space:nowrap">11/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3589.03px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3589.03px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3589.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,226,359</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4173.99px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4173.99px;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:160px;position:absolute;top:4173.99px;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:160px;position:absolute;top:4173.99px;left:9686.42px;white-space:nowrap">17,338,254
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4488.31px;left:1512px;white-space:nowrap">Industrials
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4488.31px;left:2364.47px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4488.31px;left:2456.62px;white-space:nowrap">2.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4488.31px;left:2897.1px;white-space:nowrap">(2.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4488.31px;left:3392.3px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4488.31px;left:3591.65px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4488.31px;left:4008.13px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4757.27px;left:779.21px;white-space:nowrap">3,930</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4757.27px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4757.27px;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:160px;position:absolute;top:4757.27px;left:2240.15px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4757.27px;left:2779.66px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4757.27px;left:3818.05px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4757.27px;left:4783.8px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4757.27px;left:5153.07px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4757.27px;left:5548.75px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4757.27px;left:6088.26px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4949.27px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4949.27px;left:2198.23px;white-space:nowrap">3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4949.27px;left:2329.11px;letter-spacing:-0.96px;white-space:nowrap">World
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4949.27px;left:2812.63px;letter-spacing:-2.72px;white-space:nowrap">Trade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4949.27px;left:3263.98px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4949.27px;left:3801.57px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4949.27px;left:4378.36px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4949.27px;left:4801.4px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4949.27px;left:4934.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4949.27px;left:5416.1px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4949.27px;left:5864.1px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5141.27px;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:160px;position:absolute;top:5141.27px;left:2407.98px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4757.27px;left:6985.46px;white-space:nowrap">11/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4757.27px;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:160px;position:absolute;top:4757.27px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4757.27px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4757.27px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,783,607</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5342.23px;left:1006.4px;white-space:nowrap">10
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5342.23px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5342.23px;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:160px;position:absolute;top:5342.23px;left:2240.15px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5342.23px;left:2779.66px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5342.23px;left:3818.05px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5342.23px;left:4783.8px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5342.23px;left:5153.07px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5342.23px;left:5548.75px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5342.23px;left:6088.26px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5534.23px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5534.23px;left:2198.23px;white-space:nowrap">7
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5534.23px;left:2329.11px;letter-spacing:-0.96px;white-space:nowrap">World
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5534.23px;left:2812.63px;letter-spacing:-2.72px;white-space:nowrap">Trade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5534.23px;left:3263.98px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5534.23px;left:3801.57px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5534.23px;left:4378.36px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5534.23px;left:5172.92px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5534.23px;left:5668.27px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5534.23px;left:6150.18px;white-space:nowrap">2022A-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5726.23px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">CL2,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5726.23px;left:2022.39px;letter-spacing:-0.6px;white-space:nowrap">3.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5726.23px;left:2645.26px;white-space:nowrap">9/15/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5342.23px;left:7078.26px;white-space:nowrap">3/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5342.23px;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:160px;position:absolute;top:5342.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5342.23px;left:8867.2px;white-space:nowrap">A2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5342.23px;left:10027.21px;white-space:nowrap">7,682</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5927.19px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5927.19px;left:1902.08px;white-space:nowrap">Industrials</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5927.19px;left:9779.22px;white-space:nowrap">3,791,289
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6241.51px;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:160px;font-weight:bold;position:absolute;top:6241.51px;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:160px;font-weight:bold;position:absolute;top:6241.51px;left:2755.03px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6241.51px;left:2847.19px;white-space:nowrap">0.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6241.51px;left:3287.67px;white-space:nowrap">(0.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6241.51px;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:160px;font-weight:bold;position:absolute;top:6241.51px;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:160px;font-weight:bold;position:absolute;top:6241.51px;left:4398.69px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.47px;left:913.61px;white-space:nowrap">270</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.47px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.47px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.47px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.47px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.47px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.47px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.47px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.47px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.47px;left:4828.27px;letter-spacing:-0.26px;white-space:nowrap">Non-State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.47px;left:5596.58px;letter-spacing:-0.19px;white-space:nowrap">Supported
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.47px;left:6420.57px;letter-spacing:-0.8px;white-space:nowrap">Debt,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6702.47px;left:1656px;white-space:nowrap">Ozanam
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6702.47px;left:2307.83px;white-space:nowrap">Hall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6702.47px;left:2628.79px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6702.47px;left:2817.59px;white-space:nowrap">Queens
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6702.47px;left:3432.46px;white-space:nowrap">Nursing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6702.47px;left:4050.37px;white-space:nowrap">Home
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6702.47px;left:4535.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6702.47px;left:5208.28px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6702.47px;left:5750.51px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6702.47px;left:6232.42px;letter-spacing:-0.8px;white-space:nowrap">2006,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6894.47px;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:160px;position:absolute;top:6894.47px;left:2278.87px;white-space:nowrap">11/01/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.47px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.47px;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:160px;position:absolute;top:6510.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.47px;left:8867.2px;white-space:nowrap">A1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.47px;left:9841.61px;white-space:nowrap">271,979</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7095.43px;left:913.61px;white-space:nowrap">100
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7095.43px;left:1512px;letter-spacing:-0.41px;white-space:nowrap">Monroe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7095.43px;left:2128.47px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7095.43px;left:2694.22px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7095.43px;left:3408.77px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7095.43px;left:4447.16px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7095.43px;left:5412.91px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7095.43px;left:5782.18px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7095.43px;left:6177.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7287.43px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7287.43px;left:2198.23px;white-space:nowrap">Saint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7287.43px;left:2594.71px;white-space:nowrap">Ann&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7287.43px;left:3045.26px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7287.43px;left:3933.57px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7287.43px;left:4510.37px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7287.43px;left:4992.28px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7287.43px;left:5440.27px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7287.43px;left:6063.14px;white-space:nowrap">1/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7095.43px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7095.43px;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:160px;position:absolute;top:7095.43px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7095.43px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7095.43px;left:9934.41px;white-space:nowrap">85,600</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7488.39px;left:1006.4px;white-space:nowrap">90
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7488.39px;left:1512px;letter-spacing:-2.16px;white-space:nowrap">Yonkers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7488.39px;left:2123.51px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7488.39px;left:2838.06px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7488.39px;left:3873.57px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7488.39px;left:4500.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7488.39px;left:4869.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7488.39px;left:5265.23px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7488.39px;left:5658.51px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7680.39px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7680.39px;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:160px;position:absolute;top:7680.39px;left:2870.7px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7680.39px;left:3439.82px;white-space:nowrap">Needs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7680.39px;left:3958.05px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7680.39px;left:4619.33px;letter-spacing:-1.65px;white-space:nowrap">Pooled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7680.39px;left:5169.88px;letter-spacing:-1.56px;white-space:nowrap">Program
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7680.39px;left:5831px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7680.39px;left:6373.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7872.39px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">2008-C1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7872.39px;left:2363.19px;letter-spacing:-0.6px;white-space:nowrap">5.800%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7872.39px;left:2986.05px;letter-spacing:-0.53px;white-space:nowrap">7/01/23,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7872.39px;left:3645.24px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7488.39px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7488.39px;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:160px;position:absolute;top:7488.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7488.39px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7488.39px;left:9934.41px;white-space:nowrap">88,961</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8073.35px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8073.35px;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:160px;position:absolute;top:8073.35px;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:160px;position:absolute;top:8073.35px;left:9913.61px;white-space:nowrap">446,540
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8387.67px;left:1512px;letter-spacing:-0.11px;white-space:nowrap">Materials
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8387.67px;left:2273.11px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8387.67px;left:2365.27px;white-space:nowrap">0.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8387.67px;left:2805.74px;white-space:nowrap">(0.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8387.67px;left:3300.94px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8387.67px;left:3500.3px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8387.67px;left:3916.77px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8656.63px;left:913.61px;white-space:nowrap">530</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8656.63px;left:1512px;white-space:nowrap">Build
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8656.63px;left:1928.96px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8656.63px;left:2298.23px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8656.63px;left:2657.11px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8656.63px;left:2981.1px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8656.63px;left:3694.53px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8656.63px;left:4660.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8656.63px;left:5029.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8656.63px;left:5425.23px;white-space:nowrap">Solid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8656.63px;left:5833.55px;letter-spacing:-0.96px;white-space:nowrap">Waste
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8848.63px;left:1656px;white-space:nowrap">Disposal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8848.63px;left:2324.31px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8848.63px;left:2996.78px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8848.63px;left:3539.02px;letter-spacing:-2.19px;white-space:nowrap">Pratt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8848.63px;left:3903.17px;letter-spacing:-1.6px;white-space:nowrap">Paper
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8848.63px;left:4362.52px;letter-spacing:-4.32px;white-space:nowrap">NY,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8848.63px;left:4645.4px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8848.63px;left:4936.76px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8848.63px;left:5513.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8848.63px;left:5995.46px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9040.63px;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:160px;position:absolute;top:9040.63px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/01/35,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9040.63px;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:160px;position:absolute;top:9040.63px;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:160px;position:absolute;top:8656.63px;left:7078.26px;white-space:nowrap">1/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8656.63px;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:160px;position:absolute;top:8656.63px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8656.63px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8656.63px;left:9841.61px;white-space:nowrap">538,109</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9241.59px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9241.59px;left:1902.08px;letter-spacing:-0.18px;white-space:nowrap">Materials</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9241.59px;left:9913.61px;white-space:nowrap">538,109
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9555.91px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9555.91px;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:160px;font-weight:bold;position:absolute;top:9555.91px;left:3370.38px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9555.91px;left:3462.54px;white-space:nowrap">7.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9555.91px;left:3903.02px;white-space:nowrap">(7.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9555.91px;left:4398.21px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9555.91px;left:4597.57px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9555.91px;left:5014.04px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9824.87px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9824.87px;left:1512px;white-space:nowrap">Nassau
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9824.87px;left:2080.15px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9824.87px;left:2676.94px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9824.87px;left:3046.22px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9824.87px;left:3441.9px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9824.87px;left:4063.97px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9824.87px;left:4888.6px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9824.87px;left:5430.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10016.87px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10016.87px;left:2679.03px;white-space:nowrap">Bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10016.87px;left:3184.46px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10016.87px;left:3666.37px;letter-spacing:-0.69px;white-space:nowrap">2019B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10016.87px;left:4216.12px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10016.87px;left:4838.99px;white-space:nowrap">4/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10016.87px;left:5461.38px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10016.87px;left:5549.7px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10016.87px;left:5965.21px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9824.87px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9824.87px;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:160px;position:absolute;top:9824.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9824.87px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9824.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,063,590</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10217.83px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10217.83px;left:1512px;white-space:nowrap">Nassau
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10217.83px;left:2080.15px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10217.83px;left:2676.94px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10217.83px;left:3046.22px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10217.83px;left:3441.9px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10217.83px;left:4063.97px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10217.83px;left:4888.6px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10217.83px;left:5430.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10409.83px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10409.83px;left:2679.03px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10409.83px;left:3160.94px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10409.83px;left:3720.93px;letter-spacing:-0.6px;white-space:nowrap">4.125%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10409.83px;left:4343.8px;white-space:nowrap">4/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10409.83px;left:4966.19px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10409.83px;left:5054.51px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10409.83px;left:5470.02px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10217.83px;left:7078.26px;white-space:nowrap">4/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10217.83px;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:160px;position:absolute;top:10217.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10217.83px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10217.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,724,950</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10610.78px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10610.78px;left:1512px;white-space:nowrap">Nassau
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10610.78px;left:2080.15px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10610.78px;left:2676.94px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10610.78px;left:3046.22px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10610.78px;left:3441.9px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10610.78px;left:4063.97px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10610.78px;left:4888.6px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10610.78px;left:5430.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10802.78px;left:1656px;letter-spacing:-0.26px;white-space:nowrap">Improvment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10802.78px;left:2587.51px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10802.78px;left:3069.42px;letter-spacing:-0.69px;white-space:nowrap">2016C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10802.78px;left:3632.61px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10802.78px;left:4255.48px;white-space:nowrap">4/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10610.78px;left:7078.26px;white-space:nowrap">4/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10610.78px;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:160px;position:absolute;top:10610.78px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10610.78px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10610.78px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,041,640</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11003.74px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11003.74px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11003.74px;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:160px;position:absolute;top:11003.74px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11003.74px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11003.74px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11003.74px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11003.74px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11003.74px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11003.74px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11003.74px;left:5792.91px;white-space:nowrap">2014
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11003.74px;left:6204.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11195.74px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11195.74px;left:1988.8px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11195.74px;left:2611.66px;white-space:nowrap">8/01/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11003.74px;left:7078.26px;white-space:nowrap">8/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11003.74px;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:160px;position:absolute;top:11003.74px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11003.74px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11003.74px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,006,780</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11396.7px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11396.7px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11396.7px;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:160px;position:absolute;top:11396.7px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11396.7px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11396.7px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11396.7px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11396.7px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11396.7px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11396.7px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11396.7px;left:5792.91px;white-space:nowrap">2018
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11396.7px;left:6204.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11588.7px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">E-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11588.7px;left:1971.52px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11588.7px;left:2594.38px;white-space:nowrap">3/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11396.7px;left:7078.26px;white-space:nowrap">3/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11396.7px;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:160px;position:absolute;top:11396.7px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11396.7px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11396.7px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,060,900</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11789.66px;left:913.61px;white-space:nowrap">835
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11789.66px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11789.66px;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:160px;position:absolute;top:11789.66px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11789.66px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11789.66px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11789.66px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11789.66px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11789.66px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11789.66px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11789.66px;left:5792.91px;white-space:nowrap">2020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11981.66px;left:1656px;letter-spacing:-0.44px;white-space:nowrap">SeriesD-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11981.66px;left:2439.83px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11981.66px;left:3062.69px;white-space:nowrap">3/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11789.66px;left:7078.26px;white-space:nowrap">3/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11789.66px;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:160px;position:absolute;top:11789.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11789.66px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11789.66px;left:9841.61px;white-space:nowrap">783,447</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12182.62px;left:779.21px;white-space:nowrap">1,900
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12182.62px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12182.62px;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:160px;position:absolute;top:12182.62px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12182.62px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12182.62px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12182.62px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12182.62px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12182.62px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12182.62px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12182.62px;left:5792.91px;white-space:nowrap">2021
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12182.62px;left:6204.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12374.62px;left:1656px;letter-spacing:-1.34px;white-space:nowrap">F-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12374.62px;left:1964.8px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12374.62px;left:2587.67px;white-space:nowrap">3/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12182.62px;left:7078.26px;white-space:nowrap">3/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12182.62px;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:160px;position:absolute;top:12182.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12182.62px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12182.62px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,018,712</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1875.64px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2652.21px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4186.6px;white-space:nowrap">Value
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5083.89px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:5911.31px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4681.96px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:5096.61px;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">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">NNY</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12872 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;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:160px;position:absolute;top:847.28px;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:160px;position:absolute;top:847.28px;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:160px;position:absolute;top:847.28px;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:160px;position:absolute;top:847.28px;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:160px;position:absolute;top:847.28px;left:5372.75px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:1656px;white-space:nowrap">2022A-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:913.61px;white-space:nowrap">135</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1240.24px;left:2278.87px;white-space:nowrap">7/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1240.24px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1240.24px;left:9842.61px;letter-spacing:0px;white-space:nowrap">115,453
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:913.61px;white-space:nowrap">409</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1441.2px;left:2278.87px;white-space:nowrap">7/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1441.2px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:9842.61px;letter-spacing:0px;white-space:nowrap">337,859</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:913.61px;white-space:nowrap">833
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1642.16px;left:2278.87px;white-space:nowrap">7/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1642.16px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:9842.61px;letter-spacing:0px;white-space:nowrap">663,318</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1843.12px;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:160px;position:absolute;top:1843.12px;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:160px;position:absolute;top:1843.12px;left:9686.42px;white-space:nowrap">12,816,649
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2157.43px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2157.43px;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:160px;font-weight:bold;position:absolute;top:2157.43px;left:3345.9px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2157.43px;left:3438.05px;white-space:nowrap">17.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2157.43px;left:3981.89px;white-space:nowrap">(17.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2157.43px;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:160px;font-weight:bold;position:absolute;top:2157.43px;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:160px;font-weight:bold;position:absolute;top:2157.43px;left:5196.28px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2426.39px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2426.39px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2426.39px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2426.39px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2426.39px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2426.39px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2426.39px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2426.39px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2426.39px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2426.39px;left:5234.34px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2618.39px;left:1656px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2618.39px;left:2237.28px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2618.39px;left:2516px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2618.39px;left:3188.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2618.39px;left:3730.7px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2618.39px;left:4352.77px;letter-spacing:-1.39px;white-space:nowrap">Purpose,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2618.39px;left:5027.16px;white-space:nowrap">Bidding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:2167.67px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:2296.63px;letter-spacing:-0.72px;white-space:nowrap">Through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:2958.07px;letter-spacing:-1.6px;white-space:nowrap">5,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:3127.67px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:3609.58px;white-space:nowrap">2020A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3011.35px;left:913.61px;white-space:nowrap">500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3011.35px;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:160px;position:absolute;top:3011.35px;left:2278.87px;white-space:nowrap">3/15/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3011.35px;left:7078.26px;white-space:nowrap">9/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3011.35px;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:160px;position:absolute;top:3011.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3011.35px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3011.35px;left:9842.61px;letter-spacing:0px;white-space:nowrap">519,450</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3212.31px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3212.31px;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:160px;position:absolute;top:3212.31px;left:2278.87px;white-space:nowrap">3/15/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3212.31px;left:7078.26px;white-space:nowrap">9/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3212.31px;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:160px;position:absolute;top:3212.31px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3212.31px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3212.31px;left:9842.61px;letter-spacing:0px;white-space:nowrap">957,300</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3413.27px;left:779.21px;white-space:nowrap">2,140
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3413.27px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3413.27px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3413.27px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3413.27px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3413.27px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3413.27px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3413.27px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3413.27px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3413.27px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3413.27px;left:5234.34px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3413.27px;left:5649.06px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3413.27px;left:5927.78px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3605.27px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3605.27px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3605.27px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2015B.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3605.27px;left:3229.89px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3605.27px;left:3738.69px;letter-spacing:-0.69px;white-space:nowrap">A,B&amp;C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3605.27px;left:4298.68px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3605.27px;left:4921.55px;white-space:nowrap">3/15/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3413.27px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3413.27px;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:160px;position:absolute;top:3413.27px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3413.27px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3413.27px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,239,039</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3806.23px;left:779.21px;white-space:nowrap">3,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3806.23px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3806.23px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3806.23px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3806.23px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3806.23px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3806.23px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3806.23px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3806.23px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3806.23px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3806.23px;left:5234.34px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3806.23px;left:5649.06px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3806.23px;left:5927.78px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:2680.14px;letter-spacing:-0.48px;white-space:nowrap">2017A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:3200.46px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:3712.13px;letter-spacing:-1.6px;white-space:nowrap">C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:3904.13px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:4527px;white-space:nowrap">3/15/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3806.23px;left:7078.26px;white-space:nowrap">3/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3806.23px;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:160px;position:absolute;top:3806.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3806.23px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3806.23px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,149,820</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4199.19px;left:779.21px;white-space:nowrap">2,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4199.19px;left:1512px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4199.19px;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:160px;position:absolute;top:4199.19px;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:160px;position:absolute;top:4199.19px;left:3180.94px;white-space:nowrap">Business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4199.19px;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:160px;position:absolute;top:4199.19px;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:160px;position:absolute;top:4199.19px;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:160px;position:absolute;top:4199.19px;left:5335.63px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4199.19px;left:6130.18px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4391.19px;left:1656px;letter-spacing:-1.78px;white-space:nowrap">2015D,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4391.19px;left:2217.43px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4391.19px;left:2840.3px;white-space:nowrap">11/15/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4199.19px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4199.19px;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:160px;position:absolute;top:4199.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4199.19px;left:8868.48px;white-space:nowrap">BB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4199.19px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,559,475</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4592.15px;left:913.61px;white-space:nowrap">540
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4592.15px;left:1512px;white-space:nowrap">Hudson
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4592.15px;left:2119.67px;letter-spacing:-2.88px;white-space:nowrap">Yards
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4592.15px;left:2554.71px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4592.15px;left:3559.81px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4592.15px;left:4525.56px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4592.15px;left:4894.83px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4592.15px;left:5290.51px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4592.15px;left:5962.98px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4784.15px;left:1656px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4784.15px;left:2250.39px;letter-spacing:-0.29px;white-space:nowrap">Indenture
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4784.15px;left:3001.26px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4784.15px;left:3445.1px;white-space:nowrap">2017
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4784.15px;left:3856.29px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4784.15px;left:4335.33px;letter-spacing:-1.6px;white-space:nowrap">A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4784.15px;left:4524.12px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4784.15px;left:5146.99px;white-space:nowrap">2/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4592.15px;left:7078.26px;white-space:nowrap">2/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4592.15px;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:160px;position:absolute;top:4592.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4592.15px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4592.15px;left:9841.61px;white-space:nowrap">564,899</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;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:160px;position:absolute;top:4985.11px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:5545.55px;white-space:nowrap">Building
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:6193.71px;white-space:nowrap">Aid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.11px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.11px;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:160px;position:absolute;top:5177.11px;left:2870.7px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.11px;left:3314.54px;white-space:nowrap">2019
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.11px;left:3725.73px;white-space:nowrap">Subseries
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.11px;left:4473.56px;letter-spacing:-0.96px;white-space:nowrap">S-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.11px;left:4784.6px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.11px;left:5407.46px;white-space:nowrap">7/15/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;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:160px;position:absolute;top:4985.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.11px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,056,070</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5378.07px;left:779.21px;white-space:nowrap">2,465
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5378.07px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5378.07px;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:160px;position:absolute;top:5378.07px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5378.07px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5378.07px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5378.07px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5378.07px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5378.07px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5378.07px;left:5545.55px;white-space:nowrap">Building
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5378.07px;left:6193.71px;white-space:nowrap">Aid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5570.07px;left:2870.7px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5570.07px;left:3314.54px;white-space:nowrap">2020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5570.07px;left:3725.73px;white-space:nowrap">Subseries
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5570.07px;left:4473.56px;letter-spacing:-0.8px;white-space:nowrap">S-1B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5570.07px;left:4886.35px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5570.07px;left:5509.22px;white-space:nowrap">7/15/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5378.07px;left:7078.26px;white-space:nowrap">7/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5378.07px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5378.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,354,346</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5771.03px;left:779.21px;white-space:nowrap">3,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5771.03px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5771.03px;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:160px;position:absolute;top:5771.03px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5771.03px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5771.03px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5771.03px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5771.03px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5771.03px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5771.03px;left:5545.55px;white-space:nowrap">Building
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5771.03px;left:6193.71px;white-space:nowrap">Aid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;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:160px;position:absolute;top:5963.03px;left:2870.7px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:3314.54px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:3796.45px;letter-spacing:-0.53px;white-space:nowrap">2015S-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:4478.68px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5963.03px;left:5101.55px;white-space:nowrap">7/15/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5771.03px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5771.03px;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:160px;position:absolute;top:5771.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5771.03px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5771.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,073,590</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6163.99px;left:913.61px;white-space:nowrap">445
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6163.99px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6163.99px;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:160px;position:absolute;top:6163.99px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6163.99px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6163.99px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6163.99px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6163.99px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6163.99px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6163.99px;left:5545.55px;white-space:nowrap">Building
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6163.99px;left:6193.71px;white-space:nowrap">Aid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6355.99px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6355.99px;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:160px;position:absolute;top:6355.99px;left:2870.7px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6355.99px;left:3314.54px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6355.99px;left:3796.45px;letter-spacing:-0.53px;white-space:nowrap">2016S-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6355.99px;left:4478.68px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6355.99px;left:5101.55px;white-space:nowrap">7/15/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6163.99px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6163.99px;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:160px;position:absolute;top:6163.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6163.99px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6163.99px;left:9841.61px;white-space:nowrap">464,700</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6556.95px;left:779.21px;white-space:nowrap">1,525
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6556.95px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6556.95px;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:160px;position:absolute;top:6556.95px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6556.95px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6556.95px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6556.95px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6556.95px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6556.95px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6556.95px;left:5545.55px;letter-spacing:-1.37px;white-space:nowrap">Future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6556.95px;left:6047.79px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6748.95px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6748.95px;left:2298.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6748.95px;left:2841.1px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6748.95px;left:3779.65px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6748.95px;left:4223.49px;white-space:nowrap">2014
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6748.95px;left:4634.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6748.95px;left:5116.6px;letter-spacing:-0.96px;white-space:nowrap">D-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6748.95px;left:5458.51px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6748.95px;left:6081.38px;white-space:nowrap">2/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6556.95px;left:7078.26px;white-space:nowrap">2/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6556.95px;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:160px;position:absolute;top:6556.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6556.95px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6556.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,546,335</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:779.21px;white-space:nowrap">1,125
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;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:160px;position:absolute;top:6949.91px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:5545.55px;letter-spacing:-1.37px;white-space:nowrap">Future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:6047.79px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7141.91px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7141.91px;left:2298.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7141.91px;left:2841.1px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7141.91px;left:3779.65px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7141.91px;left:4223.49px;white-space:nowrap">2017
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7141.91px;left:4634.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7141.91px;left:5116.6px;letter-spacing:-0.96px;white-space:nowrap">E-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7141.91px;left:5432.11px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7141.91px;left:6054.98px;white-space:nowrap">2/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:7078.26px;white-space:nowrap">2/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;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:160px;position:absolute;top:6949.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6949.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,182,668</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:779.21px;white-space:nowrap">1,685
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;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:160px;position:absolute;top:7342.87px;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:160px;position:absolute;top:7342.87px;left:2642.39px;letter-spacing:-0.36px;white-space:nowrap">Thruway
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:3294.54px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:4038.69px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:4444.76px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:5102.67px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:5683.95px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:5962.67px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:2198.23px;white-space:nowrap">Bidding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:2817.9px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:3329.58px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:3462.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:3944.29px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:4504.28px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7534.87px;left:5127.15px;white-space:nowrap">3/15/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:7078.26px;white-space:nowrap">9/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;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:160px;position:absolute;top:7342.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7342.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,827,517</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:1006.4px;white-space:nowrap">90
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;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:160px;position:absolute;top:7735.83px;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:160px;position:absolute;top:7735.83px;left:2642.39px;letter-spacing:-0.36px;white-space:nowrap">Thruway
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:3294.54px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:4038.69px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:4444.76px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:5102.67px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:5683.95px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:5962.67px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;left:2198.23px;letter-spacing:-0.2px;white-space:nowrap">Climate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;left:2801.1px;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:160px;position:absolute;top:7927.83px;left:3472.77px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;left:3968.13px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;left:4450.04px;letter-spacing:-0.69px;white-space:nowrap">2022C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;left:5013.23px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7927.83px;left:5636.1px;white-space:nowrap">3/15/53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:7078.26px;white-space:nowrap">9/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;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:160px;position:absolute;top:7735.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7735.83px;left:9934.41px;white-space:nowrap">96,641</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;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:160px;position:absolute;top:8128.79px;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:160px;position:absolute;top:8128.79px;left:2646.23px;white-space:nowrap">Urban
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:3137.74px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:4176.13px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:5141.87px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:5547.95px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:6205.86px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;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:160px;position:absolute;top:8320.79px;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:160px;position:absolute;top:8320.79px;left:3149.42px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;left:3771.5px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;left:4409.09px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;left:4920.76px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;left:5090.36px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;left:5572.27px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8320.79px;left:6132.26px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8512.79px;left:1656px;white-space:nowrap">3/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:7078.26px;white-space:nowrap">9/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;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:160px;position:absolute;top:8128.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.79px;left:9841.61px;white-space:nowrap">931,430</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;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:160px;position:absolute;top:8713.75px;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:160px;position:absolute;top:8713.75px;left:2646.23px;white-space:nowrap">Urban
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:3137.74px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:4176.13px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:5141.87px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:5547.95px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:6205.86px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8905.75px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8905.75px;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:160px;position:absolute;top:8905.75px;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:160px;position:absolute;top:8905.75px;left:3149.42px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8905.75px;left:3771.5px;letter-spacing:-1.39px;white-space:nowrap">Purpose,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8905.75px;left:4445.89px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8905.75px;left:4927.8px;letter-spacing:-0.69px;white-space:nowrap">2020C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8905.75px;left:5490.99px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8905.75px;left:6113.85px;white-space:nowrap">3/15/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:7078.26px;white-space:nowrap">9/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;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:160px;position:absolute;top:8713.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8713.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,858,640</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;left:2379.35px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;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:160px;position:absolute;top:9106.71px;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:160px;position:absolute;top:9106.71px;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:160px;position:absolute;top:9106.71px;left:4791.01px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9106.71px;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:160px;position:absolute;top:9298.71px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9298.71px;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:160px;position:absolute;top:9298.71px;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:160px;position:absolute;top:9298.71px;left:3840.29px;white-space:nowrap">2018A-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9499.66px;left:779.21px;white-space:nowrap">6,509
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9499.66px;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:160px;position:absolute;top:9499.66px;left:2278.87px;white-space:nowrap">7/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9499.66px;left:7171.06px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9499.66px;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:160px;position:absolute;top:9499.66px;left:7723.21px;white-space:nowrap">30.01</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9499.66px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9499.66px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,228,118</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9700.62px;left:779.21px;white-space:nowrap">3,083
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9700.62px;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:160px;position:absolute;top:9700.62px;left:2278.87px;white-space:nowrap">7/01/58
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9700.62px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9700.62px;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:160px;position:absolute;top:9700.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9700.62px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9700.62px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,860,408</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:1006.4px;white-space:nowrap">17
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:2379.35px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;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:160px;position:absolute;top:9901.58px;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:160px;position:absolute;top:9901.58px;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:160px;position:absolute;top:9901.58px;left:4791.01px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;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:160px;position:absolute;top:9901.58px;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:160px;position:absolute;top:9901.58px;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:160px;position:absolute;top:10093.58px;left:1656px;letter-spacing:-1.92px;white-space:nowrap">Taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10093.58px;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:160px;position:absolute;top:10093.58px;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:160px;position:absolute;top:10093.58px;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:160px;position:absolute;top:10093.58px;left:4279.97px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10093.58px;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:160px;position:absolute;top:10093.58px;left:5465.87px;letter-spacing:-0.6px;white-space:nowrap">4.536%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10093.58px;left:6088.73px;white-space:nowrap">7/01/53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;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:160px;position:absolute;top:9901.58px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9901.58px;left:9934.41px;white-space:nowrap">14,701</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:779.21px;white-space:nowrap">1,030
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:5250.03px;letter-spacing:-1.56px;white-space:nowrap">Payroll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:5769.87px;white-space:nowrap">Mobility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:6396.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:2198.23px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:2708.3px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:3054.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:3536.29px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:3944.61px;letter-spacing:-1.6px;white-space:nowrap">A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:4133.4px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10486.54px;left:4756.27px;white-space:nowrap">5/15/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;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:160px;position:absolute;top:10294.54px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10294.54px;left:9841.61px;white-space:nowrap">943,377</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:913.61px;white-space:nowrap">355
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:5250.03px;letter-spacing:-1.56px;white-space:nowrap">Payroll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:5769.87px;white-space:nowrap">Mobility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:6396.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;left:1656px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;left:2166.07px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;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:160px;position:absolute;top:10879.5px;left:3054.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;left:3536.29px;letter-spacing:-0.69px;white-space:nowrap">2022C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;left:4099.48px;letter-spacing:-0.6px;white-space:nowrap">4.125%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10879.5px;left:4722.35px;white-space:nowrap">5/15/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;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:160px;position:absolute;top:10687.5px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10687.5px;left:9841.61px;white-space:nowrap">331,602</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11080.46px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11080.46px;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:160px;position:absolute;top:11080.46px;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:160px;position:absolute;top:11080.46px;left:9686.42px;white-space:nowrap">29,760,126
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11394.78px;left:1512px;letter-spacing:-1.08px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11394.78px;left:2678.71px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11394.78px;left:2770.87px;white-space:nowrap">21.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11394.78px;left:3314.7px;white-space:nowrap">(21.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11394.78px;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:160px;font-weight:bold;position:absolute;top:11394.78px;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:160px;font-weight:bold;position:absolute;top:11394.78px;left:4529.09px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11663.74px;left:779.21px;white-space:nowrap">1,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11663.74px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11663.74px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11663.74px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11663.74px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11663.74px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11663.74px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11663.74px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:2198.23px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:2693.59px;letter-spacing:-0.2px;white-space:nowrap">Climate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:3296.46px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:3730.85px;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:160px;position:absolute;top:11855.74px;left:4402.52px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:4884.44px;letter-spacing:-0.53px;white-space:nowrap">2019A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11855.74px;left:5588.42px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12047.74px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">11/15/48,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12047.74px;left:2407.98px;letter-spacing:-0.15px;white-space:nowrap">(Mandatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12047.74px;left:3286.05px;letter-spacing:-1.92px;white-space:nowrap">Put
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12047.74px;left:3554.85px;white-space:nowrap">11/15/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11663.74px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11663.74px;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:160px;position:absolute;top:11663.74px;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:160px;position:absolute;top:11663.74px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11663.74px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,518,015</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:913.61px;white-space:nowrap">970
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12440.7px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12440.7px;left:2198.23px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12440.7px;left:2693.59px;letter-spacing:-0.2px;white-space:nowrap">Climate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12440.7px;left:3296.46px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12440.7px;left:3730.85px;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:160px;position:absolute;top:12440.7px;left:4402.52px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12440.7px;left:4884.44px;letter-spacing:-0.53px;white-space:nowrap">2020C-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12440.7px;left:5591.62px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12440.7px;left:6214.49px;white-space:nowrap">11/15/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:7078.26px;white-space:nowrap">5/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;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:160px;position:absolute;top:12248.7px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12248.7px;left:9841.61px;white-space:nowrap">976,334</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12641.66px;left:779.21px;white-space:nowrap">1,315
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12641.66px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12641.66px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12641.66px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12641.66px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12641.66px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12641.66px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12641.66px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12833.66px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12833.66px;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:160px;position:absolute;top:12833.66px;left:2992.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12833.66px;left:3474.7px;letter-spacing:-3.15px;white-space:nowrap">2015F,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12833.66px;left:3995.33px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12833.66px;left:4618.2px;white-space:nowrap">11/15/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12641.66px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12641.66px;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:160px;position:absolute;top:12641.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12641.66px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12641.66px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,330,386</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,[encoded data, 12544 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2748.94px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3421.42px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3963.65px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4445.56px;white-space:nowrap">2013E:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">1,235</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1240.24px;left:2278.87px;white-space:nowrap">11/15/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:6985.46px;white-space:nowrap">11/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1240.24px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1240.24px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,231,456
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:779.21px;white-space:nowrap">1,800</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:2680.14px;letter-spacing:-0.53px;white-space:nowrap">2014D-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:3393.25px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:4016.12px;white-space:nowrap">11/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:6985.46px;white-space:nowrap">11/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1441.2px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,789,002</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;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:160px;position:absolute;top:1834.16px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:2564.15px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:3278.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:4314.2px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:4940.92px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:5310.19px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:1656px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:2049.28px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:2586.07px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3258.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3800.78px;letter-spacing:-0.48px;white-space:nowrap">Bronx
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:4265.41px;letter-spacing:-1.2px;white-space:nowrap">Parking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:4847.32px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:1656px;letter-spacing:-1.39px;white-space:nowrap">Company,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:2437.43px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:2751.03px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:3327.82px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:3809.73px;white-space:nowrap">2007:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;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:160px;position:absolute;top:2419.12px;left:2278.87px;white-space:nowrap">10/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:3034.05px;white-space:nowrap">(4)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:7078.26px;white-space:nowrap">3/23
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2419.12px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,600,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:779.21px;white-space:nowrap">1,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">2.350%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:2278.87px;white-space:nowrap">10/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:3034.05px;white-space:nowrap">(4)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:7078.26px;white-space:nowrap">3/23
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2620.07px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,200,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;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:160px;position:absolute;top:2821.03px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:2051.67px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:2588.47px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:3260.94px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:3799.34px;letter-spacing:-0.36px;white-space:nowrap">Thruway
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:4454.37px;white-space:nowrap">Service
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:5020.44px;letter-spacing:-0.64px;white-space:nowrap">Areas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:1656px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:2232.79px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3205.03px;left:2714.7px;white-space:nowrap">2021:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:913.61px;white-space:nowrap">290
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;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:160px;position:absolute;top:3405.99px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">10/31/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:3030.85px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3405.99px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:9842.61px;letter-spacing:0px;white-space:nowrap">246,294</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:779.21px;white-space:nowrap">2,070
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;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:160px;position:absolute;top:3606.95px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">4/30/53,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3606.95px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,699,491</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:779.21px;white-space:nowrap">3,815
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;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:160px;position:absolute;top:3807.91px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:5702.67px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:6098.34px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:1656px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:2317.27px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:2859.51px;letter-spacing:-0.29px;white-space:nowrap">LaGuardia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:3648.78px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:4200.29px;letter-spacing:-1.71px;white-space:nowrap">Terminal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:4865.25px;white-space:nowrap">B
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:5007.01px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3999.91px;left:6211.63px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:2697.9px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:3320.77px;letter-spacing:-0.53px;white-space:nowrap">1/01/50,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4191.91px;left:3979.96px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:7078.26px;white-space:nowrap">7/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;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:160px;position:absolute;top:3807.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:8706.57px;white-space:nowrap">Baa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3807.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,805,691</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4392.87px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4392.87px;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:160px;position:absolute;top:4392.87px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4392.87px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4392.87px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4392.87px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:2051.67px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:2620.79px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:3157.59px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:3830.06px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:4369.41px;white-space:nowrap">American
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4584.87px;left:5107.33px;letter-spacing:-0.48px;white-space:nowrap">Airlines,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:1945.44px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:2348.15px;white-space:nowrap">F
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:2478.07px;letter-spacing:-0.6px;white-space:nowrap">Kennedy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:3162.7px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:4118.21px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4776.87px;left:4673.56px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4968.87px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4968.87px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4968.87px;left:2932.46px;white-space:nowrap">2016:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:913.61px;white-space:nowrap">655
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:5169.83px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">8/01/26,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5169.83px;left:8970.24px;white-space:nowrap">B
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5169.83px;left:9842.61px;letter-spacing:0px;white-space:nowrap">655,281</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:779.21px;white-space:nowrap">2,625
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:5370.79px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">8/01/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5370.79px;left:8970.24px;white-space:nowrap">B
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5370.79px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,627,389</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:913.61px;white-space:nowrap">105
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;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:160px;position:absolute;top:5571.75px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:5702.67px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:6098.34px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:1656px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:2192.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:2865.27px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:3404.62px;white-space:nowrap">American
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:4142.54px;letter-spacing:-0.48px;white-space:nowrap">Airlines,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:4764.77px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:5054.21px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:5456.92px;white-space:nowrap">F
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5763.75px;left:5586.84px;letter-spacing:-0.6px;white-space:nowrap">Kennedy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:1656px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:2611.51px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:3166.86px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:3743.65px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:4225.56px;letter-spacing:-0.8px;white-space:nowrap">2020,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:4673.55px;letter-spacing:-0.6px;white-space:nowrap">5.375%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:5296.42px;letter-spacing:-0.53px;white-space:nowrap">8/01/36,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5955.75px;left:5955.61px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:7078.26px;white-space:nowrap">8/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5571.75px;left:8970.24px;white-space:nowrap">B
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5571.75px;left:9841.61px;white-space:nowrap">106,100</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:913.61px;white-space:nowrap">290
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;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:160px;position:absolute;top:6156.71px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:5702.67px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:6098.34px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:1656px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:2192.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:2865.27px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:3403.66px;letter-spacing:-1.71px;white-space:nowrap">Terminal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:4068.62px;white-space:nowrap">4
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:4199.5px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:4602.21px;white-space:nowrap">F
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:4732.13px;letter-spacing:-0.6px;white-space:nowrap">Kennedy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:5416.76px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6348.71px;left:6372.27px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6540.71px;left:1656px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6540.71px;left:2232.79px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6540.71px;left:2714.7px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6540.71px;left:3274.69px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6540.71px;left:3897.56px;letter-spacing:-0.48px;white-space:nowrap">12/01/37,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6540.71px;left:4649.55px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6156.71px;left:8706.57px;white-space:nowrap">Baa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6156.71px;left:9841.61px;white-space:nowrap">299,266</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:913.61px;white-space:nowrap">340
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;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:160px;position:absolute;top:6741.67px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:5702.67px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:6098.34px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6933.67px;left:1656px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6933.67px;left:2192.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6933.67px;left:2865.27px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6933.67px;left:3403.66px;letter-spacing:-1.71px;white-space:nowrap">Terminal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6933.67px;left:4068.62px;white-space:nowrap">4
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6933.67px;left:4199.5px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6933.67px;left:4602.21px;white-space:nowrap">F
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6933.67px;left:4732.13px;letter-spacing:-0.6px;white-space:nowrap">Kennedy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6933.67px;left:5416.76px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6933.67px;left:6372.27px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7125.67px;left:1656px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7125.67px;left:2232.79px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7125.67px;left:2714.7px;letter-spacing:-0.69px;white-space:nowrap">2020C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7125.67px;left:3277.89px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7125.67px;left:3900.76px;white-space:nowrap">12/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;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:160px;position:absolute;top:6741.67px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:8706.57px;white-space:nowrap">Baa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6741.67px;left:9841.61px;white-space:nowrap">363,800</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:779.21px;white-space:nowrap">1,785
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;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:160px;position:absolute;top:7326.63px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:5702.67px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:6098.34px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7518.63px;left:1656px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7518.63px;left:2192.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7518.63px;left:2865.27px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7518.63px;left:3403.66px;letter-spacing:-1.71px;white-space:nowrap">Terminal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7518.63px;left:4068.62px;white-space:nowrap">4
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7518.63px;left:4199.5px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7518.63px;left:4602.21px;white-space:nowrap">F
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7518.63px;left:4732.13px;letter-spacing:-0.6px;white-space:nowrap">Kennedy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7518.63px;left:5416.76px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7518.63px;left:6372.27px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7710.63px;left:1656px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7710.63px;left:2232.79px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7710.63px;left:2714.7px;letter-spacing:-0.8px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7710.63px;left:3162.69px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7710.63px;left:3785.56px;letter-spacing:-0.48px;white-space:nowrap">12/01/35,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7710.63px;left:4537.55px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:6985.46px;white-space:nowrap">12/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;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:160px;position:absolute;top:7326.63px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:8706.57px;white-space:nowrap">Baa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7326.63px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,881,818</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7911.59px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7911.59px;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:160px;position:absolute;top:7911.59px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7911.59px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7911.59px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7911.59px;left:5333.39px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8103.59px;left:1656px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8103.59px;left:2192.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8103.59px;left:2865.27px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8103.59px;left:3407.5px;white-space:nowrap">Delta
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8103.59px;left:3833.74px;white-space:nowrap">Air
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8103.59px;left:4083.33px;letter-spacing:-0.69px;white-space:nowrap">Lines,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8103.59px;left:4537.25px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8103.59px;left:4828.6px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8103.59px;left:4919.8px;letter-spacing:-0.29px;white-space:nowrap">LaGuardia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8295.59px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8295.59px;left:2207.51px;letter-spacing:-1.54px;white-space:nowrap">Terminals
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8295.59px;left:2943.5px;white-space:nowrap">C&amp;D
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8295.59px;left:3332.46px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8295.59px;left:4537.09px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8295.59px;left:5113.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8487.59px;left:1656px;white-space:nowrap">2018:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8688.55px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8688.55px;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:160px;position:absolute;top:8688.55px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/01/27,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8688.55px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8688.55px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8688.55px;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:160px;position:absolute;top:8688.55px;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:160px;position:absolute;top:8688.55px;left:8706.57px;white-space:nowrap">Baa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8688.55px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,056,700</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8889.51px;left:913.61px;white-space:nowrap">400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8889.51px;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:160px;position:absolute;top:8889.51px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/01/28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8889.51px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8889.51px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8889.51px;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:160px;position:absolute;top:8889.51px;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:160px;position:absolute;top:8889.51px;left:8706.57px;white-space:nowrap">Baa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8889.51px;left:9842.61px;letter-spacing:0px;white-space:nowrap">414,560</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9090.47px;left:913.61px;white-space:nowrap">850
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9090.47px;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:160px;position:absolute;top:9090.47px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/01/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9090.47px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9090.47px;left:7078.26px;white-space:nowrap">1/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9090.47px;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:160px;position:absolute;top:9090.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9090.47px;left:8706.57px;white-space:nowrap">Baa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9090.47px;left:9842.61px;letter-spacing:0px;white-space:nowrap">877,804</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9291.43px;left:913.61px;white-space:nowrap">400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9291.43px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9291.43px;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:160px;position:absolute;top:9291.43px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9291.43px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9291.43px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9291.43px;left:5333.39px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9291.43px;left:5902.51px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9483.43px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9483.43px;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:160px;position:absolute;top:9483.43px;left:2870.7px;white-space:nowrap">Delta
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9483.43px;left:3296.94px;white-space:nowrap">Air
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9483.43px;left:3546.54px;letter-spacing:-0.69px;white-space:nowrap">Lines,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9483.43px;left:4000.45px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9483.43px;left:4291.81px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9483.43px;left:4383.01px;letter-spacing:-0.29px;white-space:nowrap">LaGuardia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9483.43px;left:5172.28px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9483.43px;left:5723.8px;letter-spacing:-1.54px;white-space:nowrap">Terminals
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9483.43px;left:6459.79px;white-space:nowrap">C&amp;D
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9675.43px;left:1656px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9675.43px;left:2860.63px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9675.43px;left:3437.42px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9675.43px;left:3919.33px;letter-spacing:-0.8px;white-space:nowrap">2020,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9675.43px;left:4367.32px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9675.43px;left:4990.19px;letter-spacing:-0.48px;white-space:nowrap">10/01/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9675.43px;left:5742.17px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9291.43px;left:6985.46px;white-space:nowrap">10/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9291.43px;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:160px;position:absolute;top:9291.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9291.43px;left:8706.57px;white-space:nowrap">Baa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9291.43px;left:9841.61px;white-space:nowrap">399,516</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9876.39px;left:779.21px;white-space:nowrap">3,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9876.39px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9876.39px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9876.39px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9876.39px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9876.39px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9876.39px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9876.39px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9876.39px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9876.39px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9876.39px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9876.39px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10068.39px;left:1656px;white-space:nowrap">One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10068.39px;left:2016.48px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10068.39px;left:2707.35px;white-space:nowrap">Eighty-Ninth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10068.39px;left:3655.65px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10068.39px;left:4137.56px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10068.39px;left:4585.56px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10068.39px;left:5208.42px;white-space:nowrap">5/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9876.39px;left:7078.26px;white-space:nowrap">5/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9876.39px;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:160px;position:absolute;top:9876.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9876.39px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9876.39px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,054,210</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10269.35px;left:779.21px;white-space:nowrap">1,575
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10269.35px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10269.35px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10269.35px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10269.35px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10269.35px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10269.35px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10269.35px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10269.35px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10269.35px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10269.35px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10269.35px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10461.35px;left:1656px;white-space:nowrap">One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10461.35px;left:2016.48px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10461.35px;left:2707.35px;white-space:nowrap">Seventy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10461.35px;left:3320.46px;white-space:nowrap">Ninth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10461.35px;left:3759.65px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10461.35px;left:4241.56px;letter-spacing:-0.8px;white-space:nowrap">2013,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10461.35px;left:4689.55px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10461.35px;left:5312.42px;white-space:nowrap">12/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10269.35px;left:6985.46px;white-space:nowrap">12/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10269.35px;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:160px;position:absolute;top:10269.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10269.35px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10269.35px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,587,568</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10662.3px;left:779.21px;white-space:nowrap">1,930
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10662.3px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10662.3px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10662.3px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10662.3px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10662.3px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10662.3px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10662.3px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10662.3px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10662.3px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10662.3px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10662.3px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10854.3px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Two
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10854.3px;left:1988.96px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10854.3px;left:2679.83px;white-space:nowrap">Eleventh
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10854.3px;left:3352.94px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10854.3px;left:3834.85px;letter-spacing:-0.8px;white-space:nowrap">2018,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10854.3px;left:4282.84px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10854.3px;left:4905.71px;white-space:nowrap">9/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10662.3px;left:7078.26px;white-space:nowrap">9/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10662.3px;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:160px;position:absolute;top:10662.3px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10662.3px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10662.3px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,845,620</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11055.26px;left:913.61px;white-space:nowrap">800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11055.26px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11055.26px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11055.26px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11055.26px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11055.26px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11055.26px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11055.26px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11055.26px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11055.26px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11055.26px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11055.26px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11247.26px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Two
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11247.26px;left:1988.96px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11247.26px;left:2679.83px;letter-spacing:-0.8px;white-space:nowrap">Fifth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11247.26px;left:3036.15px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11247.26px;left:3518.06px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11247.26px;left:3966.05px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11247.26px;left:4588.92px;white-space:nowrap">11/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11055.26px;left:6985.46px;white-space:nowrap">11/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11055.26px;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:160px;position:absolute;top:11055.26px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11055.26px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11055.26px;left:9841.61px;white-space:nowrap">848,408</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11448.22px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11448.22px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11448.22px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11448.22px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11448.22px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11448.22px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11448.22px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11448.22px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11448.22px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11448.22px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11448.22px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11448.22px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11640.22px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Two
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11640.22px;left:1988.96px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11640.22px;left:2675.99px;letter-spacing:-1.54px;white-space:nowrap">Twentieth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11640.22px;left:3421.9px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11640.22px;left:3903.81px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11640.22px;left:4351.8px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11640.22px;left:4974.67px;letter-spacing:-0.48px;white-space:nowrap">11/01/59,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11640.22px;left:5726.65px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11448.22px;left:6985.46px;white-space:nowrap">11/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11448.22px;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:160px;position:absolute;top:11448.22px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11448.22px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11448.22px;left:9841.61px;white-space:nowrap">876,690</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11841.18px;left:913.61px;white-space:nowrap">525
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11841.18px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11841.18px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11841.18px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11841.18px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11841.18px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11841.18px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11841.18px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11841.18px;left:5250.03px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11841.18px;left:5872.11px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12033.18px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12033.18px;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:160px;position:absolute;top:12033.18px;left:2870.7px;letter-spacing:-3.12px;white-space:nowrap">MTA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12033.18px;left:3243.18px;white-space:nowrap">Bridges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12033.18px;left:3848.13px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12033.18px;left:3996.93px;letter-spacing:-2.13px;white-space:nowrap">Tunnels,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12033.18px;left:4632.28px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12033.18px;left:5114.2px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12033.18px;left:5674.19px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12225.18px;left:1656px;white-space:nowrap">11/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11841.18px;left:7078.26px;white-space:nowrap">5/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:11841.18px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11841.18px;left:9841.61px;white-space:nowrap">546,588</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12426.14px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12426.14px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12426.14px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12426.14px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12426.14px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12426.14px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12426.14px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12426.14px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12426.14px;left:5250.03px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12426.14px;left:5872.11px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12618.14px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12618.14px;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:160px;position:absolute;top:12618.14px;left:2992.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12618.14px;left:3474.7px;letter-spacing:-0.69px;white-space:nowrap">2018C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12618.14px;left:4037.88px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12618.14px;left:4660.75px;white-space:nowrap">11/15/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12426.14px;left:6985.46px;white-space:nowrap">11/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12426.14px;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:160px;position:absolute;top:12426.14px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12426.14px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12426.14px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,159,880</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12819.1px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12819.1px;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:160px;position:absolute;top:12819.1px;left:9686.42px;white-space:nowrap">35,997,867
</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1875.64px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2652.21px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4186.6px;white-space:nowrap">Value
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5083.89px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:5911.31px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4681.96px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:5096.61px;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">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">NNY</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12484 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:578.32px;left:1852px;letter-spacing:-0.17px;white-space:nowrap">Guaranteed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;left:2809.27px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;left:2901.43px;white-space:nowrap">2.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;left:3341.9px;white-space:nowrap">(2.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;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:160px;font-weight:bold;position:absolute;top:578.32px;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:160px;font-weight:bold;position:absolute;top:578.32px;left:4452.93px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;left:5495px;white-space:nowrap">(5)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4828.27px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1039.28px;left:2870.7px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3276.78px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4030.37px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4812.27px;letter-spacing:-1.04px;white-space:nowrap">Facilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1231.28px;left:2137.91px;white-space:nowrap">2015A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:913.61px;white-space:nowrap">235</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1432.24px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1432.24px;left:3983.32px;white-space:nowrap">7/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:1432.24px;left:8781.76px;white-space:nowrap">Aa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1432.24px;left:9842.61px;letter-spacing:0px;white-space:nowrap">245,222
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:913.61px;white-space:nowrap">265</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1633.2px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/33,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1633.2px;left:3983.32px;white-space:nowrap">7/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1633.2px;left:8781.76px;white-space:nowrap">Aa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:9842.61px;letter-spacing:0px;white-space:nowrap">276,528</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1834.16px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:2198.23px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:2571.35px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3110.7px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3895.33px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:4377.24px;white-space:nowrap">2015A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:913.61px;white-space:nowrap">135
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;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:160px;position:absolute;top:2227.12px;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:160px;position:absolute;top:2227.12px;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:160px;position:absolute;top:2227.12px;left:3983.32px;white-space:nowrap">7/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2227.12px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2227.12px;left:9842.61px;letter-spacing:0px;white-space:nowrap">140,719</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2428.07px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:1656px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:2748.94px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:3421.42px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:3963.65px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2620.07px;left:4445.56px;white-space:nowrap">2013E:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:779.21px;white-space:nowrap">1,100
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:2821.03px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">11/15/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;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:160px;position:absolute;top:2821.03px;left:4076.12px;white-space:nowrap">11/15/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:6985.46px;white-space:nowrap">11/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2821.03px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2821.03px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,114,399</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:779.21px;white-space:nowrap">1,680
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;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:160px;position:absolute;top:3021.99px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:5545.55px;letter-spacing:-1.37px;white-space:nowrap">Future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:6047.79px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:2298.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:2841.1px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:3779.65px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:4223.49px;white-space:nowrap">2013
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:4634.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:5116.6px;letter-spacing:-1.6px;white-space:nowrap">I,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:5234.99px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:5857.86px;letter-spacing:-0.53px;white-space:nowrap">5/01/38,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:6517.05px;letter-spacing:-2.11px;white-space:nowrap">(Pre-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:1656px;letter-spacing:-0.32px;white-space:nowrap">refunded
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3405.99px;left:2370.71px;white-space:nowrap">5/01/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:7078.26px;white-space:nowrap">5/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3021.99px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3021.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,684,939</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3606.95px;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:160px;position:absolute;top:3606.95px;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:160px;position:absolute;top:3606.95px;left:9779.22px;white-space:nowrap">3,461,807
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3921.27px;left:1512px;white-space:nowrap">Utilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3921.27px;left:2149.75px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3921.27px;left:2241.9px;white-space:nowrap">15.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3921.27px;left:2785.74px;white-space:nowrap">(15.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3921.27px;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:160px;font-weight:bold;position:absolute;top:3921.27px;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:160px;font-weight:bold;position:absolute;top:3921.27px;left:4000.13px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:913.61px;white-space:nowrap">300</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:1512px;letter-spacing:-0.36px;white-space:nowrap">Buffalo
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:2061.76px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:2814.87px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:3288.3px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:3895.34px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:4639.49px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:5008.77px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:5402.52px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:5875.96px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4382.23px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4382.23px;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:160px;position:absolute;top:4382.23px;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:160px;position:absolute;top:4382.23px;left:3665.26px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4382.23px;left:4147.17px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4382.23px;left:4707.16px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4382.23px;left:5330.03px;white-space:nowrap">7/01/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;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:160px;position:absolute;top:4190.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:8853.44px;white-space:nowrap">A+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:9841.61px;white-space:nowrap">311,337</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:913.61px;white-space:nowrap">420
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:1922.56px;white-space:nowrap">Island
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:2395.83px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:2880.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:3624.61px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:3993.89px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:4389.56px;white-space:nowrap">Electric
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:4964.44px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:5525.39px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:6147.46px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4775.19px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4775.19px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4775.19px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4775.19px;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:160px;position:absolute;top:4775.19px;left:3863px;white-space:nowrap">9/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:7078.26px;white-space:nowrap">9/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4583.19px;left:8962.88px;letter-spacing:-2.88px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:9841.61px;white-space:nowrap">423,541</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:913.61px;white-space:nowrap">580
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:1922.56px;white-space:nowrap">Island
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:2395.83px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:2880.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:3624.61px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:3993.89px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:4389.56px;white-space:nowrap">Electric
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:4964.44px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:5525.39px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:6147.46px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5168.15px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5168.15px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5168.15px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2016B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5168.15px;left:3229.89px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5168.15px;left:3852.76px;white-space:nowrap">9/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:7078.26px;white-space:nowrap">9/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;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:160px;position:absolute;top:4976.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:8962.88px;letter-spacing:-2.88px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:9841.61px;white-space:nowrap">594,024</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:779.21px;white-space:nowrap">3,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;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:160px;position:absolute;top:5369.11px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.11px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.11px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.11px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.11px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.11px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.11px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.11px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.11px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.11px;left:6391.14px;white-space:nowrap">2017
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.11px;left:1656px;white-space:nowrap">Adjustable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.11px;left:2483.99px;letter-spacing:-0.7px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.11px;left:2843.99px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.11px;left:3325.9px;letter-spacing:-0.8px;white-space:nowrap">BB-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.11px;left:3750.21px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.11px;left:4373.08px;white-space:nowrap">6/15/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:7078.26px;white-space:nowrap">6/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;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:160px;position:absolute;top:5369.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,145,350</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5954.07px;left:779.21px;white-space:nowrap">2,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5954.07px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5954.07px;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:160px;position:absolute;top:5954.07px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5954.07px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5954.07px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5954.07px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5954.07px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5954.07px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5954.07px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5954.07px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5954.07px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6146.07px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6146.07px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6146.07px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6146.07px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6146.07px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6146.07px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6146.07px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6146.07px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6146.07px;left:6391.14px;white-space:nowrap">2020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6338.07px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6338.07px;left:2137.91px;letter-spacing:-1.2px;white-space:nowrap">EE,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6338.07px;left:2404.15px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6338.07px;left:3027.02px;white-space:nowrap">6/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5954.07px;left:7078.26px;white-space:nowrap">6/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5954.07px;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:160px;position:absolute;top:5954.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5954.07px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5954.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,153,822</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6539.03px;left:779.21px;white-space:nowrap">1,145
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6539.03px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6539.03px;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:160px;position:absolute;top:6539.03px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6539.03px;left:2564.15px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6539.03px;left:3317.26px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6539.03px;left:3790.69px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6539.03px;left:4397.73px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6539.03px;left:5141.88px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6539.03px;left:5511.16px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6539.03px;left:5904.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6539.03px;left:6378.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6731.03px;left:1656px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6731.03px;left:2146.23px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6731.03px;left:2707.18px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6731.03px;left:3301.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6731.03px;left:3923.65px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6731.03px;left:4732.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6731.03px;left:5405.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6731.03px;left:5947.31px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6731.03px;left:6391.14px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6923.03px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6923.03px;left:2135.03px;letter-spacing:-0.8px;white-space:nowrap">AA-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6923.03px;left:2579.83px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6923.03px;left:3202.7px;white-space:nowrap">6/15/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6539.03px;left:6985.46px;white-space:nowrap">12/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6539.03px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6539.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,265,362</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7123.99px;left:779.21px;white-space:nowrap">2,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7123.99px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7123.99px;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:160px;position:absolute;top:7123.99px;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:160px;position:absolute;top:7123.99px;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:160px;position:absolute;top:7123.99px;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:160px;position:absolute;top:7123.99px;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:160px;position:absolute;top:7123.99px;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:160px;position:absolute;top:7123.99px;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:160px;position:absolute;top:7123.99px;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:160px;position:absolute;top:7315.99px;left:1656px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7315.99px;left:1976.32px;white-space:nowrap">Drinking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7315.99px;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:160px;position:absolute;top:7315.99px;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:160px;position:absolute;top:7315.99px;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:160px;position:absolute;top:7315.99px;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:160px;position:absolute;top:7315.99px;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:160px;position:absolute;top:7315.99px;left:5565.71px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7315.99px;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:160px;position:absolute;top:7507.99px;left:1656px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7507.99px;left:1979.99px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7507.99px;left:2733.11px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7507.99px;left:3206.54px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7507.99px;left:3813.58px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7507.99px;left:4526.69px;letter-spacing:-1.54px;white-space:nowrap">Projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7507.99px;left:5174.52px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7507.99px;left:5768.91px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7699.99px;left:1656px;letter-spacing:-0.34px;white-space:nowrap">Subordinated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7699.99px;left:2696.47px;white-space:nowrap">SRF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7699.99px;left:3012.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7699.99px;left:3494.38px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7699.99px;left:4054.37px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7699.99px;left:4677.24px;white-space:nowrap">6/15/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7123.99px;left:7078.26px;white-space:nowrap">6/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7123.99px;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:160px;position:absolute;top:7123.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7123.99px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7123.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,571,225</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7900.95px;left:779.21px;white-space:nowrap">4,300
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7900.95px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7900.95px;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:160px;position:absolute;top:7900.95px;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:160px;position:absolute;top:7900.95px;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:160px;position:absolute;top:7900.95px;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:160px;position:absolute;top:7900.95px;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:160px;position:absolute;top:7900.95px;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:160px;position:absolute;top:7900.95px;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:160px;position:absolute;top:7900.95px;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:160px;position:absolute;top:8092.95px;left:1656px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8092.95px;left:1976.32px;white-space:nowrap">Drinking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8092.95px;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:160px;position:absolute;top:8092.95px;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:160px;position:absolute;top:8092.95px;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:160px;position:absolute;top:8092.95px;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:160px;position:absolute;top:8092.95px;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:160px;position:absolute;top:8092.95px;left:5565.71px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8092.95px;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:160px;position:absolute;top:8092.95px;left:6293.87px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8284.95px;left:1656px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8284.95px;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:160px;position:absolute;top:8284.95px;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:160px;position:absolute;top:8284.95px;left:3489.59px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8284.95px;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:160px;position:absolute;top:8284.95px;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:160px;position:absolute;top:8284.95px;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:160px;position:absolute;top:8476.95px;left:1656px;letter-spacing:-0.34px;white-space:nowrap">Subordinated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8476.95px;left:2696.47px;white-space:nowrap">SRF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8476.95px;left:3012.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8476.95px;left:3494.38px;letter-spacing:-0.69px;white-space:nowrap">2017E,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8476.95px;left:4037.09px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8476.95px;left:4659.96px;white-space:nowrap">6/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7900.95px;left:7078.26px;white-space:nowrap">6/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:7900.95px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7900.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,549,615</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8677.91px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8677.91px;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:160px;position:absolute;top:8677.91px;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:160px;position:absolute;top:8677.91px;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:160px;position:absolute;top:8677.91px;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:160px;position:absolute;top:8677.91px;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:160px;position:absolute;top:8869.91px;left:1656px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8869.91px;left:2062.07px;letter-spacing:-0.16px;white-space:nowrap">Clean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8869.91px;left:2524.63px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8869.91px;left:2998.06px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8869.91px;left:3318.38px;white-space:nowrap">Drinking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8869.91px;left:3983.81px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8869.91px;left:4457.25px;letter-spacing:-0.19px;white-space:nowrap">Revolving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9061.91px;left:1656px;letter-spacing:-1.12px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9061.91px;left:2138.08px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9061.91px;left:2810.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9061.91px;left:3352.78px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9061.91px;left:3722.06px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9061.91px;left:4080.93px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9061.91px;left:4404.93px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9061.91px;left:5158.04px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9253.91px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9253.91px;left:2263.04px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9253.91px;left:2976.15px;letter-spacing:-0.66px;white-space:nowrap">Projects-Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9253.91px;left:4190.85px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9253.91px;left:4999.8px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9445.91px;left:1656px;letter-spacing:-0.34px;white-space:nowrap">Subordinated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9445.91px;left:2696.47px;white-space:nowrap">SRF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9445.91px;left:3012.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9445.91px;left:3494.38px;white-space:nowrap">2018B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9646.87px;left:913.61px;white-space:nowrap">500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9646.87px;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:160px;position:absolute;top:9646.87px;left:2278.87px;white-space:nowrap">6/15/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9646.87px;left:7078.26px;white-space:nowrap">6/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:9646.87px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9646.87px;left:9842.61px;letter-spacing:0px;white-space:nowrap">534,045</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9847.83px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9847.83px;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:160px;position:absolute;top:9847.83px;left:2278.87px;white-space:nowrap">6/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9847.83px;left:7078.26px;white-space:nowrap">6/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:9847.83px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9847.83px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,061,480</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;left:779.21px;white-space:nowrap">1,895
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;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:160px;position:absolute;top:10048.79px;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:160px;position:absolute;top:10048.79px;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:160px;position:absolute;top:10048.79px;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:160px;position:absolute;top:10048.79px;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:160px;position:absolute;top:10048.79px;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:160px;position:absolute;top:10048.79px;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:160px;position:absolute;top:10048.79px;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:160px;position:absolute;top:10240.79px;left:1656px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10240.79px;left:1976.32px;white-space:nowrap">Drinking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10240.79px;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:160px;position:absolute;top:10240.79px;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:160px;position:absolute;top:10240.79px;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:160px;position:absolute;top:10240.79px;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:160px;position:absolute;top:10240.79px;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:160px;position:absolute;top:10240.79px;left:5565.71px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10240.79px;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:160px;position:absolute;top:10240.79px;left:6293.87px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10432.79px;left:1656px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10432.79px;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:160px;position:absolute;top:10432.79px;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:160px;position:absolute;top:10432.79px;left:3489.59px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10432.79px;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:160px;position:absolute;top:10432.79px;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:160px;position:absolute;top:10432.79px;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:160px;position:absolute;top:10624.79px;left:1656px;letter-spacing:-0.34px;white-space:nowrap">Subordinated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10624.79px;left:2696.47px;white-space:nowrap">SRF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10624.79px;left:3012.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10624.79px;left:3494.38px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10624.79px;left:4054.37px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10624.79px;left:4677.24px;white-space:nowrap">6/15/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;left:7078.26px;white-space:nowrap">6/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;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:160px;position:absolute;top:10048.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,066,649</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10825.75px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10825.75px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10825.75px;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:160px;position:absolute;top:10825.75px;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:160px;position:absolute;top:10825.75px;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:160px;position:absolute;top:10825.75px;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:160px;position:absolute;top:10825.75px;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:160px;position:absolute;top:10825.75px;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:160px;position:absolute;top:10825.75px;left:5772.75px;letter-spacing:-0.19px;white-space:nowrap">Revolving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11017.75px;left:1656px;letter-spacing:-1.12px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11017.75px;left:2138.08px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11017.75px;left:2810.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11017.75px;left:3352.78px;white-space:nowrap">2010
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11017.75px;left:3763.97px;white-space:nowrap">Master
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11017.75px;left:4302.04px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11017.75px;left:5054.52px;letter-spacing:-1.92px;white-space:nowrap">Program,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11017.75px;left:5752.43px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11017.75px;left:6234.34px;letter-spacing:-0.69px;white-space:nowrap">2012B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11209.75px;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:160px;position:absolute;top:11209.75px;left:2278.87px;white-space:nowrap">2/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10825.75px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:10825.75px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10825.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,001,410</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11410.71px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11410.71px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11410.71px;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:160px;position:absolute;top:11410.71px;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:160px;position:absolute;top:11410.71px;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:160px;position:absolute;top:11410.71px;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:160px;position:absolute;top:11410.71px;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:160px;position:absolute;top:11410.71px;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:160px;position:absolute;top:11410.71px;left:5772.75px;letter-spacing:-0.19px;white-space:nowrap">Revolving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11602.71px;left:1656px;letter-spacing:-1.12px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11602.71px;left:2138.08px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11602.71px;left:2810.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11602.71px;left:3352.78px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11602.71px;left:3848.13px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11602.71px;left:4330.05px;letter-spacing:-0.69px;white-space:nowrap">2022B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11602.71px;left:4879.79px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11602.71px;left:5502.66px;white-space:nowrap">9/15/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11410.71px;left:7078.26px;white-space:nowrap">9/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:11410.71px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11410.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,231,140</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11803.66px;left:913.61px;white-space:nowrap">500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11803.66px;left:1512px;letter-spacing:-0.24px;white-space:nowrap">Niagara
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11803.66px;left:2124.48px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11803.66px;left:2507.19px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11803.66px;left:3545.58px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11803.66px;left:4511.33px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11803.66px;left:4880.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11803.66px;left:5276.28px;white-space:nowrap">Solid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11803.66px;left:5684.6px;letter-spacing:-0.96px;white-space:nowrap">Waste
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11803.66px;left:6173.07px;white-space:nowrap">Disposal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11995.66px;left:1656px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11995.66px;left:2192.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11995.66px;left:2865.27px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11995.66px;left:3659.82px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11995.66px;left:4202.05px;letter-spacing:-0.24px;white-space:nowrap">Covanta
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11995.66px;left:4845.73px;letter-spacing:-0.41px;white-space:nowrap">Energy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11995.66px;left:5398.84px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11995.66px;left:5975.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12187.66px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12187.66px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">4.750%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12187.66px;left:2838.86px;letter-spacing:-0.48px;white-space:nowrap">11/01/42,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12187.66px;left:3590.84px;letter-spacing:-0.69px;white-space:nowrap">(AMT),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12187.66px;left:4108.6px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11803.66px;left:7078.26px;white-space:nowrap">7/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11803.66px;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:160px;position:absolute;top:11803.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11803.66px;left:8877.44px;white-space:nowrap">B1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11803.66px;left:9841.61px;white-space:nowrap">434,090</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,[encoded data, 13268 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">Utility
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1965.43px;white-space:nowrap">Debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2370.71px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3386.85px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4131px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4500.28px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4895.95px;letter-spacing:-0.14px;white-space:nowrap">Restructuring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1039.28px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2680.14px;white-space:nowrap">2013TE:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1240.24px;left:2278.87px;white-space:nowrap">12/15/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:6985.46px;white-space:nowrap">12/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1240.24px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1240.24px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,024,400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:779.21px;white-space:nowrap">2,005</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1441.2px;left:2278.87px;white-space:nowrap">12/15/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:6985.46px;white-space:nowrap">12/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1441.2px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1441.2px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,025,872</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1642.16px;left:1902.08px;white-space:nowrap">Utilities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1642.16px;left:9686.42px;white-space:nowrap">26,393,362
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1843.12px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1843.12px;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:160px;font-weight:bold;position:absolute;top:1843.12px;left:2776.63px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1843.12px;left:3763.97px;white-space:nowrap">(cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1843.12px;left:4175.33px;white-space:nowrap">$168,098,061)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1843.12px;left:9413.77px;letter-spacing:0px;white-space:nowrap">166,729,344
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2044.07px;left:1512px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2044.07px;left:2002.24px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2044.07px;left:2540.31px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2044.07px;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:160px;font-weight:bold;position:absolute;top:2044.07px;left:3536.13px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2044.07px;left:3857.4px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2044.07px;left:3949.56px;white-space:nowrap">0.6%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2044.07px;left:9620.49px;letter-spacing:0px;white-space:nowrap">1,019,819
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2245.03px;left:1512px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2245.03px;left:1830.4px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2245.03px;left:2365.59px;white-space:nowrap">Applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2245.03px;left:3247.02px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2245.03px;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:160px;font-weight:bold;position:absolute;top:2245.03px;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:160px;font-weight:bold;position:absolute;top:2245.03px;left:4748.76px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2245.03px;left:4840.92px;white-space:nowrap">100%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2245.03px;left:9072px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2245.03px;left:9413.77px;letter-spacing:0px;white-space:nowrap">167,749,163</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2535.99px;left:0px;white-space:nowrap">(1)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2535.99px;left:648px;white-space:nowrap">All
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2535.99px;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:160px;position:absolute;top:2535.99px;left:1832.79px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2535.99px;left:2347.18px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2535.99px;left:2520.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2535.99px;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:160px;position:absolute;top:2535.99px;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:160px;position:absolute;top:2535.99px;left:3632.92px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2535.99px;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:160px;position:absolute;top:2535.99px;left:4818.02px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2535.99px;left:5309.85px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2535.99px;left:5540.57px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2535.99px;left:5815.77px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2535.99px;left:6296.55px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2535.99px;left:7104.71px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2535.99px;left:7293.19px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2535.99px;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:160px;position:absolute;top:2535.99px;left:8491.25px;white-space:nowrap">unless
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2535.99px;left:8991.08px;white-space:nowrap">otherwise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2535.99px;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:160px;position:absolute;top:2736.95px;left:0px;white-space:nowrap">(2)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2736.95px;left:648px;white-space:nowrap">Optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2736.95px;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:160px;position:absolute;top:2736.95px;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:160px;position:absolute;top:2736.95px;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:160px;position:absolute;top:2736.95px;left:2925.89px;white-space:nowrap">(month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2736.95px;left:3489.88px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2736.95px;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:160px;position:absolute;top:2736.95px;left:4209.87px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2736.95px;left:4530.19px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2736.95px;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:160px;position:absolute;top:2736.95px;left:5200.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2736.95px;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:160px;position:absolute;top:2736.95px;left:6043.44px;white-space:nowrap">optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2736.95px;left:6690px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2736.95px;left:6976.08px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2736.95px;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:160px;position:absolute;top:2736.95px;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:160px;position:absolute;top:2736.95px;left:8567.74px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2736.95px;left:8912.54px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2736.95px;left:9145.97px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2736.95px;left:9576.85px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2736.95px;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:160px;position:absolute;top:2736.95px;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:160px;position:absolute;top:2928.95px;left:648px;white-space:nowrap">varying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2928.95px;left:1221.27px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2928.95px;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:160px;position:absolute;top:2928.95px;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:160px;position:absolute;top:2928.95px;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:160px;position:absolute;top:2928.95px;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:160px;position:absolute;top:2928.95px;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:160px;position:absolute;top:2928.95px;left:4642.35px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2928.95px;left:5368.73px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2928.95px;left:5713.53px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2928.95px;left:5946.97px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2928.95px;left:6515.28px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2928.95px;left:6703.75px;white-space:nowrap">periodic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2928.95px;left:7354.15px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2928.95px;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:160px;position:absolute;top:2928.95px;left:8898.61px;white-space:nowrap">Optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2928.95px;left:9583.4px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2928.95px;left:9901.8px;letter-spacing:-0.96px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2928.95px;left:10670.27px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3120.95px;left:648px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3120.95px;left:929.44px;letter-spacing:-0.36px;white-space:nowrap">covered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3120.95px;left:1564.95px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3120.95px;left:1784.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3120.95px;left:2060.46px;letter-spacing:-0.69px;white-space:nowrap">report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3120.95px;left:2552.45px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3120.95px;left:2741.25px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3120.95px;left:3730.84px;letter-spacing:-0.52px;white-space:nowrap">registered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3120.95px;left:4519.62px;white-space:nowrap">public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3120.95px;left:5016.42px;white-space:nowrap">accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3120.95px;left:5870.33px;text-rendering:optimizeLegibility;letter-spacing:-0.96px;white-space:nowrap">firm.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:0px;white-space:nowrap">(3)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:648px;letter-spacing:-1.92px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:925.6px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:1569.75px;letter-spacing:-0.48px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:2295.82px;letter-spacing:-0.48px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:3057.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:3333.24px;letter-spacing:-0.44px;white-space:nowrap">ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:3868.6px;white-space:nowrap">disclosed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:4604.11px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:4875.78px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:5151.3px;white-space:nowrap">highest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:5732.25px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:5921.04px;letter-spacing:-0.43px;white-space:nowrap">Standard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:6623.44px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:6776.08px;letter-spacing:-2.19px;white-space:nowrap">Poor&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:7253.19px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:7764.86px;letter-spacing:-0.35px;white-space:nowrap">(&#8220;Standard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:8577.17px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:8729.81px;letter-spacing:-2.02px;white-space:nowrap">Poor&#8217;s&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:9353.63px;letter-spacing:-0.96px;white-space:nowrap">Moody&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3321.91px;left:10009.78px;white-space:nowrap">Investors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:648px;letter-spacing:-0.53px;white-space:nowrap">Service,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:1253.75px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:1545.11px;letter-spacing:-0.64px;white-space:nowrap">(&#8220;Moody&#8217;s&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:2421.09px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:2616.45px;letter-spacing:-1.1px;white-space:nowrap">Fitch,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:3044.29px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:3335.64px;letter-spacing:-0.29px;white-space:nowrap">(&#8220;Fitch&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:3946.52px;letter-spacing:-1.04px;white-space:nowrap">rating.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:4443.79px;letter-spacing:-0.58px;white-space:nowrap">This
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:4776.43px;letter-spacing:-0.54px;white-space:nowrap">treatment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:5523.46px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:5712.25px;letter-spacing:-0.29px;white-space:nowrap">split-rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:6490.8px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:7217.19px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:7561.98px;letter-spacing:-0.41px;white-space:nowrap">differ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:7984.54px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:8365.5px;letter-spacing:-0.32px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:8684.05px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:9081.49px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:9324.04px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3513.91px;left:9754.91px;letter-spacing:-0.48px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:648px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:1025.28px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:1221.75px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:1464.31px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:1875.35px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:2716.13px;letter-spacing:-0.48px;white-space:nowrap">policies.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:3355.17px;letter-spacing:-0.44px;white-space:nowrap">Ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:3928.76px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:4419.63px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:4764.91px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:4984.9px;letter-spacing:-0.43px;white-space:nowrap">Standard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:5687.3px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:5839.94px;letter-spacing:-2.52px;white-space:nowrap">Poor&#8217;s,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:6353.84px;white-space:nowrap">Baa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:6666.48px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:6886.48px;letter-spacing:-0.96px;white-space:nowrap">Moody&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:7542.63px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:7737.99px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:8083.26px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:8303.26px;letter-spacing:-0.48px;white-space:nowrap">Fitch
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:8694.29px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:8965.97px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:9829.32px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:10017.8px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3705.91px;left:10251.23px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:648px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:1488.79px;letter-spacing:-0.96px;white-space:nowrap">grade.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:2001.26px;white-space:nowrap">Holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:2701.25px;letter-spacing:-0.15px;white-space:nowrap">designated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:3567.8px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:3885.08px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:4156.75px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:4438.19px;letter-spacing:-0.59px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:4861.86px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:5081.86px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:5378.34px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:5567.13px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:6005.2px;letter-spacing:-0.18px;white-space:nowrap">national
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:6629.2px;letter-spacing:-0.5px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:7093.51px;letter-spacing:-0.48px;white-space:nowrap">agencies.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:7823.9px;letter-spacing:-0.44px;white-space:nowrap">Ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:8397.5px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:8669.17px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:8950.61px;letter-spacing:-0.36px;white-space:nowrap">covered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:9586.12px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:9806.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:10081.64px;letter-spacing:-0.69px;white-space:nowrap">report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3897.91px;left:10573.63px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4089.91px;left:648px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4089.91px;left:1637.59px;letter-spacing:-0.52px;white-space:nowrap">registered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4089.91px;left:2426.37px;white-space:nowrap">public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4089.91px;left:2923.17px;white-space:nowrap">accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4089.91px;left:3777.08px;text-rendering:optimizeLegibility;letter-spacing:-0.96px;white-space:nowrap">firm.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4290.87px;left:0px;white-space:nowrap">(4)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4290.87px;left:648px;white-space:nowrap">Defaulted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4290.87px;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:160px;position:absolute;top:4290.87px;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:160px;position:absolute;top:4290.87px;left:2189.9px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4290.87px;left:2791.81px;white-space:nowrap">whose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4290.87px;left:3304.76px;white-space:nowrap">issuer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4290.87px;left:3768.91px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4290.87px;left:4058.67px;white-space:nowrap">failed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4290.87px;left:4505.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4290.87px;left:4693.54px;white-space:nowrap">fully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4290.87px;left:5032.42px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4290.87px;left:5337.54px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4290.87px;left:6017.05px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4290.87px;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:160px;position:absolute;top:4290.87px;left:7135.11px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4290.87px;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:160px;position:absolute;top:4290.87px;left:7935.42px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4290.87px;left:8130.78px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4290.87px;left:8281.82px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4290.87px;left:8758.77px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4290.87px;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:160px;position:absolute;top:4290.87px;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:160px;position:absolute;top:4290.87px;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:160px;position:absolute;top:4491.83px;left:0px;white-space:nowrap">(5)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4491.83px;left:648px;letter-spacing:-0.41px;white-space:nowrap">Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4491.83px;left:1227.36px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4491.83px;left:1447.35px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4491.83px;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:160px;position:absolute;top:4491.83px;left:2220.14px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4491.83px;left:2415.5px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4491.83px;left:2778.53px;white-space:nowrap">containing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4491.83px;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:160px;position:absolute;top:4491.83px;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:160px;position:absolute;top:4491.83px;left:4601.39px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4491.83px;left:5560.42px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4491.83px;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:160px;position:absolute;top:4491.83px;left:6074.17px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4491.83px;left:7033.2px;white-space:nowrap">agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4491.83px;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:160px;position:absolute;top:4491.83px;left:8365.5px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4491.83px;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:160px;position:absolute;top:4491.83px;left:9366.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4491.83px;left:9641.64px;white-space:nowrap">timely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4491.83px;left:10123.55px;white-space:nowrap">payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4491.83px;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:160px;position:absolute;top:4683.83px;left:648px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4683.83px;left:1327.51px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4683.83px;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:160px;position:absolute;top:4964.79px;left:0px;letter-spacing:-0.72px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4964.79px;left:648px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4964.79px;left:1490.39px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4964.79px;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:160px;position:absolute;top:4964.79px;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:160px;position:absolute;top:4964.79px;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:160px;position:absolute;top:4964.79px;left:3484.6px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4964.79px;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:160px;position:absolute;top:4964.79px;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:160px;position:absolute;top:4964.79px;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:160px;position:absolute;top:4964.79px;left:4936.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4964.79px;left:5212.1px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4964.79px;left:5954.81px;white-space:nowrap">Act
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4964.79px;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:160px;position:absolute;top:4964.79px;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:160px;position:absolute;top:4964.79px;left:6874.31px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4964.79px;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:160px;position:absolute;top:4964.79px;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:160px;position:absolute;top:4964.79px;left:8325.98px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4964.79px;left:9237.8px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4964.79px;left:9582.6px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4964.79px;left:9931.71px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5156.79px;left:648px;letter-spacing:-0.41px;white-space:nowrap">resold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5156.79px;left:1145.27px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5156.79px;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:160px;position:absolute;top:5156.79px;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:160px;position:absolute;top:5156.79px;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:160px;position:absolute;top:5156.79px;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:160px;position:absolute;top:5156.79px;left:4111.95px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5156.79px;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:160px;position:absolute;top:5156.79px;left:4849.55px;white-space:nowrap">normally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5156.79px;left:5523.3px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5156.79px;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:160px;position:absolute;top:5156.79px;left:6881.35px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5156.79px;left:7224.71px;text-rendering:optimizeLegibility;white-space:nowrap">qualified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5156.79px;left:7905.5px;white-space:nowrap">institutional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5156.79px;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:160px;position:absolute;top:5357.75px;left:0px;letter-spacing:-1.28px;white-space:nowrap">AMT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5357.75px;left:648px;letter-spacing:-0.13px;white-space:nowrap">Alternative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5357.75px;left:1477.27px;white-space:nowrap">Minimum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5357.75px;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">48</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:1501.35px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:2411.54px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:3409.98px;white-space:nowrap">Select
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:4604.94px;white-space:nowrap">Tax-Free
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:6345.7px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:3067.03px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:4271.13px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:4723.48px;white-space:nowrap">2023</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">NXN</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12272 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.98px;white-space:nowrap">Provisions</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.5px;white-space:nowrap">Ratings</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:464.96px;left:3768.62px;white-space:nowrap">100.5%&#160;(100.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:733.92px;left:405.42px;white-space:nowrap">49,219,723
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:733.92px;left:3171.66px;white-space:nowrap">100.5%&#160;&#160;(100.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:733.92px;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:160px;font-weight:bold;position:absolute;top:733.92px;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:160px;font-weight:bold;position:absolute;top:733.92px;left:5176.6px;white-space:nowrap">Investments)</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:801.92px;left:9614.42px;letter-spacing:0px;white-space:nowrap">49,219,723</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:1116.24px;left:3040.94px;white-space:nowrap">4.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1116.24px;left:3481.42px;white-space:nowrap">(4.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:1385.2px;left:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:913.61px;white-space:nowrap">435
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:1512px;white-space:nowrap">Erie
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:1835.84px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:2397.75px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:3053.59px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:3489.9px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:4508.92px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:5474.67px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:5843.95px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:6235.78px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:1656px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;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:160px;position:absolute;top:1577.2px;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:160px;position:absolute;top:1577.2px;left:4051.81px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:4533.72px;letter-spacing:-0.69px;white-space:nowrap">2005A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:5093.71px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1577.2px;left:5716.58px;white-space:nowrap">6/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1385.2px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1385.2px;left:8766.73px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1385.2px;left:9841.61px;white-space:nowrap">416,169
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;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:160px;position:absolute;top:1778.16px;left:2240.15px;letter-spacing:-0.21px;white-space:nowrap">Counties
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:2926.54px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:3581.42px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:3967.65px;letter-spacing:-1.2px;white-space:nowrap">VI,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:4185.73px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:4555.01px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1778.16px;left:4946.84px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;left:1656px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;left:2485.59px;letter-spacing:-1.18px;white-space:nowrap">Pass-Through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;left:3494.53px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;left:4036.76px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;left:4518.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1970.16px;left:5000.59px;white-space:nowrap">2016A-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;left:913.61px;white-space:nowrap">290
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;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:160px;position:absolute;top:2171.12px;left:2278.87px;white-space:nowrap">6/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;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:160px;position:absolute;top:2171.12px;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:160px;position:absolute;top:2171.12px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2171.12px;left:9842.61px;letter-spacing:0px;white-space:nowrap">298,378</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2372.07px;left:779.21px;white-space:nowrap">1,530
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2372.07px;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:160px;position:absolute;top:2372.07px;left:2278.87px;white-space:nowrap">6/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2372.07px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2372.07px;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:160px;position:absolute;top:2372.07px;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:160px;position:absolute;top:2372.07px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2372.07px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,584,101</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2573.03px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2573.03px;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:160px;position:absolute;top:2573.03px;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:160px;position:absolute;top:2573.03px;left:9779.22px;white-space:nowrap">2,298,648
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2887.35px;left:1512px;letter-spacing:-0.16px;white-space:nowrap">Education
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2887.35px;left:2328.63px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2887.35px;left:2663.03px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2887.35px;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:160px;font-weight:bold;position:absolute;top:2887.35px;left:4211.65px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2887.35px;left:4303.81px;white-space:nowrap">11.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2887.35px;left:4847.64px;white-space:nowrap">(11.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2887.35px;left:5446.2px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2887.35px;left:5645.55px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2887.35px;left:6062.03px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3156.31px;left:913.61px;white-space:nowrap">265</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3156.31px;left:1512px;letter-spacing:-0.36px;white-space:nowrap">Buffalo
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3156.31px;left:2061.76px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3156.31px;left:2382.07px;white-space:nowrap">Erie
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3156.31px;left:2705.91px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3156.31px;left:3271.66px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3156.31px;left:3986.21px;white-space:nowrap">Land
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3156.31px;left:4388.13px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3156.31px;left:5426.51px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3156.31px;left:6392.26px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3348.31px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3348.31px;left:2051.67px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3348.31px;left:2724.15px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3348.31px;left:3266.38px;white-space:nowrap">Enterprise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3348.31px;left:4055.64px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3348.31px;left:4645.07px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3348.31px;left:5184.43px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3348.31px;left:5761.22px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3348.31px;left:6243.13px;letter-spacing:-0.69px;white-space:nowrap">2011A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3540.31px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">7.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3540.31px;left:2278.87px;white-space:nowrap">12/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3156.31px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3156.31px;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:160px;position:absolute;top:3156.31px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3156.31px;left:8730.24px;letter-spacing:-1.28px;white-space:nowrap">CCC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3156.31px;left:9841.61px;white-space:nowrap">237,466</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3741.27px;left:1512px;white-space:nowrap">Build
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3741.27px;left:1928.96px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3741.27px;left:2298.23px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3741.27px;left:2657.11px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3741.27px;left:2981.1px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3741.27px;left:3694.53px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3741.27px;left:4660.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3741.27px;left:5029.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3933.27px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3933.27px;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:160px;position:absolute;top:3933.27px;left:2870.7px;white-space:nowrap">KIPP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3933.27px;left:3238.38px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3933.27px;left:3607.66px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3933.27px;left:3966.53px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3933.27px;left:4290.52px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3933.27px;left:4770.84px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4125.27px;left:1656px;letter-spacing:-1.04px;white-space:nowrap">Facilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4125.27px;left:2354.07px;letter-spacing:-0.48px;white-space:nowrap">Canal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4125.27px;left:2808.63px;letter-spacing:-1.15px;white-space:nowrap">West
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4125.27px;left:3211.66px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4125.27px;left:3788.46px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4125.27px;left:4270.37px;white-space:nowrap">2022:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4326.23px;left:1006.4px;white-space:nowrap">35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4326.23px;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:160px;position:absolute;top:4326.23px;left:2278.87px;white-space:nowrap">7/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4326.23px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4326.23px;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:160px;position:absolute;top:4326.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4326.23px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4326.23px;left:9935.41px;letter-spacing:0px;white-space:nowrap">35,711</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:913.61px;white-space:nowrap">100
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;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:160px;position:absolute;top:4527.19px;left:2278.87px;white-space:nowrap">7/01/62
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;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:160px;position:absolute;top:4527.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4527.19px;left:9842.61px;letter-spacing:0px;white-space:nowrap">100,587</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.15px;left:1512px;white-space:nowrap">Build
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.15px;left:1928.96px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.15px;left:2298.23px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.15px;left:2657.11px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.15px;left:2981.1px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.15px;left:3694.53px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.15px;left:4660.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.15px;left:5029.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4920.15px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4920.15px;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:160px;position:absolute;top:4920.15px;left:2870.7px;white-space:nowrap">South
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4920.15px;left:3335.66px;letter-spacing:-0.48px;white-space:nowrap">Bronx
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4920.15px;left:3800.29px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4920.15px;left:4389.72px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4920.15px;left:4929.08px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:1656px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:2614.39px;letter-spacing:-0.32px;white-space:nowrap">Cultures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:3263.81px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:3584.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:3856.77px;letter-spacing:-0.38px;white-space:nowrap">Arts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:4186.2px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:4762.99px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5112.15px;left:5244.91px;white-space:nowrap">2013A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5313.11px;left:1006.4px;white-space:nowrap">75
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5313.11px;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:160px;position:absolute;top:5313.11px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">4/15/33,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5313.11px;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:160px;position:absolute;top:5313.11px;left:7078.26px;white-space:nowrap">4/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5313.11px;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:160px;position:absolute;top:5313.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5313.11px;left:8761.93px;white-space:nowrap">BB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5313.11px;left:9935.41px;letter-spacing:0px;white-space:nowrap">74,117</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5514.07px;left:913.61px;white-space:nowrap">110
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5514.07px;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:160px;position:absolute;top:5514.07px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">4/15/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5514.07px;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:160px;position:absolute;top:5514.07px;left:7078.26px;white-space:nowrap">4/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5514.07px;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:160px;position:absolute;top:5514.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5514.07px;left:8761.93px;white-space:nowrap">BB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5514.07px;left:9842.61px;letter-spacing:0px;white-space:nowrap">103,349</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.03px;left:913.61px;white-space:nowrap">100
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.03px;left:1512px;white-space:nowrap">Build
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.03px;left:1928.96px;letter-spacing:-0.96px;white-space:nowrap">NYC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.03px;left:2298.87px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.03px;left:3012.31px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.03px;left:3978.05px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.03px;left:4347.33px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.03px;left:4743px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.03px;left:5415.48px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.03px;left:5957.71px;letter-spacing:-1.1px;white-space:nowrap">Family
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.03px;left:6465.07px;white-space:nowrap">Life
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5907.03px;left:1656px;white-space:nowrap">Academy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5907.03px;left:2386.23px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5907.03px;left:2975.66px;letter-spacing:-0.6px;white-space:nowrap">School,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5907.03px;left:3551.82px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5907.03px;left:4033.73px;letter-spacing:-0.53px;white-space:nowrap">2020C-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5907.03px;left:4740.91px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5907.03px;left:5363.78px;letter-spacing:-0.53px;white-space:nowrap">6/01/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5907.03px;left:6022.97px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.03px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.03px;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:160px;position:absolute;top:5715.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.03px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.03px;left:9934.41px;white-space:nowrap">81,697</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6107.99px;left:913.61px;white-space:nowrap">150
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6107.99px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6107.99px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6107.99px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6107.99px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6107.99px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6107.99px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6107.99px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6107.99px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6107.99px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6107.99px;left:5450.34px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6107.99px;left:6122.82px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6299.99px;left:1656px;white-space:nowrap">Saint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6299.99px;left:2053.44px;white-space:nowrap">Johns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6299.99px;left:2527.19px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6299.99px;left:3311.82px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6299.99px;left:3793.73px;letter-spacing:-0.69px;white-space:nowrap">2013A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6299.99px;left:4353.72px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6299.99px;left:4976.59px;white-space:nowrap">7/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6107.99px;left:7078.26px;white-space:nowrap">7/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6107.99px;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:160px;position:absolute;top:6107.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6107.99px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6107.99px;left:9841.61px;white-space:nowrap">150,240</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6500.95px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6500.95px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6500.95px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6500.95px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6500.95px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6500.95px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6500.95px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6500.95px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6500.95px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6692.95px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6692.95px;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:160px;position:absolute;top:6692.95px;left:2866.87px;letter-spacing:-1.8px;white-space:nowrap">Yeshiva
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6692.95px;left:3448.14px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6692.95px;left:4232.77px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6692.95px;left:4714.68px;white-space:nowrap">2022A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6893.91px;left:913.61px;white-space:nowrap">165
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6893.91px;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:160px;position:absolute;top:6893.91px;left:2278.87px;white-space:nowrap">7/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6893.91px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6893.91px;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:160px;position:absolute;top:6893.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6893.91px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6893.91px;left:9842.61px;letter-spacing:0px;white-space:nowrap">165,616</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7094.87px;left:1006.4px;white-space:nowrap">75
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7094.87px;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:160px;position:absolute;top:7094.87px;left:2278.87px;white-space:nowrap">7/15/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7094.87px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7094.87px;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:160px;position:absolute;top:7094.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7094.87px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7094.87px;left:9935.41px;letter-spacing:0px;white-space:nowrap">73,391</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7295.83px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7295.83px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7295.83px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7295.83px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7295.83px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7295.83px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7295.83px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7295.83px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7295.83px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7295.83px;left:4828.27px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7295.83px;left:5478.98px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7295.83px;left:6151.45px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7487.83px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">Fashion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7487.83px;left:2258.71px;white-space:nowrap">Institute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7487.83px;left:2880.94px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7487.83px;left:3065.9px;letter-spacing:-2.16px;white-space:nowrap">Technology,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7487.83px;left:3985.57px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7487.83px;left:4467.48px;letter-spacing:-0.8px;white-space:nowrap">2007,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7487.83px;left:4915.47px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7487.83px;left:5538.34px;white-space:nowrap">7/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7487.83px;left:6160.73px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7487.83px;left:6251.93px;white-space:nowrap">FGIC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7679.83px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7295.83px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7295.83px;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:160px;position:absolute;top:7295.83px;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:160px;position:absolute;top:7295.83px;left:8706.57px;white-space:nowrap">Baa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7295.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,048,660</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:913.61px;white-space:nowrap">605
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:6042.97px;white-space:nowrap">Icahn
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8072.79px;left:1656px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8072.79px;left:2195.36px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8072.79px;left:2384.15px;white-space:nowrap">Medicine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8072.79px;left:3103.82px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8072.79px;left:3278.38px;white-space:nowrap">Mount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8072.79px;left:3794.54px;letter-spacing:-0.69px;white-space:nowrap">Sinai,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8072.79px;left:4219.97px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8072.79px;left:5014.53px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8072.79px;left:5496.44px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8072.79px;left:6056.43px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8264.79px;left:1656px;white-space:nowrap">7/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;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:160px;position:absolute;top:7880.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7880.79px;left:9841.61px;white-space:nowrap">612,581</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:913.61px;white-space:nowrap">180
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:2290.72px;letter-spacing:0px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:3003.51px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:3191.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:3467.2px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:3872.96px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:4061.44px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:4430.4px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:4825.76px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:5497.92px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:6039.84px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:6412.64px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8657.75px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8657.75px;left:2440.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8657.75px;left:2922.54px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8657.75px;left:3482.53px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8657.75px;left:4105.4px;white-space:nowrap">7/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;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:160px;position:absolute;top:8465.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8465.75px;left:9841.61px;white-space:nowrap">152,761</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8858.71px;left:913.61px;white-space:nowrap">290
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8858.71px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8858.71px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8858.71px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8858.71px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8858.71px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8858.71px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8858.71px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8858.71px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8858.71px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8858.71px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8858.71px;left:6042.97px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8858.71px;left:6412.25px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9050.71px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9050.71px;left:2440.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9050.71px;left:2922.54px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9050.71px;left:3482.53px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9050.71px;left:4105.4px;white-space:nowrap">7/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8858.71px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8858.71px;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:160px;position:absolute;top:8858.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8858.71px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8858.71px;left:9841.61px;white-space:nowrap">300,101</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9251.66px;left:779.21px;white-space:nowrap">1,185
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9251.66px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9251.66px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9251.66px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9251.66px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9251.66px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9251.66px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9251.66px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9251.66px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9251.66px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9251.66px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9251.66px;left:6042.97px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9251.66px;left:6412.25px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9443.66px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9443.66px;left:2440.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9443.66px;left:2922.54px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9443.66px;left:3482.53px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9443.66px;left:4105.4px;white-space:nowrap">7/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9251.66px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9251.66px;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:160px;position:absolute;top:9251.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9251.66px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9251.66px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,242,840</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9644.62px;left:913.61px;white-space:nowrap">250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9644.62px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9644.62px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9644.62px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9644.62px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9644.62px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9644.62px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9644.62px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9644.62px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9644.62px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9644.62px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9644.62px;left:6040.1px;letter-spacing:-0.96px;white-space:nowrap">Vaughn
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:2271.83px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:2457.75px;letter-spacing:-0.24px;white-space:nowrap">Aeronautics
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:3366.86px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:3515.66px;letter-spacing:-2.16px;white-space:nowrap">Technology,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:4435.33px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:4917.24px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:5477.23px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9836.62px;left:6100.1px;letter-spacing:-0.48px;white-space:nowrap">12/01/36,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10028.62px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9644.62px;left:6985.46px;white-space:nowrap">12/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9644.62px;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:160px;position:absolute;top:9644.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9644.62px;left:8817.29px;white-space:nowrap">BB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9644.62px;left:9841.61px;white-space:nowrap">246,657</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:913.61px;white-space:nowrap">215
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:1512px;white-space:nowrap">Glen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:1901.44px;letter-spacing:-0.38px;white-space:nowrap">Cove
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:2322.07px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:2744.31px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:3505.91px;white-space:nowrap">Assistance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:4311.65px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:5277.4px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:5646.68px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:6042.35px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:2198.23px;white-space:nowrap">Garvies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:2786.54px;letter-spacing:-1.92px;white-space:nowrap">Point
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:3189.26px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:3669.57px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:4692.6px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:5269.39px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10421.58px;left:5822.35px;letter-spacing:-0.34px;white-space:nowrap">Appreciation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10613.58px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10613.58px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2016C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10613.58px;left:2701.1px;letter-spacing:-0.6px;white-space:nowrap">5.625%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10613.58px;left:3323.97px;white-space:nowrap">1/01/55
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:7078.26px;white-space:nowrap">1/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;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:160px;position:absolute;top:10229.58px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10229.58px;left:9841.61px;white-space:nowrap">182,040</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:913.61px;white-space:nowrap">110
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:1512px;letter-spacing:-0.1px;white-space:nowrap">Hempstead
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:2397.11px;letter-spacing:-3.07px;white-space:nowrap">Town
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:2823.03px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:3245.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:4283.65px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:5249.4px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:5618.67px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:6014.35px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11006.54px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11006.54px;left:2195.35px;white-space:nowrap">Adelphi
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11006.54px;left:2815.99px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11006.54px;left:3569.57px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11006.54px;left:4146.37px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11006.54px;left:4628.28px;letter-spacing:-0.8px;white-space:nowrap">2013,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11006.54px;left:5076.27px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11006.54px;left:5699.14px;white-space:nowrap">9/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:7078.26px;white-space:nowrap">9/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;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:160px;position:absolute;top:10814.54px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10814.54px;left:9841.61px;white-space:nowrap">110,460</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:913.61px;white-space:nowrap">180
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;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:160px;position:absolute;top:11207.5px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:2564.15px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:3278.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:4314.2px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:4940.92px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:5310.19px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:5705.87px;letter-spacing:-2.24px;white-space:nowrap">PILOT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:6175.62px;letter-spacing:-1.2px;white-space:nowrap">Payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11399.5px;left:1656px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11399.5px;left:1828.96px;white-space:nowrap">Lieu
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11399.5px;left:2175.04px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11399.5px;left:2359.99px;letter-spacing:-2.72px;white-space:nowrap">Taxes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11399.5px;left:2800.31px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11399.5px;left:3472.78px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11399.5px;left:4011.18px;letter-spacing:-2.47px;white-space:nowrap">Yankee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11399.5px;left:4573.25px;letter-spacing:-0.12px;white-space:nowrap">Stadium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11399.5px;left:5214.85px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11399.5px;left:5791.64px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11399.5px;left:6273.55px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11591.5px;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:160px;position:absolute;top:11591.5px;left:2278.87px;white-space:nowrap">3/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11591.5px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11591.5px;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:160px;position:absolute;top:11591.5px;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:160px;position:absolute;top:11207.5px;left:7078.26px;white-space:nowrap">9/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;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:160px;position:absolute;top:11207.5px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11207.5px;left:9841.61px;white-space:nowrap">167,512</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:913.61px;white-space:nowrap">350
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;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:160px;position:absolute;top:11792.46px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:2560.31px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:2949.42px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:3191.98px;letter-spacing:-0.21px;white-space:nowrap">Cultural
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:3805.57px;letter-spacing:-0.87px;white-space:nowrap">Resources,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:4626.84px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:4996.11px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:5391.79px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:6064.26px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11984.46px;left:1656px;white-space:nowrap">Whitney
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11984.46px;left:2298.07px;white-space:nowrap">Museum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11984.46px;left:2969.58px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11984.46px;left:3155.5px;white-space:nowrap">American
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11984.46px;left:3893.41px;letter-spacing:-1.34px;white-space:nowrap">Art,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11984.46px;left:4188.61px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11984.46px;left:4983.16px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11984.46px;left:5465.07px;letter-spacing:-0.8px;white-space:nowrap">2021,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11984.46px;left:5913.07px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12176.46px;left:1656px;white-space:nowrap">7/01/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;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:160px;position:absolute;top:11792.46px;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:160px;position:absolute;top:11792.46px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11792.46px;left:9841.61px;white-space:nowrap">411,572</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12377.42px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12377.42px;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:160px;position:absolute;top:12377.42px;left:2676.95px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12377.42px;left:2997.27px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12377.42px;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:160px;position:absolute;top:12377.42px;left:9779.22px;white-space:nowrap">5,497,358
</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,[encoded data, 13456 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-0.19px;white-space:nowrap">Financials
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;left:2317.91px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;left:2410.07px;white-space:nowrap">1.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;left:2850.54px;white-space:nowrap">(1.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;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:160px;font-weight:bold;position:absolute;top:578.32px;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:160px;font-weight:bold;position:absolute;top:578.32px;left:3961.57px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:913.61px;white-space:nowrap">450
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2051.51px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3089.9px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4055.65px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4424.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4820.6px;white-space:nowrap">Goldman
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5544.91px;white-space:nowrap">Sachs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Headquarter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2624.31px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3296.78px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3839.01px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4320.92px;letter-spacing:-0.8px;white-space:nowrap">2005,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4768.91px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5391.78px;white-space:nowrap">10/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:8867.2px;white-space:nowrap">A2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:9841.61px;white-space:nowrap">505,318
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;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:160px;position:absolute;top:1240.24px;left:9913.61px;white-space:nowrap">505,318
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1554.56px;left:1512px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1554.56px;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:160px;font-weight:bold;position:absolute;top:1554.56px;left:2459.99px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1554.56px;left:2552.15px;white-space:nowrap">11.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1554.56px;left:3095.99px;white-space:nowrap">(11.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1554.56px;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:160px;font-weight:bold;position:absolute;top:1554.56px;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:160px;font-weight:bold;position:absolute;top:1554.56px;left:4310.37px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1823.52px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1823.52px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1823.52px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1823.52px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1823.52px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1823.52px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1823.52px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1823.52px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1823.52px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;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:160px;position:absolute;top:2015.52px;left:2870.7px;letter-spacing:-0.19px;white-space:nowrap">Northwell
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:3621.89px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:4137.09px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2015.52px;left:4924.44px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2207.52px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2207.52px;left:2137.91px;white-space:nowrap">2022A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2408.48px;left:913.61px;white-space:nowrap">890
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2408.48px;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:160px;position:absolute;top:2408.48px;left:2278.87px;white-space:nowrap">5/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2408.48px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2408.48px;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:160px;position:absolute;top:2408.48px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2408.48px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2408.48px;left:9842.61px;letter-spacing:0px;white-space:nowrap">832,960</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2609.43px;left:913.61px;white-space:nowrap">760
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2609.43px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2609.43px;left:2278.87px;white-space:nowrap">5/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2609.43px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2609.43px;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:160px;position:absolute;top:2609.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2609.43px;left:8908.8px;white-space:nowrap">A-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2609.43px;left:9842.61px;letter-spacing:0px;white-space:nowrap">694,260</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:779.21px;white-space:nowrap">1,100
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:6042.97px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">Montefiore
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3002.39px;left:1656px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3002.39px;left:2443.35px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3002.39px;left:2989.91px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3002.39px;left:3471.82px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3002.39px;left:4031.81px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3002.39px;left:4654.68px;white-space:nowrap">8/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:7078.26px;white-space:nowrap">8/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2810.39px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2810.39px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,110,230</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3203.35px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3203.35px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3203.35px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3203.35px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3203.35px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3203.35px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3203.35px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3203.35px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3203.35px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3203.35px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3203.35px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3203.35px;left:6042.97px;white-space:nowrap">NYU
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3395.35px;left:1656px;white-space:nowrap">Langone
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3395.35px;left:2339.35px;white-space:nowrap">Hospitals
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3395.35px;left:3052.14px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3395.35px;left:3839.49px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3395.35px;left:4386.05px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3395.35px;left:4867.96px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3395.35px;left:5427.95px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3395.35px;left:6050.82px;white-space:nowrap">7/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3203.35px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3203.35px;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:160px;position:absolute;top:3203.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3203.35px;left:8853.44px;white-space:nowrap">A+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3203.35px;left:9841.61px;white-space:nowrap">906,810</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3596.31px;left:913.61px;white-space:nowrap">300
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3596.31px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3596.31px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3596.31px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3596.31px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3596.31px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3596.31px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3596.31px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3596.31px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3596.31px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3596.31px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3596.31px;left:6042.97px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3788.31px;left:1656px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3788.31px;left:2339.03px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3788.31px;left:2959.99px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3788.31px;left:3497.58px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3788.31px;left:4284.93px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3788.31px;left:4831.49px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3788.31px;left:5313.4px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3788.31px;left:5761.39px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3980.31px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">12/01/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3980.31px;left:2407.98px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3596.31px;left:7078.26px;white-space:nowrap">6/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3596.31px;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:160px;position:absolute;top:3596.31px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3596.31px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3596.31px;left:9841.61px;white-space:nowrap">289,860</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4181.27px;left:913.61px;white-space:nowrap">200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4181.27px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4181.27px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4181.27px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4181.27px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4181.27px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4181.27px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4181.27px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4181.27px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4181.27px;left:4828.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4181.27px;left:5500.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4181.27px;left:6042.97px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4373.27px;left:1656px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4373.27px;left:2339.03px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4373.27px;left:2959.99px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4373.27px;left:3497.58px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4373.27px;left:4284.93px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4373.27px;left:4831.49px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4373.27px;left:5313.4px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4373.27px;left:5761.39px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4565.27px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">12/01/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4565.27px;left:2407.98px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4181.27px;left:7078.26px;white-space:nowrap">6/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4181.27px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4181.27px;left:9841.61px;white-space:nowrap">201,416</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4766.23px;left:1512px;white-space:nowrap">Dutchess
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4766.23px;left:2223.67px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4766.23px;left:2789.42px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4766.23px;left:3211.66px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4766.23px;left:4250.04px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4766.23px;left:5215.79px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4958.23px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4958.23px;left:2051.67px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4958.23px;left:2724.15px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4958.23px;left:3266.38px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4958.23px;left:3781.57px;white-space:nowrap">Quest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4958.23px;left:4262.68px;letter-spacing:-0.75px;white-space:nowrap">Systems,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4958.23px;left:4931.47px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4958.23px;left:5222.83px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5150.23px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5150.23px;left:2137.91px;white-space:nowrap">2016B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5351.19px;left:913.61px;white-space:nowrap">250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5351.19px;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:160px;position:absolute;top:5351.19px;left:2278.87px;white-space:nowrap">7/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5351.19px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5351.19px;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:160px;position:absolute;top:5351.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5351.19px;left:8660.17px;white-space:nowrap">BBB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5351.19px;left:9842.61px;letter-spacing:0px;white-space:nowrap">217,880</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5552.15px;left:913.61px;white-space:nowrap">500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5552.15px;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:160px;position:absolute;top:5552.15px;left:2278.87px;white-space:nowrap">7/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5552.15px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5552.15px;left:8660.17px;white-space:nowrap">BBB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5552.15px;left:9842.61px;letter-spacing:0px;white-space:nowrap">486,945</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.11px;left:913.61px;white-space:nowrap">140
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.11px;left:1512px;letter-spacing:-0.41px;white-space:nowrap">Monroe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.11px;left:2128.47px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.11px;left:2694.22px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.11px;left:3408.77px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.11px;left:4447.16px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.11px;left:5412.91px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.11px;left:5782.18px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.11px;left:6177.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.11px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.11px;left:2198.23px;letter-spacing:-0.19px;white-space:nowrap">Rochester
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.11px;left:2965.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.11px;left:3587.65px;white-space:nowrap">Hospital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.11px;left:4229.4px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.11px;left:4806.2px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.11px;left:5288.11px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.11px;left:5736.1px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6137.11px;left:1656px;white-space:nowrap">12/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.11px;left:6985.46px;white-space:nowrap">12/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5753.11px;left:8660.17px;white-space:nowrap">BBB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.11px;left:9841.61px;white-space:nowrap">136,683</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6338.07px;left:913.61px;white-space:nowrap">420
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6338.07px;left:1512px;letter-spacing:-0.41px;white-space:nowrap">Monroe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6338.07px;left:2128.47px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6338.07px;left:2694.22px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6338.07px;left:3408.77px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6338.07px;left:4447.16px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6338.07px;left:5412.91px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6338.07px;left:5782.18px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6338.07px;left:6177.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6530.07px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6530.07px;left:2198.23px;letter-spacing:-0.19px;white-space:nowrap">Rochester
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6530.07px;left:2965.58px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6530.07px;left:3648.61px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6530.07px;left:4163.81px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6530.07px;left:4740.6px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6530.07px;left:5222.51px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6530.07px;left:5782.5px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6722.07px;left:1656px;white-space:nowrap">12/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6338.07px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6338.07px;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:160px;position:absolute;top:6338.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6338.07px;left:8660.17px;white-space:nowrap">BBB+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6338.07px;left:9841.61px;white-space:nowrap">353,002</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6923.03px;left:913.61px;white-space:nowrap">375
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6923.03px;left:1512px;letter-spacing:-0.48px;white-space:nowrap">Westchester
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6923.03px;left:2450.7px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6923.03px;left:3016.45px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6923.03px;left:3438.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6923.03px;left:4477.08px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6923.03px;left:5442.83px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6923.03px;left:5812.1px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:7115.03px;left:2868.79px;letter-spacing:-0.48px;white-space:nowrap">Westchester
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7115.03px;left:3807.49px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7115.03px;left:4428.44px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7115.03px;left:4966.03px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7115.03px;left:5753.38px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7115.03px;left:6265.06px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7307.03px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7307.03px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7307.03px;left:2932.46px;letter-spacing:-0.8px;white-space:nowrap">2016,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7307.03px;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:160px;position:absolute;top:7307.03px;left:4003.32px;white-space:nowrap">11/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6923.03px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6923.03px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6923.03px;left:9841.61px;white-space:nowrap">360,694</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7507.99px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7507.99px;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:160px;position:absolute;top:7507.99px;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:160px;position:absolute;top:7507.99px;left:9779.22px;white-space:nowrap">5,590,740
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7822.31px;left:1512px;white-space:nowrap">Industrials
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7822.31px;left:2364.47px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7822.31px;left:2456.62px;white-space:nowrap">1.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7822.31px;left:2897.1px;white-space:nowrap">(1.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7822.31px;left:3392.3px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7822.31px;left:3591.65px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7822.31px;left:4008.13px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8091.27px;left:913.61px;white-space:nowrap">865</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8091.27px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8091.27px;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:160px;position:absolute;top:8091.27px;left:2240.15px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8091.27px;left:2779.66px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8091.27px;left:3818.05px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8091.27px;left:4783.8px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8091.27px;left:5153.07px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8091.27px;left:5548.75px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8091.27px;left:6088.26px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8283.27px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8283.27px;left:2198.23px;white-space:nowrap">3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8283.27px;left:2329.11px;letter-spacing:-0.96px;white-space:nowrap">World
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8283.27px;left:2812.63px;letter-spacing:-2.72px;white-space:nowrap">Trade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8283.27px;left:3263.98px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8283.27px;left:3801.57px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8283.27px;left:4378.36px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8283.27px;left:4801.4px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8283.27px;left:4934.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8283.27px;left:5416.1px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8283.27px;left:5864.1px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8475.27px;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:160px;position:absolute;top:8475.27px;left:2407.98px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8091.27px;left:6985.46px;white-space:nowrap">11/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8091.27px;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:160px;position:absolute;top:8091.27px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8091.27px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8091.27px;left:9841.61px;white-space:nowrap">832,779</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8676.23px;left:1006.4px;white-space:nowrap">10
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8676.23px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8676.23px;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:160px;position:absolute;top:8676.23px;left:2240.15px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8676.23px;left:2779.66px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8676.23px;left:3818.05px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8676.23px;left:4783.8px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8676.23px;left:5153.07px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8676.23px;left:5548.75px;letter-spacing:-0.24px;white-space:nowrap">Liberty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8676.23px;left:6088.26px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8868.23px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8868.23px;left:2198.23px;white-space:nowrap">7
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8868.23px;left:2329.11px;letter-spacing:-0.96px;white-space:nowrap">World
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8868.23px;left:2812.63px;letter-spacing:-2.72px;white-space:nowrap">Trade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8868.23px;left:3263.98px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8868.23px;left:3801.57px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8868.23px;left:4378.36px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8868.23px;left:5172.92px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8868.23px;left:5668.27px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8868.23px;left:6150.18px;white-space:nowrap">2022A-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9060.23px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">CL2,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9060.23px;left:2022.39px;letter-spacing:-0.6px;white-space:nowrap">3.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9060.23px;left:2645.26px;white-space:nowrap">9/15/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8676.23px;left:7078.26px;white-space:nowrap">3/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8676.23px;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:160px;position:absolute;top:8676.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8676.23px;left:8867.2px;white-space:nowrap">A2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8676.23px;left:10027.21px;white-space:nowrap">7,681</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9261.19px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9261.19px;left:1902.08px;white-space:nowrap">Industrials</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9261.19px;left:9913.61px;white-space:nowrap">840,460
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9575.51px;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:160px;font-weight:bold;position:absolute;top:9575.51px;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:160px;font-weight:bold;position:absolute;top:9575.51px;left:2755.03px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9575.51px;left:2847.19px;white-space:nowrap">0.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9575.51px;left:3287.67px;white-space:nowrap">(0.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9575.51px;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:160px;font-weight:bold;position:absolute;top:9575.51px;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:160px;font-weight:bold;position:absolute;top:9575.51px;left:4398.69px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.47px;left:913.61px;white-space:nowrap">100</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.47px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.47px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.47px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.47px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.47px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.47px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.47px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.47px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.47px;left:4828.27px;letter-spacing:-0.26px;white-space:nowrap">Non-State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.47px;left:5596.58px;letter-spacing:-0.19px;white-space:nowrap">Supported
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.47px;left:6420.57px;letter-spacing:-0.8px;white-space:nowrap">Debt,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.47px;left:1656px;white-space:nowrap">Ozanam
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.47px;left:2307.83px;white-space:nowrap">Hall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.47px;left:2628.79px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.47px;left:2817.59px;white-space:nowrap">Queens
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.47px;left:3432.46px;white-space:nowrap">Nursing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.47px;left:4050.37px;white-space:nowrap">Home
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.47px;left:4535.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.47px;left:5208.28px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.47px;left:5750.51px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.47px;left:6232.42px;letter-spacing:-0.8px;white-space:nowrap">2006,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10228.47px;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:160px;position:absolute;top:10228.47px;left:2278.87px;white-space:nowrap">11/01/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.47px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.47px;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:160px;position:absolute;top:9844.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.47px;left:8867.2px;white-space:nowrap">A1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.47px;left:9841.61px;white-space:nowrap">100,733</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10429.42px;left:1006.4px;white-space:nowrap">25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10429.42px;left:1512px;letter-spacing:-0.41px;white-space:nowrap">Monroe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10429.42px;left:2128.47px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10429.42px;left:2694.22px;white-space:nowrap">Industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10429.42px;left:3408.77px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10429.42px;left:4447.16px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10429.42px;left:5412.91px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10429.42px;left:5782.18px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10429.42px;left:6177.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10621.42px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10621.42px;left:2198.23px;white-space:nowrap">Saint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10621.42px;left:2594.71px;white-space:nowrap">Ann&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10621.42px;left:3045.26px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10621.42px;left:3933.57px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10621.42px;left:4510.37px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10621.42px;left:4992.28px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10621.42px;left:5440.27px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10621.42px;left:6063.14px;white-space:nowrap">1/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10429.42px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10429.42px;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:160px;position:absolute;top:10429.42px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10429.42px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10429.42px;left:9934.41px;white-space:nowrap">21,400</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10822.38px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10822.38px;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:160px;position:absolute;top:10822.38px;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:160px;position:absolute;top:10822.38px;left:9913.61px;white-space:nowrap">122,133
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11136.7px;left:1512px;letter-spacing:-0.11px;white-space:nowrap">Materials
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11136.7px;left:2273.11px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11136.7px;left:2365.27px;white-space:nowrap">0.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11136.7px;left:2805.74px;white-space:nowrap">(0.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11136.7px;left:3300.94px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11136.7px;left:3500.3px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11136.7px;left:3916.77px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11405.66px;left:913.61px;white-space:nowrap">160</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11405.66px;left:1512px;white-space:nowrap">Build
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11405.66px;left:1928.96px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11405.66px;left:2298.23px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11405.66px;left:2657.11px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11405.66px;left:2981.1px;letter-spacing:-0.53px;white-space:nowrap">Resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11405.66px;left:3694.53px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11405.66px;left:4660.28px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11405.66px;left:5029.56px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11405.66px;left:5425.23px;white-space:nowrap">Solid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11405.66px;left:5833.55px;letter-spacing:-0.96px;white-space:nowrap">Waste
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11597.66px;left:1656px;white-space:nowrap">Disposal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11597.66px;left:2324.31px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11597.66px;left:2996.78px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11597.66px;left:3539.02px;letter-spacing:-2.19px;white-space:nowrap">Pratt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11597.66px;left:3903.17px;letter-spacing:-1.6px;white-space:nowrap">Paper
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11597.66px;left:4362.52px;letter-spacing:-4.32px;white-space:nowrap">NY,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11597.66px;left:4645.4px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11597.66px;left:4936.76px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11597.66px;left:5513.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11597.66px;left:5995.46px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11789.66px;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:160px;position:absolute;top:11789.66px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/01/35,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11789.66px;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:160px;position:absolute;top:11789.66px;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:160px;position:absolute;top:11405.66px;left:7078.26px;white-space:nowrap">1/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11405.66px;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:160px;position:absolute;top:11405.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11405.66px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11405.66px;left:9841.61px;white-space:nowrap">162,448</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11990.62px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11990.62px;left:1902.08px;letter-spacing:-0.18px;white-space:nowrap">Materials</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11990.62px;left:9913.61px;white-space:nowrap">162,448
</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1875.64px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2652.21px;white-space:nowrap">Select
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3581.62px;white-space:nowrap">Tax-Free
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4935.55px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6095.88px;white-space:nowrap">Portfolio
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:7459.65px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4681.96px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:5096.61px;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">50</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">NXN</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12800 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:578.32px;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:160px;font-weight:bold;position:absolute;top:578.32px;left:3370.38px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;left:3462.54px;white-space:nowrap">8.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;left:3903.02px;white-space:nowrap">(8.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;left:4398.21px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;left:4597.57px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:578.32px;left:5014.04px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">Nassau
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2080.15px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2676.94px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3046.22px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3441.9px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4063.97px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4888.6px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5430.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2679.03px;white-space:nowrap">Bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3184.46px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3666.37px;letter-spacing:-0.69px;white-space:nowrap">2019B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4216.12px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4838.99px;white-space:nowrap">4/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5461.38px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5549.7px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5965.21px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:847.28px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,063,590
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1240.24px;left:1512px;white-space:nowrap">Nassau
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:2080.15px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:2676.94px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:3046.22px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:3441.9px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4063.97px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4888.6px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:5430.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:2679.03px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3160.94px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:3720.93px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:4343.8px;white-space:nowrap">4/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:4966.19px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:5054.51px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:5470.02px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">4/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1240.24px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:9841.61px;white-space:nowrap">902,190</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:779.21px;white-space:nowrap">1,080
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;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:160px;position:absolute;top:1633.2px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:5792.91px;white-space:nowrap">2017
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:6204.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">B-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:1978.55px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:2601.42px;white-space:nowrap">12/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:6985.46px;white-space:nowrap">12/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1633.2px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,119,690</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:913.61px;white-space:nowrap">835
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;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:160px;position:absolute;top:2026.16px;left:2240.15px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:2595.19px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:2964.46px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3360.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3982.21px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:4806.84px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:5349.07px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:5792.91px;white-space:nowrap">2020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:1656px;letter-spacing:-0.44px;white-space:nowrap">SeriesD-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:2439.83px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:3062.69px;white-space:nowrap">3/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:7078.26px;white-space:nowrap">3/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2026.16px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:9841.61px;white-space:nowrap">783,447</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2419.12px;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:160px;position:absolute;top:2419.12px;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:160px;position:absolute;top:2419.12px;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:160px;position:absolute;top:2419.12px;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:160px;position:absolute;top:2419.12px;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:160px;position:absolute;top:2419.12px;left:5372.75px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:1656px;white-space:nowrap">2022A-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:1006.4px;white-space:nowrap">40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;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:160px;position:absolute;top:2812.07px;left:2278.87px;white-space:nowrap">7/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:2812.07px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2812.07px;left:9935.41px;letter-spacing:0px;white-space:nowrap">34,209</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:913.61px;white-space:nowrap">117
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;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:160px;position:absolute;top:3013.03px;left:2278.87px;white-space:nowrap">7/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:3013.03px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3013.03px;left:9935.41px;letter-spacing:0px;white-space:nowrap">96,649</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:913.61px;white-space:nowrap">244
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;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:160px;position:absolute;top:3213.99px;left:2278.87px;white-space:nowrap">7/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:3213.99px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3213.99px;left:9842.61px;letter-spacing:0px;white-space:nowrap">194,297</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3414.95px;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:160px;position:absolute;top:3414.95px;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:160px;position:absolute;top:3414.95px;left:9779.22px;white-space:nowrap">4,194,072
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3729.27px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3729.27px;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:160px;font-weight:bold;position:absolute;top:3729.27px;left:3345.9px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3729.27px;left:3438.05px;white-space:nowrap">26.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3729.27px;left:3981.89px;white-space:nowrap">(26.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3729.27px;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:160px;font-weight:bold;position:absolute;top:3729.27px;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:160px;font-weight:bold;position:absolute;top:3729.27px;left:5196.28px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:5234.34px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:5892.25px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:6473.53px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;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:160px;position:absolute;top:4190.23px;left:2870.7px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:3492.78px;letter-spacing:-1.39px;white-space:nowrap">Purpose,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:4167.17px;white-space:nowrap">Bidding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:4786.84px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:5298.51px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:5427.47px;letter-spacing:-0.72px;white-space:nowrap">Through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:6088.91px;letter-spacing:-1.6px;white-space:nowrap">5,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4190.23px;left:6258.5px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4382.23px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4382.23px;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:160px;position:absolute;top:4382.23px;left:2838.86px;white-space:nowrap">3/15/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:7078.26px;white-space:nowrap">9/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;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:160px;position:absolute;top:3998.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3998.23px;left:9841.61px;white-space:nowrap">957,300</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:5234.34px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:5649.06px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:5927.78px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4775.19px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4775.19px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4775.19px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2015B.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4775.19px;left:3229.89px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4775.19px;left:3738.69px;letter-spacing:-0.69px;white-space:nowrap">A,B&amp;C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4775.19px;left:4298.68px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4775.19px;left:4921.55px;white-space:nowrap">3/15/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:4583.19px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4583.19px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,046,280</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:779.21px;white-space:nowrap">2,975
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:5234.34px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:5649.06px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:5927.78px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5168.15px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5168.15px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5168.15px;left:2680.14px;letter-spacing:-0.48px;white-space:nowrap">2017A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5168.15px;left:3200.46px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5168.15px;left:3712.13px;letter-spacing:-1.6px;white-space:nowrap">C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5168.15px;left:3904.13px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5168.15px;left:4527px;white-space:nowrap">3/15/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:7078.26px;white-space:nowrap">3/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;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:160px;position:absolute;top:4976.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4976.15px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,123,571</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:1512px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:4828.27px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:5234.34px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:5649.06px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:5927.78px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.11px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.11px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.11px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.11px;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:160px;position:absolute;top:5561.11px;left:3863px;white-space:nowrap">3/15/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:7078.26px;white-space:nowrap">3/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;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:160px;position:absolute;top:5369.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.11px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,064,160</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5762.07px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5762.07px;left:1512px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5762.07px;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:160px;position:absolute;top:5762.07px;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:160px;position:absolute;top:5762.07px;left:3180.94px;white-space:nowrap">Business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5762.07px;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:160px;position:absolute;top:5762.07px;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:160px;position:absolute;top:5762.07px;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:160px;position:absolute;top:5762.07px;left:5335.63px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5762.07px;left:6130.18px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5954.07px;left:1656px;letter-spacing:-1.78px;white-space:nowrap">2015D,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5954.07px;left:2217.43px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5954.07px;left:2840.3px;white-space:nowrap">11/15/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5762.07px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5762.07px;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:160px;position:absolute;top:5762.07px;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:160px;position:absolute;top:5762.07px;left:8868.48px;white-space:nowrap">BB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5762.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,019,350</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:913.61px;white-space:nowrap">250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:1512px;white-space:nowrap">Hudson
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:2119.67px;letter-spacing:-2.88px;white-space:nowrap">Yards
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:2554.71px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:3559.81px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:4525.56px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:4894.83px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:5290.51px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:5962.98px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6347.03px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6347.03px;left:2151.35px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6347.03px;left:2595.19px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6347.03px;left:3006.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6347.03px;left:3485.42px;letter-spacing:-1.6px;white-space:nowrap">A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6347.03px;left:3674.22px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6347.03px;left:4297.08px;white-space:nowrap">2/15/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:7078.26px;white-space:nowrap">2/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;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:160px;position:absolute;top:6155.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6155.03px;left:9841.61px;white-space:nowrap">255,230</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:913.61px;white-space:nowrap">800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:1512px;white-space:nowrap">Hudson
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:2119.67px;letter-spacing:-2.88px;white-space:nowrap">Yards
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:2554.71px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:3559.81px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:4525.56px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:4894.83px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:5290.51px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:5962.98px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6739.99px;left:1656px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6739.99px;left:2250.39px;letter-spacing:-0.29px;white-space:nowrap">Indenture
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6739.99px;left:3001.26px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6739.99px;left:3445.1px;white-space:nowrap">2017
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6739.99px;left:3856.29px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6739.99px;left:4335.33px;letter-spacing:-1.6px;white-space:nowrap">A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6739.99px;left:4524.12px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6739.99px;left:5146.99px;white-space:nowrap">2/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:7078.26px;white-space:nowrap">2/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:6547.99px;left:8781.76px;white-space:nowrap">Aa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6547.99px;left:9841.61px;white-space:nowrap">833,744</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6940.95px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6940.95px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6940.95px;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:160px;position:absolute;top:6940.95px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6940.95px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6940.95px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6940.95px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6940.95px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6940.95px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6940.95px;left:5545.55px;white-space:nowrap">Building
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6940.95px;left:6193.71px;white-space:nowrap">Aid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7132.95px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7132.95px;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:160px;position:absolute;top:7132.95px;left:2870.7px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7132.95px;left:3314.54px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7132.95px;left:3796.45px;letter-spacing:-0.53px;white-space:nowrap">2015S-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7132.95px;left:4478.68px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7132.95px;left:5101.55px;white-space:nowrap">7/15/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6940.95px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6940.95px;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:160px;position:absolute;top:6940.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6940.95px;left:8850.88px;letter-spacing:-1.44px;white-space:nowrap">AA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6940.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,024,530</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;left:913.61px;white-space:nowrap">450
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;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:160px;position:absolute;top:7333.91px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;left:5545.55px;letter-spacing:-1.37px;white-space:nowrap">Future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;left:6047.79px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7525.91px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7525.91px;left:2298.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7525.91px;left:2841.1px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7525.91px;left:3779.65px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7525.91px;left:4223.49px;white-space:nowrap">2014
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7525.91px;left:4634.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7525.91px;left:5116.6px;letter-spacing:-0.96px;white-space:nowrap">D-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7525.91px;left:5458.51px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7525.91px;left:6081.38px;white-space:nowrap">2/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;left:7078.26px;white-space:nowrap">2/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;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:160px;position:absolute;top:7333.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7333.91px;left:9841.61px;white-space:nowrap">456,295</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7726.87px;left:779.21px;white-space:nowrap">1,120
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7726.87px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7726.87px;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:160px;position:absolute;top:7726.87px;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:160px;position:absolute;top:7726.87px;left:2646.23px;white-space:nowrap">Urban
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7726.87px;left:3137.74px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7726.87px;left:4176.13px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7726.87px;left:5141.87px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7726.87px;left:5547.95px;letter-spacing:-1.28px;white-space:nowrap">Personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7726.87px;left:6205.86px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7918.87px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7918.87px;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:160px;position:absolute;top:7918.87px;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:160px;position:absolute;top:7918.87px;left:3149.42px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7918.87px;left:3771.5px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7918.87px;left:4409.09px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7918.87px;left:4920.76px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7918.87px;left:5090.36px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7918.87px;left:5572.27px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7918.87px;left:6132.26px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8110.87px;left:1656px;white-space:nowrap">3/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7726.87px;left:7078.26px;white-space:nowrap">9/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7726.87px;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:160px;position:absolute;top:7726.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7726.87px;left:8781.76px;white-space:nowrap">Aa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7726.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,043,202</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8311.83px;left:779.21px;white-space:nowrap">1,235
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8311.83px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8311.83px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8311.83px;left:2379.35px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8311.83px;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:160px;position:absolute;top:8311.83px;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:160px;position:absolute;top:8311.83px;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:160px;position:absolute;top:8311.83px;left:4791.01px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8311.83px;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:160px;position:absolute;top:8311.83px;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:160px;position:absolute;top:8311.83px;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:160px;position:absolute;top:8503.83px;left:1656px;letter-spacing:-0.37px;white-space:nowrap">Restructured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8503.83px;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:160px;position:absolute;top:8503.83px;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:160px;position:absolute;top:8503.83px;left:3952.44px;white-space:nowrap">7/01/58
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8311.83px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8311.83px;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:160px;position:absolute;top:8311.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8311.83px;left:8794.72px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8311.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,145,833</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8704.79px;left:1006.4px;white-space:nowrap">65
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8704.79px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8704.79px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8704.79px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8704.79px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8704.79px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8704.79px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8704.79px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8704.79px;left:5250.03px;letter-spacing:-1.56px;white-space:nowrap">Payroll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8704.79px;left:5769.87px;white-space:nowrap">Mobility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8704.79px;left:6396.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8896.79px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8896.79px;left:2198.23px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8896.79px;left:2708.3px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8896.79px;left:3054.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8896.79px;left:3536.29px;letter-spacing:-0.53px;white-space:nowrap">2021B-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8896.79px;left:4230.04px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8896.79px;left:4852.91px;white-space:nowrap">5/15/56
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8704.79px;left:7078.26px;white-space:nowrap">5/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8704.79px;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:160px;position:absolute;top:8704.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8704.79px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8704.79px;left:9934.41px;white-space:nowrap">58,505</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9097.75px;left:913.61px;white-space:nowrap">315
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9097.75px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9097.75px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9097.75px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9097.75px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9097.75px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9097.75px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9097.75px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9097.75px;left:5250.03px;letter-spacing:-1.56px;white-space:nowrap">Payroll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9097.75px;left:5769.87px;white-space:nowrap">Mobility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9097.75px;left:6396.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9289.75px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9289.75px;left:2198.23px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9289.75px;left:2708.3px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9289.75px;left:3054.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9289.75px;left:3536.29px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9289.75px;left:3944.61px;letter-spacing:-1.6px;white-space:nowrap">A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9289.75px;left:4133.4px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9289.75px;left:4756.27px;white-space:nowrap">5/15/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9097.75px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9097.75px;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:160px;position:absolute;top:9097.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9097.75px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9097.75px;left:9841.61px;white-space:nowrap">288,509</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9490.71px;left:913.61px;white-space:nowrap">685
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9490.71px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9490.71px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9490.71px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9490.71px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9490.71px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9490.71px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9490.71px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9490.71px;left:5250.03px;letter-spacing:-1.56px;white-space:nowrap">Payroll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9490.71px;left:5769.87px;white-space:nowrap">Mobility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9490.71px;left:6396.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9682.71px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9682.71px;left:2198.23px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9682.71px;left:2708.3px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9682.71px;left:3054.38px;white-space:nowrap">Subseries
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9682.71px;left:3802.21px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9682.71px;left:4506.2px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9682.71px;left:5129.06px;white-space:nowrap">5/15/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9490.71px;left:7078.26px;white-space:nowrap">5/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9490.71px;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:160px;position:absolute;top:9490.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9490.71px;left:8741.44px;white-space:nowrap">AA+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9490.71px;left:9841.61px;white-space:nowrap">731,429</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9883.66px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9883.66px;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:160px;position:absolute;top:9883.66px;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:160px;position:absolute;top:9883.66px;left:9686.42px;white-space:nowrap">13,047,938
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10197.98px;left:1512px;letter-spacing:-1.08px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10197.98px;left:2678.71px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10197.98px;left:2770.87px;white-space:nowrap">24.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10197.98px;left:3314.7px;white-space:nowrap">(24.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10197.98px;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:160px;font-weight:bold;position:absolute;top:10197.98px;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:160px;font-weight:bold;position:absolute;top:10197.98px;left:4529.09px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10466.94px;left:913.61px;white-space:nowrap">900</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10466.94px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10466.94px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10466.94px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10466.94px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10466.94px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10466.94px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10466.94px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10658.94px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10658.94px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10658.94px;left:2680.14px;letter-spacing:-0.53px;white-space:nowrap">2014D-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10658.94px;left:3393.25px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10658.94px;left:4016.12px;white-space:nowrap">11/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10466.94px;left:6985.46px;white-space:nowrap">11/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10466.94px;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:160px;position:absolute;top:10466.94px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10466.94px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10466.94px;left:9841.61px;white-space:nowrap">894,501</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10859.9px;left:913.61px;white-space:nowrap">620
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10859.9px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10859.9px;left:2493.43px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10859.9px;left:3583.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10859.9px;left:4327.64px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10859.9px;left:4696.92px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10859.9px;left:5088.76px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10859.9px;left:6181.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11051.9px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11051.9px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11051.9px;left:2680.14px;letter-spacing:-0.53px;white-space:nowrap">2016C-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11051.9px;left:3387.33px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11051.9px;left:4010.2px;white-space:nowrap">11/15/56
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10859.9px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10859.9px;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:160px;position:absolute;top:10859.9px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10859.9px;left:8867.2px;white-space:nowrap">A3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10859.9px;left:9841.61px;white-space:nowrap">619,213</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11252.86px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11252.86px;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:160px;position:absolute;top:11252.86px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11252.86px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11252.86px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11252.86px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11444.86px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11444.86px;left:2051.67px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11444.86px;left:2588.47px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11444.86px;left:3260.94px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11444.86px;left:3799.34px;letter-spacing:-0.36px;white-space:nowrap">Thruway
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11444.86px;left:4454.37px;white-space:nowrap">Service
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11444.86px;left:5020.44px;letter-spacing:-0.64px;white-space:nowrap">Areas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11636.86px;left:1656px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11636.86px;left:2232.79px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11636.86px;left:2714.7px;white-space:nowrap">2021:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11837.82px;left:1006.4px;white-space:nowrap">85
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11837.82px;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:160px;position:absolute;top:11837.82px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">10/31/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11837.82px;left:3030.85px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11837.82px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11837.82px;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:160px;position:absolute;top:11837.82px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11837.82px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11837.82px;left:9935.41px;letter-spacing:0px;white-space:nowrap">72,190</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12038.78px;left:913.61px;white-space:nowrap">630
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12038.78px;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:160px;position:absolute;top:12038.78px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">4/30/53,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12038.78px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12038.78px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12038.78px;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:160px;position:absolute;top:12038.78px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12038.78px;left:8715.53px;white-space:nowrap">BBB-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12038.78px;left:9842.61px;letter-spacing:0px;white-space:nowrap">517,236</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12239.74px;left:779.21px;white-space:nowrap">1,110
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12239.74px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12239.74px;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:160px;position:absolute;top:12239.74px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12239.74px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12239.74px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12239.74px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12239.74px;left:5702.67px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12239.74px;left:6098.34px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12431.74px;left:1656px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12431.74px;left:2317.27px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12431.74px;left:2859.51px;letter-spacing:-0.29px;white-space:nowrap">LaGuardia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12431.74px;left:3648.78px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12431.74px;left:4200.29px;letter-spacing:-1.71px;white-space:nowrap">Terminal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12431.74px;left:4865.25px;white-space:nowrap">B
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12431.74px;left:5007.01px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12431.74px;left:6211.63px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12623.74px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12623.74px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12623.74px;left:2697.9px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12623.74px;left:3320.77px;letter-spacing:-0.53px;white-space:nowrap">1/01/50,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12623.74px;left:3979.96px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12239.74px;left:7078.26px;white-space:nowrap">7/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12239.74px;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:160px;position:absolute;top:12239.74px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12239.74px;left:8706.57px;white-space:nowrap">Baa2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12239.74px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,107,292</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,[encoded data, 12832 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;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:160px;position:absolute;top:847.28px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2051.67px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2620.79px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3157.59px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:3830.06px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:4369.41px;white-space:nowrap">American
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:5107.33px;letter-spacing:-0.48px;white-space:nowrap">Airlines,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:1945.44px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:2348.15px;white-space:nowrap">F
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:2478.07px;letter-spacing:-0.6px;white-space:nowrap">Kennedy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:3162.7px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:4118.21px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1231.28px;left:4673.56px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1423.28px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1423.28px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1423.28px;left:2932.46px;white-space:nowrap">2016:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:913.61px;white-space:nowrap">165</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1624.24px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">8/01/26,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;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:160px;position:absolute;top:1624.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:8970.24px;white-space:nowrap">B
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:9231.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1624.24px;left:9842.61px;letter-spacing:0px;white-space:nowrap">165,071
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:913.61px;white-space:nowrap">830</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1825.2px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">8/01/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:7078.26px;white-space:nowrap">3/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1825.2px;left:8970.24px;white-space:nowrap">B
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1825.2px;left:9842.61px;letter-spacing:0px;white-space:nowrap">830,755</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:1006.4px;white-space:nowrap">30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;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:160px;position:absolute;top:2026.16px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:5702.67px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:6098.34px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:1656px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:2192.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:2865.27px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:3404.62px;white-space:nowrap">American
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:4142.54px;letter-spacing:-0.48px;white-space:nowrap">Airlines,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:4764.77px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:5054.21px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:5456.92px;white-space:nowrap">F
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2218.16px;left:5586.84px;letter-spacing:-0.6px;white-space:nowrap">Kennedy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;left:1656px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;left:2611.51px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;left:3166.86px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;left:3743.65px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;left:4225.56px;letter-spacing:-0.8px;white-space:nowrap">2020,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;left:4673.55px;letter-spacing:-0.6px;white-space:nowrap">5.375%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;left:5296.42px;letter-spacing:-0.53px;white-space:nowrap">8/01/36,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2410.16px;left:5955.61px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:7078.26px;white-space:nowrap">8/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:2026.16px;left:8970.24px;white-space:nowrap">B
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2026.16px;left:9934.41px;white-space:nowrap">30,314</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:1006.4px;white-space:nowrap">85
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;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:160px;position:absolute;top:2611.12px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:5702.67px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:6098.34px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:1656px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:2192.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:2865.27px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:3403.66px;letter-spacing:-1.71px;white-space:nowrap">Terminal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:4068.62px;white-space:nowrap">4
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:4199.5px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:4602.21px;white-space:nowrap">F
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:4732.13px;letter-spacing:-0.6px;white-space:nowrap">Kennedy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:5416.76px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2803.12px;left:6372.27px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2995.12px;left:1656px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2995.12px;left:2232.79px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2995.12px;left:2714.7px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2995.12px;left:3274.69px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2995.12px;left:3897.56px;letter-spacing:-0.48px;white-space:nowrap">12/01/37,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2995.12px;left:4649.55px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;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:160px;position:absolute;top:2611.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:8706.57px;white-space:nowrap">Baa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2611.12px;left:9934.41px;white-space:nowrap">87,716</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:913.61px;white-space:nowrap">130
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;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:160px;position:absolute;top:3196.07px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:5702.67px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:6098.34px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3388.07px;left:1656px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3388.07px;left:2192.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3388.07px;left:2865.27px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3388.07px;left:3403.66px;letter-spacing:-1.71px;white-space:nowrap">Terminal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3388.07px;left:4068.62px;white-space:nowrap">4
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3388.07px;left:4199.5px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3388.07px;left:4602.21px;white-space:nowrap">F
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3388.07px;left:4732.13px;letter-spacing:-0.6px;white-space:nowrap">Kennedy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3388.07px;left:5416.76px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3388.07px;left:6372.27px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3580.07px;left:1656px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3580.07px;left:2232.79px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3580.07px;left:2714.7px;letter-spacing:-0.69px;white-space:nowrap">2020C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3580.07px;left:3277.89px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3580.07px;left:3900.76px;white-space:nowrap">12/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3196.07px;left:8706.57px;white-space:nowrap">Baa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3196.07px;left:9841.61px;white-space:nowrap">139,100</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;left:913.61px;white-space:nowrap">265
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;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:160px;position:absolute;top:3781.03px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;left:5333.39px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;left:5702.67px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;left:6098.34px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3973.03px;left:1656px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3973.03px;left:2192.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3973.03px;left:2865.27px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3973.03px;left:3403.66px;letter-spacing:-1.71px;white-space:nowrap">Terminal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3973.03px;left:4068.62px;white-space:nowrap">4
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3973.03px;left:4199.5px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3973.03px;left:4602.21px;white-space:nowrap">F
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3973.03px;left:4732.13px;letter-spacing:-0.6px;white-space:nowrap">Kennedy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3973.03px;left:5416.76px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3973.03px;left:6372.27px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4165.03px;left:1656px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4165.03px;left:2232.79px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4165.03px;left:2714.7px;letter-spacing:-0.8px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4165.03px;left:3162.69px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4165.03px;left:3785.56px;letter-spacing:-0.48px;white-space:nowrap">12/01/35,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4165.03px;left:4537.55px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;left:6985.46px;white-space:nowrap">12/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:3781.03px;left:8706.57px;white-space:nowrap">Baa1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3781.03px;left:9841.61px;white-space:nowrap">279,374</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4365.99px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4365.99px;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:160px;position:absolute;top:4365.99px;left:2236.31px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4365.99px;left:3329.26px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4365.99px;left:4367.64px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4365.99px;left:5333.39px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4557.99px;left:1656px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4557.99px;left:2192.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4557.99px;left:2865.27px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4557.99px;left:3407.5px;white-space:nowrap">Delta
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4557.99px;left:3833.74px;white-space:nowrap">Air
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4557.99px;left:4083.33px;letter-spacing:-0.69px;white-space:nowrap">Lines,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4557.99px;left:4537.25px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4557.99px;left:4828.6px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4557.99px;left:4919.8px;letter-spacing:-0.29px;white-space:nowrap">LaGuardia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4749.99px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4749.99px;left:2207.51px;letter-spacing:-1.54px;white-space:nowrap">Terminals
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4749.99px;left:2943.5px;white-space:nowrap">C&amp;D
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4749.99px;left:3332.46px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4749.99px;left:4537.09px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4749.99px;left:5113.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4941.99px;left:1656px;white-space:nowrap">2018:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5142.95px;left:913.61px;white-space:nowrap">700
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:5142.95px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/01/28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5142.95px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5142.95px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5142.95px;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:160px;position:absolute;top:5142.95px;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:160px;position:absolute;top:5142.95px;left:8706.57px;white-space:nowrap">Baa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5142.95px;left:9842.61px;letter-spacing:0px;white-space:nowrap">725,480</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5343.91px;left:913.61px;white-space:nowrap">300
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:5343.91px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/01/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5343.91px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5343.91px;left:7078.26px;white-space:nowrap">1/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:5343.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5343.91px;left:8706.57px;white-space:nowrap">Baa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5343.91px;left:9842.61px;letter-spacing:0px;white-space:nowrap">309,813</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5544.87px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5544.87px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5544.87px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5544.87px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5544.87px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5544.87px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5544.87px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5544.87px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5544.87px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5544.87px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5544.87px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5544.87px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5736.87px;left:1656px;white-space:nowrap">One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5736.87px;left:2016.48px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5736.87px;left:2707.35px;letter-spacing:-0.69px;white-space:nowrap">Ninety-Fourth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5736.87px;left:3746.69px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5736.87px;left:4228.6px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5736.87px;left:4676.6px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5736.87px;left:5299.46px;white-space:nowrap">10/15/55
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5544.87px;left:6985.46px;white-space:nowrap">10/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5544.87px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5544.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,023,110</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5937.83px;left:779.21px;white-space:nowrap">1,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5937.83px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5937.83px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5937.83px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5937.83px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5937.83px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5937.83px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5937.83px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5937.83px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5937.83px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5937.83px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5937.83px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6129.83px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Two
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6129.83px;left:1988.96px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6129.83px;left:2679.83px;letter-spacing:-0.8px;white-space:nowrap">Fifth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6129.83px;left:3036.15px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6129.83px;left:3518.06px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6129.83px;left:3966.05px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6129.83px;left:4588.92px;white-space:nowrap">11/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5937.83px;left:6985.46px;white-space:nowrap">11/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:5937.83px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5937.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,579,575</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6330.79px;left:779.21px;white-space:nowrap">1,475
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6330.79px;left:1512px;letter-spacing:-2.69px;white-space:nowrap">Port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6330.79px;left:1834.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6330.79px;left:2547.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6330.79px;left:2736.46px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6330.79px;left:3105.74px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6330.79px;left:3464.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6330.79px;left:3784.93px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6330.79px;left:4156.13px;letter-spacing:-1.32px;white-space:nowrap">Jersey,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6330.79px;left:4695.64px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6330.79px;left:5718.66px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6330.79px;left:6391.14px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6522.79px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Two
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6522.79px;left:1988.96px;letter-spacing:-0.36px;white-space:nowrap">Hundred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6522.79px;left:2675.99px;letter-spacing:-1.4px;white-space:nowrap">Twenty-One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6522.79px;left:3596.14px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6522.79px;left:4078.05px;letter-spacing:-0.8px;white-space:nowrap">2020,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6522.79px;left:4526.04px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6522.79px;left:5148.91px;letter-spacing:-0.53px;white-space:nowrap">7/15/55,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6522.79px;left:5808.09px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6330.79px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6330.79px;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:160px;position:absolute;top:6330.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6330.79px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6330.79px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,309,136</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6723.75px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6723.75px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6723.75px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6723.75px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6723.75px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6723.75px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6723.75px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6723.75px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6723.75px;left:5250.03px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6723.75px;left:5872.11px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6915.75px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6915.75px;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:160px;position:absolute;top:6915.75px;left:2870.7px;letter-spacing:-3.12px;white-space:nowrap">MTA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6915.75px;left:3243.18px;white-space:nowrap">Bridges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6915.75px;left:3848.13px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6915.75px;left:3996.93px;letter-spacing:-2.13px;white-space:nowrap">Tunnels,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6915.75px;left:4632.28px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6915.75px;left:5426.84px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6915.75px;left:5908.75px;letter-spacing:-0.69px;white-space:nowrap">2017B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7107.75px;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:160px;position:absolute;top:7107.75px;left:2278.87px;white-space:nowrap">11/15/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6723.75px;left:7078.26px;white-space:nowrap">5/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6723.75px;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:160px;position:absolute;top:6723.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6723.75px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6723.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,065,740</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7308.71px;left:779.21px;white-space:nowrap">1,095
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7308.71px;left:1512px;letter-spacing:-1.57px;white-space:nowrap">Triborough
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7308.71px;left:2365.91px;white-space:nowrap">Bridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7308.71px;left:2899.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7308.71px;left:3216.3px;letter-spacing:-2.06px;white-space:nowrap">Tunnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7308.71px;left:3740.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7308.71px;left:4485.08px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7308.71px;left:4854.36px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7308.71px;left:5250.03px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7308.71px;left:5872.11px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7500.71px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7500.71px;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:160px;position:absolute;top:7500.71px;left:2870.7px;letter-spacing:-3.12px;white-space:nowrap">MTA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7500.71px;left:3243.18px;white-space:nowrap">Bridges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7500.71px;left:3848.13px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7500.71px;left:3996.93px;letter-spacing:-2.13px;white-space:nowrap">Tunnels,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7500.71px;left:4632.28px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7500.71px;left:5114.2px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7500.71px;left:5674.19px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7692.71px;left:1656px;white-space:nowrap">11/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7308.71px;left:7078.26px;white-space:nowrap">5/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7308.71px;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:160px;position:absolute;top:7308.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7308.71px;left:8796.8px;white-space:nowrap">AA-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7308.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,140,026</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7893.67px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7893.67px;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:160px;position:absolute;top:7893.67px;left:9686.42px;white-space:nowrap">11,895,642
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8207.99px;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:160px;font-weight:bold;position:absolute;top:8207.99px;left:1852px;letter-spacing:-0.17px;white-space:nowrap">Guaranteed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8207.99px;left:2809.27px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8207.99px;left:2901.43px;white-space:nowrap">4.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8207.99px;left:3341.9px;white-space:nowrap">(4.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8207.99px;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:160px;font-weight:bold;position:absolute;top:8207.99px;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:160px;font-weight:bold;position:absolute;top:8207.99px;left:4452.93px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8207.99px;left:5495px;white-space:nowrap">(4)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8476.95px;left:1512px;white-space:nowrap">Dormitory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8476.95px;left:2291.03px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8476.95px;left:3004.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8476.95px;left:3192.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8476.95px;left:3468.45px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8476.95px;left:3874.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8476.95px;left:4063.32px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8476.95px;left:4432.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8476.95px;left:4828.27px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8668.95px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8668.95px;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:160px;position:absolute;top:8668.95px;left:2870.7px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8668.95px;left:3276.78px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8668.95px;left:4030.37px;white-space:nowrap">Dormitory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8668.95px;left:4812.27px;letter-spacing:-1.04px;white-space:nowrap">Facilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8860.95px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8860.95px;left:2137.91px;white-space:nowrap">2015A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9061.91px;left:1006.4px;white-space:nowrap">20
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9061.91px;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:160px;position:absolute;top:9061.91px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9061.91px;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:160px;position:absolute;top:9061.91px;left:3983.32px;white-space:nowrap">7/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9061.91px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9061.91px;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:160px;position:absolute;top:9061.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9061.91px;left:8781.76px;white-space:nowrap">Aa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9061.91px;left:9935.41px;letter-spacing:0px;white-space:nowrap">20,870</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9262.87px;left:1006.4px;white-space:nowrap">25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9262.87px;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:160px;position:absolute;top:9262.87px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/33,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9262.87px;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:160px;position:absolute;top:9262.87px;left:3983.32px;white-space:nowrap">7/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9262.87px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:9262.87px;left:8781.76px;white-space:nowrap">Aa3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9262.87px;left:9935.41px;letter-spacing:0px;white-space:nowrap">26,087</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9463.83px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9463.83px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9463.83px;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:160px;position:absolute;top:9463.83px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9463.83px;left:2560.31px;letter-spacing:-1.26px;white-space:nowrap">Transitional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9463.83px;left:3429.42px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9463.83px;left:4036.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9463.83px;left:4780.6px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9463.83px;left:5149.88px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9463.83px;left:5545.55px;letter-spacing:-1.37px;white-space:nowrap">Future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9463.83px;left:6047.79px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9655.83px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9655.83px;left:2298.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9655.83px;left:2841.1px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9655.83px;left:3779.65px;letter-spacing:-0.41px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9655.83px;left:4223.49px;white-space:nowrap">2013
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9655.83px;left:4634.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9655.83px;left:5116.6px;letter-spacing:-1.6px;white-space:nowrap">I,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9655.83px;left:5234.99px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9655.83px;left:5857.86px;letter-spacing:-0.53px;white-space:nowrap">5/01/38,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9655.83px;left:6517.05px;letter-spacing:-2.11px;white-space:nowrap">(Pre-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9847.83px;left:1656px;letter-spacing:-0.32px;white-space:nowrap">refunded
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9847.83px;left:2370.71px;white-space:nowrap">5/01/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9463.83px;left:7078.26px;white-space:nowrap">5/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9463.83px;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:160px;position:absolute;top:9463.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9463.83px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9463.83px;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:160px;position:absolute;top:10048.79px;left:779.21px;white-space:nowrap">1,005
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;left:1512px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;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:160px;position:absolute;top:10048.79px;left:2240.15px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;left:2560.31px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;left:2949.42px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;left:3191.98px;letter-spacing:-0.21px;white-space:nowrap">Cultural
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;left:3805.57px;letter-spacing:-0.87px;white-space:nowrap">Resources,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;left:4626.84px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;left:4996.11px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;left:5391.79px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;left:6064.26px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10240.79px;left:1656px;white-space:nowrap">Wildlife
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10240.79px;left:2252.79px;letter-spacing:-0.27px;white-space:nowrap">Conservation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10240.79px;left:3260.3px;letter-spacing:-1.17px;white-space:nowrap">Society,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10240.79px;left:3859.65px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10240.79px;left:4341.56px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10240.79px;left:4901.55px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10240.79px;left:5524.42px;letter-spacing:-0.53px;white-space:nowrap">8/01/32,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10240.79px;left:6183.61px;letter-spacing:-2.11px;white-space:nowrap">(Pre-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10432.79px;left:1656px;letter-spacing:-0.32px;white-space:nowrap">refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10432.79px;left:2370.71px;white-space:nowrap">8/01/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;left:7078.26px;white-space:nowrap">8/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;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:160px;position:absolute;top:10048.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;left:8853.44px;white-space:nowrap">A+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10048.79px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,013,020</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10633.75px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10633.75px;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:160px;position:absolute;top:10633.75px;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:160px;position:absolute;top:10633.75px;left:9779.22px;white-space:nowrap">2,062,917
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10948.07px;left:1512px;white-space:nowrap">Utilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10948.07px;left:2149.75px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10948.07px;left:2241.9px;white-space:nowrap">6.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10948.07px;left:2682.38px;white-space:nowrap">(6.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10948.07px;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:160px;font-weight:bold;position:absolute;top:10948.07px;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:160px;font-weight:bold;position:absolute;top:10948.07px;left:3793.41px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11217.02px;left:913.61px;white-space:nowrap">200</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11217.02px;left:1512px;letter-spacing:-0.36px;white-space:nowrap">Buffalo
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11217.02px;left:2061.76px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11217.02px;left:2814.87px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11217.02px;left:3288.3px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11217.02px;left:3895.34px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11217.02px;left:4639.49px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11217.02px;left:5008.77px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11217.02px;left:5402.52px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11217.02px;left:5875.96px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11409.02px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11409.02px;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:160px;position:absolute;top:11409.02px;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:160px;position:absolute;top:11409.02px;left:3665.26px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11409.02px;left:4147.17px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11409.02px;left:4707.16px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11409.02px;left:5330.03px;white-space:nowrap">7/01/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11217.02px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11217.02px;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:160px;position:absolute;top:11217.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11217.02px;left:8853.44px;white-space:nowrap">A+
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11217.02px;left:9841.61px;white-space:nowrap">207,558</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.98px;left:1006.4px;white-space:nowrap">50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.98px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.98px;left:1922.56px;white-space:nowrap">Island
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.98px;left:2395.83px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.98px;left:2880.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.98px;left:3624.61px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.98px;left:3993.89px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.98px;left:4389.56px;white-space:nowrap">Electric
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.98px;left:4964.44px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.98px;left:5525.39px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.98px;left:6147.46px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11801.98px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11801.98px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11801.98px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11801.98px;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:160px;position:absolute;top:11801.98px;left:3863px;white-space:nowrap">9/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.98px;left:7078.26px;white-space:nowrap">9/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.98px;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:160px;position:absolute;top:11609.98px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.98px;left:8962.88px;letter-spacing:-2.88px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11609.98px;left:9934.41px;white-space:nowrap">50,422</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.94px;left:913.61px;white-space:nowrap">180
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.94px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.94px;left:1922.56px;white-space:nowrap">Island
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.94px;left:2395.83px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.94px;left:2880.46px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.94px;left:3624.61px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.94px;left:3993.89px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.94px;left:4389.56px;white-space:nowrap">Electric
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.94px;left:4964.44px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.94px;left:5525.39px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.94px;left:6147.46px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12194.94px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12194.94px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12194.94px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2016B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12194.94px;left:3229.89px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12194.94px;left:3852.76px;white-space:nowrap">9/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.94px;left:7078.26px;white-space:nowrap">9/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.94px;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:160px;position:absolute;top:12002.94px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.94px;left:8962.88px;letter-spacing:-2.88px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12002.94px;left:9841.61px;white-space:nowrap">184,352</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12395.9px;left:913.61px;white-space:nowrap">150
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12395.9px;left:1512px;letter-spacing:-0.24px;white-space:nowrap">Niagara
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12395.9px;left:2124.48px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12395.9px;left:2507.19px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12395.9px;left:3545.58px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12395.9px;left:4511.33px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12395.9px;left:4880.6px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12395.9px;left:5276.28px;white-space:nowrap">Solid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12395.9px;left:5684.6px;letter-spacing:-0.96px;white-space:nowrap">Waste
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12395.9px;left:6173.07px;white-space:nowrap">Disposal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12587.9px;left:1656px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12587.9px;left:2192.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12587.9px;left:2865.27px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12587.9px;left:3659.82px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12587.9px;left:4202.05px;letter-spacing:-0.24px;white-space:nowrap">Covanta
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12587.9px;left:4845.73px;letter-spacing:-0.41px;white-space:nowrap">Energy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12587.9px;left:5398.84px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12587.9px;left:5975.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12779.9px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12779.9px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">4.750%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12779.9px;left:2838.86px;letter-spacing:-0.48px;white-space:nowrap">11/01/42,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12779.9px;left:3590.84px;letter-spacing:-0.69px;white-space:nowrap">(AMT),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12779.9px;left:4108.6px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12395.9px;left:7078.26px;white-space:nowrap">7/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12395.9px;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:160px;position:absolute;top:12395.9px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12395.9px;left:8877.44px;white-space:nowrap">B1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12395.9px;left:9841.61px;white-space:nowrap">130,227</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">New
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1875.64px;white-space:nowrap">York
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2652.21px;white-space:nowrap">Select
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3581.62px;white-space:nowrap">Tax-Free
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4935.55px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6095.88px;white-space:nowrap">Portfolio
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:7459.65px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4681.96px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:5096.61px;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">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">NXN</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 13280 characters]);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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(1)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:264px;left:7089.94px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:7923.2px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8239.85px;letter-spacing:-0.35px;white-space:nowrap">Ratings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:8859.2px;white-space:nowrap">(3)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">1,365</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">Utility
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:1965.43px;white-space:nowrap">Debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:2370.71px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:3386.85px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4131px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4500.28px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:4895.95px;letter-spacing:-0.14px;white-space:nowrap">Restructuring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:5909.06px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6451.29px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">2013TE,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2289.91px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1039.28px;left:2912.78px;white-space:nowrap">12/15/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:847.28px;left:6985.46px;white-space:nowrap">12/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:847.28px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,379,210
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;position:absolute;top:1240.24px;left:1512px;white-space:nowrap">Utility
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:1965.43px;white-space:nowrap">Debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:2370.71px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:3386.85px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4131px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4500.28px;letter-spacing:-3.2px;white-space:nowrap">York,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:4895.95px;letter-spacing:-0.14px;white-space:nowrap">Restructuring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:5909.06px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:6451.29px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2016B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1432.24px;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:160px;position:absolute;top:1432.24px;left:2828.62px;white-space:nowrap">12/15/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">6/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;position:absolute;top:1240.24px;left:8738.88px;letter-spacing:-0.96px;white-space:nowrap">AAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1240.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,050,280</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:1902.08px;white-space:nowrap">Utilities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1633.2px;left:9779.22px;white-space:nowrap">3,002,049
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;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:160px;font-weight:bold;position:absolute;top:1834.16px;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:160px;font-weight:bold;position:absolute;top:1834.16px;left:2776.63px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1834.16px;left:3763.97px;white-space:nowrap">(cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1834.16px;left:4175.33px;white-space:nowrap">$50,111,361)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1834.16px;left:9517.13px;letter-spacing:0px;white-space:nowrap">49,219,723
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2035.12px;left:1512px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2035.12px;left:2002.24px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2035.12px;left:2540.31px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2035.12px;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:160px;font-weight:bold;position:absolute;top:2035.12px;left:3536.13px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2035.12px;left:3857.4px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2035.12px;left:3949.56px;white-space:nowrap">(0.5)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2035.12px;left:9717.13px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2035.12px;left:9771.85px;white-space:nowrap">227,891</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2035.12px;left:10440px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2236.07px;left:1512px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2236.07px;left:1830.4px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2236.07px;left:2365.59px;white-space:nowrap">Applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2236.07px;left:3247.02px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2236.07px;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:160px;font-weight:bold;position:absolute;top:2236.07px;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:160px;font-weight:bold;position:absolute;top:2236.07px;left:4748.76px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2236.07px;left:4840.92px;white-space:nowrap">100%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2236.07px;left:9072px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2236.07px;left:9517.13px;letter-spacing:0px;white-space:nowrap">48,991,832</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2527.03px;left:0px;white-space:nowrap">(1)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2527.03px;left:648px;white-space:nowrap">All
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2527.03px;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:160px;position:absolute;top:2527.03px;left:1832.79px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2527.03px;left:2347.18px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2527.03px;left:2520.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2527.03px;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:160px;position:absolute;top:2527.03px;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:160px;position:absolute;top:2527.03px;left:3632.92px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2527.03px;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:160px;position:absolute;top:2527.03px;left:4818.02px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2527.03px;left:5309.85px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2527.03px;left:5540.57px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2527.03px;left:5815.77px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2527.03px;left:6296.55px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2527.03px;left:7104.71px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2527.03px;left:7293.19px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2527.03px;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:160px;position:absolute;top:2527.03px;left:8491.25px;white-space:nowrap">unless
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2527.03px;left:8991.08px;white-space:nowrap">otherwise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2527.03px;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:160px;position:absolute;top:2727.99px;left:0px;white-space:nowrap">(2)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2727.99px;left:648px;white-space:nowrap">Optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2727.99px;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:160px;position:absolute;top:2727.99px;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:160px;position:absolute;top:2727.99px;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:160px;position:absolute;top:2727.99px;left:2925.89px;white-space:nowrap">(month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2727.99px;left:3489.88px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2727.99px;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:160px;position:absolute;top:2727.99px;left:4209.87px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2727.99px;left:4530.19px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2727.99px;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:160px;position:absolute;top:2727.99px;left:5200.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2727.99px;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:160px;position:absolute;top:2727.99px;left:6043.44px;white-space:nowrap">optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2727.99px;left:6690px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2727.99px;left:6976.08px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2727.99px;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:160px;position:absolute;top:2727.99px;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:160px;position:absolute;top:2727.99px;left:8567.74px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2727.99px;left:8912.54px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2727.99px;left:9145.97px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2727.99px;left:9576.85px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2727.99px;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:160px;position:absolute;top:2727.99px;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:160px;position:absolute;top:2919.99px;left:648px;white-space:nowrap">varying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2919.99px;left:1221.27px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2919.99px;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:160px;position:absolute;top:2919.99px;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:160px;position:absolute;top:2919.99px;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:160px;position:absolute;top:2919.99px;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:160px;position:absolute;top:2919.99px;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:160px;position:absolute;top:2919.99px;left:4642.35px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2919.99px;left:5368.73px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2919.99px;left:5713.53px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2919.99px;left:5946.97px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2919.99px;left:6515.28px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2919.99px;left:6703.75px;white-space:nowrap">periodic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2919.99px;left:7354.15px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2919.99px;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:160px;position:absolute;top:2919.99px;left:8898.61px;white-space:nowrap">Optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2919.99px;left:9583.4px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2919.99px;left:9901.8px;letter-spacing:-0.96px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2919.99px;left:10670.27px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3111.99px;left:648px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3111.99px;left:929.44px;letter-spacing:-0.36px;white-space:nowrap">covered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3111.99px;left:1564.95px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3111.99px;left:1784.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3111.99px;left:2060.46px;letter-spacing:-0.69px;white-space:nowrap">report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3111.99px;left:2552.45px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3111.99px;left:2741.25px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3111.99px;left:3730.84px;letter-spacing:-0.52px;white-space:nowrap">registered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3111.99px;left:4519.62px;white-space:nowrap">public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3111.99px;left:5016.42px;white-space:nowrap">accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3111.99px;left:5870.33px;text-rendering:optimizeLegibility;letter-spacing:-0.96px;white-space:nowrap">firm.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:0px;white-space:nowrap">(3)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:648px;letter-spacing:-1.92px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:925.6px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:1569.75px;letter-spacing:-0.48px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:2295.82px;letter-spacing:-0.48px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:3057.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:3333.24px;letter-spacing:-0.44px;white-space:nowrap">ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:3868.6px;white-space:nowrap">disclosed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:4604.11px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:4875.78px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:5151.3px;white-space:nowrap">highest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:5732.25px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:5921.04px;letter-spacing:-0.43px;white-space:nowrap">Standard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:6623.44px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:6776.08px;letter-spacing:-2.19px;white-space:nowrap">Poor&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:7253.19px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:7764.86px;letter-spacing:-0.35px;white-space:nowrap">(&#8220;Standard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:8577.17px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:8729.81px;letter-spacing:-2.02px;white-space:nowrap">Poor&#8217;s&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:9353.63px;letter-spacing:-0.96px;white-space:nowrap">Moody&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3312.95px;left:10009.78px;white-space:nowrap">Investors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:648px;letter-spacing:-0.53px;white-space:nowrap">Service,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:1253.75px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:1545.11px;letter-spacing:-0.64px;white-space:nowrap">(&#8220;Moody&#8217;s&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:2421.09px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:2616.45px;letter-spacing:-1.1px;white-space:nowrap">Fitch,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:3044.29px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:3335.64px;letter-spacing:-0.29px;white-space:nowrap">(&#8220;Fitch&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:3946.52px;letter-spacing:-1.04px;white-space:nowrap">rating.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:4443.79px;letter-spacing:-0.58px;white-space:nowrap">This
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:4776.43px;letter-spacing:-0.54px;white-space:nowrap">treatment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:5523.46px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:5712.25px;letter-spacing:-0.29px;white-space:nowrap">split-rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:6490.8px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:7217.19px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:7561.98px;letter-spacing:-0.41px;white-space:nowrap">differ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:7984.54px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:8365.5px;letter-spacing:-0.32px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:8684.05px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:9081.49px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:9324.04px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3504.95px;left:9754.91px;letter-spacing:-0.48px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:648px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:1025.28px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:1221.75px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:1464.31px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:1875.35px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:2716.13px;letter-spacing:-0.48px;white-space:nowrap">policies.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:3355.17px;letter-spacing:-0.44px;white-space:nowrap">Ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:3928.76px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:4419.63px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:4764.91px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:4984.9px;letter-spacing:-0.43px;white-space:nowrap">Standard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:5687.3px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:5839.94px;letter-spacing:-2.52px;white-space:nowrap">Poor&#8217;s,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:6353.84px;white-space:nowrap">Baa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:6666.48px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:6886.48px;letter-spacing:-0.96px;white-space:nowrap">Moody&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:7542.63px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:7737.99px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:8083.26px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:8303.26px;letter-spacing:-0.48px;white-space:nowrap">Fitch
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:8694.29px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:8965.97px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:9829.32px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:10017.8px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3696.95px;left:10251.23px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:648px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:1488.79px;letter-spacing:-0.96px;white-space:nowrap">grade.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:2001.26px;white-space:nowrap">Holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:2701.25px;letter-spacing:-0.15px;white-space:nowrap">designated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:3567.8px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:3885.08px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:4156.75px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:4438.19px;letter-spacing:-0.59px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:4861.86px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:5081.86px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:5378.34px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:5567.13px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:6005.2px;letter-spacing:-0.18px;white-space:nowrap">national
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:6629.2px;letter-spacing:-0.5px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:7093.51px;letter-spacing:-0.48px;white-space:nowrap">agencies.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:7823.9px;letter-spacing:-0.44px;white-space:nowrap">Ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:8397.5px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:8669.17px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:8950.61px;letter-spacing:-0.36px;white-space:nowrap">covered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:9586.12px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:9806.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:10081.64px;letter-spacing:-0.69px;white-space:nowrap">report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3888.95px;left:10573.63px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4080.95px;left:648px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4080.95px;left:1637.59px;letter-spacing:-0.52px;white-space:nowrap">registered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4080.95px;left:2426.37px;white-space:nowrap">public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4080.95px;left:2923.17px;white-space:nowrap">accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4080.95px;left:3777.08px;text-rendering:optimizeLegibility;letter-spacing:-0.96px;white-space:nowrap">firm.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4281.91px;left:0px;white-space:nowrap">(4)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4281.91px;left:648px;letter-spacing:-0.41px;white-space:nowrap">Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4281.91px;left:1227.36px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4281.91px;left:1447.35px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4281.91px;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:160px;position:absolute;top:4281.91px;left:2220.14px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4281.91px;left:2415.5px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4281.91px;left:2778.53px;white-space:nowrap">containing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4281.91px;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:160px;position:absolute;top:4281.91px;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:160px;position:absolute;top:4281.91px;left:4601.39px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4281.91px;left:5560.42px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4281.91px;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:160px;position:absolute;top:4281.91px;left:6074.17px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4281.91px;left:7033.2px;white-space:nowrap">agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4281.91px;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:160px;position:absolute;top:4281.91px;left:8365.5px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4281.91px;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:160px;position:absolute;top:4281.91px;left:9366.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4281.91px;left:9641.64px;white-space:nowrap">timely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4281.91px;left:10123.55px;white-space:nowrap">payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4281.91px;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:160px;position:absolute;top:4473.91px;left:648px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4473.91px;left:1327.51px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4473.91px;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:160px;position:absolute;top:4754.87px;left:0px;letter-spacing:-0.72px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4754.87px;left:648px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4754.87px;left:1490.39px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4754.87px;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:160px;position:absolute;top:4754.87px;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:160px;position:absolute;top:4754.87px;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:160px;position:absolute;top:4754.87px;left:3484.6px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4754.87px;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:160px;position:absolute;top:4754.87px;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:160px;position:absolute;top:4754.87px;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:160px;position:absolute;top:4754.87px;left:4936.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4754.87px;left:5212.1px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4754.87px;left:5954.81px;white-space:nowrap">Act
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4754.87px;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:160px;position:absolute;top:4754.87px;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:160px;position:absolute;top:4754.87px;left:6874.31px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4754.87px;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:160px;position:absolute;top:4754.87px;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:160px;position:absolute;top:4754.87px;left:8325.98px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4754.87px;left:9237.8px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4754.87px;left:9582.6px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4754.87px;left:9931.71px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4946.87px;left:648px;letter-spacing:-0.41px;white-space:nowrap">resold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4946.87px;left:1145.27px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4946.87px;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:160px;position:absolute;top:4946.87px;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:160px;position:absolute;top:4946.87px;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:160px;position:absolute;top:4946.87px;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:160px;position:absolute;top:4946.87px;left:4111.95px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4946.87px;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:160px;position:absolute;top:4946.87px;left:4849.55px;white-space:nowrap">normally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4946.87px;left:5523.3px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4946.87px;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:160px;position:absolute;top:4946.87px;left:6881.35px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4946.87px;left:7224.71px;text-rendering:optimizeLegibility;white-space:nowrap">qualified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4946.87px;left:7905.5px;white-space:nowrap">institutional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4946.87px;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:160px;position:absolute;top:5147.83px;left:0px;letter-spacing:-1.28px;white-space:nowrap">AMT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5147.83px;left:648px;letter-spacing:-0.13px;white-space:nowrap">Alternative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5147.83px;left:1477.27px;white-space:nowrap">Minimum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5147.83px;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:-0.26px;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: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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:6021.56px;white-space:nowrap">Liabilities</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:489.45px;left:0px;white-space:nowrap">February
 </div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:489.45px;left:1806.15px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:489.45px;left:2484.67px;white-space:nowrap">2023</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">53</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12108 characters]);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:140px;font-weight:bold;position:absolute;top:40px;left:6559.94px;white-space:nowrap">NAN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:40px;left:7805.92px;letter-spacing:-0.56px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:40px;left:9019.7px;letter-spacing:-1.12px;white-space:nowrap">NNY</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:40px;left:10235.58px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:216.32px;left:0px;white-space:nowrap">Assets</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:464.08px;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:464.08px;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:464.08px;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:464.08px;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:430.64px;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:464.08px;left:5731.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:464.08px;left:6109.62px;letter-spacing:-2.92px;white-space:nowrap">614,106,576&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:464.08px;left:6955.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:464.08px;left:7216.02px;letter-spacing:-2.5px;white-space:nowrap">1,686,508,608&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:464.08px;left:8179.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:464.08px;left:8557.62px;letter-spacing:-2.92px;white-space:nowrap">166,729,344&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:464.08px;left:9403.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:464.08px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">49,219,723&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:649.92px;left:0px;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:649.92px;left:729.95px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:649.92px;left:942.19px;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:649.92px;left:6272.02px;letter-spacing:-3.5px;white-space:nowrap">7,845,707&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:649.92px;left:7414.82px;letter-spacing:-3.18px;white-space:nowrap">19,841,944&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:649.92px;left:8720.02px;letter-spacing:-3.5px;white-space:nowrap">2,056,504&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:649.92px;left:10061.61px;letter-spacing:-4.37px;white-space:nowrap">639,237&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:835.76px;left:0px;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:835.76px;left:729.95px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:835.76px;left:942.19px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:835.76px;left:1740.04px;white-space:nowrap">sold</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:835.76px;left:6470.81px;letter-spacing:-5px;white-space:nowrap">25,000&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:835.76px;left:7414.82px;letter-spacing:-3.18px;white-space:nowrap">23,280,000&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:835.76px;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:835.76px;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:1021.6px;left:0px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1021.6px;left:410.47px;white-space:nowrap">assets</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1021.6px;left:6389.61px;letter-spacing:-4.37px;white-space:nowrap">187,548&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1021.6px;left:7613.61px;letter-spacing:-4.37px;white-space:nowrap">837,911&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1021.6px;left:9000.01px;letter-spacing:-5.83px;white-space:nowrap">2,890&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1021.6px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">18,787&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1282.44px;left:72px;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:1282.44px;left:413.32px;white-space:nowrap">assets</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1282.44px;left:6109.62px;letter-spacing:-2.92px;white-space:nowrap">622,164,831&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1282.44px;left:7216.02px;letter-spacing:-2.5px;white-space:nowrap">1,730,468,463&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1282.44px;left:8557.62px;letter-spacing:-2.92px;white-space:nowrap">168,788,738&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1282.44px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">49,877,747&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:173px;font-weight:900;position:absolute;top:1514.76px;left:0px;white-space:nowrap">Liabilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1732.28px;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:1732.28px;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:1732.28px;left:6272.02px;letter-spacing:-3.5px;white-space:nowrap">1,310,632&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1732.28px;left:7496.02px;letter-spacing:-3.5px;white-space:nowrap">1,624,248&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1732.28px;left:8837.61px;letter-spacing:-4.37px;white-space:nowrap">423,460&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1732.28px;left:10061.61px;letter-spacing:-4.37px;white-space:nowrap">665,030&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1918.12px;left:0px;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:1918.12px;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:1918.12px;left:7496.02px;letter-spacing:-3.5px;white-space:nowrap">2,600,000&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1918.12px;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:1918.12px;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:2103.96px;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:2103.96px;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:2103.96px;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:2103.96px;left:6190.82px;letter-spacing:-3.18px;white-space:nowrap">25,825,000&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2103.96px;left:7414.82px;letter-spacing:-3.18px;white-space:nowrap">33,480,000&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2103.96px;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:2103.96px;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:2289.79px;left:0px;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:2289.79px;left:530.17px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2289.79px;left:742.41px;white-space:nowrap">dividends</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2289.79px;left:6272.02px;letter-spacing:-3.5px;white-space:nowrap">1,066,917&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2289.79px;left:7496.02px;letter-spacing:-3.5px;white-space:nowrap">2,867,488&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2289.79px;left:8837.61px;letter-spacing:-4.37px;white-space:nowrap">463,410&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2289.79px;left:10061.61px;letter-spacing:-4.37px;white-space:nowrap">145,093&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2475.63px;left:0px;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:2475.63px;left:530.17px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2475.63px;left:742.41px;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:2475.63px;left:6389.61px;letter-spacing:-4.37px;white-space:nowrap">260,107&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2475.63px;left:7613.61px;letter-spacing:-4.37px;white-space:nowrap">381,593&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2475.63px;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:2475.63px;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:2661.47px;left:0px;white-space:nowrap">AMTP
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2661.47px;left:418.03px;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:2661.47px;left:910.69px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:81.6px;position:absolute;top:2658.99px;left:1142.1px;white-space:nowrap">*
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2661.47px;left:6109.62px;letter-spacing:-2.92px;white-space:nowrap">126,944,044&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2661.47px;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:2661.47px;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:2661.47px;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:2847.31px;left:0px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2847.31px;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:2847.31px;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:2844.83px;left:1042.98px;white-space:nowrap">**
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2847.31px;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:2847.31px;left:7414.82px;letter-spacing:-3.18px;white-space:nowrap">79,592,302&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2847.31px;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:2847.31px;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:3033.15px;left:0px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3033.15px;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:3033.15px;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:3030.67px;left:1117.32px;white-space:nowrap">***
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3033.15px;left:6190.82px;letter-spacing:-3.18px;white-space:nowrap">88,227,438&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3033.15px;left:7333.62px;letter-spacing:-2.92px;white-space:nowrap">582,141,668&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3033.15px;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:3033.15px;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:3218.99px;left:0px;white-space:nowrap">Accrued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3218.99px;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:3404.83px;left:72px;white-space:nowrap">Custodian
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3404.83px;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:3404.83px;left:6470.81px;letter-spacing:-5px;white-space:nowrap">54,375&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3404.83px;left:7613.61px;letter-spacing:-4.37px;white-space:nowrap">143,889&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3404.83px;left:8918.81px;letter-spacing:-5px;white-space:nowrap">19,680&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3404.83px;left:10224.01px;letter-spacing:-5.83px;white-space:nowrap">9,180&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3590.67px;left:72px;white-space:nowrap">Investor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3590.67px;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:3590.67px;left:6470.81px;letter-spacing:-5px;white-space:nowrap">10,555&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3590.67px;left:7694.81px;letter-spacing:-5px;white-space:nowrap">29,682&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3590.67px;left:9000.01px;letter-spacing:-5.83px;white-space:nowrap">3,110&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3590.67px;left:10224.01px;letter-spacing:-5.83px;white-space:nowrap">1,142&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3776.51px;left:72px;white-space:nowrap">Management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3776.51px;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:3776.51px;left:6389.61px;letter-spacing:-4.37px;white-space:nowrap">289,884&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3776.51px;left:7613.61px;letter-spacing:-4.37px;white-space:nowrap">769,108&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3776.51px;left:8918.81px;letter-spacing:-5px;white-space:nowrap">64,831&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3776.51px;left:10224.01px;letter-spacing:-5.83px;white-space:nowrap">9,850&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3962.35px;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:3962.35px;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:3962.35px;left:6389.61px;letter-spacing:-4.37px;white-space:nowrap">104,521&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3962.35px;left:7613.61px;letter-spacing:-4.37px;white-space:nowrap">392,273&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3962.35px;left:9000.01px;letter-spacing:-5.83px;white-space:nowrap">2,190&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3962.35px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">17,845&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4148.19px;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:4148.19px;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:4148.19px;left:6470.81px;letter-spacing:-5px;white-space:nowrap">25,267&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4148.19px;left:7694.81px;letter-spacing:-5px;white-space:nowrap">30,452&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4148.19px;left:8918.81px;letter-spacing:-5px;white-space:nowrap">25,569&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4148.19px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">27,090&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4334.03px;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:4334.03px;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:4334.03px;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:4334.03px;left:6470.81px;letter-spacing:-5px;white-space:nowrap">16,270&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4334.03px;left:7694.81px;letter-spacing:-5px;white-space:nowrap">34,060&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4334.03px;left:9000.01px;letter-spacing:-5.83px;white-space:nowrap">9,736&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4334.03px;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:140px;position:absolute;top:4519.87px;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:4519.87px;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:4519.87px;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:4519.87px;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:4519.87px;left:6552.01px;letter-spacing:-5.83px;white-space:nowrap">4,073&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4519.87px;left:7776.01px;letter-spacing:-5.83px;white-space:nowrap">4,384&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4519.87px;left:9000.01px;letter-spacing:-5.83px;white-space:nowrap">1,572&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4519.87px;left:10341.61px;letter-spacing:-8.75px;white-space:nowrap">336&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4705.71px;left:72px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4705.71px;left:6552.01px;letter-spacing:-5.83px;white-space:nowrap">4,561&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4705.71px;left:7694.81px;letter-spacing:-5px;white-space:nowrap">43,133&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4705.71px;left:8918.81px;letter-spacing:-5px;white-space:nowrap">26,017&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4705.71px;left:10224.01px;letter-spacing:-5.83px;white-space:nowrap">5,617&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4966.55px;left:72px;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:4966.55px;left:413.32px;white-space:nowrap">liabilities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4966.55px;left:6109.62px;letter-spacing:-2.92px;white-space:nowrap">244,143,644&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4966.55px;left:7333.62px;letter-spacing:-2.92px;white-space:nowrap">704,134,280&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4966.55px;left:8720.02px;letter-spacing:-3.5px;white-space:nowrap">1,039,575&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4966.55px;left:10061.61px;letter-spacing:-4.37px;white-space:nowrap">885,915&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:5201.39px;left:0px;letter-spacing:-0.14px;white-space:nowrap">Commitments
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:5201.39px;left:988.67px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:5201.39px;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:5198.9px;left:2229.33px;white-space:nowrap">(1)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5451.23px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5451.23px;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:5451.23px;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:5451.23px;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:5451.23px;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:5451.23px;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:5451.23px;left:5731.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5451.23px;left:6109.62px;letter-spacing:-2.92px;white-space:nowrap">378,021,187&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5451.23px;left:6955.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5451.23px;left:7216.02px;letter-spacing:-2.5px;white-space:nowrap">1,026,334,183&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5451.23px;left:8179.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5451.23px;left:8557.62px;letter-spacing:-2.92px;white-space:nowrap">167,749,163&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5451.23px;left:9403.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5451.23px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">48,991,832&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5701.07px;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:5701.07px;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:5701.07px;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:5701.07px;left:6190.82px;letter-spacing:-3.18px;white-space:nowrap">30,851,332&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5701.07px;left:7414.82px;letter-spacing:-3.18px;white-space:nowrap">87,235,304&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5701.07px;left:8638.82px;letter-spacing:-3.18px;white-space:nowrap">18,886,053&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5701.07px;left:9944.02px;letter-spacing:-3.5px;white-space:nowrap">3,924,895&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5950.91px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5950.91px;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:5950.91px;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:5950.91px;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:5950.91px;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:5950.91px;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:5950.91px;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:5950.91px;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:5950.91px;left:5731.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5950.91px;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:5950.91px;left:6714.41px;letter-spacing:-8.75px;white-space:nowrap">.25&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5950.91px;left:6955.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5950.91px;left:7776.01px;white-space:nowrap">11
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5950.91px;left:7938.41px;letter-spacing:-8.75px;white-space:nowrap">.77&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5950.91px;left:8179.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5950.91px;left:9081.21px;white-space:nowrap">8</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5950.91px;left:9162.41px;letter-spacing:-8.75px;white-space:nowrap">.88&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5950.91px;left:9403.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5950.91px;left:10224.01px;white-space:nowrap">12
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5950.91px;left:10386.41px;letter-spacing:-8.75px;white-space:nowrap">.48&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6200.75px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6200.75px;left:281.12px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6200.75px;left:729.11px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6200.75px;left:1477.54px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6200.75px;left:1653.1px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6200.75px;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:140px;font-weight:bold;position:absolute;top:6200.75px;left:2749.56px;white-space:nowrap">consist
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6200.75px;left:3255.37px;white-space:nowrap">of:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6450.59px;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:6450.59px;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:6450.59px;left:1109.63px;white-space:nowrap">$0.01
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6450.59px;left:1505.82px;white-space:nowrap">par
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6450.59px;left:1754.87px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6450.59px;left:2129.65px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6450.59px;left:2384.03px;letter-spacing:-0.5px;white-space:nowrap">share</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6450.59px;left:5731.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6450.59px;left:6389.61px;letter-spacing:-4.37px;white-space:nowrap">308,513&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6450.59px;left:6955.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6450.59px;left:7613.61px;letter-spacing:-4.37px;white-space:nowrap">872,353&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6450.59px;left:8179.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6450.59px;left:8837.61px;letter-spacing:-4.37px;white-space:nowrap">188,861&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6450.59px;left:9403.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6450.59px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">39,249&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6636.42px;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:6636.42px;left:467.88px;white-space:nowrap">surplus</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6636.42px;left:6109.62px;letter-spacing:-2.92px;white-space:nowrap">435,640,623&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6636.42px;left:7216.02px;letter-spacing:-2.5px;white-space:nowrap">1,172,987,131&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6636.42px;left:8557.62px;letter-spacing:-2.92px;white-space:nowrap">178,431,300&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6636.42px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">53,856,608&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6822.26px;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:6822.26px;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:6822.26px;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:6822.26px;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:6822.26px;left:6148.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6822.26px;left:6190.82px;letter-spacing:-3.18px;white-space:nowrap">57,927,949&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6822.26px;left:6913.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6822.26px;left:7291.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6822.26px;left:7333.62px;letter-spacing:-2.92px;white-space:nowrap">147,525,301&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6822.26px;left:8137.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6822.26px;left:8596.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6822.26px;left:8638.82px;letter-spacing:-3.18px;white-space:nowrap">10,870,998&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6822.26px;left:9361.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6822.26px;left:9902.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6822.26px;left:9944.02px;letter-spacing:-3.5px;white-space:nowrap">4,904,025&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6822.26px;left:10585.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7040.1px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7040.1px;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:7040.1px;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:7040.1px;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:7040.1px;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:7040.1px;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:7040.1px;left:5731.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7040.1px;left:6109.62px;letter-spacing:-2.92px;white-space:nowrap">378,021,187&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7040.1px;left:6955.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7040.1px;left:7216.02px;letter-spacing:-2.5px;white-space:nowrap">1,026,334,183&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7040.1px;left:8179.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7040.1px;left:8557.62px;letter-spacing:-2.92px;white-space:nowrap">167,749,163&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7040.1px;left:9403.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7040.1px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">48,991,832&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7289.94px;left:0px;white-space:nowrap">Authorized
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7289.94px;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:7475.78px;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:7475.78px;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:7475.78px;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:7475.78px;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:7475.78px;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:7661.62px;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:7661.62px;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:7661.62px;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:7661.62px;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:7661.62px;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:7876.27px;left:0px;white-space:nowrap">&#8224;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7909.7px;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:7909.7px;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:7909.7px;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:7909.7px;left:5731.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7909.7px;left:6109.62px;letter-spacing:-2.92px;white-space:nowrap">623,308,682&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7909.7px;left:6955.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7909.7px;left:7216.02px;letter-spacing:-2.5px;white-space:nowrap">1,690,132,054&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7909.7px;left:8179.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7909.7px;left:8557.62px;letter-spacing:-2.92px;white-space:nowrap">168,098,061&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7909.7px;left:9403.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7909.7px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">50,111,361&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:81.6px;position:absolute;top:8125.06px;left:0px;white-space:nowrap">*</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8127.54px;left:138.72px;white-space:nowrap">AMTP
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8127.54px;left:556.75px;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:8127.54px;left:1049.41px;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:8127.54px;left:1768.72px;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:8127.54px;left:6109.62px;letter-spacing:-2.92px;white-space:nowrap">127,000,000&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8127.54px;left:8053.2px;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:8127.54px;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:8127.54px;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:8342.9px;left:0px;white-space:nowrap">**
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8345.38px;left:177.48px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8345.38px;left:496.39px;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:8345.38px;left:989.04px;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:8345.38px;left:1708.36px;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:8345.38px;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:8345.38px;left:7414.82px;letter-spacing:-3.18px;white-space:nowrap">80,000,000&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8345.38px;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:8345.38px;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:8560.74px;left:0px;white-space:nowrap">***
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8563.22px;left:108.71px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8563.22px;left:501.97px;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:8563.22px;left:994.62px;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:8563.22px;left:1713.93px;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:8563.22px;left:6190.82px;letter-spacing:-3.18px;white-space:nowrap">89,000,000&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8563.22px;left:7333.62px;letter-spacing:-2.92px;white-space:nowrap">583,800,000&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8563.22px;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:8563.22px;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:8898.58px;left:0px;white-space:nowrap">(1)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8901.06px;left:288px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8901.06px;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:8901.06px;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:8901.06px;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:8901.06px;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:8901.06px;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:8901.06px;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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:3274.92px;white-space:nowrap">Operations</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:489.45px;left:0px;white-space:nowrap">Year
 </div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:489.45px;left:962.4px;white-space:nowrap">Ended
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:489.45px;left:2245.08px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:489.45px;left:4051.23px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:489.45px;left:4729.75px;white-space:nowrap">2023 </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">54</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11188 characters]);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:140px;font-weight:bold;position:absolute;top:40px;left:6343.94px;white-space:nowrap">NAN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:40px;left:7661.92px;letter-spacing:-0.56px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:40px;left:8947.7px;letter-spacing:-1.12px;white-space:nowrap">NNY</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:40px;left:10235.58px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:315.84px;left:0px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:315.84px;left:797.85px;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:5515.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:501.68px;left:5902.82px;letter-spacing:-3.18px;white-space:nowrap">26,565,719&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:501.68px;left:6811.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:501.68px;left:7198.82px;letter-spacing:-3.18px;white-space:nowrap">73,943,960&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:501.68px;left:8107.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:501.68px;left:8576.02px;letter-spacing:-3.5px;white-space:nowrap">6,813,378&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:501.68px;left:9403.2px;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">1,957,226&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;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;font-weight:bold;position:absolute;top:687.52px;left:364.42px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:687.52px;left:1162.27px;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:5902.82px;letter-spacing:-3.18px;white-space:nowrap">26,565,719&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:687.52px;left:7198.82px;letter-spacing:-3.18px;white-space:nowrap">73,943,960&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:687.52px;left:8576.02px;letter-spacing:-3.5px;white-space:nowrap">6,813,378&#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">1,957,226&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;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:6683.2px;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:7979.2px;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:9275.2px;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:5984.02px;letter-spacing:-3.5px;white-space:nowrap">3,875,600&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1151.2px;left:7198.82px;letter-spacing:-3.18px;white-space:nowrap">10,344,468&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1151.2px;left:8693.61px;letter-spacing:-4.38px;white-space:nowrap">804,296&#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:-4.38px;white-space:nowrap">128,597&#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:6182.81px;letter-spacing:-5px;white-space:nowrap">27,659&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1337.04px;left:7478.81px;letter-spacing:-5px;white-space:nowrap">27,109&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1337.04px;left:8774.81px;letter-spacing:-5px;white-space:nowrap">10,132&#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">2,136&#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:5984.02px;letter-spacing:-3.5px;white-space:nowrap">5,727,805&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1522.88px;left:7198.82px;letter-spacing:-3.18px;white-space:nowrap">13,568,472&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1522.88px;left:8856.01px;letter-spacing:-5.83px;white-space:nowrap">6,319&#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">473&#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:6182.81px;letter-spacing:-5px;white-space:nowrap">16,935&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1708.72px;left:7478.81px;letter-spacing:-5px;white-space:nowrap">48,633&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1708.72px;left:8856.01px;letter-spacing:-5.83px;white-space:nowrap">4,918&#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">1,428&#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:-0.5px;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:1358.4px;white-space:nowrap">net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1894.55px;left:6182.81px;letter-spacing:-5px;white-space:nowrap">65,421&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1894.55px;left:7397.61px;letter-spacing:-4.38px;white-space:nowrap">162,059&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1894.55px;left:8774.81px;letter-spacing:-5px;white-space:nowrap">27,447&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1894.55px;left:10070.81px;letter-spacing:-5px;white-space:nowrap">14,188&#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:6182.81px;letter-spacing:-5px;white-space:nowrap">23,658&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2080.39px;left:7478.81px;letter-spacing:-5px;white-space:nowrap">67,230&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2080.39px;left:8856.01px;letter-spacing:-5.83px;white-space:nowrap">6,368&#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">1,951&#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:6101.61px;letter-spacing:-4.38px;white-space:nowrap">735,244&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2266.23px;left:7280.02px;letter-spacing:-3.5px;white-space:nowrap">4,955,662&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2266.23px;left:9133.2px;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:6182.81px;letter-spacing:-5px;white-space:nowrap">97,097&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2452.07px;left:7397.61px;letter-spacing:-4.38px;white-space:nowrap">189,774&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2452.07px;left:8774.81px;letter-spacing:-5px;white-space:nowrap">39,621&#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">34,262&#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:6182.81px;letter-spacing:-5px;white-space:nowrap">45,118&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2637.91px;left:7397.61px;letter-spacing:-4.38px;white-space:nowrap">803,609&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2637.91px;left:9133.2px;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:6182.81px;letter-spacing:-5px;white-space:nowrap">36,633&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2823.75px;left:7478.81px;letter-spacing:-5px;white-space:nowrap">67,249&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2823.75px;left:8774.81px;letter-spacing:-5px;white-space:nowrap">23,049&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2823.75px;left:10070.81px;letter-spacing:-5px;white-space:nowrap">12,684&#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:6264.01px;letter-spacing:-5.83px;white-space:nowrap">9,156&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3009.59px;left:7478.81px;letter-spacing:-5px;white-space:nowrap">25,891&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3009.59px;left:8774.81px;letter-spacing:-5px;white-space:nowrap">21,497&#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">7,240&#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:6182.81px;letter-spacing:-5px;white-space:nowrap">56,166&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3195.43px;left:7397.61px;letter-spacing:-4.38px;white-space:nowrap">136,897&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3195.43px;left:8856.01px;letter-spacing:-5.83px;white-space:nowrap">7,931&#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">7,598&#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:5902.82px;letter-spacing:-3.18px;white-space:nowrap">10,716,492&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3456.27px;left:7198.82px;letter-spacing:-3.18px;white-space:nowrap">30,397,053&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3456.27px;left:8693.61px;letter-spacing:-4.38px;white-space:nowrap">951,578&#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:-4.38px;white-space:nowrap">210,557&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;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:140px;position:absolute;top:3705.11px;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:3705.11px;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:3705.11px;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:3705.11px;left:5902.82px;letter-spacing:-3.18px;white-space:nowrap">15,849,227&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3705.11px;left:7198.82px;letter-spacing:-3.18px;white-space:nowrap">43,546,907&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3705.11px;left:8576.02px;letter-spacing:-3.5px;white-space:nowrap">5,861,800&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3705.11px;left:9872.02px;letter-spacing:-3.5px;white-space:nowrap">1,746,669&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3982.95px;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;font-weight:bold;position:absolute;top:3982.95px;left:618.37px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3982.95px;left:910.97px;letter-spacing:-0.31px;white-space:nowrap">Unrealized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3982.95px;left:1680.68px;white-space:nowrap">Gain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3982.95px;left:2030.26px;letter-spacing:-0.42px;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;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4185.79px;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:4185.79px;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:4185.79px;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:4185.79px;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:4185.79px;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:4185.79px;left:5860.82px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4185.79px;left:5902.82px;letter-spacing:-3.18px;white-space:nowrap">33,109,286&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4185.79px;left:6625.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4185.79px;left:7156.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4185.79px;left:7198.82px;letter-spacing:-3.18px;white-space:nowrap">93,573,167&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4185.79px;left:7921.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4185.79px;left:8534.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4185.79px;left:8576.02px;letter-spacing:-3.5px;white-space:nowrap">7,772,946&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4185.79px;left:9217.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4185.79px;left:9830.02px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4185.79px;left:9872.02px;letter-spacing:-3.5px;white-space:nowrap">2,443,597&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4185.79px;left:10513.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;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:4371.63px;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:4371.63px;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:4371.63px;left:5860.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:5902.82px;letter-spacing:-3.18px;white-space:nowrap">33,109,286&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:6625.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:7156.82px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:7198.82px;letter-spacing:-3.18px;white-space:nowrap">93,573,167&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:7921.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:8534.02px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:8576.02px;letter-spacing:-3.5px;white-space:nowrap">7,772,946&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:9217.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:9830.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:9872.02px;letter-spacing:-3.5px;white-space:nowrap">2,443,597&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:10513.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4638.92px;left:0px;white-space:nowrap">Change
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4638.92px;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:4638.92px;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:4638.92px;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:4638.92px;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:4638.92px;left:2475.31px;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:4638.92px;left:3405.04px;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:4638.92px;left:3570.24px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4638.92px;left:5860.82px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4638.92px;left:5902.82px;letter-spacing:-3.18px;white-space:nowrap">40,684,400&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4638.92px;left:6625.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4638.92px;left:7075.62px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4638.92px;left:7117.62px;letter-spacing:-2.92px;white-space:nowrap">114,659,298&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4638.92px;left:7921.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4638.92px;left:8452.82px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4638.92px;left:8494.82px;letter-spacing:-3.18px;white-space:nowrap">10,667,518&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4638.92px;left:9217.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4638.92px;left:9830.02px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4638.92px;left:9872.02px;letter-spacing:-3.5px;white-space:nowrap">3,199,695&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4638.92px;left:10513.2px;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;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4824.76px;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:4824.76px;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:4824.76px;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:4824.76px;left:5860.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4824.76px;left:5902.82px;letter-spacing:-3.18px;white-space:nowrap">40,684,400&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4824.76px;left:6625.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4824.76px;left:7075.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4824.76px;left:7117.62px;letter-spacing:-2.92px;white-space:nowrap">114,659,298&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4824.76px;left:7921.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4824.76px;left:8452.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4824.76px;left:8494.82px;letter-spacing:-3.18px;white-space:nowrap">10,667,518&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4824.76px;left:9217.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4824.76px;left:9830.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4824.76px;left:9872.02px;letter-spacing:-3.5px;white-space:nowrap">3,199,695&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4824.76px;left:10513.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5085.6px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5085.6px;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:5085.6px;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:5085.6px;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:5085.6px;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:5085.6px;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:5085.6px;left:5860.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5085.6px;left:5902.82px;letter-spacing:-3.18px;white-space:nowrap">73,793,686&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5085.6px;left:6625.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5085.6px;left:7075.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5085.6px;left:7117.62px;letter-spacing:-2.92px;white-space:nowrap">208,232,465&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5085.6px;left:7921.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5085.6px;left:8452.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5085.6px;left:8494.82px;letter-spacing:-3.18px;white-space:nowrap">18,440,464&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5085.6px;left:9217.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5085.6px;left:9830.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5085.6px;left:9872.02px;letter-spacing:-3.5px;white-space:nowrap">5,643,292&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5085.6px;left:10513.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5363.44px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5363.44px;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:5363.44px;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:5363.44px;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:5363.44px;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:5363.44px;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:5363.44px;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:5363.44px;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:5363.44px;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:5363.44px;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:5363.44px;left:4267.42px;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:5363.44px;left:4600.76px;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:5363.44px;left:5515.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5363.44px;left:5860.82px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5363.44px;left:5902.82px;letter-spacing:-3.18px;white-space:nowrap">57,944,459&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5363.44px;left:6625.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5363.44px;left:6811.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5363.44px;left:7075.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5363.44px;left:7117.62px;letter-spacing:-2.92px;white-space:nowrap">164,685,558&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5363.44px;left:7921.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5363.44px;left:8107.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5363.44px;left:8452.82px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5363.44px;left:8494.82px;letter-spacing:-3.18px;white-space:nowrap">12,578,664&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5363.44px;left:9217.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5363.44px;left:9403.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5363.44px;left:9830.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5363.44px;left:9872.02px;letter-spacing:-3.5px;white-space:nowrap">3,896,623&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5363.44px;left:10513.2px;white-space:nowrap">)</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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">55</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11672 characters]);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:140px;font-weight:bold;position:absolute;top:40px;left:5886.37px;white-space:nowrap">NAN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:40px;left:9353.36px;letter-spacing:-0.56px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:225.84px;left:5061.45px;letter-spacing:-3.02px;white-space:nowrap">Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:225.84px;left:5393.11px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:393.84px;left:5263.6px;white-space:nowrap">2/28/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:225.84px;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:140px;font-weight:bold;position:absolute;top:225.84px;left:7121.11px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:393.84px;left:6991.6px;white-space:nowrap">2/28/22
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:225.84px;left:8517.45px;letter-spacing:-3.02px;white-space:nowrap">Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:225.84px;left:8849.11px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:393.84px;left:8719.6px;white-space:nowrap">2/28/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:225.84px;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:140px;font-weight:bold;position:absolute;top:225.84px;left:10577.11px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:393.84px;left:10447.6px;white-space:nowrap">2/28/22
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:584.68px;left:0px;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:770.52px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:770.52px;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:770.52px;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:770.52px;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:770.52px;left:4366.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:770.52px;left:5067.62px;letter-spacing:-3.18px;white-space:nowrap">15,849,227&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:770.52px;left:6094.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:770.52px;left:6795.62px;letter-spacing:-3.18px;white-space:nowrap">17,765,651&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:770.52px;left:7822.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:770.52px;left:8523.62px;letter-spacing:-3.18px;white-space:nowrap">43,546,907&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:770.52px;left:9550.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:770.52px;left:10251.62px;letter-spacing:-3.18px;white-space:nowrap">49,334,241&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;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:1037.81px;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:1037.81px;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:1037.81px;left:5025.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;left:5067.62px;letter-spacing:-3.18px;white-space:nowrap">33,109,286&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;left:5790px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;left:6834.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;left:6876.82px;letter-spacing:-3.5px;white-space:nowrap">1,752,725&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;left:7518px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;left:8481.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;left:8523.62px;letter-spacing:-3.18px;white-space:nowrap">93,573,167&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;left:9246px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;left:10290.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;left:10332.82px;letter-spacing:-3.5px;white-space:nowrap">1,491,203&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;left:10974px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;left:0px;white-space:nowrap">Change
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;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:1305.11px;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:1305.11px;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:1305.11px;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:1305.11px;left:2475.31px;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:1305.11px;left:5025.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;left:5067.62px;letter-spacing:-3.18px;white-space:nowrap">40,684,400&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;left:5790px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;left:6753.62px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;left:6795.62px;letter-spacing:-3.18px;white-space:nowrap">17,828,292&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;left:7518px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;left:8400.42px;letter-spacing:0px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;left:8442.42px;letter-spacing:-2.92px;white-space:nowrap">114,659,298&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;left:9246px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;left:10209.62px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;left:10251.62px;letter-spacing:-3.18px;white-space:nowrap">54,784,935&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;left:10974px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1565.95px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1565.95px;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:1565.95px;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:1565.95px;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:1565.95px;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:1565.95px;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:1565.95px;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:1565.95px;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:1565.95px;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:1565.95px;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:1733.95px;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:1733.95px;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:1733.95px;left:5025.62px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;left:5067.62px;letter-spacing:-3.18px;white-space:nowrap">57,944,459&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;left:5790px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;left:6834.82px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;left:6876.82px;letter-spacing:-3.5px;white-space:nowrap">1,815,366&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;left:7518px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;left:8400.42px;letter-spacing:0px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;left:8442.42px;letter-spacing:-2.92px;white-space:nowrap">164,685,558&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;left:9246px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;left:10290.82px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;left:10332.82px;letter-spacing:-3.5px;white-space:nowrap">6,941,897&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;left:10974px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2011.79px;left:0px;white-space:nowrap">Distributions
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2011.79px;left:912.36px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2011.79px;left:1087.92px;letter-spacing:-0.24px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2011.79px;left:1740.6px;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:2214.63px;left:0px;white-space:nowrap">Dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:5025.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:5067.62px;letter-spacing:-3.18px;white-space:nowrap">16,721,423&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:5790px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:6753.62px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:6795.62px;letter-spacing:-3.18px;white-space:nowrap">18,711,334&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:7518px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:8481.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:8523.62px;letter-spacing:-3.18px;white-space:nowrap">46,060,243&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:9246px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:10209.62px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:10251.62px;letter-spacing:-3.18px;white-space:nowrap">50,247,538&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:10974px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2475.47px;left:0px;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:2475.47px;left:635.17px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2475.47px;left:786.51px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2475.47px;left:1027.31px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2475.47px;left:1448px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2475.47px;left:2155.13px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2475.47px;left:2320.05px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2475.47px;left:2924.7px;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:2475.47px;left:3368.36px;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:2643.47px;left:144px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2643.47px;left:974.05px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2643.47px;left:1138.96px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2643.47px;left:1743.62px;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:2643.47px;left:5025.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2643.47px;left:5067.62px;letter-spacing:-3.18px;white-space:nowrap">16,721,423&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2643.47px;left:5790px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2643.47px;left:6753.62px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2643.47px;left:6795.62px;letter-spacing:-3.18px;white-space:nowrap">18,711,334&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2643.47px;left:7518px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2643.47px;left:8481.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2643.47px;left:8523.62px;letter-spacing:-3.18px;white-space:nowrap">46,060,243&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2643.47px;left:9246px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2643.47px;left:10209.62px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2643.47px;left:10251.62px;letter-spacing:-3.18px;white-space:nowrap">50,247,538&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2643.47px;left:10974px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2846.31px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2846.31px;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:2846.31px;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:2846.31px;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:2846.31px;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:2846.31px;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:2846.31px;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:2846.31px;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:2846.31px;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:2846.31px;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:2846.31px;left:5025.62px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2846.31px;left:5067.62px;letter-spacing:-3.18px;white-space:nowrap">74,665,882&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2846.31px;left:5790px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2846.31px;left:6753.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2846.31px;left:6795.62px;letter-spacing:-3.18px;white-space:nowrap">20,526,700&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2846.31px;left:7518px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2846.31px;left:8400.42px;letter-spacing:0px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2846.31px;left:8442.42px;letter-spacing:-2.92px;white-space:nowrap">210,745,801&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2846.31px;left:9246px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2846.31px;left:10209.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2846.31px;left:10251.62px;letter-spacing:-3.18px;white-space:nowrap">57,189,435&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2846.31px;left:10974px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3032.15px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3032.15px;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:3032.15px;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:3032.15px;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:3032.15px;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:3032.15px;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:3032.15px;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:3032.15px;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:3032.15px;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:3032.15px;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:3032.15px;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:3200.15px;left:144px;white-space:nowrap">period</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3200.15px;left:4986.42px;letter-spacing:-2.92px;white-space:nowrap">452,687,069&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3200.15px;left:6714.42px;letter-spacing:-2.92px;white-space:nowrap">473,213,769&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3200.15px;left:8324.82px;letter-spacing:-2.5px;white-space:nowrap">1,237,079,984&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3200.15px;left:10052.82px;letter-spacing:-2.5px;white-space:nowrap">1,294,269,419&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3460.99px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3460.99px;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:3460.99px;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:3460.99px;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:3460.99px;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:3460.99px;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:3460.99px;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:3460.99px;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:3460.99px;left:3001.28px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3460.99px;left:3286.88px;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:3460.99px;left:3452.07px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3460.99px;left:3693.15px;white-space:nowrap">period</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3460.99px;left:4366.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3460.99px;left:4986.42px;letter-spacing:-2.92px;white-space:nowrap">378,021,187&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3460.99px;left:6094.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3460.99px;left:6714.42px;letter-spacing:-2.92px;white-space:nowrap">452,687,069&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3460.99px;left:7822.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3460.99px;left:8324.82px;letter-spacing:-2.5px;white-space:nowrap">1,026,334,183&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3460.99px;left:9550.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3460.99px;left:10052.82px;letter-spacing:-2.5px;white-space:nowrap">1,237,079,984&#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">56</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11056 characters]);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:140px;font-weight:bold;position:absolute;top:40px;left:8743.45px;letter-spacing:-1.12px;white-space:nowrap">NNY</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:225.84px;left:7912.65px;letter-spacing:-3.02px;white-space:nowrap">Year
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:225.84px;left:8244.31px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:393.84px;left:8114.8px;white-space:nowrap">2/28/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:225.84px;left:9640.65px;letter-spacing:-3.02px;white-space:nowrap">Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:225.84px;left:9972.31px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:393.84px;left:9842.8px;white-space:nowrap">2/28/22
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:584.68px;left:0px;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:770.52px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:770.52px;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:770.52px;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:770.52px;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:770.52px;left:7217.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:770.52px;left:8000.02px;letter-spacing:-3.5px;white-space:nowrap">5,861,800&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:770.52px;left:8945.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:770.52px;left:9728.02px;letter-spacing:-3.5px;white-space:nowrap">4,791,561&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;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:1037.81px;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:1037.81px;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:1037.81px;left:7958.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;left:8000.02px;letter-spacing:-3.5px;white-space:nowrap">7,772,946&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;left:8641.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;left:9884.81px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;left:9926.81px;letter-spacing:-5px;white-space:nowrap">35,963&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1037.81px;left:10369.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;left:0px;white-space:nowrap">Change
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;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:1305.11px;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:1305.11px;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:1305.11px;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:1305.11px;left:2475.31px;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:1305.11px;left:7876.82px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;left:7918.82px;letter-spacing:-3.18px;white-space:nowrap">10,667,518&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;left:8641.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;left:9686.02px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;left:9728.02px;letter-spacing:-3.5px;white-space:nowrap">4,857,648&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1305.11px;left:10369.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1565.95px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1565.95px;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:1565.95px;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:1565.95px;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:1565.95px;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:1565.95px;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:1565.95px;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:1565.95px;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:1565.95px;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:1565.95px;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:1565.95px;left:4267.42px;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:1565.95px;left:4600.76px;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:1565.95px;left:7876.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1565.95px;left:7918.82px;letter-spacing:-3.18px;white-space:nowrap">12,578,664&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1565.95px;left:8641.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1565.95px;left:9803.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1565.95px;left:9845.61px;letter-spacing:-4.37px;white-space:nowrap">102,050&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1565.95px;left:10369.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1843.79px;left:0px;white-space:nowrap">Distributions
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1843.79px;left:912.36px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1843.79px;left:1087.92px;letter-spacing:-0.24px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1843.79px;left:1740.6px;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:2046.63px;left:0px;white-space:nowrap">Dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2046.63px;left:7958.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2046.63px;left:8000.02px;letter-spacing:-3.5px;white-space:nowrap">5,580,829&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2046.63px;left:8641.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2046.63px;left:9686.02px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2046.63px;left:9728.02px;letter-spacing:-3.5px;white-space:nowrap">5,232,998&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2046.63px;left:10369.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2307.47px;left:0px;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:2307.47px;left:635.17px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2307.47px;left:786.51px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2307.47px;left:1027.31px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2307.47px;left:1448px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2307.47px;left:2155.13px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2307.47px;left:2320.05px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2307.47px;left:2924.7px;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:2307.47px;left:3368.36px;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:2307.47px;left:3701.69px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2307.47px;left:4531.74px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2307.47px;left:4696.66px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2307.47px;left:5301.31px;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:2307.47px;left:7958.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2307.47px;left:8000.02px;letter-spacing:-3.5px;white-space:nowrap">5,580,829&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2307.47px;left:8641.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2307.47px;left:9686.02px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2307.47px;left:9728.02px;letter-spacing:-3.5px;white-space:nowrap">5,232,998&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2307.47px;left:10369.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2585.31px;left:0px;letter-spacing:-0.31px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2585.31px;left:515.62px;letter-spacing:-0.42px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2585.31px;left:931.97px;letter-spacing:-1.24px;white-space:nowrap">Transactions</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2805.15px;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:2805.15px;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:3065.99px;left:0px;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:3065.99px;left:359.66px;letter-spacing:-0.4px;white-space:nowrap">Reorganization</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3065.99px;left:8557.2px;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:3065.99px;left:9646.82px;letter-spacing:-3.18px;white-space:nowrap">37,121,360&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3326.83px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3326.83px;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:3326.83px;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:3326.83px;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:3326.83px;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:3326.83px;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:3326.83px;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:3326.83px;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:3326.83px;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:3326.83px;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:3326.83px;left:4267.42px;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:3326.83px;left:4600.76px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3326.83px;left:5058.84px;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:3326.83px;left:5440.33px;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:3326.83px;left:8557.2px;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:3326.83px;left:9646.82px;letter-spacing:-3.18px;white-space:nowrap">37,121,360&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3529.66px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3529.66px;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:3529.66px;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:3529.66px;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:3529.66px;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:3529.66px;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:3529.66px;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:3529.66px;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:3529.66px;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:3529.66px;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:3529.66px;left:7876.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3529.66px;left:7918.82px;letter-spacing:-3.18px;white-space:nowrap">18,159,493&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3529.66px;left:8641.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3529.66px;left:9646.82px;letter-spacing:-3.18px;white-space:nowrap">31,786,312&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3715.5px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3715.5px;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:3715.5px;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:3715.5px;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:3715.5px;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:3715.5px;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:3715.5px;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:3715.5px;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:3715.5px;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:3715.5px;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:3715.5px;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:3715.5px;left:4102.78px;white-space:nowrap">period</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3715.5px;left:7837.62px;letter-spacing:-2.92px;white-space:nowrap">185,908,656&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3715.5px;left:9565.62px;letter-spacing:-2.92px;white-space:nowrap">154,122,344&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3976.34px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3976.34px;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:3976.34px;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:3976.34px;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:3976.34px;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:3976.34px;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:3976.34px;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:3976.34px;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:3976.34px;left:3001.28px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3976.34px;left:3286.88px;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:3976.34px;left:3452.07px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3976.34px;left:3693.15px;white-space:nowrap">period</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3976.34px;left:7217.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3976.34px;left:7837.62px;letter-spacing:-2.92px;white-space:nowrap">167,749,163&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3976.34px;left:8945.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3976.34px;left:9565.62px;letter-spacing:-2.92px;white-space:nowrap">185,908,656&#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(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,[encoded data, 11184 characters]);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:140px;font-weight:bold;position:absolute;top:40px;left:7875.39px;white-space:nowrap">NXN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:393.84px;left:6184.65px;letter-spacing:-3.02px;white-space:nowrap">Year
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:393.84px;left:6516.31px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:561.84px;left:6386.8px;white-space:nowrap">2/28/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:393.84px;left:7202.16px;white-space:nowrap">Eleven
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:393.84px;left:7696.35px;white-space:nowrap">Months
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:393.84px;left:8244.31px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:561.84px;left:8114.8px;white-space:nowrap">2/28/22
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:393.84px;left:9640.65px;letter-spacing:-3.02px;white-space:nowrap">Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:393.84px;left:9972.31px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:561.84px;left:9842.8px;white-space:nowrap">3/31/21
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:752.68px;left:0px;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: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:5489.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:6272.02px;letter-spacing:-3.5px;white-space:nowrap">1,746,669&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:7217.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:8000.02px;letter-spacing:-3.5px;white-space:nowrap">1,481,156&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:8945.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:9728.02px;letter-spacing:-3.5px;white-space:nowrap">1,819,457&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1205.81px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1205.81px;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:1205.81px;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:1205.81px;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:1205.81px;left:6230.02px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1205.81px;left:6272.02px;letter-spacing:-3.5px;white-space:nowrap">2,443,597&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1205.81px;left:6913.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1205.81px;left:8075.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1205.81px;left:8117.61px;letter-spacing:-4.37px;white-space:nowrap">167,563&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1205.81px;left:8641.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1205.81px;left:9803.62px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1205.81px;left:9845.61px;letter-spacing:-4.37px;white-space:nowrap">132,901&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1205.81px;left:10369.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1473.11px;left:0px;white-space:nowrap">Change
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1473.11px;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:1473.11px;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:1473.11px;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:1473.11px;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:1473.11px;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:1473.11px;left:6230.02px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1473.11px;left:6272.02px;letter-spacing:-3.5px;white-space:nowrap">3,199,695&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1473.11px;left:6913.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1473.11px;left:7958.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1473.11px;left:8000.02px;letter-spacing:-3.5px;white-space:nowrap">1,602,549&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1473.11px;left:8641.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1473.11px;left:9728.02px;letter-spacing:-3.5px;white-space:nowrap">1,563,203&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;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:1733.95px;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:1733.95px;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:1733.95px;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:1733.95px;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:1733.95px;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:1733.95px;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:1733.95px;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:1733.95px;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:1733.95px;left:4267.42px;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:1733.95px;left:4600.76px;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:1733.95px;left:6230.02px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;left:6272.02px;letter-spacing:-3.5px;white-space:nowrap">3,896,623&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;left:6913.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;left:8075.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;left:8117.61px;letter-spacing:-4.37px;white-space:nowrap">288,956&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;left:8641.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1733.95px;left:9728.02px;letter-spacing:-3.5px;white-space:nowrap">3,249,759&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2011.79px;left:0px;white-space:nowrap">Distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2011.79px;left:912.36px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2011.79px;left:1087.92px;letter-spacing:-0.24px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2011.79px;left:1740.6px;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:2214.63px;left:0px;white-space:nowrap">Dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:6230.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:6272.02px;letter-spacing:-3.5px;white-space:nowrap">1,644,531&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:6913.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:7958.02px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:8000.02px;letter-spacing:-3.5px;white-space:nowrap">1,489,498&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:8641.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:9686.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:9728.02px;letter-spacing:-3.5px;white-space:nowrap">1,830,963&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2214.63px;left:10369.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2556.92px;left:0px;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:2556.92px;left:635.17px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2556.92px;left:786.51px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2556.92px;left:1027.31px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2556.92px;left:1448px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2556.92px;left:2155.13px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2556.92px;left:2320.05px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2556.92px;left:2924.7px;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:2556.92px;left:3368.36px;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:2556.92px;left:3701.69px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2556.92px;left:4531.74px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2556.92px;left:4696.66px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2724.92px;left:144px;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:2724.92px;left:6230.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2724.92px;left:6272.02px;letter-spacing:-3.5px;white-space:nowrap">1,644,531&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2724.92px;left:6913.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2724.92px;left:7958.02px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2724.92px;left:8000.02px;letter-spacing:-3.5px;white-space:nowrap">1,489,498&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2724.92px;left:8641.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2724.92px;left:9686.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2724.92px;left:9728.02px;letter-spacing:-3.5px;white-space:nowrap">1,830,963&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2724.92px;left:10369.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2927.76px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2927.76px;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:2927.76px;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:2927.76px;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:2927.76px;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:2927.76px;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:2927.76px;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:2927.76px;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:2927.76px;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:2927.76px;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:2927.76px;left:6230.02px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2927.76px;left:6272.02px;letter-spacing:-3.5px;white-space:nowrap">5,541,154&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2927.76px;left:6913.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2927.76px;left:7958.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2927.76px;left:8000.02px;letter-spacing:-3.5px;white-space:nowrap">1,778,454&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2927.76px;left:8641.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2927.76px;left:9728.02px;letter-spacing:-3.5px;white-space:nowrap">1,418,796&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3113.6px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3113.6px;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:3113.6px;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:3113.6px;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:3113.6px;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:3113.6px;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:3113.6px;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:3113.6px;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:3113.6px;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:3113.6px;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:3113.6px;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:3113.6px;left:4102.78px;white-space:nowrap">period</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3113.6px;left:6190.82px;letter-spacing:-3.18px;white-space:nowrap">54,532,986&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3113.6px;left:7918.82px;letter-spacing:-3.18px;white-space:nowrap">56,311,440&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3113.6px;left:9646.82px;letter-spacing:-3.18px;white-space:nowrap">54,892,644&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.44px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.44px;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:3374.44px;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:3374.44px;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:3374.44px;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:3374.44px;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:3374.44px;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:3374.44px;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:3374.44px;left:3001.28px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.44px;left:3286.88px;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:3374.44px;left:3452.07px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.44px;left:3693.15px;white-space:nowrap">period</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.44px;left:5489.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.44px;left:6190.82px;letter-spacing:-3.18px;white-space:nowrap">48,991,832&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.44px;left:7217.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.44px;left:7918.82px;letter-spacing:-3.18px;white-space:nowrap">54,532,986&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.44px;left:8945.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.44px;left:9646.82px;letter-spacing:-3.18px;white-space:nowrap">56,311,440&#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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:4598.44px;white-space:nowrap">Flows</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:489.45px;left:0px;white-space:nowrap">Year
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:489.45px;left:962.4px;white-space:nowrap">Ended
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:489.45px;left:2245.08px;white-space:nowrap">February
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:489.45px;left:4051.23px;white-space:nowrap">28,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;font-weight:bold;position:absolute;top:489.45px;left:4729.75px;white-space:nowrap">2023</div></div> </div>
<div style="height:14.26px;left:0px;position:absolute;top:0px;transform:translate(35.999px,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,[encoded data, 11128 characters]);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:160px;font-weight:bold;position:absolute;top:40px;left:9033.76px;white-space:nowrap">NAN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:40px;left:10282.88px;letter-spacing:-0.64px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:349.96px;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;font-weight:bold;position:absolute;top:349.96px;left:361.62px;white-space:nowrap">Flows
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:349.96px;left:795.47px;letter-spacing:-0.5px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:349.96px;left:1152.19px;letter-spacing:-0.36px;white-space:nowrap">Operating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:349.96px;left:1882.14px;white-space:nowrap">Activities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:8596.82px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:523.8px;left:8638.82px;letter-spacing:-3.18px;white-space:nowrap">57,944,459&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:523.8px;left:9361.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:523.8px;left: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:9739.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:523.8px;left:9781.62px;letter-spacing:-2.92px;white-space:nowrap">164,685,558&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:523.8px;left:10585.2px;white-space:nowrap">)</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;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1063.48px;left:8557.62px;letter-spacing:-2.92px;white-space:nowrap">467,800,344&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1063.48px;left:9361.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1063.48px;left:9622.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1063.48px;left:9664.02px;letter-spacing:-2.5px;white-space:nowrap">1,240,730,383&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1063.48px;left:10585.2px;white-space:nowrap">)</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">481,691,227&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1249.32px;left:9664.02px;letter-spacing:-2.5px;white-space:nowrap">1,332,414,805&#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:-2.38px;white-space:nowrap">Taxes
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1435.16px;left:385.28px;white-space:nowrap">paid</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1435.16px;left:8958.01px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1435.16px;left:9000.01px;letter-spacing:-5.83px;white-space:nowrap">2,011&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1435.16px;left:9361.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1435.16px;left:10299.61px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1435.16px;left:10341.61px;letter-spacing:-8.75px;white-space:nowrap">871&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1435.16px;left:10585.2px;white-space:nowrap">)</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">3,822,202&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1621px;left:9944.02px;letter-spacing:-3.5px;white-space:nowrap">5,809,682&#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">65,455&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1806.84px;left:10061.61px;letter-spacing:-4.37px;white-space:nowrap">649,358&#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:8837.61px;letter-spacing:-4.37px;white-space:nowrap">221,059&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2178.51px;left:10061.61px;letter-spacing:-4.37px;white-space:nowrap">399,982&#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:8638.82px;letter-spacing:-3.18px;white-space:nowrap">14,295,039&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2364.35px;left:9820.82px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2364.35px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">13,151,547&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2364.35px;left:10585.2px;white-space:nowrap">)</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;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2550.19px;left:8918.81px;letter-spacing:-5px;white-space:nowrap">14,342&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2550.19px;left:9361.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2550.19px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">42,515&#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:8837.61px;letter-spacing:-4.37px;white-space:nowrap">212,697&#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">342,124&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3107.71px;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:3107.71px;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:3107.71px;left:1030.41px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3107.71px;left:1828.26px;letter-spacing:-0.25px;white-space:nowrap">purchased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3107.71px;left:2539.17px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3107.71px;left:2618.97px;letter-spacing:-0.31px;white-space:nowrap">regular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3107.71px;left:3112.18px;letter-spacing:-0.17px;white-space:nowrap">settlement</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3107.71px;left:8596.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3107.71px;left:8638.82px;letter-spacing:-3.18px;white-space:nowrap">11,190,400&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3107.71px;left:9361.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3107.71px;left:9820.82px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3107.71px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">21,392,301&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3107.71px;left:10585.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3293.55px;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:3293.55px;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:3293.55px;left:1030.41px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3293.55px;left:1828.26px;letter-spacing:-0.25px;white-space:nowrap">purchased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3293.55px;left:2539.17px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3293.55px;left:2618.97px;white-space:nowrap">when-issued/delayed-delivery
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3293.55px;left:4576.28px;letter-spacing:-0.17px;white-space:nowrap">settlement</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3293.55px;left:8795.62px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3293.55px;left:8837.61px;letter-spacing:-4.37px;white-space:nowrap">125,000&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3293.55px;left:9361.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3293.55px;left:10019.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3293.55px;left:10061.61px;letter-spacing:-4.37px;white-space:nowrap">370,000&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3293.55px;left:10585.2px;white-space:nowrap">)</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">custodian
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3479.39px;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:3479.39px;left:8876.81px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3479.39px;left:8918.81px;letter-spacing:-5px;white-space:nowrap">37,559&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3479.39px;left:9361.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3479.39px;left:10100.81px;white-space:nowrap">(</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">94,650&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3479.39px;left:10585.2px;white-space:nowrap">)</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:861.99px;white-space:nowrap">investor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3665.23px;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:3665.23px;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:3665.23px;left:8958.01px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3665.23px;left:9000.01px;letter-spacing:-5.83px;white-space:nowrap">2,258&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3665.23px;left:9361.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3665.23px;left:10182.01px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3665.23px;left:10224.01px;letter-spacing:-5.83px;white-space:nowrap">6,549&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3665.23px;left:10585.2px;white-space:nowrap">)</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;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3851.07px;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:3851.07px;left:8876.81px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3851.07px;left:8918.81px;letter-spacing:-5px;white-space:nowrap">36,078&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3851.07px;left:9361.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3851.07px;left:10019.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3851.07px;left:10061.61px;letter-spacing:-4.37px;white-space:nowrap">106,313&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3851.07px;left:10585.2px;white-space:nowrap">)</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: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:4036.91px;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:4036.91px;left:8958.01px;white-space:nowrap">(
</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">9,785&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4036.91px;left:9361.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4036.91px;left:10100.81px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4036.91px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">44,292&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4036.91px;left:10585.2px;white-space:nowrap">)</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:-0.19px;white-space:nowrap">professional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4222.75px;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:4222.75px;left:9000.01px;letter-spacing:-5.83px;white-space:nowrap">3,285&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4222.75px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">14,048&#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;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:4408.59px;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:4408.59px;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:4408.59px;left:9117.61px;letter-spacing:-8.75px;white-space:nowrap">401&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4408.59px;left:10224.01px;letter-spacing:-5.83px;white-space:nowrap">1,151&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4594.43px;left:288px;white-space:nowrap">Accrued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4594.43px;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:4594.43px;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:4594.43px;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:4594.43px;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:4594.43px;left:9075.61px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4594.43px;left:9117.61px;letter-spacing:-8.75px;white-space:nowrap">172&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4594.43px;left:9361.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4594.43px;left:10341.61px;letter-spacing:-8.75px;white-space:nowrap">547&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4780.27px;left:288px;white-space:nowrap">Accrued
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4780.27px;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:4780.27px;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:4780.27px;left:8918.81px;letter-spacing:-5px;white-space:nowrap">16,009&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4780.27px;left:10100.81px;white-space:nowrap">(</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">14,907&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4780.27px;left:10585.2px;white-space:nowrap">)</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;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:4966.11px;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:4966.11px;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:4966.11px;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:4966.11px;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:4966.11px;left:8638.82px;letter-spacing:-3.18px;white-space:nowrap">33,109,286&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4966.11px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">93,573,167&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5151.95px;left:0px;white-space:nowrap">Change
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5151.95px;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:5151.95px;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:5151.95px;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:5151.95px;left:1635.18px;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:5151.95px;left:2559.31px;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:5151.95px;left:3405.04px;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:5151.95px;left:3570.24px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5151.95px;left:8638.82px;letter-spacing:-3.18px;white-space:nowrap">40,684,400&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5151.95px;left:9781.62px;letter-spacing:-2.92px;white-space:nowrap">114,659,298&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5354.79px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5354.79px;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:5354.79px;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:5354.79px;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:5354.79px;left:1401.52px;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:5354.79px;left:2062.31px;white-space:nowrap">activities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5354.79px;left:8638.82px;letter-spacing:-3.18px;white-space:nowrap">36,958,652&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5354.79px;left:9781.62px;letter-spacing:-2.92px;white-space:nowrap">107,309,306&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:5528.63px;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;font-weight:bold;position:absolute;top:5528.63px;left:361.62px;white-space:nowrap">Flows
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:5528.63px;left:795.47px;letter-spacing:-0.5px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:5528.63px;left:1152.19px;letter-spacing:-0.25px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:5528.63px;left:1846.16px;white-space:nowrap">Activities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5702.47px;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:5702.47px;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:5702.47px;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:5702.47px;left:8638.82px;letter-spacing:-3.18px;white-space:nowrap">20,086,627&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5702.47px;left:9781.62px;letter-spacing:-2.92px;white-space:nowrap">164,349,318&#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:-0.13px;white-space:nowrap">(Repayments)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5888.31px;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:5888.31px;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:5888.31px;left:8596.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5888.31px;left:8638.82px;letter-spacing:-3.18px;white-space:nowrap">21,086,627&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5888.31px;left:9361.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5888.31px;left:9739.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5888.31px;left:9781.62px;letter-spacing:-2.92px;white-space:nowrap">161,749,318&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5888.31px;left:10585.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6074.14px;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:6074.14px;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:6074.14px;left:957.73px;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:6074.14px;left:1476.98px;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:6074.14px;left:1758.52px;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:6074.14px;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:6074.14px;left:9944.02px;letter-spacing:-3.5px;white-space:nowrap">2,680,000&#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:-0.84px;white-space:nowrap">(Payments
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6259.98px;left:684.45px;white-space:nowrap">for)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6259.98px;left:936.16px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6259.98px;left:1354.2px;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:6259.98px;left:1814.65px;letter-spacing:-0.67px;white-space:nowrap">redeemed,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6259.98px;left:2552.02px;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:6259.98px;left:2704.76px;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:6259.98px;left:3424.08px;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:6259.98px;left:8596.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6259.98px;left:8638.82px;letter-spacing:-3.18px;white-space:nowrap">20,000,000&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6259.98px;left:9361.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6259.98px;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:6445.82px;left:0px;letter-spacing:-0.84px;white-space:nowrap">(Payments
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6445.82px;left:684.45px;white-space:nowrap">for)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6445.82px;left:936.16px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6445.82px;left:1329.42px;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:6445.82px;left:1789.87px;letter-spacing:-0.67px;white-space:nowrap">redeemed,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6445.82px;left:2527.24px;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:6445.82px;left:2679.98px;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:6445.82px;left:3399.3px;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:6445.82px;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:6445.82px;left:9820.82px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6445.82px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">80,000,000&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6445.82px;left:10585.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6631.66px;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:6631.66px;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:6631.66px;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:6631.66px;left:1437.36px;white-space:nowrap">cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6631.66px;left:1760.9px;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:6631.66px;left:8720.02px;letter-spacing:-3.5px;white-space:nowrap">1,073,276&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6631.66px;left:9944.02px;letter-spacing:-3.5px;white-space:nowrap">1,624,248&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6817.5px;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:6817.5px;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:6817.5px;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:6817.5px;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:6817.5px;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:6817.5px;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:6817.5px;left:8596.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6817.5px;left:8638.82px;letter-spacing:-3.18px;white-space:nowrap">17,031,928&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6817.5px;left:9361.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6817.5px;left:9820.82px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6817.5px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">47,169,108&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6817.5px;left:10585.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7078.34px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7078.34px;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:7078.34px;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:7078.34px;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:7078.34px;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:7078.34px;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:7078.34px;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:7078.34px;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:7078.34px;left:8596.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7078.34px;left:8638.82px;letter-spacing:-3.18px;white-space:nowrap">36,958,652&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7078.34px;left:9361.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7078.34px;left:9739.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7078.34px;left:9781.62px;letter-spacing:-2.92px;white-space:nowrap">120,264,860&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7078.34px;left:10585.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7281.18px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7281.18px;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:140px;font-weight:bold;position:absolute;top:7281.18px;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:140px;font-weight:bold;position:absolute;top:7281.18px;left:1638.82px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7281.18px;left:1801.5px;letter-spacing:-0.5px;white-space:nowrap">Cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7281.18px;left:2163.12px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7281.18px;left:2455.71px;letter-spacing:-0.5px;white-space:nowrap">Cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7281.18px;left:2817.33px;letter-spacing:-0.48px;white-space:nowrap">Collateral
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7281.18px;left:3507.52px;letter-spacing:-0.47px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7281.18px;left:3672.44px;letter-spacing:-0.72px;white-space:nowrap">Brokers</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7281.18px;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:7281.18px;left:9820.82px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7281.18px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">12,955,554&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7281.18px;left:10585.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7467.02px;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:7467.02px;left:351.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7467.02px;left:632.09px;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:7467.02px;left:983.91px;letter-spacing:-0.43px;white-space:nowrap">Collateral
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7467.02px;left:1630.7px;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:7467.02px;left:1783.44px;letter-spacing:-0.63px;white-space:nowrap">Brokers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7467.02px;left:2302.41px;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:7467.02px;left:2455.15px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7467.02px;left:2696.23px;white-space:nowrap">beginning
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7467.02px;left:3391.46px;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:7467.02px;left:3556.65px;white-space:nowrap">period</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7467.02px;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:7467.02px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">12,955,554&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7727.86px;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:7727.86px;left:351.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7727.86px;left:632.09px;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:7727.86px;left:983.91px;letter-spacing:-0.43px;white-space:nowrap">Collateral
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7727.86px;left:1630.7px;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:7727.86px;left:1783.44px;letter-spacing:-0.63px;white-space:nowrap">Brokers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7727.86px;left:2302.41px;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:7727.86px;left:2455.15px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7727.86px;left:2696.23px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7727.86px;left:2981.82px;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:7727.86px;left:3147.02px;white-space:nowrap">period</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7727.86px;left:8179.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7727.86px;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:7727.86px;left:9403.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7727.86px;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;font-weight:bold;position:absolute;top:8025.7px;left:0px;white-space:nowrap">Supplemental
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8025.7px;left:984.89px;letter-spacing:-0.23px;white-space:nowrap">Disclosure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8025.7px;left:1724.78px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8025.7px;left:1902.57px;letter-spacing:-0.5px;white-space:nowrap">Cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8025.7px;left:2264.19px;white-space:nowrap">Flow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8025.7px;left:2631.96px;letter-spacing:-0.13px;white-space:nowrap">Information</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8025.7px;left:9079.94px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8025.7px;left:10325.92px;letter-spacing:-0.56px;white-space:nowrap">NRK</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8248.54px;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:8248.54px;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:8248.54px;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:8248.54px;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:8292.54px;left:8179.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8292.54px;left:8747.61px;letter-spacing:-3.5px;white-space:nowrap">5,448,503&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8292.54px;left:9403.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8292.54px;left:9890.42px;letter-spacing:-3.18px;white-space:nowrap">12,574,380&#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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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,[encoded data, 22496 characters]);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><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: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:2978.53px;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:3662.4px;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:5834.58px;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:6110.33px;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:6892.36px;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:5758.98px;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:6318.41px;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:8877.44px;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:9436.88px;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:1571.71px;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:2310.04px;left:1644.31px;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:2478.04px;left:1843.99px;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:2622.04px;left:1915.39px;letter-spacing:-1.92px;white-space:nowrap">NAV</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2142.04px;left:2928.9px;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:2485.98px;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:2478.04px;left:2425.98px;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:2478.04px;left:2886.66px;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:2622.04px;left:2807.7px;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:2142.04px;left:3895.01px;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:3556.13px;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:2478.04px;left:3476.21px;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:2622.04px;left:3474.17px;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:2622.04px;left:3773.81px;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:2622.04px;left:4548.19px;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:2478.04px;left:5500.5px;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:2622.04px;left:5625.54px;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:2142.04px;left:6466.61px;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:2310.04px;left:5998.73px;letter-spacing:-0.11px;white-space:nowrap">Accumulated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:6021.77px;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:6262.73px;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:2622.04px;left:6436.49px;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:2622.04px;left:7446.52px;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:1974.04px;left:8181.51px;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:2142.04px;left:8505.14px;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:2310.04px;left:8365.23px;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:7938.03px;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:2622.04px;left:8018.55px;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:2622.04px;left:8269.35px;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:2478.04px;left:9246.98px;white-space:nowrap">Ending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2622.04px;left:9402.73px;letter-spacing:-1.92px;white-space:nowrap">NAV</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2310.04px;left:10213.09px;white-space:nowrap">Ending
</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:2622.04px;left:10340.64px;letter-spacing:-1.03px;white-space:nowrap">Price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2795.76px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;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:2984.6px;left:1731.36px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:1812.55px;white-space:nowrap">14.67</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:2778.66px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:2859.86px;white-space:nowrap">0.51</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:3660.78px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:3741.97px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:3783.97px;white-space:nowrap">2.39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:4063.97px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:4385.36px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:4466.56px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:4508.55px;white-space:nowrap">1.88
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:4788.55px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:5351.47px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:5432.66px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:5474.66px;white-space:nowrap">0.54
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:5754.66px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:6597.57px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:6678.76px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:7283.68px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:7364.88px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:7406.88px;white-space:nowrap">0.54
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:7686.87px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:8529.78px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:8610.98px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:9218.7px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:9299.9px;white-space:nowrap">12.25</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:10184.81px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:10266.01px;white-space:nowrap">10.60</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;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:3170.44px;left:1812.55px;white-space:nowrap">15.34</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:2859.86px;white-space:nowrap">0.58
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:3741.97px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:3783.97px;white-space:nowrap">0.64
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:4063.97px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:4466.56px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:4508.55px;white-space:nowrap">0.06</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:4788.55px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:5432.66px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:5474.66px;white-space:nowrap">0.61
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:5754.66px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:6678.76px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:7364.88px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:7406.88px;white-space:nowrap">0.61
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:7686.87px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:8610.98px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:9299.9px;white-space:nowrap">14.67</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:10266.01px;white-space:nowrap">13.21
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;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:3356.28px;left:1812.55px;white-space:nowrap">16.04
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:2859.86px;white-space:nowrap">0.65</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:3741.97px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:3783.97px;white-space:nowrap">0.73</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:4063.97px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:4466.56px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:4508.55px;white-space:nowrap">0.08
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:4788.55px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:5432.66px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:5474.66px;white-space:nowrap">0.62</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:5754.66px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:6678.76px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:7364.88px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:7406.88px;white-space:nowrap">0.62</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:7686.87px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:8610.98px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:9299.9px;white-space:nowrap">15.34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:10266.01px;white-space:nowrap">13.92</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;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:3542.12px;left:1812.55px;white-space:nowrap">14.69</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:2859.86px;white-space:nowrap">0.60
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:3825.97px;white-space:nowrap">1.33</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:4550.55px;white-space:nowrap">1.93
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:5432.66px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:5474.66px;white-space:nowrap">0.58
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:5754.66px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:6678.76px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:7364.88px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:7406.88px;white-space:nowrap">0.58
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:7686.87px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:8610.98px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:9299.9px;white-space:nowrap">16.04</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:10266.01px;white-space:nowrap">14.43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;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:3727.96px;left:1812.55px;white-space:nowrap">14.63
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:2859.86px;white-space:nowrap">0.61</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:3825.97px;white-space:nowrap">0.01
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:4550.55px;white-space:nowrap">0.62</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:5432.66px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:5474.66px;white-space:nowrap">0.58</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:5754.66px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:6678.76px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:7364.88px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:7406.88px;white-space:nowrap">0.58</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:7686.87px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:8414.99px;white-space:nowrap">0.02</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:9299.9px;white-space:nowrap">14.69
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:10266.01px;white-space:nowrap">12.87</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3916.79px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;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:4105.63px;left:1812.55px;white-space:nowrap">14.18
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:2859.86px;white-space:nowrap">0.50</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:3741.97px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:3783.97px;white-space:nowrap">2.38</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:4063.97px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:4466.56px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:4508.55px;white-space:nowrap">1.88
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:4788.55px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:5432.66px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:5474.66px;white-space:nowrap">0.53</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:5754.66px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:6678.76px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:7364.88px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:7406.88px;white-space:nowrap">0.53</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:7686.87px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:8610.98px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:9299.9px;white-space:nowrap">11.77
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:10266.01px;white-space:nowrap">10.29</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;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:4291.47px;left:1812.55px;white-space:nowrap">14.84</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:2859.86px;white-space:nowrap">0.57
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:3741.97px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:3783.97px;white-space:nowrap">0.65
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:4063.97px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:4466.56px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:4508.55px;white-space:nowrap">0.08</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:4788.55px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:5432.66px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:5474.66px;white-space:nowrap">0.58
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:5754.66px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:6678.76px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:7364.88px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:7406.88px;white-space:nowrap">0.58
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:7686.87px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:8610.98px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:9299.9px;white-space:nowrap">14.18</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:10266.01px;white-space:nowrap">12.69
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;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:4477.31px;left:1812.55px;white-space:nowrap">15.45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:2859.86px;white-space:nowrap">0.60</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:3741.97px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:3783.97px;white-space:nowrap">0.64</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:4063.97px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:4466.56px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:4508.55px;white-space:nowrap">0.04
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:4788.55px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:5432.66px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:5474.66px;white-space:nowrap">0.57</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:5754.66px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:6678.76px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:7364.88px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:7406.88px;white-space:nowrap">0.57</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:7686.87px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:8610.98px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:9299.9px;white-space:nowrap">14.84
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:10266.01px;white-space:nowrap">13.44</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;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:4663.15px;left:1812.55px;white-space:nowrap">14.12</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:2859.86px;white-space:nowrap">0.57
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:3825.97px;white-space:nowrap">1.30</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:4550.55px;white-space:nowrap">1.87
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:5432.66px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:5474.66px;white-space:nowrap">0.54
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:5754.66px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:6678.76px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:7364.88px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:7406.88px;white-space:nowrap">0.54
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:7686.87px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:8610.98px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:9299.9px;white-space:nowrap">15.45</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:10266.01px;white-space:nowrap">13.72
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;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:4848.99px;left:1812.55px;white-space:nowrap">14.01
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:2859.86px;white-space:nowrap">0.57</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:3825.97px;white-space:nowrap">0.07
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:4550.55px;white-space:nowrap">0.64</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:5432.66px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:5474.66px;white-space:nowrap">0.54</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:5754.66px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:6678.76px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:7364.88px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:7406.88px;white-space:nowrap">0.54</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:7686.87px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:8414.99px;white-space:nowrap">0.01</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:9299.9px;white-space:nowrap">14.12
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:10266.01px;white-space:nowrap">12.36</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5309.83px;left:0px;white-space:nowrap">(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5309.83px;left:288px;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:5309.83px;left:629.32px;letter-spacing:-0.24px;white-space:nowrap">Return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5309.83px;left:1084.03px;white-space:nowrap">Based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5309.83px;left:1514.24px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5309.83px;left:1716.12px;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:5309.83px;left:2349.9px;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:5309.83px;left:2748.19px;letter-spacing:-1.68px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5309.83px;left:3068.65px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5309.83px;left:3200.81px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5309.83px;left:3441.88px;letter-spacing:-0.12px;white-space:nowrap">combination
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5309.83px;left:4281.18px;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:5309.83px;left:4446.37px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5309.83px;left:5019.81px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5309.83px;left:5171.15px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5309.83px;left:5775.8px;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:5309.83px;left:6157.3px;letter-spacing:-4.03px;white-space:nowrap">NAV,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5309.83px;left:6500.71px;letter-spacing:-0.23px;white-space:nowrap">reinvested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5309.83px;left:7204.2px;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:5309.83px;left:7806.47px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5309.83px;left:8317.05px;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:5309.83px;left:8469.79px;letter-spacing:-1.68px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5309.83px;left:8790.25px;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:5309.83px;left:9070.52px;letter-spacing:-0.23px;white-space:nowrap">reinvested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5309.83px;left:9774.01px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5477.83px;left:288px;white-space:nowrap">gains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5477.83px;left:664.73px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5477.83px;left:1494.78px;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:5477.83px;left:1647.52px;letter-spacing:-4.03px;white-space:nowrap">NAV,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5477.83px;left:1990.93px;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:5477.83px;left:2105.59px;letter-spacing:-1.85px;white-space:nowrap">any.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5477.83px;left:2388.81px;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:5477.83px;left:2662.79px;white-space:nowrap">last
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5477.83px;left:2914.37px;white-space:nowrap">dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5477.83px;left:3516.64px;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:5477.83px;left:4118.07px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5477.83px;left:4269.41px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5477.83px;left:4510.49px;letter-spacing:-0.52px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5477.83px;left:5006.78px;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:5477.83px;left:5414.46px;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:5477.83px;left:5546.62px;letter-spacing:0px;white-space:nowrap">typically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5477.83px;left:6101.85px;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:5477.83px;left:6424.69px;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:5477.83px;left:6626.57px;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:5477.83px;left:6867.64px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">first
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5477.83px;left:7135.73px;letter-spacing:0px;white-space:nowrap">business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5477.83px;left:7724.14px;letter-spacing:0px;white-space:nowrap">day
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5477.83px;left:7991.4px;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:5477.83px;left:8156.6px;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:5477.83px;left:8397.67px;letter-spacing:0px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5477.83px;left:9024.87px;letter-spacing:-0.6px;white-space:nowrap">month,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5477.83px;left:9508.56px;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:5477.83px;left:9640.72px;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:5477.83px;left:10249.01px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:288px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:492.26px;letter-spacing:-0.23px;white-space:nowrap">reinvested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:1195.75px;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:5645.83px;left:1348.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:1589.56px;white-space:nowrap">ending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:2079.97px;letter-spacing:-4.03px;white-space:nowrap">NAV.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:2420.03px;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:5645.83px;left:2694.01px;white-space:nowrap">actual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:3109.53px;letter-spacing:-0.28px;white-space:nowrap">reinvest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:3643.76px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:4003.13px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:4215.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:4456.45px;white-space:nowrap">last
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:4708.02px;white-space:nowrap">dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:5310.29px;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:5645.83px;left:5911.73px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:6063.07px;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:5645.83px;left:6304.14px;letter-spacing:0px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:6768.24px;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:5645.83px;left:7069.94px;letter-spacing:-0.28px;white-space:nowrap">often
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:7435.89px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:7640.15px;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:5645.83px;left:8070.5px;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:5645.83px;left:8272.38px;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:5645.83px;left:8513.46px;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:5645.83px;left:8959.63px;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:5645.83px;left:9436.75px;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:5645.83px;left:9796.12px;white-space:nowrap">(and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:10118.4px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5645.83px;left:10364.65px;letter-spacing:0px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5813.83px;left:288px;letter-spacing:-1.4px;white-space:nowrap">NAV),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5813.83px;left:685.17px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5813.83px;left:965.45px;letter-spacing:-0.5px;white-space:nowrap">therefore
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5813.83px;left:1589.28px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5813.83px;left:1890.98px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5813.83px;left:2095.24px;letter-spacing:-0.5px;white-space:nowrap">different
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5813.83px;left:2668.25px;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:5813.83px;left:3001.59px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5813.83px;left:3242.67px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5813.83px;left:3602.04px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5813.83px;left:3949.8px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5813.83px;left:4101.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5813.83px;left:4342.21px;letter-spacing:-0.43px;white-space:nowrap">calculation.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5813.83px;left:5092.33px;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:5813.83px;left:5433.64px;letter-spacing:-0.31px;white-space:nowrap">returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5813.83px;left:5916.21px;letter-spacing:-0.63px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5813.83px;left:6153.93px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5813.83px;left:6400.19px;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:5981.83px;left:288px;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:5981.83px;left:629.32px;letter-spacing:-0.24px;white-space:nowrap">Return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5981.83px;left:1084.03px;white-space:nowrap">Based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5981.83px;left:1514.24px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5981.83px;left:1716.12px;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:5981.83px;left:2349.9px;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:5981.83px;left:2748.19px;letter-spacing:-1.12px;white-space:nowrap">Price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5981.83px;left:3093.15px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5981.83px;left:3225.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5981.83px;left:3466.38px;letter-spacing:-0.12px;white-space:nowrap">combination
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5981.83px;left:4305.67px;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:5981.83px;left:4470.87px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5981.83px;left:5044.3px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5981.83px;left:5195.64px;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:5981.83px;left:5436.72px;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:5981.83px;left:5913.83px;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:5981.83px;left:6273.21px;letter-spacing:0px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5981.83px;left:6527.58px;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:5981.83px;left:6909.08px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5981.83px;left:7189.36px;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:5981.83px;left:7430.43px;letter-spacing:-0.36px;white-space:nowrap">effect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5981.83px;left:7820.05px;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:5981.83px;left:7985.25px;letter-spacing:-0.23px;white-space:nowrap">reinvested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5981.83px;left:8688.73px;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:5981.83px;left:9291.01px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5981.83px;left:9801.58px;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:6149.83px;left:288px;letter-spacing:-0.23px;white-space:nowrap">reinvested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6149.83px;left:991.49px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6149.83px;left:1449.56px;white-space:nowrap">gains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6149.83px;left:1826.3px;letter-spacing:-0.28px;white-space:nowrap">distributions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6149.83px;left:2688.54px;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:6149.83px;left:2803.2px;letter-spacing:-1.85px;white-space:nowrap">any,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6149.83px;left:3089.78px;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:6149.83px;left:3242.52px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6149.83px;left:3483.59px;letter-spacing:-0.21px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6149.83px;left:4033.79px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6149.83px;left:4393.16px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6149.83px;left:4716px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6149.83px;left:4970.38px;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:6149.83px;left:5351.87px;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:6149.83px;left:5504.61px;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:6149.83px;left:5745.68px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6149.83px;left:6063.76px;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:6149.83px;left:6228.96px;letter-spacing:-0.48px;white-space:nowrap">reinvestment.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6149.83px;left:7121.44px;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:6149.83px;left:7395.42px;letter-spacing:0px;white-space:nowrap">last
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6149.83px;left:7647px;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:6149.83px;left:8249.27px;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:6149.83px;left:8850.71px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6149.83px;left:9002.05px;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:6149.83px;left:9243.12px;letter-spacing:-0.52px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6149.83px;left:9739.41px;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:6149.83px;left:10147.09px;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:6317.83px;left:288px;white-space:nowrap">typically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:843.23px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:1166.07px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:1367.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:1609.03px;text-rendering:optimizeLegibility;white-space:nowrap">first
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:1877.12px;white-space:nowrap">business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:2465.53px;white-space:nowrap">day
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:2732.79px;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:6317.83px;left:2897.98px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:3139.06px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:3766.25px;letter-spacing:-0.6px;white-space:nowrap">month,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:4249.94px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:4382.1px;white-space:nowrap">assumed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:4990.39px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:5155.31px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:5359.57px;letter-spacing:-0.23px;white-space:nowrap">reinvested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:6063.06px;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:6317.83px;left:6215.8px;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:6317.83px;left:6456.87px;letter-spacing:0px;white-space:nowrap">ending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:6947.29px;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:6317.83px;left:7424.4px;letter-spacing:-0.6px;white-space:nowrap">price.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:7812.62px;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:6317.83px;left:8086.6px;letter-spacing:0px;white-space:nowrap">actual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:8502.11px;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:6317.83px;left:9365.76px;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:6317.83px;left:9577.99px;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:6317.83px;left:9819.07px;letter-spacing:0px;white-space:nowrap">last
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6317.83px;left:10070.65px;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:6485.83px;left:288px;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:6485.83px;left:889.43px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:1040.77px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:1281.85px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:1745.94px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:2047.64px;letter-spacing:-0.5px;white-space:nowrap">take
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:2350.74px;white-space:nowrap">place
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:2734.76px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:3054.09px;letter-spacing:-0.21px;white-space:nowrap">several
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:3538.48px;letter-spacing:-0.7px;white-space:nowrap">days,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:3900.1px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:4180.37px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:4331.71px;white-space:nowrap">some
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:4718.11px;white-space:nowrap">instances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:5344.32px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:5646.02px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:5892.27px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:6096.53px;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:6485.83px;left:6526.88px;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:6485.83px;left:6728.76px;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:6485.83px;left:6969.84px;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:6485.83px;left:7446.95px;letter-spacing:-0.6px;white-space:nowrap">price,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:7838.53px;letter-spacing:0px;white-space:nowrap">so
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:8021.23px;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:6485.83px;left:8262.3px;letter-spacing:0px;white-space:nowrap">actual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6485.83px;left:8677.82px;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:6485.83px;left:9541.46px;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:6485.83px;left:9900.84px;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:6485.83px;left:10202.54px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6653.83px;left:288px;letter-spacing:-0.5px;white-space:nowrap">different
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6653.83px;left:861.01px;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:6653.83px;left:1194.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6653.83px;left:1435.43px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6653.83px;left:1794.8px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6653.83px;left:2142.56px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6653.83px;left:2293.9px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6653.83px;left:2534.97px;letter-spacing:-0.43px;white-space:nowrap">calculation.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6653.83px;left:3285.09px;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:6653.83px;left:3626.4px;letter-spacing:-0.31px;white-space:nowrap">returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6653.83px;left:4108.98px;letter-spacing:-0.63px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6653.83px;left:4346.69px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6653.83px;left:4592.95px;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: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,[encoded data, 22496 characters]);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 style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:5959.67px;left:15524.56px;letter-spacing:-0.44px;white-space:nowrap">Ratios
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:5959.67px;left:15976.61px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:5959.67px;left:16154.41px;letter-spacing:-0.28px;white-space:nowrap">Interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6127.67px;left:16095.89px;white-space:nowrap">Expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6295.67px;left:15649.01px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6295.67px;left:15822.05px;letter-spacing:-0.38px;white-space:nowrap">Average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6295.67px;left:16429.08px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6463.67px;left:15470.66px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6463.67px;left:15938.95px;white-space:nowrap">Applicable</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6631.67px;left:15396.17px;white-space:nowrap">to
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6631.67px;left:15571.73px;letter-spacing:-0.24px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6631.67px;left:16224.41px;letter-spacing:-0.42px;white-space:nowrap">Shares</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6817.51px;left:12355.2px;white-space:nowrap">NAN</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7003.35px;left:12355.2px;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:7003.35px;left:16278.59px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7003.35px;left:16359.79px;white-space:nowrap">.64
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7003.35px;left:16558.58px;white-space:nowrap">%</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7189.19px;left:12355.2px;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:7189.19px;left:16395.21px;white-space:nowrap">0</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7189.19px;left:16476.4px;white-space:nowrap">.53
</div></div><div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7375.03px;left:12355.2px;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:7375.03px;left:16395.21px;white-space:nowrap">0</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7375.03px;left:16476.4px;white-space:nowrap">.70
</div></div><div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7560.87px;left:12355.2px;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:7560.87px;left:16395.21px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7560.87px;left:16476.4px;white-space:nowrap">.33
</div></div><div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7746.71px;left:12355.2px;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:7746.71px;left:16395.21px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7746.71px;left:16476.4px;white-space:nowrap">.42
</div></div><div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7932.55px;left:12355.2px;letter-spacing:-0.56px;white-space:nowrap">NRK</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8118.39px;left:12355.2px;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:8118.39px;left:16395.21px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8118.39px;left:16476.4px;white-space:nowrap">.80
</div></div><div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8304.23px;left:12355.2px;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:8304.23px;left:16395.21px;white-space:nowrap">0</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8304.23px;left:16476.4px;white-space:nowrap">.55
</div></div><div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8490.07px;left:12355.2px;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:8490.07px;left:16395.21px;white-space:nowrap">0</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8490.07px;left:16476.4px;white-space:nowrap">.80
</div></div><div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8675.91px;left:12355.2px;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:8675.91px;left:16395.21px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8675.91px;left:16476.4px;white-space:nowrap">.37
</div></div><div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8861.75px;left:12355.2px;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:8861.75px;left:16395.21px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8861.75px;left:16476.4px;white-space:nowrap">.52
</div></div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:2622.04px;left:13391.74px;letter-spacing:-0.6px;white-space:nowrap">NAV(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2142.04px;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:2310.04px;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:2478.04px;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:2622.04px;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:2142.04px;left:16858.24px;white-space:nowrap">Ending
</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:16898.81px;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:2622.04px;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:2622.04px;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:2142.04px;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:2310.04px;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:2478.04px;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:2622.04px;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:2310.04px;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:2478.04px;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:2622.04px;left:22290.96px;letter-spacing:-0.38px;white-space:nowrap">Rate(c)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:13240.45px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:13282.44px;white-space:nowrap">12</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:13444.84px;letter-spacing:-8.75px;white-space:nowrap">.84&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:13643.64px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:13685.63px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:14975.5px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:15017.5px;white-space:nowrap">15
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:15179.89px;letter-spacing:-8.75px;white-space:nowrap">.82&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:15378.69px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:15420.69px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:16667.57px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:16748.77px;white-space:nowrap">378,021</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:18827.68px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:18908.88px;letter-spacing:-8.75px;white-space:nowrap">.73&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:19107.67px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:20562.73px;white-space:nowrap">4</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:20643.93px;letter-spacing:-8.75px;white-space:nowrap">.03&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:20842.73px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">73&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2984.6px;left:22577.78px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:13321.64px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:13363.64px;white-space:nowrap">0</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:13444.84px;letter-spacing:-8.75px;white-space:nowrap">.55&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:13643.64px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:15056.7px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:15098.7px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:15179.89px;letter-spacing:-8.75px;white-space:nowrap">.06&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:15378.69px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:16748.77px;white-space:nowrap">452,687
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:18827.68px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:18908.88px;letter-spacing:-8.75px;white-space:nowrap">.51&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:20562.73px;white-space:nowrap">3</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:20643.93px;letter-spacing:-8.75px;white-space:nowrap">.71&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3170.44px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">16&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:13321.64px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:13363.64px;white-space:nowrap">0</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:13444.84px;letter-spacing:-8.75px;white-space:nowrap">.40&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:13643.64px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:15098.7px;white-space:nowrap">0
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:15179.89px;letter-spacing:-8.75px;white-space:nowrap">.90&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:16748.77px;white-space:nowrap">473,214
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:18827.68px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:18908.88px;letter-spacing:-8.75px;white-space:nowrap">.70&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:20562.73px;white-space:nowrap">4</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;left:20643.93px;letter-spacing:-8.75px;white-space:nowrap">.29&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3356.28px;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:3542.12px;left:13282.44px;white-space:nowrap">13
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:13444.84px;letter-spacing:-8.75px;white-space:nowrap">.33&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:15017.5px;white-space:nowrap">16
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:15179.89px;letter-spacing:-8.75px;white-space:nowrap">.81&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:16748.77px;white-space:nowrap">494,883
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:18827.68px;white-space:nowrap">2</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:18908.88px;letter-spacing:-8.75px;white-space:nowrap">.34&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:20562.73px;white-space:nowrap">3</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;left:20643.93px;letter-spacing:-8.75px;white-space:nowrap">.90&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3542.12px;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:3727.96px;left:13363.64px;white-space:nowrap">4
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:13444.84px;letter-spacing:-8.75px;white-space:nowrap">.46&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:15098.7px;white-space:nowrap">3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:15179.89px;letter-spacing:-8.75px;white-space:nowrap">.49&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:16748.77px;white-space:nowrap">453,180
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:18827.68px;white-space:nowrap">2</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:18908.88px;letter-spacing:-8.75px;white-space:nowrap">.45&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:20562.73px;white-space:nowrap">4</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;left:20643.93px;letter-spacing:-8.75px;white-space:nowrap">.16&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3727.96px;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:4105.63px;left:13240.45px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:13282.44px;white-space:nowrap">13</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:13444.84px;letter-spacing:-8.75px;white-space:nowrap">.32&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:13643.64px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:14975.5px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:15017.5px;white-space:nowrap">14</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:15179.89px;letter-spacing:-8.75px;white-space:nowrap">.87&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:15378.69px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:16631.17px;white-space:nowrap">1,026,334
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:18827.68px;white-space:nowrap">2</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:18908.88px;letter-spacing:-8.75px;white-space:nowrap">.84&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:20562.73px;white-space:nowrap">4</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;left:20643.93px;letter-spacing:-8.75px;white-space:nowrap">.07&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4105.63px;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:4291.47px;left:13321.64px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:13363.64px;white-space:nowrap">0</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:13444.84px;letter-spacing:-8.75px;white-space:nowrap">.70&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:13643.64px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:15056.7px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:15098.7px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:15179.89px;letter-spacing:-8.75px;white-space:nowrap">.55&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:15378.69px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:16631.17px;white-space:nowrap">1,237,080
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:18827.68px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:18908.88px;letter-spacing:-8.75px;white-space:nowrap">.53&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:20562.73px;white-space:nowrap">3</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;left:20643.93px;letter-spacing:-8.75px;white-space:nowrap">.77&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4291.47px;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:4477.31px;left:13321.64px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:13363.64px;white-space:nowrap">0</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:13444.84px;letter-spacing:-8.75px;white-space:nowrap">.16&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:13643.64px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:15098.7px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:15179.89px;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:4477.31px;left:16631.17px;white-space:nowrap">1,294,269
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:18827.68px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:18908.88px;letter-spacing:-8.75px;white-space:nowrap">.80&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:20562.73px;white-space:nowrap">4</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:20643.93px;letter-spacing:-8.75px;white-space:nowrap">.10&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4477.31px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">22&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:13282.44px;white-space:nowrap">13
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:13444.84px;letter-spacing:-8.75px;white-space:nowrap">.47&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:15017.5px;white-space:nowrap">15
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:15179.89px;letter-spacing:-8.75px;white-space:nowrap">.57&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:16631.17px;white-space:nowrap">1,347,971
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:18827.68px;white-space:nowrap">2</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:18908.88px;letter-spacing:-8.75px;white-space:nowrap">.33&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:20562.73px;white-space:nowrap">3</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;left:20643.93px;letter-spacing:-8.75px;white-space:nowrap">.89&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4663.15px;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:4848.99px;left:13363.64px;white-space:nowrap">4
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:13444.84px;letter-spacing:-8.75px;white-space:nowrap">.75&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:15098.7px;white-space:nowrap">5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:15179.89px;letter-spacing:-8.75px;white-space:nowrap">.01&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:16631.17px;white-space:nowrap">1,231,771
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:18827.68px;white-space:nowrap">2</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:18908.88px;letter-spacing:-8.75px;white-space:nowrap">.51&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:20562.73px;white-space:nowrap">4</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:20643.93px;letter-spacing:-8.75px;white-space:nowrap">.08&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4848.99px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">21&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5229.83px;left:12067.2px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5229.83px;left:12355.2px;white-space:nowrap">&#8226;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5229.83px;left:12459.92px;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:5229.83px;left:12726.06px;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:5229.83px;left:13462.87px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5229.83px;left:13974.56px;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:5229.83px;left:14372.02px;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:5229.83px;left:14755.89px;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:5229.83px;left:15189.18px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5229.83px;left:15699.48px;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:5229.83px;left:16189.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5229.83px;left:16469.2px;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:5229.83px;left:17105.63px;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:5229.83px;left:17675.56px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5229.83px;left:17877.16px;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:5229.83px;left:18297.57px;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:5229.83px;left:19072.32px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5229.83px;left:19236.96px;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:5229.83px;left:19877.45px;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:5229.83px;left:20320.82px;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:5229.83px;left:20765.46px;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:5229.83px;left:20957.68px;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:5229.83px;left:21198.47px;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:5229.83px;left:21590.05px;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:5229.83px;left:22018.87px;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:5397.83px;left:12355.2px;white-space:nowrap">&#8226;
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5397.83px;left:12456.84px;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:5397.83px;left:12730.82px;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:5397.83px;left:13305.37px;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:5397.83px;left:13689.53px;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:5397.83px;left:14155.3px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5397.83px;left:14644.03px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5397.83px;left:15021.05px;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:5397.83px;left:15481.22px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5397.83px;left:15661.54px;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:5397.83px;left:16171.83px;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:5397.83px;left:16808.54px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5397.83px;left:17088.82px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5397.83px;left:17465.83px;white-space:nowrap">costs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5397.83px;left:17825.06px;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:5397.83px;left:18310.29px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5397.83px;left:18475.21px;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:5397.83px;left:19115.98px;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:5397.83px;left:19559.63px;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:5397.83px;left:19773.55px;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:5397.83px;left:20453.8px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5397.83px;left:20605.14px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5397.83px;left:21019.25px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5397.83px;left:21184.17px;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:5397.83px;left:21782.81px;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:5565.83px;left:12355.2px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5565.83px;left:12823.21px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5565.83px;left:13064.29px;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:5565.83px;left:13574.58px;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:5565.83px;left:14149.13px;white-space:nowrap">deemed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5565.83px;left:14726.35px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5565.83px;left:14891.26px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5565.83px;left:15231.04px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5565.83px;left:15596.71px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5565.83px;left:15919.55px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5565.83px;left:16112.05px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5565.83px;left:16353.13px;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:5565.83px;left:16712.78px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5565.83px;left:16914.66px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5565.83px;left:17155.74px;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:5565.83px;left:17674.99px;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:5565.83px;left:17956.53px;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:5565.83px;left:18675.84px;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:5565.83px;left:19120.75px;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:5565.83px;left:19313.25px;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:5565.83px;left:19554.32px;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:5565.83px;left:20035.5px;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:5565.83px;left:20607.81px;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:5565.83px;left:20987.62px;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:5565.83px;left:21199.85px;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:5565.83px;left:21440.93px;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:5733.83px;left:12355.2px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5733.83px;left:12847.57px;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:5733.83px;left:13354.64px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5733.83px;left:13675.8px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5733.83px;left:13868.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5733.83px;left:14109.37px;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:5733.83px;left:14469.03px;white-space:nowrap">(as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5733.83px;left:14682.95px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5733.83px;left:15363.2px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5733.83px;left:15514.54px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5733.83px;left:15928.65px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5733.83px;left:16093.56px;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:5733.83px;left:16692.2px;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:5733.83px;left:17513.29px;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:5733.83px;left:17942.38px;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:5733.83px;left:18681.72px;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:5733.83px;left:18853.63px;letter-spacing:0px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9102.59px;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:9102.59px;left:12355.2px;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:9102.59px;left:12919.25px;letter-spacing:-1.4px;white-space:nowrap">Turnover
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9102.59px;left:13518.86px;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:9102.59px;left:13833.86px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9102.59px;left:13966.02px;letter-spacing:-0.13px;white-space:nowrap">calculated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9102.59px;left:14654.67px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9102.59px;left:15085.03px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9102.59px;left:15286.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9102.59px;left:15527.98px;white-space:nowrap">lesser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9102.59px;left:15933.13px;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:9102.59px;left:16098.33px;white-space:nowrap">long-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9102.59px;left:16767.24px;letter-spacing:-0.25px;white-space:nowrap">purchases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9102.59px;left:17451.13px;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:9102.59px;left:17622.07px;letter-spacing:0px;white-space:nowrap">sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9102.59px;left:17971.5px;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:9102.59px;left:18185.42px;letter-spacing:0px;white-space:nowrap">disclosed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9102.59px;left:18828.99px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9102.59px;left:18980.33px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9102.59px;left:19394.44px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9102.59px;left:19559.36px;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:9102.59px;left:20158px;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:9102.59px;left:20946.88px;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:9102.59px;left:21467.82px;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:9102.59px;left:21660.31px;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:9102.59px;left:21901.39px;letter-spacing:-0.21px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9270.59px;left:12355.2px;white-space:nowrap">long-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9270.59px;left:13024.11px;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:9270.59px;left:13501.22px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9270.59px;left:13876px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9270.59px;left:14336.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9270.59px;left:14577.81px;letter-spacing:-0.6px;white-space:nowrap">period.</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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,[encoded data, 22644 characters]);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><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: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:3328.75px;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:4012.62px;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:6462.55px;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:6738.31px;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:7520.33px;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:6386.95px;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:6946.38px;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:9263.88px;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:9823.32px;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:1789.09px;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:2142.04px;left:1861.68px;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:2061.36px;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:2454.04px;left:2132.76px;letter-spacing:-1.92px;white-space:nowrap">NAV</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1974.04px;left:3242.88px;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:2142.04px;left:2799.97px;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:2310.04px;left:2739.97px;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:2310.04px;left:3200.64px;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:2454.04px;left:3121.69px;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:1974.04px;left:4305.6px;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:2142.04px;left:3966.73px;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:2310.04px;left:3886.81px;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:2454.04px;left:3884.77px;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:2454.04px;left:4184.41px;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:2454.04px;left:5031.24px;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:2310.04px;left:6080.16px;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:2454.04px;left:6205.2px;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:1974.04px;left:7142.88px;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:2142.04px;left:6675.01px;letter-spacing:-0.11px;white-space:nowrap">Accumulated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2310.04px;left:6698.05px;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:6939.01px;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:2454.04px;left:7112.76px;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:2454.04px;left:8219.4px;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:2310.04px;left:9150.37px;white-space:nowrap">Ending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2454.04px;left:9306.12px;letter-spacing:-1.92px;white-space:nowrap">NAV</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2142.04px;left:10213.09px;white-space:nowrap">Ending
</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:2454.04px;left:10340.64px;letter-spacing:-1.03px;white-space:nowrap">Price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2627.76px;left:0px;letter-spacing:-1.12px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;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:2816.6px;left:2029.93px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:2111.13px;white-space:nowrap">9.84</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:3092.65px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:3173.85px;white-space:nowrap">0.31</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:4071.37px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:4152.57px;white-space:nowrap">(0.97)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:4868.41px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:4949.61px;white-space:nowrap">(0.66)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:5931.13px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:6012.33px;white-space:nowrap">(0.30)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:7273.84px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:7355.04px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:8056.57px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:8137.77px;white-space:nowrap">(0.30)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:9203.29px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:9284.49px;white-space:nowrap">8.88</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:10266.01px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:10347.21px;white-space:nowrap">8.31</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3002.44px;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:3002.44px;left:2029.93px;white-space:nowrap">10.11</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3002.44px;left:3173.85px;white-space:nowrap">0.26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3002.44px;left:4152.57px;white-space:nowrap">(0.24)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3002.44px;left:5033.61px;white-space:nowrap">0.02
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3002.44px;left:6012.33px;white-space:nowrap">(0.29)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3002.44px;left:7355.04px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3002.44px;left:8137.77px;white-space:nowrap">(0.29)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3002.44px;left:9284.49px;white-space:nowrap">9.84
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3002.44px;left:10347.21px;white-space:nowrap">9.27</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3188.28px;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:3188.28px;left:2029.93px;white-space:nowrap">10.46</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3188.28px;left:3173.85px;white-space:nowrap">0.31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3188.28px;left:4152.57px;white-space:nowrap">(0.34)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3188.28px;left:4949.61px;white-space:nowrap">(0.03)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3188.28px;left:6012.33px;white-space:nowrap">(0.32)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3188.28px;left:7355.04px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3188.28px;left:8137.77px;white-space:nowrap">(0.32)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3188.28px;left:9203.29px;white-space:nowrap">10.11
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3188.28px;left:10347.21px;white-space:nowrap">9.63</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.12px;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:3374.12px;left:2111.13px;white-space:nowrap">9.87</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.12px;left:3173.85px;white-space:nowrap">0.35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.12px;left:4236.57px;white-space:nowrap">0.59</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.12px;left:5033.61px;white-space:nowrap">0.94
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.12px;left:6012.33px;white-space:nowrap">(0.35)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.12px;left:7355.04px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.12px;left:8137.77px;white-space:nowrap">(0.35)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.12px;left:9203.29px;white-space:nowrap">10.46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.12px;left:10266.01px;white-space:nowrap">10.36</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3559.96px;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:3559.96px;left:2111.13px;white-space:nowrap">9.81</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3559.96px;left:3173.85px;white-space:nowrap">0.36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3559.96px;left:4236.57px;white-space:nowrap">0.06</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3559.96px;left:5033.61px;white-space:nowrap">0.42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3559.96px;left:6012.33px;white-space:nowrap">(0.36)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3559.96px;left:7355.04px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3559.96px;left:8137.77px;white-space:nowrap">(0.36)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3559.96px;left:9284.49px;white-space:nowrap">9.87
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3559.96px;left:10347.21px;white-space:nowrap">9.67</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3748.79px;left:0px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3937.63px;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:3937.63px;left:2029.93px;white-space:nowrap">13.89
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3937.63px;left:3173.85px;white-space:nowrap">0.45</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3937.63px;left:4152.57px;white-space:nowrap">(1.44)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3937.63px;left:4949.61px;white-space:nowrap">(0.99)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3937.63px;left:6012.33px;white-space:nowrap">(0.42)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3937.63px;left:7355.04px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3937.63px;left:8137.77px;white-space:nowrap">(0.42)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3937.63px;left:9203.29px;white-space:nowrap">12.48</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3937.63px;left:10266.01px;white-space:nowrap">12.15
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4123.47px;left:0px;white-space:nowrap">2/28/22(d)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4123.47px;left:2029.93px;white-space:nowrap">14.35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4123.47px;left:3173.85px;white-space:nowrap">0.38</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4123.47px;left:4152.57px;white-space:nowrap">(0.46)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4123.47px;left:4949.61px;white-space:nowrap">(0.08)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4123.47px;left:6012.33px;white-space:nowrap">(0.38)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4123.47px;left:7355.04px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4123.47px;left:8137.77px;white-space:nowrap">(0.38)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4123.47px;left:9203.29px;white-space:nowrap">13.89</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4123.47px;left:10266.01px;white-space:nowrap">12.92
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4309.31px;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:4309.31px;left:2029.93px;white-space:nowrap">13.99
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4309.31px;left:3173.85px;white-space:nowrap">0.46</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4309.31px;left:4236.57px;white-space:nowrap">0.37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4309.31px;left:5033.61px;white-space:nowrap">0.83</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4309.31px;left:6012.33px;white-space:nowrap">(0.47)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4309.31px;left:7355.04px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4309.31px;left:8137.77px;white-space:nowrap">(0.47)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4309.31px;left:9203.29px;white-space:nowrap">14.35</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4309.31px;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:4495.15px;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:4495.15px;left:2029.93px;white-space:nowrap">14.08
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4495.15px;left:3173.85px;white-space:nowrap">0.49</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4495.15px;left:4152.57px;white-space:nowrap">(0.11)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4495.15px;left:5033.61px;white-space:nowrap">0.38</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4495.15px;left:6012.33px;white-space:nowrap">(0.47)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4495.15px;left:7355.04px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4495.15px;left:8137.77px;white-space:nowrap">(0.47)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4495.15px;left:9203.29px;white-space:nowrap">13.99</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4495.15px;left:10266.01px;white-space:nowrap">12.65
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4680.99px;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:4680.99px;left:2029.93px;white-space:nowrap">13.93
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4680.99px;left:3173.85px;white-space:nowrap">0.50</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4680.99px;left:4236.57px;white-space:nowrap">0.15
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4680.99px;left:5033.61px;white-space:nowrap">0.65</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4680.99px;left:6012.33px;white-space:nowrap">(0.50)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4680.99px;left:7355.04px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4680.99px;left:8137.77px;white-space:nowrap">(0.50)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4680.99px;left:9203.29px;white-space:nowrap">14.08</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4680.99px;left:10266.01px;white-space:nowrap">13.52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4866.83px;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:4866.83px;left:2029.93px;white-space:nowrap">14.04
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4866.83px;left:3173.85px;white-space:nowrap">0.52</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4866.83px;left:4152.57px;white-space:nowrap">(0.09)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4866.83px;left:5033.61px;white-space:nowrap">0.43</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4866.83px;left:6012.33px;white-space:nowrap">(0.54)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4866.83px;left:7355.04px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4866.83px;left:8137.77px;white-space:nowrap">(0.54)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4866.83px;left:9203.29px;white-space:nowrap">13.93</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4866.83px;left:10266.01px;white-space:nowrap">12.98
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5327.67px;left:0px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5327.67px;left:288px;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:5327.67px;left:629.32px;letter-spacing:-0.24px;white-space:nowrap">Return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5327.67px;left:1084.03px;white-space:nowrap">Based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5327.67px;left:1514.24px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5327.67px;left:1716.12px;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:5327.67px;left:2349.9px;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:5327.67px;left:2748.19px;letter-spacing:-1.68px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5327.67px;left:3068.65px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5327.67px;left:3200.81px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5327.67px;left:3441.88px;letter-spacing:-0.12px;white-space:nowrap">combination
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5327.67px;left:4281.18px;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:5327.67px;left:4446.37px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5327.67px;left:5019.81px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5327.67px;left:5171.15px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5327.67px;left:5775.8px;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:5327.67px;left:6157.3px;letter-spacing:-4.03px;white-space:nowrap">NAV,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5327.67px;left:6500.71px;letter-spacing:-0.23px;white-space:nowrap">reinvested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5327.67px;left:7204.2px;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:5327.67px;left:7806.47px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5327.67px;left:8317.05px;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:5327.67px;left:8469.79px;letter-spacing:-1.68px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5327.67px;left:8790.25px;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:5327.67px;left:9070.52px;letter-spacing:-0.23px;white-space:nowrap">reinvested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5327.67px;left:9774.01px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5495.67px;left:288px;white-space:nowrap">gains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5495.67px;left:664.73px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5495.67px;left:1494.78px;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:5495.67px;left:1647.52px;letter-spacing:-4.03px;white-space:nowrap">NAV,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5495.67px;left:1990.93px;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:5495.67px;left:2105.59px;letter-spacing:-1.85px;white-space:nowrap">any.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5495.67px;left:2388.81px;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:5495.67px;left:2662.79px;white-space:nowrap">last
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5495.67px;left:2914.37px;white-space:nowrap">dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5495.67px;left:3516.64px;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:5495.67px;left:4118.07px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5495.67px;left:4269.41px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5495.67px;left:4510.49px;letter-spacing:-0.52px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5495.67px;left:5006.78px;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:5495.67px;left:5414.46px;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:5495.67px;left:5546.62px;letter-spacing:0px;white-space:nowrap">typically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5495.67px;left:6101.85px;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:5495.67px;left:6424.69px;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:5495.67px;left:6626.57px;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:5495.67px;left:6867.64px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">first
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5495.67px;left:7135.73px;letter-spacing:0px;white-space:nowrap">business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5495.67px;left:7724.14px;letter-spacing:0px;white-space:nowrap">day
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5495.67px;left:7991.4px;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:5495.67px;left:8156.6px;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:5495.67px;left:8397.67px;letter-spacing:0px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5495.67px;left:9024.87px;letter-spacing:-0.6px;white-space:nowrap">month,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5495.67px;left:9508.56px;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:5495.67px;left:9640.72px;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:5495.67px;left:10249.01px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:288px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:492.26px;letter-spacing:-0.23px;white-space:nowrap">reinvested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:1195.75px;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:5663.67px;left:1348.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:1589.56px;white-space:nowrap">ending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:2079.97px;letter-spacing:-4.03px;white-space:nowrap">NAV.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:2420.03px;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:5663.67px;left:2694.01px;white-space:nowrap">actual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:3109.53px;letter-spacing:-0.28px;white-space:nowrap">reinvest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:3643.76px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:4003.13px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:4215.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:4456.45px;white-space:nowrap">last
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:4708.02px;white-space:nowrap">dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:5310.29px;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:5663.67px;left:5911.73px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:6063.07px;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:5663.67px;left:6304.14px;letter-spacing:0px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:6768.24px;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:5663.67px;left:7069.94px;letter-spacing:-0.28px;white-space:nowrap">often
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:7435.89px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:7640.15px;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:5663.67px;left:8070.5px;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:5663.67px;left:8272.38px;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:5663.67px;left:8513.46px;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:5663.67px;left:8959.63px;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:5663.67px;left:9436.75px;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:5663.67px;left:9796.12px;white-space:nowrap">(and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:10118.4px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5663.67px;left:10364.65px;letter-spacing:0px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5831.67px;left:288px;letter-spacing:-1.4px;white-space:nowrap">NAV),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5831.67px;left:685.17px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5831.67px;left:965.45px;letter-spacing:-0.5px;white-space:nowrap">therefore
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5831.67px;left:1589.28px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5831.67px;left:1890.98px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5831.67px;left:2095.24px;letter-spacing:-0.5px;white-space:nowrap">different
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5831.67px;left:2668.25px;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:5831.67px;left:3001.59px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5831.67px;left:3242.67px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5831.67px;left:3602.04px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5831.67px;left:3949.8px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5831.67px;left:4101.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5831.67px;left:4342.21px;letter-spacing:-0.43px;white-space:nowrap">calculation.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5831.67px;left:5092.33px;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:5831.67px;left:5433.64px;letter-spacing:-0.31px;white-space:nowrap">returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5831.67px;left:5916.21px;letter-spacing:-0.63px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5831.67px;left:6153.93px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5831.67px;left:6400.19px;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:5999.67px;left:288px;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:5999.67px;left:629.32px;letter-spacing:-0.24px;white-space:nowrap">Return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5999.67px;left:1084.03px;white-space:nowrap">Based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5999.67px;left:1514.24px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5999.67px;left:1716.12px;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:5999.67px;left:2349.9px;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:5999.67px;left:2748.19px;letter-spacing:-1.12px;white-space:nowrap">Price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5999.67px;left:3093.15px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5999.67px;left:3225.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5999.67px;left:3466.38px;letter-spacing:-0.12px;white-space:nowrap">combination
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5999.67px;left:4305.67px;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:5999.67px;left:4470.87px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5999.67px;left:5044.3px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5999.67px;left:5195.64px;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:5999.67px;left:5436.72px;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:5999.67px;left:5913.83px;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:5999.67px;left:6273.21px;letter-spacing:0px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5999.67px;left:6527.58px;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:5999.67px;left:6909.08px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5999.67px;left:7189.36px;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:5999.67px;left:7430.43px;letter-spacing:-0.36px;white-space:nowrap">effect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5999.67px;left:7820.05px;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:5999.67px;left:7985.25px;letter-spacing:-0.23px;white-space:nowrap">reinvested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5999.67px;left:8688.73px;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:5999.67px;left:9291.01px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5999.67px;left:9801.58px;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:6167.67px;left:288px;letter-spacing:-0.23px;white-space:nowrap">reinvested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6167.67px;left:991.49px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6167.67px;left:1449.56px;white-space:nowrap">gains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6167.67px;left:1826.3px;letter-spacing:-0.28px;white-space:nowrap">distributions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6167.67px;left:2688.54px;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:6167.67px;left:2803.2px;letter-spacing:-1.85px;white-space:nowrap">any,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6167.67px;left:3089.78px;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:6167.67px;left:3242.52px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6167.67px;left:3483.59px;letter-spacing:-0.21px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6167.67px;left:4033.79px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6167.67px;left:4393.16px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6167.67px;left:4716px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6167.67px;left:4970.38px;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:6167.67px;left:5351.87px;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:6167.67px;left:5504.61px;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:6167.67px;left:5745.68px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6167.67px;left:6063.76px;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:6167.67px;left:6228.96px;letter-spacing:-0.48px;white-space:nowrap">reinvestment.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6167.67px;left:7121.44px;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:6167.67px;left:7395.42px;letter-spacing:0px;white-space:nowrap">last
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6167.67px;left:7647px;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:6167.67px;left:8249.27px;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:6167.67px;left:8850.71px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6167.67px;left:9002.05px;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:6167.67px;left:9243.12px;letter-spacing:-0.52px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6167.67px;left:9739.41px;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:6167.67px;left:10147.09px;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:6335.67px;left:288px;white-space:nowrap">typically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:843.23px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:1166.07px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:1367.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:1609.03px;text-rendering:optimizeLegibility;white-space:nowrap">first
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:1877.12px;white-space:nowrap">business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:2465.53px;white-space:nowrap">day
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:2732.79px;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:6335.67px;left:2897.98px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:3139.06px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:3766.25px;letter-spacing:-0.6px;white-space:nowrap">month,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:4249.94px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:4382.1px;white-space:nowrap">assumed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:4990.39px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:5155.31px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:5359.57px;letter-spacing:-0.23px;white-space:nowrap">reinvested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:6063.06px;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:6335.67px;left:6215.8px;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:6335.67px;left:6456.87px;letter-spacing:0px;white-space:nowrap">ending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:6947.29px;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:6335.67px;left:7424.4px;letter-spacing:-0.6px;white-space:nowrap">price.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:7812.62px;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:6335.67px;left:8086.6px;letter-spacing:0px;white-space:nowrap">actual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:8502.11px;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:6335.67px;left:9365.76px;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:6335.67px;left:9577.99px;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:6335.67px;left:9819.07px;letter-spacing:0px;white-space:nowrap">last
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6335.67px;left:10070.65px;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:6503.67px;left:288px;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:6503.67px;left:889.43px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:1040.77px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:1281.85px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:1745.94px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:2047.64px;letter-spacing:-0.5px;white-space:nowrap">take
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:2350.74px;white-space:nowrap">place
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:2734.76px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:3054.09px;letter-spacing:-0.21px;white-space:nowrap">several
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:3538.48px;letter-spacing:-0.7px;white-space:nowrap">days,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:3900.1px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:4180.37px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:4331.71px;white-space:nowrap">some
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:4718.11px;white-space:nowrap">instances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:5344.32px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:5646.02px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:5892.27px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:6096.53px;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:6503.67px;left:6526.88px;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:6503.67px;left:6728.76px;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:6503.67px;left:6969.84px;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:6503.67px;left:7446.95px;letter-spacing:-0.6px;white-space:nowrap">price,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:7838.53px;letter-spacing:0px;white-space:nowrap">so
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:8021.23px;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:6503.67px;left:8262.3px;letter-spacing:0px;white-space:nowrap">actual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6503.67px;left:8677.82px;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:6503.67px;left:9541.46px;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:6503.67px;left:9900.84px;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:6503.67px;left:10202.54px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6671.67px;left:288px;letter-spacing:-0.5px;white-space:nowrap">different
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6671.67px;left:861.01px;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:6671.67px;left:1194.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6671.67px;left:1435.43px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6671.67px;left:1794.8px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6671.67px;left:2142.56px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6671.67px;left:2293.9px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6671.67px;left:2534.97px;letter-spacing:-0.43px;white-space:nowrap">calculation.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6671.67px;left:3285.09px;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:6671.67px;left:3626.4px;letter-spacing:-0.31px;white-space:nowrap">returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6671.67px;left:4108.98px;letter-spacing:-0.63px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6671.67px;left:4346.69px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6671.67px;left:4592.95px;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: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,[encoded data, 22644 characters]);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 style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:5977.51px;left:15524.56px;letter-spacing:-0.44px;white-space:nowrap">Ratios
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:5977.51px;left:15976.61px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:5977.51px;left:16154.41px;letter-spacing:-0.28px;white-space:nowrap">Interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6145.51px;left:16095.89px;white-space:nowrap">Expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6313.51px;left:15649.01px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6313.51px;left:15822.05px;letter-spacing:-0.38px;white-space:nowrap">Average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6313.51px;left:16429.08px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6481.51px;left:15470.66px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6481.51px;left:15938.95px;white-space:nowrap">Applicable</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6649.51px;left:15396.17px;white-space:nowrap">to
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6649.51px;left:15571.73px;letter-spacing:-0.24px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6649.51px;left:16224.41px;letter-spacing:-0.42px;white-space:nowrap">Shares</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6835.35px;left:12355.2px;letter-spacing:-1.12px;white-space:nowrap">NNY</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7021.19px;left:12355.2px;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:7021.19px;left:16342.57px;letter-spacing:1.12px;white-space:nowrap">&#8212;%(f)&#160;</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7207.03px;left:12355.2px;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:7207.03px;left:16459.19px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7207.03px;left:16543.19px;letter-spacing:2.24px;white-space:nowrap">(f)
</div></div><div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7392.87px;left:12355.2px;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:7392.87px;left:16459.19px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7392.87px;left:16543.19px;letter-spacing:2.24px;white-space:nowrap">(f)
</div></div><div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7578.71px;left:12355.2px;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:7578.71px;left:16395.21px;white-space:nowrap">0.02</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7764.55px;left:12355.2px;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:7764.55px;left:16395.21px;white-space:nowrap">0.02</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7950.39px;left:12355.2px;white-space:nowrap">NXN</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8136.23px;left:12355.2px;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:8136.23px;left:16459.19px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8136.23px;left:16543.19px;letter-spacing:2.24px;white-space:nowrap">(f)
</div></div><div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8322.07px;left:12355.2px;white-space:nowrap">2/28/22(d)</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8322.07px;left:16295.11px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8322.07px;left:16379.11px;letter-spacing:1.12px;white-space:nowrap">(e)(f)
</div></div><div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8507.91px;left:12355.2px;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:8507.91px;left:16459.19px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8507.91px;left:16543.19px;letter-spacing:2.24px;white-space:nowrap">(f)
</div></div><div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8693.75px;left:12355.2px;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:8693.75px;left:16395.21px;white-space:nowrap">0.02</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8879.59px;left:12355.2px;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:8879.59px;left:16395.21px;white-space:nowrap">0.02</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9065.42px;left:12355.2px;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:9065.42px;left:16395.21px;white-space:nowrap">0.02</div></div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:140px;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:2142.04px;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:2310.04px;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:2454.04px;left:13391.74px;letter-spacing:-0.6px;white-space:nowrap">NAV(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1974.04px;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:2142.04px;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:2310.04px;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:2454.04px;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:1974.04px;left:16858.24px;white-space:nowrap">Ending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2142.04px;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:2310.04px;left:16898.81px;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:2454.04px;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:2454.04px;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:1974.04px;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:2142.04px;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:2310.04px;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:2454.04px;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:2142.04px;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:2310.04px;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:2454.04px;left:22290.96px;letter-spacing:-0.38px;white-space:nowrap">Rate(c)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:13321.64px;letter-spacing:-5px;white-space:nowrap">(6.76&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:13685.63px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:15056.7px;letter-spacing:-5px;white-space:nowrap">(7.22&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:15420.69px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:16667.57px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:16748.77px;white-space:nowrap">167,749</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:18663.61px;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:2816.6px;left:18943.6px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:20398.66px;letter-spacing:-7px;white-space:nowrap">3.42&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;left:20678.65px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2816.6px;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:2816.6px;left:22577.78px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3002.44px;left:13363.64px;letter-spacing:-7px;white-space:nowrap">0.10&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3002.44px;left:15056.7px;letter-spacing:-5px;white-space:nowrap">(0.91&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3002.44px;left:16748.77px;white-space:nowrap">185,909
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3002.44px;left:18663.61px;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:3002.44px;left:20398.66px;letter-spacing:-7px;white-space:nowrap">2.55&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3002.44px;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:3188.28px;left:13321.64px;letter-spacing:-5px;white-space:nowrap">(0.17&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3188.28px;left:15056.7px;letter-spacing:-5px;white-space:nowrap">(3.94&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3188.28px;left:16748.77px;white-space:nowrap">154,122
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3188.28px;left:18663.61px;letter-spacing:-7px;white-space:nowrap">0.57&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3188.28px;left:20398.66px;letter-spacing:-7px;white-space:nowrap">3.08&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3188.28px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">24&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.12px;left:13363.64px;letter-spacing:-7px;white-space:nowrap">9.72&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.12px;left:15017.5px;letter-spacing:-5.83px;white-space:nowrap">10.93&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.12px;left:16748.77px;white-space:nowrap">159,252
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.12px;left:18663.61px;letter-spacing:-7px;white-space:nowrap">0.59&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.12px;left:20398.66px;letter-spacing:-7px;white-space:nowrap">3.45&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3374.12px;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:3559.96px;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:3559.96px;left:15098.7px;letter-spacing:-7px;white-space:nowrap">8.52&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3559.96px;left:16748.77px;white-space:nowrap">150,281
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3559.96px;left:18663.61px;letter-spacing:-7px;white-space:nowrap">0.59&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3559.96px;left:20398.66px;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:3559.96px;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:3937.63px;left:13321.64px;letter-spacing:-5px;white-space:nowrap">(7.14&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3937.63px;left:15056.7px;letter-spacing:-5px;white-space:nowrap">(2.57&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3937.63px;left:16829.97px;white-space:nowrap">48,992
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3937.63px;left:18663.61px;letter-spacing:-7px;white-space:nowrap">0.42&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3937.63px;left:20398.66px;letter-spacing:-7px;white-space:nowrap">3.49&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3937.63px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">62&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4123.47px;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:4123.47px;left:15056.7px;letter-spacing:-5px;white-space:nowrap">(8.43&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4123.47px;left:16829.97px;white-space:nowrap">54,533
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4123.47px;left:18663.61px;letter-spacing:-7px;white-space:nowrap">0.40&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4123.47px;left:18978.6px;white-space:nowrap">(e)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4123.47px;left:20398.66px;letter-spacing:-7px;white-space:nowrap">2.86&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4123.47px;left:20713.65px;white-space:nowrap">(e)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4123.47px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">16&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4309.31px;left:13363.64px;letter-spacing:-7px;white-space:nowrap">5.98&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4309.31px;left:15017.5px;letter-spacing:-5.83px;white-space:nowrap">18.66&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4309.31px;left:16829.97px;white-space:nowrap">56,311
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4309.31px;left:18663.61px;letter-spacing:-7px;white-space:nowrap">0.40&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4309.31px;left:20398.66px;letter-spacing:-7px;white-space:nowrap">3.25&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4309.31px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">14&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4495.15px;left:13363.64px;letter-spacing:-7px;white-space:nowrap">2.69&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4495.15px;left:15056.7px;letter-spacing:-5px;white-space:nowrap">(3.18&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4495.15px;left:16829.97px;white-space:nowrap">54,893
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4495.15px;left:18663.61px;letter-spacing:-7px;white-space:nowrap">0.43&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4495.15px;left:20398.66px;letter-spacing:-7px;white-space:nowrap">3.39&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4495.15px;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:4680.99px;left:13363.64px;letter-spacing:-7px;white-space:nowrap">4.80&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4680.99px;left:15098.7px;letter-spacing:-7px;white-space:nowrap">8.26&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4680.99px;left:16829.97px;white-space:nowrap">55,270
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4680.99px;left:18663.61px;letter-spacing:-7px;white-space:nowrap">0.42&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4680.99px;left:20398.66px;letter-spacing:-7px;white-space:nowrap">3.59&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4680.99px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">16&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4866.83px;left:13363.64px;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:4866.83px;left:15056.7px;letter-spacing:-5px;white-space:nowrap">(1.41&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4866.83px;left:16829.97px;white-space:nowrap">54,679
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4866.83px;left:18663.61px;letter-spacing:-7px;white-space:nowrap">0.43&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4866.83px;left:20398.66px;letter-spacing:-7px;white-space:nowrap">3.64&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4866.83px;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:5247.67px;left:12067.2px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5247.67px;left:12355.2px;white-space:nowrap">&#8226;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5247.67px;left:12459.92px;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:5247.67px;left:12726.06px;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:5247.67px;left:13462.87px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5247.67px;left:13974.56px;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:5247.67px;left:14372.02px;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:5247.67px;left:14755.89px;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:5247.67px;left:15189.18px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5247.67px;left:15699.48px;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:5247.67px;left:16189.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5247.67px;left:16469.2px;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:5247.67px;left:17105.63px;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:5247.67px;left:17675.56px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5247.67px;left:17877.16px;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:5247.67px;left:18297.57px;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:5247.67px;left:19072.32px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5247.67px;left:19236.96px;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:5247.67px;left:19877.45px;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:5247.67px;left:20320.82px;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:5247.67px;left:20765.46px;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:5247.67px;left:20957.68px;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:5247.67px;left:21198.47px;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:5247.67px;left:21590.05px;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:5247.67px;left:22018.87px;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:5415.67px;left:12355.2px;white-space:nowrap">&#8226;
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5415.67px;left:12456.84px;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:5415.67px;left:12730.82px;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:5415.67px;left:13305.37px;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:5415.67px;left:13689.53px;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:5415.67px;left:14155.3px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5415.67px;left:14644.03px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5415.67px;left:15021.05px;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:5415.67px;left:15481.22px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5415.67px;left:15661.54px;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:5415.67px;left:16171.83px;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:5415.67px;left:16808.54px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5415.67px;left:17088.82px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5415.67px;left:17465.83px;white-space:nowrap">costs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5415.67px;left:17825.06px;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:5415.67px;left:18310.29px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5415.67px;left:18475.21px;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:5415.67px;left:19115.98px;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:5415.67px;left:19559.63px;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:5415.67px;left:19773.55px;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:5415.67px;left:20453.8px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5415.67px;left:20605.14px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5415.67px;left:21019.25px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5415.67px;left:21184.17px;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:5415.67px;left:21782.81px;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:5583.67px;left:12355.2px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5583.67px;left:12823.21px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5583.67px;left:13064.29px;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:5583.67px;left:13574.58px;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:5583.67px;left:14149.13px;white-space:nowrap">deemed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5583.67px;left:14726.35px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5583.67px;left:14891.26px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5583.67px;left:15231.04px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5583.67px;left:15596.71px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5583.67px;left:15919.55px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5583.67px;left:16112.05px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5583.67px;left:16353.13px;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:5583.67px;left:16712.78px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5583.67px;left:16914.66px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5583.67px;left:17155.74px;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:5583.67px;left:17674.99px;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:5583.67px;left:17956.53px;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:5583.67px;left:18675.84px;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:5583.67px;left:19120.75px;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:5583.67px;left:19313.25px;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:5583.67px;left:19554.32px;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:5583.67px;left:20035.5px;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:5583.67px;left:20607.81px;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:5583.67px;left:20987.62px;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:5583.67px;left:21199.85px;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:5583.67px;left:21440.93px;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:5751.67px;left:12355.2px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5751.67px;left:12847.57px;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:5751.67px;left:13354.64px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5751.67px;left:13675.8px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5751.67px;left:13868.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5751.67px;left:14109.37px;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:5751.67px;left:14469.03px;white-space:nowrap">(as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5751.67px;left:14682.95px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5751.67px;left:15363.2px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5751.67px;left:15514.54px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5751.67px;left:15928.65px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5751.67px;left:16093.56px;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:5751.67px;left:16692.2px;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:5751.67px;left:17513.29px;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:5751.67px;left:17942.38px;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:5751.67px;left:18681.72px;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:5751.67px;left:18853.63px;letter-spacing:0px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9306.26px;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:9306.26px;left:12355.2px;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:9306.26px;left:12919.25px;letter-spacing:-1.4px;white-space:nowrap">Turnover
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9306.26px;left:13518.86px;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:9306.26px;left:13833.86px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9306.26px;left:13966.02px;letter-spacing:-0.13px;white-space:nowrap">calculated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9306.26px;left:14654.67px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9306.26px;left:15085.03px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9306.26px;left:15286.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9306.26px;left:15527.98px;white-space:nowrap">lesser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9306.26px;left:15933.13px;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:9306.26px;left:16098.33px;white-space:nowrap">long-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9306.26px;left:16767.24px;letter-spacing:-0.25px;white-space:nowrap">purchases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9306.26px;left:17451.13px;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:9306.26px;left:17622.07px;letter-spacing:0px;white-space:nowrap">sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9306.26px;left:17971.5px;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:9306.26px;left:18185.42px;letter-spacing:0px;white-space:nowrap">disclosed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9306.26px;left:18828.99px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9306.26px;left:18980.33px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9306.26px;left:19394.44px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9306.26px;left:19559.36px;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:9306.26px;left:20158px;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:9306.26px;left:20946.88px;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:9306.26px;left:21467.82px;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:9306.26px;left:21660.31px;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:9306.26px;left:21901.39px;letter-spacing:-0.21px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9474.26px;left:12355.2px;white-space:nowrap">long-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9474.26px;left:13024.11px;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:9474.26px;left:13501.22px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9474.26px;left:13876px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9474.26px;left:14336.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9474.26px;left:14577.81px;letter-spacing:-0.6px;white-space:nowrap">period.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9660.1px;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:9660.1px;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:9660.1px;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:9660.1px;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:9660.1px;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:9660.1px;left:13813px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9660.1px;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:9660.1px;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:9660.1px;left:15098.88px;letter-spacing:-0.84px;white-space:nowrap">2022.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9845.94px;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:9845.94px;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:10111.78px;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:10111.78px;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:10111.78px;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:10111.78px;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:10111.78px;left:13497.45px;letter-spacing:-1.68px;white-space:nowrap">zero.</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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,[encoded data, 11456 characters]);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:532.80px">

 <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:160px;font-weight:bold;position:absolute;top:1437px;left:2226.01px;white-space:nowrap">AMTP
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1437px;left:2730.8px;letter-spacing:-0.48px;white-space:nowrap">Shares</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1452.12px;left:4933.13px;white-space:nowrap">MFP
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1452.12px;left:5272.07px;letter-spacing:-0.42px;white-space:nowrap">Shares</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1452.12px;left:7483.98px;white-space:nowrap">VRDP
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1452.12px;left:7905.23px;letter-spacing:-0.42px;white-space:nowrap">Shares</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1805.96px;left:2151.87px;letter-spacing:-0.44px;white-space:nowrap">Aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1973.96px;left:2335.83px;white-space:nowrap">Amount</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2141.96px;left:2027.27px;white-space:nowrap">Outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2309.96px;left:2337.93px;white-space:nowrap">(000)(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1805.96px;left:3662.27px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1973.96px;left:3376.95px;letter-spacing:-0.49px;white-space:nowrap">Coverage</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2141.96px;left:3100.45px;letter-spacing:-1.75px;white-space:nowrap">Per
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2141.96px;left:3356.93px;white-space:nowrap">$100,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2309.96px;left:3459.27px;letter-spacing:-0.31px;white-space:nowrap">Share(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1757.96px;left:4743.87px;letter-spacing:-0.44px;white-space:nowrap">Aggregate</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1949.96px;left:4927.83px;white-space:nowrap">Amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2141.96px;left:4619.27px;white-space:nowrap">Outstanding</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2309.96px;left:4929.93px;white-space:nowrap">(000)(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1757.96px;left:6254.27px;white-space:nowrap">Asset</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1949.96px;left:5968.95px;letter-spacing:-0.49px;white-space:nowrap">Coverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2141.96px;left:5692.45px;letter-spacing:-1.75px;white-space:nowrap">Per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2141.96px;left:5948.93px;white-space:nowrap">$100</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2141.96px;left:6310.68px;white-space:nowrap">,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2309.96px;left:6016.27px;letter-spacing:-0.42px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2309.96px;left:6435.98px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1805.96px;left:7335.87px;letter-spacing:-0.44px;white-space:nowrap">Aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1973.96px;left:7519.83px;white-space:nowrap">Amount</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2141.96px;left:7211.27px;white-space:nowrap">Outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2309.96px;left:7521.93px;white-space:nowrap">(000)(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1805.96px;left:8846.27px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1973.96px;left:8560.95px;letter-spacing:-0.49px;white-space:nowrap">Coverage</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2141.96px;left:8284.45px;letter-spacing:-1.75px;white-space:nowrap">Per
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2141.96px;left:8540.93px;white-space:nowrap">$100,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2309.96px;left:8643.27px;letter-spacing:-0.31px;white-space:nowrap">Share(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1637.96px;left:10286.27px;white-space:nowrap">Asset</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1805.96px;left:10000.95px;letter-spacing:-0.49px;white-space:nowrap">Coverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1973.96px;left:10218.64px;letter-spacing:-1.75px;white-space:nowrap">Per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1973.96px;left:10475.12px;white-space:nowrap">$1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2141.96px;left:9883.35px;letter-spacing:-0.13px;white-space:nowrap">Liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2309.96px;left:9759.03px;letter-spacing:-0.85px;white-space:nowrap">Preference(c)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2495.8px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.64px;left:0px;white-space:nowrap">2/28/23</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.64px;left:2188.82px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.64px;left:2281.61px;white-space:nowrap">127,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.64px;left:3340.82px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.64px;left:3433.61px;white-space:nowrap">275,010</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.64px;left:5283.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.64px;left:5376px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.64px;left:6435.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.64px;left:6528px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.64px;left:7465.61px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.64px;left:7558.41px;white-space:nowrap">89,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.64px;left:8524.82px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.64px;left:8617.61px;white-space:nowrap">275,010</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.64px;left:10243.21px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.64px;left:10336.01px;white-space:nowrap">2.75</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2882.6px;left:0px;white-space:nowrap">2/28/22
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2882.6px;left:2281.61px;white-space:nowrap">147,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2882.6px;left:3433.61px;white-space:nowrap">291,007
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2882.6px;left:5376px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2882.6px;left:6528px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2882.6px;left:7558.41px;white-space:nowrap">89,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2882.6px;left:8617.61px;white-space:nowrap">291,007
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2882.6px;left:10336.01px;white-space:nowrap">2.91</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3083.56px;left:0px;white-space:nowrap">2/28/21
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3083.56px;left:2281.61px;white-space:nowrap">147,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3083.56px;left:3433.61px;white-space:nowrap">300,514
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3083.56px;left:5376px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3083.56px;left:6528px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3083.56px;left:7558.41px;white-space:nowrap">89,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3083.56px;left:8617.61px;white-space:nowrap">300,514
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3083.56px;left:10336.01px;white-space:nowrap">3.01</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3284.52px;left:0px;white-space:nowrap">2/29/20
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3284.52px;left:2281.61px;white-space:nowrap">147,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3284.52px;left:3433.61px;white-space:nowrap">309,696
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3284.52px;left:5376px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3284.52px;left:6528px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3284.52px;left:7558.41px;white-space:nowrap">89,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3284.52px;left:8617.61px;white-space:nowrap">309,696
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3284.52px;left:10336.01px;white-space:nowrap">3.10</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3485.48px;left:0px;white-space:nowrap">2/28/19
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3485.48px;left:2281.61px;white-space:nowrap">147,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3485.48px;left:3433.61px;white-space:nowrap">292,026
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3485.48px;left:5376px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3485.48px;left:6528px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3485.48px;left:7558.41px;white-space:nowrap">89,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3485.48px;left:8617.61px;white-space:nowrap">292,026
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3485.48px;left:10336.01px;white-space:nowrap">2.92</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3686.43px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3872.27px;left:0px;white-space:nowrap">2/28/23</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3872.27px;left:2784px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3872.27px;left:3936px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3872.27px;left:4966.41px;white-space:nowrap">80,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3872.27px;left:6025.61px;white-space:nowrap">254,012</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3872.27px;left:7465.61px;white-space:nowrap">583,800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3872.27px;left:8617.61px;white-space:nowrap">254,012</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3872.27px;left:10336.01px;white-space:nowrap">2.54
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4073.23px;left:0px;white-space:nowrap">2/28/22</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4073.23px;left:2784px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4073.23px;left:3936px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4073.23px;left:4966.41px;white-space:nowrap">80,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4073.23px;left:6025.61px;white-space:nowrap">266,319</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4073.23px;left:7465.61px;white-space:nowrap">663,800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4073.23px;left:8617.61px;white-space:nowrap">266,319</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4073.23px;left:10336.01px;white-space:nowrap">2.66
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4274.19px;left:0px;white-space:nowrap">2/28/21</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4274.19px;left:2784px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4274.19px;left:3936px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4274.19px;left:4966.41px;white-space:nowrap">80,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4274.19px;left:6025.61px;white-space:nowrap">274,008</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4274.19px;left:7465.61px;white-space:nowrap">663,800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4274.19px;left:8617.61px;white-space:nowrap">274,008</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4274.19px;left:10336.01px;white-space:nowrap">2.74
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4475.15px;left:0px;white-space:nowrap">2/29/20</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4475.15px;left:2784px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4475.15px;left:3936px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4475.15px;left:4966.41px;white-space:nowrap">80,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4475.15px;left:6025.61px;white-space:nowrap">281,228</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4475.15px;left:7465.61px;white-space:nowrap">663,800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4475.15px;left:8617.61px;white-space:nowrap">281,228</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4475.15px;left:10336.01px;white-space:nowrap">2.81
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4676.11px;left:0px;white-space:nowrap">2/28/19</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4676.11px;left:2784px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4676.11px;left:3936px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4676.11px;left:4966.41px;white-space:nowrap">80,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4676.11px;left:6025.61px;white-space:nowrap">265,605</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4676.11px;left:7465.61px;white-space:nowrap">663,800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4676.11px;left:8617.61px;white-space:nowrap">265,605</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4676.11px;left:10336.01px;white-space:nowrap">2.66
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.07px;left:0px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.07px;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:160px;position:absolute;top:4967.07px;left:1371.99px;white-space:nowrap">Amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.07px;left:1999.66px;white-space:nowrap">Outstanding:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.07px;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:160px;position:absolute;top:4967.07px;left:3828.28px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.07px;left:4429.39px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.07px;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:160px;position:absolute;top:4967.07px;left:6158.32px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.07px;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:160px;position:absolute;top:4967.07px;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:160px;position:absolute;top:4967.07px;left:8093.18px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.07px;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:160px;position:absolute;top:4967.07px;left:8478.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.07px;left:8753.97px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.07px;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:160px;position:absolute;top:4967.07px;left:9269.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4967.07px;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:160px;position:absolute;top:4967.07px;left:10169.95px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5159.07px;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:160px;position:absolute;top:5360.03px;left:0px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5360.03px;left:547.2px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5360.03px;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:160px;position:absolute;top:5360.03px;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:160px;position:absolute;top:5360.03px;left:2008.3px;white-space:nowrap">$100,000:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5360.03px;left:2784.6px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5360.03px;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:160px;position:absolute;top:5360.03px;left:3942.02px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5360.03px;left:4232.74px;white-space:nowrap">$100,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5360.03px;left:4963.92px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5360.03px;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:160px;position:absolute;top:5360.03px;left:5901.99px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5360.03px;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:160px;position:absolute;top:5360.03px;left:6984.54px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5360.03px;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:160px;position:absolute;top:5360.03px;left:7769.97px;white-space:nowrap">liabilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5360.03px;left:8451.24px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5360.03px;left:8771.56px;white-space:nowrap">indebtedness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5360.03px;left:9810.58px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5552.03px;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:160px;position:absolute;top:5552.03px;left:1480.95px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5552.03px;left:1700.94px;white-space:nowrap">senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5552.03px;left:2191.81px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5552.03px;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:160px;position:absolute;top:5552.03px;left:3299.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5552.03px;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:160px;position:absolute;top:5552.03px;left:4084.59px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5552.03px;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:160px;position:absolute;top:5552.03px;left:4967.13px;white-space:nowrap">dividing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5552.03px;left:5603.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5552.03px;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:160px;position:absolute;top:5552.03px;left:6319.91px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5552.03px;left:6539.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5552.03px;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:160px;position:absolute;top:5552.03px;left:7616.53px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5552.03px;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:160px;position:absolute;top:5552.03px;left:8406.44px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5552.03px;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:160px;position:absolute;top:5552.03px;left:9191.87px;white-space:nowrap">senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5552.03px;left:9682.74px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5744.03px;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:160px;position:absolute;top:5744.03px;left:1521.58px;white-space:nowrap">indebtedness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5744.03px;left:2560.61px;white-space:nowrap">then
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5744.03px;left:2929.08px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5744.03px;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:160px;position:absolute;top:5744.03px;left:4025.7px;white-space:nowrap">applicable,)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5744.03px;left:4923.45px;white-space:nowrap">plus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5744.03px;left:5269.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5744.03px;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:160px;position:absolute;top:5744.03px;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:160px;position:absolute;top:5744.03px;left:6534.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5744.03px;left:6810.31px;white-space:nowrap">involuntary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5744.03px;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:160px;position:absolute;top:5744.03px;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:160px;position:absolute;top:5744.03px;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:160px;position:absolute;top:5744.03px;left:9505.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5936.03px;left:547.2px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5936.03px;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:160px;position:absolute;top:5936.03px;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:160px;position:absolute;top:5936.03px;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:160px;position:absolute;top:5936.03px;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:160px;position:absolute;top:5936.03px;left:3716.92px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5936.03px;left:4037.23px;white-space:nowrap">multiplying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5936.03px;left:4896.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5936.03px;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:160px;position:absolute;top:5936.03px;left:5613.37px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5936.03px;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:160px;position:absolute;top:6136.99px;left:0px;white-space:nowrap">(c)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6136.99px;left:547.2px;white-space:nowrap">Includes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6136.99px;left:1199.51px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6136.99px;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:160px;position:absolute;top:6136.99px;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:160px;position:absolute;top:6136.99px;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:160px;position:absolute;top:6136.99px;left:3432.44px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6136.99px;left:3675px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6136.99px;left:3950.51px;letter-spacing:-1.92px;white-space:nowrap">Fund. </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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:4597.03px;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">65</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11644 characters]);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:160px;font-style:italic;position:absolute;top:370.44px;left:0px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:370.44px;left:409.12px;letter-spacing:0.26px;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:716.04px;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:716.04px;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:716.04px;left:749.91px;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:716.04px;left:1369.43px;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:716.04px;left:1541.27px;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:716.04px;left:1834.38px;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:716.04px;left:2316.93px;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:716.04px;left:2631.17px;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:716.04px;left:2998.21px;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:716.04px;left:4079.63px;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:716.04px;left:4453.07px;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:716.04px;left:4799.78px;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:716.04px;left:5235.46px;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:716.04px;left:5976.73px;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:716.04px;left:6670.64px;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:716.04px;left:7295.92px;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:716.04px;left:7562.63px;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:716.04px;left:7758.31px;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:716.04px;left:8300.38px;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:716.04px;left:8724.54px;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:716.04px;left:8852.06px;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:716.04px;left:9427.26px;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:716.04px;left:9741.49px;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:908.04px;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:908.04px;left:275.52px;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:1244.04px;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:1244.04px;left:1231.92px;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:1244.04px;left:1605.36px;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:1244.04px;left:1952.07px;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:1244.04px;left:2509.02px;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:1244.04px;left:3246.94px;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:1244.04px;left:3819.89px;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:1244.04px;left:4229.01px;white-space:nowrap">(NAN)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1580.04px;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:1580.04px;left:1231.92px;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:1580.04px;left:1605.36px;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:1580.04px;left:1952.07px;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:1580.04px;left:2690.31px;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:1580.04px;left:3247.26px;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:1580.04px;left:3985.17px;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:1580.04px;left:4558.13px;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:1580.04px;left:4967.24px;white-space:nowrap">(NRK)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1916.04px;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:1916.04px;left:1231.92px;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:1916.04px;left:1605.36px;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:1916.04px;left:1952.07px;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:1916.04px;left:2689.98px;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:1916.04px;left:3122.78px;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:1916.04px;left:3531.9px;white-space:nowrap">(NNY)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;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:2252.04px;left:1231.92px;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:2252.04px;left:1605.36px;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:2252.04px;left:1952.07px;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:2252.04px;left:2432.07px;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:2252.04px;left:3081.18px;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:2252.04px;left:3654.14px;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:2252.04px;left:4305.48px;white-space:nowrap">(NXN)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2588.04px;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:2588.04px;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:2588.04px;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:2588.04px;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:2588.04px;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:2588.04px;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:2588.04px;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:2588.04px;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:2588.04px;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:2588.04px;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:2588.04px;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:2588.04px;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:2588.04px;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:2588.04px;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:2588.04px;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:2588.04px;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:2588.04px;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:2588.04px;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:2588.04px;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:2588.04px;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:2780.04px;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:2780.04px;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:2780.04px;left:1733.58px;white-space:nowrap">NAN,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2780.04px;left:2181.26px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2780.04px;left:2545.9px;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:2780.04px;left:2860.13px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2780.04px;left:3254.37px;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:2780.04px;left:3642.53px;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:2780.04px;left:4395.16px;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:2780.04px;left:4590.84px;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:2780.04px;left:5666.67px;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:2780.04px;left:6318.66px;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:2780.04px;left:6747.78px;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:2780.04px;left:6976.09px;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:2780.04px;left:7770.33px;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:2780.04px;left:7948.25px;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:2780.04px;left:8393.05px;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:2780.04px;left:8774.96px;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:2780.04px;left:9041.84px;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:2780.04px;left:9442.16px;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:2780.04px;left:9756.4px;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:2780.04px;left:10242.63px;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:2972.04px;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:2972.04px;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:2972.04px;left:1363.35px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:1748.63px;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:2972.04px;left:2059.82px;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:2972.04px;left:2812.46px;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:2972.04px;left:3008.13px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:3135.65px;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:2972.04px;left:4211.48px;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:2972.04px;left:4863.48px;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:2972.04px;left:5224.43px;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:2972.04px;left:5452.75px;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:2972.04px;left:5834.66px;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:2972.04px;left:6101.54px;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:2972.04px;left:6501.86px;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:2972.04px;left:7307.93px;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:2972.04px;left:8060.56px;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:2972.04px;left:8256.24px;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:2972.04px;left:8383.76px;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:2972.04px;left:9175.11px;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:2972.04px;left:9536.06px;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:2972.04px;left:9764.38px;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:2972.04px;left:10090.46px;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:3164.04px;left:0px;white-space:nowrap">1987).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3490.44px;left:0px;white-space:nowrap">Change
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3490.44px;left:604.8px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3490.44px;left:776.64px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3490.44px;left:1215.19px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3490.44px;left:1529.43px;letter-spacing:-4.44px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3490.44px;left:1808.15px;letter-spacing:-2.94px;white-space:nowrap">Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3490.44px;left:2154.86px;white-space:nowrap">End
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3490.44px;left:2480.94px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3490.44px;left:2720.77px;white-space:nowrap">NXN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3836.04px;left:0px;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:3836.04px;left:654.87px;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:3836.04px;left:1330.38px;white-space:nowrap">24,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3836.04px;left:1597.26px;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:3836.04px;left:2042.06px;letter-spacing:-2.96px;white-space:nowrap">NXN&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3836.04px;left:2528.3px;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:3836.04px;left:2925.42px;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:3836.04px;left:3239.65px;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:3836.04px;left:3497.41px;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:3836.04px;left:3844.13px;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:3836.04px;left:4164.28px;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:3836.04px;left:4831.32px;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:3836.04px;left:5204.59px;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:3836.04px;left:5690.83px;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:3836.04px;left:5913.23px;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:3836.04px;left:6105.71px;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:3836.04px;left:6781.22px;white-space:nowrap">28/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3836.04px;left:7240.74px;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:3836.04px;left:7436.42px;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:3836.04px;left:8168.41px;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:3836.04px;left:8387.77px;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:3836.04px;left:8663.29px;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:3836.04px;left:9164.4px;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:3836.04px;left:9635.6px;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:3836.04px;left:9822.31px;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:4028.04px;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:4028.04px;left:317.12px;letter-spacing:-0.29px;white-space:nowrap">&#8220;Board&#8221;).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4028.04px;left:1040.47px;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:4028.04px;left:1262.87px;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:4028.04px;left:1390.39px;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:4028.04px;left:1867.18px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4028.04px;left:2261.42px;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:4028.04px;left:2546.06px;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:4028.04px;left:3245.25px;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:4028.04px;left:3461.73px;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:4028.04px;left:3977.57px;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:4028.04px;left:4460.12px;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:4028.04px;left:4699.95px;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:4028.04px;left:4975.47px;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:4028.04px;left:5490.82px;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:4028.04px;left:5872.73px;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:4028.04px;left:6050.65px;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:4028.04px;left:6450.97px;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:4028.04px;left:7058.33px;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:4028.04px;left:7733.84px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4028.04px;left:8000.72px;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:4028.04px;left:8401.04px;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:4028.04px;left:8718.16px;white-space:nowrap">&#8220;eleven
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4028.04px;left:9317.03px;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:4028.04px;left:9891.91px;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:4220.04px;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:4220.04px;left:675.51px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4220.04px;left:942.39px;white-space:nowrap">2022&#8221;).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:4546.44px;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-style:italic;position:absolute;top:4546.44px;left:580.47px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:4546.44px;left:1019.03px;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:4892.04px;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:4892.04px;left:314.24px;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:4892.04px;left:634.4px;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:4892.04px;left:821.11px;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:4892.04px;left:1096.63px;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:4892.04px;left:1804.3px;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:4892.04px;left:2319.65px;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:4892.04px;left:2559.48px;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:4892.04px;left:2835px;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:4892.04px;left:3312.28px;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:4892.04px;left:3463.32px;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:4892.04px;left:4138.83px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4892.04px;left:4405.71px;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:4892.04px;left:4850.51px;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:4892.04px;left:5164.75px;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:4892.04px;left:5440.27px;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:4892.04px;left:5955.62px;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:4892.04px;left:6575.13px;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:4892.04px;left:6794.49px;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:4892.04px;left:7227.13px;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:4892.04px;left:7701.2px;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:4892.04px;left:7893.68px;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:4892.04px;left:8563.43px;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:4892.04px;left:9410.62px;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:4892.04px;left:9561.66px;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:4892.04px;left:9837.18px;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:4892.04px;left:10234.29px;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:5084.04px;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:5084.04px;left:506.88px;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:5084.04px;left:1182.39px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5084.04px;left:1449.27px;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:5084.04px;left:1849.59px;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:5084.04px;left:2166.71px;letter-spacing:-0.32px;white-space:nowrap">&#8220;current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5084.04px;left:2794.7px;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:5084.04px;left:3191.81px;white-space:nowrap">period&#8221;).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:5410.44px;left:0px;white-space:nowrap">Investment
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:5410.44px;left:830.39px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:5410.44px;left:1408.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:5410.44px;left:1722.38px;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:5756.04px;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:5756.04px;left:314.24px;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:5756.04px;left:815.36px;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:5756.04px;left:1641.91px;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:5756.04px;left:2192.94px;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:5756.04px;left:2343.98px;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:5756.04px;left:2945.9px;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:5756.04px;left:3355.01px;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:5756.04px;left:4051.32px;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:5756.04px;left:4368.44px;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:5756.04px;left:4685.56px;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:5756.04px;left:5515.47px;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:5756.04px;left:5642.99px;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:5756.04px;left:6398.34px;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:5756.04px;left:6585.05px;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:5756.04px;left:7231.45px;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:5756.04px;left:7548.57px;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:5756.04px;left:8444.25px;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:5756.04px;left:9046.17px;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:5756.04px;left:9197.2px;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:5756.04px;left:9472.72px;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:5948.04px;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:5948.04px;left:989.91px;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:5948.04px;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:5948.04px;left:1496.46px;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:5948.04px;left:2163.34px;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:5948.04px;left:2887.33px;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:5948.04px;left:3201.57px;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:5948.04px;left:3791.32px;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:5948.04px;left:4650.67px;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:5948.04px;left:4837.39px;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:5948.04px;left:5468.58px;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:5948.04px;left:5994.33px;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:5948.04px;left:6308.57px;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:5948.04px;left:6886.32px;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:5948.04px;left:7170.96px;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:5948.04px;left:7689.35px;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:5948.04px;left:8672.53px;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:5948.04px;left:8912.37px;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:5948.04px;left:9902.28px;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:5948.04px;left:10088.99px;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:6140.04px;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:6140.04px;left:521.76px;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:6140.04px;left:1194.55px;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:6140.04px;left:1470.07px;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:6140.04px;left:2459.98px;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:6140.04px;left:2646.7px;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:6140.04px;left:2922.21px;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:6140.04px;left:3441.09px;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:6140.04px;left:4210.99px;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:6140.04px;left:4901.71px;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:6140.04px;left:5177.23px;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:6140.04px;left:5696.1px;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:6140.04px;left:6348.1px;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:6140.04px;left:6810.17px;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:6140.04px;left:7124.41px;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:6140.04px;left:7782.16px;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:6140.04px;left:8309.35px;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:6140.04px;left:8892.86px;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:6140.04px;left:9879.89px;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:6332.04px;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:6332.04px;left:423.51px;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:6332.04px;left:1465.9px;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:6332.04px;left:2114.85px;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:6332.04px;left:2473.57px;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:6332.04px;left:2603.8px;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:6332.04px;left:3371.64px;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:6332.04px;left:3777.55px;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:6332.04px;left:4512.26px;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:6332.04px;left:5262.01px;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:6332.04px;left:5576.25px;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:6332.04px;left:6154px;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:6332.04px;left:6438.64px;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:6332.04px;left:7040.08px;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:6332.04px;left:7359.91px;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:6332.04px;left:8302.14px;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:6332.04px;left:9191.09px;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:6332.04px;left:9531.56px;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:6332.04px;left:10133.48px;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:6524.04px;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:6524.04px;left:1040.47px;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:6524.04px;left:1357.59px;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:6524.04px;left:1674.71px;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:6524.04px;left:2833.58px;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:6524.04px;left:2961.1px;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:6524.04px;left:3716.45px;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:6524.04px;left:3903.16px;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:6524.04px;left:4178.68px;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:6524.04px;left:4786.19px;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:6524.04px;left:5248.43px;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:6524.04px;left:5701.86px;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:6524.04px;left:5977.38px;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:6524.04px;left:6884.09px;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:6524.04px;left:7574.8px;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:6524.04px;left:7850.32px;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:6524.04px;left:8676.87px;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:6524.04px;left:9402.29px;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:6524.04px;left:9589.01px;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:6524.04px;left:9864.53px;white-space:nowrap">Funds.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:6850.44px;left:0px;white-space:nowrap">Fund
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:6850.44px;left:409.12px;letter-spacing:-0.21px;white-space:nowrap">Reorganization</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;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:7196.04px;left:654.87px;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:7196.04px;left:1036.62px;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:7196.04px;left:1229.1px;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:7196.04px;left:1504.61px;white-space:nowrap">opening
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:2144.77px;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:7196.04px;left:2331.48px;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:7196.04px;left:2983.48px;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:7196.04px;left:3211.8px;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:7196.04px;left:3593.71px;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:7196.04px;left:3860.59px;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:7196.04px;left:4305.39px;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:7196.04px;left:4907.31px;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:7196.04px;left:5280.74px;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:7196.04px;left:5627.46px;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:7196.04px;left:6365.37px;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:7196.04px;left:6798.17px;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:7196.04px;left:7207.29px;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:7196.04px;left:7340.73px;white-space:nowrap">(NYV)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:7782.48px;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:7196.04px;left:8099.6px;letter-spacing:-2.58px;white-space:nowrap">&#8220;Target
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:8674.31px;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:7196.04px;left:9208.07px;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:7196.04px;left:9519.27px;letter-spacing:-0.48px;white-space:nowrap">reorganized
</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">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:319.83px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:705.11px;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:7388.04px;left:1022.23px;white-space:nowrap">&#8220;Acquiring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:1839.98px;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:7388.04px;left:2373.74px;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:7388.04px;left:2690.85px;letter-spacing:-0.16px;white-space:nowrap">&#8220;Reorganization&#8221;).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7724.04px;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:7724.04px;left:281.44px;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:7724.04px;left:1114.23px;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:7724.04px;left:1428.46px;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:7724.04px;left:2385.41px;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:7724.04px;left:3093.08px;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:7724.04px;left:3839.79px;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:7724.04px;left:4115.31px;white-space:nowrap">Acquiring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7724.04px;left:4850.02px;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:7724.04px;left:5259.14px;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:7724.04px;left:5410.17px;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:7724.04px;left:5685.69px;letter-spacing:-1.64px;white-space:nowrap">survivor.</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">Upon
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:435.83px;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:711.35px;white-space:nowrap">closing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:1259.5px;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:8060.04px;left:1446.22px;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:8060.04px;left:1721.74px;letter-spacing:-0.18px;white-space:nowrap">Reorganization,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:2874.36px;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:8060.04px;left:3149.88px;letter-spacing:-2.95px;white-space:nowrap">Target
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:3641.56px;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:8060.04px;left:4050.67px;letter-spacing:-0.24px;white-space:nowrap">transferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:4867.94px;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:8060.04px;left:5072.1px;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:8060.04px;left:5546.17px;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:8060.04px;left:5738.65px;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:8060.04px;left:6014.17px;white-space:nowrap">Acquiring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:6748.87px;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:8060.04px;left:7157.99px;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:8060.04px;left:7329.83px;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:8060.04px;left:8065.19px;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:8060.04px;left:8305.02px;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:8060.04px;left:8977.97px;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:8060.04px;left:9469.97px;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:8060.04px;left:9656.69px;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:8060.04px;left:9932.2px;white-space:nowrap">Acquiring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8252.04px;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:8252.04px;left:409.12px;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:8252.04px;left:723.36px;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:8252.04px;left:998.87px;white-space:nowrap">assumption
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8252.04px;left:1861.1px;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:8252.04px;left:2080.46px;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:8252.04px;left:2355.98px;white-space:nowrap">Acquiring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8252.04px;left:3090.69px;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:8252.04px;left:3499.81px;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:8252.04px;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:8252.04px;left:3962.04px;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:8252.04px;left:4627.95px;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:8252.04px;left:4814.66px;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:8252.04px;left:5090.18px;letter-spacing:-2.95px;white-space:nowrap">Target
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8252.04px;left:5581.86px;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:8252.04px;left:6103.61px;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:8252.04px;left:6417.85px;letter-spacing:-2.95px;white-space:nowrap">Target
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8252.04px;left:6909.53px;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:8252.04px;left:7318.65px;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:8252.04px;left:7629.84px;white-space:nowrap">then
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8252.04px;left:7994.32px;white-space:nowrap">liquidated,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8252.04px;left:8805.83px;white-space:nowrap">dissolved
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8252.04px;left:9519.9px;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:8252.04px;left:9834.14px;letter-spacing:0.26px;white-space:nowrap">terminated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8444.04px;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:8444.04px;left:171.84px;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:8444.04px;left:1034.55px;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:8444.04px;left:1375.02px;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:8444.04px;left:1742.06px;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:8444.04px;left:2604.13px;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:8444.04px;left:2790.84px;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:8444.04px;left:3220.28px;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:8444.04px;left:4195.15px;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:8444.04px;left:4381.86px;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:8444.04px;left:4657.38px;letter-spacing:-2.95px;white-space:nowrap">Target
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8444.04px;left:5149.06px;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:8444.04px;left:5558.17px;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:8444.04px;left:6174.81px;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:8444.04px;left:7128.88px;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:8444.04px;left:7315.6px;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:8444.04px;left:7591.11px;white-space:nowrap">Acquiring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8444.04px;left:8325.82px;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:8444.04px;left:8779.42px;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:8444.04px;left:9380.69px;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:8444.04px;left:9567.41px;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:8636.04px;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:8636.04px;left:492px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8636.04px;left:678.71px;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:8636.04px;left:954.23px;letter-spacing:-2.95px;white-space:nowrap">Target
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8636.04px;left:1445.91px;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:8636.04px;left:1855.02px;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:8636.04px;left:2507.02px;white-space:nowrap">newly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8636.04px;left:2960.45px;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:8636.04px;left:3455.33px;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:8636.04px;left:4128.28px;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:8636.04px;left:4620.28px;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:8636.04px;left:4806.99px;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:8636.04px;left:5082.51px;white-space:nowrap">Acquiring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8636.04px;left:5817.22px;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:8636.04px;left:6270.82px;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:8636.04px;left:6546.34px;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:8636.04px;left:7331.45px;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:8636.04px;left:7606.97px;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:8636.04px;left:8012.88px;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:8636.04px;left:8433.84px;letter-spacing:-1px;white-space:nowrap">(&#8220;NAV&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8636.04px;left:9051.6px;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:8636.04px;left:9238.31px;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:8636.04px;left:9691.75px;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:8636.04px;left:10002.94px;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:8828.04px;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:8828.04px;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:8828.04px;left:467.99px;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:8828.04px;left:1253.11px;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:8828.04px;left:1621.58px;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:8828.04px;left:1808.3px;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:8828.04px;left:2083.82px;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:8828.04px;left:2756.77px;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:8828.04px;left:3248.77px;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:8828.04px;left:3435.48px;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:8828.04px;left:3711px;letter-spacing:-2.95px;white-space:nowrap">Target
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8828.04px;left:4202.68px;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:8828.04px;left:4611.79px;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:8828.04px;left:4970.35px;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:8828.04px;left:5891.62px;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:8828.04px;left:6273.37px;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:8828.04px;left:6465.84px;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:8828.04px;left:6741.36px;letter-spacing:-0.19px;white-space:nowrap">Reorganization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8828.04px;left:7849.51px;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:8828.04px;left:8590.3px;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:8828.04px;left:8830.13px;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:8828.04px;left:9123.25px;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:8828.04px;left:9757.32px;white-space:nowrap">fractional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9020.04px;left:0px;white-space:nowrap">Acquiring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9020.04px;left:734.71px;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:9020.04px;left:1143.83px;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:9020.04px;left:1635.83px;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:9020.04px;left:1828.3px;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:9020.04px;left:2281.74px;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:9020.04px;left:3235.81px;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:9020.04px;left:3623.96px;white-space:nowrap">entitled).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9346.44px;left:0px;white-space:nowrap">Developments
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9346.44px;left:1084.63px;letter-spacing:-0.29px;white-space:nowrap">Regarding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9346.44px;left:1866.86px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9346.44px;left:2142.38px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9346.44px;left:2661.25px;letter-spacing:-0.36px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9346.44px;left:3238.85px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9346.44px;left:3683.48px;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:9692.04px;left:0px;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:9692.04px;left:266.88px;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:9692.04px;left:909.75px;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:9692.04px;left:1087.67px;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:9692.04px;left:1532.47px;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:9692.04px;left:1807.99px;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:9692.04px;left:2285.27px;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:9692.04px;left:2599.5px;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:9692.04px;left:3126.7px;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:9692.04px;left:3550.21px;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:9692.04px;left:4388.92px;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:9692.04px;left:4824.6px;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:9692.04px;left:4996.44px;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:9692.04px;left:5271.95px;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:9692.04px;left:5873.87px;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:9692.04px;left:6241.39px;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:9692.04px;left:6896.42px;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:9692.04px;left:7622.66px;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:9692.04px;left:7989.69px;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:9692.04px;left:8611.92px;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:9692.04px;left:9184.07px;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:9692.04px;left:9607.59px;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:9884.04px;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:9884.04px;left:275.52px;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:9884.04px;left:1001.75px;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:9884.04px;left:1579.5px;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:9884.04px;left:2240.3px;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:9884.04px;left:3001.73px;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:9884.04px;left:3668.28px;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:9884.04px;left:3860.75px;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:9884.04px;left:4358.67px;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:9884.04px;left:4530.51px;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:9884.04px;left:5247.78px;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:9884.04px;left:5375.3px;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:9884.04px;left:6261.21px;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:9884.04px;left:6605.05px;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:9884.04px;left:7173.84px;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:9884.04px;left:7905.83px;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:9884.04px;left:8685.02px;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:9884.04px;left:8871.74px;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:9884.04px;left:9544.69px;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:9884.04px;left:10036.68px;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:9884.04px;left:10208.52px;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:10076.04px;left:0px;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:10076.04px;left:577.59px;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:10076.04px;left:1022.23px;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:10076.04px;left:1860.62px;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:10076.04px;left:2097.89px;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:10076.04px;left:2690.69px;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:10076.04px;left:2862.53px;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:10076.04px;left:3138.04px;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:10076.04px;left:3757.4px;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:10076.04px;left:4118.83px;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:10076.04px;left:4501.39px;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:10076.04px;left:4776.91px;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:10076.04px;left:5197.86px;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:10076.04px;left:5692.58px;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:10076.04px;left:6136.57px;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:10076.04px;left:6332.25px;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:10076.04px;left:6755.76px;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:10076.04px;left:7428.71px;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:10076.04px;left:8382.78px;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:10076.04px;left:8726.62px;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:10076.04px;left:8919.09px;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:10076.04px;left:9194.61px;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:10076.04px;left:9689.32px;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:10268.04px;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:10268.04px;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:10268.04px;left:494.88px;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:10268.04px;left:918.39px;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:10268.04px;left:1883.82px;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:2837.89px;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:10268.04px;left:3155px;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:10268.04px;left:3815.63px;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:10268.04px;left:4260.27px;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:10268.04px;left:4983.62px;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:10268.04px;left:5250.5px;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:10268.04px;left:5846.34px;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:10268.04px;left:6113.22px;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:10268.04px;left:6558.02px;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:10268.04px;left:6685.54px;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:10268.04px;left:7571.45px;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:10268.04px;left:7758.16px;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:10268.04px;left:8285.36px;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:10268.04px;left:8887.28px;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:10268.04px;left:9725.99px;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:10460.04px;left:0px;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:10460.04px;left:355.52px;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:10460.04px;left:483.03px;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:10460.04px;left:796.95px;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:10460.04px;left:1549.42px;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:10460.04px;left:1721.25px;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:10460.04px;left:1996.77px;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:10460.04px;left:2328.93px;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:10460.04px;left:2873.4px;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:10460.04px;left:3320.59px;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:10460.04px;left:3560.42px;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:10460.04px;left:3835.94px;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:10460.04px;left:4529.21px;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:10460.04px;left:5073.68px;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:10460.04px;left:5260.4px;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:10460.04px;left:5633.84px;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:10460.04px;left:5980.55px;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:10460.04px;left:6297.67px;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:10460.04px;left:6925.17px;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:10460.04px;left:7497px;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:10460.04px;left:8053.96px;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:10460.04px;left:8581.15px;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:10460.04px;left:9183.07px;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:10460.04px;left:9618.75px;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:10460.04px;left:9932.98px;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:10652.04px;left:0px;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:10652.04px;left:651.51px;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:10652.04px;left:1244.31px;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:10652.04px;left:1371.83px;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:10652.04px;left:2213.09px;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:10652.04px;left:2535.81px;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:10652.04px;left:2903.49px;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:10652.04px;left:3380.76px;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:10652.04px;left:3958.35px;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:10652.04px;left:4402.99px;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:10652.04px;left:5025.38px;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:10652.04px;left:5543.77px;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:10652.04px;left:5819.29px;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:10652.04px;left:6219.61px;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:10652.04px;left:6548.57px;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:10652.04px;left:7274.48px;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:10652.04px;left:7461.19px;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:10652.04px;left:7828.87px;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:10652.04px;left:8288.39px;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:10652.04px;left:8865.98px;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:10652.04px;left:9310.62px;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:10652.04px;left:9933.01px;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:10652.04px;left:10247.25px;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:10844.04px;left:0px;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:10844.04px;left:826.55px;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:10844.04px;left:1567.18px;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:10844.04px;left:2124.13px;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:10844.04px;left:2491.81px;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:10844.04px;left:2927.49px;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:10844.04px;left:3591.16px;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:10844.04px;left:3866.68px;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:10844.04px;left:4444.27px;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:10844.04px;left:4888.91px;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:10844.04px;left:5555.78px;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:10844.04px;left:5822.66px;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:10844.04px;left:6498.17px;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:10844.04px;left:6765.05px;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:10844.04px;left:7209.85px;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:10844.04px;left:7485.37px;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:10844.04px;left:8029.84px;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:10844.04px;left:8477.03px;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:10844.04px;left:9084.22px;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:10844.04px;left:9818.93px;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:10844.04px;left:9990.77px;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:10844.04px;left:10390.76px;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:11036.04px;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:11036.04px;left:275.52px;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:11036.04px;left:944.79px;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:11036.04px;left:1362.54px;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:11036.04px;left:1602.37px;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:11036.04px;left:2328.28px;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:11036.04px;left:2515px;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:11036.04px;left:2882.68px;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:11036.04px;left:3359.95px;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:11036.04px;left:3937.54px;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:11036.04px;left:4382.18px;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:11036.04px;left:5004.58px;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:11036.04px;left:5318.81px;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:11036.04px;left:5594.33px;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:11036.04px;left:6263.6px;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:11036.04px;left:7107.74px;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:11036.04px;left:7842.46px;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:11036.04px;left:8304.69px;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:11036.04px;left:8618.93px;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:11036.04px;left:9285.64px;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:11036.04px;left:9608.36px;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:11036.04px;left:9976.04px;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:11228.04px;left:0px;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:11228.04px;left:577.59px;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:11228.04px;left:1022.23px;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:11228.04px;left:1644.62px;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:11228.04px;left:2163.01px;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:11228.04px;left:2737.89px;white-space:nowrap">18(i)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:3081.88px;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:11228.04px;left:3268.6px;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:11228.04px;left:3544.12px;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:11228.04px;left:3944.44px;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:11228.04px;left:4273.39px;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:11228.04px;left:5014.02px;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:5517.69px;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:11228.04px;left:5704.41px;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:11228.04px;left:5979.93px;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:11228.04px;left:6714.64px;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:11228.04px;left:6901.35px;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:11228.04px;left:7176.87px;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:11228.04px;left:7721.34px;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:11228.04px;left:8213.01px;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:11228.04px;left:8441.33px;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:11228.04px;left:9116.84px;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:11228.04px;left:9383.72px;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:11228.04px;left:9828.52px;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:11228.04px;left:10104.04px;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:11420.04px;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:11420.04px;left:186.72px;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:11420.04px;left:817.75px;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:11420.04px;left:1134.87px;letter-spacing:-0.32px;white-space:nowrap">&#8220;Board&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:1813.74px;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:11420.04px;left:2539.97px;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:11420.04px;left:2815.49px;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:11420.04px;left:3334.37px;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:11420.04px;left:3912.12px;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:11420.04px;left:4104.59px;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:11420.04px;left:4694.19px;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:11420.04px;left:5016.9px;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:11420.04px;left:5292.42px;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:11420.04px;left:5811.3px;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:11420.04px;left:6388.89px;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:11420.04px;left:6833.53px;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:11420.04px;left:7387.76px;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:11420.04px;left:7749.19px;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:11420.04px;left:7980.39px;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:11420.04px;left:8167.11px;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:11420.04px;left:8395.43px;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:11420.04px;left:8798.46px;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:11420.04px;left:9112.7px;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:11420.04px;left:9557.18px;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:11420.04px;left:9797.01px;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:11420.04px;left:10004.53px;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:11612.04px;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:11612.04px;left:195.68px;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:11612.04px;left:471.2px;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:11612.04px;left:1205.91px;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:11612.04px;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:11612.04px;left:1668.14px;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:11612.04px;left:2212.61px;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:11612.04px;left:2659.8px;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:11612.04px;left:2810.84px;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:11612.04px;left:3459.79px;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:11612.04px;left:3774.03px;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:11612.04px;left:4096.75px;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:11612.04px;left:4226.98px;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:11612.04px;left:4502.5px;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:11612.04px;left:5237.21px;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:11612.04px;left:5423.93px;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:11612.04px;left:5699.45px;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:11612.04px;left:6243.91px;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:11612.04px;left:6691.11px;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:11612.04px;left:6842.14px;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:11612.04px;left:7544.38px;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:11612.04px;left:8421.16px;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:11612.04px;left:9070.28px;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:11612.04px;left:9627.39px;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:11612.04px;left:9819.87px;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:11804.04px;left:0px;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:11804.04px;left:654.71px;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:11804.04px;left:930.23px;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:11804.04px;left:1449.11px;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:11804.04px;left:2026.7px;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:11804.04px;left:2471.34px;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:11804.04px;left:3025.57px;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:11804.04px;left:3300.76px;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:11804.04px;left:3531.96px;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:11804.04px;left:4521.38px;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:11804.04px;left:5276.57px;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:11804.04px;left:5590.81px;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:11804.04px;left:6029.37px;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:11804.04px;left:6221.84px;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:11804.04px;left:6515.44px;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:11804.04px;left:7247.43px;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:11804.04px;left:7733.35px;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:11804.04px;left:7920.06px;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:11804.04px;left:8593.02px;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:11804.04px;left:9085.01px;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:11804.04px;left:9751.73px;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:11804.04px;left:9923.56px;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:11804.04px;left:10051.08px;letter-spacing:-0.36px;white-space:nowrap">Control </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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4429.43px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11676 characters]);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;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:0px;left:444.64px;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:0px;left:1327.5px;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:0px;left:2103.66px;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:0px;left:2290.37px;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:0px;left:2912.45px;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:0px;left:3280.12px;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:0px;left:3857.71px;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:0px;left:4302.35px;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:0px;left:5140.74px;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:0px;left:5644.57px;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:0px;left:6157.21px;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:6349.68px;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:0px;left:6719.76px;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:0px;left:7087.43px;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:0px;left:8156.7px;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:8396.54px;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:0px;left:8672.05px;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:0px;left:9314.76px;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:0px;left:9501.48px;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:0px;left:9777px;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:0px;left:10102.91px;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:192px;left:0px;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:192px;left:415.04px;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:192px;left:1061.27px;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:192px;left:1247.99px;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:192px;left:1523.51px;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:192px;left:2199.18px;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:192px;left:2939.81px;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:192px;left:3855px;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:192px;left:4498.03px;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:192px;left:4690.51px;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:192px;left:5425.05px;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:192px;left:6112.24px;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:6387.76px;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:192px;left:7122.47px;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:192px;left:7309.19px;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:192px;left:7584.71px;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:192px;left:8129.17px;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:192px;left:8620.85px;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:8887.73px;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:192px;left:9563.24px;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:192px;left:9830.12px;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:192px;left:10274.92px;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:384px;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:384px;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:384px;left:785.43px;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:384px;left:1060.95px;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:384px;left:1538.23px;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:384px;left:2258.38px;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:384px;left:2533.9px;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:384px;left:3078.37px;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:384px;left:3617.56px;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:384px;left:4254.67px;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:384px;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:384px;left:4722.66px;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:384px;left:5054.82px;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:384px;left:5502.01px;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:384px;left:5688.73px;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:384px;left:6317.04px;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:384px;left:6556.88px;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:384px;left:6832.4px;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:384px;left:7413.51px;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:744.88px;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:744.88px;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:744.88px;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:744.88px;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:1128px;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:1128px;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:1128px;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:1128px;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:1128px;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:1128px;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:1128px;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:1128px;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:1128px;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:1128px;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:1128px;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:1128px;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:1128px;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:1128px;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:1128px;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:1128px;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:1128px;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:1128px;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:1128px;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:1320px;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:1320px;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:1320px;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:1320px;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:1320px;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:1320px;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:1320px;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:1320px;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:1320px;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:1320px;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:1320px;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:1320px;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:1320px;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:1320px;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:1320px;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:1320px;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:1320px;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:1320px;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:1320px;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:1320px;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:1320px;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:1320px;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:1512px;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:1512px;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:1512px;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:1512px;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:1512px;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:1512px;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:1512px;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:1512px;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:1512px;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:1512px;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:1512px;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:1512px;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:1512px;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:1512px;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:1512px;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:1512px;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:1512px;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:1512px;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:1512px;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:1512px;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:1704px;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:1704px;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:1704px;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:1704px;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:1704px;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:1704px;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:1704px;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:1704px;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:1704px;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:1704px;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:1704px;left:6422.65px;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:1704px;left:6698.17px;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:1704px;left:7104.09px;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:1704px;left:7525.04px;letter-spacing:-1px;white-space:nowrap">(&quot;NAV&quot;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1704px;left:8142.8px;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:1704px;left:8382.63px;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:1704px;left:9010.95px;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:1704px;left:9718.62px;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:1896px;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:1896px;left:340.96px;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:1896px;left:755.51px;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:1896px;left:1128.78px;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:1896px;left:1404.3px;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:1896px;left:1772.78px;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:1896px;left:2012.61px;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:1896px;left:2827.49px;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:1896px;left:3416.92px;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:1896px;left:4617.07px;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:1896px;left:5556.09px;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:1896px;left:5870.33px;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:1896px;left:6238.81px;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:1896px;left:6478.64px;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:1896px;left:7106.96px;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:1896px;left:7814.62px;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:1896px;left:8516.86px;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:1896px;left:9148.05px;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:1896px;left:9737.48px;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:2088px;left:0px;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:2088px;left:672.95px;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:2088px;left:1096.79px;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:2088px;left:1991.34px;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:2088px;left:2598.69px;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:2088px;left:2874.21px;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:2088px;left:3241.56px;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:2088px;left:3428.28px;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:2088px;left:3703.8px;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:2088px;left:4230.83px;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:2088px;left:4618.82px;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:2088px;left:5089.53px;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:2088px;left:5240.57px;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:2088px;left:6019.92px;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:2088px;left:6500.08px;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:2088px;left:6728.4px;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:2088px;left:7003.91px;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:2088px;left:7372.39px;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:2088px;left:7760.71px;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:2088px;left:8000.54px;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:2088px;left:8815.42px;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:2088px;left:9404.85px;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:2088px;left:9719.08px;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:2280px;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:2280px;left:423.84px;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:2280px;left:1362.86px;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:2280px;left:1677.1px;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:2280px;left:2376.13px;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:2280px;left:2527.17px;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:2280px;left:2654.69px;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:2280px;left:3342.2px;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:2280px;left:3528.91px;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:2280px;left:3804.43px;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:2280px;left:4568.74px;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:2280px;left:5401.53px;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:2280px;left:5988.08px;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:2280px;left:6867.91px;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:2280px;left:7528.54px;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:2280px;left:7747.89px;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:2280px;left:8023.41px;white-space:nowrap">Funds.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:2606.4px;left:0px;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: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">Funds&#160;pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2952px;left:1093.91px;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:2952px;left:1322.23px;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:2952px;left:2377.26px;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:2952px;left:2942.85px;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:2952px;left:3135.32px;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:2952px;left:3573.88px;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:2952px;left:3760.6px;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:3964.75px;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:2952px;left:4571.78px;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:4764.26px;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:2952px;left:4956.73px;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:2952px;left:5160.89px;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:2952px;left:5762.48px;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:2952px;left:5966.8px;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:2952px;left:6153.51px;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:2952px;left:6633.67px;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:2952px;left:7187.9px;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:2952px;left:8186.29px;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:2952px;left:8426.13px;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:2952px;left:8793.16px;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:2952px;left:9397.63px;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:2952px;left:9590.11px;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:2952px;left:9972.67px;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:3144px;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:3144px;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:3144px;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:3144px;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:3144px;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:3144px;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:3144px;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:3144px;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:3144px;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:3144px;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:3144px;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:3144px;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:3144px;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:3144px;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:3144px;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:3144px;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:3144px;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:3144px;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:3144px;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:3144px;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:3144px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3336px;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:3528px;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:3528px;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:3528px;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:3528px;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:3528px;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:3528px;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:3528px;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:3528px;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:3528px;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:3528px;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:3528px;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:3528px;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:3528px;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:3528px;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:3528px;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:3528px;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:3528px;left:7672.08px;white-space:nowrap">funds.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3854.4px;left:0px;white-space:nowrap">Custodian
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3854.4px;left:770.39px;white-space:nowrap">Fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3854.4px;left:1081.75px;letter-spacing:-0.48px;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:4200px;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:4200px;left:222.4px;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:4200px;left:438.88px;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:4200px;left:1232.46px;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:4200px;left:1424.94px;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:4200px;left:2153.57px;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:4200px;left:3092.76px;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:4200px;left:3475.31px;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:4200px;left:3884.43px;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:4200px;left:4169.07px;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:4200px;left:4385.55px;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:4200px;left:5345.38px;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:4200px;left:5685.85px;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:4200px;left:5890.01px;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:4200px;left:6624.88px;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:4200px;left:7060.72px;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:4200px;left:7472.39px;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:4200px;left:7940.23px;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:4200px;left:8334.62px;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:4200px;left:8648.86px;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:4200px;left:9033.82px;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:4200px;left:9798.77px;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:4392px;left:0px;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:4392px;left:978.07px;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:4392px;left:1630.06px;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:4392px;left:2157.26px;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:4392px;left:2892.13px;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:4392px;left:3230.04px;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:4392px;left:3544.28px;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:4392px;left:4255.8px;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:4392px;left:4522.52px;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:4392px;left:5156.75px;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:4392px;left:5376.11px;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:4392px;left:5651.63px;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:4392px;left:6169.86px;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:4392px;left:6718.02px;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:4392px;left:6946.33px;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:4392px;left:7328.89px;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:4392px;left:7830.01px;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:4392px;left:8191.77px;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:4392px;left:8420.09px;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:4392px;left:9003.6px;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:9344.07px;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:4392px;left:9619.59px;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:4392px;left:10055.42px;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:4584px;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:4584px;left:239.83px;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:4584px;left:601.59px;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:4584px;left:1271.51px;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:4584px;left:1612.46px;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:4584px;left:1843.66px;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:4584px;left:2285.1px;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:4584px;left:2504.45px;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:4584px;left:3103.17px;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:4584px;left:3343px;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:4584px;left:3636.6px;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:4584px;left:4007.16px;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:4584px;left:4235.48px;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:4584px;left:4688.91px;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:4584px;left:4816.43px;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:4584px;left:5225.55px;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:4584px;left:5998.82px;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:4584px;left:6202.97px;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:4584px;left:6810.65px;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:4584px;left:6991.28px;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:4584px;left:7266.8px;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:4584px;left:8081.67px;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:4584px;left:8395.91px;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:4584px;left:8985.66px;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:4584px;left:9172.38px;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:4584px;left:9907.25px;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:4584px;left:10177.01px;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:4776px;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:4776px;left:548.15px;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:4776px;left:767.51px;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:4776px;left:895.03px;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:4776px;left:1304.15px;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:4776px;left:1455.19px;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:4776px;left:2290.86px;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:4776px;left:2519.18px;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:4776px;left:2794.69px;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:4776px;left:3573.73px;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:4776px;left:3760.44px;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:4776px;left:4604.75px;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:4776px;left:4800.43px;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:4776px;left:4927.95px;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:4776px;left:5793.38px;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:4776px;left:5980.1px;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:4776px;left:6833.53px;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:4776px;left:7589.52px;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:4776px;left:7992.56px;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:4776px;left:8522.79px;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:4776px;left:8798.31px;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:4776px;left:9343.26px;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:4776px;left:10050.93px;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:4968px;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:4968px;left:275.52px;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:4968px;left:1010.39px;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:4968px;left:1280.15px;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:4968px;left:1730.22px;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:4968px;left:2278.37px;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:4968px;left:2497.73px;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:4968px;left:2880.29px;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:4968px;left:3289.41px;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:4968px;left:3600.61px;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:4968px;left:3796.28px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:7354.2px;left:0px;white-space:nowrap">Distributions
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:7354.2px;left:944.46px;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:7354.2px;left:1136.94px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:7354.2px;left:1845.41px;letter-spacing:-0.24px;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:7699.8px;left:0px;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:7699.8px;left:944.46px;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:7699.8px;left:1136.94px;letter-spacing:-0.14px;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:7699.8px;left:2763.96px;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:7699.8px;left:3030.68px;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:7699.8px;left:3721.07px;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:7699.8px;left:3949.39px;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:7699.8px;left:4224.91px;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:7699.8px;left:5113.86px;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:7699.8px;left:5525.69px;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:7699.8px;left:5839.93px;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:7699.8px;left:6474.17px;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:7699.8px;left:7176.24px;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:7699.8px;left:7490.47px;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:7699.8px;left:7987.91px;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:7699.8px;left:8174.62px;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:7699.8px;left:9098.28px;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:7699.8px;left:9365px;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:7699.8px;left:10244.67px;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:7891.8px;left:0px;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:7891.8px;left:862.71px;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:7891.8px;left:1203.19px;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:7891.8px;left:1745.26px;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:7891.8px;left:2314.37px;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:7891.8px;left:2572.13px;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:7891.8px;left:3451.96px;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:7891.8px;left:3905.39px;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:7891.8px;left:4246.35px;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:7891.8px;left:4660.9px;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:7891.8px;left:5034.18px;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:7891.8px;left:5366.34px;letter-spacing:-4.9px;white-space:nowrap">GAAP.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:8218.2px;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:8563.8px;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:8563.8px;left:483.03px;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:8563.8px;left:758.55px;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:8563.8px;left:1277.43px;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:8563.8px;left:2323.17px;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:8563.8px;left:3573.4px;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:8563.8px;left:4130.51px;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:8563.8px;left:4444.75px;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:8563.8px;left:5051.78px;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:8563.8px;left:5318.5px;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:8563.8px;left:6213.37px;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:8563.8px;left:6770.32px;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:8563.8px;left:7297.51px;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:8563.8px;left:7963.42px;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:8563.8px;left:8475.73px;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:8563.8px;left:8757.17px;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:8563.8px;left:8943.88px;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:8563.8px;left:9219.4px;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:8755.8px;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:8755.8px;left:186.72px;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:8755.8px;left:553.75px;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:8755.8px;left:1033.58px;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:8755.8px;left:1226.06px;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:8755.8px;left:1501.58px;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:8755.8px;left:2023.33px;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:8755.8px;left:2199.01px;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:8755.8px;left:2880.28px;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:8755.8px;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:8755.8px;left:3327.64px;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:8755.8px;left:3869.71px;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:8755.8px;left:4385.38px;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:8755.8px;left:4572.1px;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:8755.8px;left:5268.57px;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:8755.8px;left:6021.37px;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:8755.8px;left:6438.96px;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:8755.8px;left:6758.8px;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:8755.8px;left:7451.91px;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:8755.8px;left:7774.62px;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:8755.8px;left:8364.21px;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:8755.8px;left:8947.89px;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:8755.8px;left:10159.71px;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:8947.8px;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:8947.8px;left:423.51px;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:8947.8px;left:995.02px;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:8947.8px;left:1309.26px;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:8947.8px;left:1828.14px;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:8947.8px;left:2569.09px;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:8947.8px;left:3268.61px;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:8947.8px;left:3730.84px;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:8947.8px;left:4163.48px;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:8947.8px;left:5191.47px;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:8947.8px;left:5342.5px;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:8947.8px;left:6030.34px;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:8947.8px;left:6226.02px;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:8947.8px;left:6519.13px;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:8947.8px;left:6999.13px;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:8947.8px;left:7547.44px;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:8947.8px;left:8009.51px;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:8947.8px;left:8495.43px;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:8947.8px;left:8818.14px;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:8947.8px;left:9159.1px;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:8947.8px;left:9390.3px;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:8947.8px;left:9840.85px;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:9139.8px;left:0px;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:9139.8px;left:752.8px;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:9139.8px;left:1075.51px;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:9139.8px;left:1458.07px;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:9139.8px;left:1739.5px;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:9139.8px;left:2003.18px;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:9139.8px;left:2720.29px;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:9139.8px;left:3428.6px;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:9139.8px;left:4181.4px;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:9139.8px;left:4563.96px;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:9139.8px;left:4845.39px;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:9139.8px;left:5159.63px;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:9139.8px;left:5541.38px;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:9139.8px;left:6027.29px;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:9139.8px;left:6219.77px;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:9139.8px;left:6690.96px;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:9139.8px;left:7357.52px;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:9139.8px;left:7549.99px;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:9139.8px;left:7982.63px;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:9139.8px;left:8675.74px;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:9139.8px;left:8989.98px;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:9139.8px;left:9585.65px;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:9139.8px;left:9861.17px;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:9139.8px;left:10142.44px;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:9139.8px;left:10329.16px;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:9331.8px;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:9331.8px;left:192.48px;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:9331.8px;left:423.67px;letter-spacing:-0.41px;white-space:nowrap">remote.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9658.2px;left:0px;white-space:nowrap">Investments
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9658.2px;left:898.55px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9658.2px;left:1212.79px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9658.2px;left:2043.18px;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:10003.8px;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:10003.8px;left:728.63px;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:10003.8px;left:1623.18px;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:10003.8px;left:1889.9px;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:10003.8px;left:2684.29px;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:10003.8px;left:2924.12px;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:10003.8px;left:3119.8px;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:10003.8px;left:3306.52px;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:10003.8px;left:3582.03px;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:10003.8px;left:4002.51px;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:10003.8px;left:4369.86px;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:10003.8px;left:4609.7px;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:10003.8px;left:5238.01px;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:10003.8px;left:5945.68px;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:10003.8px;left:6692.39px;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:10003.8px;left:7335.42px;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:10003.8px;left:7756.22px;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:10003.8px;left:8070.46px;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:10003.8px;left:8541.65px;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:10003.8px;left:8769.97px;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:10003.8px;left:9477.8px;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:10195.8px;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:10195.8px;left:266.72px;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:10195.8px;left:746.88px;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:10195.8px;left:1161.91px;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:10195.8px;left:1437.43px;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:10195.8px;left:2015.34px;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:10195.8px;left:2986.85px;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:10195.8px;left:3635.8px;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:10195.8px;left:4466.19px;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:10195.8px;left:5035.3px;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:10195.8px;left:5186.34px;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:10195.8px;left:5983.29px;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:10195.8px;left:6170px;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:10195.8px;left:6744.4px;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:10195.8px;left:7357.99px;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:10195.8px;left:7811.43px;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:10195.8px;left:7962.46px;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:10195.8px;left:8652.86px;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:10195.8px;left:8881.17px;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:10195.8px;left:9097.65px;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:10195.8px;left:9642.93px;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:10195.8px;left:10042.92px;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:10387.8px;left:0px;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:10387.8px;left:631.19px;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:10387.8px;left:1327.5px;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:10387.8px;left:1514.22px;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:10387.8px;left:2234.21px;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:10387.8px;left:2548.45px;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:10387.8px;left:3478.35px;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:10387.8px;left:3665.07px;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:10387.8px;left:4414.66px;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:10387.8px;left:4654.49px;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:10387.8px;left:5282.81px;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:10387.8px;left:5990.48px;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:10387.8px;left:6737.19px;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:10387.8px;left:7567.58px;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:10387.8px;left:8136.69px;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:10387.8px;left:8465.65px;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:10387.8px;left:9022.6px;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:10579.8px;left:0px;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:10579.8px;left:528.63px;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:10579.8px;left:1103.02px;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:10579.8px;left:1417.26px;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:10579.8px;left:2116.77px;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:10579.8px;left:2537.57px;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:10579.8px;left:2851.81px;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:10579.8px;left:3367.48px;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:10579.8px;left:3497.72px;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:10579.8px;left:3821.08px;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:10579.8px;left:4100.43px;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:10579.8px;left:4674.83px;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:10579.8px;left:5462.82px;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:10579.8px;left:6031.93px;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:10579.8px;left:6683.93px;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:10579.8px;left:6855.77px;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:10579.8px;left:7131.28px;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:10579.8px;left:7510.31px;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:10579.8px;left:7697.03px;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:10579.8px;left:8404.86px;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:10579.8px;left:8576.7px;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:10579.8px;left:8875.9px;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:10579.8px;left:9062.61px;white-space:nowrap">cash.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:10906.2px;left:0px;white-space:nowrap">Netting
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:10906.2px;left:589.27px;letter-spacing:-0.29px;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:11251.8px;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:11251.8px;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:11251.8px;left:451.2px;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:11251.8px;left:1079.19px;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:11251.8px;left:1594.86px;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:11251.8px;left:1781.58px;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:11251.8px;left:2478.05px;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:11251.8px;left:2753.57px;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:11251.8px;left:3230.85px;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:11251.8px;left:3571.8px;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:11251.8px;left:3989.4px;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:11251.8px;left:4309.23px;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:11251.8px;left:5203.78px;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:11251.8px;left:5760.73px;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:11251.8px;left:5953.21px;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:11251.8px;left:6842.32px;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:11251.8px;left:7784.86px;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:11251.8px;left:8282.78px;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:11251.8px;left:8597.02px;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:11251.8px;left:9426.45px;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:11443.8px;left:0px;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:11443.8px;left:297.28px;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:11443.8px;left:784.47px;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:11443.8px;left:1311.67px;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:11443.8px;left:2200.62px;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:11443.8px;left:2393.09px;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:11443.8px;left:2816.61px;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:11443.8px;left:3316.92px;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:11443.8px;left:4344.9px;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:11443.8px;left:5023.3px;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:11443.8px;left:6081.37px;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:11443.8px;left:6837.04px;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:11443.8px;left:7112.56px;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:11443.8px;left:7488.39px;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:11443.8px;left:7680.87px;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:11443.8px;left:8122.3px;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:11443.8px;left:8294.14px;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:11443.8px;left:8847.89px;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:11443.8px;left:9736.84px;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:11443.8px;left:10219.71px;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:11635.8px;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:11635.8px;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:11635.8px;left:601.59px;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:11635.8px;left:1043.03px;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:11635.8px;left:1570.22px;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:11635.8px;left:2278.05px;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:11635.8px;left:2592.29px;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:11635.8px;left:3400.92px;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:11635.8px;left:3741.39px;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:11635.8px;left:3868.91px;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:11635.8px;left:4446.82px;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:11635.8px;left:5430.33px;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:11635.8px;left:5857.2px;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:11635.8px;left:6686.79px;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:11635.8px;left:6882.47px;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:11635.8px;left:7208.23px;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:11635.8px;left:7403.91px;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:11635.8px;left:7697.5px;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:11635.8px;left:8390.45px;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:11635.8px;left:9042.45px;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:11635.8px;left:9234.92px;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:11635.8px;left:9945.95px;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:11635.8px;left:10138.43px;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:11827.8px;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:11827.8px;left:953.75px;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:11827.8px;left:1433.9px;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:11827.8px;left:1662.22px;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:11827.8px;left:1937.74px;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:11827.8px;left:2384.77px;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:11827.8px;left:2571.48px;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:11827.8px;left:2847px;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:11827.8px;left:3780.43px;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:11827.8px;left:4536.11px;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:11827.8px;left:4918.67px;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:11827.8px;left:5327.79px;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:11827.8px;left:6018.5px;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:11827.8px;left:6222.66px;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:11827.8px;left:6584.41px;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:11827.8px;left:7277.36px;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:11827.8px;left:7591.6px;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:11827.8px;left:8299.43px;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:11827.8px;left:8992.38px;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:11827.8px;left:9220.69px;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:11827.8px;left:9348.21px;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:12019.8px;left:0px;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:12019.8px;left:444.48px;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:12019.8px;left:824.31px;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:12019.8px;left:1393.1px;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:12019.8px;left:1585.58px;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:12019.8px;left:2112.77px;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:12019.8px;left:3229.39px;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:12019.8px;left:3401.23px;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:12019.8px;left:4263.94px;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:12019.8px;left:4604.42px;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:12019.8px;left:4879.93px;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:12019.8px;left:5326.97px;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:12019.8px;left:5513.68px;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:12019.8px;left:5789.2px;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:12019.8px;left:6342.95px;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:12019.8px;left:7276.38px;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:12019.8px;left:7969.33px;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:12019.8px;left:8514.44px;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:12019.8px;left:8706.92px;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:12019.8px;left:8982.44px;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:12019.8px;left:9459.71px;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:12019.8px;left:9610.75px;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:12019.8px;left:9969.31px;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:12019.8px;left:10141.15px;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:12211.8px;left:0px;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:12211.8px;left:859.19px;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:12211.8px;left:1466.87px;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:12211.8px;left:1686.22px;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:12211.8px;left:1961.74px;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:12211.8px;left:2480.62px;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:12211.8px;left:3215.49px;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:12211.8px;left:3736.92px;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:12211.8px;left:4077.4px;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:12211.8px;left:4646.19px;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:12211.8px;left:4838.66px;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:12211.8px;left:5277.22px;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:12211.8px;left:5935.13px;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:12211.8px;left:6388.57px;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:12211.8px;left:6682.17px;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:12211.8px;left:6913.36px;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:12211.8px;left:7257.04px;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:12211.8px;left:7449.51px;letter-spacing:-0.19px;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:12211.8px;left:8285.03px;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:12211.8px;left:8551.75px;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:12211.8px;left:9319.1px;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:12211.8px;left:9490.94px;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:12211.8px;left:9766.46px;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:12403.8px;left:0px;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:12403.8px;left:651.34px;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:12403.8px;left:838.06px;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:12403.8px;left:1736.61px;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:12403.8px;left:1929.08px;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:12403.8px;left:2776.27px;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:12403.8px;left:2962.99px;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:12403.8px;left:3463.78px;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:12403.8px;left:3778.02px;white-space:nowrap">Liabilities.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5800.96px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5384.96px;left:10191.53px;letter-spacing:-0.58px;white-space:nowrap">Gross</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5576.96px;left:9524.49px;white-space:nowrap">Custodian
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5576.96px;left:10352px;letter-spacing:-2.56px;white-space:nowrap">Fee</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5768.96px;left:10072.33px;letter-spacing:-0.41px;white-space:nowrap">Credits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6086.04px;left:0px;white-space:nowrap">NAN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6038.92px;left:9464.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6038.92px;left:10152.41px;white-space:nowrap">2,880</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6351px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6303.88px;left:10152.41px;white-space:nowrap">4,357</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6615.96px;left:0px;letter-spacing:-1.12px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6568.84px;left:10152.41px;white-space:nowrap">2,732</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6880.92px;left:0px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6833.8px;left:10152.41px;white-space:nowrap">1,393</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">67</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">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">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;left:8618.62px;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:0px;left:8790.46px;white-space:nowrap">Note
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9196.37px;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:0px;left:9329.81px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9427.57px;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:192px;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:192px;left:728.63px;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:192px;left:1042.87px;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:192px;left:1941.42px;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:192px;left:2113.26px;white-space:nowrap">Derivatives.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:526.72px;left:0px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:526.72px;left:393.91px;white-space:nowrap">Accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:526.72px;left:1288.78px;letter-spacing:-0.19px;white-space:nowrap">Pronouncements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:526.72px;left:2589.07px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:526.72px;left:2914.99px;white-space:nowrap">Rule
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:526.72px;left:3288.42px;white-space:nowrap">Issuances</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:854.4px;left:0px;letter-spacing:-0.29px;white-space:nowrap">Reference
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:854.4px;left:758.87px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:854.4px;left:1123.35px;letter-spacing:0.48px;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:1200px;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:1200px;left:175.68px;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:1200px;left:661.92px;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:1200px;left:1106.72px;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:1200px;left:1530.87px;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:1200px;left:2025.75px;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:1200px;left:2885.26px;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:1200px;left:3640.77px;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:1200px;left:4215.64px;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:1200px;left:4817.88px;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:1200px;left:5493.88px;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:1200px;left:6252.75px;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:1200px;left:6617.23px;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:1200px;left:7224.58px;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:1200px;left:8044.88px;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:1200px;left:8231.6px;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:1200px;left:8507.11px;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:1200px;left:9025.67px;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:1200px;left:9212.38px;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:1200px;left:9971.26px;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:1392px;left:0px;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:1392px;left:562.87px;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:1392px;left:791.19px;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:1392px;left:1460.94px;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:1392px;left:2257.73px;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:1392px;left:2571.97px;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:1392px;left:2963.16px;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:1392px;left:3662.35px;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:1392px;left:3849.07px;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:1392px;left:4124.58px;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:1392px;left:4462.5px;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:1392px;left:5167.94px;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:1392px;left:5318.97px;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:1392px;left:5511.45px;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:1392px;left:6101.04px;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:1392px;left:6497.84px;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:1392px;left:6690.31px;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:1392px;left:7508.38px;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:1392px;left:7831.1px;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:1392px;left:8106.29px;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:1392px;left:8337.49px;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:1392px;left:9054.44px;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:1392px;left:9273.8px;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:1392px;left:9549.32px;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:1584px;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:1584px;left:569.28px;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:1584px;left:741.12px;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:1584px;left:1576.95px;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:1584px;left:2151.34px;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:1584px;left:2586.69px;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:1584px;left:3013.57px;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:1584px;left:3958.03px;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:1584px;left:4417.55px;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:1584px;left:4692.74px;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:1584px;left:4921.06px;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:1584px;left:5427.61px;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:1584px;left:5658.81px;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:1584px;left:6304.57px;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:1584px;left:6497.04px;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:1584px;left:7024.24px;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:1584px;left:7614.15px;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:1584px;left:8331.9px;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:1584px;left:8927.58px;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:1584px;left:9292.05px;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:1584px;left:9871.09px;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:1776px;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:1776px;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:1776px;left:494.88px;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:1776px;left:749.91px;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:1776px;left:1419.67px;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:1776px;left:2077.58px;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:1776px;left:2779.48px;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:1776px;left:3263px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1776px;left:3577.24px;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:1776px;left:3915.16px;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:1776px;left:4620.59px;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:1776px;left:5103.46px;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:1776px;left:5921.53px;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:1776px;left:6158.49px;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:1776px;left:6845.84px;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:1776px;left:7121.36px;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:1776px;left:7465.19px;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:1776px;left:8034.47px;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:1776px;left:8226.95px;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:1776px;left:8822.3px;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:1776px;left:9515.41px;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:1776px;left:9782.12px;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:1776px;left:9909.64px;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:1968px;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:1968px;left:192.48px;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:1968px;left:408.96px;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:1968px;left:1140.95px;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:1968px;left:1976.78px;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:1968px;left:2551.17px;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:1968px;left:2918.37px;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:1968px;left:3526.04px;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:1968px;left:3765.87px;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:1968px;left:4767.3px;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:1968px;left:4962.98px;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:1968px;left:5090.5px;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:1968px;left:6003.45px;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:1968px;left:6190.16px;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:1968px;left:6465.68px;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:1968px;left:7061.03px;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:1968px;left:7685.98px;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:1968px;left:8263.41px;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:1968px;left:9021.64px;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:1968px;left:9655.87px;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:1968px;left:9937.31px;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:2160px;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:2160px;left:314.24px;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:2160px;left:909.59px;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:2160px;left:1647.18px;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:2160px;left:1922.7px;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:2160px;left:2399.97px;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:2160px;left:2740.93px;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:2160px;left:3131.97px;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:2160px;left:3324.44px;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:2160px;left:3763px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:4038.51px;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:2160px;left:5013.54px;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:2160px;left:5209.22px;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:2160px;left:5395.94px;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:2160px;left:5882.18px;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:2160px;left:6149.06px;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:2160px;left:6549.38px;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:2160px;left:7156.73px;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:2160px;left:7950.96px;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:2160px;left:8217.84px;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:2160px;left:8662.64px;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:2160px;left:8838.32px;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:2160px;left:9632.56px;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:2160px;left:10077.36px;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:2352px;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:2352px;left:657.59px;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:2352px;left:1010.55px;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:2352px;left:1642.07px;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:2352px;left:1956.31px;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:2352px;left:2451.18px;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:2352px;left:2804.14px;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:2352px;left:3480.14px;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:2352px;left:4239.01px;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:2352px;left:4603.49px;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:2352px;left:5210.83px;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:2352px;left:5826.83px;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:2352px;left:6013.54px;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:2352px;left:6289.06px;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:2352px;left:6810.66px;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:2352px;left:7198.81px;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:2352px;left:7385.53px;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:2352px;left:7812.24px;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:2352px;left:8168.08px;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:2352px;left:8621.52px;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:2352px;left:9229.03px;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:2352px;left:9504.55px;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:2352px;left:10339.9px;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:2544px;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:2544px;left:275.52px;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:2544px;left:1250.55px;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:2544px;left:1857.9px;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:2544px;left:2652.14px;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:2544px;left:2919.02px;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:2544px;left:3363.82px;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:2544px;left:4359.81px;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:4644.45px;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:2544px;left:4925.88px;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:2544px;left:5189.56px;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:2544px;left:5767.31px;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:2544px;left:5959.79px;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:2544px;left:6398.34px;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:2544px;left:6673.86px;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:2544px;left:7693.37px;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:2544px;left:7844.41px;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:2544px;left:8786.8px;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:2544px;left:9569.03px;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:2544px;left:9844.55px;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:2736px;left:0px;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:2736px;left:444.48px;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:2736px;left:571.99px;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:2736px;left:1709.58px;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:2736px;left:1896.29px;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:2736px;left:2392.13px;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:2736px;left:2833.72px;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:2736px;left:3216.28px;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:2736px;left:3444.6px;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:2736px;left:3720.12px;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:2736px;left:4238.99px;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:2736px;left:5133.7px;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:2736px;left:5447.94px;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:2736px;left:5732.58px;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:2736px;left:6393.05px;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:2736px;left:7272.72px;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:7595.43px;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:2736px;left:7731.43px;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:2736px;left:7882.47px;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:2736px;left:8463.26px;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:2736px;left:8738.78px;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:2736px;left:9183.74px;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:2736px;left:9877px;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:2736px;left:10152.2px;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:2736px;left:10534.76px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;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:2928px;left:764.31px;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:2928px;left:1294.54px;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:2928px;left:1522.86px;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:2928px;left:1798.38px;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:2928px;left:2317.25px;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:2928px;left:2945.57px;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:2928px;left:3771.96px;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:2928px;left:4086.19px;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:2928px;left:4634.35px;text-rendering:optimizeLegibility;white-space:nowrap">filings.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3254.4px;left:0px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3254.4px;left:373.44px;white-space:nowrap">Rules
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3254.4px;left:797.27px;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:3254.4px;left:989.75px;letter-spacing:0.29px;white-space:nowrap">Modernize
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3254.4px;left:1798.7px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3254.4px;left:2207.82px;letter-spacing:-0.88px;white-space:nowrap">Valuation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3254.4px;left:2910.05px;white-space:nowrap">Framework
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3254.4px;left:3745.56px;letter-spacing:-3.55px;white-space:nowrap">Take
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3254.4px;left:4113.23px;letter-spacing:-0.48px;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:3600px;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:3600px;left:154.24px;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:3600px;left:492.16px;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:3600px;left:806.07px;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:3600px;left:1463.82px;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:3600px;left:1683.18px;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:3600px;left:1958.7px;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:3600px;left:2687.33px;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:3600px;left:3001.57px;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:3600px;left:3742.84px;white-space:nowrap">Commission
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:4664.43px;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:3600px;left:4981.55px;white-space:nowrap">&quot;SEC&quot;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:5530.18px;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:3600px;left:6303.45px;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:3600px;left:6670.97px;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:3600px;left:7361.36px;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:3600px;left:8087.11px;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:3600px;left:8442.78px;white-space:nowrap">2a-5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:8801.5px;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:3600px;left:9263.74px;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:3600px;left:9539.26px;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:3600px;left:9939.58px;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:3600px;left:10268.53px;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:3792px;left:0px;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:3792px;left:856.15px;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:3792px;left:1839.66px;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:3792px;left:2079.49px;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:3792px;left:2997.56px;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:3792px;left:3263.96px;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:3792px;left:3684.91px;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:3792px;left:3856.75px;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:3792px;left:4286.5px;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:3792px;left:4641.86px;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:3792px;left:4881.69px;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:3792px;left:5583.92px;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:3792px;left:5770.64px;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:3792px;left:6046.16px;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:3792px;left:6446.48px;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:3792px;left:6775.43px;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:3792px;left:7131.11px;white-space:nowrap">2a-5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:7489.83px;letter-spacing:0.36px;white-space:nowrap">permits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:8073.02px;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:3792px;left:8440.53px;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:3792px;left:8976.85px;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:3792px;left:9169.32px;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:3792px;left:9918.91px;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:3984px;left:0px;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:3984px;left:527.03px;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:3984px;left:719.51px;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:3984px;left:1338.37px;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:3984px;left:1604.77px;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:3984px;left:2025.73px;letter-spacing:0.18px;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:3984px;left:3189.71px;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:3984px;left:3746.66px;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:3984px;left:3939.14px;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:3984px;left:4407.29px;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:3984px;left:5112.24px;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:3984px;left:5426.48px;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:3984px;left:5953.67px;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:3984px;left:6377.18px;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:3984px;left:7206.77px;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:3984px;left:7562.45px;white-space:nowrap">2a-5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:7921.16px;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:3984px;left:8250.12px;text-rendering:optimizeLegibility;white-space:nowrap">defines
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:8813.32px;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:9240.19px;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:3984px;left:9776.35px;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:4176px;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:4176px;left:266.72px;letter-spacing:-0.32px;white-space:nowrap">&quot;readily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:868.15px;white-space:nowrap">available&quot;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:1623.82px;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:4176px;left:1863.66px;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:4176px;left:2565.89px;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:4176px;left:2752.6px;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:4176px;left:3327.48px;white-space:nowrap">2(a)(41)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:3888.27px;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:4176px;left:4074.99px;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:4176px;left:4350.51px;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:4176px;left:4750.83px;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:4176px;left:5079.78px;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:4176px;left:5533.22px;letter-spacing:-0.64px;white-space:nowrap">requires
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:6149.37px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:6276.89px;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:6644.41px;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:4176px;left:6836.88px;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:4176px;left:7103.28px;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:4176px;left:7524.24px;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:4176px;left:7651.76px;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:4176px;left:8241.19px;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:4176px;left:8668.06px;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:4176px;left:9204.22px;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:4176px;left:10009.96px;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:4368px;left:0px;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:4368px;left:281.44px;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:4368px;left:799.83px;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:4368px;left:1516.94px;letter-spacing:-1.23px;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:4368px;left:2343.65px;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:4368px;left:2681.57px;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:4368px;left:3022.53px;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:4368px;left:3378.2px;white-space:nowrap">31a-4
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:3825.88px;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:4368px;left:4288.12px;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:4368px;left:4563.64px;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:4368px;left:4963.96px;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:4368px;left:5248.43px;white-space:nowrap">sets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:5571.31px;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:4368px;left:5953.22px;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:4368px;left:6228.74px;letter-spacing:-0.41px;white-space:nowrap">recordkeeping
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:7310.32px;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:4368px;left:8293.84px;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:4368px;left:9090.94px;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:4368px;left:9431.42px;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:4368px;left:9697.81px;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:4560px;left:0px;letter-spacing:0.18px;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:4560px;left:1163.98px;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:4560px;left:1478.22px;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:4560px;left:1955.5px;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:4560px;left:2613.25px;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:4560px;left:2740.77px;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:4560px;left:3431.16px;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:4560px;left:3899.31px;letter-spacing:0.26px;white-space:nowrap">conforming
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:4764.42px;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:4560px;left:4956.89px;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:4560px;left:5232.41px;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:4560px;left:5570.33px;white-space:nowrap">rules,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:5996.88px;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:4560px;left:6645.83px;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:4560px;left:7484.23px;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:4560px;left:7662.15px;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:4560px;left:8106.95px;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:4560px;left:8421.18px;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:4560px;left:8835.9px;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:4560px;left:9147.1px;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:4560px;left:9375.42px;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:4560px;left:9994.28px;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:4752px;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:4752px;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:4752px;left:467.99px;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:5112.88px;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:5112.88px;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:5112.88px;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:5112.88px;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:5112.88px;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:5112.88px;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:5112.88px;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:5496px;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:5496px;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:5496px;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:5496px;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:5496px;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:5496px;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:5496px;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:5496px;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:5496px;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:5496px;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:5496px;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:5496px;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:5496px;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:5496px;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:5496px;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:5496px;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:5496px;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:5496px;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:5496px;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:5496px;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:5496px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5688px;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:5880px;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:5880px;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:5880px;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:5880px;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:5880px;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:5880px;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:5880px;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:5880px;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:5880px;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:5880px;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:5880px;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:5880px;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:5880px;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:5880px;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:5880px;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:5880px;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:5880px;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:5880px;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:5880px;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:5880px;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:5880px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6072px;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:6264px;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:6264px;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:6264px;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:6264px;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:6264px;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:6264px;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:6264px;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:6264px;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:6264px;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:6264px;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:6264px;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:6264px;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:6264px;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:6264px;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:6264px;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:6264px;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:6264px;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:6264px;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:6264px;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:6456px;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:6456px;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:6456px;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:6456px;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:6456px;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:6456px;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:6456px;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:6456px;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:6456px;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:6456px;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:6456px;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:6456px;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:6456px;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:6456px;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:6456px;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:6456px;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:6456px;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:6456px;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:6456px;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:6648px;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:6648px;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:6648px;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:6648px;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:6648px;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:6648px;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:6648px;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:6648px;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:6648px;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:6648px;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:6648px;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:6648px;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:6648px;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:6648px;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:6648px;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:6648px;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:6648px;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:6648px;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:6648px;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:6648px;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:6648px;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:6840px;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:6840px;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:6840px;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:6840px;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:6840px;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:6840px;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:6840px;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:6840px;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:6840px;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:6840px;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:6840px;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:6840px;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:6840px;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:6840px;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:6840px;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:6840px;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:6840px;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:6840px;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:7176px;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:7176px;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:7176px;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:7176px;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:7176px;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:7176px;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:7176px;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:7176px;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:7176px;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:7176px;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:7176px;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:7176px;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:7176px;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:7176px;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:7176px;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:7176px;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:7176px;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:7176px;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:7176px;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:7512px;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:7512px;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:7512px;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:7512px;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:7512px;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:7512px;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:7512px;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:7512px;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:7512px;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:7512px;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:7512px;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:7512px;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:7512px;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:7512px;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:7512px;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:7512px;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:7512px;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:7512px;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:7512px;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:7512px;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:7704px;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:7704px;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:8040px;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:8040px;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:8040px;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:8040px;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:8040px;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:8040px;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:8040px;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:8040px;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:8040px;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:8040px;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:8040px;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:8040px;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:8040px;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:8040px;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:8040px;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:8040px;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:8040px;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:8040px;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:8040px;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:8232px;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:8568px;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:8568px;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:8568px;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:8568px;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:8568px;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:8568px;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:8568px;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:8568px;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:8568px;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:8568px;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:8568px;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:8568px;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:8568px;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:8568px;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:8568px;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:8568px;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:8568px;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:8568px;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:8568px;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:8568px;left:8837.64px;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:8568px;left:9258.6px;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:8904px;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:8904px;left:462.07px;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:8904px;left:648.79px;text-rendering:optimizeLegibility;white-space:nowrap">fixed-income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8904px;left:1620.94px;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:8904px;left:2328.77px;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:8904px;left:2595.49px;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:8904px;left:3294.68px;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:8904px;left:3982.03px;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:8904px;left:4201.39px;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:8904px;left:4737.38px;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:8904px;left:5341.85px;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:8904px;left:6073.84px;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:8904px;left:6293.2px;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:8904px;left:6568.72px;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:8904px;left:7176.23px;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:8904px;left:7629.67px;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:8904px;left:7780.7px;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:8904px;left:8337.66px;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:8904px;left:8530.13px;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:8904px;left:9033.81px;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:8904px;left:9253.16px;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:8904px;left:9528.68px;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:8904px;left:10106.43px;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:9096px;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:9096px;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:9096px;left:891.67px;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:9096px;left:1167.18px;letter-spacing:-0.19px;white-space:nowrap">Board.&#160;Pricing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9096px;left:2212.93px;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:9096px;left:2817.4px;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:9096px;left:3486.83px;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:9096px;left:3614.35px;letter-spacing:-1.61px;white-space:nowrap">security&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9096px;left:4295.78px;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:9096px;left:4562.18px;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:9096px;left:4983.13px;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:9096px;left:5409.85px;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:9096px;left:6082.48px;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:9096px;left:6405.2px;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:9096px;left:6746.15px;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:9096px;left:7309.19px;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:9096px;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:9096px;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:9096px;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:9096px;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:9096px;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:9288px;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:9288px;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:9288px;left:654.71px;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:9288px;left:1549.42px;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:9288px;left:1736.14px;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:9288px;left:2631px;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:9288px;left:3182.04px;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:9288px;left:3543.47px;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:9288px;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:9288px;left:4171.78px;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:9288px;left:4803.3px;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:9288px;left:5430.97px;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:9288px;left:5745.21px;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:9288px;left:6248.56px;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:9288px;left:6784.71px;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:9288px;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:9288px;left:7513.5px;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:9288px;left:8325.17px;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:9288px;left:8511.88px;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:9288px;left:8932.84px;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:9288px;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:9288px;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:9480px;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:9480px;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:9480px;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:9480px;left:1878.37px;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:9480px;left:2240.13px;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:9480px;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:9480px;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:9480px;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:9480px;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:9480px;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:9480px;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:9480px;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:9480px;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:9480px;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:9480px;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:9480px;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:9480px;left:8734.12px;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:9480px;left:9009.64px;letter-spacing:-1.78px;white-space:nowrap">obligor&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9480px;left:9661.3px;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:9672px;left:0px;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:9672px;left:1045.42px;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:9672px;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:9672px;left:2538.85px;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:9672px;left:2714.53px;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:9672px;left:3250.52px;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:9672px;left:3777.71px;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:9672px;left:4530.02px;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:9672px;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:9672px;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:9672px;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:9672px;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:9672px;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:9672px;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:9672px;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:9672px;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:9672px;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:9672px;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:9864px;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:9864px;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:9864px;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:9864px;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:9864px;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:9864px;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:9864px;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:9864px;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:9864px;left:3456.75px;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:9864px;left:3998.65px;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:9864px;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:9864px;left:4905.36px;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:9864px;left:5180.88px;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:9864px;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:9864px;left:6259.75px;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:9864px;left:6967.58px;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:9864px;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:9864px;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:9864px;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:9864px;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:9864px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10200px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10392px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10584px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;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:10776px;left:8772.69px;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:10776px;left:9048.21px;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:10776px;left:9314.6px;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:10776px;left:9735.56px;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:10776px;left:9922.27px;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:10968px;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:10968px;left:752.31px;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:10968px;left:1205.74px;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:10968px;left:1546.7px;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:10968px;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:10968px;left:3119.96px;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:10968px;left:3306.68px;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:10968px;left:3582.19px;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:10968px;left:4325.7px;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:10968px;left:4778.97px;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:10968px;left:4971.45px;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:10968px;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:10968px;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:10968px;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:10968px;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:10968px;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:10968px;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:10968px;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:10968px;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:10968px;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:10968px;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:11160px;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:11160px;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:11160px;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:11160px;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:11160px;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:11160px;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:11160px;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:11160px;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:11160px;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:11160px;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:11160px;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:11160px;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:11160px;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:11160px;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:11160px;left:6950.31px;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:11160px;left:7312.06px;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:11160px;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:11160px;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:11160px;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:11160px;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:11160px;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:11352px;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:11352px;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:11352px;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:11352px;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:11352px;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:11352px;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:11352px;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:11352px;left:3525.72px;letter-spacing:-1.78px;white-space:nowrap">obligor&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11352px;left:4177.38px;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:11352px;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:11352px;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:11352px;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:11352px;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:11352px;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:11352px;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:11352px;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:11352px;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:11352px;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:11352px;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:11352px;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:11544px;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:11544px;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:11544px;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:11544px;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:11544px;left:1751.18px;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:11544px;left:1982.38px;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:11544px;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:11544px;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:11544px;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:11544px;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:11544px;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:11544px;left:4551.47px;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:11544px;left:5031.46px;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:11544px;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:11544px;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:11544px;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:11544px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:11880px;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:12072px;left:0px;white-space:nowrap">them:</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4429.43px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12364 characters]);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:532.80px">

 <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:160px;font-weight:300;position:absolute;top:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5232.71px;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:5424.71px;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:5424.71px;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:5424.71px;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:5424.71px;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:5424.71px;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:5424.71px;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:5424.71px;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:5424.71px;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:5424.71px;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:5424.71px;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:5424.71px;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:5424.71px;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:5424.71px;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:5424.71px;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:5424.71px;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:5424.71px;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:5424.71px;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:5424.71px;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:5424.71px;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:5424.71px;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:5616.71px;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:5616.71px;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:5616.71px;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:5616.71px;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:5616.71px;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:5616.71px;left:2136.14px;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:5616.71px;left:2307.98px;white-space:nowrap">Note
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616.71px;left:2713.89px;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:5616.71px;left:2847.33px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616.71px;left:2945.09px;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:5616.71px;left:3596.43px;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:5616.71px;left:4325.06px;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:5616.71px;left:4639.3px;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:5616.71px;left:5537.85px;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:5616.71px;left:5709.69px;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:5616.71px;left:6583.6px;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:5616.71px;left:6897.84px;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:5616.71px;left:7164.23px;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:5616.71px;left:7653.35px;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:5616.71px;left:7840.06px;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:5616.71px;left:8115.58px;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:5616.71px;left:8634.46px;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:5616.71px;left:9300.36px;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:5616.71px;left:9540.2px;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:5808.71px;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:5808.71px;left:492px;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:5808.71px;left:1437.1px;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:5808.71px;left:1804.14px;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:5808.71px;left:2606.68px;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:5808.71px;left:3463.16px;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:5808.71px;left:4165.07px;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:5808.71px;left:4657.07px;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:5808.71px;left:4923.79px;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:5808.71px;left:5622.98px;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:5808.71px;left:6313.37px;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:5808.71px;left:6509.05px;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:5808.71px;left:6926.97px;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:5808.71px;left:7060.41px;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:5808.71px;left:7374.64px;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:5808.71px;left:7892.71px;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:5808.71px;left:8645.19px;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:5808.71px;left:8817.02px;white-space:nowrap">Note
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808.71px;left:9222.94px;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:5808.71px;left:9356.38px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808.71px;left:9454.14px;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:5808.71px;left:9863.26px;letter-spacing:-0.41px;white-space:nowrap">Shares.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:6169.59px;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:6169.59px;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:6169.59px;left:1325.12px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:6169.59px;left:2384.62px;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:6169.59px;left:2832.75px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:6169.59px;left:4136.22px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:6169.59px;left:4384.82px;letter-spacing:0px;white-space:nowrap">Derivatives</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:6551.43px;left:0px;white-space:nowrap">Portfolio
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:6551.43px;left:701.9px;white-space:nowrap">Securities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:6879.11px;left:0px;white-space:nowrap">Inverse
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:6879.11px;left:551.99px;white-space:nowrap">Floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:6879.11px;left:1179.99px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:6879.11px;left:1544.46px;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:7224.71px;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:7224.71px;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:7224.71px;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:7224.71px;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:7224.71px;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:7224.71px;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:7224.71px;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:7224.71px;left:2571.97px;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:7224.71px;left:3120.12px;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:7224.71px;left:3706.67px;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:7224.71px;left:4029.39px;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:7224.71px;left:4781.7px;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:7224.71px;left:5024.9px;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:7224.71px;left:5573.05px;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:7224.71px;left:6159.6px;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:7224.71px;left:6482.32px;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:7224.71px;left:7071.75px;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:7224.71px;left:7222.79px;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:7224.71px;left:7806.46px;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:7224.71px;left:8025.82px;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:7224.71px;left:8834.45px;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:7224.71px;left:8961.97px;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:7224.71px;left:9693.8px;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:7416.71px;left:0px;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:7416.71px;left:651.67px;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:7416.71px;left:844.15px;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:7416.71px;left:1039.83px;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:7416.71px;left:1256.31px;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:7416.71px;left:2163.02px;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:7416.71px;left:2759.01px;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:7416.71px;left:3383.96px;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:7416.71px;left:3724.43px;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:7416.71px;left:3851.95px;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:7416.71px;left:4246.19px;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:7416.71px;left:4820.58px;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:7416.71px;left:5187.77px;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:7416.71px;left:5507.61px;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:7416.71px;left:5635.13px;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:7416.71px;left:6171.44px;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:7416.71px;left:6805.51px;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:7416.71px;left:7320.87px;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:7416.71px;left:7833.34px;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:7416.71px;left:8257.17px;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:7416.71px;left:8877.01px;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:7416.71px;left:9237.96px;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:7416.71px;left:9889.63px;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:7416.71px;left:10082.11px;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:7416.71px;left:10277.79px;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:7608.71px;left:0px;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:7608.71px;left:453.6px;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:7608.71px;left:963.19px;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:7608.71px;left:1546.86px;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:7608.71px;left:1766.22px;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:7608.71px;left:1958.7px;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:7608.71px;left:2139.33px;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:7608.71px;left:2414.85px;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:7608.71px;left:3087.16px;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:7608.71px;left:3273.88px;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:7608.71px;left:3591.15px;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:7608.71px;left:3783.63px;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:7608.71px;left:4198.51px;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:7608.71px;left:4720.26px;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:7608.71px;left:4895.94px;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:7608.71px;left:5271.94px;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:7608.71px;left:5547.45px;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:7608.71px;left:5918.01px;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:7608.71px;left:6302.96px;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:7608.71px;left:6768.24px;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:7608.71px;left:6978.96px;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:7608.71px;left:7565.51px;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:7608.71px;left:7888.22px;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:7608.71px;left:8699.73px;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:7608.71px;left:9351.4px;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:7608.71px;left:9543.88px;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:7608.71px;left:9739.56px;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:7800.71px;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:7800.71px;left:171.84px;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:7800.71px;left:512.8px;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:7800.71px;left:1170.71px;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:7800.71px;left:1612.3px;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:7800.71px;left:1804.78px;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:7800.71px;left:2237.58px;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:7800.71px;left:2818.04px;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:7800.71px;left:3004.76px;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:7800.71px;left:3280.28px;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:7800.71px;left:4103.95px;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:7800.71px;left:4622.82px;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:7800.71px;left:4901.22px;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:7800.71px;left:5490.97px;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:7800.71px;left:5683.45px;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:7800.71px;left:6219.6px;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:7800.71px;left:6685.04px;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:7800.71px;left:6999.27px;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:7800.71px;left:7224.71px;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:7800.71px;left:7441.19px;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:7800.71px;left:7989.35px;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:7800.71px;left:8575.9px;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:7800.71px;left:8898.61px;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:7800.71px;left:9641.96px;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:7992.71px;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:7992.71px;left:192.48px;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:7992.71px;left:388.15px;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:7992.71px;left:604.63px;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:7992.71px;left:1239.67px;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:7992.71px;left:1909.26px;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:7992.71px;left:2231.97px;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:7992.71px;left:3019.97px;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:7992.71px;left:3224.28px;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:7992.71px;left:3979.79px;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:7992.71px;left:4172.27px;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:7992.71px;left:4770.66px;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:7992.71px;left:5345.06px;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:7992.71px;left:5516.89px;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:7992.71px;left:5792.41px;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:7992.71px;left:6162.97px;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:7992.71px;left:6592.4px;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:7992.71px;left:7205.51px;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:7992.71px;left:7830.46px;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:7992.71px;left:8132.86px;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:7992.71px;left:8923.24px;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:7992.71px;left:9776.51px;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:8184.71px;left:0px;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:8184.71px;left:390.87px;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:8184.71px;left:583.35px;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:8184.71px;left:956.3px;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:8184.71px;left:1483.33px;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:8184.71px;left:1827.17px;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:8184.71px;left:2093.89px;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:8184.71px;left:2422.84px;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:8184.71px;left:3110.2px;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:8184.71px;left:3237.71px;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:8184.71px;left:3613.55px;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:8184.71px;left:3806.02px;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:8184.71px;left:4321.38px;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:8184.71px;left:4688.41px;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:8184.71px;left:5431.76px;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:8184.71px;left:5746px;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:8184.71px;left:6300.23px;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:8184.71px;left:6504.39px;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:8184.71px;left:6782.78px;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:8184.71px;left:7248.22px;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:8184.71px;left:7701.66px;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:8184.71px;left:8042.61px;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:8184.71px;left:8273.81px;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:8184.71px;left:8635.25px;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:8184.71px;left:9008.52px;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:8184.71px;left:9284.04px;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:8184.71px;left:9992.35px;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:8184.71px;left:10179.07px;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:8376.71px;left:0px;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:8376.71px;left:900.47px;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:8376.71px;left:1087.19px;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:8376.71px;left:1362.7px;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:8376.71px;left:2020.29px;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:8376.71px;left:2239.65px;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:8376.71px;left:2367.17px;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:8376.71px;left:2716.93px;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:8376.71px;left:2909.4px;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:8376.71px;left:3184.92px;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:8376.71px;left:3555.48px;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:8376.71px;left:3940.43px;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:8376.71px;left:4313.7px;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:8376.71px;left:4441.22px;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:8376.71px;left:4814.18px;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:8376.71px;left:5222.81px;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:8376.71px;left:5835.6px;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:8376.71px;left:6478.31px;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:8376.71px;left:7257.34px;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:8376.71px;left:8063.24px;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:8376.71px;left:8255.72px;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:8376.71px;left:8475.08px;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:8376.71px;left:8750.6px;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:8376.71px;left:9073.63px;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:8376.71px;left:9260.35px;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:8376.71px;left:9734.42px;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:8376.71px;left:10107.7px;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:8568.71px;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:8568.71px;left:370.56px;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:8568.71px;left:799.99px;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:8568.71px;left:1114.23px;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:8568.71px;left:1666.22px;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:8568.71px;left:2211.17px;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:8568.71px;left:2362.21px;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:8568.71px;left:2857.09px;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:8568.71px;left:3049.56px;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:8568.71px;left:3177.08px;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:8568.71px;left:3541.56px;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:8568.71px;left:3920.43px;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:8568.71px;left:4557.38px;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:8568.71px;left:4925.06px;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:8568.71px;left:5120.74px;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:8568.71px;left:5438.02px;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:8568.71px;left:5630.49px;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:8568.71px;left:6045.37px;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:8568.71px;left:6567.12px;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:8568.71px;left:6881.36px;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:8568.71px;left:7450.48px;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:8568.71px;left:8102.47px;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:8568.71px;left:8321.83px;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:8568.71px;left:8597.35px;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:8568.71px;left:9149.34px;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:8568.71px;left:9694.29px;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:8568.71px;left:10200.84px;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:8760.71px;left:0px;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:8760.71px;left:663.67px;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:8760.71px;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:8760.71px;left:1279.66px;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:8760.71px;left:2070.05px;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:8760.71px;left:2392.76px;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:8760.71px;left:2754.2px;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:8760.71px;left:2946.67px;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:8760.71px;left:3521.38px;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:8760.71px;left:3708.1px;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:8760.71px;left:3983.62px;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:8760.71px;left:4641.21px;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:8760.71px;left:4955.45px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8760.71px;left:5127.29px;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:8760.71px;left:5524.24px;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:8760.71px;left:6564.39px;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:8760.71px;left:6839.9px;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:8760.71px;left:7391.9px;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:8760.71px;left:7936.85px;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:8760.71px;left:8443.4px;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:8760.71px;left:8878.92px;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:8760.71px;left:9800.02px;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:8760.71px;left:10004.34px;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:8760.71px;left:10191.06px;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:8952.71px;left:0px;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:8952.71px;left:823.67px;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:8952.71px;left:1342.54px;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:8952.71px;left:2077.41px;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:8952.71px;left:2903.96px;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:8952.71px;left:3185.24px;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:8952.71px;left:3499.48px;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:8952.71px;left:3828.43px;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:8952.71px;left:4444.75px;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:8952.71px;left:5798.16px;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:8952.71px;left:6171.44px;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:8952.71px;left:6465.03px;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:8952.71px;left:7146.14px;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:8952.71px;left:8082.29px;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:8952.71px;left:8269.01px;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:8952.71px;left:8544.52px;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:8952.71px;left:9368.19px;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:8952.71px;left:9887.07px;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:9144.71px;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:9144.71px;left:314.24px;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:9144.71px;left:735.2px;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:9144.71px;left:921.91px;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:9144.71px;left:1138.39px;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:9144.71px;left:1690.39px;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:9144.71px;left:2235.34px;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:9144.71px;left:2510.53px;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:9144.71px;left:2741.73px;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:9144.71px;left:3156.6px;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:9144.71px;left:3713.39px;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:9144.71px;left:4071.95px;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:9144.71px;left:4394.67px;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:9144.71px;left:4581.38px;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:9144.71px;left:4856.9px;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:9144.71px;left:5680.57px;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:9144.71px;left:6107.44px;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:9144.71px;left:6744.88px;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:9144.71px;left:7020.4px;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:9144.71px;left:7594.79px;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:9144.71px;left:7917.5px;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:9144.71px;left:8068.54px;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:9144.71px;left:8904.22px;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:9144.71px;left:9132.53px;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:9144.71px;left:9413.97px;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:9144.71px;left:9757.81px;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:9144.71px;left:10033.32px;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:9336.71px;left:0px;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:9336.71px;left:587.03px;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:9336.71px;left:909.75px;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:9336.71px;left:1096.46px;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:9336.71px;left:1371.98px;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:9336.71px;left:2195.65px;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:9336.71px;left:2622.53px;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:9336.71px;left:2906.84px;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:9336.71px;left:3235.8px;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:9336.71px;left:3464.12px;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:9336.71px;left:3739.63px;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:9336.71px;left:4530.02px;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:9336.71px;left:5104.41px;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:9336.71px;left:5465.84px;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:9336.71px;left:5694.16px;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:9336.71px;left:5969.68px;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:9336.71px;left:6627.27px;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:9336.71px;left:6941.51px;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:9336.71px;left:7578.95px;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:9336.71px;left:7854.46px;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:9336.71px;left:8406.46px;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:9336.71px;left:8951.41px;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:9336.71px;left:9727.56px;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:9336.71px;left:10163.07px;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:9528.71px;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:9528.71px;left:281.27px;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:9528.71px;left:467.99px;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:9528.71px;left:782.07px;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:9528.71px;left:1137.9px;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:9528.71px;left:1774.85px;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:9528.71px;left:2169.09px;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:9528.71px;left:2355.81px;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:9528.71px;left:2631.32px;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:9528.71px;left:3191px;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:9528.71px;left:3531.95px;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:9528.71px;left:3952.91px;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:9528.71px;left:4139.63px;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:9528.71px;left:4415.14px;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:9528.71px;left:5238.81px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:9864.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10056.71px;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:10248.71px;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:10248.71px;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:10248.71px;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:10248.71px;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:10248.71px;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:10248.71px;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:10248.71px;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:10584.71px;left:0px;white-space:nowrap">A&#160;Fund
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10584.71px;left:563.36px;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:10584.71px;left:904.31px;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:10584.71px;left:1473.27px;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:10584.71px;left:1689.75px;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:10584.71px;left:2241.74px;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:10584.71px;left:2786.69px;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:10584.71px;left:2958.53px;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:10584.71px;left:3086.05px;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:10584.71px;left:3912.44px;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:10584.71px;left:4389.56px;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:10584.71px;left:4525.55px;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:10584.71px;left:4736.27px;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:10584.71px;left:5384.74px;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:10584.71px;left:5601.22px;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:10584.71px;left:6424.89px;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:10584.71px;left:6851.76px;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:10584.71px;left:7174.48px;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:10584.71px;left:7310.47px;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:10584.71px;left:7722.47px;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:10584.71px;left:7914.94px;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:10584.71px;left:8042.46px;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:10584.71px;left:8413.02px;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:10584.71px;left:8797.97px;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:10584.71px;left:9381.65px;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:10584.71px;left:9601.01px;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:10584.71px;left:9728.53px;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:10584.71px;left:10101.48px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10776.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:10968.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11160.71px;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:11352.71px;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:11352.71px;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:11352.71px;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:11352.71px;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:11352.71px;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:11352.71px;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:11352.71px;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:11352.71px;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:11352.71px;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:11352.71px;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:11352.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11688.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:11880.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12072.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12264.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;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:12456.71px;left:10399.71px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:219px;left:0px;white-space:nowrap">NAN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:216px;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:160px;font-weight:bold;position:absolute;top:216px;left:5859.84px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:216px;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:160px;font-weight:bold;position:absolute;top:216px;left:7471.84px;white-space:nowrap">2</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:216px;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:160px;font-weight:bold;position:absolute;top:216px;left:9083.84px;white-space:nowrap">3</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:216px;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:160px;position:absolute;top:419.96px;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:160px;position:absolute;top:419.96px;left:813.59px;white-space:nowrap">Investments*:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:620.92px;left:360px;white-space:nowrap">Municipal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:620.92px;left:1115.03px;white-space:nowrap">Bonds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:620.92px;left:4467.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:620.92px;left:5899.2px;white-space:nowrap">&#8211;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:620.92px;left:6079.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:620.92px;left:6656.82px;white-space:nowrap">614,106,576</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:620.92px;left:7691.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:620.92px;left:9123.2px;white-space:nowrap">&#8211;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:620.92px;left:9281.4px;letter-spacing:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:620.92px;left:9708.82px;white-space:nowrap">614,106,576</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:853.88px;left:0px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:853.88px;left:4467.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:853.88px;left:5899.2px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:853.88px;left:6079.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:853.88px;left:6656.82px;white-space:nowrap">614,106,576
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:853.88px;left:7691.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:853.88px;left:9123.2px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:853.88px;left:9281.4px;letter-spacing:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:853.88px;left:9708.82px;white-space:nowrap">614,106,576
</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:20px;position:absolute;top:1086.84px;left:0px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1360.96px;left:0px;letter-spacing:-0.64px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1357.96px;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:160px;font-weight:bold;position:absolute;top:1357.96px;left:5859.84px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1357.96px;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:160px;font-weight:bold;position:absolute;top:1357.96px;left:7471.84px;white-space:nowrap">2</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1357.96px;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:160px;font-weight:bold;position:absolute;top:1357.96px;left:9083.84px;white-space:nowrap">3</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1357.96px;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:160px;position:absolute;top:1561.92px;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:160px;position:absolute;top:1561.92px;left:813.59px;white-space:nowrap">Investments*:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1762.88px;left:360px;white-space:nowrap">Municipal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1762.88px;left:1115.03px;white-space:nowrap">Bonds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1762.88px;left:4467.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1762.88px;left:5899.2px;white-space:nowrap">&#8211;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1762.88px;left:6079.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1762.88px;left:6522.42px;letter-spacing:0px;white-space:nowrap">1,686,508,608</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1762.88px;left:7691.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1762.88px;left:9123.2px;white-space:nowrap">&#8211;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1762.88px;left:9281.4px;letter-spacing:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1762.88px;left:9574.42px;white-space:nowrap">1,686,508,608</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1995.84px;left:0px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1995.84px;left:4467.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1995.84px;left:5899.2px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1995.84px;left:6079.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1995.84px;left:6522.42px;letter-spacing:0px;white-space:nowrap">1,686,508,608
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1995.84px;left:7691.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1995.84px;left:9123.2px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1995.84px;left:9281.4px;letter-spacing:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1995.84px;left:9574.42px;white-space:nowrap">1,686,508,608
</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:20px;position:absolute;top:2228.8px;left:0px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2502.91px;left:0px;letter-spacing:-1.28px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2499.91px;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:160px;font-weight:bold;position:absolute;top:2499.91px;left:5859.84px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2499.91px;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:160px;font-weight:bold;position:absolute;top:2499.91px;left:7471.84px;white-space:nowrap">2</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2499.91px;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:160px;font-weight:bold;position:absolute;top:2499.91px;left:9083.84px;white-space:nowrap">3</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2499.91px;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:160px;position:absolute;top:2703.87px;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:160px;position:absolute;top:2703.87px;left:813.59px;white-space:nowrap">Investments*:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2904.83px;left:360px;white-space:nowrap">Municipal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2904.83px;left:1115.03px;white-space:nowrap">Bonds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2904.83px;left:4467.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2904.83px;left:5899.2px;white-space:nowrap">&#8211;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2904.83px;left:6079.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2904.83px;left:6656.82px;white-space:nowrap">166,729,344</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2904.83px;left:7691.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2904.83px;left:9123.2px;white-space:nowrap">&#8211;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2904.83px;left:9281.4px;letter-spacing:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2904.83px;left:9708.82px;white-space:nowrap">166,729,344</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3137.79px;left:0px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3137.79px;left:4467.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3137.79px;left:5899.2px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3137.79px;left:6079.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3137.79px;left:6656.82px;white-space:nowrap">166,729,344
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3137.79px;left:7691.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3137.79px;left:9123.2px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3137.79px;left:9281.4px;letter-spacing:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3137.79px;left:9708.82px;white-space:nowrap">166,729,344
</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:20px;position:absolute;top:3370.75px;left:0px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3644.87px;left:0px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3641.87px;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:160px;font-weight:bold;position:absolute;top:3641.87px;left:5859.84px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3641.87px;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:160px;font-weight:bold;position:absolute;top:3641.87px;left:7471.84px;white-space:nowrap">2</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3641.87px;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:160px;font-weight:bold;position:absolute;top:3641.87px;left:9083.84px;white-space:nowrap">3</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3641.87px;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:160px;position:absolute;top:3845.83px;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:160px;position:absolute;top:3845.83px;left:813.59px;white-space:nowrap">Investments*:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4046.79px;left:360px;white-space:nowrap">Municipal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4046.79px;left:1115.03px;white-space:nowrap">Bonds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4046.79px;left:4467.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4046.79px;left:5899.2px;white-space:nowrap">&#8211;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4046.79px;left:6079.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4046.79px;left:6749.62px;white-space:nowrap">49,219,723</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4046.79px;left:7691.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4046.79px;left:9123.2px;white-space:nowrap">&#8211;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4046.79px;left:9281.4px;letter-spacing:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4046.79px;left:9801.62px;white-space:nowrap">49,219,723</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4279.75px;left:0px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4279.75px;left:4467.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4279.75px;left:5899.2px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4279.75px;left:6079.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4279.75px;left:6749.62px;white-space:nowrap">49,219,723
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4279.75px;left:7691.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4279.75px;left:9123.2px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4279.75px;left:9281.4px;letter-spacing:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4279.75px;left:9801.62px;white-space:nowrap">49,219,723
</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:20px;position:absolute;top:4512.71px;left:0px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.83px;left:0px;white-space:nowrap">*
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.83px;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:4831.83px;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:4831.83px;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:4831.83px;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:4831.83px;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:4831.83px;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:4831.83px;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:4831.83px;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:4831.83px;left:3265.33px;white-space:nowrap">industry
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.83px;left:3812.44px;text-rendering:optimizeLegibility;letter-spacing:-0.35px;white-space:nowrap">classifications.</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,[encoded data, 11844 characters]);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">&#8220;Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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: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">holders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;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:576px;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:576px;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:576px;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:576px;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:576px;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:576px;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:576px;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:576px;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:576px;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:576px;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:576px;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:576px;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:576px;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:576px;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:576px;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:576px;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:576px;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:576px;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:576px;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:576px;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:576px;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:768px;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:768px;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:768px;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:768px;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:768px;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:768px;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:768px;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:768px;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:768px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1104px;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:1296px;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:1296px;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:1296px;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:1296px;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:1296px;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:1296px;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:1296px;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:1296px;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:1296px;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:1296px;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:1296px;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:1296px;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:1296px;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:1296px;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:1296px;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:1296px;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:1296px;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:1296px;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:1296px;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:1296px;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:1296px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1488px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:1872px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2064px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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: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">cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;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:2592px;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:2592px;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:2592px;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:2592px;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:2592px;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:2592px;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:2592px;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:2592px;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:2592px;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:2592px;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:2592px;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:2592px;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:2592px;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:2592px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:2928px;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:3120px;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:3120px;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:3120px;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:3120px;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:3120px;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:3120px;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:5889.24px;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:5889.24px;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:5889.24px;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:5889.24px;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:5889.24px;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:5889.24px;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:5889.24px;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:5889.24px;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:5889.24px;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:5889.24px;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:5889.24px;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:5889.24px;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:5889.24px;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:5889.24px;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:5889.24px;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:5889.24px;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:5889.24px;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:5889.24px;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:5889.24px;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:5889.24px;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:5889.24px;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:6081.24px;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:6081.24px;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:6081.24px;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:6081.24px;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:6081.24px;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:6081.24px;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:6081.24px;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:6081.24px;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:6081.24px;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:6081.24px;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:6081.24px;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:6081.24px;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:6081.24px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8586.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8778.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:8970.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9162.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9354.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;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:9546.47px;left:9573.49px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:9882.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10074.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10266.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10458.47px;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:10650.47px;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:10650.47px;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:10650.47px;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:10650.47px;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:10650.47px;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:10650.47px;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:10650.47px;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:10650.47px;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:10650.47px;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:10650.47px;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:10650.47px;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:10650.47px;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:10650.47px;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:10650.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:10986.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11178.47px;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:11370.47px;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:11370.47px;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:11370.47px;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:11370.47px;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:11370.47px;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:11370.47px;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:11370.47px;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:11370.47px;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:11370.47px;left:4076.43px;white-space:nowrap">any&#160;such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;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:11706.47px;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:11706.47px;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:11706.47px;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:11706.47px;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:11706.47px;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:11706.47px;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:11706.47px;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:11706.47px;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:11706.47px;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:11706.47px;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:11706.47px;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:11706.47px;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:11706.47px;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:11706.47px;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:11706.47px;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:11706.47px;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:11706.47px;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:11706.47px;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:11706.47px;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:11706.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:11898.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12090.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12282.47px;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:12474.47px;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:12474.47px;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:12474.47px;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:12474.47px;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:12474.47px;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:12474.47px;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:12474.47px;left:2533.09px;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:12474.47px;left:3016.12px;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:12474.47px;left:3448.76px;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:12474.47px;left:4382.19px;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:12474.47px;left:4509.71px;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:12474.47px;left:5010.83px;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:12474.47px;left:5691.94px;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:12474.47px;left:6391.45px;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:12474.47px;left:6583.93px;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:12474.47px;left:7055.12px;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:12474.47px;left:7600.07px;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:12474.47px;left:7792.55px;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:12474.47px;left:7985.02px;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:12474.47px;left:8213.34px;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:12474.47px;left:8429.82px;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:12474.47px;left:8981.82px;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:12474.47px;left:9526.77px;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:12474.47px;left:9867.72px;letter-spacing:-0.32px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:4160.08px;left:0px;letter-spacing:-1.47px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3536.96px;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:160px;font-weight:bold;position:absolute;top:3536.96px;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:160px;font-weight:bold;position:absolute;top:3728.96px;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:160px;font-weight:bold;position:absolute;top:3728.96px;left:6679.21px;white-space:nowrap">Self-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3920.96px;left:6218.73px;white-space:nowrap">Deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4112.96px;left:5793.78px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4112.96px;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:160px;font-weight:bold;position:absolute;top:3536.96px;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:160px;font-weight:bold;position:absolute;top:3536.96px;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:160px;font-weight:bold;position:absolute;top:3728.96px;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:160px;font-weight:bold;position:absolute;top:3920.96px;left:7180.99px;white-space:nowrap">Externally-Deposited</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4112.96px;left:7593.78px;white-space:nowrap">Inverse
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4112.96px;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:160px;font-weight:bold;position:absolute;top:4112.96px;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:140px;font-weight:bold;position:absolute;top:4475.4px;left:0px;white-space:nowrap">NAN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4428.28px;left:5227.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4428.28px;left:6111.62px;white-space:nowrap">25,825,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4428.28px;left:7027.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4428.28px;left:7911.62px;white-space:nowrap">13,950,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4428.28px;left:8827.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4428.28px;left:9711.62px;white-space:nowrap">39,775,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:4785.72px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4738.6px;left:6111.62px;white-space:nowrap">33,480,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4738.6px;left:8641.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4738.6px;left:9711.62px;white-space:nowrap">33,480,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:5096.04px;left:0px;letter-spacing:-1.12px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5048.92px;left:6841.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5048.92px;left:8641.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5048.92px;left:10441.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:5406.36px;left:0px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5359.24px;left:6841.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5359.24px;left:8641.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5359.24px;left:10441.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6929.31px;left:0px;letter-spacing:-1.47px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6498.19px;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:160px;font-weight:bold;position:absolute;top:6498.19px;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:160px;font-weight:bold;position:absolute;top:6690.19px;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:160px;font-weight:bold;position:absolute;top:6690.19px;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:160px;font-weight:bold;position:absolute;top:6882.19px;left:7852.65px;white-space:nowrap">Outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6498.19px;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:160px;font-weight:bold;position:absolute;top:6498.19px;left:10076.97px;white-space:nowrap">Annual</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6690.19px;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:160px;font-weight:bold;position:absolute;top:6690.19px;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:160px;font-weight:bold;position:absolute;top:6882.19px;left:9916.01px;white-space:nowrap">And
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6882.19px;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:140px;font-weight:bold;position:absolute;top:7244.63px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7197.51px;left:7027.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7197.51px;left:7911.62px;white-space:nowrap">25,825,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7197.51px;left:10173.93px;white-space:nowrap">2.06</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7197.51px;left:10493.92px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7554.95px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NRK</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7507.83px;left:7911.62px;white-space:nowrap">32,134,795
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7507.83px;left:10307.21px;white-space:nowrap">2.14</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7865.27px;left:0px;letter-spacing:-1.12px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7818.15px;left:8641.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7818.15px;left:10531.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8175.59px;left:0px;white-space:nowrap">NXN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.47px;left:8641.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8128.47px;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: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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4429.43px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11776 characters]);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">beyond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:589.91px;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:0px;left:865.43px;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:0px;left:1286.39px;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:0px;left:1473.11px;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:1748.62px;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:0px;left:2300.62px;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:2845.57px;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:0px;left:3041.25px;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:0px;left:3168.77px;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:0px;left:3577.89px;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:3918.84px;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:0px;left:4715.47px;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:4946.67px;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:0px;left:5376.1px;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:0px;left:5568.58px;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:0px;left:5950.49px;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:6154.8px;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:0px;left:6812.72px;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:0px;left:7254.31px;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:0px;left:7446.79px;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:8021.5px;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:0px;left:8208.22px;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:0px;left:8483.73px;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:0px;left:9096.84px;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:0px;left:9289.32px;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:9564.84px;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:0px;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:192px;left:666.55px;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:986.87px;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:1354.55px;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:192px;left:1964.45px;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:2554.21px;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:192px;left:2726.04px;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:3001.56px;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:192px;left:3786.67px;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:192px;left:3937.71px;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:192px;left:4773.38px;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:4969.06px;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:192px;left:5849.21px;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:192px;left:6791.28px;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:192px;left:7019.6px;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:192px;left:7719.11px;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:192px;left:8255.26px;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:8483.58px;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:8759.1px;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:192px;left:9538.13px;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:192px;left:9724.85px;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:10225.64px;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:384px;left:0px;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:720px;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:720px;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:720px;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:720px;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:720px;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:720px;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:720px;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:720px;left:2174.69px;white-space:nowrap">period,&#160;each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:3117.08px;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:720px;left:3635.96px;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:720px;left:4376.91px;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:720px;left:5076.43px;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:720px;left:5268.9px;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:720px;left:5544.42px;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:720px;left:6157.53px;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:720px;left:6652.4px;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:720px;left:6871.76px;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:720px;left:7571.27px;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:720px;left:8024.39px;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:720px;left:8264.22px;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:720px;left:9330.61px;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:9882.6px;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:912px;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:912px;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:912px;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:912px;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:912px;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:912px;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:912px;left:3499.79px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3599.64px;left:0px;letter-spacing:-0.58px;white-space:nowrap">Zero
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3599.64px;left:367.52px;white-space:nowrap">Coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3599.64px;left:990.07px;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:3945.24px;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:3945.24px;left:154.24px;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:3945.24px;left:500.95px;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:3945.24px;left:1087.99px;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:3945.24px;left:1677.42px;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:3945.24px;left:2071.66px;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:3945.24px;left:2353.09px;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:3945.24px;left:2655.49px;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:3945.24px;left:2783.01px;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:3945.24px;left:3327.96px;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:3945.24px;left:3902.35px;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:3945.24px;left:4489.39px;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:3945.24px;left:4681.86px;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:3945.24px;left:4886.02px;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:3945.24px;left:5460.73px;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:3945.24px;left:5970.16px;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:3945.24px;left:6245.68px;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:3945.24px;left:6503.28px;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:3945.24px;left:6689.99px;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:3945.24px;left:6965.51px;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:3945.24px;left:7584.7px;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:3945.24px;left:8157.66px;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:3945.24px;left:8350.13px;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:3945.24px;left:8625.65px;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:3945.24px;left:9132.2px;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:3945.24px;left:9318.92px;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:3945.24px;left:9594.44px;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:4137.24px;left:0px;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:4137.24px;left:509.91px;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:4137.24px;left:883.19px;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:4137.24px;left:1579.5px;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:4137.24px;left:1766.22px;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:4137.24px;left:2041.73px;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:4137.24px;left:2797.41px;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:4137.24px;left:3464.12px;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:4137.24px;left:3739.64px;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:4137.24px;left:4317.07px;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:4137.24px;left:5004.74px;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:4137.24px;left:5404.58px;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:4137.24px;left:5591.29px;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:4137.24px;left:5866.81px;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:4137.24px;left:6456.24px;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:4137.24px;left:6636.88px;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:4137.24px;left:7283.12px;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:4137.24px;left:7597.35px;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:4137.24px;left:7872.87px;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:4137.24px;left:8151.27px;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:4137.24px;left:8572.22px;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:4137.24px;left:8758.94px;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:4137.24px;left:9034.46px;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:4137.24px;left:9623.89px;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:4137.24px;left:9804.53px;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:4329.24px;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:4329.24px;left:314.24px;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:4329.24px;left:465.28px;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:4329.24px;left:1229.75px;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:4329.24px;left:1591.18px;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:4329.24px;left:1771.82px;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:4329.24px;left:2429.25px;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:4329.24px;left:2743.49px;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:4329.24px;left:3279.64px;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:4329.24px;left:3747.63px;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:4329.24px;left:3934.35px;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:4329.24px;left:4281.06px;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:4329.24px;left:4868.1px;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:4329.24px;left:5575.93px;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:4329.24px;left:6275.12px;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:4329.24px;left:6541.84px;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:4329.24px;left:6956.71px;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:4329.24px;left:7513.5px;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:4329.24px;left:7872.06px;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:4329.24px;left:8147.58px;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:4329.24px;left:8683.73px;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:4329.24px;left:9151.72px;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:4329.24px;left:9338.44px;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:4329.24px;left:10046.27px;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:4329.24px;left:10368.98px;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:4521.24px;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:4521.24px;left:574.39px;letter-spacing:-1.13px;white-space:nowrap">periodically.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:4847.64px;left:0px;white-space:nowrap">Investment
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:4847.64px;left:830.39px;letter-spacing:-1.23px;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:5193.24px;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:5193.24px;left:793.75px;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:5193.24px;left:1549.58px;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:5193.24px;left:1863.82px;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:5193.24px;left:2255.02px;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:5193.24px;left:2995.81px;white-space:nowrap">maturities)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5193.24px;left:3783.47px;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:5193.24px;left:4292.91px;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:5193.24px;left:4568.43px;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:5193.24px;left:5113.38px;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:5193.24px;left:5510.49px;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:5193.24px;left:6025.84px;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:5193.24px;left:6414px;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:5193.24px;left:6609.68px;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:7077.03px;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:7077.03px;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:7077.03px;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:7077.03px;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:7077.03px;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:7077.03px;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:7077.03px;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:7077.03px;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:7077.03px;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:7077.03px;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:7077.03px;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:7077.03px;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:7077.03px;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:7077.03px;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:7077.03px;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:7077.03px;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:7077.03px;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:7077.03px;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:7077.03px;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:7077.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7269.03px;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:7461.03px;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:7461.03px;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:7461.03px;left:802.55px;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:7461.03px;left:1362.38px;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:7461.03px;left:1676.62px;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:7461.03px;left:2153.9px;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:7461.03px;left:2536.46px;letter-spacing:0.29px;white-space:nowrap">earmarked
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7461.03px;left:3345.24px;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:7461.03px;left:4053.07px;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:7461.03px;left:4224.91px;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:7461.03px;left:4591.95px;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:7461.03px;left:5317.37px;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:7461.03px;left:5657.84px;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:7461.03px;left:5785.36px;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:7461.03px;left:6330.31px;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:7461.03px;left:6751.27px;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:7461.03px;left:6931.91px;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:7461.03px;left:7308.06px;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:7461.03px;left:7749.66px;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:7461.03px;left:7942.14px;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:7461.03px;left:8217.65px;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:7461.03px;left:8807.41px;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:7461.03px;left:8994.12px;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:7461.03px;left:9269.64px;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:7653.03px;left:0px;white-space:nowrap">delayed
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7653.03px;left:616.47px;white-space:nowrap">delivery
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7653.03px;left:1220.79px;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:7653.03px;left:1908.46px;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:7653.03px;left:2969.09px;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:7653.03px;left:3103.16px;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:7653.03px;left:3230.68px;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:7653.03px;left:3639.8px;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:7653.03px;left:3924.44px;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:7653.03px;left:4822.03px;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:7653.03px;left:6996.88px;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:7653.03px;left:7752.72px;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:7653.03px;left:8768.86px;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:7653.03px;left:8964.54px;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:7653.03px;left:9151.26px;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:7653.03px;left:9426.78px;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:7653.03px;left:9746.94px;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:7653.03px;left:9933.65px;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:7845.03px;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:7845.03px;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:7845.03px;left:1267.5px;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:7845.03px;left:1635.18px;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:7845.03px;left:2293.09px;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:7845.03px;left:2559.81px;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:7845.03px;left:3395.48px;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:7845.03px;left:3623.8px;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:7845.03px;left:3899.32px;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:7845.03px;left:4678.35px;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:7845.03px;left:4865.06px;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:7845.03px;left:5365.86px;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:7845.03px;left:5680.1px;white-space:nowrap">Liabilities.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:8179.75px;left:0px;white-space:nowrap">Investments
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:8179.75px;left:947.98px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:8179.75px;left:1128.78px;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:8517.03px;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:8517.03px;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:8517.03px;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:8517.03px;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:8517.03px;left:1280.46px;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:8517.03px;left:1828.62px;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:8517.03px;left:2415.17px;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:8517.03px;left:2737.88px;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:8517.03px;left:3445.71px;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:8517.03px;left:3617.55px;white-space:nowrap">which&#160;each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8517.03px;left:4453.54px;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:8517.03px;left:4862.66px;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:8517.03px;left:5203.62px;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:8517.03px;left:5707.29px;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:8517.03px;left:6160.73px;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:8517.03px;left:6427.45px;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:8517.03px;left:7263.12px;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:8517.03px;left:7920.38px;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:8517.03px;left:8628.21px;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:8517.03px;left:8868.04px;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:8517.03px;left:9496.36px;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:8709.03px;left:0px;white-space:nowrap">purposes,&#160;each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8709.03px;left:1129.27px;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:8709.03px;left:1538.39px;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:8709.03px;left:1689.43px;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:8709.03px;left:2489.26px;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:8709.03px;left:2681.73px;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:8709.03px;left:3140.93px;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:8709.03px;left:3312.76px;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:8709.03px;left:3839.96px;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:8709.03px;left:4263.47px;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:8709.03px;left:5003.94px;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:8709.03px;left:5874.65px;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:8709.03px;left:6242.32px;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:8709.03px;left:6438px;letter-spacing:-0.32px;white-space:nowrap">futures,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8709.03px;left:7012.72px;white-space:nowrap">options
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8709.03px;left:7593.35px;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:8709.03px;left:7907.59px;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:8709.03px;left:8316.54px;white-space:nowrap">contracts.&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8709.03px;left:9098.61px;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:8709.03px;left:9487.08px;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:8709.03px;left:9896.2px;white-space:nowrap">limits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8709.03px;left:10313.47px;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:8901.03px;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:8901.03px;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:8901.03px;left:1066.55px;letter-spacing:-0.32px;white-space:nowrap">futures,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8901.03px;left:1641.26px;white-space:nowrap">options
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8901.03px;left:2221.89px;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:8901.03px;left:2450.21px;letter-spacing:-0.36px;white-space:nowrap">futures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8901.03px;left:2980.44px;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:8901.03px;left:3294.68px;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:8901.03px;left:3703.64px;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:8901.03px;left:4396.75px;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:8901.03px;left:4589.22px;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:8901.03px;left:4864.74px;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:8901.03px;left:5359.45px;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:8901.03px;left:6097.53px;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:8901.03px;left:6337.36px;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:8901.03px;left:6612.88px;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:8901.03px;left:7190.63px;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:8901.03px;left:7383.11px;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:8901.03px;left:7800.86px;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:8901.03px;left:8076.38px;white-space:nowrap">exclusion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8901.03px;left:8781.81px;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:8901.03px;left:9155.08px;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:8901.03px;left:10007.71px;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:8901.03px;left:10227.07px;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:9093.03px;left:0px;letter-spacing:-0.16px;white-space:nowrap">Commodity&#160;Futures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9093.03px;left:1457.74px;letter-spacing:-1.84px;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:9093.03px;left:2038.37px;white-space:nowrap">Commission
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9093.03px;left:2959.96px;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:9093.03px;left:3155.64px;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:9093.03px;left:3283.16px;white-space:nowrap">commodity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9093.03px;left:4133.54px;white-space:nowrap">pool
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9093.03px;left:4503.94px;white-space:nowrap">operator
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9093.03px;left:5167.29px;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:9093.03px;left:5507.76px;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:9093.03px;left:6076.55px;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:9093.03px;left:6269.03px;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:9093.03px;left:6544.55px;white-space:nowrap">Fund.&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9093.03px;left:7042.62px;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:9093.03px;left:7356.86px;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:9093.03px;left:7834.14px;letter-spacing:-0.82px;white-space:nowrap">record
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9093.03px;left:8337.81px;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:9093.03px;left:9078.28px;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:9093.03px;left:9948.99px;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:9093.03px;left:10129.63px;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:9285.03px;left:0px;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:9285.03px;left:465.44px;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:9285.03px;left:805.91px;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:9285.03px;left:1443.35px;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:9285.03px;left:1615.19px;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:9285.03px;left:1881.58px;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:9285.03px;left:2302.54px;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:9285.03px;left:3138.21px;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:9285.03px;left:3366.53px;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:9285.03px;left:3642.04px;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:9285.03px;left:4421.07px;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:9285.03px;left:4607.79px;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:9285.03px;left:5496.58px;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:9285.03px;left:5973.7px;white-space:nowrap">applicable.&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9285.03px;left:6847.77px;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:9285.03px;left:7242.16px;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:9285.03px;left:7799.28px;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:9285.03px;left:8074.79px;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:9285.03px;left:8593.67px;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:9285.03px;left:9488.38px;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:9285.03px;left:9660.22px;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:9477.03px;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:9477.03px;left:340.96px;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:9477.03px;left:1060.79px;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:9477.03px;left:1801.9px;white-space:nowrap">hedges,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9477.03px;left:2421.42px;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:9477.03px;left:2774.06px;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:9477.03px;left:3040.77px;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:9477.03px;left:3322.21px;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:9477.03px;left:4157.88px;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:9477.03px;left:4350.36px;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:9477.03px;left:4581.56px;white-space:nowrap">hedge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9477.03px;left:5088.43px;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:9477.03px;left:5982.98px;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:9477.03px;left:6222.81px;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:9477.03px;left:6851.13px;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:9477.03px;left:7558.79px;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:9813.03px;left:0px;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:9813.03px;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:9813.03px;left:980.79px;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:9813.03px;left:1458.07px;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:9813.03px;left:1724.79px;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:9813.03px;left:2524.61px;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:9813.03px;left:2717.09px;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:9813.03px;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:9813.03px;left:3348.12px;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:9813.03px;left:4088.59px;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:9813.03px;left:4959.3px;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:9813.03px;left:5273.54px;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:9813.03px;left:5614.49px;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:9813.03px;left:5851.61px;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:9813.03px;left:6059.13px;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:9813.03px;left:6230.97px;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:9813.03px;left:6506.48px;letter-spacing:-0.22px;white-space:nowrap">future,&#160;they
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9813.03px;left:7365.68px;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:9813.03px;left:7644.07px;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:9813.03px;left:7925.51px;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:9813.03px;left:8355.42px;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:9813.03px;left:8649.02px;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:9813.03px;left:9016.7px;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:9813.03px;left:9911.41px;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:10005.03px;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:10005.03px;left:275.52px;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:10005.03px;left:820.47px;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:10005.03px;left:1217.59px;white-space:nowrap">period.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:10331.43px;left:0px;white-space:nowrap">Market
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:10331.43px;left:542.23px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:10331.43px;left:856.47px;white-space:nowrap">Counterparty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:10331.43px;left:1845.74px;letter-spacing:-0.41px;white-space:nowrap">Credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:10331.43px;left:2331.33px;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:10677.03px;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:10677.03px;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:10677.03px;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:10677.03px;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:10677.03px;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:10677.03px;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:10677.03px;left:2347.65px;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:10677.03px;left:2730.21px;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:10677.03px;left:3139.33px;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:10677.03px;left:3480.29px;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:10677.03px;left:3939.48px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10677.03px;left:4111.32px;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:10677.03px;left:4739.63px;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:10677.03px;left:5610.34px;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:10677.03px;left:5924.58px;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:10677.03px;left:6342.17px;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:10677.03px;left:6662.01px;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:10677.03px;left:7290.32px;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:10677.03px;left:8184.87px;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:10677.03px;left:8661.98px;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:10677.03px;left:8943.26px;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:10677.03px;left:9129.97px;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:10677.03px;left:9811.08px;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:10677.03px;left:10125.16px;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:10869.03px;left:0px;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:10869.03px;left:320.16px;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:10869.03px;left:512.63px;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:10869.03px;left:1150.07px;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:10869.03px;left:1321.91px;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:10869.03px;left:1597.43px;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:10869.03px;left:2133.58px;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:10869.03px;left:2711.33px;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:10869.03px;left:3034.2px;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:10869.03px;left:3226.68px;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:10869.03px;left:3706.51px;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:10869.03px;left:3893.23px;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:10869.03px;left:4168.75px;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:10869.03px;left:4592.26px;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:10869.03px;left:5000.89px;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:10869.03px;left:5193.37px;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:10869.03px;left:5468.89px;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:10869.03px;left:6295.27px;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:10869.03px;left:6487.75px;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:10869.03px;left:7106.62px;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:10869.03px;left:8101.96px;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:10869.03px;left:8552.03px;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:10869.03px;left:8919.39px;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:10869.03px;left:9233.63px;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:10869.03px;left:9914.73px;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:10869.03px;left:10228.81px;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:11061.03px;left:0px;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:11061.03px;left:563.36px;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:11061.03px;left:838.87px;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:11061.03px;left:1259.83px;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:11061.03px;left:1446.55px;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:11061.03px;left:1722.07px;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:11061.03px;left:2350.38px;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:11061.03px;left:2824.45px;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:11061.03px;left:3514.85px;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:11061.03px;left:3743.16px;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:11061.03px;left:4018.68px;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:11061.03px;left:4646.99px;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:11061.03px;left:5517.86px;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:11061.03px;left:6187.62px;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:11061.03px;left:6706.17px;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:11061.03px;left:7159.61px;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:11061.03px;left:7956.23px;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:11061.03px;left:8516.55px;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:11061.03px;left:8899.11px;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:11061.03px;left:9308.23px;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:11061.03px;left:9500.7px;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:11253.03px;left:0px;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:11253.03px;left:450.07px;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:11253.03px;left:775.83px;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:11253.03px;left:1309.1px;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:11253.03px;left:2082.05px;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:11253.03px;left:2268.76px;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:11253.03px;left:2630.52px;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:11253.03px;left:2950.68px;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:11253.03px;left:3323.95px;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:11253.03px;left:4396.1px;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:11253.03px;left:4624.41px;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:11253.03px;left:5255.28px;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:11253.03px;left:5767.75px;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:11253.03px;left:6081.99px;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:11253.03px;left:6490.95px;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:11253.03px;left:7429.97px;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:11253.03px;left:7856.85px;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:11253.03px;left:8686.44px;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:11253.03px;left:9000.68px;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:11253.03px;left:9495.39px;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:11253.03px;left:9682.11px;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:11253.03px;left:10064.67px;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:11445.03px;left:0px;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:11445.03px;left:699.51px;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:11445.03px;left:891.99px;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:11445.03px;left:1845.73px;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:11445.03px;left:2295.81px;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:11445.03px;left:2577.08px;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:11445.03px;left:2748.92px;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:11445.03px;left:3317.71px;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:11445.03px;left:3510.19px;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:11445.03px;left:3942.83px;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:11445.03px;left:4571.14px;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:11445.03px;left:5045.21px;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:11445.03px;left:6058.48px;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:11445.03px;left:6425.52px;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:11445.03px;left:7038.63px;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:11445.03px;left:7459.58px;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:11445.03px;left:7655.26px;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:11445.03px;left:8345.65px;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:11445.03px;left:8573.97px;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:11445.03px;left:8849.49px;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:11445.03px;left:9628.52px;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:11445.03px;left:9815.24px;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:11445.03px;left:10316.03px;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:11637.03px;left:0px;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:11973.03px;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:11973.03px;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:11973.03px;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:11973.03px;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:11973.03px;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:11973.03px;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:11973.03px;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:11973.03px;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:11973.03px;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:11973.03px;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:11973.03px;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:11973.03px;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:11973.03px;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:11973.03px;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:11973.03px;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:11973.03px;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:11973.03px;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:11973.03px;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:11973.03px;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:11973.03px;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:12165.03px;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:12165.03px;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:12165.03px;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:12165.03px;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:12165.03px;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:12165.03px;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:12165.03px;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:12165.03px;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:12165.03px;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:12165.03px;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:12165.03px;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:12165.03px;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:12165.03px;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:12165.03px;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:12165.03px;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:12165.03px;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:12165.03px;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:12165.03px;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:12165.03px;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:12165.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;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:12357.03px;left:9974.12px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1952.08px;left:0px;letter-spacing:-1.47px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1328.96px;left:5479.53px;white-space:nowrap">Maximum
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1328.96px;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:160px;font-weight:bold;position:absolute;top:1520.96px;left:5572.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1520.96px;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:160px;font-weight:bold;position:absolute;top:1520.96px;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:160px;font-weight:bold;position:absolute;top:1712.96px;left:5870.74px;white-space:nowrap">Self-Deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1904.96px;left:5793.78px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1904.96px;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:160px;font-weight:bold;position:absolute;top:1328.96px;left:7279.53px;white-space:nowrap">Maximum
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1328.96px;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:160px;font-weight:bold;position:absolute;top:1520.96px;left:7372.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1520.96px;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:160px;font-weight:bold;position:absolute;top:1520.96px;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:160px;font-weight:bold;position:absolute;top:1712.96px;left:7180.99px;white-space:nowrap">Externally-Deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1904.96px;left:7593.78px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1904.96px;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:160px;font-weight:bold;position:absolute;top:1904.96px;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:140px;font-weight:bold;position:absolute;top:2267.4px;left:0px;white-space:nowrap">NAN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2220.28px;left:5227.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2220.28px;left:6111.62px;white-space:nowrap">25,825,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2220.28px;left:7027.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2220.28px;left:7911.62px;white-space:nowrap">13,950,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2220.28px;left:8827.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2220.28px;left:9711.62px;white-space:nowrap">39,775,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2577.72px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2530.6px;left:6111.62px;white-space:nowrap">33,480,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2530.6px;left:8641.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2530.6px;left:9711.62px;white-space:nowrap">33,480,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2888.04px;left:0px;letter-spacing:-1.12px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2840.92px;left:6841.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2840.92px;left:8641.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2840.92px;left:10441.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3198.36px;left:0px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3151.24px;left:6841.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3151.24px;left:8641.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3151.24px;left:10441.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5834.19px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5802.19px;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:160px;font-weight:bold;position:absolute;top:5610.19px;left:9889.13px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5610.19px;left:10332.8px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5802.19px;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:140px;font-weight:bold;position:absolute;top:6087.27px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6040.15px;left:7747.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6040.15px;left:8196.82px;letter-spacing:0px;white-space:nowrap">467,800,344
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6040.15px;left:9187.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6040.15px;left:9636.82px;letter-spacing:0px;white-space:nowrap">481,691,227
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6320.23px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NRK</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6273.11px;left:8062.42px;letter-spacing:0px;white-space:nowrap">1,240,730,383
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6273.11px;left:9502.42px;letter-spacing:0px;white-space:nowrap">1,332,414,805</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6553.19px;left:0px;letter-spacing:-1.12px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.07px;left:8196.82px;letter-spacing:0px;white-space:nowrap">121,215,442</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6506.07px;left:9636.82px;letter-spacing:0px;white-space:nowrap">116,193,032
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6786.15px;left:0px;white-space:nowrap">NXN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6739.03px;left:8289.62px;letter-spacing:0px;white-space:nowrap">33,454,388
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6739.03px;left:9729.62px;letter-spacing:0px;white-space:nowrap">30,468,715</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,[encoded data, 12100 characters]);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">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:576px;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:576px;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:576px;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:576px;left:832.31px;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:576px;left:1948.94px;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:576px;left:2662.85px;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:936.88px;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:936.88px;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:936.88px;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:160px;font-style:italic;position:absolute;top:1646.4px;left:0px;letter-spacing:-0.22px;white-space:nowrap">Common&#160;Share
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:1646.4px;left:1153.11px;letter-spacing:-1.23px;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:1992px;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:1992px;left:918.55px;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:1992px;left:1763.34px;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:1992px;left:2255.33px;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:1992px;left:2495.17px;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:1992px;left:2770.69px;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:1992px;left:3247.96px;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:1992px;left:3757.4px;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:1992px;left:4032.92px;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:1992px;left:4551.79px;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:1992px;left:5096.75px;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:1992px;left:5410.98px;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:1992px;left:5792.73px;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:1992px;left:6189.85px;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:1992px;left:6749.68px;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:1992px;left:7226.8px;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:1992px;left:8056.39px;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:1992px;left:8444.54px;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:1992px;left:8640.22px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3408.88px;left:0px;letter-spacing:-0.58px;white-space:nowrap">Preferred
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3408.88px;left:701.91px;letter-spacing:-0.48px;white-space:nowrap">Shares</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3744.88px;left:0px;white-space:nowrap">Adjustable
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3744.88px;left:808.79px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3744.88px;left:1173.26px;white-space:nowrap">MuniFund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3744.88px;left:1941.1px;letter-spacing:-2.98px;white-space:nowrap">Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3744.88px;left:2340.94px;letter-spacing:-0.58px;white-space:nowrap">Preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:3744.88px;left:3042.85px;letter-spacing:-0.48px;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:4090.48px;left:0px;white-space:nowrap">NAN
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4090.48px;left:403.2px;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:4090.48px;left:687.84px;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:4090.48px;left:1182.71px;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:4090.48px;left:1496.95px;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:4090.48px;left:1781.59px;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:4090.48px;left:2679.18px;white-space:nowrap">Adjustable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4090.48px;left:3487.97px;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:4090.48px;left:3852.44px;white-space:nowrap">MuniFund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4090.48px;left:4620.28px;letter-spacing:-2.98px;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:4090.48px;left:5020.11px;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:4090.48px;left:5722.02px;white-space:nowrap">(&#8220;AMTP&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4090.48px;left:6451.62px;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:4090.48px;left:7008.89px;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:4090.48px;left:7349.37px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4090.48px;left:7476.89px;white-space:nowrap">$100,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4090.48px;left:8188.57px;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:4090.48px;left:8991.11px;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:4090.48px;left:9803.11px;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:4090.48px;left:10087.42px;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:4282.48px;left:0px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4282.48px;left:480.31px;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:4282.48px;left:993.11px;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:4282.48px;left:1259.83px;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:4282.48px;left:1754.71px;white-space:nowrap">via
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4282.48px;left:1997.74px;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:4282.48px;left:2533.74px;white-space:nowrap">placement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4282.48px;left:3330.85px;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:4282.48px;left:3645.09px;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:4282.48px;left:3911.8px;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:4282.48px;left:4193.24px;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:4282.48px;left:4791.63px;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:4618.48px;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:4618.48px;left:314.24px;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:4618.48px;left:826.55px;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:4618.48px;left:1013.27px;letter-spacing:-2.96px;white-space:nowrap">NAN&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4618.48px;left:1508.46px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4618.48px;left:1988.78px;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:4618.48px;left:2501.58px;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:4618.48px;left:3399.17px;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:4618.48px;left:3594.84px;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:4618.48px;left:3781.56px;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:4618.48px;left:4057.08px;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:4618.48px;left:4377.24px;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:4618.48px;left:4563.95px;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:4618.48px;left:4839.47px;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:4618.48px;left:5547.14px;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:4618.48px;left:6106.97px;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:4618.48px;left:6495.13px;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:4618.48px;left:6690.81px;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:6205.85px;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:6205.85px;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:6205.85px;left:723.36px;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:6205.85px;left:874.39px;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:6205.85px;left:1608.94px;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:6205.85px;left:1801.42px;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:6205.85px;left:2397.09px;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:6205.85px;left:2601.25px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6205.85px;left:3081.56px;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:6205.85px;left:3594.36px;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:6205.85px;left:3813.72px;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:6205.85px;left:4089.24px;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:6205.85px;left:4456.59px;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:6205.85px;left:4652.27px;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:6205.85px;left:5339.79px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6205.85px;left:5511.62px;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:6205.85px;left:5715.78px;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:6205.85px;left:6314.17px;white-space:nowrap">document
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6205.85px;left:7084.72px;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:6205.85px;left:7609.19px;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:6205.85px;left:8533.66px;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:6205.85px;left:9090.94px;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:6205.85px;left:9577.01px;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:6397.85px;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:6397.85px;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:6397.85px;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:6397.85px;left:1277.27px;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:6397.85px;left:1730.87px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6397.85px;left:2211.18px;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:6397.85px;left:2723.98px;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:6397.85px;left:2990.7px;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:6397.85px;left:3547.65px;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:6397.85px;left:3740.13px;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:6397.85px;left:4374.04px;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:6397.85px;left:4688.28px;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:6397.85px;left:5500.1px;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:6397.85px;left:6379.93px;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:6397.85px;left:6551.77px;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:6397.85px;left:7078.96px;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:6397.85px;left:8163.59px;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:6397.85px;left:8477.83px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6397.85px;left:8958.15px;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:6397.85px;left:9470.94px;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:6397.85px;left:9811.9px;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:6589.85px;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:6589.85px;left:782.4px;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:6589.85px;left:963.03px;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:6589.85px;left:1238.55px;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:6589.85px;left:1751.02px;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:6589.85px;left:1937.74px;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:6589.85px;left:2213.25px;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:6589.85px;left:2666.85px;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:6589.85px;left:3223.81px;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:6589.85px;left:3416.28px;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:6589.85px;left:4086.04px;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:6589.85px;left:4272.75px;letter-spacing:-0.36px;white-space:nowrap">premium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6589.85px;left:4954.18px;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:6589.85px;left:5194.02px;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:6589.85px;left:6254.64px;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:6589.85px;left:6482.8px;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:6589.85px;left:7057.67px;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:6589.85px;left:7756.7px;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:6589.85px;left:8032.22px;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:6589.85px;left:8399.57px;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:6589.85px;left:8586.29px;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:6589.85px;left:9232.52px;letter-spacing:-0.29px;white-space:nowrap">(&#8220;Premium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6781.85px;left:0px;white-space:nowrap">Expiration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6781.85px;left:764.15px;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:6781.85px;left:1321.42px;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:6781.85px;left:1635.66px;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:6781.85px;left:1816.3px;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:6781.85px;left:2091.81px;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:6781.85px;left:2971.64px;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:6781.85px;left:3371.48px;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:6781.85px;left:3655.79px;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:6781.85px;left:4079.63px;letter-spacing:-1.47px;white-space:nowrap">thereafter.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6781.85px;left:4849.7px;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:6781.85px;left:5163.94px;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:6781.85px;left:6043.77px;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:6781.85px;left:6443.6px;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:6781.85px;left:6727.92px;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:6781.85px;left:7151.76px;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:6781.85px;left:7302.8px;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:6781.85px;left:7744.39px;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:6781.85px;left:7936.87px;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:6781.85px;left:8212.39px;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:6781.85px;left:8550.3px;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:6781.85px;left:8737.02px;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:6781.85px;left:9012.54px;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:6781.85px;left:9815.08px;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:6973.85px;left:0px;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:6973.85px;left:284.32px;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:6973.85px;left:708.15px;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:6973.85px;left:1045.91px;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:6973.85px;left:1339.51px;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:6973.85px;left:2296.78px;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:6973.85px;left:2581.1px;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:6973.85px;left:3120.45px;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:7309.85px;left:0px;white-space:nowrap">AMTP
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7309.85px;left:480.31px;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:7309.85px;left:993.11px;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:7309.85px;left:1259.83px;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:7309.85px;left:2050.21px;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:7309.85px;left:2242.69px;letter-spacing:0.24px;white-space:nowrap">short/intermediate-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7309.85px;left:4004.26px;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:7309.85px;left:4874.97px;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:7309.85px;left:5197.68px;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:7309.85px;left:5500.08px;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:7309.85px;left:5627.6px;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:7309.85px;left:6231.91px;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:7309.85px;left:6901.5px;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:7309.85px;left:7224.22px;white-space:nowrap">tied
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7309.85px;left:7546.93px;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:7309.85px;left:7739.41px;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:7309.85px;left:7866.93px;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:7309.85px;left:8657.31px;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:7309.85px;left:9137.47px;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:7309.85px;left:9475.22px;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:7309.85px;left:9691.7px;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:7501.85px;left:0px;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:7501.85px;left:394.24px;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:7501.85px;left:1090.71px;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:7501.85px;left:1680.46px;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:7501.85px;left:2133.9px;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:7501.85px;left:2284.94px;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:7501.85px;left:2823.65px;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:7501.85px;left:3679.79px;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:7501.85px;left:3860.43px;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:7501.85px;left:4135.95px;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:7501.85px;left:4497.22px;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:7501.85px;left:4683.94px;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:7501.85px;left:5330.18px;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:7501.85px;left:5644.41px;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:7501.85px;left:5985.37px;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:7501.85px;left:6216.57px;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:7501.85px;left:6877.2px;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:7501.85px;left:7049.04px;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:7501.85px;left:7324.56px;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:7501.85px;left:7786.63px;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:7501.85px;left:8266.79px;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:7501.85px;left:8681.83px;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:7501.85px;left:8809.35px;white-space:nowrap">mutual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7501.85px;left:9342.62px;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:7693.85px;left:0px;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:7693.85px;left:666.71px;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:7693.85px;left:942.23px;white-space:nowrap">majority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7693.85px;left:1561.1px;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:7693.85px;left:2047.01px;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:7693.85px;left:2361.25px;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:7693.85px;left:2636.77px;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:7693.85px;left:3090.37px;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:7693.85px;left:3505.24px;white-space:nowrap">time-to-time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7693.85px;left:4437.86px;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:7693.85px;left:4713.38px;white-space:nowrap">majority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7693.85px;left:5332.25px;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:7693.85px;left:5818.16px;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:7693.85px;left:6159.12px;letter-spacing:-0.36px;white-space:nowrap">propose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7693.85px;left:6796.23px;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:7693.85px;left:6988.71px;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:7693.85px;left:7264.22px;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:7693.85px;left:7673.34px;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:7693.85px;left:7889.82px;white-space:nowrap">adjustment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7693.85px;left:8731.09px;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:7693.85px;left:8923.57px;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:7693.85px;left:9199.08px;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:7693.85px;left:9868.68px;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:7885.85px;left:0px;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:7885.85px;left:542.4px;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:7885.85px;left:817.91px;white-space:nowrap">majority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7885.85px;left:1436.78px;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:7885.85px;left:1922.69px;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:7885.85px;left:2236.93px;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:7885.85px;left:2512.45px;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:7885.85px;left:2921.57px;white-space:nowrap">fail
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7885.85px;left:3173.24px;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:7885.85px;left:3365.72px;letter-spacing:-0.48px;white-space:nowrap">agree
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7885.85px;left:3819.16px;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:7885.85px;left:4234.19px;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:7885.85px;left:4450.67px;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:7885.85px;left:5111.3px;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:7885.85px;left:5780.9px;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:7885.85px;left:6148.09px;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:7885.85px;left:6462.33px;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:7885.85px;left:6830.01px;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:7885.85px;left:7564.88px;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:7885.85px;left:8234.47px;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:7885.85px;left:8557.19px;white-space:nowrap">adjustment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7885.85px;left:9398.45px;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:7885.85px;left:9549.49px;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:7885.85px;left:9830.93px;white-space:nowrap">withdrawn,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8077.85px;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:8077.85px;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:8077.85px;left:684.64px;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:8077.85px;left:959.83px;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:8077.85px;left:1191.03px;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:8077.85px;left:1836.78px;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:8077.85px;left:2029.26px;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:8077.85px;left:2624.93px;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:8077.85px;left:2829.25px;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:8077.85px;left:3726.84px;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:8077.85px;left:4218.84px;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:8077.85px;left:4633.87px;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:8077.85px;left:4909.39px;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:8077.85px;left:5229.55px;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:8077.85px;left:5416.26px;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:8077.85px;left:5543.78px;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:8077.85px;left:6029.7px;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:8413.85px;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:8413.85px;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:8413.85px;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:8413.85px;left:1132.47px;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:8413.85px;left:1541.58px;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:8413.85px;left:1882.54px;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:8413.85px;left:2113.74px;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:8413.85px;left:2848.29px;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:8413.85px;left:3040.76px;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:8413.85px;left:3636.44px;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:8413.85px;left:3763.96px;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:8413.85px;left:4291.15px;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:8413.85px;left:4880.91px;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:8413.85px;left:5067.62px;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:8413.85px;left:5343.14px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8413.85px;left:5823.45px;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:8413.85px;left:6336.25px;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:8413.85px;left:6466.49px;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:8413.85px;left:6742.01px;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:8413.85px;left:7151.13px;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:8413.85px;left:7470.96px;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:8413.85px;left:7663.44px;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:8413.85px;left:8318.15px;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:8413.85px;left:8845.34px;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:8413.85px;left:9251.25px;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:8413.85px;left:9956.69px;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:8605.85px;left:0px;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:8605.85px;left:660.79px;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:8605.85px;left:1027.82px;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:8605.85px;left:2011.34px;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:8605.85px;left:2325.57px;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:8605.85px;left:2693.25px;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:8605.85px;left:3241.25px;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:8605.85px;left:3507.96px;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:8605.85px;left:3789.4px;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:8605.85px;left:4236.92px;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:8605.85px;left:4456.27px;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:8605.85px;left:4731.79px;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:8605.85px;left:5516.9px;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:8605.85px;left:5866.66px;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:8605.85px;left:6278.5px;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:8605.85px;left:6592.73px;letter-spacing:-2.98px;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:8605.85px;left:6992.57px;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:8605.85px;left:7917.04px;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:8605.85px;left:8305.19px;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:8605.85px;left:8619.43px;letter-spacing:-0.36px;white-space:nowrap">Premium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8605.85px;left:9294.94px;white-space:nowrap">Expiration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8605.85px;left:10059.09px;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:8797.85px;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:8797.85px;left:239.83px;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:8797.85px;left:515.35px;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:8797.85px;left:1016.47px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8797.85px;left:1496.78px;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:8797.85px;left:2009.58px;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:8797.85px;left:2276.3px;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:8797.85px;left:2471.98px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9800.35px;left:0px;white-space:nowrap">*
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9800.35px;left:132.16px;white-space:nowrap">Subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9800.35px;left:646.23px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9800.35px;left:811.15px;letter-spacing:-0.14px;white-space:nowrap">early
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9800.35px;left:1154.14px;letter-spacing:-0.12px;white-space:nowrap">termination
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9800.35px;left:1923.57px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9800.35px;left:2116.07px;white-space:nowrap">either
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9800.35px;left:2522.62px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9800.35px;left:2763.7px;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:9800.35px;left:3123.36px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9800.35px;left:3294.29px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9800.35px;left:3535.37px;letter-spacing:-1.56px;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:10145.23px;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:10145.23px;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:10145.23px;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:10145.23px;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:10145.23px;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:10145.23px;left:2731.97px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10145.23px;left:3212.29px;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:10145.23px;left:3725.08px;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:10145.23px;left:4622.67px;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:10145.23px;left:4936.91px;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:10145.23px;left:5746.02px;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:10145.23px;left:6415.62px;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:10145.23px;left:6738.33px;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:10145.23px;left:6978.16px;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:10145.23px;left:7253.68px;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:10145.23px;left:7662.8px;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:10145.23px;left:8172.23px;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:10145.23px;left:8447.75px;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:10145.23px;left:8992.71px;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:10145.23px;left:9389.82px;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:10145.23px;left:9905.17px;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:10145.23px;left:10293.33px;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:10337.23px;left:0px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2376.96px;left:9319.45px;letter-spacing:-1.12px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2562.8px;left:8458.88px;letter-spacing:-3.46px;white-space:nowrap">Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2562.8px;left:8837.92px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2745.92px;left:8632.5px;white-space:nowrap">2/28/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2562.8px;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:160px;font-weight:bold;position:absolute;top:2562.8px;left:9989.92px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2745.92px;left:9784.5px;white-space:nowrap">2/28/22
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2936.76px;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:2936.76px;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:3122.6px;left:360px;white-space:nowrap">Issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3122.6px;left:806.31px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3122.6px;left:957.65px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3122.6px;left:1198.73px;letter-spacing:-0.4px;white-space:nowrap">Reorganization</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3122.6px;left:9247.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3122.6px;left:9842.01px;white-space:nowrap">3,645,310</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5771.44px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5771.44px;left:5835.69px;white-space:nowrap">Series</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5579.44px;left:7232.01px;letter-spacing:-0.48px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5771.44px;left:6772.65px;white-space:nowrap">Outstanding</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5579.44px;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:160px;font-weight:bold;position:absolute;top:5771.44px;left:8352px;letter-spacing:-1.26px;white-space:nowrap">Preference</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5003.44px;left:9744.17px;letter-spacing:-0.15px;white-space:nowrap">Liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5195.44px;left:9748.81px;letter-spacing:-1.59px;white-space:nowrap">Preference,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5387.44px;left:10170.57px;white-space:nowrap">net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5387.44px;left:10464px;letter-spacing:1.92px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5579.44px;left:9948.49px;letter-spacing:-0.36px;white-space:nowrap">deferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5771.44px;left:9572.34px;letter-spacing:-0.53px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5771.44px;left:10235.05px;white-space:nowrap">costs</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5972.4px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5972.4px;left:5936.01px;white-space:nowrap">2028</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5972.4px;left:7334.41px;white-space:nowrap">1,270
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5972.4px;left:8176.02px;white-space:nowrap">$127,000,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5972.4px;left:9616.02px;white-space:nowrap">$126,944,044
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9374.81px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9182.81px;left:5220.97px;white-space:nowrap">Notice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9374.81px;left:5224.33px;letter-spacing:-1.33px;white-space:nowrap">Period</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9374.81px;left:6699.69px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9182.81px;left:8515.04px;letter-spacing:-3.84px;white-space:nowrap">Term</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9374.81px;left:7531.85px;letter-spacing:-0.17px;white-space:nowrap">Redemption
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9374.81px;left:8531.52px;letter-spacing:-0.4px;white-space:nowrap">Date</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9182.81px;left:9934.56px;letter-spacing:-1.39px;white-space:nowrap">Premium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9374.81px;left:9418.57px;letter-spacing:-0.38px;white-space:nowrap">Expiration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9374.81px;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:160px;font-weight:bold;position:absolute;top:9575.77px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9575.77px;left:5136.17px;white-space:nowrap">360-day</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9575.77px;left:6800.01px;white-space:nowrap">2028
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9575.77px;left:7470.9px;white-space:nowrap">December
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9575.77px;left:8287.37px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9575.77px;left:8456.97px;white-space:nowrap">2028*</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9575.77px;left:9171.7px;white-space:nowrap">November
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9575.77px;left:9993.61px;letter-spacing:-1.2px;white-space:nowrap">30,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9575.77px;left:10256.01px;white-space:nowrap">2019</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11746.19px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10754.19px;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:160px;font-weight:bold;position:absolute;top:10946.19px;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:160px;font-weight:bold;position:absolute;top:11138.19px;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:160px;font-weight:bold;position:absolute;top:11138.19px;left:9024px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11330.19px;left:8722.41px;white-space:nowrap">AMTP</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11522.19px;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:160px;font-weight:bold;position:absolute;top:11714.19px;left:8212.65px;white-space:nowrap">Outstanding</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11522.19px;left:9747.05px;white-space:nowrap">Annualized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11714.19px;left:9525.45px;white-space:nowrap">Dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11714.19px;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:140px;font-weight:bold;position:absolute;top:12044.63px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11997.51px;left:7747.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11997.51px;left:8196.82px;letter-spacing:0px;white-space:nowrap">141,520,548
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11997.51px;left:10173.93px;white-space:nowrap">2.51</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11997.51px;left:10493.92px;white-space:nowrap">%
</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4429.43px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11960 characters]);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">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:480.31px;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:0px;left:993.11px;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:0px;left:1259.83px;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:0px;left:1816.78px;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:0px;left:2009.26px;letter-spacing:-0.22px;white-space:nowrap">restrictions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2826.36px;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:0px;left:3054.68px;letter-spacing:-1.47px;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:0px;left:3664.75px;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:0px;left:4363.95px;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:0px;left:4601.06px;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:0px;left:4882.5px;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:0px;left:5347.45px;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:0px;left:5661.69px;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:0px;left:6197.84px;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:0px;left:7003.59px;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:0px;left:7270.31px;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:0px;left:7969.5px;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:0px;left:8250.94px;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:0px;left:8968.05px;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:0px;left:9282.29px;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:0px;left:9548.68px;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:0px;left:9969.64px;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:0px;left:10156.35px;white-space:nowrap">AMTP
</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:-0.41px;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:512.8px;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:192px;left:663.84px;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:192px;left:1378.07px;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:192px;left:1570.54px;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:192px;left:1801.74px;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:192px;left:2862.37px;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:3229.4px;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:192px;left:4031.95px;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:192px;left:4843.94px;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:192px;left:5051.46px;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:192px;left:5415.94px;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:192px;left:5611.61px;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:192px;left:5887.13px;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:192px;left:6281.37px;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:192px;left:6977.84px;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:7206.16px;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:192px;left:7481.68px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7961.99px;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:192px;left:8474.79px;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:192px;left:9073.34px;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:192px;left:9654.14px;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:192px;left:9825.98px;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:192px;left:10125.17px;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: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;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:384px;left:971.99px;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:384px;left:1428.31px;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:384px;left:2252.3px;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:2471.66px;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:384px;left:3147.01px;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:384px;left:3375.33px;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:384px;left:4246.04px;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:384px;left:4764.75px;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:384px;left:5265.06px;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:384px;left:5712.09px;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:384px;left:5883.93px;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:384px;left:6159.45px;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:384px;left:6704.4px;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:384px;left:7240.55px;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:384px;left:8224.38px;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:384px;left:8400.06px;letter-spacing:-0.36px;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:384px;left:8980.7px;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:384px;left:9516.85px;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: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">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:794.39px;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:576px;left:1372.15px;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:1656.78px;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:576px;left:2536.45px;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:576px;left:2859.17px;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:576px;left:3134.69px;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:576px;left:3401.08px;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:576px;left:3822.04px;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:576px;left:4008.75px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:4489.07px;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:576px;left:5001.87px;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:576px;left:5152.9px;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:576px;left:6213.53px;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:576px;left:6580.56px;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:576px;left:7383.11px;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:576px;left:8239.58px;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:576px;left:8523.9px;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:576px;left:8890.93px;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:576px;left:9157.33px;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:576px;left:9578.28px;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:576px;left:10019.88px;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:576px;left:10354.75px;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:768px;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:768px;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:768px;left:1321.26px;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:768px;left:1890.54px;letter-spacing:-1.23px;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:768px;left:2654.69px;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:768px;left:2936.12px;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:768px;left:3564.43px;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:768px;left:4272.1px;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:768px;left:5018.81px;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:768px;left:5294.33px;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:768px;left:6096.88px;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:768px;left:6908.87px;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:768px;left:7095.59px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:7575.9px;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:768px;left:8088.7px;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:768px;left:8239.74px;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:768px;left:8367.26px;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:768px;left:8914.77px;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:768px;left:9229px;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:768px;left:9380.04px;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:768px;left:10215.71px;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:768px;left:10411.39px;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:960px;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:960px;left:865.43px;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:960px;left:1052.15px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:1532.46px;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:960px;left:2045.26px;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:960px;left:2273.58px;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:960px;left:2549.09px;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:960px;left:3328.13px;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:960px;left:3514.84px;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:960px;left:4015.63px;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:960px;left:4329.87px;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:0px;white-space:nowrap">AMTP
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:480.31px;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:1296px;left:924.95px;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:1296px;left:1662.71px;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:1296px;left:1929.42px;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:1296px;left:2489.1px;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:1296px;left:2684.78px;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:3259.17px;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:1296px;left:3997.08px;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:1296px;left:4236.91px;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:1296px;left:4865.23px;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:1296px;left:5572.9px;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:1296px;left:6319.61px;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:1296px;left:6879.76px;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:1296px;left:7617.51px;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:1296px;left:7845.83px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:8326.15px;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:1296px;left:8838.94px;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:1296px;left:9105.66px;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:1296px;left:9941.33px;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:1296px;left:10137.01px;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:1488px;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:1488px;left:865.43px;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:1488px;left:1052.15px;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:1488px;left:1739.82px;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:1488px;left:1979.65px;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:1488px;left:2640.93px;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:1488px;left:2869.24px;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:1488px;left:3144.76px;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:1488px;left:3923.79px;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:1488px;left:4110.51px;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:1488px;left:4611.3px;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:1488px;left:4925.54px;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:1488px;left:5677.53px;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:1488px;left:6436.08px;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:1488px;left:7046.63px;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:1488px;left:7274.95px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:7755.27px;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:1488px;left:8268.06px;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:1488px;left:8534.78px;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:1488px;left:9370.45px;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:1488px;left:9566.13px;white-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:9693.65px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:1680px;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:2016px;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:2016px;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:2016px;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:2016px;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:2016px;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:2016px;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:2016px;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:2016px;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:2016px;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:2016px;left:3979.31px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:4459.63px;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:2016px;left:4972.42px;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:2016px;left:5360.58px;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:2016px;left:6050.97px;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:2016px;left:6246.65px;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:2016px;left:6904.25px;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:2016px;left:7502.96px;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:7956.4px;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:2016px;left:8223.12px;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:2016px;left:8981.34px;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:2016px;left:9339.9px;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:2016px;left:9615.42px;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:2016px;left:9873.01px;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:2016px;left:10059.73px;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:2208px;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:2208px;left:492px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:806.24px;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:2208px;left:1072.95px;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:2208px;left:1908.63px;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:2104.3px;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:2208px;left:3037.89px;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:2208px;left:3224.61px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:3704.92px;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:2208px;left:4217.72px;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:2208px;left:4446.04px;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:2208px;left:4721.56px;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:2208px;left:5500.59px;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:2208px;left:5687.3px;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:2208px;left:6188.1px;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:2208px;left:6502.34px;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:7209.84px;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:2208px;left:7524.08px;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:2208px;left:8185.35px;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:2208px;left:8828.71px;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:2208px;left:9142.95px;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:2208px;left:10072.85px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;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:2400px;left:2556.93px;white-space:nowrap">Operations.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:2726.4px;left:0px;white-space:nowrap">MuniFund
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:2726.4px;left:767.84px;letter-spacing:-0.58px;white-space:nowrap">Preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:2726.4px;left:1469.75px;letter-spacing:-0.48px;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:3072px;left:0px;white-space:nowrap">NRK
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:364.64px;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:3072px;left:649.27px;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:3072px;left:1144.15px;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:3072px;left:1458.39px;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:3072px;left:1743.03px;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:3072px;left:2640.62px;white-space:nowrap">MuniFund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:3408.45px;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:3072px;left:4110.36px;white-space:nowrap">(&#8220;MFP&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:4727.32px;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:3072px;left:5284.6px;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:3072px;left:5625.07px;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:3072px;left:5752.59px;white-space:nowrap">$100,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:6464.27px;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:3072px;left:7266.82px;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:3072px;left:8078.81px;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:3072px;left:8363.13px;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:3072px;left:8831.45px;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:3072px;left:9302.8px;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:3072px;left:9670.48px;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:3072px;left:10183.28px;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:3264px;left:0px;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:3264px;left:494.88px;white-space:nowrap">via
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3264px;left:737.91px;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:3264px;left:1273.9px;white-space:nowrap">placement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3264px;left:2071.02px;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:3264px;left:2385.25px;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:3264px;left:2651.97px;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:3264px;left:2933.41px;white-space:nowrap">publically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3264px;left:3653.24px;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:3600px;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:3600px;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:3600px;left:723.36px;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:3600px;left:874.39px;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:3600px;left:1608.94px;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:3600px;left:1801.42px;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:3600px;left:2397.09px;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:3600px;left:2601.25px;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:3600px;left:2968.93px;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:3600px;left:3481.73px;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:3600px;left:3701.08px;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:3600px;left:3976.6px;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:3600px;left:4343.96px;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:3600px;left:4539.64px;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:3600px;left:5227.15px;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:3600px;left:5398.99px;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:3600px;left:5603.14px;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:3600px;left:6201.53px;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:3600px;left:7040.24px;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:3600px;left:7564.72px;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:3600px;left:8489.18px;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:3600px;left:9046.46px;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:3600px;left:9532.54px;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:3792px;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:3792px;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:3792px;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:3792px;left:1277.27px;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:3792px;left:1730.87px;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:3792px;left:2098.55px;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:3792px;left:2611.35px;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:3792px;left:2878.06px;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:3792px;left:3416.77px;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:3792px;left:3911.65px;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:3792px;left:4083.49px;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:3792px;left:4211.01px;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:3792px;left:5188.75px;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:3792px;left:5695.63px;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:6377.38px;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:3792px;left:6745.06px;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:3792px;left:7257.86px;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:3792px;left:7551.46px;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:3792px;left:7782.66px;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:3792px;left:8772.41px;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:3792px;left:9619.76px;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:3792px;left:9815.44px;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:3984px;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:3984px;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:3984px;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:3984px;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:3984px;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:3984px;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:3984px;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:3984px;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:3984px;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:3984px;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:3984px;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:3984px;left:3951.46px;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:3984px;left:4405.06px;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:3984px;left:4719.3px;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:3984px;left:5249.86px;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:3984px;left:5717.69px;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:3984px;left:6085.37px;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:3984px;left:6598.16px;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:3984px;left:7042.32px;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:3984px;left:7317.83px;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:3984px;left:7987.43px;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:3984px;left:8778.94px;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:3984px;left:9093.18px;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:3984px;left:9359.9px;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:3984px;left:10112.37px;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:4176px;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:4176px;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:4176px;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:4176px;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:4176px;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:4176px;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:4176px;left:2483.01px;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:4176px;left:2892.13px;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:4176px;left:3233.09px;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:4176px;left:3902.52px;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:4176px;left:4660.74px;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:4176px;left:5123.14px;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:4176px;left:5857.53px;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:6198px;white-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:6473.52px;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:4176px;left:6841.2px;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:4512px;left:674.48px;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:4512px;left:1290.63px;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:4512px;left:1655.11px;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:4512px;left:2561.82px;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:4512px;left:3030.29px;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:4512px;left:3753.96px;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:4512px;left:3878.44px;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:4512px;left:4637px;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:4876.83px;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:4512px;left:5244.51px;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:4512px;left:5757.31px;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:4512px;left:6225.14px;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:4512px;left:6518.25px;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:4512px;left:6980.65px;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:4512px;left:7255.84px;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:4512px;left:7487.04px;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:4512px;left:8343.19px;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:4512px;left:8562.55px;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:4512px;left:8690.07px;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:4512px;left:9590.54px;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:4704px;left:630px;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:4704px;left:1370.63px;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:4704px;left:1646.15px;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:4704px;left:2182.3px;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:4704px;left:2603.26px;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:4704px;left:2789.98px;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:4704px;left:3065.49px;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:4704px;left:3433.17px;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:4704px;left:3945.97px;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:4704px;left:4097.01px;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:4704px;left:4811.24px;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:4704px;left:5003.72px;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:4704px;left:5948.82px;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:4704px;left:6152.98px;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:4704px;left:6955.52px;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:4704px;left:7812px;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:4704px;left:8786.87px;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:4704px;left:9169.43px;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:4704px;left:9444.95px;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:4704px;left:9915.66px;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:4896px;left:630px;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:4896px;left:1210.63px;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:4896px;left:1338.15px;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:4896px;left:2193.98px;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:4896px;left:2709.33px;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:4896px;left:2896.05px;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:4896px;left:3263.08px;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:4896px;left:3755.08px;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:4896px;left:4170.12px;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:4896px;left:4626.76px;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:4896px;left:4997.31px;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:4896px;left:5527.71px;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:4896px;left:5661.78px;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:4896px;left:5937.3px;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:4896px;left:6837.77px;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:4896px;left:7294.08px;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:4896px;left:7445.12px;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:4896px;left:7975.68px;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:4896px;left:8168.15px;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:4896px;left:8742.71px;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:4896px;left:8959.18px;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:4896px;left:9752.77px;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:5088px;left:630px;white-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:905.52px;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:5088px;left:1397.51px;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:5088px;left:1672.71px;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:5088px;left:1903.91px;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:5088px;left:2537.82px;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:2757.18px;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:5088px;left:3032.7px;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:5088px;left:3918.61px;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:5088px;left:4724.36px;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:5088px;left:5239.71px;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:5088px;left:5553.95px;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:5088px;left:5829.47px;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:5088px;left:6703.7px;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:5088px;left:7373.29px;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:5088px;left:7696.01px;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:5088px;left:7971.2px;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:5088px;left:8599.52px;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:5088px;left:8791.99px;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:5088px;left:8996.15px;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:5088px;left:9588.62px;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:5088px;left:10258.21px;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:5280px;left:630px;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:5280px;left:764.08px;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:5280px;left:1134.15px;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:5280px;left:1451.43px;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:5280px;left:2337.66px;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:5280px;left:2684.38px;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:5280px;left:2871.09px;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:5280px;left:3804.84px;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:5280px;left:4705.31px;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:5280px;left:5427.86px;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:5280px;left:5703.38px;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:5280px;left:6112.5px;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:5280px;left:6387.69px;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:5280px;left:6618.89px;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:5280px;left:7264.64px;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:5280px;left:7457.12px;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:5280px;left:8206.71px;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:5280px;left:8423.19px;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:5280px;left:9216.78px;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:5280px;left:9679.17px;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:5280px;left:9871.65px;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:5472px;left:630px;white-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:905.52px;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:5868px;left:648px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5868px;left:962.24px;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:5868px;left:1371.36px;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:5868px;left:1646.55px;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:5868px;left:1948.95px;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:5868px;left:2076.47px;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:5868px;left:2976.94px;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:5868px;left:3246.69px;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:5868px;left:3475.01px;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:5868px;left:3750.53px;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:5868px;left:4535.64px;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:5868px;left:5193.07px;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:5868px;left:5782.82px;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:5868px;left:5969.54px;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:5868px;left:6173.86px;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:5868px;left:6541.54px;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:5868px;left:7054.33px;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:5868px;left:7469.05px;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:5868px;left:8316.4px;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:5868px;left:8488.24px;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:5868px;left:9007.11px;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:5868px;left:9739.1px;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:5868px;left:10189.66px;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:6060px;left:648px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6060px;left:923.52px;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:6060px;left:1332.64px;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:6060px;left:1525.11px;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:6060px;left:1800.63px;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:6060px;left:2701.1px;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:6060px;left:3157.41px;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:6060px;left:3424.13px;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:6060px;left:4259.8px;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:6060px;left:4455.48px;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:6060px;left:5483.63px;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:6060px;left:5904.59px;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:6060px;left:6132.9px;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:6060px;left:6408.42px;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:6060px;left:7187.45px;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:6060px;left:7374.17px;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:6396px;left:630px;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:6396px;left:1246.15px;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:6396px;left:1610.63px;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:6396px;left:2079.1px;white-space:nowrap">(&#8220;VRM&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6396px;left:2707.9px;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:6396px;left:2832.38px;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:6396px;left:3590.93px;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:6396px;left:3830.76px;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:6396px;left:4198.44px;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:6396px;left:4711.24px;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:6396px;left:5558.59px;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:6396px;left:5730.43px;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:6396px;left:6023.54px;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:6396px;left:6485.94px;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:6396px;left:6752.66px;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:6396px;left:7232.81px;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:6396px;left:7647.85px;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:6396px;left:7775.37px;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:6396px;left:8565.75px;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:6396px;left:9001.43px;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:6396px;left:9339.19px;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:6396px;left:9555.67px;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:6588px;left:630px;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:6588px;left:1024.24px;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:6588px;left:1720.71px;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:6588px;left:2310.46px;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:6588px;left:3166.61px;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:6588px;left:3347.25px;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:6588px;left:3622.77px;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:6588px;left:3984.04px;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:6588px;left:4170.76px;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:6588px;left:4816.99px;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:6588px;left:5009.47px;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:6588px;left:5608.02px;white-space:nowrap">/
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6588px;left:5711.7px;white-space:nowrap">conversion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6588px;left:6526.73px;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:6588px;left:6713.45px;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:6588px;left:6917.6px;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:6588px;left:7424.48px;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:6588px;left:7631.84px;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:6588px;left:7907.35px;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:6588px;left:8227.51px;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:6588px;left:8414.23px;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:6588px;left:8689.75px;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:6588px;left:9205.1px;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:6588px;left:9391.81px;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:6588px;left:9667.33px;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:6588px;left:10174.21px;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:6780px;left:630px;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:6780px;left:1039.12px;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:6780px;left:1314.31px;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:6780px;left:1545.51px;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:6780px;left:2191.26px;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:6780px;left:2383.74px;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:6780px;left:2839.73px;white-space:nowrap">extend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6780px;left:3379.09px;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:6780px;left:3654.61px;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:6780px;left:4033.48px;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:6780px;left:4220.2px;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:6780px;left:4495.71px;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:6780px;left:5002.59px;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:6780px;left:5752.18px;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:6780px;left:5968.66px;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:6780px;left:6762.25px;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:6780px;left:7224.64px;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:6780px;left:7417.12px;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:6780px;left:8012.79px;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:6780px;left:8288.31px;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:6780px;left:8655.99px;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:7176px;left:648px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7176px;left:962.24px;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:7176px;left:1228.63px;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:7176px;left:1649.59px;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:7176px;left:1836.31px;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:7176px;left:2203.98px;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:7176px;left:2716.78px;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:7176px;left:3131.5px;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:7176px;left:3303.33px;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:7176px;left:3682.85px;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:7176px;left:3949.57px;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:7176px;left:4663.8px;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:7176px;left:4856.28px;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:7176px;left:5801.39px;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:7176px;left:6168.42px;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:7176px;left:6970.97px;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:7176px;left:7782.96px;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:7176px;left:7990.48px;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:7176px;left:8354.95px;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:7176px;left:8550.63px;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:7176px;left:8826.15px;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:7176px;left:9220.39px;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:7176px;left:9916.86px;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:7176px;left:10145.18px;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:7368px;left:648px;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:7368px;left:1140px;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:7368px;left:1738.55px;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:7368px;left:2319.35px;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:7368px;left:2491.18px;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:7368px;left:2790.38px;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:7368px;left:3130.85px;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:7368px;left:3406.37px;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:7368px;left:4102.85px;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:7368px;left:4559.16px;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:7368px;left:5383.16px;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:7368px;left:5602.51px;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:7368px;left:6277.86px;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:7368px;left:6506.18px;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:7368px;left:7376.89px;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:7368px;left:7895.6px;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:7368px;left:8395.92px;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:7368px;left:8842.95px;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:7368px;left:9014.78px;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:7368px;left:9290.3px;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:7368px;left:9835.26px;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:7368px;left:10415.89px;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:7560px;left:648px;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:7560px;left:1192.95px;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:7560px;left:1729.11px;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:7560px;left:2558.69px;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:7560px;left:2834.21px;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:7560px;left:3411.96px;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:7560px;left:3696.6px;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:7560px;left:4576.27px;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:7560px;left:4898.98px;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:7560px;left:5174.5px;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:7560px;left:5440.9px;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:7560px;left:5861.85px;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:7560px;left:6048.57px;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:7560px;left:6324.09px;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:7560px;left:6816.08px;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:7560px;left:7082.8px;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:7560px;left:8143.43px;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:7560px;left:8510.46px;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:7560px;left:9313.01px;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:7560px;left:10169.48px;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:7752px;left:648px;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:7752px;left:1015.03px;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:7752px;left:1281.43px;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:7752px;left:1702.38px;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:7752px;left:2143.98px;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:7752px;left:2478.85px;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:7752px;left:2609.09px;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:7752px;left:3145.24px;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:7752px;left:3930.35px;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:7752px;left:4499.63px;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:8088px;left:630px;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:8088px;left:1246.15px;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:8088px;left:1610.63px;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:8088px;left:2268.7px;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:8088px;left:2737.18px;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:8088px;left:3484.53px;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:8088px;left:3609.01px;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:8088px;left:4367.57px;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:8088px;left:4607.4px;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:8088px;left:4975.08px;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:8088px;left:5487.88px;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:8088px;left:6335.23px;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:8088px;left:6507.07px;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:8088px;left:6800.18px;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:8088px;left:7262.58px;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:8088px;left:7537.77px;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:8088px;left:7768.97px;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:8088px;left:8625.12px;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:8088px;left:8844.48px;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:8088px;left:8971.99px;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:8088px;left:9872.46px;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:8280px;left:630px;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:8280px;left:1370.63px;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:8280px;left:1646.15px;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:8280px;left:2182.3px;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:8280px;left:2603.26px;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:8280px;left:2789.98px;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:8280px;left:3065.49px;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:8280px;left:3433.17px;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:8280px;left:3945.97px;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:8280px;left:4097.01px;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:8280px;left:4811.24px;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:8280px;left:5003.72px;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:8280px;left:5948.82px;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:8280px;left:6152.98px;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:8280px;left:6955.52px;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:8280px;left:7812px;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:8280px;left:8262.23px;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:8280px;left:8434.07px;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:8280px;left:8727.19px;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:8280px;left:9234.06px;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:8280px;left:9726.06px;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:8280px;left:10001.25px;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:8280px;left:10383.81px;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:8472px;left:630px;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:8472px;left:1646.31px;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:8472px;left:2259.09px;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:8472px;left:2804.21px;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:8472px;left:3126.92px;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:8472px;left:3657.48px;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:8472px;left:3861.64px;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:8472px;left:4815.71px;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:8472px;left:5008.18px;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:8472px;left:5556.18px;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:8472px;left:5683.7px;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:8472px;left:6296.48px;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:8472px;left:6968.96px;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:8472px;left:7309.43px;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:8472px;left:7762.86px;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:8472px;left:8038.38px;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:8472px;left:8447.5px;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:8472px;left:8732.14px;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:8472px;left:9333.57px;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:8472px;left:9653.41px;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:8472px;left:9780.93px;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:8664px;left:630px;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:8664px;left:1495.27px;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:8664px;left:1687.75px;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:8664px;left:2375.42px;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:8664px;left:2867.42px;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:8664px;left:3039.26px;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:8664px;left:3314.78px;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:8664px;left:3756.37px;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:8664px;left:4079.09px;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:8664px;left:4354.61px;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:8664px;left:4846.6px;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:8664px;left:5113.32px;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:8664px;left:5394.76px;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:8664px;left:5747.4px;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:8664px;left:5939.87px;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:8664px;left:6171.07px;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:8664px;left:7042.42px;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:8664px;left:7948.97px;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:8664px;left:8124.65px;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:8664px;left:8400.17px;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:8664px;left:8841.76px;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:8664px;left:9164.48px;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:8664px;left:9656.47px;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:8856px;left:630px;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:8856px;left:923.12px;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:8856px;left:1385.51px;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:8856px;left:1652.23px;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:8856px;left:2182.79px;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:8856px;left:2375.26px;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:8856px;left:2606.46px;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:8856px;left:3477.81px;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:8856px;left:4339.88px;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:8856px;left:4654.12px;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:8856px;left:4920.84px;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:8856px;left:5706.27px;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:8856px;left:5925.63px;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:8856px;left:6201.15px;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:8856px;left:6813.94px;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:8856px;left:7486.41px;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:8856px;left:7761.92px;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:8856px;left:8431.52px;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:8856px;left:8754.23px;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:8856px;left:9029.42px;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:8856px;left:9260.62px;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:8856px;left:9536.14px;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:9048px;left:630px;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:9048px;left:952.71px;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:9048px;left:1406.15px;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:9048px;left:1557.19px;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:9048px;left:2268.38px;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:9048px;left:2460.86px;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:9048px;left:3086.13px;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:9048px;left:3835.88px;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:9048px;left:4028.36px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9048px;left:4155.88px;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:9048px;left:4843.39px;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:9048px;left:5525.14px;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:9048px;left:5696.98px;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:9048px;left:6126.42px;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:9048px;left:6318.89px;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:9048px;left:6968.33px;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:9048px;left:7243.85px;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:9048px;left:8144.32px;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:9048px;left:8692.63px;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:9048px;left:9163.34px;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:9048px;left:9355.82px;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:9240px;left:630px;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:9240px;left:1305.35px;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:9240px;left:1580.87px;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:9240px;left:2117.35px;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:9240px;left:2431.58px;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:9240px;left:2840.7px;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:9240px;left:2991.74px;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:9240px;left:3637.5px;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:9240px;left:3829.97px;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:9240px;left:4425.65px;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:9240px;left:4719.25px;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:9240px;left:5211.24px;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:9240px;left:5533.96px;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:9240px;left:5800.68px;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:9240px;left:6081.63px;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:9240px;left:6612.18px;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:9240px;left:6831.54px;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:9240px;left:6959.06px;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:9240px;left:7571.85px;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:9240px;left:8214.56px;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:9240px;left:8584.63px;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:9240px;left:8812.79px;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:9240px;left:9387.66px;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:9240px;left:9574.38px;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:9432px;left:630px;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:9432px;left:1563.75px;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:9828px;left:648px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9828px;left:962.24px;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:9828px;left:1371.36px;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:9828px;left:1646.55px;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:9828px;left:1948.95px;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:9828px;left:2076.47px;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:9828px;left:2689.25px;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:9828px;left:3003.49px;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:9828px;left:3903.96px;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:9828px;left:4173.72px;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:9828px;left:4402.04px;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:9828px;left:4677.56px;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:9828px;left:5462.67px;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:9828px;left:6120.1px;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:9828px;left:6709.85px;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:9828px;left:6896.57px;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:9828px;left:7100.88px;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:9828px;left:7468.56px;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:9828px;left:7981.36px;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:9828px;left:8396.07px;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:9828px;left:8863.91px;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:9828px;left:9406.46px;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:9828px;left:10138.45px;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:10020px;left:648px;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:10020px;left:867.36px;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:10020px;left:1142.88px;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:10020px;left:1551.99px;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:10020px;left:1744.47px;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:10020px;left:2019.99px;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:10020px;left:2632.78px;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:10020px;left:3275.49px;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:10020px;left:3589.72px;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:10020px;left:4490.19px;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:10020px;left:4946.51px;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:10020px;left:5213.23px;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:10020px;left:6048.9px;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:10020px;left:6244.58px;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:10020px;left:6982.01px;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:10020px;left:7402.96px;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:10020px;left:7717.2px;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:10020px;left:8745.35px;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:10020px;left:9210.79px;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:10020px;left:10129.34px;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:10020px;left:10357.65px;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:10212px;left:648px;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:10212px;left:1427.03px;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:10212px;left:1613.75px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;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:10548px;left:9709.81px;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:10548px;left:10077.49px;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:10740px;left:0px;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:10740px;left:228.32px;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:10740px;left:503.84px;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:10740px;left:1282.87px;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:10740px;left:1469.58px;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:10740px;left:1970.38px;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:10740px;left:2284.61px;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:10740px;left:3036.6px;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:10740px;left:3795.15px;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:10740px;left:4023.47px;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:10740px;left:4298.99px;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:10740px;left:4666.67px;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:10740px;left:5179.47px;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:10740px;left:5446.18px;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:10740px;left:6005.86px;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:10740px;left:6201.54px;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:10740px;left:6775.93px;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:10740px;left:7513.84px;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:10740px;left:7753.67px;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:10740px;left:8381.99px;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:10740px;left:9089.66px;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:10740px;left:9836.37px;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:10932px;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:10932px;left:737.75px;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:10932px;left:966.07px;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:10932px;left:1333.75px;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:10932px;left:1825.74px;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:10932px;left:2092.46px;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:10932px;left:2928.13px;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:10932px;left:3123.81px;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:10932px;left:3251.33px;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:10932px;left:4116.76px;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:10932px;left:4345.08px;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:10932px;left:5032.75px;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:10932px;left:5272.59px;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:10932px;left:5930.02px;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:10932px;left:6158.34px;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:10932px;left:6433.85px;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:10932px;left:7212.89px;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:10932px;left:7399.6px;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:10932px;left:7900.4px;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:10932px;left:8214.63px;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:10932px;left:8966.62px;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:10932px;left:9725.17px;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:10932px;left:10335.73px;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:11124px;left:0px;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:11124px;left:367.68px;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:11124px;left:880.48px;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:11124px;left:1147.19px;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:11124px;left:1982.87px;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:11124px;left:2178.54px;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:11124px;left:2306.06px;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:11124px;left:3171.49px;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:11124px;left:3358.21px;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:11124px;left:4019.48px;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:11124px;left:4662.84px;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:11124px;left:4977.08px;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:11124px;left:5906.98px;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:11124px;left:6093.7px;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:11124px;left:6692.09px;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:11124px;left:7181.04px;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:11124px;left:7409.36px;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:11124px;left:7684.88px;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:11124px;left:8463.91px;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:11124px;left:8650.62px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11460px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11652px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:11844px;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:12036px;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:12036px;left:539.36px;white-space:nowrap">dividends.</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,[encoded data, 11968 characters]);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">Costs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;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:0px;left:6134.02px;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:0px;left:6791.61px;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:0px;left:7390.32px;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:7843.76px;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:0px;left:8110.48px;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:0px;left:8868.71px;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:9227.26px;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:0px;left:9502.78px;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:0px;left:9760.37px;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:0px;left:9947.09px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;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:192px;left:4489.87px;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:192px;left:4857.55px;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:5370.35px;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:192px;left:5598.67px;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:192px;left:5874.18px;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:192px;left:6653.22px;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:6839.93px;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:192px;left:7340.73px;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:192px;left:7654.96px;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:192px;left:8362.47px;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:192px;left:8676.71px;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:192px;left:9337.98px;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:192px;left:9981.34px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:384px;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:720px;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:720px;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:720px;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:720px;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:720px;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:720px;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:720px;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:720px;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:720px;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:720px;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:720px;left:3433.55px;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:720px;left:3709.07px;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:720px;left:4210.19px;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:720px;left:4577.87px;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:720px;left:5090.66px;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:720px;left:5988.25px;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:720px;left:6376.41px;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:720px;left:6572.09px;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:2643.37px;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:2643.37px;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:2643.37px;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:2643.37px;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:2643.37px;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:2643.37px;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:2643.37px;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:2643.37px;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:2643.37px;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:2643.37px;left:4824.27px;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:2643.37px;left:5633.39px;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:2643.37px;left:6302.98px;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:2643.37px;left:6625.69px;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:2643.37px;left:6865.53px;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:2643.37px;left:7141.04px;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:2643.37px;left:7550.16px;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:2643.37px;left:8059.6px;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:2643.37px;left:8335.11px;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:2643.37px;left:8880.07px;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:2643.37px;left:9277.18px;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:2643.37px;left:9792.53px;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:2643.37px;left:10180.69px;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:2835.37px;left:0px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:4824.05px;left:0px;letter-spacing:-0.98px;white-space:nowrap">Variable
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:4824.05px;left:616.15px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:4824.05px;left:980.63px;white-space:nowrap">Demand
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:4824.05px;left:1638.7px;letter-spacing:-0.58px;white-space:nowrap">Preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:4824.05px;left:2340.62px;letter-spacing:-0.48px;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:5169.65px;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:5169.65px;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:5169.65px;left:1013.26px;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:5169.65px;left:1490.54px;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:5169.65px;left:1873.1px;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:5169.65px;left:2367.98px;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:5169.65px;left:2682.21px;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:5169.65px;left:3064.77px;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:5169.65px;left:3962.36px;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:5169.65px;left:4578.51px;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:5169.65px;left:4942.99px;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:5169.65px;left:5601.06px;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:5169.65px;left:6302.98px;white-space:nowrap">(&#8220;VRDP&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5169.65px;left:6999.77px;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:5169.65px;left:7557.05px;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:5169.65px;left:7897.52px;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:5169.65px;left:8025.04px;white-space:nowrap">$100,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5169.65px;left:8736.72px;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:5169.65px;left:9539.27px;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:5169.65px;left:10351.26px;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:5361.65px;left:0px;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:5361.65px;left:468.32px;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:5361.65px;left:915.83px;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:5361.65px;left:1428.63px;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:5361.65px;left:1695.35px;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:5361.65px;left:2190.22px;white-space:nowrap">via
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5361.65px;left:2433.26px;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:5361.65px;left:2969.25px;white-space:nowrap">placement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5361.65px;left:3766.36px;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:5361.65px;left:4080.6px;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:5361.65px;left:4347.32px;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:5361.65px;left:4628.76px;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:5361.65px;left:5227.15px;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:5697.65px;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:5697.65px;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:5697.65px;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:5697.65px;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:5697.65px;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:5697.65px;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:5697.65px;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:5697.65px;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:5697.65px;left:2734.52px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5697.65px;left:3137.72px;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:5697.65px;left:3451.96px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5697.65px;left:3816.6px;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:5697.65px;left:4130.83px;white-space:nowrap">$88,227,438
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5697.65px;left:5064.91px;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:5697.65px;left:5379.15px;white-space:nowrap">$582,141,668
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5697.65px;left:6402.19px;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:5697.65px;left:6849.71px;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:5697.65px;left:7362.5px;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:5697.65px;left:7543.14px;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:5697.65px;left:8345.69px;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:5697.65px;left:9202.16px;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:5697.65px;left:9477.68px;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:5697.65px;left:9664.4px;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:5889.65px;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:5889.65px;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:5889.65px;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:5889.65px;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:5889.65px;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:5889.65px;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:5889.65px;left:3226.04px;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:5889.65px;left:3608.59px;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:5889.65px;left:4109.71px;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:5889.65px;left:4557.23px;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:5889.65px;left:5070.02px;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:5889.65px;left:5967.61px;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:5889.65px;left:6163.29px;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:5889.65px;left:6350.01px;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:5889.65px;left:6625.52px;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:5889.65px;left:6945.68px;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:5889.65px;left:7132.4px;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:5889.65px;left:7407.92px;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:5889.65px;left:8115.59px;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:5889.65px;left:8675.42px;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:5889.65px;left:9063.57px;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:5889.65px;left:9259.25px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8343.29px;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:8535.29px;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:8535.29px;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:8535.29px;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:8535.29px;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:8535.29px;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:8535.29px;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:8535.29px;left:2307.97px;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:8535.29px;left:2583.49px;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:8535.29px;left:3031.01px;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:8535.29px;left:3543.8px;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:8535.29px;left:3810.52px;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:8535.29px;left:4091.96px;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:8535.29px;left:4444.59px;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:8535.29px;left:4637.07px;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:8535.29px;left:4868.27px;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:8535.29px;left:5739.62px;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:8535.29px;left:6646.17px;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:8535.29px;left:7034.65px;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:8535.29px;left:7443.76px;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:8535.29px;left:7594.8px;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:8535.29px;left:8240.56px;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:8535.29px;left:8433.03px;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:8535.29px;left:9028.71px;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:8535.29px;left:9322.31px;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:8535.29px;left:9769.82px;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:8535.29px;left:10282.62px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8727.29px;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:8919.29px;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:8919.29px;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:8919.29px;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:8919.29px;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:8919.29px;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:8919.29px;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:8919.29px;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:8919.29px;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:8919.29px;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:8919.29px;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:8919.29px;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:8919.29px;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:8919.29px;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:8919.29px;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:8919.29px;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:8919.29px;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:8919.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9255.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;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:9447.29px;left:9938.45px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9639.29px;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:9831.29px;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:9831.29px;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:9831.29px;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:9831.29px;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:9831.29px;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:9831.29px;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:9831.29px;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:9831.29px;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:9831.29px;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:9831.29px;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:9831.29px;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:9831.29px;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:9831.29px;left:5928.57px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10167.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10359.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10551.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:10887.29px;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:11079.29px;left:0px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1872.96px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1872.96px;left:2667.69px;white-space:nowrap">Series</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1680.96px;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:160px;font-weight:bold;position:absolute;top:1872.96px;left:3316.65px;white-space:nowrap">Outstanding</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1680.96px;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:160px;font-weight:bold;position:absolute;top:1872.96px;left:4608px;letter-spacing:-1.26px;white-space:nowrap">Preference</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1104.96px;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:160px;font-weight:bold;position:absolute;top:1296.96px;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:160px;font-weight:bold;position:absolute;top:1488.96px;left:6138.57px;white-space:nowrap">net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1488.96px;left:6432px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1680.96px;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:160px;font-weight:bold;position:absolute;top:1872.96px;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:160px;font-weight:bold;position:absolute;top:1872.96px;left:6203.05px;white-space:nowrap">costs</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1680.96px;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:160px;font-weight:bold;position:absolute;top:1872.96px;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:160px;font-weight:bold;position:absolute;top:1872.96px;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:160px;font-weight:bold;position:absolute;top:1872.96px;left:8732.65px;white-space:nowrap">Mode
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1680.96px;left:10172.65px;white-space:nowrap">Mode</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1872.96px;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:160px;font-weight:bold;position:absolute;top:1872.96px;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:160px;font-weight:bold;position:absolute;top:2073.92px;left:0px;letter-spacing:-0.64px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2073.92px;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:160px;position:absolute;top:2073.92px;left:4012.81px;white-space:nowrap">800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2073.92px;left:4524.82px;white-space:nowrap">$80,000,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2073.92px;left:5676.82px;white-space:nowrap">$79,592,302
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2073.92px;left:7149.14px;white-space:nowrap">May
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2073.92px;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:160px;position:absolute;top:2073.92px;left:7664.01px;white-space:nowrap">2047</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2073.92px;left:8754.08px;white-space:nowrap">VRRM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2073.92px;left:9741.14px;white-space:nowrap">May
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2073.92px;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:160px;position:absolute;top:2073.92px;left:10256.01px;white-space:nowrap">2047</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4052.33px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3252.33px;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:160px;font-weight:bold;position:absolute;top:3444.33px;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:160px;font-weight:bold;position:absolute;top:3636.33px;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:160px;font-weight:bold;position:absolute;top:3636.33px;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:160px;font-weight:bold;position:absolute;top:3636.33px;left:8839.84px;white-space:nowrap">MFP</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3828.33px;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:160px;font-weight:bold;position:absolute;top:4020.33px;left:8212.65px;white-space:nowrap">Outstanding</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3828.33px;left:9747.05px;white-space:nowrap">Annualized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4020.33px;left:9525.45px;white-space:nowrap">Dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4020.33px;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:140px;font-weight:bold;position:absolute;top:4350.77px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4303.65px;left:7747.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4303.65px;left:8289.62px;letter-spacing:0px;white-space:nowrap">80,000,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4303.65px;left:10173.93px;white-space:nowrap">2.05</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4303.65px;left:10493.92px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6510.65px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6510.65px;left:4251.69px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6318.65px;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:160px;font-weight:bold;position:absolute;top:6510.65px;left:5044.65px;white-space:nowrap">Outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6318.65px;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:160px;font-weight:bold;position:absolute;top:6510.65px;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:160px;font-weight:bold;position:absolute;top:6318.65px;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:160px;font-weight:bold;position:absolute;top:6510.65px;left:7920px;letter-spacing:-1.26px;white-space:nowrap">Preference
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6510.65px;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:160px;font-weight:bold;position:absolute;top:6711.61px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6711.61px;left:4630.4px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6711.61px;left:5740.81px;white-space:nowrap">890
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6711.61px;left:6861.93px;white-space:nowrap">0.05%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6711.61px;left:7836.82px;white-space:nowrap">$89,000,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6711.61px;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:160px;position:absolute;top:6711.61px;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:160px;position:absolute;top:6711.61px;left:10256.01px;white-space:nowrap">2040</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6912.57px;left:0px;letter-spacing:-0.64px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6912.57px;left:4630.4px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6912.57px;left:5606.41px;white-space:nowrap">1,123
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6912.57px;left:6861.93px;white-space:nowrap">0.10%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6912.57px;left:7744.02px;white-space:nowrap">$112,300,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6912.57px;left:9525.62px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6912.57px;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:160px;position:absolute;top:6912.57px;left:10256.01px;white-space:nowrap">2040</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7113.53px;left:4630.4px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7113.53px;left:5606.41px;white-space:nowrap">1,348</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7113.53px;left:6861.93px;white-space:nowrap">0.10%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7113.53px;left:7744.02px;white-space:nowrap">$134,800,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7113.53px;left:9525.62px;white-space:nowrap">August
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7113.53px;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:160px;position:absolute;top:7113.53px;left:10256.01px;white-space:nowrap">2040</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7314.49px;left:4630.4px;white-space:nowrap">3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7314.49px;left:5606.41px;white-space:nowrap">1,617</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7314.49px;left:6861.93px;white-space:nowrap">0.10%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7314.49px;left:7744.02px;white-space:nowrap">$161,700,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7314.49px;left:9269.94px;white-space:nowrap">December
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7314.49px;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:160px;position:absolute;top:7314.49px;left:10256.01px;white-space:nowrap">2040</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7515.45px;left:4630.4px;white-space:nowrap">5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7515.45px;left:5606.41px;white-space:nowrap">1,750</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7515.45px;left:6861.93px;white-space:nowrap">0.05%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7515.45px;left:7744.02px;white-space:nowrap">$175,000,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7515.45px;left:9690.26px;white-space:nowrap">June
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7515.45px;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:160px;position:absolute;top:7515.45px;left:10256.01px;white-space:nowrap">2046</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7966.41px;left:0px;white-space:nowrap">*
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7966.41px;left:547.2px;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:7966.41px;left:1391.39px;white-space:nowrap">fees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7966.41px;left:1690.01px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7966.41px;left:1861.92px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7966.41px;left:1971.68px;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:7966.41px;left:2742.65px;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:7966.41px;left:2907.85px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7966.41px;left:3148.93px;letter-spacing:-0.39px;white-space:nowrap">aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7966.41px;left:3849.9px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7966.41px;left:4444.47px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7966.41px;left:4970.44px;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:7966.41px;left:5135.64px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7966.41px;left:5313.44px;letter-spacing:0px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7966.41px;left:5706.7px;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:7966.41px;left:6167.15px;letter-spacing:0px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7966.41px;left:6970.04px;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:7966.41px;left:7182.27px;letter-spacing:-0.17px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7966.41px;left:7522.89px;letter-spacing:-0.6px;white-space:nowrap">series.</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4429.43px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11904 characters]);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:160px;font-weight:300;position:absolute;top:2123.64px;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:2123.64px;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:2123.64px;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:2123.64px;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:2123.64px;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:2123.64px;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:2123.64px;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:2123.64px;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:2123.64px;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:2123.64px;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:2123.64px;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:2123.64px;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:2123.64px;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:2123.64px;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:2123.64px;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:2123.64px;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:2123.64px;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:2123.64px;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:2123.64px;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:2123.64px;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:2123.64px;left:8903.57px;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:2123.64px;left:9351.09px;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:2123.64px;left:9863.88px;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:2123.64px;left:10092.2px;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:2315.64px;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:2315.64px;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:2315.64px;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:2315.64px;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:2315.64px;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:2315.64px;left:2532.77px;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:2315.64px;left:3092.92px;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:2315.64px;left:3830.67px;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:2315.64px;left:4058.99px;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:2315.64px;left:4506.5px;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:2315.64px;left:5019.3px;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:2315.64px;left:5286.02px;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:2315.64px;left:6121.69px;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:2315.64px;left:6317.37px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2315.64px;left:6444.89px;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:2315.64px;left:7310.32px;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:2315.64px;left:7497.04px;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:2315.64px;left:8184.71px;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:2315.64px;left:8424.54px;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:2315.64px;left:9081.98px;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:2315.64px;left:9310.29px;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:2315.64px;left:9585.81px;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:2315.64px;left:10364.84px;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:2507.64px;left:0px;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:2507.64px;left:500.79px;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:2507.64px;left:815.03px;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:2507.64px;left:1567.02px;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:2507.64px;left:1993.9px;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:2507.64px;left:2823.49px;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:2507.64px;left:3582.04px;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:2507.64px;left:4192.59px;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:2507.64px;left:4420.91px;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:2507.64px;left:4868.43px;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:2507.64px;left:5381.22px;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:2507.64px;left:5647.94px;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:2507.64px;left:6483.61px;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:2507.64px;left:6679.29px;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:2507.64px;left:6806.81px;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:2507.64px;left:7672.24px;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:2507.64px;left:7858.96px;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:2507.64px;left:8520.23px;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:2507.64px;left:9163.59px;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:2507.64px;left:9477.82px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2699.64px;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:2891.64px;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:2891.64px;left:127.52px;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:2891.64px;left:785.11px;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:2891.64px;left:1360.15px;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:2891.64px;left:1813.58px;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:2891.64px;left:2080.3px;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:2891.64px;left:2838.53px;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:2891.64px;left:3197.08px;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:2891.64px;left:3472.6px;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:2891.64px;left:3730.2px;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:2891.64px;left:3916.91px;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:2891.64px;left:4192.43px;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:2891.64px;left:4684.43px;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:2891.64px;left:4998.67px;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:2891.64px;left:5265.39px;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:2891.64px;left:6101.06px;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:2891.64px;left:6296.74px;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:2891.64px;left:6424.26px;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:2891.64px;left:7289.69px;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:2891.64px;left:7476.4px;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:2891.64px;left:7923.92px;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:2891.64px;left:8436.71px;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:2891.64px;left:8665.03px;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:2891.64px;left:8940.55px;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:2891.64px;left:9719.58px;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:2891.64px;left:9906.3px;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:3083.64px;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:3083.64px;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:3083.64px;left:1021.75px;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:3083.64px;left:1335.98px;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:3083.64px;left:1997.26px;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:3083.64px;left:2640.61px;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:3083.64px;left:2954.85px;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:3083.64px;left:3884.75px;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:3083.64px;left:4071.47px;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:3083.64px;left:4738.02px;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:3083.64px;left:5226.97px;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:3083.64px;left:5455.29px;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:3083.64px;left:5730.81px;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:3083.64px;left:6509.84px;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:3083.64px;left:6696.56px;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:3083.64px;left:7585.34px;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:3083.64px;left:7761.02px;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:3083.64px;left:8397.81px;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:3083.64px;left:8590.29px;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:3083.64px;left:9164.68px;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:3083.64px;left:9852.52px;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:3083.64px;left:10235.08px;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:3275.64px;left:0px;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:3275.64px;left:328.96px;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:3275.64px;left:699.51px;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:3275.64px;left:827.03px;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:3275.64px;left:1111.35px;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:3275.64px;left:1642.07px;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:3275.64px;left:2254.85px;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:3275.64px;left:2524.61px;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:3275.64px;left:2717.09px;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:3275.64px;left:2992.6px;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:3275.64px;left:3605.39px;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:3275.64px;left:4277.86px;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:3275.64px;left:4473.54px;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:3275.64px;left:4799.3px;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:3275.64px;left:4994.98px;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:3275.64px;left:5122.5px;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:3275.64px;left:6022.96px;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:3275.64px;left:6337.2px;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:3275.64px;left:6790.64px;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:3275.64px;left:7057.36px;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:3275.64px;left:7893.03px;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:3275.64px;left:8088.71px;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:3275.64px;left:8826.14px;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:3275.64px;left:9247.09px;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:3275.64px;left:9561.33px;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:3467.64px;left:0px;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:3467.64px;left:465.44px;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:3467.64px;left:1383.99px;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:3467.64px;left:1612.3px;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:3467.64px;left:1887.82px;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:3467.64px;left:2666.85px;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:3467.64px;left:2853.57px;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:3803.64px;left:0px;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:3803.64px;left:701.91px;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:3803.64px;left:1146.55px;letter-spacing:-1.23px;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:4139.64px;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:4139.64px;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:4139.64px;left:1090.39px;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:4139.64px;left:1798.22px;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:4139.64px;left:2290.21px;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:4139.64px;left:2530.05px;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:4139.64px;left:2805.57px;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:4139.64px;left:3282.84px;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:4139.64px;left:3792.28px;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:4139.64px;left:4067.8px;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:4139.64px;left:4586.67px;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:4139.64px;left:5131.63px;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:4139.64px;left:5445.86px;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:4139.64px;left:5827.61px;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:4139.64px;left:6224.73px;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:4139.64px;left:6784.56px;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:4139.64px;left:7261.68px;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:4139.64px;left:8091.27px;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:4139.64px;left:8357.99px;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:4139.64px;left:8826.14px;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:4139.64px;left:8997.98px;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:4139.64px;left:9273.5px;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:4139.64px;left:9972.52px;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:4475.64px;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:4475.64px;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:4475.64px;left:1090.39px;white-space:nowrap">AMTP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4475.64px;left:1570.7px;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:4475.64px;left:2083.5px;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:4475.64px;left:2323.33px;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:4475.64px;left:2598.85px;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:4475.64px;left:3120.61px;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:4475.64px;left:3597.72px;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:4475.64px;left:4427.31px;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:4475.64px;left:4815.47px;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:4475.64px;left:5011.15px;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:5996.56px;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:5996.56px;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:5996.56px;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:5996.56px;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:5996.56px;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:5996.56px;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:5996.56px;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:5996.56px;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:5996.56px;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:5996.56px;left:4394.51px;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:5996.56px;left:4782.67px;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:5996.56px;left:4978.35px;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:7944.27px;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:7944.27px;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:7944.27px;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:7944.27px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8327.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8519.39px;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:8711.39px;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:8711.39px;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:8711.39px;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:8711.39px;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:8711.39px;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:8711.39px;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:8711.39px;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:8711.39px;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:8711.39px;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:8711.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9047.39px;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:9239.39px;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:9239.39px;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:9239.39px;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:9239.39px;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:9239.39px;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:9239.39px;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:9239.39px;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:9239.39px;left:2338.54px;white-space:nowrap">NRK,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9239.39px;left:2747.65px;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:9239.39px;left:3023.17px;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:9239.39px;left:3816.76px;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:9239.39px;left:4524.91px;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:9239.39px;left:4782.67px;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:9239.39px;left:5567.78px;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:9239.39px;left:5760.25px;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:9239.39px;left:6604.56px;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:9239.39px;left:6797.04px;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:9239.39px;left:7244.23px;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:9239.39px;left:7611.91px;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:9239.39px;left:8465.18px;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:9239.39px;left:8924.21px;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:9239.39px;left:9351.09px;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:9239.39px;left:10171.07px;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:9431.39px;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:9431.39px;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:9431.39px;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:9431.39px;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:9431.39px;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:9431.39px;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:9431.39px;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:9431.39px;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:9431.39px;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:9431.39px;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:9431.39px;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:9431.39px;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:9431.39px;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:9431.39px;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:9431.39px;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:9431.39px;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:9431.39px;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:9431.39px;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:9431.39px;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:9431.39px;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:9431.39px;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:9767.39px;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:9767.39px;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:9767.39px;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:9767.39px;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:9767.39px;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:9767.39px;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:9767.39px;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:9767.39px;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:9767.39px;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:9767.39px;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:9767.39px;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:9767.39px;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:9767.39px;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:9767.39px;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:9767.39px;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:9767.39px;left:6693.36px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9767.39px;left:6847.6px;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:9767.39px;left:7366.47px;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:9767.39px;left:7908.55px;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:9767.39px;left:8477.66px;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:9767.39px;left:8735.42px;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:9767.39px;left:9274.29px;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:9767.39px;left:9541.01px;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:9959.39px;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:9959.39px;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:9959.39px;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:9959.39px;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:9959.39px;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:9959.39px;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:9959.39px;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:9959.39px;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:9959.39px;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:9959.39px;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:9959.39px;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:9959.39px;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:9959.39px;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:9959.39px;left:5232.09px;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:9959.39px;left:5643.76px;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:9959.39px;left:5958px;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:9959.39px;left:6334.32px;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:9959.39px;left:6592.07px;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:9959.39px;left:7130.94px;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:9959.39px;left:7471.9px;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:9959.39px;left:7703.1px;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:9959.39px;left:8260.05px;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:9959.39px;left:8452.53px;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:9959.39px;left:9368.2px;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:9959.39px;left:9608.03px;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:9959.39px;left:9824.51px;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:10151.39px;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:10151.39px;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:10151.39px;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:10151.39px;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:10151.39px;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:10151.39px;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:10151.39px;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:10151.39px;left:3306.04px;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:10151.39px;left:4302.03px;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:10151.39px;left:4586.67px;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:10151.39px;left:5256.58px;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:10151.39px;left:5639.14px;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:10151.39px;left:6158.02px;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:10151.39px;left:6415.77px;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:10151.39px;left:7102.96px;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:10151.39px;left:7538.64px;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:10151.39px;left:7778.47px;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:10151.39px;left:7982.79px;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:10151.39px;left:8397.82px;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:10151.39px;left:8655.58px;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:10151.39px;left:9070.46px;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:10151.39px;left:9384.69px;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:10151.39px;left:9669.33px;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:10343.39px;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:10343.39px;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:10343.39px;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:10343.39px;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:10343.39px;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:10343.39px;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:10343.39px;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:10343.39px;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:10343.39px;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:10343.39px;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:10343.39px;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:10343.39px;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:10343.39px;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:10679.39px;left:0px;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:10679.39px;left:844.63px;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:10679.39px;left:1511.35px;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:10679.39px;left:2169.26px;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:10679.39px;left:2409.09px;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:10679.39px;left:3037.41px;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:10679.39px;left:3795.64px;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:10679.39px;left:4109.88px;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:10679.39px;left:4651.95px;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:10679.39px;left:5221.06px;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:10679.39px;left:5478.82px;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:10679.39px;left:6181.05px;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:10679.39px;left:6447.77px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10679.39px;left:7107.92px;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:10679.39px;left:7428.07px;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:10679.39px;left:7620.55px;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:10679.39px;left:8117.98px;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:10679.39px;left:8941.81px;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:10679.39px;left:9113.65px;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:10679.39px;left:9987.72px;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:10871.39px;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:10871.39px;left:314.24px;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:10871.39px;left:785.43px;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:10871.39px;left:1013.75px;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:10871.39px;left:1840.3px;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:10871.39px;left:2823.81px;letter-spacing:-1.78px;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:10871.39px;left:3626.67px;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:10871.39px;left:4450.51px;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:10871.39px;left:4687.62px;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:10871.39px;left:4969.06px;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:10871.39px;left:5517.06px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">reclassification.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10871.39px;left:6684.4px;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:10871.39px;left:6906.8px;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:10871.39px;left:7093.51px;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:10871.39px;left:7440.23px;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:10871.39px;left:7804.87px;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:10871.39px;left:8631.42px;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:10871.39px;left:9455.25px;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:10871.39px;left:9777.97px;letter-spacing:-0.32px;white-space:nowrap">resulted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11063.39px;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:11063.39px;left:171.84px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">reclassifications
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11063.39px;left:1318.38px;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:11063.39px;left:1863.82px;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:11063.39px;left:2139.33px;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:11063.39px;left:3072.92px;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:11063.39px;left:3259.64px;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:11063.39px;left:3535.16px;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:11063.39px;left:4009.23px;letter-spacing:-0.41px;white-space:nowrap">relate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11063.39px;left:4456.43px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11063.39px;left:5116.57px;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:11063.39px;left:5309.05px;white-space:nowrap">nondeductible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11063.39px;left:6393.52px;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:11063.39px;left:6991.91px;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:11063.39px;left:7442.3px;white-space:nowrap">nondeductible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11063.39px;left:8526.77px;letter-spacing:-0.38px;white-space:nowrap">reorganization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11063.39px;left:9590.27px;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:11255.39px;left:0px;white-space:nowrap">taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11255.39px;left:565.91px;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:11255.39px;left:1102.07px;white-space:nowrap">discount,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11255.39px;left:1798.38px;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:11255.39px;left:2213.25px;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:11255.39px;left:2619.17px;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:11255.39px;left:2933.41px;letter-spacing:-0.29px;white-space:nowrap">treatment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11255.39px;left:3673.72px;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:11255.39px;left:3860.43px;white-space:nowrap">notional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11255.39px;left:4485.54px;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:11255.39px;left:5142.97px;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:11255.39px;left:5925.04px;letter-spacing:-1.78px;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:11255.39px;left:6727.91px;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:11255.39px;left:7042.15px;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:11255.39px;left:7868.7px;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:11255.39px;left:8692.53px;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:11255.39px;left:9075.09px;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:11255.39px;left:9303.41px;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:11255.39px;left:9833.64px;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:11255.39px;left:10061.96px;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:11447.39px;left:0px;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:11447.39px;left:518.88px;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:11447.39px;left:794.39px;white-space:nowrap">assets.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1064px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:72px;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:160px;font-weight:bold;position:absolute;top:264px;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:160px;font-weight:bold;position:absolute;top:456px;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:160px;font-weight:bold;position:absolute;top:456px;left:9024px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:648px;left:8745.76px;white-space:nowrap">VRDP</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:840px;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:160px;font-weight:bold;position:absolute;top:1032px;left:8212.65px;white-space:nowrap">Outstanding</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:840px;left:9747.05px;white-space:nowrap">Annualized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1032px;left:9525.45px;white-space:nowrap">Dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1032px;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:140px;font-weight:bold;position:absolute;top:1362.44px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1315.32px;left:7747.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1315.32px;left:8289.62px;letter-spacing:0px;white-space:nowrap">89,000,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1315.32px;left:9957.93px;white-space:nowrap">1.72</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1315.32px;left:10277.92px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1640.76px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NRK</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1593.64px;left:8196.82px;letter-spacing:0px;white-space:nowrap">639,964,384
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1593.64px;left:10091.21px;white-space:nowrap">1.64</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4904.64px;left:8026.88px;letter-spacing:-3.46px;white-space:nowrap">Year
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4904.64px;left:8405.92px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5096.64px;left:7749.77px;letter-spacing:-0.85px;white-space:nowrap">February
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5096.64px;left:8481.28px;letter-spacing:-1.2px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5096.64px;left:8771.2px;white-space:nowrap">2023</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5297.6px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5297.6px;left:7275.69px;white-space:nowrap">Series</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5297.6px;left:8672.01px;letter-spacing:-0.48px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5297.6px;left:10005.29px;white-space:nowrap">Amount</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5498.56px;left:0px;white-space:nowrap">AMTP
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5498.56px;left:477.75px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5498.56px;left:1003.99px;letter-spacing:-0.36px;white-space:nowrap">redeemed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5498.56px;left:7376.01px;white-space:nowrap">2028
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5498.56px;left:8812.81px;white-space:nowrap">(200)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5498.56px;left:9612.83px;white-space:nowrap">$(20,000,000)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6425.56px;left:8026.88px;letter-spacing:-3.46px;white-space:nowrap">Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6425.56px;left:8405.92px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6617.56px;left:7749.77px;letter-spacing:-0.85px;white-space:nowrap">February
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6617.56px;left:8481.28px;letter-spacing:-1.2px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6617.56px;left:8771.2px;white-space:nowrap">2023</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6818.52px;left:0px;letter-spacing:-0.64px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6818.52px;left:7275.69px;white-space:nowrap">Series</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6818.52px;left:8672.01px;letter-spacing:-0.48px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6818.52px;left:10005.29px;white-space:nowrap">Amount</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7019.48px;left:0px;white-space:nowrap">VRDP
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7019.48px;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:160px;position:absolute;top:7019.48px;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:160px;position:absolute;top:7019.48px;left:7654.4px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7019.48px;left:8812.81px;white-space:nowrap">(300)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7019.48px;left:9612.83px;white-space:nowrap">$(30,000,000)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7220.43px;left:7654.4px;white-space:nowrap">4</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7220.43px;left:8812.81px;white-space:nowrap">(500)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7220.43px;left:9625.62px;white-space:nowrap">&#160;&#160;
(50,000,000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7421.39px;left:0px;letter-spacing:-3.07px;white-space:nowrap">Total</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7421.39px;left:8812.81px;white-space:nowrap">(800)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7421.39px;left:9612.83px;white-space:nowrap">$(80,000,000)</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:10461.44px;white-space:nowrap">75</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 13208 characters]);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;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">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:755.83px;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:1120.47px;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:0px;left:1395.99px;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:0px;left:2181.1px;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:0px;left:2518.85px;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:0px;left:2833.09px;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:0px;left:3108.61px;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:3384.13px;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:0px;left:4160.44px;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:0px;left:6136.57px;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:0px;left:6323.29px;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:6527.6px;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:0px;left:7422.31px;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:0px;left:7662.15px;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:0px;left:8204.22px;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:0px;left:8773.33px;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:0px;left:9031.09px;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:0px;left:9733.32px;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:0px;left:10121.48px;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:192px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2432.2px;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:2624.2px;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:2624.2px;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:2624.2px;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:2624.2px;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:2624.2px;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:2624.2px;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:2624.2px;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:2624.2px;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:2624.2px;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:2624.2px;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:2624.2px;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:2624.2px;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:2624.2px;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:2624.2px;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:2624.2px;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:2624.2px;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:2624.2px;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:2624.2px;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:2624.2px;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:2624.2px;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:2960.2px;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:2960.2px;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:2960.2px;left:409.11px;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:2960.2px;left:755.83px;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:2960.2px;left:1120.47px;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:2960.2px;left:1395.99px;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:2960.2px;left:2329.58px;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:2960.2px;left:2516.29px;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:2960.2px;left:3473.56px;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:2960.2px;left:4128.27px;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:2960.2px;left:4356.59px;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:2960.2px;left:4484.11px;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:2960.2px;left:4741.87px;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:2960.2px;left:5141.86px;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:2960.2px;left:5530.02px;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:2960.2px;left:5725.7px;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:5298.23px;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:5298.23px;left:314.24px;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:5298.23px;left:571.99px;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:5298.23px;left:1274.06px;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:5298.23px;left:1460.78px;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:5298.23px;left:2384.44px;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:5298.23px;left:2745.88px;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:5298.23px;left:3057.08px;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:5298.23px;left:3252.75px;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:9062.23px;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:9062.23px;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:9062.23px;left:409.11px;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:9062.23px;left:755.83px;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:9062.23px;left:1120.47px;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:9062.23px;left:1395.99px;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:9062.23px;left:1873.26px;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:9062.23px;left:2187.5px;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:9062.23px;left:2702.85px;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:9062.23px;left:3016.93px;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:9062.23px;left:4059.47px;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:9062.23px;left:4512.91px;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:9062.23px;left:4788.1px;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:9062.23px;left:5069.53px;letter-spacing:-0.41px;white-space:nowrap">expire:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:81.6px;position:absolute;top:10860.98px;left:0px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10863.47px;left:544.7px;letter-spacing:-1.26px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10863.47px;left:675.18px;letter-spacing:-0.21px;white-space:nowrap">portion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10863.47px;left:1179.6px;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:10863.47px;left:1344.79px;letter-spacing:-1.12px;white-space:nowrap">NNY&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10863.47px;left:1764.51px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10863.47px;left:2222.58px;white-space:nowrap">loss
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10863.47px;left:2502.72px;letter-spacing:-0.19px;white-space:nowrap">carryforward
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10863.47px;left:3345.08px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10863.47px;left:3477.24px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10863.47px;left:3974.51px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10863.47px;left:4139.43px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10863.47px;left:4330.53px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10863.47px;left:4794.35px;letter-spacing:-0.13px;white-space:nowrap">limitation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10863.47px;left:5422.24px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10863.47px;left:5839.57px;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:10863.47px;left:6080.65px;white-space:nowrap">Internal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10863.47px;left:6599.62px;letter-spacing:-0.21px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10863.47px;left:7188.03px;letter-spacing:-0.34px;white-space:nowrap">Code
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10863.47px;left:7576.95px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10863.47px;left:7857.23px;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:10863.47px;left:8342.46px;letter-spacing:-0.68px;white-space:nowrap">regulations.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:11305.23px;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:11305.23px;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:11305.23px;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:11305.23px;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:11305.23px;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:11305.23px;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:11305.23px;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:11305.23px;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-style:italic;position:absolute;top:11678.75px;left:0px;white-space:nowrap">Management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:11678.75px;left:995.99px;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:12024.35px;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:12024.35px;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:12024.35px;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:12024.35px;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:12024.35px;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:12024.35px;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:12024.35px;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:12024.35px;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:12024.35px;left:4232.28px;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:12024.35px;left:4507.8px;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:12024.35px;left:5026.19px;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:12024.35px;left:5852.74px;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:12024.35px;left:6486.81px;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:12024.35px;left:6801.04px;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:12024.35px;left:7843.43px;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:12024.35px;left:8447.9px;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:12024.35px;left:8762.14px;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:12024.35px;left:9345.81px;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:12024.35px;left:9781.65px;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:12216.35px;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:12216.35px;left:314.24px;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:12216.35px;left:1220.95px;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:12216.35px;left:1371.98px;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:12216.35px;left:2391.49px;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:12216.35px;left:2631.33px;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:12216.35px;left:2835.48px;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:12216.35px;left:3439.96px;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:12216.35px;left:3632.43px;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:12216.35px;left:3907.95px;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:12216.35px;left:4385.23px;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:12216.35px;left:4758.5px;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:12216.35px;left:5034.02px;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:12216.35px;left:6023.93px;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:12216.35px;left:6361.85px;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:12216.35px;left:6723.28px;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:12216.35px;left:6915.76px;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:12216.35px;left:7191.28px;letter-spacing:-1.84px;white-space:nowrap">Adviser.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1144.96px;left:0px;letter-spacing:-1.47px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1112.96px;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:140px;font-weight:bold;position:absolute;top:1112.96px;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:140px;font-weight:bold;position:absolute;top:944.96px;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:140px;font-weight:bold;position:absolute;top:944.96px;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:140px;font-weight:bold;position:absolute;top:1112.96px;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:140px;font-weight:bold;position:absolute;top:776.96px;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:140px;font-weight:bold;position:absolute;top:944.96px;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:140px;font-weight:bold;position:absolute;top:1112.96px;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:140px;font-weight:bold;position:absolute;top:608.96px;left:10309.08px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:776.96px;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:140px;font-weight:bold;position:absolute;top:944.96px;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:140px;font-weight:bold;position:absolute;top:1112.96px;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:140px;font-weight:bold;position:absolute;top:1367.8px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1335.8px;left:4507.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1335.8px;left:5071.62px;letter-spacing:0px;white-space:nowrap">597,601,815
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1335.8px;left:5947.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1335.8px;left:6674.01px;white-space:nowrap">5,296,935
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1335.8px;left:7387.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1335.8px;left:7948.82px;letter-spacing:0px;white-space:nowrap">(14,617,014)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1335.8px;left:8836px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1335.8px;left:9812.02px;white-space:nowrap">(9,320,079)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1585.64px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NRK</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1553.64px;left:4954.02px;letter-spacing:0px;white-space:nowrap">1,657,002,403
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1553.64px;left:6592.82px;white-space:nowrap">30,687,905</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1553.64px;left:7948.82px;letter-spacing:0px;white-space:nowrap">(34,661,521)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1553.64px;left:9812.02px;white-space:nowrap">(3,973,616)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1803.48px;left:0px;letter-spacing:-1.12px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1771.48px;left:5071.62px;letter-spacing:0px;white-space:nowrap">167,939,588</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1771.48px;left:6674.01px;white-space:nowrap">2,160,071
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1771.48px;left:8030.02px;white-space:nowrap">(3,370,315)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1771.48px;left:9812.02px;white-space:nowrap">(1,210,244)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:2021.32px;left:0px;white-space:nowrap">NXN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1989.32px;left:5152.82px;white-space:nowrap">50,090,555
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1989.32px;left:6791.61px;white-space:nowrap">439,580</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1989.32px;left:8030.02px;white-space:nowrap">(1,310,412)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1989.32px;left:9929.62px;white-space:nowrap">(870,832)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3745.16px;left:0px;letter-spacing:-1.47px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3377.16px;left:1431.99px;white-space:nowrap">Undistributed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3545.16px;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:140px;font-weight:bold;position:absolute;top:3713.16px;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:3710.67px;left:2323.27px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3377.16px;left:2583.99px;white-space:nowrap">Undistributed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3545.16px;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:140px;font-weight:bold;position:absolute;top:3713.16px;left:3025.55px;white-space:nowrap">Income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3377.16px;left:3807.99px;white-space:nowrap">Undistributed
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3545.16px;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:140px;font-weight:bold;position:absolute;top:3713.16px;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:140px;font-weight:bold;position:absolute;top:3713.16px;left:4371.35px;white-space:nowrap">Gains</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3377.16px;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:140px;font-weight:bold;position:absolute;top:3545.16px;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:140px;font-weight:bold;position:absolute;top:3713.16px;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:140px;font-weight:bold;position:absolute;top:3545.16px;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:140px;font-weight:bold;position:absolute;top:3545.16px;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:140px;font-weight:bold;position:absolute;top:3713.16px;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:140px;font-weight:bold;position:absolute;top:3545.16px;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:140px;font-weight:bold;position:absolute;top:3545.16px;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:140px;font-weight:bold;position:absolute;top:3713.16px;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:140px;font-weight:bold;position:absolute;top:3377.16px;left:9251.52px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3545.16px;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:140px;font-weight:bold;position:absolute;top:3713.16px;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:140px;font-weight:bold;position:absolute;top:3713.16px;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:140px;font-weight:bold;position:absolute;top:3968px;left:0px;white-space:nowrap">NAN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3936px;left:1167.8px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3936px;left:1827.41px;white-space:nowrap">987,975</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3936px;left:2391.8px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3936px;left:3213.81px;white-space:nowrap">1,131</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3936px;left:3615.8px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3936px;left:4715px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3936px;left:4839.8px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3936px;left:5297.82px;white-space:nowrap">(9,320,079)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3936px;left:6063.8px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3936px;left:6440.62px;white-space:nowrap">(48,440,051)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3936px;left:7287.8px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3936px;left:8387px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3936px;left:8511.8px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3936px;left:8969.82px;white-space:nowrap">(1,156,925)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3936px;left:9735.8px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3936px;left:10112.62px;white-space:nowrap">(57,927,949)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:4185.84px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4153.84px;left:1709.81px;white-space:nowrap">2,754,982</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4153.84px;left:3491px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4153.84px;left:4715px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4153.84px;left:5297.82px;white-space:nowrap">(3,973,616)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4153.84px;left:6359.42px;letter-spacing:0px;white-space:nowrap">(143,297,049)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4153.84px;left:8387px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4153.84px;left:8969.82px;white-space:nowrap">(3,009,618)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4153.84px;left:10031.42px;letter-spacing:0px;white-space:nowrap">(147,525,301)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:4403.67px;left:0px;letter-spacing:-1.12px;white-space:nowrap">NNY</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.67px;left:1827.41px;white-space:nowrap">584,293
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.67px;left:3213.81px;white-space:nowrap">9,999</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.67px;left:4715px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.67px;left:5297.82px;white-space:nowrap">(1,210,244)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.67px;left:6521.82px;white-space:nowrap">(9,764,009)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.67px;left:8387px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.67px;left:9087.42px;white-space:nowrap">(491,037)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.67px;left:10112.62px;white-space:nowrap">(10,870,998)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:4621.51px;left:0px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4589.51px;left:1827.41px;white-space:nowrap">182,212</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4589.51px;left:3491px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4589.51px;left:4715px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4589.51px;left:5415.42px;white-space:nowrap">(870,832)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4589.51px;left:6521.82px;white-space:nowrap">(4,064,297)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4589.51px;left:8387px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4589.51px;left:9087.42px;white-space:nowrap">(151,108)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4589.51px;left:10193.82px;white-space:nowrap">(4,904,025)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:81.6px;position:absolute;top:4894.87px;left:0px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4897.35px;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:4897.35px;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:4897.35px;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:4897.35px;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:4897.35px;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:4897.35px;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:4897.35px;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:4897.35px;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:4897.35px;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:4897.35px;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:4897.35px;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:4897.35px;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:4897.35px;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:4897.35px;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:4897.35px;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:4897.35px;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:4897.35px;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:4897.35px;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:4897.35px;left:7744.65px;letter-spacing:-0.7px;white-space:nowrap">2023,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4897.35px;left:8136.64px;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:4897.35px;left:8416.92px;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:4897.35px;left:8739.75px;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:4897.35px;left:8941.63px;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:4897.35px;left:9374.93px;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:4897.35px;left:9523.33px;letter-spacing:-0.84px;white-space:nowrap">2023.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6019.19px;left:4367px;white-space:nowrap">2/28/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6019.19px;left:8327px;white-space:nowrap">2/28/22</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6437.03px;left:0px;letter-spacing:-1.47px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6237.03px;left:3135.02px;letter-spacing:-1.65px;white-space:nowrap">Tax-Exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6405.03px;left:3376.02px;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:6402.55px;left:3878.47px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6237.03px;left:4621.29px;letter-spacing:-0.28px;white-space:nowrap">Ordinary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6405.03px;left:4724.75px;white-space:nowrap">Income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6237.03px;left:5816.07px;letter-spacing:-1.6px;white-space:nowrap">Long-Term
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6405.03px;left:5626.93px;letter-spacing:-0.31px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6405.03px;left:6142.55px;white-space:nowrap">Gains</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6237.03px;left:7023.02px;letter-spacing:-1.82px;white-space:nowrap">Tax-Exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6405.03px;left:7316.75px;white-space:nowrap">Income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6237.03px;left:8509.29px;letter-spacing:-0.31px;white-space:nowrap">Ordinary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6405.03px;left:8612.75px;white-space:nowrap">Income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6237.03px;left:9848.07px;letter-spacing:-1.77px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6405.03px;left:9658.93px;letter-spacing:-0.31px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6405.03px;left:10174.55px;white-space:nowrap">Gains</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6720.35px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6688.35px;left:2729px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6688.35px;left:3254.82px;white-space:nowrap">16,609,131
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6688.35px;left:4025px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6688.35px;left:4749.61px;white-space:nowrap">112,292
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6688.35px;left:5321px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6688.35px;left:6485.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6688.35px;left:6617px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6688.35px;left:7142.82px;white-space:nowrap">18,604,540
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6688.35px;left:7913px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6688.35px;left:8637.61px;white-space:nowrap">106,794
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6688.35px;left:9221px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6688.35px;left:10514.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:6998.67px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NRK</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6966.67px;left:3254.82px;white-space:nowrap">46,060,243
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6966.67px;left:5189.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6966.67px;left:6485.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6966.67px;left:7142.82px;white-space:nowrap">50,236,043</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6966.67px;left:8718.81px;white-space:nowrap">11,495
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6966.67px;left:10514.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7276.99px;left:0px;letter-spacing:-1.12px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7244.99px;left:3336.01px;white-space:nowrap">5,530,961</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7244.99px;left:4830.81px;white-space:nowrap">49,868
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7244.99px;left:6485.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7244.99px;left:7224.01px;white-space:nowrap">5,192,261
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7244.99px;left:8718.81px;white-space:nowrap">40,737</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7244.99px;left:10514.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7720.83px;left:2603px;white-space:nowrap">2/28/23</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7552.83px;left:5242.68px;white-space:nowrap">Eleven
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7552.83px;left:5736.87px;white-space:nowrap">Months
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7552.83px;left:6284.83px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7720.83px;left:5699px;white-space:nowrap">2/28/22
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7720.83px;left:8795px;white-space:nowrap">3/31/21</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7906.67px;left:1767.02px;letter-spacing:-1.82px;white-space:nowrap">Tax-Exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8074.67px;left:2008.02px;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:8072.19px;left:2510.47px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7906.67px;left:2893.29px;letter-spacing:-0.31px;white-space:nowrap">Ordinary</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8074.67px;left:2996.75px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7906.67px;left:3728.07px;letter-spacing:-1.77px;white-space:nowrap">Long-Term</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8074.67px;left:3538.93px;letter-spacing:-0.31px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8074.67px;left:4054.55px;white-space:nowrap">Gains</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7906.67px;left:4863.02px;letter-spacing:-1.82px;white-space:nowrap">Tax-Exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8074.67px;left:5156.75px;white-space:nowrap">Income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7906.67px;left:5989.29px;letter-spacing:-0.31px;white-space:nowrap">Ordinary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8074.67px;left:6092.75px;white-space:nowrap">Income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7906.67px;left:6824.07px;letter-spacing:-1.77px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8074.67px;left:6634.93px;letter-spacing:-0.31px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8074.67px;left:7150.55px;white-space:nowrap">Gains</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7906.67px;left:7959.02px;letter-spacing:-1.82px;white-space:nowrap">Tax-Exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8074.67px;left:8252.75px;white-space:nowrap">Income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7906.67px;left:9085.29px;letter-spacing:-0.31px;white-space:nowrap">Ordinary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8074.67px;left:9188.75px;white-space:nowrap">Income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:7906.67px;left:9920.07px;letter-spacing:-1.77px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8074.67px;left:9730.93px;letter-spacing:-0.31px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8074.67px;left:10246.55px;white-space:nowrap">Gains</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:8265.51px;left:0px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8265.51px;left:1840.82px;white-space:nowrap">$1,639,968</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8265.51px;left:3056.81px;white-space:nowrap">$4,563
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8265.51px;left:4298px;white-space:nowrap">$&#8211;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8265.51px;left:4936.82px;white-space:nowrap">$1,488,830
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8265.51px;left:6270.41px;white-space:nowrap">$668</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8265.51px;left:7394px;white-space:nowrap">$&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8265.51px;left:8032.82px;white-space:nowrap">$1,830,963</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8265.51px;left:9554px;white-space:nowrap">$&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8265.51px;left:10490px;white-space:nowrap">$&#8211;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:81.6px;position:absolute;top:8538.86px;left:0px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8541.35px;left:547.2px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8541.35px;left:891.46px;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:8541.35px;left:1251.12px;letter-spacing:-0.13px;white-space:nowrap">designates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8541.35px;left:1982.32px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8541.35px;left:2365.64px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8541.35px;left:2953.77px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8541.35px;left:3276.61px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8541.35px;left:3737.34px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8541.35px;left:3978.42px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8541.35px;left:4442.51px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8541.35px;left:4614.43px;letter-spacing:-0.12px;white-space:nowrap">Exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8541.35px;left:5136.2px;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:8541.35px;left:5647.89px;letter-spacing:-0.42px;white-space:nowrap">Dividends.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:9511.19px;left:0px;letter-spacing:-1.47px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:9479.19px;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:140px;font-weight:bold;position:absolute;top:9479.19px;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:140px;font-weight:bold;position:absolute;top:9479.19px;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:140px;font-weight:bold;position:absolute;top:9794.51px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9762.51px;left:6307.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9762.51px;left:6952.82px;white-space:nowrap">36,165,694
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9762.51px;left:7747.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9762.51px;left:8392.82px;white-space:nowrap">12,274,357
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9762.51px;left:9187.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9762.51px;left:9832.82px;white-space:nowrap">48,440,051
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:10072.83px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NRK</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10040.83px;left:6952.82px;white-space:nowrap">97,478,430
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10040.83px;left:8392.82px;white-space:nowrap">45,818,619</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10040.83px;left:9751.62px;letter-spacing:0px;white-space:nowrap">143,297,049
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:10351.15px;left:0px;white-space:nowrap">NNY</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:81.6px;font-weight:bold;position:absolute;top:10348.66px;left:314.86px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10319.15px;left:7034.01px;white-space:nowrap">6,038,803</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10319.15px;left:8474.01px;white-space:nowrap">3,725,206
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10319.15px;left:9914.01px;white-space:nowrap">9,764,009</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:10629.47px;left:0px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10597.47px;left:7034.01px;white-space:nowrap">2,540,392</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10597.47px;left:8474.01px;white-space:nowrap">1,523,905
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10597.47px;left:9914.01px;white-space:nowrap">4,064,297</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4429.43px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12584 characters]);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">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8721.19px;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:192px;left:8848.71px;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:9272.38px;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:9846.77px;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: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">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:3425.24px;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:384px;left:3926.36px;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:4880.43px;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:384px;left:5072.91px;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:384px;left:5621.06px;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:384px;left:5994.33px;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:6539.28px;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:384px;left:6711.12px;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:384px;left:6986.64px;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:7460.72px;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:7928.55px;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:8295.58px;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:9068.85px;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:384px;left:9477.97px;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:384px;left:9673.65px;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:9999.4px;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:10195.08px;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:576px;left:0px;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:544.95px;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:576px;left:716.79px;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:576px;left:992.31px;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:576px;left:1582.06px;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:576px;left:1768.78px;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:2817.72px;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:576px;left:3291.8px;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:4012.11px;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:576px;left:4231.47px;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:576px;left:4506.99px;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:912px;left:0px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:385.28px;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:755.83px;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:912px;left:972.31px;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:1488.15px;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:2240.78px;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:912px;left:2555.02px;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:3165.58px;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:3817.57px;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:912px;left:4004.28px;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:4493.4px;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:912px;left:4680.12px;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:912px;left:4955.64px;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:5572.11px;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:5951.31px;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:6226.82px;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:6700.9px;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:912px;left:6887.61px;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:912px;left:7163.13px;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:912px;left:7616.73px;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:912px;left:7812.41px;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:8138.16px;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:912px;left:8333.84px;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:8911.92px;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:912px;left:9098.64px;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:912px;left:9374.16px;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:9797.83px;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">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:3802.52px;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:1632px;left:4116.76px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:4481.4px;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:1632px;left:4632.44px;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:5402.83px;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:6152.58px;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:1632px;left:6345.05px;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:1632px;left:6620.57px;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:7319.6px;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: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">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3965.72px;left:3793.56px;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:3944.6px;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:4714.99px;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:5464.74px;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:3965.72px;left:5657.22px;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:3965.72px;left:5932.74px;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:6631.76px;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:6495.39px;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:6495.39px;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:6495.39px;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:6495.39px;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:6495.39px;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:6495.39px;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:6495.39px;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:6495.39px;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:6495.39px;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:6495.39px;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:6495.39px;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:6495.39px;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:6495.39px;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:6495.39px;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:6495.39px;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:6495.39px;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:6495.39px;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:6495.39px;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:6495.39px;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:6495.39px;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:6687.39px;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:6687.39px;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:6687.39px;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:6687.39px;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:6687.39px;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:6687.39px;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:6687.39px;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:6687.39px;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:6687.39px;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:6687.39px;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:6687.39px;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:6687.39px;left:4770.99px;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:6687.39px;left:5245.06px;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:6687.39px;left:5484.9px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6687.39px;left:5870.18px;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:6687.39px;left:6184.41px;white-space:nowrap">NXN):</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;left:0px;white-space:nowrap">*
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;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:140px;position:absolute;top:10383.78px;left:300.63px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;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:140px;position:absolute;top:10383.78px;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:140px;position:absolute;top:10383.78px;left:1604.61px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;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:140px;position:absolute;top:10383.78px;left:2533.71px;white-space:nowrap">include
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;left:2980.1px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;left:3619.28px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;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:140px;position:absolute;top:10383.78px;left:4275.91px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;left:4840.86px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;left:5005.02px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;left:5214.14px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;left:5653.65px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;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:140px;position:absolute;top:10383.78px;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:140px;position:absolute;top:10383.78px;left:6790.58px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;left:6930.58px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;left:7340.49px;white-space:nowrap">types
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;left:7666.73px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;left:7808.48px;letter-spacing:-0.58px;white-space:nowrap">leverage.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;left:8348.31px;letter-spacing:-0.96px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;left:8551.67px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;left:8885.74px;letter-spacing:-0.48px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;left:9460.29px;letter-spacing:-0.11px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10383.78px;left:9970.19px;white-space:nowrap">includes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:180px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:392px;white-space:nowrap">funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:769.11px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:995.98px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:1137.74px;letter-spacing:-0.19px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:1687px;white-space:nowrap">stock
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:1999.16px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:2243.15px;letter-spacing:-0.09px;white-space:nowrap">borrowings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:2906.18px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:3150.17px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:3560.08px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:4273.51px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:4413.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:4625.5px;letter-spacing:-0.11px;white-space:nowrap">residual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:5104.85px;letter-spacing:-0.11px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:5557.48px;text-rendering:optimizeLegibility;white-space:nowrap">certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:6181.14px;white-space:nowrap">(also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:6475.38px;white-space:nowrap">called
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:6836.01px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:7269.59px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:7732.3px;letter-spacing:-0.19px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:7977.1px;white-space:nowrap">securities)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:8574.04px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:8714.04px;white-space:nowrap">tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:9112.59px;white-space:nowrap">option
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:9507.94px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:9832.25px;letter-spacing:-0.32px;white-space:nowrap">(TOB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10575.78px;left:10163.61px;letter-spacing:-0.6px;white-space:nowrap">trusts,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:180px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:743.66px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:955.66px;white-space:nowrap">portion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:1394.85px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:1536.6px;letter-spacing:-0.14px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:1900.76px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:2182.51px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:2346.67px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:2437.07px;letter-spacing:-0.48px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:2688.43px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:2971.46px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:3220.42px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:3443.77px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:3758.49px;letter-spacing:-0.16px;white-space:nowrap">effectively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:4349.2px;text-rendering:optimizeLegibility;white-space:nowrap">financed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:4862.94px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:5027.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:5239.1px;letter-spacing:-0.24px;white-space:nowrap">trust&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:5604.85px;letter-spacing:-0.11px;white-space:nowrap">issuance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:6113.96px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:6255.72px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:6718.42px;letter-spacing:-0.19px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:6963.22px;letter-spacing:-0.4px;white-space:nowrap">securities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:7550.08px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:7980.63px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:8120.63px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:8290.07px;letter-spacing:-0.1px;white-space:nowrap">agreement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:8934.06px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:9098.21px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:9307.33px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:9746.84px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:9895.48px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10767.78px;left:10035.48px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:180px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:526.87px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:666.87px;white-space:nowrap">limit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:956.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:1168.14px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:1637.25px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:1779.01px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:2066.68px;letter-spacing:-0.14px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:2430.84px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:2612.59px;white-space:nowrap">determining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:3345.37px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:3910.32px;letter-spacing:-0.14px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:4274.48px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:4414.47px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:4824.38px;letter-spacing:-0.38px;white-space:nowrap">circumstances.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:5665.01px;letter-spacing:-0.24px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:5890.77px;letter-spacing:-0.21px;white-space:nowrap">complex-level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:6695.55px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:6898.43px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:7017.62px;white-space:nowrap">calculated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:7611.85px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:7977.28px;white-space:nowrap">upon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:8302.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:8514.23px;letter-spacing:-0.1px;white-space:nowrap">aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:9115.01px;white-space:nowrap">daily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:9414.21px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:9979.16px;letter-spacing:-0.14px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10959.78px;left:10343.31px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:180px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:344.63px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:809.74px;white-space:nowrap">open-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:1380.77px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:1624.76px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:2263.95px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:2610.82px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:2859.78px;white-space:nowrap">constitute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:3441.21px;letter-spacing:-0.87px;white-space:nowrap">&#8216;&#8217;eligible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:3946.95px;letter-spacing:-1.39px;white-space:nowrap">assets.&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:4384.7px;white-space:nowrap">Eligible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:4838.77px;letter-spacing:-0.14px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:5202.92px;white-space:nowrap">do
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:5377.48px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:5592.67px;white-space:nowrap">include
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:6039.06px;letter-spacing:-0.14px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:6403.22px;letter-spacing:-0.15px;white-space:nowrap">attributable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:7086.4px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:7226.4px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:7939.82px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:8079.82px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:8406.05px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:8871.16px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:9218.03px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:9361.87px;letter-spacing:-0.14px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:9726.03px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:9866.02px;letter-spacing:-0.41px;white-space:nowrap">excess
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:10251.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11151.78px;left:10392.89px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;left:180px;white-space:nowrap">determined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;left:870.06px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;left:1339.17px;white-space:nowrap">(originally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;left:1938.2px;white-space:nowrap">$2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;left:2118.19px;white-space:nowrap">billion)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;left:2548.74px;white-space:nowrap">added
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;left:2934.33px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;left:3074.32px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;left:3286.32px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;left:3751.43px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;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:140px;position:absolute;top:11343.78px;left:4548.69px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;left:4688.69px;white-space:nowrap">connection
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;left:5335.07px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;left:5606.59px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;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:140px;position:absolute;top:11343.78px;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:140px;position:absolute;top:11343.78px;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:140px;position:absolute;top:11343.78px;left:7166.4px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;left:7378.39px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;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:140px;position:absolute;top:11343.78px;left:8307.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;left:8519.49px;white-space:nowrap">former
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;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:140px;position:absolute;top:11343.78px;left:9187.48px;white-space:nowrap">American
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11343.78px;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:140px;position:absolute;top:11343.78px;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:140px;position:absolute;top:11535.78px;left:180px;letter-spacing:-0.12px;white-space:nowrap">January
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;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:140px;position:absolute;top:11535.78px;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:140px;position:absolute;top:11535.78px;left:1147.82px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;left:1367.17px;white-space:nowrap">do
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;left:1541.73px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;left:1756.92px;white-space:nowrap">include
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;left:2203.31px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;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:140px;position:absolute;top:11535.78px;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:140px;position:absolute;top:11535.78px;left:3119.13px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;left:3529.04px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;left:3994.15px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;left:4341.02px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;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:140px;position:absolute;top:11535.78px;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:140px;position:absolute;top:11535.78px;left:5588.35px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;left:5838.75px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;left:6185.62px;white-space:nowrap">advised
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;left:6646.25px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;left:6810.41px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;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:140px;position:absolute;top:11535.78px;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:140px;position:absolute;top:11535.78px;left:7567.67px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;left:7776.79px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;left:8216.3px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;left:8624.44px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;left:8836.44px;white-space:nowrap">2019
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;left:9166.83px;white-space:nowrap">calendar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;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:140px;position:absolute;top:11535.78px;left:9963.94px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11535.78px;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:140px;position:absolute;top:11727.78px;left:180px;letter-spacing:-0.43px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11727.78px;left:698.87px;letter-spacing:-1.2px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11727.78px;left:908.78px;letter-spacing:-0.8px;white-space:nowrap">2023,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11727.78px;left:1269.09px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11727.78px;left:1481.09px;letter-spacing:-0.21px;white-space:nowrap">complex-level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11727.78px;left:2285.87px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11727.78px;left:2488.75px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11727.78px;left:2670.51px;letter-spacing:-0.19px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11727.78px;left:2959.94px;letter-spacing:-0.77px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11727.78px;left:3274.02px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11727.78px;left:3514.65px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11727.78px;left:3663.29px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:2061px;left:8673.76px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2061px;left:10066.88px;letter-spacing:-0.64px;white-space:nowrap">NRK</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;position:absolute;top:3467.72px;left:9905.61px;white-space:nowrap">0.3625</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4394.72px;left:10290.72px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4595.67px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4595.67px;left:693.75px;white-space:nowrap">Daily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4595.67px;left:1133.9px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4595.67px;left:1452.3px;white-space:nowrap">Assets*</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4595.67px;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:160px;font-weight:bold;position:absolute;top:4595.67px;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:160px;font-weight:bold;position:absolute;top:4595.67px;left:10308px;letter-spacing:-0.88px;white-space:nowrap">Rate</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4796.63px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4796.63px;left:277.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4796.63px;left:553.11px;text-rendering:optimizeLegibility;white-space:nowrap">first
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4796.63px;left:859.5px;white-space:nowrap">$125
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4796.63px;left:1270.7px;white-space:nowrap">million</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4796.63px;left:10150.41px;white-space:nowrap">0.1000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4796.63px;left:10656px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4997.59px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4997.59px;left:277.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4997.59px;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:160px;position:absolute;top:4997.59px;left:904.79px;white-space:nowrap">$125
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4997.59px;left:1315.98px;white-space:nowrap">million</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4997.59px;left:10150.41px;white-space:nowrap">0.0875
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5198.55px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5198.55px;left:277.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5198.55px;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:160px;position:absolute;top:5198.55px;left:904.79px;white-space:nowrap">$250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5198.55px;left:1315.98px;white-space:nowrap">million</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5198.55px;left:10150.41px;white-space:nowrap">0.0750
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5399.51px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5399.51px;left:277.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5399.51px;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:160px;position:absolute;top:5399.51px;left:904.79px;white-space:nowrap">$500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5399.51px;left:1315.98px;white-space:nowrap">million</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5399.51px;left:10150.41px;white-space:nowrap">0.0625
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5600.47px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5600.47px;left:277.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5600.47px;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:160px;position:absolute;top:5600.47px;left:904.79px;white-space:nowrap">$1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5600.47px;left:1130.38px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5600.47px;left:10150.41px;white-space:nowrap">0.5000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5801.43px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5801.43px;left:277.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5801.43px;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:160px;position:absolute;top:5801.43px;left:904.79px;white-space:nowrap">$3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5801.43px;left:1130.38px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5801.43px;left:10150.41px;white-space:nowrap">0.0250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6002.39px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6002.39px;left:277.6px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6002.39px;left:1017.27px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6002.39px;left:1498.06px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6002.39px;left:1863.01px;white-space:nowrap">$5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6002.39px;left:2088.61px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6002.39px;left:10150.41px;white-space:nowrap">0.0125
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7072.35px;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:160px;font-weight:bold;position:absolute;top:7072.35px;left:1198.71px;white-space:nowrap">Eligible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7072.35px;left:1829.1px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7072.35px;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:160px;font-weight:bold;position:absolute;top:7072.35px;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:160px;font-weight:bold;position:absolute;top:7072.35px;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:160px;font-weight:bold;position:absolute;top:7072.35px;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:160px;font-weight:bold;position:absolute;top:7072.35px;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:160px;font-weight:bold;position:absolute;top:7072.35px;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:160px;font-weight:bold;position:absolute;top:7072.35px;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:160px;font-weight:bold;position:absolute;top:7072.35px;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:160px;font-weight:bold;position:absolute;top:7072.35px;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:160px;position:absolute;top:7273.31px;left:0px;white-space:nowrap">$55
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7273.31px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7273.31px;left:9977.61px;white-space:nowrap">0.2000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7273.31px;left:10483.2px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7474.27px;left:0px;white-space:nowrap">$56
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7474.27px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7474.27px;left:9977.61px;white-space:nowrap">0.1996
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7675.23px;left:0px;white-space:nowrap">$57
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7675.23px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7675.23px;left:9977.61px;white-space:nowrap">0.1989
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7876.19px;left:0px;white-space:nowrap">$60
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7876.19px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7876.19px;left:9977.61px;white-space:nowrap">0.1961
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8077.15px;left:0px;white-space:nowrap">$63
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8077.15px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8077.15px;left:9977.61px;white-space:nowrap">0.1931
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8278.11px;left:0px;white-space:nowrap">$66
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8278.11px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8278.11px;left:9977.61px;white-space:nowrap">0.1900
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8479.07px;left:0px;white-space:nowrap">$71
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8479.07px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8479.07px;left:9977.61px;white-space:nowrap">0.1851
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8680.03px;left:0px;white-space:nowrap">$76
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8680.03px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8680.03px;left:9977.61px;white-space:nowrap">0.1806
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8880.99px;left:0px;white-space:nowrap">$80
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8880.99px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8880.99px;left:9977.61px;white-space:nowrap">0.1773
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9081.95px;left:0px;white-space:nowrap">$91
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9081.95px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9081.95px;left:9977.61px;white-space:nowrap">0.1691
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9282.9px;left:0px;white-space:nowrap">$125
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9282.9px;left:411.19px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9282.9px;left:9977.61px;white-space:nowrap">0.1599
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9483.86px;left:0px;white-space:nowrap">$200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9483.86px;left:411.19px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9483.86px;left:9977.61px;white-space:nowrap">0.1505
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9684.82px;left:0px;white-space:nowrap">$250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9684.82px;left:411.19px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9684.82px;left:9977.61px;white-space:nowrap">0.1469
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9885.78px;left:0px;white-space:nowrap">$300
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9885.78px;left:411.19px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9885.78px;left:9977.61px;white-space:nowrap">0.1445
</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">77</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11720 characters]);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:160px;font-style:italic;position:absolute;top:1657.24px;left:0px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:1657.24px;left:462.08px;letter-spacing:-1.13px;white-space:nowrap">Transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:1657.24px;left:1380.62px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:1657.24px;left:1721.1px;text-rendering:optimizeLegibility;white-space:nowrap">Affiliates&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2002.84px;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:2002.84px;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:2002.84px;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:2002.84px;left:948.63px;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:2002.84px;left:1703.5px;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:2002.84px;left:1895.97px;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:2002.84px;left:2583.65px;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:2002.84px;left:2776.13px;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:2002.84px;left:3054.52px;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:2002.84px;left:3762.35px;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:2002.84px;left:4135.63px;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:2002.84px;left:4328.1px;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:2002.84px;left:4520.58px;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:2002.84px;left:5047.77px;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:2002.84px;left:5471.28px;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:2002.84px;left:5906.96px;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:2002.84px;left:6099.43px;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:2002.84px;left:6775.27px;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:2002.84px;left:7495.58px;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:2002.84px;left:7714.94px;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:2002.84px;left:7990.46px;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:2002.84px;left:8897.17px;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:2002.84px;left:9706.11px;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:2194.84px;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:2194.84px;left:462.24px;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:2194.84px;left:1149.75px;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:2194.84px;left:1934.86px;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:2194.84px;left:2568.77px;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:2194.84px;left:2740.61px;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:2194.84px;left:3588.12px;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:2194.84px;left:4245.87px;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:2194.84px;left:4465.23px;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:2194.84px;left:4740.74px;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:2194.84px;left:5211.94px;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:2194.84px;left:6338px;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:2194.84px;left:6809.36px;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:2194.84px;left:7656.87px;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:2194.84px;left:8039.43px;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:2194.84px;left:8448.55px;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:2194.84px;left:9159.74px;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:2194.84px;left:9352.22px;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:2194.84px;left:9870.94px;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:2194.84px;left:10193.65px;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:2386.84px;left:0px;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:2386.84px;left:832.31px;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:2386.84px;left:1019.02px;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:2386.84px;left:1726.85px;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:2386.84px;left:1946.21px;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:2386.84px;left:2221.73px;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:2386.84px;left:2630.85px;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:2386.84px;left:3004.12px;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:2386.84px;left:3196.6px;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:2386.84px;left:3389.07px;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:2386.84px;left:3605.55px;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:2386.84px;left:4289.86px;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:2386.84px;left:4739.93px;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:2386.84px;left:4959.29px;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:2386.84px;left:5403.44px;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:2386.84px;left:5590.16px;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:2386.84px;left:6108.87px;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:2386.84px;left:6236.39px;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:2386.84px;left:6909.35px;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:2386.84px;left:7735.9px;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:2386.84px;left:8286.93px;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:2386.84px;left:8521px;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:2386.84px;left:9178.59px;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:2386.84px;left:10005.14px;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:2578.84px;left:0px;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:2578.84px;left:672.95px;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:2578.84px;left:1161.9px;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:2578.84px;left:1683.34px;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:2578.84px;left:2356.29px;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:2578.84px;left:2895.16px;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:2578.84px;left:3579.63px;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:2578.84px;left:3920.1px;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:2578.84px;left:4275.78px;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:2578.84px;left:4723.46px;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:2578.84px;left:5185.7px;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:2578.84px;left:5461.21px;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:2578.84px;left:5861.53px;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:2578.84px;left:6190.49px;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:2578.84px;left:6661.85px;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:2578.84px;left:7556.39px;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:2578.84px;left:7823.11px;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:2578.84px;left:8454.3px;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:2578.84px;left:8634.94px;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:2578.84px;left:8910.46px;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:2578.84px;left:9455.41px;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:2578.84px;left:9991.56px;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:2578.84px;left:10391.4px;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:2770.84px;left:0px;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:2770.84px;left:687.35px;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:2770.84px;left:906.71px;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:2770.84px;left:1123.19px;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:2770.84px;left:2086.22px;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:2770.84px;left:2622.21px;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:2770.84px;left:3200.12px;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:2770.84px;left:3777.55px;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:2770.84px;left:4446.82px;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:2770.84px;left:4953.38px;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:3106.84px;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:3106.84px;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:3106.84px;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:3106.84px;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:3106.84px;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:3106.84px;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:3106.84px;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:3106.84px;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:3106.84px;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:3106.84px;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:3106.84px;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:3106.84px;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:3106.84px;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:3106.84px;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:3106.84px;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:3106.84px;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:5143.51px;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:5143.51px;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:5143.51px;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:5143.51px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5526.63px;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:5718.63px;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:5718.63px;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:5718.63px;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:5718.63px;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:5718.63px;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:5718.63px;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:5718.63px;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:5718.63px;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:5718.63px;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:5718.63px;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:5718.63px;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:5718.63px;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:5718.63px;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:5718.63px;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:5718.63px;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:5718.63px;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:5718.63px;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:5718.63px;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:5718.63px;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:5718.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:5910.63px;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:6102.63px;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:6102.63px;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:6102.63px;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:6102.63px;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:6102.63px;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:6102.63px;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:6102.63px;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:6102.63px;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:6102.63px;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:6102.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6438.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6630.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:6822.63px;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:7519.51px;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:7519.51px;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:7519.51px;left:1500.46px;white-space:nowrap">Arrangements</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:7893.03px;left:0px;white-space:nowrap">Committed
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:7893.03px;left:855.99px;white-space:nowrap">Line
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:7893.03px;left:1196.78px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:7893.03px;left:1383.5px;letter-spacing:-0.48px;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:8238.63px;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:8238.63px;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:8238.63px;left:836px;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:8238.63px;left:1283.51px;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:8238.63px;left:1623.98px;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:8238.63px;left:2151.18px;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:8238.63px;left:2574.69px;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:8238.63px;left:3010.37px;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:8238.63px;left:3730.68px;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:8238.63px;left:3950.04px;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:8238.63px;left:4225.56px;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:8238.63px;left:4803.31px;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:8238.63px;left:5866.49px;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:8238.63px;left:6512.89px;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:8238.63px;left:6895.44px;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:8238.63px;left:7751.59px;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:8238.63px;left:7879.11px;letter-spacing:-1.64px;white-space:nowrap">364-day,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8238.63px;left:8531.43px;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:8238.63px;left:9065.19px;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:8238.63px;left:9544.86px;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:8430.63px;left:0px;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:8430.63px;left:450.07px;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:8430.63px;left:947.5px;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:8430.63px;left:1287.98px;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:8430.63px;left:1415.5px;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:8430.63px;left:1889.57px;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:8430.63px;left:2076.29px;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:8430.63px;left:2689.56px;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:8430.63px;left:3151.8px;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:8430.63px;left:3605.23px;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:8430.63px;left:3880.75px;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:8430.63px;left:4819.29px;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:8430.63px;left:5296.57px;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:8430.63px;left:5637.53px;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:8430.63px;left:6188.4px;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:8430.63px;left:6428.23px;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:8430.63px;left:7210.14px;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:8430.63px;left:7912.37px;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:8430.63px;left:8377.48px;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:8430.63px;left:8736.04px;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:8430.63px;left:9435.39px;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:8430.63px;left:10232.34px;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:8622.63px;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:8622.63px;left:826.55px;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:8622.63px;left:1614.86px;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:8622.63px;left:2003.34px;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:8622.63px;left:2941.88px;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:8622.63px;left:3351px;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:8622.63px;left:3502.04px;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:8622.63px;left:4201.23px;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:8622.63px;left:4328.75px;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:8622.63px;left:5176.1px;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:8622.63px;left:5984.56px;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:8622.63px;left:6171.28px;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:8622.63px;left:6446.79px;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:8622.63px;left:7036.22px;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:8622.63px;left:7667.41px;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:8622.63px;left:8023.25px;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:8622.63px;left:8227.41px;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:8622.63px;left:9024.52px;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:8622.63px;left:9474.91px;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:8622.63px;left:9670.59px;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:8814.63px;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:8814.63px;left:521.59px;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:8814.63px;left:1001.75px;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:8814.63px;left:1416.78px;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:8814.63px;left:1544.3px;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:8814.63px;left:2405.89px;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:8814.63px;left:3262.36px;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:8814.63px;left:3449.07px;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:8814.63px;left:3724.59px;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:8814.63px;left:4465.22px;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:8814.63px;left:4779.46px;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:8814.63px;left:5529.37px;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:8814.63px;left:5716.09px;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:8814.63px;left:5920.24px;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:8814.63px;left:6329.36px;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:8814.63px;left:6521.84px;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:8814.63px;left:6915.75px;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:8814.63px;left:7144.07px;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:8814.63px;left:7419.59px;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:8814.63px;left:7946.78px;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:8814.63px;left:8222.29px;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:8814.63px;left:8530.45px;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:8814.63px;left:8717.17px;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:8814.63px;left:8992.69px;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:8814.63px;left:9401.8px;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:8814.63px;left:9716.04px;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:9006.63px;left:0px;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:9006.63px;left:844.15px;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:9006.63px;left:1350.7px;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:9006.63px;left:1664.94px;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:9006.63px;left:1940.46px;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:9006.63px;left:2621.56px;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:9006.63px;left:3477.71px;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:9006.63px;left:3664.43px;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:9006.63px;left:4032.11px;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:9006.63px;left:4494.18px;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:9006.63px;left:4686.66px;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:9006.63px;left:4962.17px;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:9006.63px;left:5767.92px;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:9006.63px;left:6082.16px;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:9006.63px;left:6873.03px;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:9006.63px;left:7059.74px;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:9006.63px;left:7335.26px;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:9006.63px;left:7788.86px;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:9006.63px;left:8351.57px;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:9006.63px;left:8544.05px;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:9006.63px;left:8982.6px;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:9006.63px;left:9169.32px;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:9006.63px;left:9444.84px;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:9006.63px;left:9868.35px;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:9006.63px;left:10390.11px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9198.63px;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:9198.63px;left:409.12px;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:9198.63px;left:750.08px;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:9198.63px;left:1194.55px;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:9198.63px;left:1656.62px;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:9198.63px;left:1884.94px;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:9198.63px;left:2160.46px;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:9198.63px;left:2657.89px;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:9198.63px;left:2829.73px;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:9198.63px;left:3342.68px;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:9198.63px;left:3529.4px;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:9198.63px;left:3733.55px;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:9198.63px;left:4580.91px;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:9198.63px;left:5212.1px;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:9198.63px;left:5342.33px;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:9198.63px;left:5656.57px;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:9198.63px;left:5849.05px;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:9198.63px;left:6124.57px;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:9198.63px;left:6619.28px;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:9198.63px;left:6941.99px;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:9198.63px;left:7365.51px;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:9198.63px;left:8304.05px;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:9198.63px;left:8781.33px;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:9198.63px;left:9163.89px;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:9198.63px;left:9824.68px;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:9390.63px;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:9390.63px;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:9390.63px;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:9390.63px;left:1261.74px;letter-spacing:-0.36px;white-space:nowrap">expires
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9390.63px;left:1815.82px;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:9390.63px;left:1987.65px;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:9390.63px;left:2376.13px;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:9390.63px;left:2776.45px;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:9390.63px;left:3262.53px;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:9390.63px;left:3988.6px;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:9390.63px;left:4181.08px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9726.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:9918.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10110.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10302.63px;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:10494.63px;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:10494.63px;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:10494.63px;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:10494.63px;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:10494.63px;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:10494.63px;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:10494.63px;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:10494.63px;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:10494.63px;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:10494.63px;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:10494.63px;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:10494.63px;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:10494.63px;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:10494.63px;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:10494.63px;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:10494.63px;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:10494.63px;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:10494.63px;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:10494.63px;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:10686.63px;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:10686.63px;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:10686.63px;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:10686.63px;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:10686.63px;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:10686.63px;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:10686.63px;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:10686.63px;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:10686.63px;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:10686.63px;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:10686.63px;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:10686.63px;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:10686.63px;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:10686.63px;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:10686.63px;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:10686.63px;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:10686.63px;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:10686.63px;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:10686.63px;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:10686.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:10878.63px;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:11070.63px;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:11070.63px;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:11070.63px;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:11070.63px;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:11070.63px;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:11070.63px;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:11070.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11406.63px;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:11598.63px;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:11598.63px;left:195.68px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:104px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:72px;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:160px;font-weight:bold;position:absolute;top:72px;left:10352px;letter-spacing:-2.56px;white-space:nowrap">Fee</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:389.08px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:341.96px;left:9958.4px;white-space:nowrap">0.1588%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:654.04px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:606.92px;left:9958.4px;white-space:nowrap">0.1588%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:919px;left:0px;letter-spacing:-1.12px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:871.88px;left:9958.4px;white-space:nowrap">0.1588%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1183.96px;left:0px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1136.84px;left:9958.4px;white-space:nowrap">0.1588%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3747.8px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3715.8px;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:160px;font-weight:bold;position:absolute;top:3715.8px;left:8783.53px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3523.8px;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:160px;font-weight:bold;position:absolute;top:3715.8px;left:9784.81px;white-space:nowrap">Gain
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3715.8px;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:140px;font-weight:bold;position:absolute;top:4032.88px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3985.76px;left:6307.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3985.76px;left:6849.62px;letter-spacing:0px;white-space:nowrap">10,448,100
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3985.76px;left:7747.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3985.76px;left:8289.62px;letter-spacing:0px;white-space:nowrap">10,458,600
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3985.76px;left:9187.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3985.76px;left:9908.82px;white-space:nowrap">(721,065)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:4297.84px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NRK</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4250.72px;left:6849.62px;letter-spacing:0px;white-space:nowrap">53,918,400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4250.72px;left:8289.62px;letter-spacing:0px;white-space:nowrap">53,923,900</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4250.72px;left:9774.42px;letter-spacing:0px;white-space:nowrap">(3,185,660)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:4562.79px;left:0px;letter-spacing:-1.12px;white-space:nowrap">NNY</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4515.67px;left:7579.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4515.67px;left:9019.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4515.67px;left:10459.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:4827.75px;left:0px;white-space:nowrap">NXN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4780.63px;left:7579.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4780.63px;left:9019.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4780.63px;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">78</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4429.43px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11724 characters]);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:160px;font-weight:300;position:absolute;top:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1586.84px;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:1778.84px;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:1778.84px;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:1778.84px;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:1778.84px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4046.63px;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:4238.63px;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:4238.63px;left:477.12px;white-space:nowrap">applicable.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:4565.03px;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-style:italic;position:absolute;top:4565.03px;left:779.99px;letter-spacing:-0.29px;white-space:nowrap">Borrowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:4565.03px;left:1559.02px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:4565.03px;left:1873.26px;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:4910.63px;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:4910.63px;left:313.64px;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:4910.63px;left:653.99px;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:4910.63px;left:938.03px;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:4910.63px;left:1544.62px;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:4910.63px;left:1760.5px;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:4910.63px;left:2551.09px;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:4910.63px;left:2979.92px;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:4910.63px;left:3772.58px;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:4910.63px;left:4539.01px;letter-spacing:0px;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:4910.63px;left:5282.4px;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:4910.63px;left:5596.04px;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:4910.63px;left:6434.15px;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:4910.63px;left:7035.46px;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:4910.63px;left:7470.54px;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:4910.63px;left:7662.41px;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:4910.63px;left:8470.12px;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:4910.63px;left:8641.35px;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:4910.63px;left:8857.23px;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:4910.63px;left:9591.18px;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:4910.63px;left:10174.25px;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:5102.63px;left:0px;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:5102.63px;left:651.99px;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:5102.63px;left:927.51px;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:5102.63px;left:1529.43px;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:5102.63px;left:1965.11px;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:5102.63px;left:2306.06px;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:5102.63px;left:2871.66px;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:5102.63px;left:3230.21px;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:5102.63px;left:3422.69px;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:5102.63px;left:3736.93px;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:5102.63px;left:4287.8px;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:5102.63px;left:4818.51px;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:5102.63px;left:5191.78px;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:5102.63px;left:5574.34px;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:5102.63px;left:5997.86px;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:5102.63px;left:6237.69px;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:5102.63px;left:7019.6px;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:5102.63px;left:7721.83px;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:5102.63px;left:8128.07px;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:5102.63px;left:8320.54px;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:5102.63px;left:8800.37px;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:5102.63px;left:9680.2px;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:5102.63px;left:10329px;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:5294.63px;left:0px;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:5294.63px;left:426.88px;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:5294.63px;left:554.4px;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:5294.63px;left:877.43px;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:5294.63px;left:1064.15px;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:5294.63px;left:1771.98px;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:5294.63px;left:2302.37px;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:5294.63px;left:2959.8px;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:5294.63px;left:3131.64px;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:5294.63px;left:3348.12px;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:5294.63px;left:4370.19px;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:5294.63px;left:4731.95px;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:5294.63px;left:5383.45px;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:5294.63px;left:5700.57px;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:5294.63px;left:6563.6px;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:5294.63px;left:7384.39px;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:5294.63px;left:7698.63px;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:5294.63px;left:8537.34px;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:5294.63px;left:9139.26px;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:5294.63px;left:9619.42px;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:5294.63px;left:10318.61px;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:5486.63px;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:5486.63px;left:477.28px;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:5486.63px;left:1096.79px;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:5486.63px;left:1316.15px;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:5486.63px;left:1609.27px;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:5486.63px;left:2495.18px;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:5486.63px;left:3022.21px;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:5486.63px;left:3297.4px;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:5486.63px;left:4105.71px;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:5486.63px;left:4449.54px;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:5486.63px;left:4645.22px;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:5486.63px;left:5258.49px;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:5486.63px;left:5572.73px;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:5486.63px;left:5854.17px;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:5486.63px;left:6049.85px;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:5486.63px;left:6855.43px;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:5486.63px;left:7027.27px;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:5486.63px;left:7302.79px;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:5486.63px;left:8082.78px;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:5486.63px;left:8734.45px;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:5486.63px;left:9371.89px;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:5486.63px;left:9739.57px;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:5678.63px;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:5678.63px;left:435.68px;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:5678.63px;left:900.79px;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:5678.63px;left:1031.03px;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:5678.63px;left:1413.43px;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:5678.63px;left:1822.54px;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:5678.63px;left:2015.02px;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:5678.63px;left:2565.89px;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:5678.63px;left:2927.65px;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:5678.63px;left:3120.12px;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:5678.63px;left:3531.96px;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:5678.63px;left:4524.43px;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:5678.63px;left:4838.66px;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:5678.63px;left:5618.66px;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:5678.63px;left:6270.33px;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:5678.63px;left:6421.36px;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:5678.63px;left:6978.32px;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:5678.63px;left:7170.79px;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:5678.63px;left:7298.31px;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:5678.63px;left:7896.87px;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:5678.63px;left:8083.58px;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:5678.63px;left:8913.17px;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:5678.63px;left:9656.84px;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:5678.63px;left:10202.28px;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:5870.63px;left:0px;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:5870.63px;left:524.31px;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:5870.63px;left:799.83px;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:5870.63px;left:1783.34px;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:5870.63px;left:2106.06px;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:5870.63px;left:2322.7px;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:5870.63px;left:2551.01px;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:5870.63px;left:2918.53px;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:5870.63px;left:3259.49px;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:5870.63px;left:3810.36px;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:5870.63px;left:4002.83px;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:5870.63px;left:4361.39px;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:5870.63px;left:4892.1px;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:5870.63px;left:5499.46px;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:5870.63px;left:5774.98px;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:5870.63px;left:6554.97px;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:5870.63px;left:7206.64px;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:5870.63px;left:7692.71px;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:5870.63px;left:7828.71px;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:5870.63px;left:8451.11px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5870.63px;left:8578.63px;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:5870.63px;left:8993.5px;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:5870.63px;left:9701.65px;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:6062.63px;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:6062.63px;left:322.71px;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:6062.63px;left:681.27px;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:6062.63px;left:832.31px;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:6062.63px;left:1457.26px;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:6062.63px;left:2129.89px;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:6062.63px;left:2503.16px;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:6062.63px;left:2630.68px;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:6062.63px;left:3022.04px;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:6062.63px;left:3214.52px;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:6062.63px;left:3638.03px;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:6062.63px;left:4266.34px;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:6062.63px;left:5015.29px;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:6062.63px;left:5255.12px;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:6062.63px;left:5382.64px;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:6062.63px;left:6277.51px;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:6062.63px;left:7148.38px;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:6062.63px;left:7365.01px;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:6062.63px;left:7593.33px;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:6062.63px;left:7960.85px;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:6062.63px;left:8301.81px;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:6062.63px;left:8852.68px;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:6062.63px;left:9080.99px;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:6062.63px;left:9297.47px;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:6062.63px;left:10080.03px;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:6254.63px;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:6254.63px;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:6254.63px;left:882.87px;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:6254.63px;left:1662.86px;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:6254.63px;left:2314.53px;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:6254.63px;left:2800.61px;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:6254.63px;left:3076.13px;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:6254.63px;left:3535.64px;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:6254.63px;left:4433.23px;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:6254.63px;left:5277.38px;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:6254.63px;left:5650.65px;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:6254.63px;left:5854.97px;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:6254.63px;left:6435.92px;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:6254.63px;left:7357.19px;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:6254.63px;left:7727.26px;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:6254.63px;left:8002.78px;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:6254.63px;left:8737.33px;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:6254.63px;left:9513.32px;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:6254.63px;left:9880.35px;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:6254.63px;left:10236.03px;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:6446.63px;left:0px;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:6446.63px;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:6446.63px;left:494.87px;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:6446.63px;left:699.03px;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:6446.63px;left:1066.06px;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:6446.63px;left:1584.61px;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:6446.63px;left:2271.97px;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:6446.63px;left:2594.68px;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:6446.63px;left:2724.92px;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:6446.63px;left:3000.43px;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:6446.63px;left:3776.42px;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:6446.63px;left:4143.94px;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:6446.63px;left:4428.58px;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:6446.63px;left:4556.1px;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:6446.63px;left:5160.73px;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:6446.63px;left:5936.72px;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:6446.63px;left:6834.31px;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:6446.63px;left:7207.58px;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:6446.63px;left:7501.18px;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:6446.63px;left:7924.69px;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:6446.63px;left:8455.09px;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:6446.63px;left:9154.28px;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:6446.63px;left:9438.6px;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:6446.63px;left:9720.03px;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:6446.63px;left:10255.86px;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:6638.63px;left:0px;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:6638.63px;left:595.51px;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:6638.63px;left:1007.51px;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:6638.63px;left:1283.03px;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:6638.63px;left:2017.58px;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:6638.63px;left:2367.33px;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:6638.63px;left:2758.37px;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:6638.63px;left:2989.57px;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:6638.63px;left:3594.2px;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:6638.63px;left:3822.52px;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:6638.63px;left:4003.16px;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:6638.63px;left:4379.31px;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:6638.63px;left:4595.79px;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:6638.63px;left:5037.39px;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:6638.63px;left:5587.78px;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:6638.63px;left:5987.77px;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:6638.63px;left:6328.24px;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:6638.63px;left:6508.88px;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:6638.63px;left:6885.04px;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:6638.63px;left:7101.52px;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:6638.63px;left:7889.67px;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:6638.63px;left:8749.02px;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:6638.63px;left:8935.74px;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:6638.63px;left:9628.68px;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:6638.63px;left:9821.16px;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:6638.63px;left:10170.92px;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:6830.63px;left:0px;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:6830.63px;left:216.64px;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:6830.63px;left:346.88px;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:6830.63px;left:474.39px;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:6830.63px;left:933.91px;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:6830.63px;left:1300.94px;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:6830.63px;left:2198.53px;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:6830.63px;left:3042.68px;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:6830.63px;left:3963.94px;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:6830.63px;left:4334.02px;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:6830.63px;left:4550.5px;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:6830.63px;left:5285.05px;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:6830.63px;left:6061.03px;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:6830.63px;left:6541.03px;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:6830.63px;left:6772.22px;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:6830.63px;left:7331.9px;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:6830.63px;left:7690.45px;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:6830.63px;left:8046.13px;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:6830.63px;left:8232.85px;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:6830.63px;left:8437px;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:6830.63px;left:8804.04px;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:6830.63px;left:9322.59px;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:6830.63px;left:9598.11px;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:6830.63px;left:9965.63px;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:7022.63px;left:0px;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:7022.63px;left:550.87px;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:7022.63px;left:1158.22px;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:7022.63px;left:1433.74px;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:7022.63px;left:2168.29px;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:7022.63px;left:2518.05px;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:7022.63px;left:2746.36px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7022.63px;left:2873.88px;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:7022.63px;left:3478.52px;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:7022.63px;left:3878.52px;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:7022.63px;left:4266.83px;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:7022.63px;left:4483.47px;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:7022.63px;left:4711.79px;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:7022.63px;left:5079.3px;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:7022.63px;left:5420.26px;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:7022.63px;left:5778.82px;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:7022.63px;left:6309.53px;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:7022.63px;left:6439.77px;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:7022.63px;left:6715.29px;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:7022.63px;left:7065.04px;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:7022.63px;left:7545.04px;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:7022.63px;left:7995.75px;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:7022.63px;left:8199.91px;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:7022.63px;left:8985.02px;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:7022.63px;left:9882.61px;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:7214.63px;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:7214.63px;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:7214.63px;left:882.87px;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:7214.63px;left:1662.86px;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:7214.63px;left:2314.53px;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:7214.63px;left:2507.01px;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:7214.63px;left:3070.37px;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:7214.63px;left:3426.04px;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:7214.63px;left:3612.76px;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:7214.63px;left:3816.92px;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:7214.63px;left:4092.43px;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:7214.63px;left:4566.51px;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:7214.63px;left:4747.15px;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:7214.63px;left:5022.66px;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:7214.63px;left:5383.94px;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:7214.63px;left:5570.65px;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:7214.63px;left:5846.17px;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:7214.63px;left:6240.41px;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:7214.63px;left:6457.05px;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:7214.63px;left:6584.57px;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:7214.63px;left:7044.08px;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:7214.63px;left:7778.63px;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:7214.63px;left:8196.55px;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:7214.63px;left:8389.02px;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:7214.63px;left:8682.62px;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:7214.63px;left:8999.9px;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:7214.63px;left:9367.42px;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:7214.63px;left:9728.85px;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:7214.63px;left:10010.29px;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:7406.63px;left:0px;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:7406.63px;left:266.72px;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:7406.63px;left:453.44px;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:7406.63px;left:728.95px;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:7406.63px;left:1312.63px;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:7406.63px;left:1772.14px;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:7406.63px;left:2047.66px;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:7406.63px;left:2566.22px;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:7406.63px;left:2782.85px;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:7406.63px;left:3058.37px;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:7406.63px;left:3701.08px;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:7406.63px;left:3887.8px;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:7406.63px;left:4622.35px;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:7406.63px;left:5040.26px;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:7406.63px;left:5315.46px;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:7406.63px;left:5546.66px;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:7406.63px;left:6082.49px;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:7406.63px;left:6274.96px;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:7406.63px;left:6550.48px;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:7406.63px;left:6911.75px;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:7406.63px;left:7557.51px;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:7406.63px;left:7749.98px;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:7406.63px;left:8304.22px;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:7406.63px;left:8973.97px;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:7406.63px;left:9213.81px;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:7406.63px;left:9921.64px;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:7406.63px;left:10309.79px;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:7598.63px;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:7598.63px;left:171.84px;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:7598.63px;left:400.16px;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:7598.63px;left:841.75px;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:7598.63px;left:1256.63px;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:7598.63px;left:1615.19px;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:7598.63px;left:2071.82px;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:7598.63px;left:2486.86px;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:7598.63px;left:2801.1px;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:7598.63px;left:3017.74px;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:7598.63px;left:3400.3px;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:7598.63px;left:4134.85px;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:7598.63px;left:4484.6px;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:7598.63px;left:4825.56px;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:7598.63px;left:5056.76px;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:7598.63px;left:5524.91px;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:7598.63px;left:5753.23px;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:7598.63px;left:6070.51px;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:7598.63px;left:6722.5px;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:7598.63px;left:7116.9px;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:7598.63px;left:7602.81px;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:7598.63px;left:7822.17px;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:7598.63px;left:7949.69px;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:7598.63px;left:8533.36px;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:7598.63px;left:8900.88px;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:7598.63px;left:9215.12px;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:7598.63px;left:9556.08px;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:7598.63px;left:9787.28px;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:7598.63px;left:10287.91px;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:7790.63px;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:7790.63px;left:293.6px;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:7790.63px;left:596px;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:7790.63px;left:815.35px;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:7790.63px;left:942.87px;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:7790.63px;left:1718.86px;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:7790.63px;left:2130.86px;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:7790.63px;left:2306.54px;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:7790.63px;left:2987.81px;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:7790.63px;left:3115.32px;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:7790.63px;left:3717.24px;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:7790.63px;left:4084.76px;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:7790.63px;left:4425.72px;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:7790.63px;left:5234.02px;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:7790.63px;left:5405.86px;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:7790.63px;left:5681.38px;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:7790.63px;left:6461.37px;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:7790.63px;left:7113.04px;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:7790.63px;left:7456.88px;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:7790.63px;left:7587.11px;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:7790.63px;left:7901.35px;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:7790.63px;left:8093.83px;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:7790.63px;left:8369.35px;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:7790.63px;left:8864.06px;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:7790.63px;left:9186.77px;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:7790.63px;left:9554.45px;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:7790.63px;left:10496.04px;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:7982.63px;left:0px;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:7982.63px;left:764.31px;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:7982.63px;left:1104.78px;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:7982.63px;left:1380.3px;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:7982.63px;left:1839.82px;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:7982.63px;left:2666.37px;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:7982.63px;left:3365.56px;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:7982.63px;left:3679.79px;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:7982.63px;left:4506.35px;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:7982.63px;left:5137.38px;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:7982.63px;left:5451.61px;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:7982.63px;left:5922.81px;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:7982.63px;left:6073.85px;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:7982.63px;left:6938.96px;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:7982.63px;left:7178.79px;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:7982.63px;left:8008.54px;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:7982.63px;left:8284.06px;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:7982.63px;left:9064.05px;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:8318.63px;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:8318.63px;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:8318.63px;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:8318.63px;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:8318.63px;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:8318.63px;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:8318.63px;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:8318.63px;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:8318.63px;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:8318.63px;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:8318.63px;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:8318.63px;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:8318.63px;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:8318.63px;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:8318.63px;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:8318.63px;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:8318.63px;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:8318.63px;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:8318.63px;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:8318.63px;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:8318.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8510.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8702.63px;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:8894.63px;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:8894.63px;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:8894.63px;left:643.03px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:8894.63px;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:9086.63px;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:9086.63px;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:9086.63px;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:9086.63px;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:9086.63px;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:9086.63px;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:9086.63px;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:9086.63px;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:9086.63px;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:9086.63px;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:9086.63px;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:9086.63px;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:9086.63px;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:9086.63px;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:9086.63px;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:9086.63px;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:9086.63px;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:9086.63px;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:9086.63px;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:9086.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:9422.63px;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:160px;font-weight:bold;position:absolute;top:488px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:72px;left:9847.53px;white-space:nowrap">Maximum</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:264px;left:9652.65px;white-space:nowrap">Outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:456px;left:10017.61px;white-space:nowrap">Balance</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:741.08px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:693.96px;left:9187.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:693.96px;left:9729.62px;letter-spacing:0px;white-space:nowrap">14,600,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:974.04px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NRK</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:926.92px;left:9729.62px;letter-spacing:0px;white-space:nowrap">28,900,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1207px;left:0px;letter-spacing:-1.12px;white-space:nowrap">NNY</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1159.88px;left:9822.42px;letter-spacing:0px;white-space:nowrap">3,500,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:1439.96px;left:0px;white-space:nowrap">NXN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1392.84px;left:10459.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2611.8px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2195.8px;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:160px;font-weight:bold;position:absolute;top:2387.8px;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:160px;font-weight:bold;position:absolute;top:2387.8px;left:7311.85px;white-space:nowrap">(Days</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2579.8px;left:6717.93px;white-space:nowrap">Outstanding)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2195.8px;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:160px;font-weight:bold;position:absolute;top:2387.8px;left:8137.46px;white-space:nowrap">Daily
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2387.8px;left:8577.61px;white-space:nowrap">Balance</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2579.8px;left:8212.65px;white-space:nowrap">Outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2387.8px;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:160px;font-weight:bold;position:absolute;top:2387.8px;left:10076.97px;white-space:nowrap">Annual</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2579.8px;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:160px;font-weight:bold;position:absolute;top:2579.8px;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:140px;font-weight:bold;position:absolute;top:2864.88px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2817.76px;left:7489.6px;white-space:nowrap">55</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2817.76px;left:7747.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2817.76px;left:8382.42px;letter-spacing:0px;white-space:nowrap">8,757,209</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2817.76px;left:10173.93px;white-space:nowrap">3.76
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2817.76px;left:10493.92px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3097.84px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NRK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3050.72px;left:7396.81px;white-space:nowrap">128</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3050.72px;left:8289.62px;letter-spacing:0px;white-space:nowrap">10,983,572
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3050.72px;left:10307.21px;white-space:nowrap">3.16</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3330.79px;left:0px;letter-spacing:-1.12px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3283.67px;left:7489.6px;white-space:nowrap">20</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3283.67px;left:8382.42px;letter-spacing:0px;white-space:nowrap">2,560,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3283.67px;left:10307.21px;white-space:nowrap">3.98</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:bold;position:absolute;top:3563.75px;left:0px;white-space:nowrap">NXN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3516.63px;left:7579.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3516.63px;left:9019.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3516.63px;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: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:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;white-space:nowrap">Shareholder
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:3208.59px;white-space:nowrap">Update</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, 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">79</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11744 characters]);background-repeat:no-repeat;background-size:cover;height:611.59px;left:0px;position:absolute;top:0px;transform:translate(36.000px,137.103px) 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,2.58px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:-16.08px;left:1405.9px;white-space:nowrap">CURRENT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:-16.08px;left:2211.81px;white-space:nowrap">INVESTMENT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:-16.08px;left:3308.12px;white-space:nowrap">OBJECTIVES,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:-16.08px;left:4374.5px;white-space:nowrap">INVESTMENT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:-16.08px;left:5470.8px;white-space:nowrap">POLICIES
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:-16.08px;left:6234.95px;white-space:nowrap">AND
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:-16.08px;left:6652.7px;letter-spacing:-1.47px;white-space:nowrap">PRINCIPAL
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:-16.08px;left:7529.81px;white-space:nowrap">RISKS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:-16.08px;left:8027.4px;white-space:nowrap">OF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:-16.08px;left:8302.75px;white-space:nowrap">THE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:-16.08px;left:8664.18px;white-space:nowrap">FUNDS</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:319.92px;left:2770.2px;white-space:nowrap">NUVEEN
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:319.92px;left:3511.15px;white-space:nowrap">NEW
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:319.92px;left:3949.7px;white-space:nowrap">YORK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:319.92px;left:4453.05px;white-space:nowrap">QUALITY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:319.92px;left:5202.64px;letter-spacing:-1.47px;white-space:nowrap">MUNICIPAL
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:319.92px;left:6144.87px;white-space:nowrap">INCOME
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:319.92px;left:6864.54px;white-space:nowrap">FUND
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:319.92px;left:7377.17px;white-space:nowrap">(NAN)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:670.72px;left:0px;white-space:nowrap">Investment
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:670.72px;left:876.95px;white-space:nowrap">Objectives</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1008px;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:1008px;left:314.24px;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:1008px;left:815.36px;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:1008px;left:1641.91px;white-space:nowrap">objectives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1008px;left:2409.26px;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:1008px;left:2675.97px;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:1008px;left:2868.45px;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:1008px;left:3458.04px;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:1008px;left:4003px;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:1008px;left:4572.11px;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:1008px;left:5158.82px;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:1008px;left:5532.1px;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:1008px;left:6077.05px;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:1008px;left:6663.6px;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:1008px;left:7037.04px;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:1008px;left:7383.75px;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:1008px;left:7795.43px;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:1008px;left:8109.67px;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:1008px;left:8483.11px;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:1008px;left:8829.82px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1008px;left:9155.57px;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:1008px;left:9724.69px;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:1008px;left:9982.44px;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:1008px;left:10296.68px;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:1200px;left:0px;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:1200px;left:649.44px;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:1200px;left:1306.7px;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:1200px;left:1727.66px;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:1200px;left:2290.37px;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:1200px;left:2482.85px;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:1200px;left:2758.36px;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:1200px;left:3490.2px;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:1200px;left:3914.03px;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:1200px;left:4450.18px;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:1200px;left:4669.54px;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:1200px;left:5353.85px;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:1200px;left:5525.69px;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:1200px;left:6378.96px;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:1200px;left:7110.79px;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:1200px;left:7602.79px;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:1200px;left:7925.5px;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:1200px;left:8201.02px;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:1200px;left:8702.14px;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:1200px;left:9528.69px;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:1200px;left:10079.72px;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:1392px;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:1392px;left:275.52px;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:1392px;left:776.64px;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:1392px;left:1635.83px;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:1392px;left:2267.02px;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:1392px;left:2533.74px;white-space:nowrap">underrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1392px;left:3371.97px;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:1392px;left:3564.44px;white-space:nowrap">undervalued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1392px;left:4500.92px;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:1392px;left:4693.39px;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:1392px;left:5016.11px;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:1392px;left:5735.94px;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:1392px;left:6467.77px;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:1392px;left:7003.92px;white-space:nowrap">sectors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1392px;left:7551.91px;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:1392px;left:7874.63px;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:1392px;left:8141.35px;white-space:nowrap">undervalued.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1726.72px;left:0px;white-space:nowrap">Investment
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1726.72px;left:876.95px;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:2064px;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:2064px;left:222.4px;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:2064px;left:349.92px;white-space:nowrap">fundamental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:1289.27px;letter-spacing:-1.84px;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:2064px;left:1787.18px;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:2064px;left:2249.42px;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:2064px;left:2791.49px;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:2064px;left:3876.12px;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:2064px;left:4151.63px;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:2064px;left:4560.75px;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:2064px;left:4835.94px;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:2064px;left:5295.14px;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:2064px;left:5475.78px;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:2064px;left:5851.93px;white-space:nowrap">80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:6207.61px;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:2064px;left:6394.33px;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:2064px;left:6598.48px;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:2064px;left:7099.27px;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:2064px;left:7336.55px;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:2064px;left:7929.35px;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:2064px;left:8450.94px;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:2064px;left:8622.78px;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:2064px;left:9354.61px;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:10062.44px;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:2256px;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:2256px;left:423.51px;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:2256px;left:968.47px;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:2256px;left:1863.18px;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:2256px;left:2138.69px;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:2256px;left:2707.81px;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:3081.08px;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:2256px;left:3534.52px;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:2256px;left:3685.55px;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:2256px;left:4272.27px;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:4645.54px;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:2256px;left:5190.5px;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:2256px;left:5777.05px;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:2256px;left:6150.49px;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:2256px;left:6497.2px;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:2256px;left:6908.87px;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:2256px;left:7223.11px;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:2256px;left:7596.55px;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:2256px;left:7943.26px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:8269.02px;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:2256px;left:8838.13px;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: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: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:2592px;left:723.36px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:1383.5px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:1910.86px;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:2592px;left:2082.7px;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:2592px;left:2814.53px;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:2592px;left:3522.36px;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:2592px;left:3862.83px;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:2592px;left:4280.58px;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:2592px;left:4473.06px;letter-spacing:0.32px;white-space:nowrap">intermediate-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:5817.19px;white-space:nowrap">maturities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:6563.26px;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:2592px;left:6735.1px;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:2592px;left:7164.53px;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:2592px;left:7357.01px;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:2592px;left:8011.72px;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:2592px;left:8139.24px;white-space:nowrap">weighted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:8853.15px;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:2592px;left:9469.63px;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:2592px;left:10097.29px;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:2592px;left:10284.01px;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:2784px;left:0px;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:2784px;left:376.15px;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:2784px;left:598.55px;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:2784px;left:791.03px;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:2784px;left:1013.43px;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:2784px;left:1472.79px;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:2784px;left:1757.1px;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:2784px;left:2032.62px;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:2784px;left:2649.09px;white-space:nowrap">weighted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:3363.01px;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:2784px;left:3990.67px;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:2784px;left:4177.39px;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:2784px;left:5015.62px;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:2784px;left:5374.17px;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:2784px;left:5593.53px;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:2784px;left:5869.05px;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:2784px;left:6278.17px;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:2784px;left:6619.12px;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:6850.32px;white-space:nowrap">shortened,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:7662.15px;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:2784px;left:8491.91px;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:2784px;left:8720.22px;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:2784px;left:9256.38px;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:2784px;left:10085.96px;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:2784px;left:10308.36px;white-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:0px;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:2976px;left:476.79px;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:2976px;left:752.31px;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:2976px;left:1253.43px;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:2976px;left:1910.69px;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:2976px;left:2251.65px;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:2976px;left:2814.69px;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:2976px;left:3566.83px;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:2976px;left:3881.07px;letter-spacing:0.32px;white-space:nowrap">intermediate-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:5225.21px;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:2976px;left:5957.04px;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:3312px;left:0px;white-space:nowrap">&#8220;Assets&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:666.87px;white-space:nowrap">mean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:1108.63px;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:3312px;left:1384.15px;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:3312px;left:1659.67px;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:3312px;left:2133.74px;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:3312px;left:2320.46px;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:3312px;left:2595.97px;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:3005.09px;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:3312px;left:3342.85px;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:3312px;left:3618.37px;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:3312px;left:4208.12px;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:3312px;left:4394.84px;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:3312px;left:4688.44px;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:3312px;left:5532.58px;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:3312px;left:5772.41px;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:3312px;left:6598.96px;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:3312px;left:7345.68px;white-space:nowrap">&#8220;Managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:8155.11px;white-space:nowrap">Assets&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:8738.95px;white-space:nowrap">mean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:9180.7px;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:3312px;left:9456.22px;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:3312px;left:9823.25px;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:3504px;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:3504px;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:3504px;left:462.23px;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:3504px;left:915.83px;white-space:nowrap">minus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:1381.11px;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:1656.63px;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:3504px;left:1994.54px;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:3504px;left:2181.26px;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:3504px;left:2385.42px;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:3504px;left:2995.97px;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:3504px;left:3661.88px;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:3504px;left:4126.99px;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:3504px;left:4485.54px;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:3504px;left:4894.66px;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:5560.57px;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:3504px;left:6188.56px;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:3504px;left:6428.4px;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:3504px;left:6703.91px;letter-spacing:-0.36px;white-space:nowrap">express
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:7287.75px;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:3504px;left:7921.82px;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:3504px;left:8108.54px;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:3504px;left:8730.61px;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:3504px;left:9477.48px;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:3504px;left:9865.48px;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:3696px;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:3696px;left:239.83px;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:3696px;left:532.95px;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:3696px;left:1167.02px;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:3696px;left:1528.46px;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:3696px;left:2091.49px;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:3696px;left:2565.57px;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:3696px;left:3438.83px;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:3696px;left:3631.31px;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:3696px;left:3906.82px;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:3696px;left:4407.94px;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:3696px;left:4698.5px;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:3696px;left:4885.22px;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:3696px;left:5546.01px;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:3696px;left:6209.68px;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:3696px;left:6402.16px;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:3696px;left:6683.59px;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:3696px;left:7122.15px;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:3696px;left:7596.22px;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:3696px;left:7862.94px;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:3696px;left:8538.45px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:8710.29px;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:3696px;left:8985.81px;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:9486.93px;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:3888px;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:3888px;left:826.39px;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:3888px;left:1066.22px;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:3888px;left:1768.45px;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:3888px;left:1955.17px;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:3888px;left:2654.36px;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:3888px;left:3362.68px;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:3888px;left:4195.47px;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:3888px;left:5013.05px;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:3888px;left:5327.29px;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:3888px;left:6135.92px;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:3888px;left:6411.11px;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:3888px;left:6642.31px;white-space:nowrap">valued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:7161.03px;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:3888px;left:7341.67px;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:3888px;left:7708.7px;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:3888px;left:8244.85px;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:4224px;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:4224px;left:483.03px;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:4224px;left:1025.1px;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:4560px;left:630px;white-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:944.24px;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:4560px;left:1353.36px;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:4560px;left:1628.55px;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:4560px;left:2087.74px;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:4560px;left:2268.38px;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:4560px;left:2644.54px;white-space:nowrap">80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:3000.21px;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:4560px;left:3186.93px;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:4560px;left:3391.09px;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:4560px;left:4117.48px;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:4618.28px;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:4560px;left:4790.11px;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:4560px;left:5616.67px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:6081.78px;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:4560px;left:6789.61px;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:4560px;left:7156.8px;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:4560px;left:7337.44px;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:4560px;left:7612.96px;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:4560px;left:7974.23px;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:4560px;left:8160.95px;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:4560px;left:9031.98px;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:4560px;left:9298.7px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:9719.17px;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:4560px;left:10187px;white-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:630px;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:4752px;left:958.79px;white-space:nowrap">highest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:1527.59px;white-space:nowrap">grades
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:2060.86px;white-space:nowrap">(Baa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:2413.82px;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:4752px;left:2606.29px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:2953.17px;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:4752px;left:3145.64px;white-space:nowrap">better)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:3666.76px;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:4752px;left:3886.11px;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:4752px;left:4066.75px;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:4752px;left:4442.91px;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:4752px;left:4760.18px;white-space:nowrap">nationally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:5488.97px;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:6324.64px;white-space:nowrap">statistical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:7023.19px;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:4752px;left:7482.06px;letter-spacing:-0.22px;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:4752px;left:8406.37px;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:4752px;left:8664.45px;white-space:nowrap">&#8220;NRSRO&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:9453.24px;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:4752px;left:9645.72px;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:9912.43px;white-space:nowrap">unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:630px;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:4944px;left:914.32px;white-space:nowrap">judged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:1468.39px;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:4944px;left:1660.87px;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:4944px;left:1892.07px;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:4944px;left:2078.78px;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:4944px;left:2973.65px;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:4944px;left:3494.92px;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:4944px;left:3714.28px;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:4944px;left:3989.8px;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:4944px;left:4490.92px;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:4944px;left:5317.47px;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:4944px;left:5868.5px;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:4944px;left:6389.93px;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:4944px;left:6665.45px;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:4944px;left:7166.57px;letter-spacing:-1.23px;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:5280px;left:630px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5280px;left:944.24px;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:5280px;left:1353.36px;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:5280px;left:1694.31px;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:5280px;left:2153.51px;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:5280px;left:2384.71px;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:5280px;left:2577.18px;white-space:nowrap">20%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5280px;left:2932.86px;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:5280px;left:3119.58px;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:5280px;left:3323.73px;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:5280px;left:4050.13px;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:5280px;left:4550.92px;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:5280px;left:4722.76px;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:5280px;left:5454.59px;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:5280px;left:6162.42px;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:5280px;left:6485.14px;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:5280px;left:6665.77px;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:5280px;left:6941.29px;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:5280px;left:7302.57px;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:5280px;left:7489.28px;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:5280px;left:8315.83px;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:5280px;left:8582.55px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5280px;left:9003.02px;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:5280px;left:9483.02px;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:5472px;left:630px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:1095.11px;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:5472px;left:1287.59px;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:5472px;left:1554.31px;white-space:nowrap">unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:2152.7px;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:5472px;left:2437.02px;white-space:nowrap">judged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:2991.09px;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:5472px;left:3183.57px;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:3414.77px;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:5472px;left:3601.48px;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:5472px;left:4496.35px;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:5472px;left:5017.62px;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:5472px;left:5236.98px;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:5472px;left:5512.5px;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:5472px;left:6013.62px;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:5472px;left:6840.17px;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:5472px;left:7391.2px;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:5472px;left:7912.63px;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:5472px;left:8188.15px;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:5472px;left:8689.27px;letter-spacing:-1.23px;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:5808px;left:630px;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:5808px;left:893.84px;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:5808px;left:1308.71px;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:5808px;left:1667.27px;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:5808px;left:2022.95px;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:5808px;left:2209.67px;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:5808px;left:2485.18px;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:5808px;left:2986.3px;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:5808px;left:3712.7px;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:5808px;left:4213.49px;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:5808px;left:4554.45px;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:5808px;left:4785.65px;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:5808px;left:5431.56px;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:5603.4px;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:5808px;left:6335.23px;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:5808px;left:7043.06px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:7463.53px;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:5808px;left:7943.53px;white-space:nowrap">B3/B-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:8391.04px;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:5808px;left:8583.52px;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:5808px;left:8906.23px;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:5808px;left:9172.95px;white-space:nowrap">unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:9771.34px;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:5808px;left:10055.66px;white-space:nowrap">judged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:630px;white-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:822.48px;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:6000px;left:1053.67px;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:6000px;left:1240.39px;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:6000px;left:2135.26px;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:6000px;left:2656.53px;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:6000px;left:2875.89px;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:6000px;left:3151.41px;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:6000px;left:3652.52px;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:4479.07px;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:5030.11px;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:6000px;left:5551.54px;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:6000px;left:5827.06px;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:6000px;left:6328.18px;letter-spacing:-1.23px;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:6336px;left:630px;white-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:944.24px;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:6336px;left:1353.36px;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:6336px;left:1682.31px;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:6336px;left:2023.27px;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:6336px;left:2482.46px;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:6336px;left:2713.66px;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:6336px;left:2906.14px;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:6336px;left:3261.82px;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:6336px;left:3448.53px;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:6336px;left:3652.69px;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:6336px;left:4379.08px;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:6336px;left:4879.88px;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:6336px;left:5051.72px;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:6336px;left:5599.87px;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:6336px;left:6186.42px;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:6336px;left:6509.14px;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:6672px;left:630px;white-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:944.24px;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:6672px;left:1353.36px;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:6672px;left:1694.31px;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:6672px;left:2153.51px;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:6672px;left:2384.71px;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:6672px;left:2577.18px;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:6672px;left:2932.86px;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:6672px;left:3119.58px;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:6672px;left:3323.73px;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:6672px;left:4050.13px;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:6672px;left:4550.92px;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:6672px;left:4722.76px;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:6672px;left:5430.59px;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:6672px;left:5617.31px;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:6672px;left:6040.82px;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:6672px;left:6509.14px;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:6672px;left:6701.61px;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:6672px;left:7540.32px;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:6672px;left:8366.87px;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:6672px;left:9184.94px;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:6864px;left:630px;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:6864px;left:1892.39px;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:6864px;left:2328.06px;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:6864px;left:3007.26px;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:6864px;left:3329.97px;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:6864px;left:3789.17px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:4449.31px;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:6864px;left:4621.15px;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:6864px;left:5352.98px;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:6864px;left:6060.81px;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:6864px;left:6247.53px;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:6864px;left:6523.04px;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:6864px;left:6952.64px;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:6864px;left:7124.48px;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:6864px;left:7577.91px;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:6864px;left:7853.43px;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:6864px;left:8262.55px;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:6864px;left:8603.51px;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:6864px;left:9062.7px;letter-spacing:-1.76px;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:7200px;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:7200px;left:314.24px;letter-spacing:-0.29px;white-space:nowrap">foregoing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7200px;left:1057.91px;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:7200px;left:1644.46px;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:7200px;left:2083.01px;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:7200px;left:2426.85px;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:7200px;left:2607.49px;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:7200px;left:2883px;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:7200px;left:3244.28px;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:7200px;left:3430.99px;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:7200px;left:3724.59px;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:7200px;left:4062.51px;white-space:nowrap">investment.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:7526.4px;left:0px;letter-spacing:-0.29px;white-space:nowrap">Approving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:7526.4px;left:797.11px;white-space:nowrap">Changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:7526.4px;left:1470.07px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:7526.4px;left:1641.9px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:7526.4px;left:2472.29px;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:7872px;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:7872px;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:7872px;left:785.43px;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:7872px;left:972.15px;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:7872px;left:1603.18px;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:7872px;left:1789.9px;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:7872px;left:2065.42px;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:7872px;left:2474.53px;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:7872px;left:2815.49px;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:7872px;left:3384.77px;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:7872px;left:3660.29px;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:7872px;left:4246.84px;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:7872px;left:4999.31px;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:7872px;left:5485.54px;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:7872px;left:6062.97px;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:7872px;left:6190.49px;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:7872px;left:7076.4px;white-space:nowrap">vote.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7872px;left:7479.44px;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:7872px;left:8187.75px;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:7872px;left:8463.26px;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:7872px;left:8964.38px;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:7872px;left:9790.93px;white-space:nowrap">objectives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8064px;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:8064px;left:314.24px;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:8064px;left:518.39px;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:8064px;left:986.55px;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:8064px;left:1173.26px;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:8064px;left:1857.57px;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:8064px;left:2038.21px;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:8064px;left:2414.37px;white-space:nowrap">80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8064px;left:2770.04px;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:8064px;left:2956.76px;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:8064px;left:3205.4px;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:8064px;left:3706.19px;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:8064px;left:3878.03px;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:8064px;left:4609.86px;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:8064px;left:5317.69px;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:8064px;left:5631.93px;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:8064px;left:6055.44px;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:8064px;left:6600.39px;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:8064px;left:7495.1px;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:8064px;left:7770.62px;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:8064px;left:8339.73px;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:8064px;left:8713.01px;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:8064px;left:9166.44px;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:8064px;left:9317.48px;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:8064px;left:9904.19px;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:8256px;left:0px;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:8256px;left:544.95px;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:8256px;left:1131.51px;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:8256px;left:1504.94px;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:8256px;left:1851.66px;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:8256px;left:2263.33px;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:8256px;left:2577.57px;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:8256px;left:2951.01px;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:8256px;left:3297.72px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8256px;left:3623.48px;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:8256px;left:4192.59px;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:8256px;left:4651.95px;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:8256px;left:4992.9px;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:8256px;left:5274.34px;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:8256px;left:5505.54px;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:8256px;left:6172.57px;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:8256px;left:6750px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8256px;left:7025.52px;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:8256px;left:7692.23px;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:8256px;left:7878.95px;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:8256px;left:8154.47px;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:8256px;left:8729.18px;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:8256px;left:8915.89px;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:8256px;left:9043.41px;white-space:nowrap">majority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8256px;left:9662.28px;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:8256px;left:9849px;white-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:0px;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:8448px;left:897.59px;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:8448px;left:1570.54px;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:8448px;left:2062.54px;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:8448px;left:2376.77px;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:8448px;left:3084.61px;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:8448px;left:3576.6px;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:8448px;left:4071.32px;white-space:nowrap">together
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:4734.67px;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:8448px;left:4930.34px;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:8448px;left:5057.86px;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:8448px;left:5522.98px;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:8448px;left:5946.81px;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:8448px;left:6261.05px;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:8448px;left:6536.57px;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:8448px;left:7203.28px;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:8448px;left:7390px;white-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:7665.52px;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:8448px;left:8240.23px;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:8448px;left:8426.94px;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:8448px;left:8554.46px;white-space:nowrap">majority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:9173.33px;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:8448px;left:9360.05px;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:8448px;left:9635.56px;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:8640px;left:0px;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:8640px;left:707.83px;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:8640px;left:1244.31px;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:8640px;left:1739.02px;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:8640px;left:2515.17px;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:8640px;left:2710.85px;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:8640px;left:2838.37px;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:8640px;left:3303.48px;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:8640px;left:3727.32px;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:8640px;left:3881.56px;white-space:nowrap">&#8220;majority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:4583.46px;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:8640px;left:4770.18px;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:8640px;left:5045.7px;white-space:nowrap">outstanding&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:6026.33px;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:8640px;left:6518.32px;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:8640px;left:7028.24px;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:8640px;left:7194.32px;white-space:nowrap">67%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:7550px;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:8640px;left:7742.47px;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:8640px;left:8157.35px;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:8640px;left:8344.06px;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:8640px;left:8619.58px;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:8640px;left:9111.58px;letter-spacing:-0.36px;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:8640px;left:9692.21px;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:9872.85px;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:8832px;left:0px;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:8832px;left:681.43px;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:8832px;left:811.67px;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:8832px;left:1087.19px;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:8832px;left:1661.9px;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:8832px;left:1848.62px;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:8832px;left:2263.49px;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:8832px;left:2622.05px;white-space:nowrap">50%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:2977.73px;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:8832px;left:3164.44px;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:8832px;left:3439.96px;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:8832px;left:3931.96px;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:8832px;left:4198.68px;letter-spacing:-0.36px;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:8832px;left:4779.31px;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:8832px;left:4971.79px;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:8832px;left:5878.34px;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:8832px;left:6097.7px;letter-spacing:-0.48px;white-space:nowrap">proxy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:6539.29px;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:8832px;left:6731.77px;white-space:nowrap">(ii)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:6936.24px;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:8832px;left:7351.12px;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:8832px;left:7709.68px;white-space:nowrap">50%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:8065.35px;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:8832px;left:8252.07px;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:8832px;left:8527.59px;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:8832px;left:9064.06px;white-space:nowrap">whichever
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:9825.66px;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:8832px;left:9976.69px;white-space:nowrap">less.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9158.4px;left:0px;white-space:nowrap">Portfolio
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9158.4px;left:651.34px;white-space:nowrap">Contents</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9504px;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:9504px;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:9504px;left:723.36px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9504px;left:1250.71px;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:9504px;left:1422.55px;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:9504px;left:1970.7px;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:9504px;left:2702.53px;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:9504px;left:3454.84px;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:9504px;left:4154.03px;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:9504px;left:4885.86px;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:9504px;left:5377.86px;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:9504px;left:5692.1px;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:9504px;left:6175.13px;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:9504px;left:6598.65px;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:9504px;left:7306.47px;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:9504px;left:7801.35px;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:9504px;left:7993.83px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9504px;left:8551.26px;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:9504px;left:8865.5px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9504px;left:9562.14px;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:9696px;left:0px;letter-spacing:-0.29px;white-space:nowrap">projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9696px;left:657.59px;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:9696px;left:971.83px;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:9696px;left:1395.34px;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:9696px;left:1940.3px;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:9696px;left:2648.13px;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:9696px;left:2962.36px;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:9696px;left:3702.83px;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:9696px;left:4573.54px;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:9696px;left:5195.61px;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:9696px;left:5895.13px;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:9696px;left:6087.6px;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:9696px;left:6819.43px;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:9696px;left:7355.91px;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:9696px;left:7794.46px;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:9696px;left:8108.7px;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:9696px;left:8816.53px;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:9696px;left:9139.25px;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:9696px;left:9728.84px;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:9696px;left:9968.67px;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:9888px;left:0px;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:9888px;left:669.75px;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:9888px;left:856.47px;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:9888px;left:1430.86px;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:9888px;left:1999.98px;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:9888px;left:2322.69px;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:9888px;left:2473.73px;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:9888px;left:3060.44px;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:9888px;left:3433.72px;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:9888px;left:4020.27px;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:9888px;left:4393.71px;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:9888px;left:4740.42px;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:9888px;left:5152.09px;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:9888px;left:5466.33px;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:9888px;left:5839.77px;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:9888px;left:6186.48px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9888px;left:6512.24px;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:9888px;left:7081.35px;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:10224px;left:0px;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:10224px;left:737.91px;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:10224px;left:1445.74px;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:10224px;left:2008.78px;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:10224px;left:2740.61px;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:10224px;left:3277.08px;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:10224px;left:3760.12px;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:10224px;left:4467.95px;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:10224px;left:4962.82px;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:10224px;left:5155.3px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10224px;left:5712.73px;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:10224px;left:6026.97px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10224px;left:6723.61px;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:10224px;left:7206.48px;letter-spacing:-0.29px;white-space:nowrap">projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10224px;left:7864.07px;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:10224px;left:8675.58px;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:10224px;left:8862.29px;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:10224px;left:9848.36px;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:10416px;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:10416px;left:322.71px;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:10416px;left:959.99px;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:10416px;left:1842.7px;white-space:nowrap">lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10416px;left:2254.69px;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:10416px;left:3137.4px;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:10416px;left:3869.23px;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:10416px;left:4352.26px;letter-spacing:-0.44px;white-space:nowrap">pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10416px;left:5335.94px;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:10416px;left:6067.77px;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:10416px;left:6604.24px;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:10416px;left:7140.23px;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:10416px;left:7682.14px;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:10416px;left:8218.62px;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:10416px;left:8926.45px;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:10416px;left:9421.32px;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:10416px;left:9640.68px;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:10416px;left:10156.03px;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:10608px;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:10608px;left:423.84px;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:10608px;left:852.95px;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:10608px;left:1348.14px;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:10608px;left:1946.37px;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:10608px;left:2645.56px;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:10608px;left:3193.72px;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:10608px;left:3780.27px;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:10608px;left:4102.98px;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:10608px;left:4855.29px;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:10608px;left:5169.53px;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:10608px;left:5593.04px;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:10608px;left:6040.23px;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:10608px;left:6226.95px;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:10608px;left:6958.78px;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:10608px;left:7450.78px;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:10608px;left:7765.01px;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:10608px;left:8517.32px;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:10608px;left:8831.56px;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:10608px;left:9255.08px;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:10608px;left:9800.03px;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:10800px;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:10800px;left:322.71px;letter-spacing:-0.41px;white-space:nowrap">create
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10800px;left:808.63px;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:10800px;left:1508.14px;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:10800px;left:1700.62px;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:10800px;left:2432.45px;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:10800px;left:2968.93px;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:10800px;left:3407.48px;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:10800px;left:3721.72px;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:10800px;left:4429.55px;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:10800px;left:4752.26px;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:10800px;left:5341.86px;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:10800px;left:5581.69px;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:10800px;left:5857.21px;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:10800px;left:6526.96px;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:10800px;left:6713.68px;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:10800px;left:7288.07px;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:10800px;left:7857.18px;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:10800px;left:8179.9px;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:10800px;left:8330.94px;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:10800px;left:8917.65px;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:10800px;left:9290.92px;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:10800px;left:9835.88px;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:10992px;left:0px;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:10992px;left:542.07px;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:10992px;left:1111.19px;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:10992px;left:1368.94px;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:10992px;left:1683.18px;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:10992px;left:2056.62px;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:10992px;left:2403.33px;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:10992px;left:2815.01px;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:10992px;left:3129.25px;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:10992px;left:3502.68px;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:10992px;left:3849.4px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10992px;left:4175.15px;white-space:nowrap">personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10992px;left:4832.9px;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:10992px;left:5402.02px;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:11328px;left:0px;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:11328px;left:737.91px;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:11328px;left:1445.74px;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:11328px;left:1712.46px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:2094.54px;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:11328px;left:2932.76px;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:11328px;left:3631.95px;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:11328px;left:4126.83px;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:11328px;left:4346.19px;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:11328px;left:4849.7px;white-space:nowrap">cities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:5258.33px;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:11328px;left:5572.57px;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:11328px;left:5948.88px;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:11328px;left:6742.47px;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:11328px;left:7056.71px;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:11328px;left:7583.9px;white-space:nowrap">possessions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:8473.01px;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:11328px;left:8787.25px;white-space:nowrap">territories
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:9515.07px;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:11328px;left:9701.79px;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:11328px;left:9977.3px;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:11520px;left:0px;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:11520px;left:479.83px;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:11520px;left:889.11px;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:11520px;left:1084.79px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11520px;left:1600.14px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11520px;left:1949.9px;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:11520px;left:2264.13px;white-space:nowrap">Guam)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11520px;left:2783.01px;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:11520px;left:2975.49px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11520px;left:3532.92px;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:11520px;left:3725.4px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11520px;left:4422.03px;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:11520px;left:4904.91px;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:11520px;left:5538.98px;letter-spacing:-0.32px;white-space:nowrap">projects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11520px;left:6152.09px;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:11520px;left:6519.77px;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:11520px;left:6715.45px;letter-spacing:-0.41px;white-space:nowrap">roads,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11520px;left:7198.48px;white-space:nowrap">schools,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11520px;left:7817.99px;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:11520px;left:8132.23px;white-space:nowrap">water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11520px;left:8570.46px;white-space:nowrap">supply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11520px;left:9083.1px;white-space:nowrap">systems.</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: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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Shareholder
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1871.68px;white-space:nowrap">Update
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:2984.16px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4235.41px;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">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">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1046.07px;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:0px;left:1753.9px;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:0px;left:1925.74px;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:2379.17px;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:2654.69px;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:0px;left:3063.81px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3591.16px;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:0px;left:3857.88px;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:0px;left:4557.07px;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:0px;left:5051.95px;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:0px;left:5271.31px;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:5546.82px;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:0px;left:5958.5px;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:0px;left:6145.21px;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:0px;left:6518.65px;letter-spacing:-2.45px;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:0px;left:6909.85px;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:0px;left:7037.37px;white-space:nowrap">municipality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7937.83px;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:0px;left:8124.55px;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:0px;left:8497.99px;letter-spacing:-2.45px;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:0px;left:8889.18px;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:0px;left:9081.66px;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:0px;left:9209.17px;white-space:nowrap">political
</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">subdivision
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:841.43px;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:192px;left:1028.14px;letter-spacing:-1.84px;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:192px;left:1513.9px;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:192px;left:1828.14px;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:192px;left:2130.53px;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:2704.93px;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:192px;left:3072.12px;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:192px;left:3243.96px;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:192px;left:3519.48px;white-space:nowrap">opinion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4106.19px;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:192px;left:4292.91px;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:4716.74px;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:192px;left:5306.66px;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:192px;left:5499.13px;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:5774.65px;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:192px;left:6224.88px;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:6458.96px;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:192px;left:6687.28px;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:192px;left:6962.79px;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:7362.79px;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:192px;left:7549.5px;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:7973.02px;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:192px;left:8648.21px;white-space:nowrap">believed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9309px;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:9528.36px;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:10130.28px;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: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:384px;left:995.99px;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:384px;left:1188.47px;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:1419.67px;letter-spacing:-0.26px;white-space:nowrap">reliable),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2074.38px;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:384px;left:2225.42px;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:384px;left:2812.13px;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:3185.41px;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:384px;left:3730.36px;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:384px;left:4316.91px;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:384px;left:4690.35px;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:384px;left:5037.06px;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:384px;left:5448.74px;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:384px;left:5762.98px;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:384px;left:6136.41px;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:384px;left:6483.13px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:6808.88px;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:7378px;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:384px;left:7837.35px;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:384px;left:8515.9px;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:384px;left:8791.42px;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:9365.81px;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:384px;left:9706.77px;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:384px;left:9937.97px;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: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">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1010.07px;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:576px;left:1803.65px;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:576px;left:2511.8px;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:576px;left:2814.04px;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:576px;left:3128.28px;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:576px;left:3537.4px;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:576px;left:3878.35px;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:576px;left:4337.55px;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:576px;left:4509.39px;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:576px;left:5241.22px;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:576px;left:5949.05px;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:576px;left:6443.92px;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:576px;left:6663.28px;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:576px;left:6995.44px;white-space:nowrap">territories
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:7723.26px;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:576px;left:8132.54px;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:576px;left:8328.22px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:8843.57px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:9193.32px;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:576px;left:9385.8px;white-space:nowrap">Guam)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:9904.68px;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:576px;left:10227.39px;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:768px;left:0px;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:768px;left:586.71px;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:768px;left:959.99px;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:768px;left:1504.94px;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:768px;left:2091.49px;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:768px;left:2464.93px;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:768px;left:2811.65px;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:768px;left:3223.32px;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:768px;left:3537.56px;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:768px;left:3911px;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:768px;left:4257.71px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:4583.46px;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:768px;left:5152.58px;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:1104px;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:1104px;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:1104px;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:1104px;left:1064.31px;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:1104px;left:1393.27px;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:1104px;left:1852.46px;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:1104px;left:2024.3px;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:1104px;left:2756.13px;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:1104px;left:3463.96px;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:1104px;left:3786.68px;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:1104px;left:4089.07px;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:4663.47px;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:1104px;left:4986.18px;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:1104px;left:5137.22px;white-space:nowrap">taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:5703.13px;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:6165.37px;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:1104px;left:6440.89px;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:1104px;left:6982.96px;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:1104px;left:7776.55px;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:1104px;left:8484.7px;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:1104px;left:8742.45px;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:9527.56px;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:1296px;left:0px;white-space:nowrap">noncorporate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:1013.26px;white-space:nowrap">taxpayers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:1739.17px;white-space:nowrap">(&#8220;AMT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:2252.29px;white-space:nowrap">Bonds&#8221;).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:2916.44px;white-space:nowrap">AMT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:3304.92px;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:1296px;left:3799.95px;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:4140.91px;white-space:nowrap">trigger
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:4667.62px;white-space:nowrap">adverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:5269.21px;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:1296px;left:5526.97px;white-space:nowrap">consequences
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:6588.4px;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:6828.24px;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:1296px;left:7237.36px;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:1296px;left:8191.43px;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:1296px;left:8535.26px;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:8801.98px;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:1296px;left:9358.93px;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:1296px;left:9551.41px;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:1296px;left:9826.93px;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:1488px;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:1488px;left:793.59px;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:1488px;left:1501.74px;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:1824px;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:1824px;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:1824px;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:1824px;left:1064.31px;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:1824px;left:1523.51px;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:1824px;left:1695.35px;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:1824px;left:2427.18px;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:1824px;left:3135.01px;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:1824px;left:3457.72px;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:1824px;left:4177.56px;white-space:nowrap">lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:4589.55px;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:1824px;left:5427.78px;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:5742.02px;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:1824px;left:6553.52px;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:1824px;left:6740.24px;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:1824px;left:7681.82px;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:1824px;left:7853.66px;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:1824px;left:8221.34px;white-space:nowrap">leases.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:8745.97px;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:1824px;left:8900.21px;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:1824px;left:9632.04px;white-space:nowrap">lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:10044.04px;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:10195.08px;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:2016px;left:0px;white-space:nowrap">obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:770.07px;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:2016px;left:941.9px;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:2016px;left:1217.42px;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:2016px;left:1596.45px;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:2016px;left:1783.17px;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:2016px;left:1910.69px;white-space:nowrap">lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:2322.69px;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:2016px;left:2515.16px;white-space:nowrap">installment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:3335.47px;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:2016px;left:4023.14px;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:2016px;left:4345.86px;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:4496.9px;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:2016px;left:4991.77px;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:2016px;left:5211.13px;white-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:5338.65px;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:2016px;left:5729.52px;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:2016px;left:5922px;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:2016px;left:6298.31px;letter-spacing:0.26px;white-space:nowrap">government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:7213.82px;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:2016px;left:7406.3px;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:2016px;left:7975.25px;white-space:nowrap">equipment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:8798.92px;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:2016px;left:9113.16px;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:2016px;left:9773.47px;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:2208px;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:2208px;left:373.27px;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:2208px;left:740.95px;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:2208px;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:2208px;left:2278.37px;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:2208px;left:2429.41px;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:2208px;left:3016.12px;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:2208px;left:3389.39px;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:2208px;left:3780.27px;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:2208px;left:4094.51px;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:2208px;left:4470.82px;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:2208px;left:4885.7px;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:2208px;left:5057.53px;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:2208px;left:5333.05px;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:2208px;left:5723.93px;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:2208px;left:5910.64px;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:2208px;left:6601.36px;white-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:6755.6px;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:2208px;left:7498.94px;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:2208px;left:7685.66px;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:2208px;left:8627.24px;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:2208px;left:9415.23px;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:9631.71px;white-space:nowrap">undivided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;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:2400px;left:574.39px;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:2400px;left:746.23px;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:962.71px;white-space:nowrap">unmanaged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:1860.94px;white-space:nowrap">pool
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:2231.34px;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:2400px;left:2418.05px;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:2400px;left:3149.89px;white-space:nowrap">leases,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:3674.52px;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:2400px;left:3891px;white-space:nowrap">installment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:4711.31px;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:2400px;left:5398.98px;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:2400px;left:6219.78px;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:2400px;left:6412.25px;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:2400px;left:6835.77px;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:2400px;left:7750.95px;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:2400px;left:8065.19px;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:2400px;left:8876.7px;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:2400px;left:9501.65px;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:2400px;left:9768.37px;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:2400px;left:10263.24px;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:2592px;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:2592px;left:127.52px;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:2592px;left:859.35px;letter-spacing:-1.84px;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:2592px;left:1446.55px;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:2592px;left:1574.07px;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:1935.02px;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:2592px;left:2127.5px;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:2592px;left:2551.01px;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:2592px;left:2995.16px;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:2592px;left:3317.88px;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:2592px;left:3602.51px;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:2592px;left:4254.51px;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:2592px;left:4470.99px;white-space:nowrap">assignment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:5327.3px;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:2592px;left:5514.02px;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:2592px;left:5789.53px;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:2592px;left:6527.45px;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:2592px;left:6719.92px;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:2592px;left:6951.12px;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:2592px;left:7401.68px;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:2592px;left:7621.04px;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:2592px;left:7896.55px;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:2592px;left:8287.43px;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:2592px;left:8479.9px;white-space:nowrap">political
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:9083.89px;white-space:nowrap">subdivision
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:9925.32px;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:2784px;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:2784px;left:367.68px;white-space:nowrap">leases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:847.83px;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:2784px;left:1040.31px;white-space:nowrap">installment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:1860.62px;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:2784px;left:2548.29px;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:3481.73px;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:2784px;left:3870.21px;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:2784px;left:4681.71px;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:2784px;left:5271.3px;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:2784px;left:5546.82px;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:5955.94px;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:6296.41px;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:2784px;left:6571.93px;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:2784px;left:6947.76px;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:2784px;left:7140.24px;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:2784px;left:7267.76px;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:2784px;left:7555.11px;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:2784px;left:7871.91px;white-space:nowrap">undivided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:8630.46px;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:2784px;left:9204.85px;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:2784px;left:9376.69px;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:2784px;left:9652.21px;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:2976px;left:0px;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:2976px;left:731.83px;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:2976px;left:1484.14px;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:2976px;left:1659.82px;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:2976px;left:2341.09px;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:2708.77px;white-space:nowrap">participations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:3718.51px;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:2976px;left:4417.7px;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:2976px;left:5007.29px;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:2976px;left:5282.81px;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:2976px;left:5691.93px;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:2976px;left:6032.4px;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:2976px;left:6307.92px;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:2976px;left:6683.75px;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:2976px;left:6876.23px;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:2976px;left:7513.5px;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:2976px;left:8227.74px;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:2976px;left:8456.05px;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:2976px;left:8737.49px;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:2976px;left:9152.37px;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:2976px;left:9510.92px;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:2976px;left:9967.56px;white-space:nowrap">days&#8217;
</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">notice,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:530.39px;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:3168px;left:717.11px;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:3168px;left:921.43px;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:3168px;left:1113.9px;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:3168px;left:1407.5px;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:3168px;left:1739.01px;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:3168px;left:1925.73px;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:3168px;left:2201.25px;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:3168px;left:2702.37px;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:3168px;left:3643.95px;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:3168px;left:4218.34px;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:3168px;left:4390.18px;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:3168px;left:4665.7px;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:5468.57px;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:3168px;left:6200.4px;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:3168px;left:6952.71px;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:3168px;left:7290.46px;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:3168px;left:7901.02px;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:3504px;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:3504px;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:3504px;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:3504px;left:1064.31px;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:3504px;left:1523.51px;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:3504px;left:1695.35px;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:3504px;left:2427.18px;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:3504px;left:2910.21px;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:3504px;left:3648.13px;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:3504px;left:4355.95px;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:3504px;left:4527.79px;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:3504px;left:4803.31px;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:3504px;left:5182.34px;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:3504px;left:5369.06px;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:3504px;left:5807.61px;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:3504px;left:6506.8px;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:3504px;left:6773.52px;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:3504px;left:7161.84px;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:3504px;left:7354.32px;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:3504px;left:7943.91px;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:8183.74px;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:3504px;left:8974.13px;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:3504px;left:9489.48px;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:3504px;left:10011.24px;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:3696px;left:0px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:879.67px;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:3696px;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:3696px;left:1282.86px;letter-spacing:-1.97px;white-space:nowrap">issuer&#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:1825.1px;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:3696px;left:2364.13px;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:3696px;left:2550.84px;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:3696px;left:2974.36px;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:3696px;left:3659.16px;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:3696px;left:3851.63px;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:3696px;left:4589.7px;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:3696px;left:4903.94px;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:3696px;left:5528.89px;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:3696px;left:5911.45px;white-space:nowrap">maturities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:6657.52px;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:3696px;left:6844.23px;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:3696px;left:7075.43px;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:3696px;left:7267.91px;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:3696px;left:7682.62px;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:3696px;left:8141.98px;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:3696px;left:8530.46px;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:3696px;left:9401.17px;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:3696px;left:9742.12px;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:3888px;left:0px;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:3888px;left:257.76px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:1137.42px;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:3888px;left:1620.46px;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:3888px;left:2237.09px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:3116.76px;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:3888px;left:3599.79px;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:3888px;left:4023.63px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:4903.3px;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:3888px;left:5386.33px;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:3888px;left:5644.09px;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:3888px;left:5958.33px;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:3888px;left:6574.96px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:7454.63px;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:3888px;left:7893.18px;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:3888px;left:8207.42px;white-space:nowrap">construction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:9128.69px;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:3888px;left:9478.44px;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:3888px;left:9961.48px;letter-spacing:-4.44px;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:4080px;left:0px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:879.67px;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:4080px;left:1318.22px;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:4080px;left:1584.94px;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:4080px;left:2079.81px;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:4080px;left:2272.29px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:2829.73px;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:4080px;left:3105.24px;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:4080px;left:3715.47px;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:4080px;left:4230.83px;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:4080px;left:4708.1px;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:4080px;left:4894.82px;letter-spacing:0.22px;white-space:nowrap">governments.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:5922.97px;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:4080px;left:6678.64px;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:4080px;left:7031.28px;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:4080px;left:7298px;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:4080px;left:7792.87px;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:4080px;left:7964.71px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:8844.38px;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:4080px;left:9031.09px;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:4080px;left:9579.24px;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:4080px;left:9837px;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:4272px;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:4272px;left:367.68px;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:4272px;left:563.36px;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:4272px;left:1176.95px;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:4272px;left:1612.63px;letter-spacing:-1.76px;white-space:nowrap">property,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:2299.82px;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:4272px;left:2590.38px;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:4272px;left:2904.61px;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:4272px;left:3556.61px;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:4272px;left:4015.96px;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:4272px;left:4330.2px;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:4272px;left:4596.92px;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:4272px;left:5207.48px;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:4272px;left:5580.75px;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:4272px;left:6013.39px;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:4272px;left:6591.3px;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:4272px;left:7053.37px;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:4272px;left:7512.73px;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:4272px;left:8174.01px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:9053.67px;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:4272px;left:9492.23px;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:4272px;left:9758.95px;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:4272px;left:10253.82px;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:4464px;left:0px;white-space:nowrap">expectation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:885.91px;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:4464px;left:1072.62px;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:4464px;left:1611.66px;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:4464px;left:1798.37px;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:4464px;left:2221.89px;white-space:nowrap">kinds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:2636.76px;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:4464px;left:2823.48px;letter-spacing:-0.32px;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:4464px;left:3484.6px;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:4464px;left:3852.28px;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:4464px;left:4047.95px;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:4464px;left:4590.03px;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:4464px;left:5274.82px;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:4464px;left:5947.46px;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:4464px;left:6409.69px;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:4464px;left:6951.77px;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:4464px;left:7568.4px;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:4464px;left:8131.28px;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:4464px;left:8901.51px;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:4464px;left:9328.38px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:10208.05px;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:4656px;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:4656px;left:266.72px;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:4656px;left:761.59px;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:4656px;left:954.07px;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:4656px;left:1543.66px;white-space:nowrap">interim
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:2085.41px;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:4656px;left:2779.01px;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:4656px;left:3131.32px;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:4656px;left:3883.47px;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:4656px;left:4307.3px;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:4656px;left:5000.9px;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:4656px;left:5294.49px;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:4656px;left:5525.69px;white-space:nowrap">arranged.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:6260.41px;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:4656px;left:6436.08px;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:4656px;left:6833.04px;white-space:nowrap">cases,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:7307.43px;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:4656px;left:7582.95px;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:4656px;left:8335.1px;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:4656px;left:8827.09px;white-space:nowrap">then
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:9191.57px;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:4656px;left:9781.16px;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:4656px;left:10056.68px;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:4848px;left:0px;white-space:nowrap">needed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:595.84px;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:4848px;left:835.67px;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:4848px;left:1644.62px;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:4848px;left:1831.34px;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:4848px;left:2106.86px;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:4848px;left:2530.69px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:3410.36px;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:4848px;left:3893.39px;letter-spacing:-4.44px;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:4848px;left:4172.11px;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:4848px;left:4486.35px;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:4848px;left:5102.99px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:5982.65px;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:4848px;left:6421.21px;white-space:nowrap">combine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:7088.08px;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:4848px;left:7363.6px;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:4848px;left:7956.23px;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:4848px;left:8537.19px;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:4848px;left:8723.9px;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:4848px;left:9103.1px;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:4848px;left:9360.85px;white-space:nowrap">anticipation
</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">notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:438.55px;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:5040px;left:752.79px;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:5040px;left:1369.43px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:2249.1px;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:5040px;left:2732.13px;white-space:nowrap">Construction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:3688.92px;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:5040px;left:4038.67px;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:5040px;left:4477.23px;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:5040px;left:4743.95px;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:5040px;left:5087.62px;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:5040px;left:5280.1px;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:5040px;left:5869.69px;white-space:nowrap">construction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:6790.95px;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:5040px;left:7529.03px;white-space:nowrap">Mortgage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:8284.54px;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:5040px;left:8723.09px;letter-spacing:-0.36px;white-space:nowrap">insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:9289.01px;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:5040px;left:9508.36px;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:5040px;left:9783.88px;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:5232px;left:0px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:637.11px;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:5232px;left:1339.02px;letter-spacing:-0.41px;white-space:nowrap">secure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:1845.9px;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:5232px;left:2278.53px;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:5232px;left:2761.57px;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:5232px;left:3443.32px;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:5232px;left:3718.84px;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:5232px;left:4427.15px;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:5232px;left:4800.42px;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:5232px;left:5075.94px;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:5232px;left:5796.1px;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:5232px;left:6137.05px;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:5232px;left:6368.25px;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:5232px;left:6676.41px;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:5232px;left:7034.97px;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:5232px;left:7310.48px;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:5232px;left:8051.59px;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:5232px;left:8839.75px;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:5232px;left:9026.46px;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:5232px;left:9301.98px;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:5232px;left:9971.73px;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:5424px;left:0px;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:5424px;left:657.43px;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:5424px;left:971.67px;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:5424px;left:1546.06px;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:5424px;left:1774.38px;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:5424px;left:2049.9px;white-space:nowrap">mortgage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:2799.32px;white-space:nowrap">note
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:3169.72px;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:5424px;left:3299.96px;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:5424px;left:3714.67px;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:5424px;left:3999.31px;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:5424px;left:4408.43px;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:5424px;left:4535.95px;white-space:nowrap">default.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:5122.5px;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:5424px;left:5436.74px;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:5424px;left:6280.89px;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:5424px;left:6965.69px;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:5424px;left:7338.96px;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:5424px;left:7798.32px;white-space:nowrap">grants
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:8286.95px;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:5424px;left:8479.42px;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:5424px;left:8903.26px;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:5424px;left:9596.85px;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:5616px;left:0px;letter-spacing:-0.41px;white-space:nowrap">secure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:506.88px;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:5616px;left:782.4px;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:5616px;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:5616px;left:1807.34px;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:5616px;left:2023.82px;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:5616px;left:2474.05px;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:5616px;left:2660.77px;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:5616px;left:3392.6px;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:5952px;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:5952px;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:5952px;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:5952px;left:1064.31px;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:5952px;left:1523.51px;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:5952px;left:1695.35px;white-space:nowrap">&#8220;tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5952px;left:2400.78px;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:5952px;left:3203.33px;white-space:nowrap">bonds.&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5952px;left:3822.84px;letter-spacing:-2.22px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5952px;left:4466.19px;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:5952px;left:5268.74px;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:5952px;left:5760.73px;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:5952px;left:6027.45px;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:5952px;left:6759.28px;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:5952px;left:7467.11px;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:5952px;left:7789.83px;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:5952px;left:8056.55px;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:5952px;left:8661.18px;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:5952px;left:8853.66px;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:5952px;left:9464.21px;white-space:nowrap">solely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5952px;left:9914.61px;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:5952px;left:10287.88px;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:6144px;left:0px;white-space:nowrap">collateralization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6144px;left:1157.9px;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:6144px;left:1344.61px;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:6144px;left:1620.13px;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:6144px;left:2328.44px;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:6144px;left:2701.72px;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:6144px;left:3081.07px;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:6144px;left:3561.07px;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:6144px;left:3753.54px;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:6144px;left:4177.06px;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:6144px;left:4846px;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:6144px;left:5402.95px;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:6144px;left:5678.47px;white-space:nowrap">tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6144px;left:6300.86px;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:6480px;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:6480px;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:6480px;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:6480px;left:1064.31px;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:6480px;left:1523.51px;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:6480px;left:1695.35px;letter-spacing:-0.44px;white-space:nowrap">pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:2679.02px;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:6480px;left:3410.85px;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:6480px;left:4163.16px;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:6480px;left:4477.4px;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:6480px;left:5134.83px;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:6480px;left:5321.54px;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:5635.78px;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:6480px;left:6210.17px;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:6480px;left:6438.49px;letter-spacing:-0.44px;white-space:nowrap">pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:7422.16px;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:6480px;left:8153.99px;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:6480px;left:8861.82px;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:6480px;left:9128.54px;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:6480px;left:9356.86px;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:6480px;left:9863.41px;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:6672px;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:6672px;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:6672px;left:648.79px;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:6672px;left:1226.22px;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:6672px;left:1842.86px;letter-spacing:-0.41px;white-space:nowrap">source
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:2355.65px;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:6672px;left:2595.49px;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:6672px;left:2871.01px;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:6672px;left:3623.32px;white-space:nowrap">Instead,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:4234.51px;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:6672px;left:4510.03px;letter-spacing:-0.41px;white-space:nowrap">source
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:5022.82px;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:6672px;left:5209.54px;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:6672px;left:5577.22px;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:6672px;left:6315.13px;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:6672px;left:6466.17px;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:6672px;left:7091.12px;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:6672px;left:7307.6px;letter-spacing:-0.41px;white-space:nowrap">escrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:7846.95px;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:6672px;left:8214.47px;white-space:nowrap">consisting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:8972.85px;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:6672px;left:9159.57px;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:6672px;left:9491.73px;letter-spacing:0.26px;white-space:nowrap">government
</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">securities.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:752.31px;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:6864px;left:1066.55px;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:6864px;left:1540.62px;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:6864px;left:1712.46px;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:6864px;left:1987.98px;letter-spacing:-0.41px;white-space:nowrap">escrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:2527.33px;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:6864px;left:2894.85px;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:6864px;left:3161.57px;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:6864px;left:3748.12px;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:6864px;left:4121.39px;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:6864px;left:4396.91px;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:6864px;left:5105.22px;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:6864px;left:5291.94px;letter-spacing:-0.29px;white-space:nowrap">refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:6023.77px;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:6864px;left:6515.77px;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:6864px;left:7010.64px;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:6864px;left:7230px;white-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:7505.52px;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:6864px;left:7926.48px;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:6864px;left:8376.71px;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:6864px;left:8572.39px;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:6864px;left:8847.91px;letter-spacing:-0.44px;white-space:nowrap">pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:9831.58px;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:7056px;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:7056px;left:752.31px;white-space:nowrap">Issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:1274.54px;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:7056px;left:1461.26px;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:7056px;left:2193.09px;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:7056px;left:2900.92px;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:7056px;left:3191.48px;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:7056px;left:3484.59px;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:7056px;left:4125.07px;letter-spacing:-0.29px;white-space:nowrap">refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:4856.9px;white-space:nowrap">technique
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:5612.58px;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:7056px;left:5805.05px;white-space:nowrap">obtain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:6305.69px;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:7056px;left:6720.56px;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:7056px;left:7428.71px;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:7056px;left:7875.74px;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:7056px;left:8216.22px;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:7056px;left:8785.01px;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:7056px;left:8977.49px;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:7056px;left:9685.31px;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:7056px;left:10008.03px;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:7248px;left:0px;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:7248px;left:281.44px;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:7248px;left:545.11px;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:7248px;left:1102.07px;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:7248px;left:1294.54px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:1575.98px;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:7248px;left:1768.45px;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:7248px;left:2648.28px;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:7248px;left:2867.64px;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:7248px;left:3143.16px;letter-spacing:-1.84px;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:7248px;left:3623.15px;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:7248px;left:3904.59px;white-space:nowrap">example,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:4604.1px;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:7248px;left:5244.58px;letter-spacing:-0.29px;white-space:nowrap">refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:5976.41px;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:7248px;left:6575.13px;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:7248px;left:6791.61px;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:7248px;left:7241.84px;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:7248px;left:7434.32px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:8130.95px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:8513.03px;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:7248px;left:8693.66px;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:7248px;left:9129.02px;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:7248px;left:9665.17px;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:7440px;left:0px;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:7440px;left:435.35px;letter-spacing:-0.48px;white-space:nowrap">restructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:1240.78px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:1622.86px;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:7440px;left:1815.33px;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:7440px;left:2443.49px;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:7440px;left:2805.24px;text-rendering:optimizeLegibility;white-space:nowrap">flow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:3146.04px;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:7440px;left:3338.51px;white-space:nowrap">eliminate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:4037.54px;letter-spacing:-0.24px;white-space:nowrap">restrictive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:4768.73px;white-space:nowrap">covenants
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:5533.52px;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:7440px;left:5705.36px;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:7440px;left:5980.88px;letter-spacing:-0.29px;white-space:nowrap">indenture
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:6709.67px;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:7440px;left:6902.15px;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:7440px;left:7325.66px;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:7440px;left:8098.93px;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:7440px;left:8901.48px;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:7440px;left:9141.31px;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:7440px;left:9416.83px;letter-spacing:-0.44px;white-space:nowrap">pre-refunded
</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">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:731.83px;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:7632px;left:1484.14px;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:7632px;left:2192.45px;white-space:nowrap">except
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:2719.97px;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:7632px;left:2959.8px;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:7632px;left:3087.32px;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:7632px;left:3656.6px;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:7632px;left:3828.44px;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:7632px;left:4103.95px;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:7632px;left:4720.59px;letter-spacing:-0.41px;white-space:nowrap">source
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:5233.39px;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:7632px;left:5606.66px;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:7632px;left:6060.1px;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:7632px;left:6717.52px;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:7632px;left:7031.76px;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:7632px;left:7606.15px;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:7632px;left:8344.07px;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:7632px;left:8610.79px;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:7632px;left:9105.82px;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:7632px;left:9381.34px;letter-spacing:-0.44px;white-space:nowrap">pre-refunded
</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">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7824px;left:731.83px;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:7824px;left:1439.66px;letter-spacing:-0.41px;white-space:nowrap">remain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7824px;left:1970.06px;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:7824px;left:2867.64px;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:7824px;left:3095.96px;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:7824px;left:3463px;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:7824px;left:4040.42px;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:7824px;left:4487.46px;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:7824px;left:4839.77px;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:7824px;left:5192.41px;letter-spacing:-0.41px;white-space:nowrap">mature
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7824px;left:5737.52px;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:7824px;left:5930px;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:7824px;left:6196.72px;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:7824px;left:6979.11px;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:7824px;left:7198.47px;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:7824px;left:7473.99px;letter-spacing:-2.1px;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:8160px;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:8160px;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:8160px;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:8160px;left:1064.31px;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:8160px;left:1523.51px;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:8160px;left:1695.35px;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:8160px;left:2231.34px;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:8160px;left:2773.25px;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:8160px;left:3309.72px;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:8160px;left:3839.79px;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:8160px;left:4381.7px;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:8160px;left:4873.7px;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:8160px;left:5140.42px;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:8160px;left:5635.29px;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:8160px;left:5854.65px;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:8160px;left:6047.12px;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:8160px;left:6275.44px;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:8160px;left:6764.4px;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:8160px;left:6951.11px;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:8160px;left:7433.99px;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:8160px;left:8227.57px;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:8160px;left:8420.05px;white-space:nowrap">obtain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:8920.68px;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:8160px;left:9356.36px;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:8160px;left:9548.83px;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:8352px;left:0px;white-space:nowrap">privately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:651.51px;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:8352px;left:1353.58px;white-space:nowrap">housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:1964.13px;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:8352px;left:2624.44px;white-space:nowrap">airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:3186.83px;white-space:nowrap">mass
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:3586.98px;white-space:nowrap">transit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:4069.38px;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:8352px;left:4261.85px;white-space:nowrap">port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:4605.2px;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:8352px;left:5265.51px;white-space:nowrap">sewage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:5852.39px;white-space:nowrap">disposal,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:6527.9px;white-space:nowrap">solid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:6909.97px;white-space:nowrap">waste
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:7363.24px;white-space:nowrap">disposal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:7994.27px;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:8352px;left:8186.75px;letter-spacing:-0.29px;white-space:nowrap">hazardous
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:8954.42px;white-space:nowrap">waste
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:9407.7px;letter-spacing:-0.29px;white-space:nowrap">treatment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:10148.01px;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:8544px;left:0px;white-space:nowrap">disposal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:631.03px;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:8544px;left:1246.86px;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:8544px;left:1561.1px;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:8544px;left:2088.29px;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:8544px;left:2464.6px;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:8544px;left:3080.43px;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:8544px;left:3320.26px;white-space:nowrap">water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:3758.5px;letter-spacing:-1.84px;white-space:nowrap">supply,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:4300.89px;white-space:nowrap">gas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:4594.33px;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:8544px;left:4786.8px;letter-spacing:-1.13px;white-space:nowrap">electricity.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:5544.87px;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:8544px;left:6006.95px;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:8544px;left:6436.54px;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:8544px;left:6623.26px;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:8544px;left:7159.25px;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:8544px;left:7701.16px;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:8544px;left:8237.63px;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:8544px;left:8513.15px;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:8544px;left:9221.46px;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:8544px;left:9408.18px;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:8544px;left:9861.61px;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:8544px;left:10128.33px;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:8736px;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:8736px;left:239.83px;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:8736px;left:515.35px;white-space:nowrap">construction,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8736px;left:1481.1px;white-space:nowrap">equipment,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8736px;left:2349.25px;letter-spacing:-0.41px;white-space:nowrap">repair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8736px;left:2805.24px;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:8736px;left:2997.72px;letter-spacing:-0.24px;white-space:nowrap">improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8736px;left:3993.23px;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:8736px;left:4179.94px;white-space:nowrap">privately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8736px;left:4831.45px;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:8736px;left:5533.52px;white-space:nowrap">industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8736px;left:6226.31px;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:8736px;left:6418.78px;letter-spacing:-0.26px;white-space:nowrap">commercial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8736px;left:7284.05px;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:8736px;left:7944.36px;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:8736px;left:8285.32px;white-space:nowrap">constitute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8736px;left:9034.58px;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:8736px;left:9766.42px;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:8928px;left:0px;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:8928px;left:678.55px;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:8928px;left:954.07px;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:8928px;left:1499.02px;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:8928px;left:2041.1px;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:8928px;left:2298.85px;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:8928px;left:2648.45px;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:8928px;left:3078.2px;white-space:nowrap">substantial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8928px;left:3883.79px;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:8928px;left:4659.46px;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:8928px;left:4887.77px;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:8928px;left:5163.29px;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:8928px;left:5471.45px;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:8928px;left:5658.16px;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:8928px;left:6025.84px;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:9264px;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:9264px;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:9264px;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:9264px;left:1064.31px;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:9264px;left:1523.51px;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:9264px;left:1695.35px;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:9264px;left:2243.5px;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:9264px;left:2830.05px;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:9264px;left:3152.77px;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:9264px;left:3860.6px;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:9264px;left:4355.47px;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:9264px;left:4574.83px;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:9264px;left:4702.35px;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:9264px;left:5072.91px;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:9264px;left:5478.34px;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:9264px;left:5753.85px;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:9264px;left:6328.25px;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:9264px;left:6650.96px;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:9264px;left:6879.28px;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:9264px;left:7332.71px;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:9264px;left:7785.99px;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:9264px;left:8449.66px;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:9264px;left:8790.13px;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:9264px;left:9065.65px;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:9264px;left:9794.28px;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:9456px;left:0px;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:9456px;left:669.75px;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:9456px;left:1280.15px;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:9456px;left:2139.49px;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:9456px;left:2929.88px;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:9456px;left:3297.07px;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:9456px;left:3750.51px;letter-spacing:-0.41px;white-space:nowrap">resets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9456px;left:4212.58px;letter-spacing:-1.84px;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:9456px;left:4772.9px;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:9456px;left:4965.37px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9456px;left:5092.89px;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:9456px;left:5593.2px;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:9456px;left:6383.58px;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:9456px;left:6750.78px;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:9456px;left:7065.02px;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:9456px;left:7216.05px;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:9456px;left:7850.29px;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:9456px;left:8069.65px;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:9456px;left:8345.17px;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:9456px;left:9056.68px;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:9456px;left:9601.64px;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:9456px;left:9794.11px;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:9456px;left:10069.63px;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:9648px;left:0px;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:9648px;left:405.43px;letter-spacing:-2.95px;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:9648px;left:1081.1px;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:9648px;left:1629.26px;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:9648px;left:2215.81px;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:9648px;left:2538.52px;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:9648px;left:3246.35px;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:9648px;left:3966.19px;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:9648px;left:4698.18px;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:9648px;left:5340.73px;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:9648px;left:5512.57px;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:9648px;left:5640.09px;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:9648px;left:6176.4px;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:9648px;left:6810.47px;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:9648px;left:7171.43px;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:9648px;left:8030.77px;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:9648px;left:8498.93px;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:9648px;left:8626.45px;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:9648px;left:8997px;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:9648px;left:9399.56px;letter-spacing:0.41px;white-space:nowrap">formed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9648px;left:9965.31px;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:9648px;left:10184.66px;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:9840px;left:0px;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:9840px;left:372.95px;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:9840px;left:781.59px;white-space:nowrap">sponsor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9840px;left:1391.98px;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:9840px;left:1631.81px;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:9840px;left:1907.33px;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:9840px;left:2541.4px;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:9840px;left:2728.12px;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:9840px;left:3317.71px;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:9840px;left:4049.54px;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:9840px;left:4586.02px;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:9840px;left:5138.01px;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:9840px;left:5724.56px;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:9840px;left:6047.28px;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:9840px;left:6755.1px;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:9840px;left:7096.06px;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:9840px;left:7724.38px;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:9840px;left:7916.85px;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:9840px;left:8604.53px;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:9840px;left:8776.37px;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:9840px;left:9197.32px;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:9840px;left:9377.96px;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:9840px;left:9505.48px;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:9840px;left:10065.15px;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:10032px;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:10032px;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:10032px;left:634.07px;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:10032px;left:1436.95px;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:10032px;left:2011.34px;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:10032px;left:2334.05px;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:10032px;left:2562.37px;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:10032px;left:2837.89px;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:10032px;left:3569.72px;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:10032px;left:3993.55px;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:10032px;left:4352.11px;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:10032px;left:4571.47px;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:10032px;left:4846.99px;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:10032px;left:5217.54px;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:10032px;left:5622.98px;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:10032px;left:6076.41px;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:10032px;left:6840.88px;white-space:nowrap">leverages
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10032px;left:7569.83px;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:10032px;left:7845.35px;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:10032px;left:8346.47px;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:10368px;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:10368px;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:10368px;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:10368px;left:1064.31px;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:10368px;left:1523.51px;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:10368px;left:1695.35px;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:10368px;left:2281.9px;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:10368px;left:2604.61px;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:10368px;left:3312.44px;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:10368px;left:3807.32px;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:10368px;left:4026.67px;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:10368px;left:4562.99px;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:10368px;left:5197.06px;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:10368px;left:5670.65px;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:10368px;left:6298.64px;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:10368px;left:6621.36px;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:10368px;left:7329.19px;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:10368px;left:7670.14px;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:10368px;left:8016.86px;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:10368px;left:8292.38px;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:10368px;left:8671.41px;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:10368px;left:8858.13px;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:10368px;left:9648.51px;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:10368px;left:10235.06px;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:10560px;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:10560px;left:707.83px;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:10560px;left:900.31px;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:10560px;left:1175.82px;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:10560px;left:1688.29px;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:10560px;left:2203.65px;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:10560px;left:2544.6px;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:10560px;left:2775.8px;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:10560px;left:3696.91px;letter-spacing:-1.84px;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:10560px;left:4233.22px;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:10560px;left:4988.89px;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:10560px;left:5264.41px;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:10560px;left:5838.8px;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:10560px;left:6161.52px;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:10560px;left:6709.67px;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:10560px;left:6984.87px;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:10560px;left:7216.06px;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:10560px;left:7696.22px;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:10560px;left:8111.26px;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:10560px;left:8386.77px;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:10560px;left:8922.93px;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:10560px;left:9313.8px;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:10560px;left:9553.64px;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:10752px;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:10752px;left:707.83px;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:10752px;left:1048.3px;white-space:nowrap">maturities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10752px;left:1794.37px;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:10752px;left:1986.85px;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:10752px;left:2887.31px;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:10752px;left:3648.74px;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:10752px;left:3971.46px;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:10752px;left:4238.18px;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:10752px;left:5133.04px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10752px;left:5304.88px;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:10752px;left:5947.59px;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:10752px;left:6140.07px;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:10752px;left:6415.59px;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:10752px;left:7046.46px;white-space:nowrap">interval
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10752px;left:7612.05px;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:10752px;left:7798.76px;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:10752px;left:8074.28px;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:10752px;left:8589.63px;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:10752px;left:9146.58px;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:10752px;left:9600.02px;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:10752px;left:9940.98px;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:10752px;left:10275.85px;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:10944px;left:0px;letter-spacing:-1.84px;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:10944px;left:560.31px;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:10944px;left:752.79px;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:10944px;left:1404.78px;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:10944px;left:1597.26px;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:10944px;left:2323.33px;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:10944px;left:2906.84px;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:10944px;left:3093.56px;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:10944px;left:3410.84px;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:10944px;left:3757.55px;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:10944px;left:3950.03px;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:10944px;left:4574.82px;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:10944px;left:5034.17px;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:10944px;left:5461.05px;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:10944px;left:5736.57px;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:10944px;left:6249.04px;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:10944px;left:6794.16px;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:10944px;left:7078.79px;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:10944px;left:7206.31px;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:10944px;left:7751.1px;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:10944px;left:8129.98px;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:10944px;left:8488.53px;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:10944px;left:8764.05px;text-rendering:optimizeLegibility;white-space:nowrap">final
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10944px;left:9104.85px;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:10944px;left:9732.51px;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:10944px;left:9924.99px;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:10944px;left:10229.78px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11136px;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:11136px;left:367.36px;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:11136px;left:554.07px;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:11136px;left:829.59px;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:11136px;left:1632.46px;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:11136px;left:2056.3px;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:11136px;left:2826.53px;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:11136px;left:2998.36px;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:11136px;left:3273.88px;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:11136px;left:3679.31px;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:11136px;left:3954.83px;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:11136px;left:4363.95px;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:11136px;left:4559.63px;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:11136px;left:4835.15px;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:11136px;left:5341.7px;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:11136px;left:5528.42px;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:11136px;left:5803.93px;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:11136px;left:6390.48px;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:11136px;left:6713.2px;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:11136px;left:7302.63px;letter-spacing:-0.41px;white-space:nowrap">relies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11136px;left:7720.22px;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:11136px;left:8135.26px;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:11136px;left:8410.78px;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:11136px;left:8857.81px;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:11136px;left:9044.53px;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:11136px;left:9320.04px;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:11136px;left:10140.84px;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:11328px;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:11328px;left:275.52px;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:11328px;left:903.83px;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:11328px;left:1652.78px;letter-spacing:0.26px;white-space:nowrap">furnishing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:2399.17px;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:11328px;left:2674.68px;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:11328px;left:3187.15px;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:11328px;left:3382.83px;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:11328px;left:3708.59px;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:11328px;left:3904.27px;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:11328px;left:4179.78px;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:11328px;left:4629.86px;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:11328px;left:5263.61px;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:11328px;left:5450.32px;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:11328px;left:5773.04px;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:11328px;left:6566.46px;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:11328px;left:6788.86px;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:11328px;left:7306.93px;white-space:nowrap">assurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:8050.93px;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:11328px;left:8237.64px;letter-spacing:-1.34px;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:11328px;left:8880.19px;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:11328px;left:9155.71px;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:11328px;left:9602.74px;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:11328px;left:9789.46px;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:11328px;left:10064.98px;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:11520px;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:11520px;left:589.59px;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:11520px;left:829.43px;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:11520px;left:956.95px;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:11520px;left:1759.49px;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:11520px;left:1946.21px;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:11520px;left:2221.73px;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:11520px;left:2953.56px;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:11520px;left:3542.99px;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:11520px;left:4313.22px;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:11520px;left:4485.06px;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:11520px;left:4760.57px;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:11520px;left:5121.53px;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:11520px;left:5435.76px;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:11520px;left:5711.28px;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:11520px;left:6546.63px;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:11520px;left:6733.34px;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:11520px;left:7008.86px;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:11520px;left:7717.18px;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:11520px;left:7909.65px;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:11520px;left:8212.05px;letter-spacing:-0.72px;white-space:nowrap">off
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11520px;left:8443.24px;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:11520px;left:8718.76px;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:11520px;left:9305.31px;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:11520px;left:9628.03px;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:11520px;left:10247.22px;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:11712px;left:0px;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:11712px;left:429.11px;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:11712px;left:751.83px;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:11712px;left:1018.54px;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:11712px;left:1771.18px;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:11712px;left:1963.65px;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:11712px;left:2360.77px;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:11712px;left:2739.96px;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:11712px;left:3530.35px;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:11712px;left:4116.9px;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:11712px;left:4439.61px;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:11712px;left:5147.44px;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:11712px;left:5461.68px;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:11712px;left:6009.83px;text-rendering:optimizeLegibility;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:11712px;left:6581.5px;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:11712px;left:7280.7px;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:11712px;left:7843.73px;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:11712px;left:8646.28px;white-space:nowrap">triggers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11712px;left:9241.15px;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:11712px;left:9433.62px;letter-spacing:-0.36px;white-space:nowrap">protect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11712px;left:9993.29px;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:11904px;left:0px;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:11904px;left:607.19px;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:11904px;left:779.03px;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:11904px;left:1054.55px;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:11904px;left:1641.1px;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:11904px;left:1963.81px;letter-spacing:-1.64px;white-space:nowrap">security.</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: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">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;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:0px;left:1064.31px;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:0px;left:1523.51px;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:0px;left:1695.35px;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:0px;left:2427.18px;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:0px;left:3135.01px;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:0px;left:3629.88px;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:3849.24px;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:0px;left:4385.55px;white-space:nowrap">taxing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4868.43px;white-space:nowrap">districts.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5504.73px;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:0px;left:6061.85px;white-space:nowrap">taxing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6544.72px;white-space:nowrap">districts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7136.55px;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:0px;left:7403.27px;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:0px;left:8155.9px;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:0px;left:8348.37px;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:0px;left:8701.01px;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:0px;left:9015.25px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9572.69px;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:192px;left:0px;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:192px;left:1063.83px;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:1256.3px;white-space:nowrap">induce
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1780.94px;letter-spacing:-0.22px;white-space:nowrap">residential,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2604.29px;letter-spacing:-0.26px;white-space:nowrap">commercial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3469.56px;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:192px;left:3783.8px;white-space:nowrap">industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4476.58px;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:192px;left:5021.54px;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:192px;left:5335.77px;letter-spacing:-0.19px;white-space:nowrap">redevelopment.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6515.12px;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:192px;left:6829.36px;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:7253.2px;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:192px;left:7946.79px;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:192px;left:8619.42px;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:192px;left:8987.1px;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:192px;left:9182.78px;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:192px;left:9440.53px;letter-spacing:-0.29px;white-space:nowrap">increment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">finance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:601.92px;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:384px;left:859.67px;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:384px;left:1760.63px;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:384px;left:2296.94px;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:384px;left:2901.41px;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:384px;left:3425.08px;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:384px;left:3739.32px;white-space:nowrap">Mello-Roos
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:4592.9px;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:384px;left:5129.38px;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:5396.1px;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:384px;left:6095.29px;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:384px;left:6705.84px;white-space:nowrap">solely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7156.24px;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:7529.51px;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:384px;left:7944.38px;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:384px;left:8136.86px;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:384px;left:8560.37px;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:384px;left:9245.17px;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:384px;left:10118.44px;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:384px;left:10310.91px;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:576px;left:0px;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:576px;left:577.91px;letter-spacing:-0.32px;white-space:nowrap">projects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1191.02px;text-rendering:optimizeLegibility;white-space:nowrap">financed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1846.22px;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:2065.58px;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:576px;left:2341.09px;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:576px;left:2833.09px;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:576px;left:3410.52px;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:576px;left:4065.39px;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:576px;left:4257.87px;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:576px;left:4533.38px;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:576px;left:4983.46px;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:5175.93px;white-space:nowrap">taxing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:5658.81px;white-space:nowrap">power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:6153.52px;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:576px;left:6340.23px;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:576px;left:6885.19px;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:576px;left:7077.66px;white-space:nowrap">overlapping
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:7978.29px;white-space:nowrap">municipalities.
</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">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;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:912px;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:912px;left:1064.31px;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:912px;left:1523.51px;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:912px;left:1695.35px;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:912px;left:2042.06px;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:912px;left:2629.1px;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:912px;left:3165.57px;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:912px;left:3319.81px;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:912px;left:3666.53px;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:912px;left:4253.56px;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:4677.4px;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:912px;left:4828.43px;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:912px;left:4955.95px;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:5379.79px;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:912px;left:5702.5px;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:912px;left:6327.45px;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:912px;left:6721.69px;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:912px;left:7003.12px;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:912px;left:7305.52px;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:912px;left:7879.91px;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:8119.75px;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:912px;left:8395.26px;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:912px;left:8848.38px;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:912px;left:9105.97px;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:912px;left:9292.69px;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:9568.21px;white-space:nowrap">obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:10338.27px;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:1104px;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:1104px;left:239.83px;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:1104px;left:456.31px;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:1104px;left:879.5px;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:1104px;left:1394.86px;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:1104px;left:1764.93px;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:1104px;left:2040.45px;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:1104px;left:2686.68px;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:1104px;left:2873.4px;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:1104px;left:3148.92px;white-space:nowrap">obligation.</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">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;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:1440px;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:1440px;left:1064.31px;white-space:nowrap">buy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:1372.63px;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:1440px;left:1686.87px;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:1440px;left:1965.27px;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:1440px;left:2673.1px;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:1440px;left:2901.41px;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:1440px;left:3028.93px;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:1440px;left:3959.48px;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:1440px;left:4151.96px;white-space:nowrap">delayed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:4768.44px;white-space:nowrap">delivery
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:5372.75px;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:1440px;left:5817.22px;white-space:nowrap">making
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:6383.3px;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:1440px;left:7053.05px;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:1440px;left:7245.52px;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:1440px;left:7728.4px;white-space:nowrap">delivery
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:8332.71px;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:1440px;left:8513.35px;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:1440px;left:8640.87px;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:1440px;left:9001.98px;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:1440px;left:9413.82px;letter-spacing:0.32px;white-space:nowrap">normally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:10071.4px;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:1632px;left:0px;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:1632px;left:222.4px;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:1632px;left:414.88px;white-space:nowrap">45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:637.28px;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:1632px;left:1007.83px;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:1632px;left:1194.55px;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:1632px;left:1470.07px;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:1632px;left:1890.54px;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:1968px;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:1968px;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:1968px;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:1968px;left:1064.31px;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:1968px;left:1523.19px;letter-spacing:-0.26px;white-space:nowrap">structured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1968px;left:2287.18px;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:1968px;left:2725.73px;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:1968px;left:3039.97px;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:1968px;left:3540.28px;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:1968px;left:4410.99px;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:1968px;left:4650.82px;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:1968px;left:5477.37px;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:1968px;left:6179.6px;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:1968px;left:6493.84px;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:1968px;left:6822.8px;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:1968px;left:7062.63px;white-space:nowrap">hedging
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1968px;left:7705.66px;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:1968px;left:8452.38px;letter-spacing:-0.26px;white-space:nowrap">Structured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1968px;left:9237.17px;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:1968px;left:9675.72px;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:1968px;left:9942.44px;white-space:nowrap">privately
</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">negotiated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:829.43px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:1211.5px;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:2160px;left:2049.73px;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:2160px;left:2526.85px;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:2160px;left:2802.36px;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:2160px;left:3459.79px;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:2160px;left:3981.23px;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:2160px;left:4555.62px;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:2160px;left:4706.66px;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:2160px;left:5586.32px;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:5805.68px;letter-spacing:-0.58px;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:2160px;left:6519.92px;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:2160px;left:6712.39px;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:2160px;left:6987.91px;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:2160px;left:7944.86px;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:2160px;left:8131.57px;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:2160px;left:8259.09px;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:2160px;left:9094.92px;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:2160px;left:9545.32px;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:2160px;left:10081.47px;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:2352px;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:2352px;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:2352px;left:897.11px;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:1155.19px;white-space:nowrap">&#8220;embedded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:2076.94px;white-space:nowrap">index&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:2681.73px;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:2352px;left:3049.41px;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:2352px;left:3245.09px;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:2352px;left:3891px;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:2352px;left:4643.31px;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:4859.79px;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:2352px;left:5295.47px;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:2352px;left:5482.19px;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:2352px;left:6190.01px;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:2352px;left:6382.49px;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:2352px;left:7070px;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:2352px;left:7644.39px;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:2352px;left:8079.75px;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:2352px;left:8272.22px;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:2352px;left:8547.74px;letter-spacing:-0.44px;white-space:nowrap">differential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:9350.29px;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:2352px;left:10307.24px;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:2544px;left:0px;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:2544px;left:307.99px;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:2544px;left:782.07px;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:2544px;left:974.54px;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:2880px;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:2880px;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:2880px;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:2880px;left:1064.31px;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:2880px;left:1523.51px;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:2880px;left:1695.35px;white-space:nowrap">illiquid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2880px;left:2216.3px;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:2880px;left:2924.13px;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:2880px;left:3271px;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:2880px;left:3978.83px;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:2880px;left:4301.55px;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:2880px;left:4568.27px;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:2880px;left:4849.7px;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:2880px;left:5368.1px;white-space:nowrap">marketable),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2880px;left:6298.48px;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:2880px;left:7042.16px;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:2880px;left:7326.47px;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:2880px;left:7607.91px;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:2880px;left:8143.74px;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:2880px;left:8380.69px;letter-spacing:-0.26px;white-space:nowrap">restricted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2880px;left:9094.12px;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:2880px;left:9801.95px;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:3072px;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:3072px;left:275.52px;white-space:nowrap">disposition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:1098.86px;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:3072px;left:1285.58px;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:3072px;left:1739.01px;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:3072px;left:1890.05px;letter-spacing:-0.26px;white-space:nowrap">restricted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:2603.48px;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:3072px;left:3065.72px;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:3072px;left:3341.23px;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:3072px;left:3883.31px;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:3072px;left:4591.14px;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:3072px;left:5026.81px;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:3072px;left:5734.64px;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:3072px;left:6057.35px;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:3072px;left:6398.31px;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:3072px;left:6629.51px;letter-spacing:-0.41px;white-space:nowrap">resold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:7112.38px;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:3072px;left:7456.22px;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:3072px;left:8122.77px;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:3072px;left:8315.25px;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:3072px;left:8670.92px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:9092.04px;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:3072px;left:9554.28px;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:3072px;left:9829.79px;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:3264px;left:0px;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:3264px;left:284.48px;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:3264px;left:471.19px;white-space:nowrap">1933,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3264px;left:915.99px;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:3264px;left:1111.67px;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:3264px;left:1837.91px;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:3264px;left:2155.02px;white-space:nowrap">&#8220;1933
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3264px;left:2638.38px;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:3264px;left:3091.98px;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:3264px;left:3406.21px;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:3264px;left:4233.09px;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:3264px;left:5122.04px;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:3264px;left:5462.51px;white-space:nowrap">maturities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3264px;left:6208.58px;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:3264px;left:6380.42px;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:3264px;left:6893.38px;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:3264px;left:7080.09px;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:3264px;left:7536.73px;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:3600px;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:3600px;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:3600px;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:3600px;left:1064.31px;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:3600px;left:1481.91px;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:3600px;left:1801.74px;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:3600px;left:2328.94px;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:3600px;left:3069.4px;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:3600px;left:3940.11px;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:3600px;left:4111.95px;white-space:nowrap">pursuit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:4644.9px;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:3600px;left:4831.62px;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:3600px;left:5035.77px;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:3600px;left:5862.32px;white-space:nowrap">objectives,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:6674.15px;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:3600px;left:7373.34px;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:3600px;left:7565.82px;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:3600px;left:7933.5px;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:3600px;left:8125.97px;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:3600px;left:8775.41px;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:3600px;left:9290.61px;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:3600px;left:9483.08px;white-space:nowrap">hedge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:9989.96px;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:3792px;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:3792px;left:349.43px;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:3792px;left:536.15px;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:3792px;left:740.31px;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:3792px;left:1635.01px;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:3792px;left:1806.85px;text-rendering:optimizeLegibility;white-space:nowrap">fixed-income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:2779px;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:3792px;left:3486.83px;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:3792px;left:3679.31px;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:3792px;left:3874.99px;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:3792px;left:4002.5px;white-space:nowrap">substitute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:4745.69px;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:3792px;left:4985.53px;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:3792px;left:5113.05px;white-space:nowrap">position
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:5732.08px;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:3792px;left:5903.91px;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:3792px;left:6179.43px;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:3792px;left:6982.3px;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:3792px;left:7432.7px;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:3792px;left:7821.18px;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:3792px;left:8691.88px;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:3792px;left:9254.92px;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:3792px;left:9883.23px;letter-spacing:-0.36px;white-space:nowrap">futures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:0px;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:3984px;left:737.59px;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:3984px;left:1146.54px;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:3984px;left:1839.65px;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:3984px;left:2580.44px;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:3984px;left:3154.83px;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:3984px;left:3477.55px;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:3984px;left:3999.14px;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:3984px;left:4449.22px;white-space:nowrap">default
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:4991.29px;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:3984px;left:5468.4px;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:3984px;left:5782.64px;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:3984px;left:6514.47px;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:3984px;left:7050.63px;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:3984px;left:7412.06px;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:3984px;left:7734.78px;white-space:nowrap">locks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:8134.93px;white-space:nowrap">(&#8220;MMD
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:8707.41px;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:3984px;left:9071.88px;white-space:nowrap">Locks&#8221;)),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:9724.36px;white-space:nowrap">options
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:10304.99px;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:4176px;left:0px;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:4176px;left:628.31px;letter-spacing:-0.32px;white-space:nowrap">futures,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:1203.03px;white-space:nowrap">options
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:1783.66px;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:4176px;left:2011.98px;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:4176px;left:2420.93px;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:4176px;left:3114.04px;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:4176px;left:3306.51px;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:4176px;left:3730.03px;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:4176px;left:4470.5px;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:4512px;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:4512px;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:4512px;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:4512px;left:1064.31px;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:4512px;left:1751.99px;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:4512px;left:2066.23px;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:4512px;left:2344.62px;white-space:nowrap">MMD
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:2792.46px;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:4512px;left:3156.94px;white-space:nowrap">Locks.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:3643.17px;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:4512px;left:3886.37px;white-space:nowrap">MMD
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:4334.21px;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:4512px;left:4698.69px;white-space:nowrap">Lock
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:5072.28px;letter-spacing:0.36px;white-space:nowrap">permits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:5655.47px;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:4512px;left:5930.99px;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:4512px;left:6340.11px;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:4512px;left:6532.58px;white-space:nowrap">lock
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:6864.58px;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:4512px;left:7036.42px;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:4512px;left:7163.94px;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:4512px;left:7851.45px;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:4512px;left:8583.28px;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:4512px;left:9157.67px;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:4512px;left:9480.39px;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:4512px;left:9720.22px;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:4512px;left:9847.74px;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:4512px;left:10413.33px;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:4704px;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:4704px;left:204.16px;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:4704px;left:861.42px;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:4704px;left:1053.89px;letter-spacing:-0.32px;white-space:nowrap">preserve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:1711.65px;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:4704px;left:1839.17px;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:4704px;left:2309.88px;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:4704px;left:2538.2px;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:4704px;left:2665.72px;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:4704px;left:3376.26px;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:4704px;left:4202.81px;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:4395.29px;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:4704px;left:4522.81px;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:4704px;left:5088.4px;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:4704px;left:5275.11px;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:4704px;left:5479.27px;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:4704px;left:6136.53px;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:4704px;left:6332.21px;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:4704px;left:6459.73px;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:4704px;left:7102.44px;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:8092.35px;white-space:nowrap">technique
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:8848.03px;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:4704px;left:9040.5px;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:4704px;left:9232.98px;letter-spacing:-0.36px;white-space:nowrap">protect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:9792.65px;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:4704px;left:10349.6px;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:4896px;left:0px;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:4896px;left:628.32px;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:4896px;left:800.15px;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:1075.67px;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:4896px;left:1475.51px;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:4896px;left:1662.22px;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:4896px;left:2370.05px;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:4896px;left:2562.53px;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:4896px;left:2793.73px;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:4896px;left:3579.16px;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:4896px;left:3759.8px;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:4896px;left:3887.32px;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:4896px;left:4248.43px;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:4896px;left:4660.27px;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:4896px;left:4882.66px;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:4896px;left:5309.38px;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:4896px;left:5525.86px;white-space:nowrap">MMD
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:5973.7px;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:4896px;left:6338.17px;white-space:nowrap">Lock,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:6756.25px;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:4896px;left:7031.77px;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:4896px;left:7440.89px;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:4896px;left:7734.48px;letter-spacing:-0.41px;white-space:nowrap">create
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:8220.4px;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:4896px;left:8347.92px;white-space:nowrap">synthetic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:9026.31px;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:4896px;left:9390.79px;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:4896px;left:9583.26px;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:4896px;left:9985.97px;white-space:nowrap">position,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:0px;white-space:nowrap">allowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:639.83px;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:5088px;left:915.35px;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:5088px;left:1324.47px;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:5088px;left:1516.94px;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:5088px;left:1976.14px;white-space:nowrap">what
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:2361.25px;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:5088px;left:2636.77px;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:5088px;left:3312.44px;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:5088px;left:3943.64px;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:5088px;left:4094.67px;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:5088px;left:4311.15px;white-space:nowrap">attractive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:5015.78px;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:5088px;left:5347.29px;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:5088px;left:5534.01px;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:5088px;left:5809.53px;white-space:nowrap">yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:6194.64px;white-space:nowrap">curve.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:6668.88px;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:5088px;left:6983.12px;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:5088px;left:7392.23px;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:5088px;left:7667.43px;letter-spacing:-0.26px;white-space:nowrap">ordinarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:8372.21px;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:5088px;left:8662.77px;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:5088px;left:9095.41px;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:5088px;left:9989.96px;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:5088px;left:10185.63px;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:5280px;left:0px;white-space:nowrap">hedge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5280px;left:506.88px;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:5280px;left:699.35px;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:5280px;left:939.19px;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:5280px;left:1581.9px;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:5280px;left:1774.37px;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:5280px;left:2055.65px;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:5280px;left:3045.56px;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:5280px;left:3724.11px;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:5280px;left:3860.11px;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:5280px;left:4011.15px;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:5280px;left:4766.01px;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:5280px;left:4958.49px;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:5280px;left:5376.08px;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:5280px;left:5695.92px;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:5280px;left:6107.75px;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:5280px;left:6300.23px;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:5280px;left:6949.67px;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:5280px;left:7518.78px;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:5280px;left:7711.25px;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:5280px;left:8063.89px;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:5280px;left:8256.37px;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:5280px;left:8448.84px;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:5280px;left:9077.16px;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:5280px;left:9352.68px;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:5280px;left:9853.79px;white-space:nowrap">yield,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5280px;left:10283.39px;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:5472px;left:0px;white-space:nowrap">example,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:699.51px;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:5472px;left:1208.95px;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:5472px;left:1792.46px;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:5472px;left:1979.17px;white-space:nowrap">steep
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:2420.61px;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:5472px;left:2995px;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:5472px;left:3317.72px;white-space:nowrap">yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:3702.83px;white-space:nowrap">curves
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:4200.75px;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:5472px;left:4547.62px;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:5472px;left:4932.74px;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:5472px;left:5756.57px;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:5472px;left:6423.29px;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:5472px;left:6826px;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:5472px;left:7204.87px;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:5472px;left:7519.11px;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:5472px;left:7883.58px;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:5472px;left:8262.46px;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:5472px;left:8836.85px;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:5808px;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:5808px;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:5808px;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:5808px;left:1064.31px;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:5808px;left:1393.27px;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:5808px;left:1852.46px;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:5808px;left:2024.3px;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:5808px;left:2732.13px;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:5808px;left:2918.85px;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:3342.36px;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:5808px;left:3810.68px;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:5808px;left:4003.15px;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:5808px;left:4841.86px;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:5808px;left:5668.41px;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:5808px;left:6486.48px;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:5808px;left:7227.28px;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:5808px;left:7657.19px;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:5808px;left:7979.9px;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:5808px;left:8439.1px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:9099.25px;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:5808px;left:9271.08px;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:6000px;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:6000px;left:707.83px;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:894.55px;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:6000px;left:1170.06px;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:6000px;left:1599.66px;white-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:1771.5px;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:6000px;left:2224.93px;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:6000px;left:2500.45px;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:6000px;left:2909.57px;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:6000px;left:3250.52px;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:6000px;left:3709.72px;letter-spacing:-1.76px;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:6000px;left:4305.07px;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:6000px;left:4497.55px;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:6000px;left:4773.06px;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:6000px;left:5267.78px;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:6000px;left:6022.64px;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:6000px;left:6242px;white-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:6517.52px;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:7347.91px;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:6000px;left:8083.1px;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:6000px;left:8367.58px;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:6000px;left:8554.29px;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:6000px;left:8999.09px;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:6000px;left:9194.77px;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:6000px;left:9921.01px;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:6192px;left:0px;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:6192px;left:483.36px;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:6192px;left:936.95px;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:6192px;left:1212.47px;white-space:nowrap">rules
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:1594.55px;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:6192px;left:1908.78px;letter-spacing:-0.24px;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:6192px;left:2744.13px;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:6192px;left:3239.01px;letter-spacing:-0.26px;white-space:nowrap">thereunder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:4071.48px;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:6192px;left:4385.72px;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:6192px;left:5170.83px;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:6192px;left:5962.02px;letter-spacing:-0.41px;white-space:nowrap">orders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:6459.61px;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:6192px;left:6954.49px;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:6192px;left:7173.85px;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:6192px;left:7449.37px;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:6192px;left:8178px;white-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:8492.23px;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:6192px;left:9233.51px;white-space:nowrap">Commission
</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">(&#8220;SEC&#8221;).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:6710.4px;left:0px;white-space:nowrap">Use
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:6710.4px;left:311.36px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:6710.4px;left:498.07px;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:7056px;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:7056px;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:7056px;left:723.36px;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:7056px;left:1082.08px;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:7056px;left:1742.87px;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:7056px;left:1935.34px;white-space:nowrap">pursue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:2465.74px;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:7056px;left:2669.9px;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:7056px;left:3496.45px;white-space:nowrap">objectives.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:4308.27px;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:7056px;left:4622.51px;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:7056px;left:5031.63px;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:7056px;left:5372.59px;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:7056px;left:5663.15px;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:7056px;left:6323.94px;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:7056px;left:6516.42px;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:7056px;left:6791.93px;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:7056px;left:7286.65px;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:7056px;left:8041.51px;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:7056px;left:8260.87px;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:7056px;left:8536.39px;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:7056px;left:8936.71px;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:7056px;left:9265.66px;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:7056px;left:9579.9px;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:7056px;left:9989.02px;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:7248px;left:0px;letter-spacing:-0.41px;white-space:nowrap">source
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:512.8px;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:7248px;left:1173.59px;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:7248px;left:1780.94px;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:7248px;left:1908.46px;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:7248px;left:2507.02px;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:7248px;left:2693.73px;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:7248px;left:3366.36px;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:7248px;left:4065.56px;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:7248px;left:4341.07px;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:7248px;left:4987.31px;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:7248px;left:5174.03px;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:7248px;left:5881.86px;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:7248px;left:6373.85px;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:6560.57px;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:7248px;left:7292.56px;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:7248px;left:7866.96px;letter-spacing:-0.48px;white-space:nowrap">(&#8220;Preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:8693.51px;letter-spacing:-0.32px;white-space:nowrap">Shares&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:9330.94px;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:7248px;left:9645.18px;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:7440px;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:7440px;left:171.84px;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:7440px;left:719.99px;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:7440px;left:1306.54px;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:7440px;left:1629.26px;white-space:nowrap">securities.&#160;The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:2695.81px;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:7440px;left:3104.92px;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:7440px;left:3445.88px;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:7440px;left:3996.75px;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:7440px;left:4527.47px;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:5268.26px;letter-spacing:-0.36px;white-space:nowrap">reverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:5828.25px;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:7440px;left:6655.13px;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:7440px;left:7585.68px;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:7440px;left:7958.95px;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:7440px;left:8418.47px;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:7440px;left:8658.3px;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:7440px;left:9440.21px;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:7440px;left:9632.69px;letter-spacing:-0.29px;white-space:nowrap">emergency
</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">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:746.71px;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:7632px;left:939.19px;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:7632px;left:1131.66px;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:7632px;left:1958.54px;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:7632px;left:2162.69px;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:7632px;left:2699.17px;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:7632px;left:2874.85px;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:7632px;left:3556.12px;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:7632px;left:3831.64px;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:7632px;left:4240.75px;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:7632px;left:4581.71px;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:7632px;left:4910.67px;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:7632px;left:5201.23px;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:7632px;left:5728.42px;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:7632px;left:6537.05px;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:7632px;left:6859.76px;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:7632px;left:7242.32px;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:7632px;left:7517.84px;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:7632px;left:8258.95px;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:7632px;left:8703.42px;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:7632px;left:8890.14px;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:7632px;left:9550.93px;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:7632px;left:9770.29px;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:7824px;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:7824px;left:758.23px;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:7824px;left:1584.78px;letter-spacing:-0.29px;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:7824px;left:2328.77px;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:7824px;left:2643.01px;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:7824px;left:3232.76px;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:7824px;left:3547px;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:7824px;left:4127.96px;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:7824px;left:4314.67px;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:7824px;left:4975.47px;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:7824px;left:5250.66px;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:7824px;left:5585.53px;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:7824px;left:6415.29px;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:7824px;left:6643.61px;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:7824px;left:7179.76px;white-space:nowrap">conditions.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:8150.4px;left:0px;letter-spacing:-1.78px;white-space:nowrap">Temporary
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:8150.4px;left:802.87px;white-space:nowrap">Defensive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:8150.4px;left:1552.78px;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:8496px;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:8496px;left:530.23px;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:8496px;left:1312.14px;white-space:nowrap">defensive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8496px;left:2041.25px;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:8496px;left:2624.77px;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:8496px;left:3031px;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:8496px;left:3460.44px;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:8496px;left:3931.79px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8496px;left:4103.63px;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:8496px;left:4379.15px;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:8496px;left:4880.27px;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:8496px;left:5706.82px;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:8496px;left:6349.85px;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:8496px;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:8496px;left:7146.8px;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:8496px;left:7647.92px;letter-spacing:-0.77px;white-space:nowrap">sub-adviser&#8217;s&#160;opinion,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8496px;left:9230.3px;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:8688px;left:0px;white-space:nowrap">imbalances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8688px;left:844.63px;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:8688px;left:1031.35px;white-space:nowrap">supply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8688px;left:1543.98px;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:8688px;left:1858.22px;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:8688px;left:2495.5px;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:8688px;left:2687.97px;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:8688px;left:3111.48px;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:8688px;left:3893.39px;white-space:nowrap">dislocations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8688px;left:4779.14px;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:8688px;left:4950.97px;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:8688px;left:5226.49px;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:8688px;left:6079.76px;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:8688px;left:6503.6px;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:8688px;left:7039.75px;white-space:nowrap">adversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8688px;left:7756.86px;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:8688px;left:8195.42px;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:8688px;left:8470.93px;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:8688px;left:8870.77px;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:8688px;left:9051.4px;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:8688px;left:9504.84px;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:8880px;left:0px;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:8880px;left:838.23px;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:8880px;left:1104.94px;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:8880px;left:1863.65px;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:8880px;left:2139.17px;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:8880px;left:2548.29px;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:8880px;left:2889.25px;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:8880px;left:3348.44px;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:8880px;left:3579.64px;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:8880px;left:3772.12px;white-space:nowrap">100%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8880px;left:4216.76px;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:8880px;left:4403.47px;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:8880px;left:4607.63px;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:8880px;left:4883.14px;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:8880px;left:5357.22px;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:8880px;left:5529.06px;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:8880px;left:5890.82px;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:8880px;left:6083.29px;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:8880px;left:6445.05px;white-space:nowrap">equivalents,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8880px;left:7345.84px;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:8880px;left:8136.22px;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:8880px;left:9030.93px;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:8880px;left:9223.41px;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:8880px;left:9955.24px;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:9072px;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:9072px;left:314.24px;white-space:nowrap">deviate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9072px;left:886.07px;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:9072px;left:1259.35px;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:9072px;left:1463.5px;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:9072px;left:2290.05px;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:9072px;left:2876.6px;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:9072px;left:3575.79px;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:9072px;left:3851.31px;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:9072px;left:4352.43px;white-space:nowrap">80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9072px;left:4708.11px;white-space:nowrap">names
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9072px;left:5218.02px;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:9072px;left:5531.94px;letter-spacing:-1.84px;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:9072px;left:6029.85px;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:9072px;left:6430.01px;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:9072px;left:6939.44px;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:9072px;left:7372.08px;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:9072px;left:8000.07px;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:9072px;left:8275.59px;white-space:nowrap">weighted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9072px;left:8989.5px;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:9072px;left:9605.97px;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:9072px;left:10233.64px;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:9264px;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:9264px;left:275.52px;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:9264px;left:776.64px;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:9264px;left:1603.19px;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:9264px;left:2260.45px;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:9264px;left:2601.41px;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:9264px;left:2853.08px;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:9264px;left:3333.07px;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:9264px;left:3608.59px;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:9264px;left:4257.54px;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:9264px;left:4885.21px;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:9264px;left:5341.53px;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:9264px;left:5528.24px;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:9264px;left:5708.88px;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:9264px;left:6085.04px;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:9264px;left:6307.44px;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:9264px;left:6499.91px;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:9264px;left:6722.31px;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:9264px;left:7137.19px;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:9264px;left:7451.43px;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:9264px;left:7726.94px;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:9264px;left:8136.06px;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:9264px;left:8477.02px;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:9264px;left:8758.45px;white-space:nowrap">achieve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9264px;left:9345.49px;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:9264px;left:9549.65px;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:9456px;left:0px;white-space:nowrap">objectives.</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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Shareholder
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1871.68px;white-space:nowrap">Update
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:2984.16px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4235.41px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12404 characters]);background-repeat:no-repeat;background-size:cover;height:636.37px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.328px) 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,2.51px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:318.96px;left:2367.24px;white-space:nowrap">NUVEEN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:318.96px;left:3108.19px;white-space:nowrap">NEW
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:318.96px;left:3546.75px;white-space:nowrap">YORK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:318.96px;left:4050.1px;letter-spacing:-2.29px;white-space:nowrap">AMT-FREE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:318.96px;left:4885.77px;white-space:nowrap">QUALITY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:318.96px;left:5635.36px;letter-spacing:-1.47px;white-space:nowrap">MUNICIPAL
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:318.96px;left:6577.58px;white-space:nowrap">INCOME
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:318.96px;left:7297.25px;white-space:nowrap">FUND
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:318.96px;left:7809.88px;white-space:nowrap">(NRK)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:669.76px;left:0px;white-space:nowrap">Investment
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:669.76px;left:876.95px;white-space:nowrap">Objectives</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1007.04px;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:1007.04px;left:314.24px;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:1007.04px;left:815.36px;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:1007.04px;left:1641.91px;white-space:nowrap">objectives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1007.04px;left:2409.26px;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:1007.04px;left:2675.97px;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:1007.04px;left:2868.45px;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:1007.04px;left:3458.04px;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:1007.04px;left:4003px;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:1007.04px;left:4572.11px;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:1007.04px;left:5158.82px;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:1007.04px;left:5532.1px;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:1007.04px;left:6077.05px;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:1007.04px;left:6663.6px;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:1007.04px;left:7037.04px;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:1007.04px;left:7383.75px;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:1007.04px;left:7795.43px;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:1007.04px;left:8109.67px;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:1007.04px;left:8483.11px;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:1007.04px;left:8829.82px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1007.04px;left:9155.57px;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:1007.04px;left:9724.69px;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:1007.04px;left:10139.56px;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:1199.04px;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:1199.04px;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:1199.04px;left:648.79px;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:1199.04px;left:1190.86px;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:1199.04px;left:1984.45px;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:1199.04px;left:2692.6px;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:1199.04px;left:2950.36px;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:1199.04px;left:3735.47px;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:1199.04px;left:3927.94px;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:1199.04px;left:4727.77px;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:1199.04px;left:5042.01px;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:1199.04px;left:5234.49px;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:1199.04px;left:5883.93px;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:1199.04px;left:6541.19px;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:1199.04px;left:6962.15px;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:1199.04px;left:7524.86px;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:1199.04px;left:7717.33px;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:1199.04px;left:7992.85px;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:1199.04px;left:8724.68px;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:1199.04px;left:9148.52px;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:1199.04px;left:9684.67px;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:1199.04px;left:9904.03px;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:1391.04px;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:1391.04px;left:171.84px;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:1391.04px;left:1025.11px;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:1391.04px;left:1756.94px;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:1391.04px;left:2248.93px;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:1391.04px;left:2571.65px;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:1391.04px;left:2847.17px;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:1391.04px;left:3348.28px;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:1391.04px;left:4174.83px;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:1391.04px;left:4725.87px;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:1391.04px;left:5357.06px;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:1391.04px;left:5623.78px;white-space:nowrap">underrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1391.04px;left:6462.01px;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:1391.04px;left:6654.48px;white-space:nowrap">undervalued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1391.04px;left:7590.96px;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:1391.04px;left:7783.43px;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:1391.04px;left:8106.15px;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:1391.04px;left:8825.98px;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:1391.04px;left:9557.81px;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:1391.04px;left:10093.96px;white-space:nowrap">sectors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1583.04px;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:1583.04px;left:322.71px;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:1583.04px;left:589.43px;white-space:nowrap">undervalued.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1917.76px;left:0px;white-space:nowrap">Investment
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1917.76px;left:876.95px;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:2255.04px;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:2255.04px;left:222.4px;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:2255.04px;left:349.92px;white-space:nowrap">fundamental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2255.04px;left:1289.27px;letter-spacing:-1.84px;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:2255.04px;left:1787.18px;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:2255.04px;left:2249.42px;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:2255.04px;left:2791.49px;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:2255.04px;left:3876.12px;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:2255.04px;left:4151.63px;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:2255.04px;left:4560.75px;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:2255.04px;left:4835.94px;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:2255.04px;left:5295.14px;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:2255.04px;left:5475.78px;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:2255.04px;left:5851.93px;white-space:nowrap">80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2255.04px;left:6207.61px;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:2255.04px;left:6394.33px;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:2255.04px;left:6598.48px;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:2255.04px;left:7099.27px;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:2255.04px;left:7336.55px;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:2255.04px;left:7929.35px;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:2255.04px;left:8450.94px;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:2255.04px;left:8622.78px;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:2255.04px;left:9354.61px;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:2255.04px;left:10062.44px;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:2447.04px;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:2447.04px;left:423.51px;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:2447.04px;left:968.47px;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:2447.04px;left:1863.18px;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:2447.04px;left:2138.69px;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:2447.04px;left:2707.81px;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:2447.04px;left:3081.08px;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:2447.04px;left:3534.52px;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:2447.04px;left:3685.55px;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:2447.04px;left:4272.27px;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:2447.04px;left:4645.54px;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:2447.04px;left:5190.5px;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:2447.04px;left:5732.57px;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:2447.04px;left:6046.81px;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:2447.04px;left:6420.24px;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:2447.04px;left:6766.96px;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:2447.04px;left:7178.63px;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:2447.04px;left:7492.87px;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:2447.04px;left:7866.31px;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:2447.04px;left:8213.02px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2447.04px;left:8538.78px;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:2447.04px;left:9107.89px;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:2447.04px;left:9522.77px;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:2447.04px;left:9837px;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:2447.04px;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:2639.04px;left:0px;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:2639.04px;left:542.07px;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:2639.04px;left:1335.66px;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:2639.04px;left:2043.81px;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:2639.04px;left:2301.57px;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:2639.04px;left:3086.68px;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:2639.04px;left:3279.15px;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:2975.04px;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:2975.04px;left:222.4px;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:2975.04px;left:349.92px;white-space:nowrap">non-fundamental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2975.04px;left:1615.34px;letter-spacing:-1.84px;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:2975.04px;left:2113.26px;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:2975.04px;left:2575.49px;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:2975.04px;left:3117.56px;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:2975.04px;left:4202.19px;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:2975.04px;left:4477.71px;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:2975.04px;left:4886.83px;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:2975.04px;left:5162.02px;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:2975.04px;left:5621.22px;white-space:nowrap">100%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2975.04px;left:6065.85px;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:2975.04px;left:6252.57px;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:2975.04px;left:6456.73px;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:2975.04px;left:7183.12px;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:2975.04px;left:7683.92px;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:2975.04px;left:7921.19px;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:2975.04px;left:8513.99px;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:2975.04px;left:9035.58px;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:2975.04px;left:9207.42px;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:2975.04px;left:9939.25px;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:3167.04px;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:3167.04px;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:3167.04px;left:737.75px;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:3167.04px;left:1282.71px;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:3167.04px;left:2177.41px;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:3167.04px;left:2452.93px;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:3167.04px;left:3022.05px;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:3167.04px;left:3395.32px;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:3167.04px;left:3848.75px;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:3167.04px;left:3999.79px;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:3167.04px;left:4586.51px;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:3167.04px;left:4959.78px;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:3167.04px;left:5235.3px;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:3167.04px;left:5777.37px;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:3167.04px;left:6570.96px;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:3167.04px;left:7279.11px;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:3167.04px;left:7536.87px;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:3167.04px;left:8321.98px;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:3167.04px;left:8514.45px;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:3167.04px;left:9314.28px;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:3167.04px;left:9494.92px;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:3167.04px;left:9770.43px;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:3167.04px;left:10131.71px;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:3359.04px;left:0px;letter-spacing:-0.29px;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:3695.04px;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:3695.04px;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:3695.04px;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:3695.04px;left:998.55px;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:3695.04px;left:1457.74px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3695.04px;left:2117.89px;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:3695.04px;left:2289.73px;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:3695.04px;left:3021.56px;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:3695.04px;left:3729.39px;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:3695.04px;left:4069.86px;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:3695.04px;left:4822.01px;white-space:nowrap">maturities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3695.04px;left:5568.08px;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:3695.04px;left:5739.91px;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:3695.04px;left:6169.35px;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:3695.04px;left:6361.82px;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:3695.04px;left:7016.54px;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:3695.04px;left:7233.02px;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:3695.04px;left:7849.49px;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:3695.04px;left:8498.44px;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:3695.04px;left:9126.11px;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:3695.04px;left:9312.83px;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:3695.04px;left:9535.23px;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:3695.04px;left:9727.7px;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:3695.04px;left:9950.1px;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:3887.04px;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:3887.04px;left:699.19px;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:3887.04px;left:974.71px;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:3887.04px;left:1487.34px;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:3887.04px;left:1674.06px;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:3887.04px;left:2379.33px;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:3887.04px;left:2663.65px;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:3887.04px;left:2939.17px;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:3887.04px;left:3555.64px;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:3887.04px;left:4204.59px;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:3887.04px;left:4832.26px;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:3887.04px;left:5018.98px;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:3887.04px;left:5857.2px;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:3887.04px;left:6215.76px;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:3887.04px;left:6435.12px;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:3887.04px;left:6710.64px;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:3887.04px;left:7119.76px;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:3887.04px;left:7460.71px;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:3887.04px;left:7691.91px;white-space:nowrap">lengthened
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3887.04px;left:8557.19px;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:3887.04px;left:8749.66px;white-space:nowrap">shortened
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3887.04px;left:9517.01px;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:3887.04px;left:9712.69px;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:3887.04px;left:9840.21px;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:4079.04px;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:4079.04px;left:186.72px;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:4079.04px;left:843.98px;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:4079.04px;left:1738.53px;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:4079.04px;left:2369.72px;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:4079.04px;left:2589.08px;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:4079.04px;left:2864.59px;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:4079.04px;left:3365.71px;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:4079.04px;left:4192.26px;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:4079.04px;left:4743.3px;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:4079.04px;left:5264.73px;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:4079.04px;left:5540.25px;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:4079.04px;left:6041.36px;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:4079.04px;left:6930.31px;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:4079.04px;left:7760.07px;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:4079.04px;left:7988.39px;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:4079.04px;left:8524.54px;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:4079.04px;left:9309.65px;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:4079.04px;left:9623.88px;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:4079.04px;left:9852.2px;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:4271.04px;left:0px;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:4271.04px;left:856.47px;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:4271.04px;left:1075.83px;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:4271.04px;left:1351.35px;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:4271.04px;left:2008.61px;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:4271.04px;left:2684.28px;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:4271.04px;left:2871px;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:4271.04px;left:3324.44px;white-space:nowrap">segments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4271.04px;left:4059.31px;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:4271.04px;left:4246.03px;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:4271.04px;left:4521.54px;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:4271.04px;left:5253.37px;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:4271.04px;left:5961.2px;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:4271.04px;left:6565.52px;letter-spacing:-0.48px;white-space:nowrap">offer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4271.04px;left:6938.79px;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:4271.04px;left:7214.31px;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:4271.04px;left:7611.26px;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:4271.04px;left:8319.41px;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:4271.04px;left:8882.12px;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:4271.04px;left:9708.67px;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:4463.04px;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:4463.04px;left:314.24px;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:4463.04px;left:1315.18px;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:4463.04px;left:1555.01px;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:4463.04px;left:2408.28px;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:4463.04px;left:2977.4px;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:4463.04px;left:3291.64px;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:4463.04px;left:3658.67px;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:4463.04px;left:4173.86px;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:4463.04px;left:4396.26px;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:4463.04px;left:4523.78px;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:4463.04px;left:5000.57px;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:4463.04px;left:5276.09px;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:4463.04px;left:5777.21px;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:4463.04px;left:6434.47px;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:4463.04px;left:6615.11px;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:4463.04px;left:6908.71px;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:4463.04px;left:7344.38px;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:4463.04px;left:7705.66px;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:4463.04px;left:8046.61px;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:4463.04px;left:8609.65px;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:4463.04px;left:8988.84px;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:4463.04px;left:9740.99px;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:4655.04px;left:0px;letter-spacing:0.32px;white-space:nowrap">intermediate-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4655.04px;left:1344.14px;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:4655.04px;left:2075.97px;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:4991.04px;left:0px;white-space:nowrap">&#8220;Assets&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4991.04px;left:666.87px;white-space:nowrap">mean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4991.04px;left:1108.63px;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:4991.04px;left:1384.15px;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:4991.04px;left:1659.67px;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:4991.04px;left:2133.74px;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:4991.04px;left:2320.46px;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:4991.04px;left:2595.97px;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:4991.04px;left:3005.09px;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:4991.04px;left:3342.85px;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:4991.04px;left:3618.37px;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:4991.04px;left:4208.12px;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:4991.04px;left:4394.84px;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:4991.04px;left:4688.44px;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:4991.04px;left:5532.58px;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:4991.04px;left:5772.41px;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:4991.04px;left:6598.96px;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:4991.04px;left:7345.68px;white-space:nowrap">&#8220;Managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4991.04px;left:8155.11px;white-space:nowrap">Assets&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4991.04px;left:8738.95px;white-space:nowrap">mean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4991.04px;left:9180.7px;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:4991.04px;left:9456.22px;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:4991.04px;left:9823.25px;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:5183.04px;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:5183.04px;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:5183.04px;left:462.23px;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:5183.04px;left:915.83px;white-space:nowrap">minus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5183.04px;left:1381.11px;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:5183.04px;left:1656.63px;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:5183.04px;left:1994.54px;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:5183.04px;left:2181.26px;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:5183.04px;left:2385.42px;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:5183.04px;left:2995.97px;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:5183.04px;left:3661.88px;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:5183.04px;left:4126.99px;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:5183.04px;left:4485.54px;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:5183.04px;left:4894.66px;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:5183.04px;left:5560.57px;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:5183.04px;left:6188.56px;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:5183.04px;left:6428.4px;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:5183.04px;left:6703.91px;letter-spacing:-0.36px;white-space:nowrap">express
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5183.04px;left:7287.75px;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:5183.04px;left:7921.82px;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:5183.04px;left:8108.54px;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:5183.04px;left:8730.61px;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:5183.04px;left:9477.48px;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:5183.04px;left:9865.48px;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:5375.04px;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:5375.04px;left:239.83px;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:5375.04px;left:532.95px;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:5375.04px;left:1167.02px;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:5375.04px;left:1528.46px;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:5375.04px;left:2091.49px;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:5375.04px;left:2565.57px;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:5375.04px;left:3438.83px;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:5375.04px;left:3631.31px;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:5375.04px;left:3906.82px;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:5375.04px;left:4407.94px;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:5375.04px;left:4698.5px;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:5375.04px;left:4885.22px;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:5375.04px;left:5546.01px;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:5375.04px;left:6209.68px;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:5375.04px;left:6402.16px;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:5375.04px;left:6683.59px;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:5375.04px;left:7122.15px;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:5375.04px;left:7596.22px;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:5375.04px;left:7862.94px;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:5375.04px;left:8538.45px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5375.04px;left:8710.29px;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:5375.04px;left:8985.81px;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:5375.04px;left:9486.93px;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:5567.04px;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:5567.04px;left:826.39px;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:5567.04px;left:1066.22px;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:5567.04px;left:1768.45px;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:5567.04px;left:1955.17px;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:5567.04px;left:2654.36px;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:5567.04px;left:3362.68px;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:5567.04px;left:4195.47px;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:5567.04px;left:5013.05px;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:5567.04px;left:5327.29px;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:5567.04px;left:6135.92px;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:5567.04px;left:6411.11px;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:5567.04px;left:6642.31px;white-space:nowrap">valued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5567.04px;left:7161.03px;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:5567.04px;left:7341.67px;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:5567.04px;left:7708.7px;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:5567.04px;left:8244.85px;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:5903.04px;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:5903.04px;left:483.03px;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:5903.04px;left:1025.1px;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:6239.04px;left:630px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6239.04px;left:944.24px;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:6239.04px;left:1353.36px;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:6239.04px;left:1628.55px;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:6239.04px;left:2087.74px;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:6239.04px;left:2268.38px;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:6239.04px;left:2644.54px;white-space:nowrap">80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6239.04px;left:3000.21px;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:6239.04px;left:3186.93px;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:6239.04px;left:3391.09px;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:6239.04px;left:4117.48px;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:6239.04px;left:4618.28px;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:6239.04px;left:4790.11px;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:6239.04px;left:5616.67px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6239.04px;left:6081.78px;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:6239.04px;left:6813.61px;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:6239.04px;left:7521.44px;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:6239.04px;left:7888.64px;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:6239.04px;left:8069.27px;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:6239.04px;left:8344.79px;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:6239.04px;left:8706.06px;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:6239.04px;left:8892.78px;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:6239.04px;left:9763.81px;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:6239.04px;left:10030.53px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6431.04px;left:630px;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:6431.04px;left:1097.83px;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:6431.04px;left:1373.35px;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:6431.04px;left:1702.14px;white-space:nowrap">highest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6431.04px;left:2270.94px;white-space:nowrap">grades
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6431.04px;left:2804.21px;white-space:nowrap">(Baa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6431.04px;left:3157.17px;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:6431.04px;left:3349.64px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6431.04px;left:3696.52px;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:6431.04px;left:3888.99px;white-space:nowrap">better)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6431.04px;left:4410.1px;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:6431.04px;left:4629.46px;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:6431.04px;left:4810.1px;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:6431.04px;left:5186.25px;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:6431.04px;left:5503.53px;white-space:nowrap">NRSRO
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6431.04px;left:6084.65px;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:6431.04px;left:6277.12px;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:6431.04px;left:6543.84px;white-space:nowrap">unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6431.04px;left:7142.24px;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:6431.04px;left:7426.55px;white-space:nowrap">judged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6431.04px;left:7980.63px;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:6431.04px;left:8173.1px;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:6431.04px;left:8404.3px;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:6431.04px;left:8591.02px;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:6431.04px;left:9485.89px;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:6431.04px;left:10007.16px;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:6431.04px;left:10226.52px;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:6623.04px;left:630px;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:6623.04px;left:1131.12px;letter-spacing:-1.23px;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:6959.04px;left:630px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6959.04px;left:944.24px;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:6959.04px;left:1353.36px;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:6959.04px;left:1694.31px;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:6959.04px;left:2153.51px;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:6959.04px;left:2384.71px;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:6959.04px;left:2577.18px;white-space:nowrap">20%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6959.04px;left:2932.86px;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:6959.04px;left:3119.58px;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:6959.04px;left:3323.73px;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:6959.04px;left:4050.13px;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:6959.04px;left:4550.92px;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:6959.04px;left:4722.76px;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:6959.04px;left:5454.59px;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:6959.04px;left:6162.42px;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:6959.04px;left:6485.14px;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:6959.04px;left:6665.77px;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:6959.04px;left:6941.29px;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:6959.04px;left:7302.57px;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:6959.04px;left:7489.28px;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:6959.04px;left:8315.83px;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:6959.04px;left:8582.55px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6959.04px;left:9003.02px;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:6959.04px;left:9483.02px;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:7151.04px;left:630px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7151.04px;left:1095.11px;white-space:nowrap">(Ba
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7151.04px;left:1365.03px;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:7151.04px;left:1557.51px;white-space:nowrap">BB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7151.04px;left:1803.58px;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:7151.04px;left:1996.06px;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:7151.04px;left:2473.01px;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:7151.04px;left:2665.49px;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:7151.04px;left:2932.2px;white-space:nowrap">unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7151.04px;left:3530.6px;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:7151.04px;left:3814.91px;white-space:nowrap">judged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7151.04px;left:4368.99px;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:7151.04px;left:4561.46px;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:7151.04px;left:4792.66px;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:7151.04px;left:4979.38px;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:7151.04px;left:5874.25px;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:7151.04px;left:6395.52px;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:7151.04px;left:6614.88px;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:7151.04px;left:6890.4px;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:7151.04px;left:7391.51px;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:7151.04px;left:8218.06px;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:7151.04px;left:8769.1px;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:7151.04px;left:9290.53px;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:7151.04px;left:9566.05px;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:7151.04px;left:10067.17px;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:7343.04px;left:630px;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:7679.04px;left:630px;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:7679.04px;left:893.84px;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:7679.04px;left:1308.71px;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:7679.04px;left:1667.27px;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:7679.04px;left:2022.95px;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:7679.04px;left:2209.67px;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:7679.04px;left:2485.18px;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:7679.04px;left:2986.3px;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:7679.04px;left:3712.7px;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:7679.04px;left:4213.49px;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:7679.04px;left:4554.45px;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:7679.04px;left:4785.65px;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:7679.04px;left:5431.56px;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:7679.04px;left:5603.4px;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:7679.04px;left:6335.23px;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:7679.04px;left:7043.06px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7679.04px;left:7463.53px;white-space:nowrap">below&#160;B3/B-&#160;or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7679.04px;left:8583.52px;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:7679.04px;left:8906.23px;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:7679.04px;left:9172.95px;white-space:nowrap">unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7679.04px;left:9771.34px;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:7679.04px;left:10055.66px;white-space:nowrap">judged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7871.04px;left:630px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7871.04px;left:822.48px;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:7871.04px;left:1053.67px;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:7871.04px;left:1240.39px;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:7871.04px;left:2135.26px;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:7871.04px;left:2656.53px;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:7871.04px;left:2875.89px;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:7871.04px;left:3151.41px;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:7871.04px;left:3652.52px;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:7871.04px;left:4479.07px;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:7871.04px;left:5030.11px;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:7871.04px;left:5551.54px;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:7871.04px;left:5827.06px;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:7871.04px;left:6328.18px;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:8207.04px;left:630px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8207.04px;left:944.24px;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:8207.04px;left:1353.36px;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:8207.04px;left:1694.31px;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:8207.04px;left:2153.51px;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:8207.04px;left:2325.35px;letter-spacing:-0.26px;white-space:nowrap">distressed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8207.04px;left:3089.5px;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:8207.04px;left:3797.33px;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:8207.04px;left:4081.64px;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:8207.04px;left:4422.6px;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:8207.04px;left:4704.04px;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:8207.04px;left:5163.23px;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:8207.04px;left:5335.07px;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:8207.04px;left:5610.59px;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:8207.04px;left:6318.42px;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:8207.04px;left:6505.13px;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:8207.04px;left:6721.61px;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:8207.04px;left:7171.85px;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:8207.04px;left:7669.76px;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:8207.04px;left:7850.4px;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:8207.04px;left:8125.92px;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:8207.04px;left:8487.19px;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:8207.04px;left:8673.91px;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:8207.04px;left:9544.94px;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:8207.04px;left:9695.97px;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:8207.04px;left:9867.81px;white-space:nowrap">default
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8399.04px;left:630px;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:8399.04px;left:858.32px;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:8399.04px;left:1062.47px;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:8399.04px;left:1900.7px;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:8399.04px;left:2093.17px;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:8399.04px;left:2395.57px;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:8399.04px;left:3053px;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:8399.04px;left:3245.48px;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:8399.04px;left:3819.87px;letter-spacing:-0.36px;white-space:nowrap">thereon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8399.04px;left:4418.42px;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:8399.04px;left:4845.3px;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:8399.04px;left:5165.46px;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:8399.04px;left:5357.93px;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:8399.04px;left:5680.65px;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:8399.04px;left:5831.69px;white-space:nowrap">involved
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8399.04px;left:6477.76px;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:8399.04px;left:6649.6px;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:8399.04px;left:6777.12px;white-space:nowrap">bankruptcy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8399.04px;left:7615.67px;letter-spacing:-0.26px;white-space:nowrap">proceeding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8399.04px;left:8480.94px;white-space:nowrap">(i.e.,&#160;rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8399.04px;left:9248.29px;white-space:nowrap">below&#160;C-,&#160;at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8399.04px;left:10163.8px;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:8591.04px;left:630px;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:8591.04px;left:991.27px;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:8591.04px;left:1177.99px;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:8591.04px;left:2090.62px;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:8591.04px;left:2822.45px;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:8591.04px;left:3504.2px;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:8591.04px;left:3826.92px;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:8591.04px;left:4102.44px;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:8591.04px;left:4603.55px;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:8591.04px;left:5462.74px;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:8591.04px;left:5803.7px;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:8591.04px;left:6585.61px;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:8591.04px;left:6908.33px;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:8591.04px;left:7044.32px;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:8591.04px;left:7195.36px;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:8591.04px;left:7367.2px;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:8591.04px;left:7642.71px;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:8591.04px;left:7995.19px;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:8591.04px;left:8569.58px;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:8591.04px;left:8756.3px;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:8591.04px;left:9710.37px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8591.04px;left:9882.21px;white-space:nowrap">pursuing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8783.04px;left:630px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8783.04px;left:757.52px;white-space:nowrap">workout
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8783.04px;left:1379.59px;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:8783.04px;left:2339.42px;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:8783.04px;left:2679.89px;white-space:nowrap">issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8783.04px;left:3198.28px;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:8783.04px;left:3385px;white-space:nowrap">defaulted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8783.04px;left:4113.79px;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:8783.04px;left:4821.62px;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:8783.04px;left:5014.1px;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:8783.04px;left:5444.01px;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:8783.04px;left:5861.93px;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:8783.04px;left:6054.4px;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:8783.04px;left:6329.92px;white-space:nowrap">defaulted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8783.04px;left:7058.71px;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:8783.04px;left:7508.95px;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:8783.04px;left:7701.42px;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:8783.04px;left:8296.94px;letter-spacing:-2.1px;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:8783.04px;left:8735.33px;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:8783.04px;left:8927.81px;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:8783.04px;left:9615.48px;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:8783.04px;left:9743px;white-space:nowrap">debt,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8783.04px;left:10169.56px;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:8975.04px;left:630px;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:8975.04px;left:822.48px;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:8975.04px;left:1245.99px;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:8975.04px;left:1820.38px;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:8975.04px;left:2193.65px;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:8975.04px;left:2469.17px;white-space:nowrap">defaulted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8975.04px;left:3197.96px;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:8975.04px;left:3648.2px;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:8975.04px;left:3840.67px;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:8975.04px;left:4436.19px;letter-spacing:-2.1px;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:8975.04px;left:4874.58px;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:8975.04px;left:5067.06px;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:8975.04px;left:5413.77px;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:8975.04px;left:5837.29px;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:8975.04px;left:6382.24px;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:8975.04px;left:6574.71px;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:8975.04px;left:7075.02px;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:8975.04px;left:7495.66px;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:8975.04px;left:8180.13px;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:8975.04px;left:8455.65px;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:8975.04px;left:9282.2px;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:8975.04px;left:9468.91px;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:9167.04px;left:630px;white-space:nowrap">monies,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9167.04px;left:1234.63px;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:9167.04px;left:1518.95px;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:9167.04px;left:1862.79px;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:9167.04px;left:1993.02px;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:9167.04px;left:2315.74px;letter-spacing:-1.97px;white-space:nowrap">issuer&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9167.04px;left:2857.97px;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:9167.04px;left:3565.8px;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:9167.04px;left:3832.52px;letter-spacing:-0.36px;white-space:nowrap">already
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9167.04px;left:4395.55px;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:9167.04px;left:4754.11px;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:9167.04px;left:4973.47px;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:9167.04px;left:5248.99px;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:9503.04px;left:630px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9503.04px;left:944.24px;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:9503.04px;left:1353.36px;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:9503.04px;left:1694.31px;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:9503.04px;left:2153.51px;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:9503.04px;left:2384.71px;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:9503.04px;left:2577.18px;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:9503.04px;left:2932.86px;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:9503.04px;left:3119.58px;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:9503.04px;left:3323.73px;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:9503.04px;left:4050.13px;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:9503.04px;left:4550.92px;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:9503.04px;left:4722.76px;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:9503.04px;left:5430.59px;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:9503.04px;left:5617.31px;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:9503.04px;left:6040.82px;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:9503.04px;left:6509.14px;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:9503.04px;left:6701.61px;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:9503.04px;left:7540.32px;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:9503.04px;left:8366.87px;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:9503.04px;left:9184.94px;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:9503.04px;left:9925.73px;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:9695.04px;left:630px;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:9695.04px;left:952.71px;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:9695.04px;left:1411.91px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9695.04px;left:2072.06px;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:9695.04px;left:2243.89px;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:9695.04px;left:2975.73px;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:9695.04px;left:3683.55px;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:9695.04px;left:3870.27px;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:9695.04px;left:4145.79px;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:9695.04px;left:4575.38px;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:9695.04px;left:4747.22px;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:9695.04px;left:5200.66px;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:9695.04px;left:5476.17px;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:9695.04px;left:5885.29px;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:9695.04px;left:6226.25px;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:9695.04px;left:6685.44px;letter-spacing:-1.96px;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:10031.04px;left:630px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10031.04px;left:944.24px;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:10031.04px;left:1353.36px;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:10031.04px;left:1694.31px;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:10031.04px;left:2153.51px;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:10031.04px;left:2384.71px;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:10031.04px;left:2577.18px;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:10031.04px;left:2932.86px;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:10031.04px;left:3119.58px;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:10031.04px;left:3323.73px;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:10031.04px;left:4050.13px;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:10031.04px;left:4550.92px;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:10031.04px;left:4722.76px;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:10031.04px;left:5270.92px;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:10031.04px;left:5857.47px;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:10031.04px;left:6180.18px;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:10367.04px;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:10367.04px;left:314.24px;letter-spacing:-0.29px;white-space:nowrap">foregoing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10367.04px;left:1057.91px;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:10367.04px;left:1644.46px;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:10367.04px;left:2083.01px;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:10367.04px;left:2426.85px;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:10367.04px;left:2607.49px;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:10367.04px;left:2883px;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:10367.04px;left:3244.28px;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:10367.04px;left:3430.99px;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:10367.04px;left:3724.59px;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:10367.04px;left:4062.51px;white-space:nowrap">investment.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:10693.44px;left:0px;letter-spacing:-0.29px;white-space:nowrap">Approving
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:10693.44px;left:797.11px;white-space:nowrap">Changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:10693.44px;left:1470.07px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:10693.44px;left:1641.9px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:10693.44px;left:2472.29px;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:11039.04px;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:11039.04px;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:11039.04px;left:785.43px;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:11039.04px;left:972.15px;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:11039.04px;left:1603.18px;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:11039.04px;left:1789.9px;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:11039.04px;left:2065.42px;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:11039.04px;left:2474.53px;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:11039.04px;left:2815.49px;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:11039.04px;left:3384.77px;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:11039.04px;left:3660.29px;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:11039.04px;left:4246.84px;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:11039.04px;left:4999.31px;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:11039.04px;left:5485.54px;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:11039.04px;left:6062.97px;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:11039.04px;left:6190.49px;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:11039.04px;left:7076.4px;white-space:nowrap">vote.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11039.04px;left:7479.44px;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:11039.04px;left:8187.75px;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:11039.04px;left:8463.26px;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:11039.04px;left:8964.38px;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:11039.04px;left:9432.53px;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:11039.04px;left:9619.25px;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:11039.04px;left:10303.56px;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:11231.04px;left:0px;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:11231.04px;left:376.15px;white-space:nowrap">80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11231.04px;left:731.83px;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:11231.04px;left:918.55px;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:11231.04px;left:1122.71px;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:11231.04px;left:1667.98px;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:11231.04px;left:1839.82px;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:11231.04px;left:2571.65px;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:11231.04px;left:3279.48px;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:11231.04px;left:3593.72px;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:11231.04px;left:4017.23px;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:11231.04px;left:4562.18px;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:11231.04px;left:5456.89px;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:11231.04px;left:5732.41px;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:11231.04px;left:6301.52px;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:11231.04px;left:6674.8px;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:11231.04px;left:7128.23px;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:11231.04px;left:7279.27px;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:11231.04px;left:7865.98px;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:11231.04px;left:8239.26px;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:11231.04px;left:8784.21px;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:11231.04px;left:9326.28px;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:11231.04px;left:9640.52px;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:11231.04px;left:10013.96px;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:11423.04px;left:0px;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:11423.04px;left:411.67px;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:11423.04px;left:725.91px;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:11423.04px;left:1099.35px;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:11423.04px;left:1446.06px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11423.04px;left:1771.82px;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:11423.04px;left:2340.93px;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:11423.04px;left:2755.81px;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:11423.04px;left:3070.05px;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:11423.04px;left:3443.32px;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:11423.04px;left:3718.84px;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:11423.04px;left:4260.91px;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:11423.04px;left:5054.5px;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:11423.04px;left:5762.65px;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:11423.04px;left:6020.41px;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:11423.04px;left:6805.52px;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:11423.04px;left:6997.99px;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:11423.04px;left:7842.3px;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:11423.04px;left:8183.26px;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:11423.04px;left:8464.69px;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:11423.04px;left:8695.89px;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:11423.04px;left:9362.93px;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:11423.04px;left:9940.36px;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:11615.04px;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:11615.04px;left:666.71px;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:11615.04px;left:853.43px;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:11615.04px;left:1128.95px;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:11615.04px;left:1703.66px;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:11615.04px;left:1890.37px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11615.04px;left:2017.89px;white-space:nowrap">majority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11615.04px;left:2636.76px;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:11615.04px;left:2823.48px;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:11615.04px;left:3098.99px;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:11615.04px;left:3996.58px;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:11615.04px;left:4669.53px;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:11615.04px;left:5161.53px;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:11615.04px;left:5475.77px;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:11615.04px;left:6183.6px;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:11615.04px;left:6675.6px;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:11615.04px;left:7170.31px;white-space:nowrap">together
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11615.04px;left:7833.66px;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:11615.04px;left:8029.34px;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:11615.04px;left:8156.86px;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:11615.04px;left:8621.97px;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:11615.04px;left:9045.81px;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:11615.04px;left:9360.05px;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:11615.04px;left:9635.56px;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:11615.04px;left:10302.28px;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:11807.04px;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:11807.04px;left:275.52px;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:11807.04px;left:850.23px;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:11807.04px;left:1036.95px;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:11807.04px;left:1164.47px;white-space:nowrap">majority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11807.04px;left:1783.33px;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:11807.04px;left:1970.05px;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:11807.04px;left:2245.57px;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:11807.04px;left:3143.15px;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:11807.04px;left:3850.99px;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:11807.04px;left:4387.46px;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:11807.04px;left:4882.18px;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:11807.04px;left:5658.33px;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:11807.04px;left:5854px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11807.04px;left:5981.52px;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:11807.04px;left:6446.64px;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:11807.04px;left:6870.47px;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:11807.04px;left:7024.71px;white-space:nowrap">&#8220;majority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11807.04px;left:7726.62px;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:11807.04px;left:7913.33px;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:11807.04px;left:8188.85px;white-space:nowrap">outstanding&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11807.04px;left:9169.48px;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:11807.04px;left:9661.48px;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:11807.04px;left:10171.39px;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:11999.04px;left:0px;white-space:nowrap">67%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11999.04px;left:355.68px;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:11999.04px;left:548.15px;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:11999.04px;left:963.03px;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:11999.04px;left:1149.75px;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:11999.04px;left:1425.26px;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:11999.04px;left:1917.26px;letter-spacing:-0.36px;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:11999.04px;left:2497.9px;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:11999.04px;left:2678.53px;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:11999.04px;left:2806.05px;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:11999.04px;left:3487.49px;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:11999.04px;left:3617.72px;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:11999.04px;left:3893.24px;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:11999.04px;left:4467.95px;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:11999.04px;left:4654.67px;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:11999.04px;left:5069.54px;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:11999.04px;left:5428.1px;white-space:nowrap">50%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11999.04px;left:5783.78px;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:11999.04px;left:5970.5px;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:11999.04px;left:6246.01px;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:11999.04px;left:6738.01px;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:11999.04px;left:7004.73px;letter-spacing:-0.36px;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:11999.04px;left:7585.36px;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:11999.04px;left:7777.84px;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:11999.04px;left:8684.39px;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:11999.04px;left:8903.75px;letter-spacing:-0.48px;white-space:nowrap">proxy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11999.04px;left:9345.34px;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:11999.04px;left:9537.82px;white-space:nowrap">(ii)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11999.04px;left:9742.29px;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:11999.04px;left:10157.17px;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:12191.04px;left:0px;white-space:nowrap">50%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12191.04px;left:355.68px;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:12191.04px;left:542.4px;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:12191.04px;left:817.91px;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:12191.04px;left:1354.39px;white-space:nowrap">whichever
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12191.04px;left:2115.98px;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:12191.04px;left:2267.02px;white-space:nowrap">less.</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-style:italic;position:absolute;top:-9.6px;left:0px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:-9.6px;left:651.34px;white-space:nowrap">Contents</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:336px;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:336px;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:336px;left:723.36px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:336px;left:1250.71px;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:336px;left:1422.55px;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:336px;left:1970.7px;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:336px;left:2702.53px;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:336px;left:3454.84px;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:336px;left:4154.03px;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:336px;left:4885.86px;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:336px;left:5377.86px;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:336px;left:5692.1px;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:336px;left:6175.13px;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:336px;left:6598.65px;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:336px;left:7306.47px;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:336px;left:7801.35px;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:336px;left:7993.83px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:336px;left:8551.26px;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:336px;left:8865.5px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:336px;left:9562.14px;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:528px;left:0px;letter-spacing:-0.29px;white-space:nowrap">projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:528px;left:657.59px;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:528px;left:971.83px;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:528px;left:1395.34px;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:528px;left:1940.3px;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:528px;left:2648.13px;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:528px;left:2962.36px;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:528px;left:3702.83px;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:528px;left:4573.54px;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:528px;left:5195.61px;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:528px;left:5895.13px;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:528px;left:6087.6px;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:528px;left:6819.43px;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:528px;left:7355.91px;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:528px;left:7794.46px;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:528px;left:8108.7px;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:528px;left:8816.53px;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:528px;left:9139.25px;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:528px;left:9728.84px;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:528px;left:9968.67px;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:720px;left:0px;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:720px;left:669.75px;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:720px;left:856.47px;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:720px;left:1430.86px;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:720px;left:1999.98px;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:720px;left:2322.69px;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:720px;left:2473.73px;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:720px;left:3060.44px;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:720px;left:3433.72px;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:720px;left:4020.27px;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:720px;left:4393.71px;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:720px;left:4740.42px;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:720px;left:5152.09px;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:720px;left:5466.33px;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:720px;left:5839.77px;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:720px;left:6186.48px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:6512.24px;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:720px;left:7081.35px;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:1056px;left:0px;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:737.91px;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:1056px;left:1445.74px;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:1056px;left:2008.78px;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:2740.61px;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:1056px;left:3277.08px;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:1056px;left:3760.12px;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:1056px;left:4467.95px;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:1056px;left:4962.82px;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:1056px;left:5155.3px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:5712.73px;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:1056px;left:6026.97px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:6723.61px;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:1056px;left:7206.48px;letter-spacing:-0.29px;white-space:nowrap">projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:7864.07px;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:1056px;left:8675.58px;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:1056px;left:8862.29px;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:1056px;left:9848.36px;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:1248px;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:1248px;left:322.71px;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:1248px;left:959.99px;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:1248px;left:1842.7px;white-space:nowrap">lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:2254.69px;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:1248px;left:3137.4px;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:1248px;left:3869.23px;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:1248px;left:4352.26px;letter-spacing:-0.44px;white-space:nowrap">pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:5335.94px;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:1248px;left:6067.77px;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:1248px;left:6604.24px;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:1248px;left:7140.23px;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:1248px;left:7682.14px;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:1248px;left:8218.62px;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:1248px;left:8926.45px;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:1248px;left:9421.32px;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:1248px;left:9640.68px;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:1248px;left:10011.24px;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:1440px;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:1440px;left:699.19px;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:1440px;left:1247.35px;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:1440px;left:1833.9px;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:1440px;left:2156.61px;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:1440px;left:2908.92px;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:1440px;left:3223.16px;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:1440px;left:3646.67px;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:1440px;left:4093.86px;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:1440px;left:4280.58px;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:1440px;left:5012.41px;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:1440px;left:5504.4px;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:1440px;left:5818.64px;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:1440px;left:6570.95px;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:1440px;left:6885.19px;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:1440px;left:7308.7px;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:1440px;left:7853.66px;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:8724.37px;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:1440px;left:9047.08px;letter-spacing:-0.41px;white-space:nowrap">create
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:9533px;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:1440px;left:10232.51px;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:1632px;left:0px;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:1632px;left:731.83px;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:1632px;left:1268.31px;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:1632px;left:1706.86px;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:1632px;left:2021.1px;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:1632px;left:2728.93px;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:1632px;left:3051.64px;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:1632px;left:3641.24px;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:1632px;left:3881.07px;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:1632px;left:4156.59px;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:1632px;left:4826.34px;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:1632px;left:5013.06px;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:1632px;left:5587.45px;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:1632px;left:6156.56px;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:1632px;left:6479.28px;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:6630.31px;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:1632px;left:7217.03px;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:1632px;left:7590.3px;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:1632px;left:7922.46px;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:1632px;left:8464.53px;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:1632px;left:9033.65px;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:1632px;left:9291.4px;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:1632px;left:9605.64px;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:1632px;left:9979.08px;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:1824px;left:0px;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:1824px;left:411.67px;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:1824px;left:725.91px;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:1824px;left:1099.35px;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:1824px;left:1446.06px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:1771.82px;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:1824px;left:2340.93px;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:2160px;left:0px;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:2160px;left:737.91px;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:2160px;left:1445.74px;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:2160px;left:1712.46px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:2094.54px;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:2160px;left:2932.76px;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:2160px;left:3631.95px;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:2160px;left:4126.83px;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:2160px;left:4346.19px;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:2160px;left:4849.7px;white-space:nowrap">cities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:5258.33px;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:2160px;left:5572.57px;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:2160px;left:5948.88px;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:2160px;left:6742.47px;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:2160px;left:7056.71px;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:2160px;left:7583.9px;white-space:nowrap">possessions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:8473.01px;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:2160px;left:8787.25px;white-space:nowrap">territories
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:9515.07px;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:2160px;left:9701.79px;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:2160px;left:9977.3px;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:2352px;left:0px;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:2352px;left:479.83px;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:2352px;left:889.11px;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:2352px;left:1084.79px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:1600.14px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:1949.9px;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:2352px;left:2264.13px;white-space:nowrap">Guam)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:2783.01px;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:2352px;left:2975.49px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:3532.92px;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:2352px;left:3725.4px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:4422.03px;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:2352px;left:4904.91px;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:2352px;left:5538.98px;letter-spacing:-0.32px;white-space:nowrap">projects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:6152.09px;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:2352px;left:6519.77px;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:2352px;left:6715.45px;letter-spacing:-0.41px;white-space:nowrap">roads,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:7198.48px;white-space:nowrap">schools,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:7817.99px;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:2352px;left:8132.23px;white-space:nowrap">water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:8570.46px;white-space:nowrap">supply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:9083.1px;white-space:nowrap">systems.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2688px;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:2688px;left:314.24px;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:2688px;left:1046.07px;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:2688px;left:1753.9px;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:2688px;left:1925.74px;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:2688px;left:2379.17px;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:2688px;left:2654.69px;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:2688px;left:3063.81px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2688px;left:3591.16px;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:2688px;left:3857.88px;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:2688px;left:4557.07px;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:2688px;left:5051.95px;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:2688px;left:5271.31px;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:2688px;left:5546.82px;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:2688px;left:5958.5px;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:2688px;left:6145.21px;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:2688px;left:6518.65px;letter-spacing:-2.45px;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:2688px;left:6909.85px;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:2688px;left:7037.37px;white-space:nowrap">municipality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2688px;left:7937.83px;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:2688px;left:8109.67px;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:2688px;left:8483.11px;letter-spacing:-2.45px;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:2688px;left:8874.3px;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:2688px;left:9066.78px;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:2688px;left:9194.3px;white-space:nowrap">political
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2688px;left:9798.28px;white-space:nowrap">subdivision
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2880px;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:2880px;left:192.48px;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:2880px;left:749.91px;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:2880px;left:942.39px;white-space:nowrap">instrumentality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2880px;left:2035.01px;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:2880px;left:2221.73px;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:2880px;left:2589.4px;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:2880px;left:3001.08px;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:2880px;left:3193.55px;letter-spacing:-1.05px;white-space:nowrap">municipality,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2880px;left:4123.78px;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:2880px;left:4438.02px;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:2880px;left:4740.42px;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:2880px;left:5314.81px;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:2880px;left:5682px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2880px;left:5853.84px;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:2880px;left:6129.36px;white-space:nowrap">opinion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2880px;left:6716.07px;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:2880px;left:6902.79px;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:2880px;left:7326.62px;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:2880px;left:7916.54px;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:2880px;left:8109.01px;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:2880px;left:8384.53px;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:2880px;left:8834.77px;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:2880px;left:9068.84px;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:2880px;left:9297.16px;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:2880px;left:9572.68px;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:2880px;left:9972.67px;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:2880px;left:10159.39px;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:3072px;left:0px;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:3072px;left:675.19px;white-space:nowrap">believed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:1335.98px;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:3072px;left:1555.34px;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:3072px;left:1830.86px;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:3072px;left:2661.25px;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:3072px;left:3239px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:3431.47px;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:3072px;left:3662.67px;letter-spacing:-0.26px;white-space:nowrap">reliable),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:4317.39px;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:3072px;left:4468.42px;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:3072px;left:5055.14px;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:3072px;left:5428.41px;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:3072px;left:5973.36px;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:3072px;left:6559.92px;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:3072px;left:6933.35px;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:3072px;left:7280.07px;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:3072px;left:7691.74px;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:3072px;left:8005.98px;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:3072px;left:8379.42px;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:3072px;left:8726.13px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:9051.89px;white-space:nowrap">personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:9709.64px;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:3264px;left:0px;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:3264px;left:414.88px;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:3264px;left:729.11px;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:3264px;left:1004.63px;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:3264px;left:1546.7px;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:3264px;left:2340.29px;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:3264px;left:3048.44px;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:3264px;left:3350.68px;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:3264px;left:3664.92px;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:3264px;left:4074.04px;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:3264px;left:4414.99px;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:3264px;left:4874.19px;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:3264px;left:5046.03px;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:3264px;left:5777.86px;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:3264px;left:6269.85px;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:3264px;left:6764.73px;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:3264px;left:6984.08px;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:3264px;left:7505.52px;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:3264px;left:7985.35px;white-space:nowrap">territories
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3264px;left:8713.17px;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:3264px;left:9027.41px;white-space:nowrap">possessions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3264px;left:9916.52px;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:3456px;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:3456px;left:195.68px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:711.03px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:1060.78px;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:3456px;left:1253.26px;white-space:nowrap">Guam)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:1772.14px;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:3456px;left:2094.85px;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:3456px;left:2361.57px;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:3456px;left:2948.28px;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:3456px;left:3321.56px;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:3456px;left:3866.51px;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:3456px;left:4453.06px;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:3456px;left:4826.5px;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:3456px;left:5173.22px;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:3456px;left:5584.89px;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:3456px;left:5899.13px;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:3456px;left:6272.57px;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:3456px;left:6619.28px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:6945.03px;white-space:nowrap">personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:7602.79px;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:3456px;left:8171.9px;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:3456px;left:8586.77px;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:3456px;left:8901.01px;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:3456px;left:9176.53px;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:3456px;left:9718.6px;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:3648px;left:0px;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:3648px;left:708.15px;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:3984px;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:3984px;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:3984px;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:3984px;left:1064.31px;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:3984px;left:1523.51px;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:3984px;left:1695.35px;white-space:nowrap">&#8220;tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:2400.78px;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:3984px;left:3203.33px;white-space:nowrap">bonds.&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:3822.84px;letter-spacing:-2.22px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:4466.19px;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:3984px;left:5268.74px;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:3984px;left:5760.73px;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:3984px;left:6027.45px;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:3984px;left:6759.28px;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:3984px;left:7467.11px;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:3984px;left:7789.83px;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:3984px;left:8056.55px;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:3984px;left:8661.18px;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:3984px;left:8853.66px;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:3984px;left:9464.21px;white-space:nowrap">solely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:9914.61px;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:3984px;left:10287.88px;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:4176px;left:0px;white-space:nowrap">collateralization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:1157.9px;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:4176px;left:1344.61px;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:4176px;left:1620.13px;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:4176px;left:2328.44px;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:4176px;left:2701.72px;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:4176px;left:3081.07px;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:3561.07px;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:4176px;left:3753.54px;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:4176px;left:4177.06px;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:4176px;left:4846px;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:4176px;left:5402.95px;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:4176px;left:5678.47px;white-space:nowrap">tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:6300.86px;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:4512px;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:4512px;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:4512px;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:4512px;left:1064.31px;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:4512px;left:1523.51px;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:4512px;left:1695.35px;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:4512px;left:2427.18px;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:4512px;left:3135.01px;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:4512px;left:3457.72px;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:4512px;left:4177.56px;white-space:nowrap">lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:4589.55px;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:4512px;left:5427.78px;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:4512px;left:5742.02px;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:4512px;left:6553.52px;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:4512px;left:6740.24px;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:4512px;left:7681.82px;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:4512px;left:7853.66px;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:8221.34px;white-space:nowrap">leases.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:8745.97px;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:4512px;left:8900.21px;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:4512px;left:9632.04px;white-space:nowrap">lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:10044.04px;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:4512px;left:10195.08px;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:4704px;left:0px;white-space:nowrap">obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:770.07px;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:4704px;left:941.9px;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:4704px;left:1217.42px;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:4704px;left:1596.45px;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:4704px;left:1783.17px;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:4704px;left:1910.69px;white-space:nowrap">lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:2322.69px;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:2515.16px;white-space:nowrap">installment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:3335.47px;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:4704px;left:4023.14px;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:4704px;left:4345.86px;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:4704px;left:4496.9px;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:4704px;left:4991.77px;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:4704px;left:5211.13px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:5338.65px;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:4704px;left:5729.52px;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:4704px;left:5922px;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:4704px;left:6298.31px;letter-spacing:0.26px;white-space:nowrap">government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:7213.82px;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:4704px;left:7406.3px;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:4704px;left:7975.25px;white-space:nowrap">equipment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:8798.92px;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:4704px;left:9113.16px;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:4704px;left:9773.47px;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:4896px;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:4896px;left:373.27px;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:4896px;left:740.95px;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:4896px;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:4896px;left:2278.37px;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:4896px;left:2429.41px;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:4896px;left:3016.12px;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:4896px;left:3389.39px;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:4896px;left:3780.27px;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:4896px;left:4094.51px;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:4896px;left:4470.82px;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:4896px;left:4885.7px;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:4896px;left:5057.53px;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:4896px;left:5333.05px;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:4896px;left:5723.93px;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:4896px;left:5910.64px;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:4896px;left:6601.36px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:6755.6px;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:4896px;left:7498.94px;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:4896px;left:7685.66px;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:4896px;left:8627.24px;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:4896px;left:9415.23px;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:4896px;left:9631.71px;white-space:nowrap">undivided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;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:5088px;left:574.39px;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:5088px;left:746.23px;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:5088px;left:962.71px;white-space:nowrap">unmanaged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:1860.94px;white-space:nowrap">pool
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:2231.34px;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:5088px;left:2418.05px;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:5088px;left:3149.89px;white-space:nowrap">leases,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:3674.52px;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:5088px;left:3891px;white-space:nowrap">installment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:4711.31px;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:5088px;left:5398.98px;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:5088px;left:6219.78px;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:5088px;left:6412.25px;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:5088px;left:6835.77px;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:5088px;left:7750.95px;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:5088px;left:8065.19px;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:5088px;left:8876.7px;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:5088px;left:9501.65px;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:5088px;left:9768.37px;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:5088px;left:10263.24px;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: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:5280px;left:127.52px;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:5280px;left:859.35px;letter-spacing:-1.84px;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:5280px;left:1446.55px;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:5280px;left:1574.07px;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:5280px;left:1935.02px;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:5280px;left:2127.5px;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:5280px;left:2551.01px;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:5280px;left:2995.16px;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:5280px;left:3317.88px;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:5280px;left:3602.51px;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:5280px;left:4254.51px;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:5280px;left:4470.99px;white-space:nowrap">assignment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5280px;left:5327.3px;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:5280px;left:5514.02px;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:5280px;left:5789.53px;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:5280px;left:6527.45px;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:5280px;left:6719.92px;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:5280px;left:6951.12px;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:5280px;left:7401.68px;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:5280px;left:7621.04px;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:5280px;left:7896.55px;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:5280px;left:8287.43px;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:5280px;left:8479.9px;white-space:nowrap">political
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5280px;left:9083.89px;white-space:nowrap">subdivision
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5280px;left:9925.32px;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:5472px;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:5472px;left:367.68px;white-space:nowrap">leases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:847.83px;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:5472px;left:1040.31px;white-space:nowrap">installment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:1860.62px;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:5472px;left:2548.29px;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:5472px;left:3481.73px;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:5472px;left:3870.21px;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:5472px;left:4681.71px;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:5472px;left:5271.3px;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:5472px;left:5546.82px;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:5955.94px;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:5472px;left:6296.41px;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:5472px;left:6571.93px;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:5472px;left:6947.76px;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:5472px;left:7140.24px;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:5472px;left:7267.76px;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:5472px;left:7555.11px;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:5472px;left:7871.91px;white-space:nowrap">undivided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:8630.46px;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:5472px;left:9204.85px;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:5472px;left:9376.69px;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:5472px;left:9652.21px;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:5664px;left:0px;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:5664px;left:731.83px;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:5664px;left:1484.14px;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:5664px;left:1659.82px;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:5664px;left:2341.09px;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:2708.77px;white-space:nowrap">participations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:3718.51px;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:5664px;left:4417.7px;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:5664px;left:5007.29px;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:5664px;left:5282.81px;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:5691.93px;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:5664px;left:6032.4px;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:5664px;left:6307.92px;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:5664px;left:6683.75px;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:6876.23px;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:5664px;left:7513.5px;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:5664px;left:8227.74px;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:5664px;left:8456.05px;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:8737.49px;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:5664px;left:9152.37px;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:5664px;left:9510.92px;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:5664px;left:9967.56px;white-space:nowrap">days&#8217;
</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">notice,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:530.39px;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:5856px;left:717.11px;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:5856px;left:921.43px;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:5856px;left:1113.9px;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:1407.5px;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:5856px;left:1739.01px;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:5856px;left:1925.73px;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:5856px;left:2201.25px;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:5856px;left:2702.37px;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:5856px;left:3643.95px;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:5856px;left:4218.34px;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:5856px;left:4390.18px;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:5856px;left:4665.7px;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:5856px;left:5468.57px;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:5856px;left:6200.4px;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:5856px;left:6952.71px;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:7290.46px;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:5856px;left:7901.02px;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:6192px;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:6192px;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:6192px;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:6192px;left:1064.31px;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:6192px;left:1523.51px;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:6192px;left:1695.35px;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:6192px;left:2427.18px;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:6192px;left:2910.21px;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:6192px;left:3648.13px;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:6192px;left:4355.95px;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:6192px;left:4527.79px;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:6192px;left:4803.31px;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:6192px;left:5182.34px;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:6192px;left:5369.06px;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:6192px;left:5807.61px;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:6192px;left:6506.8px;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:6192px;left:6773.52px;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:6192px;left:7161.84px;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:6192px;left:7354.32px;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:6192px;left:7943.91px;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:6192px;left:8183.74px;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:6192px;left:8974.13px;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:6192px;left:9489.48px;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:6192px;left:10011.24px;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:6384px;left:0px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:879.67px;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:6384px;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:6384px;left:1282.86px;letter-spacing:-1.97px;white-space:nowrap">issuer&#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:1825.1px;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:6384px;left:2364.13px;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:6384px;left:2550.84px;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:6384px;left:2974.36px;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:6384px;left:3659.16px;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:6384px;left:3851.63px;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:6384px;left:4589.7px;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:6384px;left:4903.94px;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:6384px;left:5528.89px;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:6384px;left:5911.45px;white-space:nowrap">maturities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:6657.52px;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:6384px;left:6844.23px;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:6384px;left:7075.43px;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:6384px;left:7267.91px;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:6384px;left:7682.62px;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:6384px;left:8141.98px;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:6384px;left:8530.46px;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:6384px;left:9401.17px;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:6384px;left:9742.12px;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:6576px;left:0px;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:6576px;left:257.76px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:1137.42px;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:6576px;left:1620.46px;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:6576px;left:2237.09px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:3116.76px;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:6576px;left:3599.79px;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:6576px;left:4023.63px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:4903.3px;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:6576px;left:5386.33px;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:6576px;left:5644.09px;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:6576px;left:5958.33px;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:6576px;left:6574.96px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:7454.63px;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:6576px;left:7893.18px;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:6576px;left:8207.42px;white-space:nowrap">construction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:9128.69px;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:6576px;left:9478.44px;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:6576px;left:9961.48px;letter-spacing:-4.44px;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:6768px;left:0px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:879.67px;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:6768px;left:1318.22px;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:6768px;left:1584.94px;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:6768px;left:2079.81px;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:6768px;left:2272.29px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:2829.73px;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:6768px;left:3105.24px;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:6768px;left:3715.47px;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:6768px;left:4230.83px;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:6768px;left:4708.1px;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:6768px;left:4894.82px;letter-spacing:0.22px;white-space:nowrap">governments.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:5922.97px;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:6768px;left:6678.64px;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:6768px;left:7031.28px;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:6768px;left:7298px;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:6768px;left:7792.87px;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:6768px;left:7964.71px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:8844.38px;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:6768px;left:9031.09px;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:6768px;left:9579.24px;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:6768px;left:9837px;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:6960px;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:6960px;left:367.68px;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:6960px;left:563.36px;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:6960px;left:1176.95px;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:6960px;left:1612.63px;letter-spacing:-1.76px;white-space:nowrap">property,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:2299.82px;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:6960px;left:2590.38px;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:6960px;left:2904.61px;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:6960px;left:3556.61px;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:6960px;left:4015.96px;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:6960px;left:4330.2px;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:6960px;left:4596.92px;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:6960px;left:5207.48px;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:6960px;left:5580.75px;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:6960px;left:6013.39px;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:6960px;left:6591.3px;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:6960px;left:7053.37px;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:6960px;left:7512.73px;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:6960px;left:8174.01px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:9053.67px;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:6960px;left:9492.23px;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:6960px;left:9758.95px;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:6960px;left:10253.82px;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:7152px;left:0px;white-space:nowrap">expectation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7152px;left:885.91px;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:7152px;left:1072.62px;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:7152px;left:1611.66px;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:7152px;left:1798.37px;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:7152px;left:2221.89px;white-space:nowrap">kinds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7152px;left:2636.76px;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:7152px;left:2823.48px;letter-spacing:-0.32px;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:7152px;left:3484.6px;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:7152px;left:3852.28px;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:7152px;left:4047.95px;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:7152px;left:4590.03px;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:7152px;left:5274.82px;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:7152px;left:5947.46px;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:7152px;left:6409.69px;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:7152px;left:6951.77px;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:7152px;left:7568.4px;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:7152px;left:8131.28px;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:7152px;left:8901.51px;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:7152px;left:9328.38px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7152px;left:10208.05px;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:7344px;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:7344px;left:266.72px;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:7344px;left:761.59px;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:7344px;left:954.07px;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:7344px;left:1543.66px;white-space:nowrap">interim
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7344px;left:2085.41px;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:7344px;left:2779.01px;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:7344px;left:3131.32px;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:7344px;left:3883.47px;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:7344px;left:4307.3px;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:7344px;left:5000.9px;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:7344px;left:5294.49px;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:7344px;left:5525.69px;white-space:nowrap">arranged.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7344px;left:6260.41px;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:7344px;left:6436.08px;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:7344px;left:6833.04px;white-space:nowrap">cases,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7344px;left:7307.43px;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:7344px;left:7582.95px;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:7344px;left:8335.1px;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:7344px;left:8827.09px;white-space:nowrap">then
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7344px;left:9191.57px;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:7344px;left:9781.16px;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:7344px;left:10056.68px;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:7536px;left:0px;white-space:nowrap">needed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7536px;left:595.84px;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:7536px;left:835.67px;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:7536px;left:1644.62px;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:7536px;left:1831.34px;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:7536px;left:2106.86px;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:7536px;left:2530.69px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7536px;left:3410.36px;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:7536px;left:3893.39px;letter-spacing:-4.44px;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:7536px;left:4172.11px;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:7536px;left:4486.35px;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:7536px;left:5102.99px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7536px;left:5982.65px;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:7536px;left:6421.21px;white-space:nowrap">combine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7536px;left:7088.08px;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:7536px;left:7363.6px;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:7536px;left:7956.23px;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:7536px;left:8537.19px;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:7536px;left:8723.9px;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:7536px;left:9103.1px;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:7536px;left:9360.85px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:0px;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:7728px;left:438.55px;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:7728px;left:752.79px;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:7728px;left:1369.43px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:2249.1px;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:7728px;left:2732.13px;white-space:nowrap">Construction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:3688.92px;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:7728px;left:4038.67px;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:7728px;left:4477.23px;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:7728px;left:4743.95px;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:7728px;left:5087.62px;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:7728px;left:5280.1px;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:7728px;left:5869.69px;white-space:nowrap">construction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:6790.95px;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:7728px;left:7529.03px;white-space:nowrap">Mortgage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:8284.54px;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:7728px;left:8723.09px;letter-spacing:-0.36px;white-space:nowrap">insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:9289.01px;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:7728px;left:9508.36px;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:7728px;left:9783.88px;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:7920px;left:0px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:637.11px;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:7920px;left:1339.02px;letter-spacing:-0.41px;white-space:nowrap">secure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:1845.9px;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:7920px;left:2278.53px;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:7920px;left:2761.57px;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:7920px;left:3443.32px;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:7920px;left:3718.84px;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:7920px;left:4427.15px;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:7920px;left:4800.42px;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:7920px;left:5075.94px;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:7920px;left:5796.1px;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:7920px;left:6137.05px;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:7920px;left:6368.25px;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:7920px;left:6676.41px;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:7920px;left:7034.97px;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:7920px;left:7310.48px;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:7920px;left:8051.59px;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:7920px;left:8839.75px;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:7920px;left:9026.46px;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:7920px;left:9301.98px;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:7920px;left:9971.73px;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:8112px;left:0px;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:8112px;left:657.43px;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:8112px;left:971.67px;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:8112px;left:1546.06px;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:8112px;left:1774.38px;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:8112px;left:2049.9px;white-space:nowrap">mortgage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8112px;left:2799.32px;white-space:nowrap">note
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8112px;left:3169.72px;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:8112px;left:3299.96px;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:8112px;left:3714.67px;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:8112px;left:3999.31px;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:8112px;left:4408.43px;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:8112px;left:4535.95px;white-space:nowrap">default.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8112px;left:5122.5px;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:8112px;left:5436.74px;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:8112px;left:6280.89px;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:8112px;left:6965.69px;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:8112px;left:7338.96px;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:8112px;left:7798.32px;white-space:nowrap">grants
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8112px;left:8286.95px;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:8112px;left:8479.42px;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:8112px;left:8903.26px;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:8112px;left:9596.85px;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:8304px;left:0px;letter-spacing:-0.41px;white-space:nowrap">secure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8304px;left:506.88px;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:8304px;left:782.4px;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:8304px;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:8304px;left:1807.34px;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:8304px;left:2023.82px;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:8304px;left:2474.05px;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:8304px;left:2660.77px;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:8304px;left:3392.6px;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:8640px;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:8640px;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:8640px;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:8640px;left:1064.31px;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:8640px;left:1523.51px;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:8640px;left:1695.35px;letter-spacing:-0.44px;white-space:nowrap">pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:2679.02px;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:8640px;left:3410.85px;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:8640px;left:4163.16px;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:8640px;left:4477.4px;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:8640px;left:5134.83px;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:8640px;left:5321.54px;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:8640px;left:5635.78px;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:8640px;left:6210.17px;letter-spacing:-0.22px;white-space:nowrap">on&#160;pre-refunded&#160;municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:8153.99px;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:8640px;left:8861.82px;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:8640px;left:9128.54px;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:8640px;left:9356.86px;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:8640px;left:9863.41px;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:8832px;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:8832px;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:8832px;left:648.79px;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:8832px;left:1226.22px;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:8832px;left:1842.86px;letter-spacing:-0.41px;white-space:nowrap">source
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:2355.65px;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:8832px;left:2595.49px;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:8832px;left:2871.01px;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:8832px;left:3623.32px;white-space:nowrap">Instead,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:4234.51px;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:8832px;left:4510.03px;letter-spacing:-0.41px;white-space:nowrap">source
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:5022.82px;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:8832px;left:5209.54px;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:8832px;left:5577.22px;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:8832px;left:6315.13px;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:8832px;left:6466.17px;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:8832px;left:7091.12px;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:8832px;left:7307.6px;letter-spacing:-0.41px;white-space:nowrap">escrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:7846.95px;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:8832px;left:8214.47px;white-space:nowrap">consisting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:8972.85px;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:8832px;left:9159.57px;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:8832px;left:9491.73px;letter-spacing:0.26px;white-space:nowrap">government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9024px;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:9024px;left:752.31px;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:9024px;left:1066.55px;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:9024px;left:1540.62px;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:9024px;left:1712.46px;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:9024px;left:1987.98px;letter-spacing:-0.41px;white-space:nowrap">escrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9024px;left:2527.33px;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:9024px;left:2894.85px;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:9024px;left:3161.57px;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:9024px;left:3748.12px;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:9024px;left:4121.39px;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:9024px;left:4396.91px;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:9024px;left:5105.22px;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:9024px;left:5291.94px;letter-spacing:-0.29px;white-space:nowrap">refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9024px;left:6023.77px;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:9024px;left:6515.77px;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:9024px;left:7010.64px;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:9024px;left:7230px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9024px;left:7505.52px;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:9024px;left:7926.48px;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:9024px;left:8376.71px;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:9024px;left:8572.39px;letter-spacing:-0.21px;white-space:nowrap">the&#160;pre-refunded&#160;municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9216px;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:9216px;left:752.31px;white-space:nowrap">Issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9216px;left:1274.54px;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:9216px;left:1461.26px;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:9216px;left:2193.09px;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:9216px;left:2900.92px;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:9216px;left:3191.48px;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:9216px;left:3484.59px;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:9216px;left:4125.07px;letter-spacing:-0.29px;white-space:nowrap">refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9216px;left:4856.9px;white-space:nowrap">technique
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9216px;left:5612.58px;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:9216px;left:5805.05px;white-space:nowrap">obtain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9216px;left:6305.69px;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:9216px;left:6720.56px;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:9216px;left:7428.71px;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:9216px;left:7875.74px;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:9216px;left:8216.22px;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:9216px;left:8785.01px;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:9216px;left:8977.49px;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:9216px;left:9685.31px;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:9408px;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:9408px;left:266.72px;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:9408px;left:548.15px;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:9408px;left:811.83px;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:9408px;left:1368.78px;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:9408px;left:1561.26px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9408px;left:1842.7px;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:9408px;left:2035.17px;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:9408px;left:2915px;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:9408px;left:3134.36px;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:9408px;left:3409.88px;letter-spacing:-1.84px;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:9408px;left:3889.87px;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:9408px;left:4171.31px;white-space:nowrap">example,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9408px;left:4870.82px;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:9408px;left:5511.3px;letter-spacing:-0.29px;white-space:nowrap">refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9408px;left:6243.13px;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:9408px;left:6841.85px;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:9408px;left:7058.33px;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:9408px;left:7508.56px;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:9408px;left:7701.04px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9408px;left:8397.67px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9408px;left:8779.75px;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:9408px;left:8960.38px;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:9408px;left:9395.73px;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:9600px;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:9600px;left:574.39px;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:9600px;left:1009.75px;letter-spacing:-0.48px;white-space:nowrap">restructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:1815.18px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:2197.25px;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:9600px;left:2389.73px;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:9600px;left:3017.88px;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:9600px;left:3379.64px;text-rendering:optimizeLegibility;white-space:nowrap">flow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:3720.43px;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:9600px;left:3912.91px;white-space:nowrap">eliminate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:4611.94px;letter-spacing:-0.24px;white-space:nowrap">restrictive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:5343.12px;white-space:nowrap">covenants
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:6107.92px;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:9600px;left:6279.75px;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:9600px;left:6555.27px;letter-spacing:-0.29px;white-space:nowrap">indenture
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:7284.06px;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:9600px;left:7476.54px;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:9600px;left:7900.05px;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:9600px;left:8673.32px;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:9600px;left:9475.87px;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:9600px;left:9715.71px;letter-spacing:-0.36px;white-space:nowrap">the&#160;
pre-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:0px;letter-spacing:-0.15px;white-space:nowrap">refunded&#160;municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:1425.27px;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:9792px;left:2177.58px;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:9792px;left:2885.89px;white-space:nowrap">except
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:3413.4px;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:9792px;left:3653.23px;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:9792px;left:3780.75px;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:9792px;left:4350.03px;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:9792px;left:4521.87px;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:9792px;left:4797.39px;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:9792px;left:5414.03px;letter-spacing:-0.41px;white-space:nowrap">source
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:5926.82px;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:9792px;left:6300.1px;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:9792px;left:6753.53px;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:9792px;left:7410.96px;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:9792px;left:7725.2px;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:9792px;left:8299.59px;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:9792px;left:9037.5px;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:9792px;left:9304.22px;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:9792px;left:9799.26px;letter-spacing:-0.36px;white-space:nowrap">the&#160;
pre-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:0px;letter-spacing:-0.15px;white-space:nowrap">refunded&#160;municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:1425.27px;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:9984px;left:2133.1px;letter-spacing:-0.41px;white-space:nowrap">remain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:2663.49px;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:9984px;left:3561.08px;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:9984px;left:3789.4px;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:9984px;left:4156.43px;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:9984px;left:4733.86px;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:9984px;left:5180.89px;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:9984px;left:5533.21px;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:9984px;left:5885.84px;letter-spacing:-0.41px;white-space:nowrap">mature
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:6430.96px;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:9984px;left:6623.43px;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:9984px;left:6890.15px;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:9984px;left:7672.55px;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:9984px;left:7891.9px;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:9984px;left:8167.42px;letter-spacing:-2.1px;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:10320px;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:10320px;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:10320px;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:10320px;left:1064.31px;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:10320px;left:1523.51px;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:10320px;left:1695.35px;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:10320px;left:2231.34px;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:10320px;left:2773.25px;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:10320px;left:3309.72px;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:10320px;left:3839.79px;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:10320px;left:4381.7px;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:10320px;left:4918.18px;letter-spacing:0.32px;white-space:nowrap">formerly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10320px;left:5554.8px;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:10320px;left:6164.88px;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:10320px;left:6357.35px;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:10320px;left:6553.03px;white-space:nowrap">industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10320px;left:7245.82px;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:10320px;left:8241.49px;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:10320px;left:8777.96px;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:10320px;left:9044.68px;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:10320px;left:9539.56px;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:10320px;left:9758.91px;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:10320px;left:9951.39px;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:10320px;left:10179.71px;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:10512px;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:10512px;left:186.72px;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:10512px;left:669.59px;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:10512px;left:1463.18px;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:10512px;left:1655.65px;white-space:nowrap">obtain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10512px;left:2156.28px;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:10512px;left:2591.96px;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:10512px;left:2784.44px;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:10512px;left:3374.03px;white-space:nowrap">privately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10512px;left:4025.54px;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:10512px;left:4727.61px;white-space:nowrap">housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10512px;left:5338.16px;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:10512px;left:5998.47px;white-space:nowrap">airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10512px;left:6560.86px;white-space:nowrap">mass
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10512px;left:6961.01px;white-space:nowrap">transit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10512px;left:7443.4px;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:10512px;left:7635.88px;white-space:nowrap">port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10512px;left:7979.23px;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:10512px;left:8639.54px;white-space:nowrap">sewage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10512px;left:9226.41px;white-space:nowrap">disposal,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10512px;left:9901.92px;white-space:nowrap">solid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:0px;white-space:nowrap">waste
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:453.27px;white-space:nowrap">disposal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:1084.3px;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:10704px;left:1276.78px;letter-spacing:-0.29px;white-space:nowrap">hazardous
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:2044.45px;white-space:nowrap">waste
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:2497.73px;letter-spacing:-0.29px;white-space:nowrap">treatment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:3238.04px;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:10704px;left:3430.51px;white-space:nowrap">disposal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:4061.54px;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:10704px;left:4677.37px;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:10704px;left:4991.61px;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:10704px;left:5518.8px;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:10704px;left:5895.11px;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:10704px;left:6510.94px;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:10704px;left:6750.78px;white-space:nowrap">water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:7189.01px;letter-spacing:-1.84px;white-space:nowrap">supply,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:7731.4px;white-space:nowrap">gas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:8024.84px;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:10704px;left:8217.32px;letter-spacing:-1.13px;white-space:nowrap">electricity.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:8975.38px;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:10704px;left:9437.46px;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:10704px;left:9867.05px;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:10704px;left:10053.77px;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:10896px;left:0px;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:10896px;left:541.91px;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:10896px;left:1078.38px;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:10896px;left:1353.9px;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:10896px;left:2062.21px;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:10896px;left:2248.93px;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:10896px;left:2702.37px;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:10896px;left:2969.08px;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:10896px;left:3357.4px;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:10896px;left:3597.24px;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:10896px;left:3872.75px;white-space:nowrap">construction,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10896px;left:4838.5px;white-space:nowrap">equipment,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10896px;left:5706.65px;letter-spacing:-0.41px;white-space:nowrap">repair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10896px;left:6162.64px;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:10896px;left:6355.12px;letter-spacing:-0.24px;white-space:nowrap">improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10896px;left:7350.63px;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:10896px;left:7537.34px;white-space:nowrap">privately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10896px;left:8188.85px;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:10896px;left:8890.92px;white-space:nowrap">industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10896px;left:9583.71px;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:10896px;left:9776.19px;letter-spacing:-0.26px;white-space:nowrap">commercial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11088px;left:0px;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:11088px;left:660.31px;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:11088px;left:1001.26px;white-space:nowrap">constitute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11088px;left:1750.53px;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:11088px;left:2482.36px;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:11088px;left:3234.67px;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:11088px;left:3913.23px;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:11088px;left:4188.74px;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:11088px;left:4733.7px;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:11088px;left:5275.77px;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:11088px;left:5533.53px;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:11088px;left:5883.12px;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:11088px;left:6312.88px;white-space:nowrap">substantial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11088px;left:7118.46px;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:11088px;left:7894.13px;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:11088px;left:8122.45px;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:11088px;left:8397.96px;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:11088px;left:8706.12px;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:11088px;left:8892.84px;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:11088px;left:9260.52px;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:11088px;left:9770.27px;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:11088px;left:10084.51px;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:11280px;left:0px;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:11280px;left:923.66px;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:11280px;left:1110.38px;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:11280px;left:1314.53px;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:11280px;left:1888.93px;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:11280px;left:2458.04px;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:11280px;left:2831.31px;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:11280px;left:3367.3px;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:11280px;left:3909.21px;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:11280px;left:4401.21px;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:11280px;left:4742.17px;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:11280px;left:5299.12px;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:11280px;left:5826.31px;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:11280px;left:6501.66px;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:11280px;left:6694.14px;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:11280px;left:6969.65px;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:11280px;left:7511.73px;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:11280px;left:8305.31px;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:11280px;left:9013.46px;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:11280px;left:9271.22px;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:11280px;left:10056.33px;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:11472px;left:0px;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:11472px;left:844.31px;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:11472px;left:1552.62px;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:11472px;left:1828.14px;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:11472px;left:2237.26px;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:11472px;left:2512.45px;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:11472px;left:2856.28px;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:11472px;left:3315.48px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11472px;left:3487.32px;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:11472px;left:4023.31px;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:11472px;left:4565.22px;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:11472px;left:5057.21px;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:11472px;left:5379.93px;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:11472px;left:5646.65px;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:11472px;left:5928.08px;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:11472px;left:6485.03px;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:11472px;left:6677.51px;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:11472px;left:6953.03px;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:11472px;left:7495.1px;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:11472px;left:8288.69px;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:11472px;left:8996.84px;white-space:nowrap">tax.</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">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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Shareholder
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1871.68px;white-space:nowrap">Update
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:2984.16px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4235.41px;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">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">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;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:0px;left:1064.31px;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:0px;left:1523.51px;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:0px;left:1695.35px;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:2243.5px;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:0px;left:2830.05px;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:0px;left:3152.77px;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:0px;left:3860.6px;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:0px;left:4355.47px;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:0px;left:4574.83px;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:0px;left:4702.35px;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:0px;left:5072.91px;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:5478.34px;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:5753.85px;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:6328.25px;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:6650.96px;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:0px;left:6879.28px;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:7332.71px;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:0px;left:7785.99px;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:0px;left:8449.66px;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:8790.13px;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:0px;left:9065.65px;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:0px;left:9794.28px;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:192px;left:0px;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:669.75px;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:192px;left:1280.15px;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:192px;left:2139.49px;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:192px;left:2929.88px;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:192px;left:3297.07px;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:192px;left:3750.51px;letter-spacing:-0.41px;white-space:nowrap">resets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4212.58px;letter-spacing:-1.84px;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:192px;left:4772.9px;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:192px;left:4965.37px;white-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:5092.89px;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:192px;left:5593.2px;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:192px;left:6383.58px;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:192px;left:6750.78px;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:192px;left:7065.02px;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:192px;left:7216.05px;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:192px;left:7850.29px;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:192px;left:8069.65px;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:192px;left:8345.17px;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:192px;left:9056.68px;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:192px;left:9601.64px;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:192px;left:9794.11px;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:192px;left:10069.63px;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:0px;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:405.43px;letter-spacing:-2.95px;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:384px;left:1081.1px;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:384px;left:1629.26px;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:384px;left:2215.81px;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:384px;left:2538.52px;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:384px;left:3246.35px;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:384px;left:3966.19px;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:384px;left:4698.18px;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:384px;left:5340.73px;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:5512.57px;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:384px;left:5640.09px;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:384px;left:6176.4px;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:384px;left:6810.47px;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:7171.43px;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:384px;left:8030.77px;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:384px;left:8498.93px;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:384px;left:8626.45px;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:8997px;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:9399.56px;letter-spacing:0.41px;white-space:nowrap">formed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:9965.31px;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:384px;left:10184.66px;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:576px;left:0px;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:576px;left:372.95px;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:576px;left:781.59px;white-space:nowrap">sponsor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1391.98px;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:576px;left:1631.81px;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:576px;left:1907.33px;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:576px;left:2541.4px;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:576px;left:2728.12px;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:576px;left:3317.71px;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:576px;left:4049.54px;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:576px;left:4586.02px;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:5138.01px;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:576px;left:5724.56px;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:6047.28px;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:576px;left:6755.1px;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:7096.06px;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:576px;left:7724.38px;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:576px;left:7916.85px;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:576px;left:8604.53px;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:576px;left:8776.37px;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:576px;left:9197.32px;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:9377.96px;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:576px;left:9505.48px;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:576px;left:10065.15px;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: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">underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:1436.95px;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:768px;left:2011.34px;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:2334.05px;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:768px;left:2562.37px;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:768px;left:2837.89px;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:768px;left:3569.72px;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:768px;left:3993.55px;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:768px;left:4352.11px;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:768px;left:4571.47px;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:768px;left:4846.99px;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:768px;left:5217.54px;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:768px;left:5622.98px;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:768px;left:6076.41px;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:768px;left:6840.88px;white-space:nowrap">leverages
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:7569.83px;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:768px;left:7845.35px;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:768px;left:8346.47px;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:1104px;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:1104px;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:1104px;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:1104px;left:1064.31px;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:1104px;left:1523.51px;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:1104px;left:1695.35px;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:1104px;left:2281.9px;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:1104px;left:2604.61px;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:1104px;left:3312.44px;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:1104px;left:3807.32px;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:1104px;left:4026.67px;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:1104px;left:4562.99px;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:1104px;left:5197.06px;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:1104px;left:5670.65px;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:1104px;left:6298.64px;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:1104px;left:6621.36px;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:1104px;left:7329.19px;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:1104px;left:7670.14px;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:1104px;left:8016.86px;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:8292.38px;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:1104px;left:8671.41px;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:1104px;left:8858.13px;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:1104px;left:9648.51px;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:1104px;left:10235.06px;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:1296px;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:1296px;left:707.83px;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:1296px;left:900.31px;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:1296px;left:1175.82px;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:1296px;left:1688.29px;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:1296px;left:2203.65px;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:1296px;left:2544.6px;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:1296px;left:2775.8px;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:1296px;left:3696.91px;letter-spacing:-1.84px;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:1296px;left:4233.22px;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:1296px;left:4988.89px;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:1296px;left:5264.41px;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:5838.8px;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:1296px;left:6161.52px;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:6709.67px;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:1296px;left:6984.87px;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:1296px;left:7216.06px;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:1296px;left:7696.22px;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:1296px;left:8111.26px;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:1296px;left:8386.77px;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:8922.93px;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:1296px;left:9313.8px;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:1296px;left:9553.64px;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:1488px;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:1488px;left:707.83px;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:1488px;left:1048.3px;white-space:nowrap">maturities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:1794.37px;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:1488px;left:1986.85px;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:1488px;left:2887.31px;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:1488px;left:3648.74px;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:1488px;left:3971.46px;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:1488px;left:4238.18px;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:1488px;left:5133.04px;white-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:5304.88px;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:1488px;left:5947.59px;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:1488px;left:6140.07px;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:1488px;left:6415.59px;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:1488px;left:7046.46px;white-space:nowrap">interval
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:7612.05px;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:1488px;left:7798.76px;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:1488px;left:8074.28px;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:1488px;left:8589.63px;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:1488px;left:9146.58px;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:1488px;left:9600.02px;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:1488px;left:9940.98px;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:1488px;left:10275.85px;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:1680px;left:0px;letter-spacing:-1.84px;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:1680px;left:560.31px;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:1680px;left:752.79px;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:1680px;left:1404.78px;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:1680px;left:1597.26px;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:1680px;left:2323.33px;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:1680px;left:2906.84px;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:1680px;left:3093.56px;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:1680px;left:3410.84px;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:1680px;left:3757.55px;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:1680px;left:3950.03px;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:1680px;left:4574.82px;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:1680px;left:5034.17px;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:1680px;left:5461.05px;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:1680px;left:5736.57px;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:1680px;left:6249.04px;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:1680px;left:6794.16px;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:1680px;left:7078.79px;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:1680px;left:7206.31px;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:1680px;left:7751.1px;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:1680px;left:8129.98px;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:1680px;left:8488.53px;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:1680px;left:8764.05px;text-rendering:optimizeLegibility;white-space:nowrap">final
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:9104.85px;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:1680px;left:9732.51px;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:1680px;left:9924.99px;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:1680px;left:10229.78px;white-space:nowrap">call
</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">date
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:367.36px;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:1872px;left:554.07px;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:1872px;left:829.59px;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:1872px;left:1632.46px;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:1872px;left:2056.3px;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:1872px;left:2826.53px;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:1872px;left:2998.36px;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:1872px;left:3273.88px;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:1872px;left:3679.31px;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:1872px;left:3954.83px;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:1872px;left:4363.95px;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:1872px;left:4559.63px;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:1872px;left:4835.15px;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:1872px;left:5341.7px;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:1872px;left:5528.42px;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:1872px;left:5803.93px;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:1872px;left:6390.48px;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:1872px;left:6713.2px;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:1872px;left:7302.63px;letter-spacing:-0.41px;white-space:nowrap">relies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:7720.22px;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:1872px;left:8135.26px;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:1872px;left:8410.78px;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:1872px;left:8857.81px;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:1872px;left:9044.53px;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:1872px;left:9320.04px;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:1872px;left:10140.84px;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:2064px;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:2064px;left:275.52px;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:2064px;left:903.83px;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:2064px;left:1652.78px;letter-spacing:0.26px;white-space:nowrap">furnishing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:2399.17px;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:2064px;left:2674.68px;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:2064px;left:3187.15px;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:2064px;left:3382.83px;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:2064px;left:3708.59px;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:2064px;left:3904.27px;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:2064px;left:4179.78px;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:2064px;left:4629.86px;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:2064px;left:5263.61px;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:2064px;left:5450.32px;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:2064px;left:5773.04px;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:2064px;left:6566.46px;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:2064px;left:6788.86px;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:2064px;left:7306.93px;white-space:nowrap">assurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:8050.93px;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:2064px;left:8237.64px;letter-spacing:-1.34px;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:2064px;left:8880.19px;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:2064px;left:9155.71px;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:2064px;left:9602.74px;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:2064px;left:9789.46px;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:2064px;left:10064.98px;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:2256px;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:2256px;left:589.59px;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:2256px;left:829.43px;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:2256px;left:956.95px;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:2256px;left:1759.49px;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:2256px;left:1946.21px;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:2256px;left:2221.73px;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:2256px;left:2953.56px;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:3542.99px;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:2256px;left:4313.22px;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:2256px;left:4485.06px;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:2256px;left:4760.57px;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:2256px;left:5121.53px;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:2256px;left:5435.76px;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:2256px;left:5711.28px;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:2256px;left:6546.63px;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:2256px;left:6733.34px;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:2256px;left:7008.86px;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:2256px;left:7717.18px;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:2256px;left:7909.65px;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:2256px;left:8212.05px;letter-spacing:-0.72px;white-space:nowrap">off
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:8443.24px;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:2256px;left:8718.76px;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:2256px;left:9305.31px;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:2256px;left:9628.03px;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:2256px;left:10247.22px;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:2448px;left:0px;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:2448px;left:429.11px;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:2448px;left:751.83px;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:1018.54px;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:2448px;left:1771.18px;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:2448px;left:1963.65px;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:2448px;left:2360.77px;text-rendering:optimizeLegibility;letter-spacing:0.12px;white-space:nowrap">both&#160;short-term&#160;
floating </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:4116.9px;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:2448px;left:4439.61px;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:2448px;left:5147.44px;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:2448px;left:5461.68px;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:2448px;left:6009.83px;text-rendering:optimizeLegibility;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:2448px;left:6581.5px;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:2448px;left:7280.7px;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:2448px;left:7843.73px;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:2448px;left:8646.28px;white-space:nowrap">triggers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:9241.15px;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:2448px;left:9433.62px;letter-spacing:-0.36px;white-space:nowrap">protect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:9993.29px;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:2640px;left:0px;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:2640px;left:607.19px;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:2640px;left:779.03px;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:2640px;left:1054.55px;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:2640px;left:1641.1px;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:2640px;left:1963.81px;letter-spacing:-1.64px;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: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">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;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:2976px;left:1064.31px;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:2976px;left:1523.51px;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:2976px;left:1695.35px;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:2976px;left:2427.18px;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:2976px;left:3135.01px;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:2976px;left:3629.88px;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:2976px;left:3849.24px;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:4385.55px;white-space:nowrap">taxing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:4868.43px;white-space:nowrap">districts.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:5504.73px;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:6061.85px;white-space:nowrap">taxing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:6544.72px;white-space:nowrap">districts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:7136.55px;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:2976px;left:7403.27px;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:2976px;left:8155.9px;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:2976px;left:8348.37px;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:2976px;left:8701.01px;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:2976px;left:9015.25px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:9572.69px;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:3168px;left:0px;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:3168px;left:1063.83px;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:3168px;left:1256.3px;white-space:nowrap">induce
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:1780.94px;letter-spacing:-0.22px;white-space:nowrap">residential,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:2604.29px;letter-spacing:-0.26px;white-space:nowrap">commercial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:3469.56px;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:3168px;left:3783.8px;white-space:nowrap">industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:4476.58px;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:3168px;left:5021.54px;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:3168px;left:5335.77px;letter-spacing:-0.19px;white-space:nowrap">redevelopment.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:6515.12px;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:3168px;left:6829.36px;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:7253.2px;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:3168px;left:7946.79px;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:3168px;left:8619.42px;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:3168px;left:8987.1px;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:3168px;left:9182.78px;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:3168px;left:9440.53px;letter-spacing:-0.29px;white-space:nowrap">increment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">finance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:601.92px;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:3360px;left:859.67px;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:3360px;left:1760.63px;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:3360px;left:2296.94px;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:3360px;left:2901.41px;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:3360px;left:3425.08px;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:3360px;left:3739.32px;white-space:nowrap">Mello-Roos
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:4592.9px;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:3360px;left:5129.38px;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:5396.1px;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:3360px;left:6095.29px;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:3360px;left:6705.84px;white-space:nowrap">solely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:7156.24px;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:3360px;left:7529.51px;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:3360px;left:7944.38px;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:3360px;left:8136.86px;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:8560.37px;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:3360px;left:9245.17px;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:3360px;left:10118.44px;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:3360px;left:10310.91px;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:3552px;left:0px;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:3552px;left:577.91px;letter-spacing:-0.32px;white-space:nowrap">projects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:1191.02px;text-rendering:optimizeLegibility;white-space:nowrap">financed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:1846.22px;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:3552px;left:2065.58px;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:3552px;left:2341.09px;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:3552px;left:2833.09px;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:3552px;left:3410.52px;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:3552px;left:4065.39px;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:3552px;left:4257.87px;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:3552px;left:4533.38px;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:3552px;left:4983.46px;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:3552px;left:5175.93px;white-space:nowrap">taxing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:5658.81px;white-space:nowrap">power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:6153.52px;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:3552px;left:6340.23px;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:3552px;left:6885.19px;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:3552px;left:7077.66px;white-space:nowrap">overlapping
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:7978.29px;white-space:nowrap">municipalities.
</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">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;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:3888px;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:3888px;left:1064.31px;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:3888px;left:1523.51px;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:3888px;left:1695.35px;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:3888px;left:2042.06px;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:3888px;left:2629.1px;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:3888px;left:3165.57px;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:3888px;left:3319.81px;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:3888px;left:3666.53px;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:3888px;left:4253.56px;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:3888px;left:4677.4px;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:3888px;left:4828.43px;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:3888px;left:4955.95px;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:3888px;left:5379.79px;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:3888px;left:5702.5px;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:3888px;left:6327.45px;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:3888px;left:6721.69px;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:3888px;left:7003.12px;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:3888px;left:7305.52px;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:3888px;left:7879.91px;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:8119.75px;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:3888px;left:8395.26px;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:3888px;left:8848.38px;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:3888px;left:9105.97px;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:3888px;left:9292.69px;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:3888px;left:9568.21px;white-space:nowrap">obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:10338.27px;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:4080px;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:4080px;left:239.83px;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:4080px;left:456.31px;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:4080px;left:879.5px;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:4080px;left:1394.86px;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:4080px;left:1764.93px;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:4080px;left:2040.45px;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:4080px;left:2686.68px;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:4080px;left:2873.4px;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:4080px;left:3148.92px;white-space:nowrap">obligation.</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">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;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:4416px;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:4416px;left:1064.31px;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:4416px;left:1523.19px;letter-spacing:-0.26px;white-space:nowrap">structured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:2287.18px;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:4416px;left:2725.73px;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:4416px;left:3039.97px;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:4416px;left:3540.28px;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:4416px;left:4410.99px;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:4416px;left:4650.82px;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:4416px;left:5477.37px;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:4416px;left:6179.6px;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:4416px;left:6493.84px;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:4416px;left:6822.8px;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:4416px;left:7062.63px;white-space:nowrap">hedging
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:7705.66px;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:4416px;left:8452.38px;letter-spacing:-0.26px;white-space:nowrap">Structured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:9237.17px;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:4416px;left:9675.72px;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:4416px;left:9942.44px;white-space:nowrap">privately
</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">negotiated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:829.43px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:1211.5px;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:4608px;left:2049.73px;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:4608px;left:2526.85px;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:4608px;left:2802.36px;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:4608px;left:3459.79px;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:4608px;left:3981.23px;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:4608px;left:4555.62px;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:4608px;left:4706.66px;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:4608px;left:5586.32px;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:4608px;left:5805.68px;letter-spacing:-0.58px;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:4608px;left:6519.92px;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:4608px;left:6712.39px;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:4608px;left:6987.91px;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:7944.86px;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:4608px;left:8131.57px;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:4608px;left:8259.09px;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:9094.92px;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:4608px;left:9545.32px;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:4608px;left:10081.47px;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:4800px;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:4800px;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:4800px;left:897.11px;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:4800px;left:1155.19px;white-space:nowrap">&#8220;embedded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:2076.94px;white-space:nowrap">index&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:2681.73px;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:4800px;left:3049.41px;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:4800px;left:3245.09px;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:4800px;left:3891px;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:4800px;left:4643.31px;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:4800px;left:4859.79px;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:4800px;left:5295.47px;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:4800px;left:5482.19px;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:4800px;left:6190.01px;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:4800px;left:6382.49px;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:4800px;left:7070px;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:4800px;left:7644.39px;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:4800px;left:8079.75px;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:4800px;left:8272.22px;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:4800px;left:8547.74px;letter-spacing:-0.44px;white-space:nowrap">differential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:9350.29px;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:10307.24px;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:4992px;left:0px;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:4992px;left:307.99px;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:4992px;left:782.07px;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:4992px;left:974.54px;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: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">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;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:5328px;left:1064.31px;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:5328px;left:1523.51px;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:5328px;left:1695.35px;white-space:nowrap">illiquid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:2216.3px;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:5328px;left:2924.13px;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:5328px;left:3271px;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:5328px;left:3978.83px;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:5328px;left:4301.55px;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:5328px;left:4568.27px;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:4849.7px;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:5328px;left:5368.1px;white-space:nowrap">marketable),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:6298.48px;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:5328px;left:7042.16px;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:5328px;left:7326.47px;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:5328px;left:7607.91px;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:5328px;left:8143.74px;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:5328px;left:8380.69px;letter-spacing:-0.26px;white-space:nowrap">restricted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:9094.12px;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:5328px;left:9801.95px;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:5520px;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:5520px;left:275.52px;white-space:nowrap">disposition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:1098.86px;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:5520px;left:1285.58px;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:5520px;left:1739.01px;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:5520px;left:1890.05px;letter-spacing:-0.26px;white-space:nowrap">restricted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:2603.48px;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:5520px;left:3065.72px;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:5520px;left:3341.23px;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:5520px;left:3883.31px;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:5520px;left:4591.14px;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:5520px;left:5026.81px;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:5520px;left:5734.64px;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:6057.35px;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:5520px;left:6398.31px;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:5520px;left:6629.51px;letter-spacing:-0.41px;white-space:nowrap">resold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:7112.38px;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:5520px;left:7456.22px;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:5520px;left:8122.77px;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:5520px;left:8315.25px;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:5520px;left:8670.92px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:9092.04px;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:5520px;left:9554.28px;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:5520px;left:9829.79px;white-space:nowrap">1933
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:10230.11px;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:5712px;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:5712px;left:314.24px;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:5712px;left:1141.11px;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:2030.07px;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:5712px;left:2370.54px;white-space:nowrap">maturities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:3116.61px;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:5712px;left:3288.44px;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:5712px;left:3801.4px;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:3988.12px;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:5712px;left:4444.76px;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:6048px;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:6048px;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:6048px;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:6048px;left:1064.31px;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:6048px;left:1481.91px;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:6048px;left:1801.74px;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:6048px;left:2328.94px;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:6048px;left:3069.4px;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:6048px;left:3940.11px;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:6048px;left:4111.95px;white-space:nowrap">pursuit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6048px;left:4644.9px;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:6048px;left:4831.62px;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:6048px;left:5035.77px;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:6048px;left:5862.32px;white-space:nowrap">objectives,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6048px;left:6674.15px;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:6048px;left:7373.34px;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:6048px;left:7565.82px;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:6048px;left:7933.5px;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:6048px;left:8125.97px;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:6048px;left:8775.41px;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:6048px;left:9290.61px;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:6048px;left:9483.08px;white-space:nowrap">hedge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6048px;left:9989.96px;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:6240px;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:6240px;left:349.43px;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:6240px;left:536.15px;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:6240px;left:740.31px;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:6240px;left:1635.01px;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:6240px;left:1806.85px;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:6240px;left:2538.68px;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:6240px;left:3246.51px;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:6240px;left:3438.99px;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:6240px;left:3634.67px;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:6240px;left:3762.19px;white-space:nowrap">substitute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6240px;left:4505.38px;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:6240px;left:4745.21px;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:6240px;left:4872.73px;white-space:nowrap">position
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6240px;left:5491.76px;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:6240px;left:5663.6px;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:6240px;left:5939.11px;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:6240px;left:6741.98px;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:6240px;left:7192.38px;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:6240px;left:7580.86px;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:6240px;left:8451.57px;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:6240px;left:9014.6px;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:6240px;left:9642.92px;letter-spacing:-0.36px;white-space:nowrap">futures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6432px;left:0px;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:6432px;left:737.59px;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:6432px;left:1146.54px;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:6432px;left:1839.65px;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:6432px;left:2580.44px;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:6432px;left:3154.83px;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:6432px;left:3477.55px;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:6432px;left:3999.14px;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:6432px;left:4449.22px;white-space:nowrap">default
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6432px;left:4991.29px;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:6432px;left:5468.4px;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:6432px;left:5782.64px;white-space:nowrap">MMD
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6432px;left:6230.48px;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:6432px;left:6594.96px;white-space:nowrap">Locks),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6432px;left:7122.79px;white-space:nowrap">options
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6432px;left:7703.42px;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:6432px;left:7931.74px;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:6432px;left:8560.05px;letter-spacing:-0.32px;white-space:nowrap">futures,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6432px;left:9134.77px;white-space:nowrap">options
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6432px;left:9715.4px;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:6432px;left:9943.71px;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:6624px;left:0px;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:6624px;left:693.11px;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:6624px;left:885.58px;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:6624px;left:1309.1px;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:6624px;left:2049.57px;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:6960px;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:6960px;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:6960px;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:6960px;left:1064.31px;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:6960px;left:1751.99px;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:6960px;left:2066.23px;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:6960px;left:2344.62px;white-space:nowrap">MMD
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:2792.46px;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:6960px;left:3156.94px;white-space:nowrap">Locks.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:3643.17px;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:6960px;left:3886.37px;white-space:nowrap">MMD
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:4334.21px;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:6960px;left:4698.69px;white-space:nowrap">Lock
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:5072.28px;letter-spacing:0.36px;white-space:nowrap">permits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:5655.47px;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:6960px;left:5930.99px;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:6960px;left:6340.11px;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:6960px;left:6532.58px;white-space:nowrap">lock
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:6864.58px;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:6960px;left:7036.42px;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:6960px;left:7163.94px;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:6960px;left:7851.45px;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:6960px;left:8583.28px;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:6960px;left:9157.67px;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:6960px;left:9480.39px;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:6960px;left:9720.22px;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:6960px;left:9847.74px;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:6960px;left:10413.33px;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:7152px;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:7152px;left:204.16px;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:7152px;left:861.42px;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:7152px;left:1053.89px;letter-spacing:-0.32px;white-space:nowrap">preserve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7152px;left:1711.65px;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:7152px;left:1839.17px;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:7152px;left:2309.88px;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:7152px;left:2538.2px;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:7152px;left:2665.72px;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:7152px;left:3376.26px;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:7152px;left:4202.81px;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:7152px;left:4395.29px;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:7152px;left:4522.81px;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:7152px;left:5088.4px;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:7152px;left:5275.11px;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:7152px;left:5479.27px;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:7152px;left:6136.53px;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:7152px;left:6332.21px;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:7152px;left:6459.73px;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:7152px;left:7102.44px;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:7152px;left:8092.35px;white-space:nowrap">technique
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7152px;left:8848.03px;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:7152px;left:9040.5px;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:7152px;left:9232.98px;letter-spacing:-0.36px;white-space:nowrap">protect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7152px;left:9792.65px;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:7152px;left:10349.6px;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:7344px;left:0px;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:7344px;left:628.32px;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:7344px;left:800.15px;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:7344px;left:1075.67px;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:7344px;left:1475.51px;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:7344px;left:1662.22px;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:7344px;left:2370.05px;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:7344px;left:2562.53px;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:7344px;left:2793.73px;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:7344px;left:3579.16px;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:7344px;left:3759.8px;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:7344px;left:3887.32px;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:7344px;left:4248.43px;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:7344px;left:4660.27px;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:7344px;left:4882.66px;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:7344px;left:5309.38px;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:7344px;left:5525.86px;white-space:nowrap">MMD
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7344px;left:5973.7px;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:7344px;left:6338.17px;white-space:nowrap">Lock,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7344px;left:6756.25px;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:7344px;left:7031.77px;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:7344px;left:7440.89px;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:7344px;left:7734.48px;letter-spacing:-0.41px;white-space:nowrap">create
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7344px;left:8220.4px;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:7344px;left:8347.92px;white-space:nowrap">synthetic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7344px;left:9026.31px;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:7344px;left:9390.79px;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:7344px;left:9583.26px;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:7344px;left:9985.97px;white-space:nowrap">position,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7536px;left:0px;white-space:nowrap">allowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7536px;left:639.83px;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:7536px;left:915.35px;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:7536px;left:1324.47px;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:7536px;left:1516.94px;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:7536px;left:1976.14px;white-space:nowrap">what
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7536px;left:2361.25px;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:7536px;left:2636.77px;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:7536px;left:3312.44px;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:7536px;left:3943.64px;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:7536px;left:4094.67px;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:7536px;left:4311.15px;white-space:nowrap">attractive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7536px;left:5015.78px;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:7536px;left:5347.29px;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:7536px;left:5534.01px;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:7536px;left:5809.53px;white-space:nowrap">yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7536px;left:6194.64px;white-space:nowrap">curve.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7536px;left:6668.88px;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:7536px;left:6983.12px;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:7536px;left:7392.23px;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:7536px;left:7667.43px;letter-spacing:-0.26px;white-space:nowrap">ordinarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7536px;left:8372.21px;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:7536px;left:8662.77px;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:7536px;left:9095.41px;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:7536px;left:9989.96px;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:7536px;left:10185.63px;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:7728px;left:0px;white-space:nowrap">hedge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:506.88px;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:7728px;left:699.35px;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:7728px;left:939.19px;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:7728px;left:1581.9px;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:7728px;left:1774.37px;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:7728px;left:2055.65px;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:7728px;left:3045.56px;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:7728px;left:3724.11px;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:7728px;left:3860.11px;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:7728px;left:4011.15px;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:7728px;left:4766.01px;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:7728px;left:4958.49px;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:7728px;left:5376.08px;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:7728px;left:5695.92px;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:7728px;left:6107.75px;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:7728px;left:6300.23px;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:7728px;left:6949.67px;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:7728px;left:7518.78px;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:7728px;left:7711.25px;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:7728px;left:8063.89px;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:7728px;left:8256.37px;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:7728px;left:8448.84px;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:7728px;left:9077.16px;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:7728px;left:9352.68px;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:7728px;left:9853.79px;white-space:nowrap">yield,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:10283.39px;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:7920px;left:0px;white-space:nowrap">example,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:699.51px;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:7920px;left:1208.95px;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:7920px;left:1792.46px;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:7920px;left:1979.17px;white-space:nowrap">steep
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:2420.61px;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:7920px;left:2995px;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:7920px;left:3317.72px;white-space:nowrap">yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:3702.83px;white-space:nowrap">curves
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:4200.75px;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:7920px;left:4547.62px;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:7920px;left:4932.74px;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:7920px;left:5756.57px;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:7920px;left:6423.29px;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:7920px;left:6826px;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:7920px;left:7204.87px;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:7920px;left:7519.11px;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:7920px;left:7883.58px;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:7920px;left:8262.46px;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:7920px;left:8836.85px;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:8256px;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:8256px;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:8256px;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:8256px;left:1064.31px;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:8256px;left:1393.27px;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:8256px;left:1852.46px;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:8256px;left:2024.3px;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:8256px;left:2732.13px;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:8256px;left:2918.85px;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:8256px;left:3342.36px;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:8256px;left:3810.68px;white-space:nowrap">or&#160;closed-end&#160;investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8256px;left:5668.41px;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:8256px;left:6486.48px;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:8256px;left:7227.28px;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:8256px;left:7657.19px;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:8256px;left:7979.9px;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:8256px;left:8439.1px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8256px;left:9099.25px;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:8256px;left:9271.08px;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:8448px;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:8448px;left:707.83px;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:8448px;left:894.55px;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:8448px;left:1170.06px;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:8448px;left:1599.66px;white-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:1771.5px;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:8448px;left:2224.93px;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:8448px;left:2500.45px;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:8448px;left:2909.57px;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:8448px;left:3250.52px;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:8448px;left:3709.72px;letter-spacing:-1.76px;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:8448px;left:4305.07px;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:8448px;left:4497.55px;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:8448px;left:4773.06px;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:8448px;left:5267.78px;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:8448px;left:6022.64px;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:8448px;left:6242px;white-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:6517.52px;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:8448px;left:6917.84px;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:8448px;left:7246.79px;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:8448px;left:7522.31px;white-space:nowrap">rules
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:7904.39px;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:8448px;left:8218.63px;letter-spacing:-0.24px;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:8448px;left:9053.97px;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:8448px;left:9548.85px;letter-spacing:-0.26px;white-space:nowrap">thereunder
</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">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:1099.35px;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:8640px;left:1890.54px;letter-spacing:-0.41px;white-space:nowrap">orders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:2388.13px;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:8640px;left:2883.01px;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:8640px;left:3102.37px;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:8640px;left:3377.88px;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:8640px;left:3763.32px;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:8640px;left:3939px;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:8640px;left:4620.27px;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:8640px;left:4895.79px;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:8640px;left:5304.9px;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:8640px;left:5645.86px;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:8640px;left:6105.06px;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:8640px;left:6232.58px;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:8640px;left:6798.16px;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:8640px;left:6984.88px;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:8640px;left:7189.04px;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:8640px;left:7915.43px;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:8640px;left:8416.23px;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:8640px;left:8588.06px;white-space:nowrap">pooled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:9145.18px;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:8640px;left:9971.73px;white-space:nowrap">vehicles
</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">(other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:465.11px;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:8832px;left:823.67px;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:8832px;left:1650.22px;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:8832px;left:2509.89px;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:8832px;left:2832.6px;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:8832px;left:3291.8px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:3951.95px;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:8832px;left:4123.78px;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:8832px;left:4855.62px;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:8832px;left:5563.44px;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:8832px;left:5750.16px;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:8832px;left:6025.68px;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:8832px;left:6455.27px;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:8832px;left:6627.11px;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:8832px;left:7080.55px;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:8832px;left:7356.06px;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:8832px;left:7765.18px;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:8832px;left:8106.14px;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:8832px;left:8565.33px;letter-spacing:-1.96px;white-space:nowrap">directly.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9158.4px;left:0px;white-space:nowrap">Use
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9158.4px;left:311.36px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9158.4px;left:498.07px;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:9504px;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:9504px;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:9504px;left:723.36px;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:9504px;left:1082.08px;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:9504px;left:1742.87px;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:9504px;left:1935.34px;white-space:nowrap">pursue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9504px;left:2465.74px;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:9504px;left:2669.9px;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:9504px;left:3496.45px;white-space:nowrap">objectives.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9504px;left:4308.27px;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:9504px;left:4622.51px;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:9504px;left:5031.63px;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:9504px;left:5372.59px;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:9504px;left:5663.15px;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:9504px;left:6323.94px;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:9504px;left:6516.42px;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:9504px;left:6791.93px;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:9504px;left:7286.65px;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:9504px;left:8041.51px;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:9504px;left:8260.87px;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:9504px;left:8536.39px;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:9504px;left:8936.71px;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:9504px;left:9265.66px;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:9504px;left:9579.9px;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:9504px;left:9989.02px;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:9696px;left:0px;letter-spacing:-0.41px;white-space:nowrap">source
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9696px;left:512.8px;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:9696px;left:1173.59px;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:9696px;left:1780.94px;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:9696px;left:1908.46px;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:9696px;left:2507.02px;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:9696px;left:2693.73px;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:9696px;left:3366.36px;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:9696px;left:4065.56px;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:9696px;left:4341.07px;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:9696px;left:4987.31px;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:9696px;left:5174.03px;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:9696px;left:5875.94px;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:9696px;left:6388.74px;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:9696px;left:6702.97px;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:9696px;left:7597.68px;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:9696px;left:7769.52px;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:9696px;left:8317.68px;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:9696px;left:8904.23px;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:9696px;left:9226.94px;white-space:nowrap">securities.&#160;The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9888px;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:9888px;left:409.12px;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:9888px;left:750.08px;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:9888px;left:1300.94px;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:9888px;left:2041.74px;letter-spacing:-0.36px;white-space:nowrap">reverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9888px;left:2601.73px;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:9888px;left:3428.61px;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:9888px;left:4359.16px;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:9888px;left:4732.43px;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:9888px;left:5191.95px;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:9888px;left:5431.78px;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:9888px;left:6213.69px;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:9888px;left:6406.16px;letter-spacing:-0.29px;white-space:nowrap">emergency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9888px;left:7245.04px;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:9888px;left:7991.75px;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:9888px;left:8184.23px;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:9888px;left:8376.7px;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:9888px;left:9203.58px;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:9888px;left:9407.73px;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:9888px;left:9944.21px;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:10080px;left:0px;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:10080px;left:681.27px;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:10080px;left:956.79px;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:10080px;left:1365.91px;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:10080px;left:1706.86px;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:10080px;left:2035.82px;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:10080px;left:2326.38px;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:10080px;left:2853.57px;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:10080px;left:3662.2px;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:10080px;left:3984.91px;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:10080px;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:10080px;left:4642.99px;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:10080px;left:5384.1px;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:10080px;left:5828.57px;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:10080px;left:6015.29px;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:10080px;left:6676.08px;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:10080px;left:6895.44px;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:10080px;left:7517.51px;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:10080px;left:8275.74px;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:10080px;left:9102.29px;letter-spacing:-0.29px;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:10080px;left:9846.29px;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:10272px;left:0px;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:10272px;left:589.75px;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:10272px;left:903.99px;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:10272px;left:1484.95px;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:10272px;left:1671.66px;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:10272px;left:2332.46px;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:10272px;left:2607.65px;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:10272px;left:2942.52px;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:10272px;left:3772.28px;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:10272px;left:4000.6px;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:10272px;left:4536.75px;white-space:nowrap">conditions.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:10598.4px;left:0px;letter-spacing:-1.78px;white-space:nowrap">Temporary
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:10598.4px;left:802.87px;white-space:nowrap">Defensive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:10598.4px;left:1552.78px;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:10944px;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:10944px;left:530.23px;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:10944px;left:1312.14px;white-space:nowrap">defensive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10944px;left:2041.25px;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:10944px;left:2624.77px;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:10944px;left:3031px;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:10944px;left:3460.44px;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:10944px;left:3931.79px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10944px;left:4103.63px;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:10944px;left:4379.15px;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:10944px;left:4880.27px;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:10944px;left:5706.82px;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:10944px;left:6349.85px;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:10944px;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:10944px;left:7146.8px;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:10944px;left:7647.92px;letter-spacing:-0.77px;white-space:nowrap">sub-adviser&#8217;s&#160;opinion,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10944px;left:9230.3px;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:11136px;left:0px;white-space:nowrap">imbalances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11136px;left:844.63px;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:11136px;left:1031.35px;white-space:nowrap">supply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11136px;left:1543.98px;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:11136px;left:1858.22px;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:11136px;left:2495.5px;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:11136px;left:2687.97px;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:11136px;left:3111.48px;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:11136px;left:3893.39px;white-space:nowrap">dislocations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11136px;left:4779.14px;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:11136px;left:4950.97px;white-space:nowrap">the&#160;tax-exempt&#160;bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11136px;left:6503.6px;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:11136px;left:7039.75px;white-space:nowrap">adversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11136px;left:7756.86px;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:11136px;left:8195.42px;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:11136px;left:8470.93px;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:11136px;left:8870.77px;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:11136px;left:9051.4px;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:11136px;left:9504.84px;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:11328px;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:11328px;left:192.48px;letter-spacing:0.32px;white-space:nowrap">intermediate-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:1536.61px;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:11328px;left:2268.44px;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:11328px;left:2976.27px;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:11328px;left:3242.99px;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:11328px;left:4001.7px;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:11328px;left:4277.22px;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:11328px;left:4686.34px;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:11328px;left:5027.29px;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:11328px;left:5486.49px;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:11328px;left:5717.69px;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:11328px;left:5910.16px;white-space:nowrap">100%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:6354.8px;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:11328px;left:6541.52px;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:11328px;left:6745.67px;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:11328px;left:7021.19px;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:11328px;left:7495.27px;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:11328px;left:7667.1px;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:11328px;left:8028.86px;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:11328px;left:8221.34px;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:11328px;left:8583.1px;white-space:nowrap">equivalents,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:9483.89px;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:11520px;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:11520px;left:894.71px;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:11520px;left:1087.19px;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:11520px;left:1819.02px;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:11520px;left:2311.01px;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:11520px;left:2625.25px;white-space:nowrap">deviate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11520px;left:3197.08px;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:11520px;left:3570.36px;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:11520px;left:3774.51px;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:11520px;left:4601.06px;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:11520px;left:5187.61px;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:11520px;left:5886.8px;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:11520px;left:6162.32px;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:11520px;left:6663.44px;white-space:nowrap">80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11520px;left:7019.12px;white-space:nowrap">names
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11520px;left:7529.04px;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:11520px;left:7842.95px;letter-spacing:-1.84px;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:11520px;left:8340.86px;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:11520px;left:8741.02px;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:11520px;left:9250.45px;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:11520px;left:9683.09px;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:11520px;left:10311.08px;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:11712px;left:0px;white-space:nowrap">weighted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11712px;left:713.91px;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:11712px;left:1330.39px;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:11712px;left:1958.05px;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:11712px;left:2144.77px;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:11712px;left:2420.29px;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:11712px;left:2921.41px;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:11712px;left:3747.96px;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:11712px;left:4405.22px;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:11712px;left:4746.18px;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:11712px;left:4997.85px;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:11712px;left:5477.84px;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:11712px;left:5753.36px;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:11712px;left:6402.31px;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:11712px;left:7029.98px;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:11712px;left:7486.3px;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:11712px;left:7673.02px;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:11712px;left:7895.42px;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:11712px;left:8087.89px;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:11712px;left:8310.29px;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:11712px;left:8725.17px;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:11712px;left:9039.4px;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:11712px;left:9314.92px;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:11712px;left:9724.04px;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:11712px;left:10065px;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:11904px;left:0px;white-space:nowrap">achieve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11904px;left:587.04px;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:11904px;left:791.19px;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:11904px;left:1617.74px;white-space:nowrap">objectives.</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="background-image:url(data:image/png;base64,[encoded data, 12404 characters]);background-repeat:no-repeat;background-size:cover;height:636.37px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.328px) 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,2.51px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:318.96px;left:3481.46px;white-space:nowrap">NUVEEN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:318.96px;left:4222.41px;white-space:nowrap">NEW
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:318.96px;left:4660.97px;white-space:nowrap">YORK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:318.96px;left:5164.32px;letter-spacing:-1.47px;white-space:nowrap">MUNICIPAL
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:318.96px;left:6106.55px;letter-spacing:-1.65px;white-space:nowrap">VALUE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:318.96px;left:6680.46px;white-space:nowrap">FUND
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:654.96px;left:2233.24px;white-space:nowrap">(formerly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:654.96px;left:2979.48px;white-space:nowrap">known
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:654.96px;left:3530.35px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:654.96px;left:3737.7px;white-space:nowrap">NUVEEN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:654.96px;left:4478.65px;white-space:nowrap">NEW
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:654.96px;left:4917.21px;white-space:nowrap">YORK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:654.96px;left:5420.56px;letter-spacing:-1.47px;white-space:nowrap">MUNICIPAL
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:654.96px;left:6362.79px;letter-spacing:-1.65px;white-space:nowrap">VALUE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:654.96px;left:6936.7px;white-space:nowrap">FUND,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:654.96px;left:7496.69px;white-space:nowrap">INC.)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:654.96px;left:7929px;white-space:nowrap">(NNY)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1005.76px;left:0px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1005.76px;left:876.95px;white-space:nowrap">Objectives</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1343.04px;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:1343.04px;left:314.24px;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:1343.04px;left:815.36px;white-space:nowrap">primary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1343.04px;left:1398.71px;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:1343.04px;left:2225.26px;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:1343.04px;left:2924.45px;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:1343.04px;left:3075.48px;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:1343.04px;left:3267.96px;letter-spacing:-0.32px;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:1343.04px;left:3902.03px;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:1343.04px;left:4509.38px;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:1343.04px;left:5335.94px;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:1343.04px;left:5507.77px;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:1343.04px;left:5635.29px;letter-spacing:-0.19px;white-space:nowrap">professionally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1343.04px;left:6654.48px;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:1343.04px;left:7374.79px;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:1343.04px;left:8032.06px;white-space:nowrap">of&#160;tax-exempt&#160;New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1343.04px;left:9445.48px;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:1343.04px;left:9792.19px;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:1535.04px;left:0px;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:1535.04px;left:882.71px;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:1535.04px;left:1427.66px;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:1535.04px;left:2002.05px;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:1535.04px;left:2571.16px;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:1535.04px;left:3157.88px;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:1535.04px;left:3531.15px;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:1535.04px;left:3910.35px;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:1535.04px;left:4452.42px;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:1535.04px;left:4766.66px;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:1535.04px;left:5140.1px;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:1535.04px;left:5486.81px;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:1535.04px;left:5898.48px;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:1535.04px;left:6212.72px;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:1535.04px;left:6586.16px;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:1535.04px;left:6932.87px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1535.04px;left:7258.63px;white-space:nowrap">personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1535.04px;left:7916.38px;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:1535.04px;left:8485.49px;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:1535.04px;left:8944.85px;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:1535.04px;left:9259.09px;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:1535.04px;left:9760.21px;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:1727.04px;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:1727.04px;left:826.55px;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:1727.04px;left:1525.74px;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:1727.04px;left:1676.78px;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:1727.04px;left:1869.25px;white-space:nowrap">achieve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1727.04px;left:2456.29px;white-space:nowrap">enhancement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1727.04px;left:3473.08px;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:1727.04px;left:3659.8px;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:1727.04px;left:4317.06px;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:1727.04px;left:4738.02px;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:1727.04px;left:5345.37px;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:1727.04px;left:6240.08px;white-space:nowrap">in&#160;tax-exempt&#160;New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1727.04px;left:7638.63px;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:1727.04px;left:7985.34px;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:1727.04px;left:8717.17px;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:1727.04px;left:9555.4px;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:1727.04px;left:9922.59px;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:1727.04px;left:10094.43px;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:1919.04px;left:0px;white-space:nowrap">opinion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1919.04px;left:586.71px;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:1919.04px;left:773.43px;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:1919.04px;left:1048.95px;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:1919.04px;left:1550.06px;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:1919.04px;left:2376.61px;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:1919.04px;left:2927.65px;white-space:nowrap">and/or&#160;the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1919.04px;left:3724.6px;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:1919.04px;left:4225.72px;letter-spacing:-1.04px;white-space:nowrap">sub-adviser,&#160;are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1919.04px;left:5381.38px;white-space:nowrap">underrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1919.04px;left:6219.61px;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:1919.04px;left:6412.09px;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:1919.04px;left:7131.92px;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:1919.04px;left:7863.75px;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:1919.04px;left:8399.91px;white-space:nowrap">sectors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1919.04px;left:8947.9px;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:1919.04px;left:9270.61px;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:1919.04px;left:9537.33px;white-space:nowrap">undervalued.&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2253.76px;left:0px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2253.76px;left:876.95px;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:2591.04px;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:2591.04px;left:222.4px;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:2591.04px;left:349.92px;white-space:nowrap">fundamental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2591.04px;left:1289.27px;letter-spacing:-1.84px;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:2591.04px;left:1787.18px;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:2591.04px;left:2249.42px;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:2591.04px;left:2791.49px;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:2591.04px;left:3876.12px;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:2591.04px;left:4151.63px;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:2591.04px;left:4560.75px;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:2591.04px;left:4835.94px;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:2591.04px;left:5295.14px;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:2591.04px;left:5475.78px;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:2591.04px;left:5851.93px;white-space:nowrap">80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2591.04px;left:6207.61px;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:2591.04px;left:6394.33px;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:2591.04px;left:6598.48px;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:2591.04px;left:7099.27px;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:2591.04px;left:7336.55px;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:2591.04px;left:7929.35px;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:2591.04px;left:8450.94px;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:2591.04px;left:8622.78px;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:2591.04px;left:9354.61px;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:2591.04px;left:10062.44px;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:2783.04px;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:2783.04px;left:423.51px;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:2783.04px;left:968.47px;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:2783.04px;left:1907.66px;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:2783.04px;left:2183.17px;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:2783.04px;left:2752.29px;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:2783.04px;left:3125.56px;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:2783.04px;left:3579px;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:2783.04px;left:3730.03px;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:2783.04px;left:4316.75px;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:2783.04px;left:4690.02px;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:2783.04px;left:5234.98px;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:2783.04px;left:5821.53px;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:2783.04px;left:6194.97px;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:2783.04px;left:6541.68px;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:2783.04px;left:6953.35px;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:2783.04px;left:7267.59px;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:2783.04px;left:7641.03px;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:2783.04px;left:7987.74px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2783.04px;left:8313.5px;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:2783.04px;left:8882.61px;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:3119.04px;left:0px;white-space:nowrap">&#8220;Assets&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3119.04px;left:666.87px;white-space:nowrap">mean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3119.04px;left:1108.63px;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:3119.04px;left:1384.15px;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:3119.04px;left:1659.67px;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:3119.04px;left:2133.74px;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:3119.04px;left:2320.46px;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:3119.04px;left:2595.97px;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:3119.04px;left:3005.09px;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:3119.04px;left:3342.85px;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:3119.04px;left:3618.37px;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:3119.04px;left:4208.12px;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:3119.04px;left:4394.84px;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:3119.04px;left:4688.44px;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:3119.04px;left:5532.58px;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:3119.04px;left:5772.41px;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:3119.04px;left:6598.96px;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:3119.04px;left:7345.68px;white-space:nowrap">&#8220;Managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3119.04px;left:8155.11px;white-space:nowrap">Assets&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3119.04px;left:8738.95px;white-space:nowrap">mean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3119.04px;left:9180.7px;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:3119.04px;left:9456.22px;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:3119.04px;left:9823.25px;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:3311.04px;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:3311.04px;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:3311.04px;left:462.23px;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:3311.04px;left:915.83px;white-space:nowrap">minus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3311.04px;left:1381.11px;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:3311.04px;left:1656.63px;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:3311.04px;left:1994.54px;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:3311.04px;left:2181.26px;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:3311.04px;left:2385.42px;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:3311.04px;left:2995.97px;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:3311.04px;left:3661.88px;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:3311.04px;left:4126.99px;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:3311.04px;left:4485.54px;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:3311.04px;left:4894.66px;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:3311.04px;left:5560.57px;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:3311.04px;left:6188.56px;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:3311.04px;left:6428.4px;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:3311.04px;left:6703.91px;letter-spacing:-0.36px;white-space:nowrap">express
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3311.04px;left:7287.75px;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:3311.04px;left:7921.82px;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:3311.04px;left:8108.54px;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:3311.04px;left:8730.61px;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:3311.04px;left:9477.48px;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:3311.04px;left:9865.48px;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:3503.04px;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:3503.04px;left:239.83px;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:3503.04px;left:532.95px;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:3503.04px;left:1167.02px;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:3503.04px;left:1528.46px;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:3503.04px;left:2091.49px;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:3503.04px;left:2565.57px;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:3503.04px;left:3438.83px;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:3503.04px;left:3631.31px;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:3503.04px;left:3906.82px;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:3503.04px;left:4407.94px;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:3503.04px;left:4698.5px;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:3503.04px;left:4885.22px;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:3503.04px;left:5546.01px;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:3503.04px;left:6209.68px;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:3503.04px;left:6402.16px;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:3503.04px;left:6683.59px;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:3503.04px;left:7122.15px;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:3503.04px;left:7596.22px;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:3503.04px;left:7862.94px;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:3503.04px;left:8538.45px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3503.04px;left:8710.29px;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:3503.04px;left:8985.81px;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:3503.04px;left:9486.93px;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:3695.04px;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:3695.04px;left:826.39px;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:3695.04px;left:1066.22px;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:3695.04px;left:1768.45px;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:3695.04px;left:1955.17px;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:3695.04px;left:2654.36px;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:3695.04px;left:3362.68px;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:3695.04px;left:4195.47px;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:3695.04px;left:5013.05px;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:3695.04px;left:5327.29px;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:3695.04px;left:6135.92px;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:3695.04px;left:6411.11px;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:3695.04px;left:6642.31px;white-space:nowrap">valued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3695.04px;left:7161.03px;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:3695.04px;left:7341.67px;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:3695.04px;left:7708.7px;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:3695.04px;left:8244.85px;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:4031.04px;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:4031.04px;left:483.03px;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:4031.04px;left:1025.1px;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:4367.04px;left:630px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4367.04px;left:944.24px;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:4367.04px;left:1353.36px;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:4367.04px;left:1628.55px;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:4367.04px;left:2087.74px;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:4367.04px;left:2268.38px;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:4367.04px;left:2644.54px;white-space:nowrap">80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4367.04px;left:3000.21px;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:4367.04px;left:3186.93px;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:4367.04px;left:3391.09px;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:4367.04px;left:4117.48px;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:4367.04px;left:4618.28px;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:4367.04px;left:4790.11px;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:4367.04px;left:5521.95px;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:4367.04px;left:6229.78px;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:4367.04px;left:6596.97px;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:4367.04px;left:6777.61px;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:4367.04px;left:7053.13px;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:4367.04px;left:7414.4px;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:4367.04px;left:7601.12px;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:4367.04px;left:8472.15px;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:4367.04px;left:8738.86px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4367.04px;left:9159.34px;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:4367.04px;left:9627.17px;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:4367.04px;left:9902.69px;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:4559.04px;left:630px;white-space:nowrap">highest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4559.04px;left:1198.79px;white-space:nowrap">grades
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4559.04px;left:1732.07px;white-space:nowrap">(Baa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4559.04px;left:2085.02px;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:4559.04px;left:2277.5px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4559.04px;left:2624.38px;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:4559.04px;left:2816.85px;white-space:nowrap">better)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4559.04px;left:3337.96px;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:4559.04px;left:3557.32px;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:4559.04px;left:3737.96px;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:4559.04px;left:4114.11px;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:4559.04px;left:4431.39px;white-space:nowrap">NRSRO
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4559.04px;left:5012.5px;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:4559.04px;left:5204.98px;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:4559.04px;left:5471.7px;white-space:nowrap">unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4559.04px;left:6070.09px;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:4559.04px;left:6354.41px;white-space:nowrap">judged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4559.04px;left:6908.48px;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:4559.04px;left:7100.96px;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:4559.04px;left:7332.16px;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:4559.04px;left:7518.87px;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:4559.04px;left:8413.74px;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:4559.04px;left:8935.01px;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:4559.04px;left:9154.37px;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:4559.04px;left:9429.89px;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:4751.04px;left:630px;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:4751.04px;left:1456.55px;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:4751.04px;left:2007.58px;white-space:nowrap">and/or&#160;the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4751.04px;left:2804.53px;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:4751.04px;left:3305.65px;letter-spacing:-0.61px;white-space:nowrap">sub-adviser.&#160;Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4751.04px;left:5024.99px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4751.04px;left:5490.11px;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:4751.04px;left:6197.94px;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:4751.04px;left:6538.89px;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:4751.04px;left:7101.93px;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:4751.04px;left:7809.76px;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:4751.04px;left:8176.95px;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:4751.04px;left:8357.59px;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:4751.04px;left:8633.11px;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:4751.04px;left:8994.38px;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:4751.04px;left:9181.1px;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:4751.04px;left:10052.13px;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:4943.04px;left:630px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4943.04px;left:1050.47px;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:4943.04px;left:1530.47px;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:4943.04px;left:2357.02px;white-space:nowrap">grade,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4943.04px;left:2866.61px;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:4943.04px;left:3074.13px;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:4943.04px;left:3438.6px;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:4943.04px;left:3634.28px;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:4943.04px;left:3814.92px;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:4943.04px;left:4191.07px;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:4943.04px;left:4508.35px;white-space:nowrap">NRSRO
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4943.04px;left:5089.47px;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:4943.04px;left:5480.34px;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:4943.04px;left:5848.02px;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:4943.04px;left:6555.85px;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:4943.04px;left:7023.68px;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:4943.04px;left:7299.2px;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:4943.04px;left:7627.99px;white-space:nowrap">highest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4943.04px;left:8196.79px;white-space:nowrap">grades
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4943.04px;left:8730.06px;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:4943.04px;left:9139.34px;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:4943.04px;left:9847.17px;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:5135.04px;left:630px;white-space:nowrap">commonly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5135.04px;left:1418.47px;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:5135.04px;left:2028.54px;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:5135.04px;left:2221.02px;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:5135.04px;left:2416.7px;white-space:nowrap">split-rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5135.04px;left:3186.28px;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:5471.04px;left:630px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5471.04px;left:944.24px;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:5471.04px;left:1353.36px;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:5471.04px;left:1694.31px;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:5471.04px;left:2153.51px;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:5471.04px;left:2384.71px;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:5471.04px;left:2577.18px;white-space:nowrap">20%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5471.04px;left:2932.86px;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:5471.04px;left:3119.58px;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:5471.04px;left:3323.73px;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:5471.04px;left:4050.13px;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:5471.04px;left:4550.92px;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:5471.04px;left:4722.76px;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:5471.04px;left:5454.59px;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:5471.04px;left:6162.42px;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:5471.04px;left:6485.14px;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:5471.04px;left:6665.77px;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:5471.04px;left:6941.29px;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:5471.04px;left:7302.57px;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:5471.04px;left:7489.28px;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:5471.04px;left:8315.83px;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:5471.04px;left:8582.55px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5471.04px;left:9003.02px;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:5471.04px;left:9483.02px;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:5663.04px;left:630px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5663.04px;left:1095.11px;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:5663.04px;left:1287.59px;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:5663.04px;left:1554.31px;white-space:nowrap">unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5663.04px;left:2152.7px;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:5663.04px;left:2437.02px;white-space:nowrap">judged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5663.04px;left:2991.09px;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:5663.04px;left:3183.57px;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:5663.04px;left:3414.77px;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:5663.04px;left:3601.48px;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:5663.04px;left:4496.35px;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:5663.04px;left:5017.62px;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:5663.04px;left:5236.98px;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:5663.04px;left:5512.5px;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:5663.04px;left:6013.62px;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:5663.04px;left:6840.17px;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:5663.04px;left:7391.2px;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:5663.04px;left:7912.63px;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:5663.04px;left:8188.15px;letter-spacing:-1.62px;white-space:nowrap">Fund&#8217;s&#160;sub-adviser.&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5999.04px;left:630px;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:5999.04px;left:893.84px;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:5999.04px;left:1308.71px;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:5999.04px;left:1667.27px;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:5999.04px;left:2022.95px;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:5999.04px;left:2209.67px;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:5999.04px;left:2485.18px;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:5999.04px;left:2986.3px;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:5999.04px;left:3712.7px;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:5999.04px;left:4213.49px;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:5999.04px;left:4554.45px;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:5999.04px;left:4785.65px;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:5999.04px;left:5431.56px;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:5999.04px;left:5603.4px;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:5999.04px;left:6335.23px;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:5999.04px;left:7043.06px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5999.04px;left:7463.53px;white-space:nowrap">below&#160;B3/B-&#160;by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5999.04px;left:8610.4px;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:5999.04px;left:8814.71px;white-space:nowrap">NRSROs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5999.04px;left:9463.99px;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:5999.04px;left:9786.7px;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:5999.04px;left:10109.42px;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:6191.04px;left:630px;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:6191.04px;left:1219.43px;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:6191.04px;left:1411.91px;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:6191.04px;left:1734.62px;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:6191.04px;left:2001.34px;white-space:nowrap">unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6191.04px;left:2599.73px;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:6191.04px;left:2884.05px;white-space:nowrap">judged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6191.04px;left:3438.13px;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:6191.04px;left:3630.6px;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:6191.04px;left:3861.8px;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:6191.04px;left:4048.52px;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:6191.04px;left:4943.38px;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:6191.04px;left:5464.66px;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:6191.04px;left:5684.01px;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:6191.04px;left:5959.53px;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:6191.04px;left:6460.65px;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:6191.04px;left:7287.2px;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:6191.04px;left:7838.23px;white-space:nowrap">and/or&#160;the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6191.04px;left:8635.18px;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:6191.04px;left:9136.3px;letter-spacing:-1.23px;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:6527.04px;left:630px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6527.04px;left:944.24px;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:6527.04px;left:1353.36px;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:6527.04px;left:1694.31px;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:6527.04px;left:2153.51px;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:6527.04px;left:2384.71px;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:6527.04px;left:2577.18px;white-space:nowrap">20%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6527.04px;left:2932.86px;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:6527.04px;left:3119.58px;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:6527.04px;left:3323.73px;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:6527.04px;left:4050.13px;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:6527.04px;left:4550.92px;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:6527.04px;left:4722.76px;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:6527.04px;left:5454.59px;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:6527.04px;left:6162.42px;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:6527.04px;left:6485.14px;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:6527.04px;left:6787.53px;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:6527.04px;left:7361.93px;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:6527.04px;left:7684.64px;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:6527.04px;left:7835.68px;white-space:nowrap">taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6527.04px;left:8401.59px;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:6527.04px;left:8863.83px;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:6527.04px;left:9139.35px;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:6527.04px;left:9681.42px;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:6719.04px;left:630px;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:6719.04px;left:1338.15px;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:6719.04px;left:1595.91px;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:6719.04px;left:2381.02px;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:6719.04px;left:2573.49px;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:7055.04px;left:630px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7055.04px;left:944.24px;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:7055.04px;left:1353.36px;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:7055.04px;left:1628.55px;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:7055.04px;left:1909.99px;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:7055.04px;left:2369.18px;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:7055.04px;left:2784.06px;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:7055.04px;left:3142.61px;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:7055.04px;left:3498.29px;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:7055.04px;left:3685.01px;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:7055.04px;left:3889.16px;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:7055.04px;left:4256.19px;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:7055.04px;left:4730.27px;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:7055.04px;left:4902.11px;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:7055.04px;left:5633.94px;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:7055.04px;left:6341.77px;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:7055.04px;left:6513.61px;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:7055.04px;left:6807.2px;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:7055.04px;left:7124.48px;letter-spacing:-1.64px;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:7391.04px;left:630px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7391.04px;left:944.24px;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:7391.04px;left:1353.36px;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:7391.04px;left:1694.31px;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:7391.04px;left:2153.51px;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:7391.04px;left:2384.71px;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:7391.04px;left:2577.18px;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:7391.04px;left:2932.86px;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:7391.04px;left:3119.58px;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:7391.04px;left:3323.73px;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:7391.04px;left:4050.13px;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:7391.04px;left:4550.92px;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:7391.04px;left:4722.76px;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:7391.04px;left:5430.59px;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:7391.04px;left:5617.31px;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:7391.04px;left:6040.82px;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:7391.04px;left:6509.14px;white-space:nowrap">or&#160;closed-end&#160;investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7391.04px;left:8366.87px;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:7391.04px;left:9184.94px;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:7391.04px;left:9925.73px;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:7583.04px;left:630px;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:7583.04px;left:952.71px;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:7583.04px;left:1411.91px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7583.04px;left:2072.06px;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:7583.04px;left:2243.89px;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:7583.04px;left:2975.73px;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:7583.04px;left:3683.55px;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:7583.04px;left:3870.27px;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:7583.04px;left:4145.79px;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:7583.04px;left:4575.38px;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:7583.04px;left:4747.22px;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:7583.04px;left:5200.66px;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:7583.04px;left:5476.17px;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:7583.04px;left:5885.29px;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:7583.04px;left:6226.25px;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:7583.04px;left:6685.44px;letter-spacing:-1.96px;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:7919.04px;left:630px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7919.04px;left:944.24px;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:7919.04px;left:1353.36px;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:7919.04px;left:1694.31px;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:7919.04px;left:2153.51px;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:7919.04px;left:2325.35px;letter-spacing:-0.26px;white-space:nowrap">distressed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7919.04px;left:3089.5px;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:7919.04px;left:3797.33px;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:7919.04px;left:4081.64px;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:7919.04px;left:4422.6px;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:7919.04px;left:4704.04px;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:7919.04px;left:5163.23px;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:7919.04px;left:5335.07px;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:7919.04px;left:5610.59px;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:7919.04px;left:6318.42px;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:7919.04px;left:6505.13px;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:7919.04px;left:6721.61px;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:7919.04px;left:7171.85px;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:7919.04px;left:7669.76px;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:7919.04px;left:7850.4px;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:7919.04px;left:8125.92px;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:7919.04px;left:8487.19px;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:7919.04px;left:8673.91px;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:7919.04px;left:9544.94px;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:7919.04px;left:9695.97px;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:7919.04px;left:9867.81px;white-space:nowrap">default
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8111.04px;left:630px;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:8111.04px;left:858.32px;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:8111.04px;left:1062.47px;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:8111.04px;left:1900.7px;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:8111.04px;left:2093.17px;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:8111.04px;left:2395.57px;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:8111.04px;left:3053px;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:8111.04px;left:3245.48px;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:8111.04px;left:3819.87px;letter-spacing:-0.36px;white-space:nowrap">thereon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8111.04px;left:4418.42px;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:8111.04px;left:4845.3px;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:8111.04px;left:5165.46px;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:8111.04px;left:5357.93px;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:8111.04px;left:5680.65px;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:8111.04px;left:5831.69px;white-space:nowrap">involved
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8111.04px;left:6477.76px;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:8111.04px;left:6649.6px;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:8111.04px;left:6777.12px;white-space:nowrap">bankruptcy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8111.04px;left:7615.67px;letter-spacing:-0.26px;white-space:nowrap">proceeding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8111.04px;left:8480.94px;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:8111.04px;left:8827.81px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8111.04px;left:9248.29px;white-space:nowrap">below&#160;C-,&#160;at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8111.04px;left:10163.8px;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:8303.04px;left:630px;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:8303.04px;left:991.27px;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:8303.04px;left:1177.99px;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:8303.04px;left:2090.62px;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:8303.04px;left:2822.45px;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:8303.04px;left:3504.2px;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:8303.04px;left:3826.92px;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:8303.04px;left:4102.44px;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:8303.04px;left:4603.55px;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:8303.04px;left:5430.1px;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:8303.04px;left:5981.14px;white-space:nowrap">and/or&#160;the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8303.04px;left:6778.09px;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:8303.04px;left:7279.21px;white-space:nowrap">sub-adviser&#160;may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8303.04px;left:8479.35px;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:8303.04px;left:9261.26px;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:8303.04px;left:9583.98px;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:8303.04px;left:9719.97px;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:8303.04px;left:9871.01px;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:8303.04px;left:10042.85px;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:8495.04px;left:630px;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:8495.04px;left:982.48px;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:8495.04px;left:1556.87px;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:8495.04px;left:1743.58px;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:8495.04px;left:2697.65px;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:8495.04px;left:2869.49px;white-space:nowrap">pursuing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8495.04px;left:3536.04px;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:8495.04px;left:3663.56px;white-space:nowrap">workout
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8495.04px;left:4285.63px;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:8495.04px;left:5245.46px;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:8495.04px;left:5585.94px;white-space:nowrap">issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8495.04px;left:6104.33px;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:8495.04px;left:6291.04px;white-space:nowrap">defaulted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8495.04px;left:7019.84px;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:8495.04px;left:7727.67px;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:8495.04px;left:7920.14px;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:8495.04px;left:8350.06px;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:8495.04px;left:8767.97px;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:8495.04px;left:8960.45px;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:8495.04px;left:9235.97px;white-space:nowrap">defaulted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8495.04px;left:9964.76px;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:8495.04px;left:10414.99px;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:8687.04px;left:630px;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:8687.04px;left:1225.51px;letter-spacing:-2.1px;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:8687.04px;left:1663.91px;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:8687.04px;left:1856.38px;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:8687.04px;left:2544.06px;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:8687.04px;left:2671.58px;white-space:nowrap">debt,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8687.04px;left:3098.13px;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:8687.04px;left:3586.93px;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:8687.04px;left:3779.4px;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:8687.04px;left:4202.92px;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:8687.04px;left:4777.31px;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:8687.04px;left:5150.58px;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:8687.04px;left:5426.1px;white-space:nowrap">defaulted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8687.04px;left:6154.89px;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:8687.04px;left:6605.12px;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:8687.04px;left:6797.6px;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:8687.04px;left:7393.11px;letter-spacing:-2.1px;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:8687.04px;left:7831.51px;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:8687.04px;left:8023.98px;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:8687.04px;left:8370.7px;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:8687.04px;left:8794.21px;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:8687.04px;left:9339.17px;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:8687.04px;left:9531.64px;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:8687.04px;left:10031.95px;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:8879.04px;left:630px;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:8879.04px;left:1314.47px;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:8879.04px;left:1589.99px;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:8879.04px;left:2416.54px;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:8879.04px;left:2603.25px;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:8879.04px;left:3361.48px;white-space:nowrap">monies,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8879.04px;left:3966.12px;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:8879.04px;left:4250.43px;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:8879.04px;left:4594.27px;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:8879.04px;left:4724.5px;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:8879.04px;left:5047.22px;letter-spacing:-1.97px;white-space:nowrap">issuer&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8879.04px;left:5589.45px;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:8879.04px;left:6297.28px;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:8879.04px;left:6564px;letter-spacing:-0.36px;white-space:nowrap">already
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8879.04px;left:7127.04px;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:8879.04px;left:7485.59px;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:8879.04px;left:7704.95px;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:8879.04px;left:7980.47px;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:9215.04px;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:9215.04px;left:314.24px;letter-spacing:-0.29px;white-space:nowrap">foregoing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9215.04px;left:1057.91px;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:9215.04px;left:1644.46px;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:9215.04px;left:2083.01px;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:9215.04px;left:2426.85px;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:9215.04px;left:2607.49px;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:9215.04px;left:2883px;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:9215.04px;left:3244.28px;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:9215.04px;left:3430.99px;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:9215.04px;left:3724.59px;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:9215.04px;left:4062.51px;white-space:nowrap">investment.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9541.44px;left:0px;letter-spacing:-0.29px;white-space:nowrap">Approving
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9541.44px;left:797.11px;white-space:nowrap">Changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9541.44px;left:1470.07px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9541.44px;left:1641.9px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9541.44px;left:2472.29px;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:9887.04px;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:9887.04px;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:9887.04px;left:785.43px;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:9887.04px;left:972.15px;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:9887.04px;left:1603.18px;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:9887.04px;left:1789.9px;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:9887.04px;left:2065.42px;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:9887.04px;left:2474.53px;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:9887.04px;left:2815.49px;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:9887.04px;left:3384.77px;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:9887.04px;left:3660.29px;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:9887.04px;left:4246.84px;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:9887.04px;left:4999.31px;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:9887.04px;left:5485.54px;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:9887.04px;left:6062.97px;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:9887.04px;left:6190.49px;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:9887.04px;left:7076.4px;white-space:nowrap">vote.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9887.04px;left:7479.44px;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:9887.04px;left:8187.75px;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:9887.04px;left:8463.26px;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:9887.04px;left:8964.38px;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:9887.04px;left:9130.46px;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:10079.04px;left:0px;white-space:nowrap">objectives,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10079.04px;left:811.83px;white-space:nowrap">(ii)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10079.04px;left:1016.3px;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:10079.04px;left:1484.46px;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:10079.04px;left:1671.17px;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:10079.04px;left:2355.48px;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:10079.04px;left:2536.12px;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:10079.04px;left:2912.28px;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:10079.04px;left:3092.91px;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:10079.04px;left:3469.07px;white-space:nowrap">80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10079.04px;left:3824.75px;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:10079.04px;left:4011.46px;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:10079.04px;left:4215.62px;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:10079.04px;left:4716.41px;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:10079.04px;left:4888.25px;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:10079.04px;left:5620.08px;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:10079.04px;left:6327.91px;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:10079.04px;left:6642.15px;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:10079.04px;left:7065.66px;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:10079.04px;left:7610.62px;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:10079.04px;left:8549.8px;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:10079.04px;left:8825.32px;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:10079.04px;left:9394.44px;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:10079.04px;left:9767.71px;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:10079.04px;left:10221.15px;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:10271.04px;left:0px;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:10271.04px;left:586.71px;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:10271.04px;left:959.99px;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:10271.04px;left:1504.94px;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:10271.04px;left:2091.49px;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:10271.04px;left:2464.93px;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:10271.04px;left:2811.65px;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:10271.04px;left:3223.32px;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:10271.04px;left:3537.56px;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:10271.04px;left:3911px;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:10271.04px;left:4257.71px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10271.04px;left:4583.46px;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:10271.04px;left:5152.58px;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:10271.04px;left:5567.45px;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:10271.04px;left:5881.69px;white-space:nowrap">(iii)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10271.04px;left:6124.57px;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:10271.04px;left:6592.72px;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:10271.04px;left:6830px;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:10271.04px;left:7582.47px;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:10271.04px;left:8104.06px;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:10271.04px;left:8426.77px;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:10271.04px;left:8562.77px;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:10271.04px;left:8837.96px;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:10271.04px;left:9119.4px;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:10271.04px;left:9780.19px;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:10271.04px;left:9984.35px;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:10463.04px;left:0px;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:10463.04px;left:666.23px;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:10463.04px;left:885.59px;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:10463.04px;left:1418.86px;white-space:nowrap">senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10463.04px;left:1895.82px;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:10463.04px;left:2603.65px;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:10463.04px;left:2971.32px;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:10463.04px;left:3167px;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:10463.04px;left:3868.91px;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:10463.04px;left:4381.71px;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:10463.04px;left:4574.19px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10463.04px;left:4956.26px;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:10463.04px;left:5871.45px;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:10463.04px;left:6212.41px;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:10463.04px;left:6493.84px;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:10463.04px;left:6725.04px;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:10463.04px;left:7392.08px;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:10463.04px;left:7969.51px;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:10463.04px;left:8245.02px;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:10463.04px;left:8911.74px;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:10463.04px;left:9098.45px;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:10463.04px;left:9373.97px;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:10463.04px;left:9948.68px;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:10463.04px;left:10135.4px;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:10655.04px;left:0px;white-space:nowrap">majority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10655.04px;left:618.87px;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:10655.04px;left:805.58px;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:10655.04px;left:1081.1px;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:10655.04px;left:1978.69px;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:10655.04px;left:2651.64px;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:10655.04px;left:3143.64px;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:10655.04px;left:3457.88px;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:10655.04px;left:4165.71px;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:10655.04px;left:4657.71px;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:10655.04px;left:5152.42px;white-space:nowrap">together
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10655.04px;left:5815.77px;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:10655.04px;left:6011.45px;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:10655.04px;left:6138.96px;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:10655.04px;left:6604.08px;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:10655.04px;left:7027.92px;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:10655.04px;left:7342.15px;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:10655.04px;left:7617.67px;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:10655.04px;left:8284.38px;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:10655.04px;left:8471.1px;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:10655.04px;left:8746.62px;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:10655.04px;left:9321.33px;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:10655.04px;left:9508.04px;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:10655.04px;left:9635.56px;white-space:nowrap">majority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10847.04px;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:10847.04px;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:10847.04px;left:462.23px;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:10847.04px;left:1359.82px;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:10847.04px;left:2067.65px;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:10847.04px;left:2604.13px;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:10847.04px;left:3098.84px;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:10847.04px;left:3874.99px;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:10847.04px;left:4070.67px;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:10847.04px;left:4198.19px;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:10847.04px;left:4663.31px;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:10847.04px;left:5087.14px;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:10847.04px;left:5241.38px;white-space:nowrap">&#8220;majority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10847.04px;left:5943.29px;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:10847.04px;left:6130px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10847.04px;left:6405.52px;white-space:nowrap">outstanding&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10847.04px;left:7386.15px;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:10847.04px;left:7878.14px;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:10847.04px;left:8388.06px;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:10847.04px;left:8554.14px;white-space:nowrap">67%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10847.04px;left:8909.82px;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:10847.04px;left:9102.29px;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:10847.04px;left:9517.17px;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:10847.04px;left:9703.88px;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:11039.04px;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:11039.04px;left:492px;letter-spacing:-0.36px;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:11039.04px;left:1072.63px;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:11039.04px;left:1253.27px;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:11039.04px;left:1380.79px;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:11039.04px;left:2062.22px;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:11039.04px;left:2192.46px;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:11039.04px;left:2467.98px;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:11039.04px;left:3042.69px;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:11039.04px;left:3229.4px;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:11039.04px;left:3644.28px;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:11039.04px;left:4002.84px;white-space:nowrap">50%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11039.04px;left:4358.52px;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:11039.04px;left:4545.23px;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:11039.04px;left:4820.75px;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:11039.04px;left:5312.75px;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:11039.04px;left:5579.47px;letter-spacing:-0.36px;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:11039.04px;left:6160.1px;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:11039.04px;left:6352.58px;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:11039.04px;left:7259.13px;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:11039.04px;left:7478.49px;letter-spacing:-0.48px;white-space:nowrap">proxy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11039.04px;left:7920.08px;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:11039.04px;left:8112.56px;white-space:nowrap">(ii)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11039.04px;left:8317.03px;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:11039.04px;left:8731.91px;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:11039.04px;left:9090.46px;white-space:nowrap">50%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11039.04px;left:9446.14px;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:11039.04px;left:9632.86px;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:11039.04px;left:9908.38px;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:11231.04px;left:0px;white-space:nowrap">whichever
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11231.04px;left:761.59px;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:11231.04px;left:912.63px;white-space:nowrap">less.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:11557.44px;left:0px;white-space:nowrap">Portfolio
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:11557.44px;left:651.34px;white-space:nowrap">Contents</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11903.04px;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:11903.04px;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:11903.04px;left:723.36px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11903.04px;left:1250.71px;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:11903.04px;left:1422.55px;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:11903.04px;left:1970.7px;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:11903.04px;left:2702.53px;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:11903.04px;left:3454.84px;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:11903.04px;left:4154.03px;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:11903.04px;left:4885.86px;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:11903.04px;left:5377.86px;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:11903.04px;left:5692.1px;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:11903.04px;left:6175.13px;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:11903.04px;left:6598.65px;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:11903.04px;left:7306.47px;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:11903.04px;left:7801.35px;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:11903.04px;left:7993.83px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11903.04px;left:8551.26px;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:11903.04px;left:8865.5px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11903.04px;left:9562.14px;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:12095.04px;left:0px;letter-spacing:-0.29px;white-space:nowrap">projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12095.04px;left:657.59px;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:12095.04px;left:971.83px;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:12095.04px;left:1395.34px;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:12095.04px;left:1940.3px;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:12095.04px;left:2648.13px;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:12095.04px;left:2962.36px;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:12095.04px;left:3702.83px;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:12095.04px;left:4573.54px;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:12095.04px;left:5195.61px;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:12095.04px;left:5895.13px;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:12095.04px;left:6087.6px;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:12095.04px;left:6819.43px;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:12095.04px;left:7355.91px;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:12095.04px;left:7794.46px;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:12095.04px;left:8108.7px;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:12095.04px;left:8816.53px;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:12095.04px;left:9139.25px;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:12095.04px;left:9728.84px;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:12095.04px;left:9968.67px;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:12287.04px;left:0px;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:12287.04px;left:669.75px;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:12287.04px;left:856.47px;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:12287.04px;left:1430.86px;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:12287.04px;left:1999.98px;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:12287.04px;left:2322.69px;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:12287.04px;left:2473.73px;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:12287.04px;left:3060.44px;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:12287.04px;left:3433.72px;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:12287.04px;left:4020.27px;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:12287.04px;left:4393.71px;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:12287.04px;left:4740.42px;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:12287.04px;left:5152.09px;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:12287.04px;left:5466.33px;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:12287.04px;left:5839.77px;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:12287.04px;left:6186.48px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12287.04px;left:6512.24px;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:12287.04px;left:7081.35px;white-space:nowrap">tax.</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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Shareholder
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1871.68px;white-space:nowrap">Update
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:2984.16px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4235.41px;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">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:737.91px;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:0px;left:1445.74px;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:0px;left:2008.78px;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:0px;left:2740.61px;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:0px;left:3277.08px;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:0px;left:3760.12px;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:0px;left:4467.95px;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:0px;left:4962.82px;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:0px;left:5155.3px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5712.73px;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:0px;left:6026.97px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6723.61px;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:0px;left:7206.48px;letter-spacing:-0.29px;white-space:nowrap">projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7864.07px;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:8675.58px;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:0px;left:8862.29px;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:0px;left:9848.36px;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:192px;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:192px;left:322.71px;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:192px;left:959.99px;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:1842.7px;white-space:nowrap">lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2254.69px;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:3137.4px;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:192px;left:3869.23px;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:192px;left:4352.26px;letter-spacing:-0.44px;white-space:nowrap">pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5335.94px;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:192px;left:6067.77px;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:192px;left:6604.24px;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:192px;left:7140.23px;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:192px;left:7682.14px;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:192px;left:8218.62px;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:192px;left:8926.45px;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:192px;left:9421.32px;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:9640.68px;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:10011.24px;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:384px;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:384px;left:699.19px;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:384px;left:1247.35px;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:384px;left:1833.9px;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:384px;left:2156.61px;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:384px;left:2908.92px;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:384px;left:3223.16px;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:384px;left:3646.67px;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:384px;left:4093.86px;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:384px;left:4280.58px;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:384px;left:5012.41px;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:384px;left:5504.4px;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:384px;left:5818.64px;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:384px;left:6570.95px;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:384px;left:6885.19px;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:384px;left:7308.7px;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:384px;left:7853.66px;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:384px;left:8724.37px;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:384px;left:9047.08px;letter-spacing:-0.41px;white-space:nowrap">create
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:9533px;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:384px;left:10232.51px;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:576px;left:0px;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:576px;left:731.83px;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:576px;left:1268.31px;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:576px;left:1706.86px;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:576px;left:2021.1px;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:576px;left:2728.93px;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:576px;left:3051.64px;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:576px;left:3641.24px;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:576px;left:3881.07px;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:576px;left:4156.59px;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:576px;left:4826.34px;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:576px;left:5013.06px;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:576px;left:5587.45px;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:576px;left:6156.56px;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:576px;left:6479.28px;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:6630.31px;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:576px;left:7217.03px;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:576px;left:7590.3px;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:576px;left:8135.26px;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:576px;left:8467.41px;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:576px;left:9009.49px;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:576px;left:9578.6px;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:576px;left:9836.36px;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:576px;left:10150.6px;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:768px;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:768px;left:346.71px;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:768px;left:758.39px;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:1072.63px;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:768px;left:1446.06px;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:768px;left:1792.78px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:2118.53px;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:768px;left:2687.65px;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:1104px;left:0px;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:1104px;left:737.91px;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:1104px;left:1445.74px;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:1712.46px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:2094.54px;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:1104px;left:2932.76px;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:1104px;left:3631.95px;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:1104px;left:4126.83px;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:1104px;left:4346.19px;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:1104px;left:4849.7px;white-space:nowrap">cities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:5258.33px;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:1104px;left:5572.57px;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:1104px;left:5948.88px;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:1104px;left:6742.47px;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:7056.71px;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:1104px;left:7583.9px;white-space:nowrap">possessions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:8473.01px;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:1104px;left:8787.25px;white-space:nowrap">territories
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:9515.07px;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:1104px;left:9701.79px;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:1104px;left:9977.3px;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:1296px;left:0px;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:1296px;left:479.83px;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:1296px;left:889.11px;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:1084.79px;white-space:nowrap">Puerto
</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;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:1949.9px;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:1296px;left:2264.13px;white-space:nowrap">Guam)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:2783.01px;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:1296px;left:2975.49px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:3532.92px;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:1296px;left:3725.4px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:4422.03px;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:1296px;left:4904.91px;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:1296px;left:5538.98px;letter-spacing:-0.32px;white-space:nowrap">projects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:6152.09px;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:1296px;left:6519.77px;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:1296px;left:6715.45px;letter-spacing:-0.41px;white-space:nowrap">roads,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:7198.48px;white-space:nowrap">schools,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:7817.99px;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:1296px;left:8132.23px;white-space:nowrap">water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:8570.46px;white-space:nowrap">supply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:9083.1px;white-space:nowrap">systems.</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">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;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:1632px;left:1064.31px;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:1632px;left:1393.27px;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:1632px;left:1852.46px;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:1632px;left:2024.3px;white-space:nowrap">AMT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:2412.78px;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:1632px;left:2952.29px;white-space:nowrap">AMT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:3340.77px;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:1632px;left:3835.8px;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:1632px;left:4176.76px;white-space:nowrap">trigger
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:4703.47px;white-space:nowrap">adverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:5305.06px;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:1632px;left:5562.82px;white-space:nowrap">consequences
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:6624.25px;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:1632px;left:6864.09px;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:1632px;left:7273.21px;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:1632px;left:8227.28px;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:1632px;left:8571.11px;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:1632px;left:8837.83px;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:1632px;left:9394.78px;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:1632px;left:9587.26px;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:1632px;left:9862.78px;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:1824px;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:1824px;left:793.59px;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:1824px;left:1501.74px;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:2160px;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:2160px;left:314.24px;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:2160px;left:1046.07px;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:2160px;left:1753.9px;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:2160px;left:1925.74px;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:2160px;left:2379.17px;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:2160px;left:2654.69px;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:2160px;left:3063.81px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:3591.16px;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:2160px;left:3857.88px;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:2160px;left:4557.07px;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:2160px;left:5051.95px;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:2160px;left:5271.31px;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:2160px;left:5546.82px;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:2160px;left:5958.5px;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:2160px;left:6145.21px;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:2160px;left:6518.65px;letter-spacing:-2.45px;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:2160px;left:6909.85px;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:2160px;left:7037.37px;white-space:nowrap">municipality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:7937.83px;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:2160px;left:8124.55px;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:2160px;left:8497.99px;letter-spacing:-2.45px;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:2160px;left:8889.18px;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:2160px;left:9081.66px;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:2160px;left:9209.17px;white-space:nowrap">political
</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">subdivision
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:841.43px;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:2352px;left:1028.14px;letter-spacing:-1.84px;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:2352px;left:1513.9px;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:2352px;left:1828.14px;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:2352px;left:2130.53px;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:2352px;left:2704.93px;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:2352px;left:3072.12px;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:2352px;left:3243.96px;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:2352px;left:3519.48px;white-space:nowrap">opinion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:4106.19px;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:2352px;left:4292.91px;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:2352px;left:4716.74px;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:2352px;left:5306.66px;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:2352px;left:5499.13px;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:2352px;left:5774.65px;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:2352px;left:6224.88px;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:2352px;left:6458.96px;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:2352px;left:6687.28px;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:2352px;left:6962.79px;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:2352px;left:7362.79px;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:2352px;left:7549.5px;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:2352px;left:7973.02px;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:2352px;left:8648.21px;white-space:nowrap">believed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:9309px;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:2352px;left:9528.36px;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:2352px;left:10130.28px;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:2544px;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:2544px;left:995.99px;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:2544px;left:1188.47px;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:2544px;left:1419.67px;letter-spacing:-0.26px;white-space:nowrap">reliable),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:2074.38px;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:2544px;left:2225.42px;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:2544px;left:2812.13px;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:2544px;left:3185.41px;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:2544px;left:3730.36px;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:2544px;left:4316.91px;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:2544px;left:4690.35px;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:2544px;left:5037.06px;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:2544px;left:5448.74px;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:2544px;left:5762.98px;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:2544px;left:6136.41px;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:2544px;left:6483.13px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:6808.88px;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:7378px;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:2544px;left:7837.35px;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:2544px;left:8515.9px;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:2544px;left:8791.42px;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:2544px;left:9365.81px;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:2544px;left:9706.77px;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:2544px;left:9937.97px;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:2736px;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:2736px;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:2736px;left:467.99px;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:2736px;left:1010.07px;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:2736px;left:1803.65px;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:2736px;left:2511.8px;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:2736px;left:2814.04px;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:2736px;left:3128.28px;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:2736px;left:3537.4px;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:2736px;left:3878.35px;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:2736px;left:4337.55px;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:2736px;left:4509.39px;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:2736px;left:5241.22px;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:2736px;left:5949.05px;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:2736px;left:6443.92px;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:2736px;left:6663.28px;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:2736px;left:6995.44px;white-space:nowrap">territories
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:7723.26px;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:2736px;left:8132.54px;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:2736px;left:8328.22px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:8843.57px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:9193.32px;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:2736px;left:9385.8px;white-space:nowrap">Guam)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:9904.68px;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:2736px;left:10227.39px;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:2928px;left:0px;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:2928px;left:586.71px;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:2928px;left:959.99px;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:2928px;left:1504.94px;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:2928px;left:2091.49px;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:2928px;left:2464.93px;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:2928px;left:2811.65px;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:2928px;left:3223.32px;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:2928px;left:3537.56px;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:2928px;left:3911px;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:2928px;left:4257.71px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:4583.46px;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:2928px;left:5152.58px;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:3264px;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:3264px;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:3264px;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:3264px;left:1064.31px;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:3264px;left:1523.51px;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:3264px;left:1695.35px;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:3264px;left:2427.18px;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:3264px;left:3135.01px;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:3264px;left:3457.72px;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:3264px;left:4177.56px;white-space:nowrap">lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3264px;left:4589.55px;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:3264px;left:5427.78px;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:3264px;left:5742.02px;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:3264px;left:6553.52px;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:3264px;left:6740.24px;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:3264px;left:7681.82px;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:3264px;left:7853.66px;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:3264px;left:8221.34px;white-space:nowrap">leases.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3264px;left:8745.97px;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:3264px;left:8900.21px;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:3264px;left:9632.04px;white-space:nowrap">lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3264px;left:10044.04px;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:3264px;left:10195.08px;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:3456px;left:0px;white-space:nowrap">obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:770.07px;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:3456px;left:941.9px;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:3456px;left:1217.42px;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:3456px;left:1596.45px;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:3456px;left:1783.17px;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:3456px;left:1910.69px;white-space:nowrap">lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:2322.69px;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:3456px;left:2515.16px;white-space:nowrap">installment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:3335.47px;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:3456px;left:4023.14px;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:3456px;left:4345.86px;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:3456px;left:4496.9px;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:3456px;left:4991.77px;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:3456px;left:5211.13px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:5338.65px;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:3456px;left:5729.52px;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:3456px;left:5922px;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:3456px;left:6298.31px;letter-spacing:0.26px;white-space:nowrap">government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:7213.82px;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:3456px;left:7406.3px;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:3456px;left:7975.25px;white-space:nowrap">equipment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:8798.92px;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:3456px;left:9113.16px;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:3456px;left:9773.47px;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:3648px;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:3648px;left:373.27px;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:3648px;left:740.95px;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:3648px;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:3648px;left:2278.37px;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:3648px;left:2429.41px;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:3648px;left:3016.12px;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:3648px;left:3389.39px;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:3648px;left:3780.27px;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:3648px;left:4094.51px;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:3648px;left:4470.82px;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:3648px;left:4885.7px;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:3648px;left:5057.53px;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:3648px;left:5333.05px;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:3648px;left:5723.93px;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:3648px;left:5910.64px;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:3648px;left:6601.36px;white-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:6755.6px;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:3648px;left:7498.94px;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:3648px;left:7685.66px;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:3648px;left:8627.24px;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:3648px;left:9415.23px;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:3648px;left:9631.71px;white-space:nowrap">undivided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;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:3840px;left:574.39px;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:3840px;left:746.23px;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:3840px;left:962.71px;white-space:nowrap">unmanaged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:1860.94px;white-space:nowrap">pool
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:2231.34px;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:3840px;left:2418.05px;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:3840px;left:3149.89px;white-space:nowrap">leases,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:3674.52px;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:3840px;left:3891px;white-space:nowrap">installment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:4711.31px;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:3840px;left:5398.98px;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:3840px;left:6219.78px;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:3840px;left:6412.25px;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:3840px;left:6835.77px;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:3840px;left:7750.95px;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:3840px;left:8065.19px;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:3840px;left:8876.7px;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:3840px;left:9501.65px;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:3840px;left:9768.37px;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:3840px;left:10263.24px;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:4032px;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:4032px;left:127.52px;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:4032px;left:859.35px;letter-spacing:-1.84px;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:4032px;left:1446.55px;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:4032px;left:1574.07px;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:4032px;left:1935.02px;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:4032px;left:2127.5px;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:4032px;left:2551.01px;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:4032px;left:2995.16px;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:4032px;left:3317.88px;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:4032px;left:3602.51px;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:4032px;left:4254.51px;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:4032px;left:4470.99px;white-space:nowrap">assignment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4032px;left:5327.3px;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:4032px;left:5514.02px;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:4032px;left:5789.53px;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:4032px;left:6527.45px;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:4032px;left:6719.92px;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:4032px;left:6951.12px;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:4032px;left:7401.68px;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:4032px;left:7621.04px;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:4032px;left:7896.55px;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:4032px;left:8287.43px;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:4032px;left:8479.9px;white-space:nowrap">political
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4032px;left:9083.89px;white-space:nowrap">subdivision
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4032px;left:9925.32px;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:4224px;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:4224px;left:367.68px;white-space:nowrap">leases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4224px;left:847.83px;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:4224px;left:1040.31px;white-space:nowrap">installment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4224px;left:1860.62px;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:4224px;left:2548.29px;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:4224px;left:3481.73px;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:4224px;left:3870.21px;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:4224px;left:4681.71px;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:4224px;left:5271.3px;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:4224px;left:5546.82px;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:4224px;left:5955.94px;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:4224px;left:6296.41px;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:4224px;left:6571.93px;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:4224px;left:6947.76px;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:4224px;left:7140.24px;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:4224px;left:7267.76px;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:4224px;left:7555.11px;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:4224px;left:7871.91px;white-space:nowrap">undivided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4224px;left:8630.46px;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:4224px;left:9204.85px;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:4224px;left:9376.69px;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:4224px;left:9652.21px;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:4416px;left:0px;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:731.83px;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:4416px;left:1484.14px;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:4416px;left:1659.82px;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:4416px;left:2341.09px;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:4416px;left:2708.77px;white-space:nowrap">participations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:3718.51px;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:4416px;left:4417.7px;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:4416px;left:5007.29px;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:4416px;left:5282.81px;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:5691.93px;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:4416px;left:6032.4px;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:4416px;left:6307.92px;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:4416px;left:6683.75px;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:4416px;left:6876.23px;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:4416px;left:7513.5px;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:4416px;left:8227.74px;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:4416px;left:8456.05px;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:4416px;left:8737.49px;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:4416px;left:9152.37px;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:4416px;left:9510.92px;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:4416px;left:9967.56px;white-space:nowrap">days&#8217;
</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">notice,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:530.39px;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:4608px;left:717.11px;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:4608px;left:921.43px;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:4608px;left:1113.9px;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:4608px;left:1407.5px;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:4608px;left:1739.01px;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:4608px;left:1925.73px;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:4608px;left:2201.25px;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:4608px;left:2702.37px;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:4608px;left:3643.95px;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:4608px;left:4218.34px;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:4608px;left:4390.18px;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:4608px;left:4665.7px;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:4608px;left:5468.57px;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:4608px;left:6200.4px;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:4608px;left:6952.71px;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:4608px;left:7290.46px;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:4608px;left:7901.02px;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:4944px;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:4944px;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:4944px;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:4944px;left:1064.31px;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:4944px;left:1523.51px;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:4944px;left:1695.35px;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:4944px;left:2427.18px;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:4944px;left:2910.21px;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:4944px;left:3648.13px;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:4944px;left:4355.95px;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:4944px;left:4527.79px;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:4944px;left:4803.31px;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:4944px;left:5182.34px;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:4944px;left:5369.06px;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:4944px;left:5807.61px;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:4944px;left:6506.8px;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:4944px;left:6773.52px;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:4944px;left:7161.84px;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:4944px;left:7354.32px;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:4944px;left:7943.91px;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:4944px;left:8183.74px;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:4944px;left:8974.13px;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:4944px;left:9489.48px;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:4944px;left:10011.24px;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:5136px;left:0px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5136px;left:879.67px;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:5136px;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:5136px;left:1282.86px;letter-spacing:-1.97px;white-space:nowrap">issuer&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5136px;left:1825.1px;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:5136px;left:2364.13px;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:5136px;left:2550.84px;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:5136px;left:2974.36px;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:5136px;left:3659.16px;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:5136px;left:3851.63px;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:5136px;left:4589.7px;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:5136px;left:4903.94px;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:5136px;left:5528.89px;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:5136px;left:5911.45px;white-space:nowrap">maturities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5136px;left:6657.52px;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:5136px;left:6844.23px;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:5136px;left:7075.43px;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:5136px;left:7267.91px;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:5136px;left:7682.62px;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:5136px;left:8141.98px;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:5136px;left:8530.46px;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:5136px;left:9401.17px;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:5136px;left:9742.12px;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:5328px;left:0px;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:5328px;left:257.76px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:1137.42px;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:5328px;left:1620.46px;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:5328px;left:2237.09px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:3116.76px;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:5328px;left:3599.79px;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:5328px;left:4023.63px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:4903.3px;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:5328px;left:5386.33px;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:5328px;left:5644.09px;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:5328px;left:5958.33px;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:5328px;left:6574.96px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:7454.63px;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:5328px;left:7893.18px;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:5328px;left:8207.42px;white-space:nowrap">construction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:9128.69px;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:5328px;left:9478.44px;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:5328px;left:9961.48px;letter-spacing:-4.44px;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:5520px;left:0px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:879.67px;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:5520px;left:1318.22px;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:5520px;left:1584.94px;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:5520px;left:2079.81px;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:5520px;left:2272.29px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:2829.73px;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:5520px;left:3105.24px;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:5520px;left:3715.47px;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:5520px;left:4230.83px;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:5520px;left:4708.1px;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:5520px;left:4894.82px;letter-spacing:0.22px;white-space:nowrap">governments.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:5922.97px;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:5520px;left:6678.64px;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:5520px;left:7031.28px;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:5520px;left:7298px;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:5520px;left:7792.87px;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:5520px;left:7964.71px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:8844.38px;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:5520px;left:9031.09px;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:5520px;left:9579.24px;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:5520px;left:9837px;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:5712px;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:5712px;left:367.68px;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:5712px;left:563.36px;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:5712px;left:1176.95px;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:5712px;left:1612.63px;letter-spacing:-1.76px;white-space:nowrap">property,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:2299.82px;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:5712px;left:2590.38px;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:5712px;left:2904.61px;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:5712px;left:3556.61px;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:5712px;left:4015.96px;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:5712px;left:4330.2px;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:5712px;left:4596.92px;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:5712px;left:5207.48px;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:5712px;left:5580.75px;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:5712px;left:6013.39px;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:5712px;left:6591.3px;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:5712px;left:7053.37px;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:5712px;left:7512.73px;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:5712px;left:8174.01px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:9053.67px;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:5712px;left:9492.23px;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:5712px;left:9758.95px;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:10253.82px;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:5904px;left:0px;white-space:nowrap">expectation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5904px;left:885.91px;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:5904px;left:1072.62px;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:5904px;left:1611.66px;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:5904px;left:1798.37px;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:5904px;left:2221.89px;white-space:nowrap">kinds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5904px;left:2636.76px;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:5904px;left:2823.48px;letter-spacing:-0.32px;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:5904px;left:3484.6px;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:5904px;left:3852.28px;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:5904px;left:4047.95px;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:5904px;left:4590.03px;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:5904px;left:5274.82px;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:5904px;left:5947.46px;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:5904px;left:6409.69px;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:5904px;left:6951.77px;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:5904px;left:7568.4px;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:5904px;left:8131.28px;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:5904px;left:8901.51px;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:5904px;left:9328.38px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5904px;left:10208.05px;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:6096px;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:6096px;left:266.72px;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:6096px;left:761.59px;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:6096px;left:954.07px;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:6096px;left:1543.66px;white-space:nowrap">interim
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6096px;left:2085.41px;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:6096px;left:2779.01px;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:6096px;left:3131.32px;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:6096px;left:3883.47px;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:6096px;left:4307.3px;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:6096px;left:5000.9px;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:6096px;left:5294.49px;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:6096px;left:5525.69px;white-space:nowrap">arranged.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6096px;left:6260.41px;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:6096px;left:6436.08px;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:6096px;left:6833.04px;white-space:nowrap">cases,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6096px;left:7307.43px;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:6096px;left:7582.95px;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:6096px;left:8335.1px;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:6096px;left:8827.09px;white-space:nowrap">then
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6096px;left:9191.57px;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:6096px;left:9781.16px;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:6096px;left:10056.68px;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:6288px;left:0px;white-space:nowrap">needed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:595.84px;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:6288px;left:835.67px;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:6288px;left:1644.62px;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:6288px;left:1831.34px;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:6288px;left:2106.86px;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:6288px;left:2530.69px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:3410.36px;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:6288px;left:3893.39px;letter-spacing:-4.44px;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:6288px;left:4172.11px;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:6288px;left:4486.35px;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:6288px;left:5102.99px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:5982.65px;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:6288px;left:6421.21px;white-space:nowrap">combine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:7088.08px;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:6288px;left:7363.6px;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:6288px;left:7956.23px;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:6288px;left:8537.19px;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:6288px;left:8723.9px;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:6288px;left:9103.1px;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:6288px;left:9360.85px;white-space:nowrap">anticipation
</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">notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:438.55px;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:6480px;left:752.79px;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:6480px;left:1369.43px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:2249.1px;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:6480px;left:2732.13px;white-space:nowrap">Construction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:3688.92px;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:6480px;left:4038.67px;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:6480px;left:4477.23px;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:6480px;left:4743.95px;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:6480px;left:5087.62px;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:6480px;left:5280.1px;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:6480px;left:5869.69px;white-space:nowrap">construction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:6790.95px;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:6480px;left:7529.03px;white-space:nowrap">Mortgage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:8284.54px;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:6480px;left:8723.09px;letter-spacing:-0.36px;white-space:nowrap">insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:9289.01px;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:6480px;left:9508.36px;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:6480px;left:9783.88px;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:6672px;left:0px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:637.11px;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:6672px;left:1339.02px;letter-spacing:-0.41px;white-space:nowrap">secure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:1845.9px;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:6672px;left:2278.53px;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:6672px;left:2761.57px;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:6672px;left:3443.32px;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:6672px;left:3718.84px;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:6672px;left:4427.15px;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:6672px;left:4800.42px;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:6672px;left:5075.94px;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:6672px;left:5796.1px;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:6672px;left:6137.05px;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:6672px;left:6368.25px;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:6672px;left:6676.41px;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:6672px;left:7034.97px;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:6672px;left:7310.48px;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:6672px;left:8051.59px;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:6672px;left:8839.75px;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:6672px;left:9026.46px;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:6672px;left:9301.98px;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:6672px;left:9971.73px;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:6864px;left:0px;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:6864px;left:657.43px;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:6864px;left:971.67px;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:6864px;left:1546.06px;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:6864px;left:1774.38px;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:6864px;left:2049.9px;white-space:nowrap">mortgage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:2799.32px;white-space:nowrap">note
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:3169.72px;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:6864px;left:3299.96px;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:6864px;left:3714.67px;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:6864px;left:3999.31px;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:6864px;left:4408.43px;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:6864px;left:4535.95px;white-space:nowrap">default.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:5122.5px;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:6864px;left:5436.74px;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:6864px;left:6280.89px;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:6864px;left:6965.69px;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:6864px;left:7338.96px;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:6864px;left:7798.32px;white-space:nowrap">grants
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:8286.95px;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:6864px;left:8479.42px;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:6864px;left:8903.26px;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:6864px;left:9596.85px;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:7056px;left:0px;letter-spacing:-0.41px;white-space:nowrap">secure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:506.88px;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:7056px;left:782.4px;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:7056px;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:7056px;left:1807.34px;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:7056px;left:2023.82px;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:7056px;left:2474.05px;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:2660.77px;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:7056px;left:3392.6px;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:7392px;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:7392px;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:7392px;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:7392px;left:1064.31px;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:7392px;left:1523.51px;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:7392px;left:1695.35px;white-space:nowrap">&#8220;tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7392px;left:2400.78px;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:7392px;left:3203.33px;white-space:nowrap">bonds.&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7392px;left:3822.84px;letter-spacing:-2.22px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7392px;left:4466.19px;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:7392px;left:5268.74px;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:7392px;left:5760.73px;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:7392px;left:6027.45px;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:7392px;left:6759.28px;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:7392px;left:7467.11px;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:7392px;left:7789.83px;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:7392px;left:8056.55px;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:7392px;left:8661.18px;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:7392px;left:8853.66px;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:7392px;left:9464.21px;white-space:nowrap">solely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7392px;left:9914.61px;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:7392px;left:10287.88px;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:7584px;left:0px;white-space:nowrap">collateralization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7584px;left:1157.9px;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:7584px;left:1344.61px;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:7584px;left:1620.13px;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:7584px;left:2328.44px;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:7584px;left:2701.72px;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:7584px;left:3081.07px;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:7584px;left:3561.07px;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:7584px;left:3753.54px;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:7584px;left:4177.06px;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:7584px;left:4846px;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:7584px;left:5402.95px;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:7584px;left:5678.47px;white-space:nowrap">tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7584px;left:6300.86px;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:7920px;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:7920px;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:7920px;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:7920px;left:1064.31px;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:7920px;left:1523.51px;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:7920px;left:1695.35px;letter-spacing:-0.44px;white-space:nowrap">pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:2679.02px;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:7920px;left:3410.85px;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:7920px;left:4163.16px;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:7920px;left:4477.4px;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:7920px;left:5134.83px;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:7920px;left:5321.54px;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:7920px;left:5635.78px;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:7920px;left:6210.17px;letter-spacing:-0.22px;white-space:nowrap">on&#160;pre-refunded&#160;municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:8153.99px;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:7920px;left:8861.82px;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:7920px;left:9128.54px;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:7920px;left:9356.86px;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:7920px;left:9863.41px;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:8112px;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:8112px;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:8112px;left:648.79px;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:8112px;left:1226.22px;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:8112px;left:1842.86px;letter-spacing:-0.41px;white-space:nowrap">source
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8112px;left:2355.65px;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:8112px;left:2595.49px;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:8112px;left:2871.01px;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:8112px;left:3623.32px;white-space:nowrap">Instead,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8112px;left:4234.51px;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:8112px;left:4510.03px;letter-spacing:-0.41px;white-space:nowrap">source
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8112px;left:5022.82px;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:8112px;left:5209.54px;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:8112px;left:5577.22px;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:8112px;left:6315.13px;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:8112px;left:6466.17px;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:8112px;left:7091.12px;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:8112px;left:7307.6px;letter-spacing:-0.41px;white-space:nowrap">escrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8112px;left:7846.95px;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:8112px;left:8214.47px;white-space:nowrap">consisting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8112px;left:8972.85px;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:8112px;left:9159.57px;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:8112px;left:9491.73px;letter-spacing:0.26px;white-space:nowrap">government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8304px;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:8304px;left:752.31px;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:8304px;left:1066.55px;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:8304px;left:1540.62px;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:8304px;left:1712.46px;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:8304px;left:1987.98px;letter-spacing:-0.41px;white-space:nowrap">escrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8304px;left:2527.33px;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:8304px;left:2894.85px;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:8304px;left:3161.57px;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:8304px;left:3748.12px;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:8304px;left:4121.39px;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:8304px;left:4396.91px;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:8304px;left:5105.22px;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:8304px;left:5291.94px;letter-spacing:-0.29px;white-space:nowrap">refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8304px;left:6023.77px;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:8304px;left:6515.77px;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:8304px;left:7010.64px;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:8304px;left:7230px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8304px;left:7505.52px;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:8304px;left:7926.48px;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:8304px;left:8376.71px;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:8304px;left:8572.39px;letter-spacing:-0.21px;white-space:nowrap">the&#160;pre-refunded&#160;municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8496px;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:8496px;left:752.31px;white-space:nowrap">Issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8496px;left:1274.54px;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:8496px;left:1461.26px;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:8496px;left:2193.09px;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:8496px;left:2900.92px;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:8496px;left:3191.48px;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:8496px;left:3484.59px;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:8496px;left:4125.07px;letter-spacing:-0.29px;white-space:nowrap">refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8496px;left:4856.9px;white-space:nowrap">technique
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8496px;left:5612.58px;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:8496px;left:5805.05px;white-space:nowrap">obtain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8496px;left:6305.69px;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:8496px;left:6720.56px;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:8496px;left:7428.71px;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:8496px;left:7875.74px;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:8496px;left:8216.22px;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:8496px;left:8785.01px;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:8496px;left:8977.49px;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:8496px;left:9685.31px;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:8688px;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:8688px;left:266.72px;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:8688px;left:548.15px;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:8688px;left:811.83px;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:8688px;left:1368.78px;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:8688px;left:1561.26px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8688px;left:1842.7px;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:8688px;left:2035.17px;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:8688px;left:2915px;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:8688px;left:3134.36px;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:8688px;left:3409.88px;letter-spacing:-1.84px;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:8688px;left:3889.87px;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:8688px;left:4171.31px;white-space:nowrap">example,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8688px;left:4870.82px;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:8688px;left:5511.3px;letter-spacing:-0.29px;white-space:nowrap">refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8688px;left:6243.13px;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:8688px;left:6841.85px;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:8688px;left:7058.33px;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:8688px;left:7508.56px;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:8688px;left:7701.04px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8688px;left:8397.67px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8688px;left:8779.75px;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:8688px;left:8960.38px;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:8688px;left:9395.73px;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:8880px;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:8880px;left:574.39px;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:8880px;left:1009.75px;letter-spacing:-0.48px;white-space:nowrap">restructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8880px;left:1815.18px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8880px;left:2197.25px;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:8880px;left:2389.73px;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:8880px;left:3017.88px;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:8880px;left:3379.64px;text-rendering:optimizeLegibility;white-space:nowrap">flow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8880px;left:3720.43px;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:8880px;left:3912.91px;white-space:nowrap">eliminate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8880px;left:4611.94px;letter-spacing:-0.24px;white-space:nowrap">restrictive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8880px;left:5343.12px;white-space:nowrap">covenants
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8880px;left:6107.92px;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:8880px;left:6279.75px;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:8880px;left:6555.27px;letter-spacing:-0.29px;white-space:nowrap">indenture
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8880px;left:7284.06px;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:8880px;left:7476.54px;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:8880px;left:7900.05px;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:8880px;left:8673.32px;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:8880px;left:9475.87px;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:8880px;left:9715.71px;letter-spacing:-0.36px;white-space:nowrap">the&#160;
pre-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9072px;left:0px;letter-spacing:-0.15px;white-space:nowrap">refunded&#160;municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9072px;left:1425.27px;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:9072px;left:2177.58px;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:9072px;left:2885.89px;white-space:nowrap">except
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9072px;left:3413.4px;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:9072px;left:3653.23px;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:9072px;left:3780.75px;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:9072px;left:4350.03px;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:9072px;left:4521.87px;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:9072px;left:4797.39px;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:9072px;left:5414.03px;letter-spacing:-0.41px;white-space:nowrap">source
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9072px;left:5926.82px;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:9072px;left:6300.1px;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:9072px;left:6753.53px;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:9072px;left:7410.96px;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:9072px;left:7725.2px;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:9072px;left:8299.59px;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:9072px;left:9037.5px;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:9072px;left:9304.22px;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:9072px;left:9799.26px;letter-spacing:-0.36px;white-space:nowrap">the&#160;
pre-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9264px;left:0px;letter-spacing:-0.15px;white-space:nowrap">refunded&#160;municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9264px;left:1425.27px;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:9264px;left:2133.1px;letter-spacing:-0.41px;white-space:nowrap">remain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9264px;left:2663.49px;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:9264px;left:3561.08px;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:9264px;left:3789.4px;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:9264px;left:4156.43px;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:9264px;left:4733.86px;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:9264px;left:5180.89px;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:9264px;left:5533.21px;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:9264px;left:5885.84px;letter-spacing:-0.41px;white-space:nowrap">mature
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9264px;left:6430.96px;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:9264px;left:6623.43px;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:9264px;left:6890.15px;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:9264px;left:7672.55px;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:9264px;left:7891.9px;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:9264px;left:8167.42px;letter-spacing:-2.1px;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:9600px;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:9600px;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:9600px;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:9600px;left:1064.31px;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:9600px;left:1523.51px;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:9600px;left:1695.35px;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:9600px;left:2231.34px;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:9600px;left:2773.25px;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:9600px;left:3309.72px;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:9600px;left:3839.79px;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:9600px;left:4381.7px;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:9600px;left:4873.7px;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:9600px;left:5140.42px;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:9600px;left:5635.29px;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:9600px;left:5854.65px;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:9600px;left:6047.12px;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:9600px;left:6275.44px;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:9600px;left:6764.4px;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:9600px;left:6951.11px;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:9600px;left:7433.99px;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:9600px;left:8227.57px;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:9600px;left:8420.05px;white-space:nowrap">obtain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:8920.68px;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:9600px;left:9356.36px;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:9600px;left:9548.83px;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:9792px;left:0px;white-space:nowrap">privately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:651.51px;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:9792px;left:1353.58px;white-space:nowrap">housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:1964.13px;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:9792px;left:2624.44px;white-space:nowrap">airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:3186.83px;white-space:nowrap">mass
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:3586.98px;white-space:nowrap">transit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:4069.38px;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:9792px;left:4261.85px;white-space:nowrap">port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:4605.2px;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:9792px;left:5265.51px;white-space:nowrap">sewage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:5852.39px;white-space:nowrap">disposal,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:6527.9px;white-space:nowrap">solid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:6909.97px;white-space:nowrap">waste
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:7363.24px;white-space:nowrap">disposal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:7994.27px;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:9792px;left:8186.75px;letter-spacing:-0.29px;white-space:nowrap">hazardous
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:8954.42px;white-space:nowrap">waste
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:9407.7px;letter-spacing:-0.29px;white-space:nowrap">treatment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:10148.01px;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:9984px;left:0px;white-space:nowrap">disposal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:631.03px;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:9984px;left:1246.86px;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:9984px;left:1561.1px;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:9984px;left:2088.29px;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:9984px;left:2464.6px;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:9984px;left:3080.43px;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:9984px;left:3320.26px;white-space:nowrap">water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:3758.5px;letter-spacing:-1.84px;white-space:nowrap">supply,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:4300.89px;white-space:nowrap">gas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:4594.33px;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:9984px;left:4786.8px;letter-spacing:-1.13px;white-space:nowrap">electricity.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:5544.87px;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:9984px;left:6006.95px;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:9984px;left:6436.54px;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:9984px;left:6623.26px;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:9984px;left:7159.25px;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:9984px;left:7701.16px;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:9984px;left:8237.63px;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:9984px;left:8513.15px;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:9984px;left:9221.46px;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:9984px;left:9408.18px;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:9984px;left:9861.61px;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:9984px;left:10128.33px;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:10176px;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:10176px;left:239.83px;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:10176px;left:515.35px;white-space:nowrap">construction,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10176px;left:1481.1px;white-space:nowrap">equipment,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10176px;left:2349.25px;letter-spacing:-0.41px;white-space:nowrap">repair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10176px;left:2805.24px;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:10176px;left:2997.72px;letter-spacing:-0.24px;white-space:nowrap">improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10176px;left:3993.23px;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:10176px;left:4179.94px;white-space:nowrap">privately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10176px;left:4831.45px;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:10176px;left:5533.52px;white-space:nowrap">industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10176px;left:6226.31px;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:10176px;left:6418.78px;letter-spacing:-0.26px;white-space:nowrap">commercial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10176px;left:7284.05px;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:10176px;left:7944.36px;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:10176px;left:8285.32px;white-space:nowrap">constitute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10176px;left:9034.58px;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:10176px;left:9766.42px;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:10368px;left:0px;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:10368px;left:678.55px;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:10368px;left:954.07px;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:10368px;left:1499.02px;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:10368px;left:2041.1px;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:10368px;left:2298.85px;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:10368px;left:2648.45px;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:10368px;left:3078.2px;white-space:nowrap">substantial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10368px;left:3883.79px;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:10368px;left:4659.46px;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:10368px;left:4887.77px;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:10368px;left:5163.29px;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:10368px;left:5471.45px;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:10368px;left:5658.16px;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:10368px;left:6025.84px;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:10704px;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:10704px;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:10704px;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:10704px;left:1064.31px;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:10704px;left:1523.51px;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:10704px;left:1695.35px;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:10704px;left:2243.5px;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:10704px;left:2830.05px;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:10704px;left:3152.77px;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:10704px;left:3860.6px;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:10704px;left:4355.47px;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:10704px;left:4574.83px;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:10704px;left:4702.35px;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:10704px;left:5072.91px;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:10704px;left:5478.34px;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:10704px;left:5753.85px;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:10704px;left:6328.25px;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:10704px;left:6650.96px;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:10704px;left:6879.28px;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:10704px;left:7332.71px;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:10704px;left:7785.99px;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:10704px;left:8449.66px;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:10704px;left:8790.13px;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:10704px;left:9065.65px;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:10704px;left:9794.28px;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:10896px;left:0px;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:10896px;left:669.75px;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:10896px;left:1280.15px;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:10896px;left:2139.49px;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:10896px;left:2929.88px;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:10896px;left:3297.07px;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:10896px;left:3750.51px;letter-spacing:-0.41px;white-space:nowrap">resets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10896px;left:4212.58px;letter-spacing:-1.84px;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:10896px;left:4772.9px;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:10896px;left:4965.37px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10896px;left:5092.89px;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:10896px;left:5593.2px;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:10896px;left:6383.58px;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:10896px;left:6750.78px;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:10896px;left:7065.02px;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:10896px;left:7216.05px;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:10896px;left:7850.29px;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:10896px;left:8069.65px;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:10896px;left:8345.17px;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:10896px;left:9056.68px;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:10896px;left:9601.64px;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:10896px;left:9794.11px;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:10896px;left:10069.63px;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:11088px;left:0px;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:11088px;left:405.43px;letter-spacing:-2.95px;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:11088px;left:1081.1px;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:11088px;left:1629.26px;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:11088px;left:2215.81px;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:11088px;left:2538.52px;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:11088px;left:3246.35px;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:11088px;left:3966.19px;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:11088px;left:4698.18px;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:11088px;left:5340.73px;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:11088px;left:5512.57px;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:11088px;left:5640.09px;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:11088px;left:6176.4px;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:11088px;left:6810.47px;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:11088px;left:7171.43px;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:11088px;left:8030.77px;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:11088px;left:8498.93px;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:11088px;left:8626.45px;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:11088px;left:8997px;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:11088px;left:9399.56px;letter-spacing:0.41px;white-space:nowrap">formed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11088px;left:9965.31px;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:11088px;left:10184.66px;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:11280px;left:0px;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:11280px;left:372.95px;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:11280px;left:781.59px;white-space:nowrap">sponsor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11280px;left:1391.98px;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:11280px;left:1631.81px;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:11280px;left:1907.33px;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:11280px;left:2541.4px;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:11280px;left:2728.12px;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:11280px;left:3317.71px;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:11280px;left:4049.54px;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:11280px;left:4586.02px;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:11280px;left:5138.01px;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:11280px;left:5724.56px;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:11280px;left:6047.28px;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:11280px;left:6755.1px;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:11280px;left:7096.06px;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:11280px;left:7724.38px;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:11280px;left:7916.85px;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:11280px;left:8604.53px;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:11280px;left:8776.37px;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:11280px;left:9197.32px;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:11280px;left:9377.96px;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:11280px;left:9505.48px;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:11280px;left:10065.15px;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:11472px;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:11472px;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:11472px;left:634.07px;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:11472px;left:1436.95px;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:11472px;left:2011.34px;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:11472px;left:2334.05px;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:11472px;left:2562.37px;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:11472px;left:2837.89px;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:11472px;left:3569.72px;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:11472px;left:3993.55px;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:11472px;left:4352.11px;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:11472px;left:4571.47px;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:11472px;left:4846.99px;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:11472px;left:5217.54px;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:11472px;left:5622.98px;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:11472px;left:6076.41px;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:11472px;left:6840.88px;white-space:nowrap">leverages
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11472px;left:7569.83px;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:11472px;left:7845.35px;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:11472px;left:8346.47px;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:11808px;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:11808px;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:11808px;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:11808px;left:1064.31px;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:11808px;left:1523.51px;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:11808px;left:1695.35px;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:11808px;left:2281.9px;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:11808px;left:2604.61px;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:11808px;left:3312.44px;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:11808px;left:3807.32px;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:11808px;left:4026.67px;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:11808px;left:4562.99px;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:11808px;left:5197.06px;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:11808px;left:5670.65px;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:11808px;left:6298.64px;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:11808px;left:6621.36px;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:11808px;left:7329.19px;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:11808px;left:7670.14px;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:11808px;left:8016.86px;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:11808px;left:8292.38px;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:11808px;left:8671.41px;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:11808px;left:8858.13px;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:11808px;left:9648.51px;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:11808px;left:10235.06px;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:12000px;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:12000px;left:707.83px;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:12000px;left:900.31px;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:12000px;left:1175.82px;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:12000px;left:1688.29px;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:12000px;left:2203.65px;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:12000px;left:2544.6px;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:12000px;left:2775.8px;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:12000px;left:3696.91px;letter-spacing:-1.84px;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:12000px;left:4233.22px;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:12000px;left:4988.89px;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:12000px;left:5264.41px;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:12000px;left:5838.8px;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:12000px;left:6161.52px;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:12000px;left:6709.67px;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:12000px;left:6984.87px;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:12000px;left:7216.06px;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:12000px;left:7696.22px;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:12000px;left:8111.26px;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:12000px;left:8386.77px;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:12000px;left:8922.93px;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:12000px;left:9313.8px;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:12000px;left:9553.64px;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:12192px;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:12192px;left:707.83px;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:12192px;left:1048.3px;white-space:nowrap">maturities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12192px;left:1794.37px;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:12192px;left:1986.85px;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:12192px;left:2887.31px;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:12192px;left:3648.74px;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:12192px;left:3971.46px;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:12192px;left:4238.18px;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:12192px;left:5133.04px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12192px;left:5304.88px;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:12192px;left:5947.59px;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:12192px;left:6140.07px;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:12192px;left:6415.59px;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:12192px;left:7046.46px;white-space:nowrap">interval
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12192px;left:7612.05px;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:12192px;left:7798.76px;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:12192px;left:8074.28px;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:12192px;left:8589.63px;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:12192px;left:9146.58px;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:12192px;left:9600.02px;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:12192px;left:9940.98px;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:12192px;left:10275.85px;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:12384px;left:0px;letter-spacing:-1.84px;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:12384px;left:560.31px;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:12384px;left:752.79px;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:12384px;left:1404.78px;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:12384px;left:1597.26px;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:12384px;left:2323.33px;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:12384px;left:2906.84px;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:12384px;left:3093.56px;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:12384px;left:3410.84px;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:12384px;left:3757.55px;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:12384px;left:3950.03px;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:12384px;left:4574.82px;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:12384px;left:5034.17px;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:12384px;left:5461.05px;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:12384px;left:5736.57px;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:12384px;left:6249.04px;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:12384px;left:6794.16px;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:12384px;left:7078.79px;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:12384px;left:7206.31px;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:12384px;left:7751.1px;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:12384px;left:8129.98px;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:12384px;left:8488.53px;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:12384px;left:8764.05px;text-rendering:optimizeLegibility;white-space:nowrap">final
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12384px;left:9104.85px;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:12384px;left:9732.51px;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:12384px;left:9924.99px;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:12384px;left:10229.78px;white-space:nowrap">call </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">87</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">date
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:367.36px;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:0px;left:554.07px;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:829.59px;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:0px;left:1632.46px;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:0px;left:2056.3px;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:0px;left:2826.53px;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:0px;left:2998.36px;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:0px;left:3273.88px;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:3679.31px;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:3954.83px;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:4363.95px;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:0px;left:4559.63px;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:0px;left:4835.15px;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:0px;left:5341.7px;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:5528.42px;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:0px;left:5803.93px;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:0px;left:6390.48px;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:6713.2px;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:0px;left:7302.63px;letter-spacing:-0.41px;white-space:nowrap">relies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7720.22px;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:0px;left:8135.26px;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:0px;left:8410.78px;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:0px;left:8857.81px;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:0px;left:9044.53px;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:9320.04px;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:0px;left:10140.84px;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:192px;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:192px;left:275.52px;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:903.83px;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:192px;left:1652.78px;letter-spacing:0.26px;white-space:nowrap">furnishing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2399.17px;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:2674.68px;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:192px;left:3187.15px;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:3382.83px;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:192px;left:3708.59px;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:192px;left:3904.27px;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:192px;left:4179.78px;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:192px;left:4629.86px;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:192px;left:5263.61px;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:192px;left:5450.32px;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:5773.04px;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:192px;left:6566.46px;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:192px;left:6788.86px;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:7306.93px;white-space:nowrap">assurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8050.93px;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:8237.64px;letter-spacing:-1.34px;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:192px;left:8880.19px;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:192px;left:9155.71px;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:192px;left:9602.74px;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:192px;left:9789.46px;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:192px;left:10064.98px;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: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:384px;left:589.59px;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:829.43px;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:384px;left:956.95px;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:384px;left:1759.49px;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:384px;left:1946.21px;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:2221.73px;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:384px;left:2953.56px;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:3542.99px;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:384px;left:4313.22px;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:384px;left:4485.06px;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:4760.57px;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:5121.53px;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:384px;left:5435.76px;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:384px;left:5711.28px;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:384px;left:6546.63px;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:384px;left:6733.34px;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:384px;left:7008.86px;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:384px;left:7717.18px;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:384px;left:7909.65px;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:384px;left:8212.05px;letter-spacing:-0.72px;white-space:nowrap">off
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:8443.24px;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:384px;left:8718.76px;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:384px;left:9305.31px;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:384px;left:9628.03px;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:384px;left:10247.22px;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:576px;left:0px;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:576px;left:429.11px;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:576px;left:751.83px;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:576px;left:1018.54px;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:576px;left:1771.18px;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:576px;left:1963.65px;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:576px;left:2360.77px;text-rendering:optimizeLegibility;letter-spacing:0.12px;white-space:nowrap">both&#160;short-term&#160;
floating </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:4116.9px;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:576px;left:4439.61px;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:576px;left:5147.44px;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:576px;left:5461.68px;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:6009.83px;text-rendering:optimizeLegibility;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:6581.5px;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:576px;left:7280.7px;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:576px;left:7843.73px;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:576px;left:8646.28px;white-space:nowrap">triggers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:9241.15px;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:576px;left:9433.62px;letter-spacing:-0.36px;white-space:nowrap">protect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:9993.29px;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:768px;left:0px;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:768px;left:607.19px;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:768px;left:779.03px;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:768px;left:1054.55px;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:768px;left:1641.1px;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:1963.81px;letter-spacing:-1.64px;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:1104px;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:1104px;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:1104px;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:1104px;left:1064.31px;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:1104px;left:1523.51px;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:1104px;left:1695.35px;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:1104px;left:2427.18px;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:1104px;left:3135.01px;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:1104px;left:3629.88px;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:1104px;left:3849.24px;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:1104px;left:4385.55px;white-space:nowrap">taxing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:4868.43px;white-space:nowrap">districts.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:5504.73px;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:1104px;left:6061.85px;white-space:nowrap">taxing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:6544.72px;white-space:nowrap">districts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:7136.55px;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:7403.27px;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:1104px;left:8155.9px;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:1104px;left:8348.37px;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:1104px;left:8701.01px;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:1104px;left:9015.25px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:9572.69px;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:1296px;left:0px;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:1296px;left:1063.83px;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:1296px;left:1256.3px;white-space:nowrap">induce
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:1780.94px;letter-spacing:-0.22px;white-space:nowrap">residential,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:2604.29px;letter-spacing:-0.26px;white-space:nowrap">commercial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:3469.56px;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:1296px;left:3783.8px;white-space:nowrap">industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:4476.58px;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:1296px;left:5021.54px;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:5335.77px;letter-spacing:-0.19px;white-space:nowrap">redevelopment.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:6515.12px;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:1296px;left:6829.36px;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:1296px;left:7253.2px;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:1296px;left:7946.79px;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:1296px;left:8619.42px;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:1296px;left:8987.1px;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:1296px;left:9182.78px;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:1296px;left:9440.53px;letter-spacing:-0.29px;white-space:nowrap">increment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">finance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:601.92px;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:1488px;left:859.67px;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:1488px;left:1760.63px;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:1488px;left:2296.94px;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:1488px;left:2901.41px;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:1488px;left:3425.08px;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:1488px;left:3739.32px;white-space:nowrap">Mello-Roos
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:4592.9px;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:1488px;left:5129.38px;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:1488px;left:5396.1px;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:1488px;left:6095.29px;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:1488px;left:6705.84px;white-space:nowrap">solely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:7156.24px;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:1488px;left:7529.51px;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:1488px;left:7944.38px;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:1488px;left:8136.86px;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:1488px;left:8560.37px;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:1488px;left:9245.17px;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:1488px;left:10118.44px;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:1488px;left:10310.91px;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:1680px;left:0px;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:1680px;left:577.91px;letter-spacing:-0.32px;white-space:nowrap">projects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:1191.02px;text-rendering:optimizeLegibility;white-space:nowrap">financed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:1846.22px;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:2065.58px;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:1680px;left:2341.09px;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:1680px;left:2833.09px;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:1680px;left:3410.52px;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:1680px;left:4065.39px;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:1680px;left:4257.87px;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:1680px;left:4533.38px;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:1680px;left:4983.46px;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:1680px;left:5175.93px;white-space:nowrap">taxing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:5658.81px;white-space:nowrap">power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:6153.52px;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:1680px;left:6340.23px;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:1680px;left:6885.19px;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:1680px;left:7077.66px;white-space:nowrap">overlapping
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:7978.29px;white-space:nowrap">municipalities.
</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">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;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:2016px;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:2016px;left:1064.31px;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:2016px;left:1523.51px;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:2016px;left:1695.35px;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:2016px;left:2042.06px;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:2016px;left:2629.1px;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:2016px;left:3165.57px;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:2016px;left:3319.81px;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:2016px;left:3666.53px;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:2016px;left:4253.56px;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:4677.4px;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:2016px;left:4828.43px;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:2016px;left:4955.95px;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:5379.79px;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:2016px;left:5702.5px;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:2016px;left:6327.45px;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:2016px;left:6721.69px;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:2016px;left:7003.12px;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:2016px;left:7305.52px;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:2016px;left:7879.91px;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:8119.75px;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:2016px;left:8395.26px;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:2016px;left:8848.38px;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:2016px;left:9105.97px;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:2016px;left:9292.69px;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:2016px;left:9568.21px;white-space:nowrap">obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:10338.27px;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:2208px;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:2208px;left:239.83px;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:2208px;left:456.31px;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:2208px;left:879.5px;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:2208px;left:1394.86px;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:2208px;left:1764.93px;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:2208px;left:2040.45px;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:2208px;left:2686.68px;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:2873.4px;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:2208px;left:3148.92px;white-space:nowrap">obligation.</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">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;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:2544px;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:2544px;left:1064.31px;white-space:nowrap">buy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:1372.63px;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:2544px;left:1686.87px;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:2544px;left:1965.27px;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:2544px;left:2673.1px;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:2544px;left:2901.41px;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:2544px;left:3028.93px;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:2544px;left:3959.48px;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:2544px;left:4151.96px;white-space:nowrap">delayed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:4768.44px;white-space:nowrap">delivery
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:5372.75px;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:2544px;left:5817.22px;white-space:nowrap">making
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:6383.3px;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:2544px;left:7053.05px;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:2544px;left:7245.52px;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:2544px;left:7728.4px;white-space:nowrap">delivery
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:8332.71px;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:2544px;left:8513.35px;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:2544px;left:8640.87px;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:2544px;left:9001.98px;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:2544px;left:9413.82px;letter-spacing:0.32px;white-space:nowrap">normally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:10071.4px;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:0px;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:2736px;left:222.4px;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:2736px;left:414.88px;white-space:nowrap">45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:637.28px;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:2736px;left:1007.83px;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:2736px;left:1194.55px;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:2736px;left:1470.07px;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:2736px;left:1890.54px;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:3072px;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:3072px;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:3072px;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:3072px;left:1064.31px;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:3072px;left:1523.19px;letter-spacing:-0.26px;white-space:nowrap">structured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:2287.18px;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:3072px;left:2725.73px;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:3072px;left:3039.97px;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:3072px;left:3540.28px;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:3072px;left:4410.99px;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:3072px;left:4650.82px;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:3072px;left:5477.37px;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:3072px;left:6179.6px;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:3072px;left:6493.84px;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:3072px;left:6822.8px;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:3072px;left:7062.63px;white-space:nowrap">hedging
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:7705.66px;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:3072px;left:8452.38px;letter-spacing:-0.26px;white-space:nowrap">Structured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:9237.17px;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:3072px;left:9675.72px;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:3072px;left:9942.44px;white-space:nowrap">privately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3264px;left:0px;white-space:nowrap">negotiated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3264px;left:829.43px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3264px;left:1211.5px;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:3264px;left:2049.73px;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:3264px;left:2526.85px;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:3264px;left:2802.36px;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:3264px;left:3459.79px;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:3264px;left:3981.23px;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:3264px;left:4555.62px;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:3264px;left:4706.66px;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:3264px;left:5586.32px;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:3264px;left:5805.68px;letter-spacing:-0.58px;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:3264px;left:6519.92px;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:3264px;left:6712.39px;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:3264px;left:6987.91px;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:3264px;left:7944.86px;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:3264px;left:8131.57px;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:3264px;left:8259.09px;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:3264px;left:9094.92px;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:3264px;left:9545.32px;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:3264px;left:10081.47px;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:3456px;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:3456px;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:3456px;left:897.11px;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:3456px;left:1155.19px;white-space:nowrap">&#8220;embedded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:2076.94px;white-space:nowrap">index&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:2681.73px;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:3456px;left:3049.41px;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:3456px;left:3245.09px;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:3456px;left:3891px;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:3456px;left:4643.31px;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:3456px;left:4859.79px;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:3456px;left:5295.47px;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:3456px;left:5482.19px;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:3456px;left:6190.01px;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:3456px;left:6382.49px;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:3456px;left:7070px;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:3456px;left:7644.39px;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:3456px;left:8079.75px;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:3456px;left:8272.22px;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:3456px;left:8547.74px;letter-spacing:-0.44px;white-space:nowrap">differential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:9350.29px;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:3456px;left:10307.24px;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:3648px;left:0px;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:3648px;left:307.99px;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:3648px;left:782.07px;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:3648px;left:974.54px;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:3984px;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:3984px;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:3984px;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:3984px;left:1064.31px;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:3984px;left:1523.51px;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:3984px;left:1695.35px;white-space:nowrap">illiquid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:2216.3px;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:3984px;left:2924.13px;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:3984px;left:3271px;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:3984px;left:3978.83px;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:3984px;left:4301.55px;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:3984px;left:4568.27px;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:3984px;left:4849.7px;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:3984px;left:5368.1px;white-space:nowrap">marketable),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:6298.48px;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:3984px;left:7042.16px;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:3984px;left:7326.47px;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:3984px;left:7607.91px;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:3984px;left:8143.74px;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:3984px;left:8380.69px;letter-spacing:-0.26px;white-space:nowrap">restricted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:9094.12px;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:3984px;left:9801.95px;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:4176px;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:4176px;left:275.52px;white-space:nowrap">disposition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:1098.86px;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:4176px;left:1285.58px;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:4176px;left:1739.01px;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:4176px;left:1890.05px;letter-spacing:-0.26px;white-space:nowrap">restricted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:2603.48px;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:4176px;left:3065.72px;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:4176px;left:3341.23px;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:4176px;left:3883.31px;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:4176px;left:4591.14px;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:4176px;left:5026.81px;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:4176px;left:5734.64px;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:4176px;left:6057.35px;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:4176px;left:6398.31px;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:6629.51px;letter-spacing:-0.41px;white-space:nowrap">resold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:7112.38px;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:4176px;left:7456.22px;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:4176px;left:8122.77px;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:4176px;left:8315.25px;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:4176px;left:8670.92px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:9092.04px;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:4176px;left:9554.28px;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:4176px;left:9829.79px;white-space:nowrap">1933
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:10230.11px;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:4368px;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:4368px;left:314.24px;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:4368px;left:1141.11px;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:4368px;left:2030.07px;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:4368px;left:2370.54px;white-space:nowrap">maturities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:3116.61px;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:4368px;left:3288.44px;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:4368px;left:3801.4px;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:4368px;left:3988.12px;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:4368px;left:4444.76px;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:4704px;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:4704px;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:4704px;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:4704px;left:1064.31px;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:4704px;left:1481.91px;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:4704px;left:1801.74px;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:4704px;left:2328.94px;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:4704px;left:3069.4px;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:4704px;left:3940.11px;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:4704px;left:4111.95px;white-space:nowrap">pursuit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:4644.9px;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:4704px;left:4831.62px;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:4704px;left:5035.77px;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:4704px;left:5862.32px;white-space:nowrap">objectives,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:6674.15px;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:4704px;left:7373.34px;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:4704px;left:7565.82px;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:4704px;left:7933.5px;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:4704px;left:8125.97px;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:4704px;left:8775.41px;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:4704px;left:9290.61px;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:4704px;left:9483.08px;white-space:nowrap">hedge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:9989.96px;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:4896px;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:4896px;left:349.43px;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:4896px;left:536.15px;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:4896px;left:740.31px;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:4896px;left:1635.01px;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:4896px;left:1806.85px;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:4896px;left:2538.68px;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:4896px;left:3246.51px;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:4896px;left:3438.99px;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:4896px;left:3634.67px;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:4896px;left:3762.19px;white-space:nowrap">substitute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:4505.38px;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:4896px;left:4745.21px;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:4896px;left:4872.73px;white-space:nowrap">position
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:5491.76px;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:4896px;left:5663.6px;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:4896px;left:5939.11px;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:4896px;left:6741.98px;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:4896px;left:7192.38px;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:4896px;left:7580.86px;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:4896px;left:8451.57px;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:4896px;left:9014.6px;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:4896px;left:9642.92px;letter-spacing:-0.36px;white-space:nowrap">futures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:0px;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:5088px;left:737.59px;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:5088px;left:1146.54px;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:5088px;left:1839.65px;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:5088px;left:2580.44px;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:5088px;left:3154.83px;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:5088px;left:3477.55px;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:5088px;left:3999.14px;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:5088px;left:4449.22px;white-space:nowrap">default
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:4991.29px;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:5088px;left:5468.4px;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:5088px;left:5782.64px;white-space:nowrap">MMD
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:6230.48px;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:5088px;left:6594.96px;white-space:nowrap">Locks),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:7122.79px;white-space:nowrap">options
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:7703.42px;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:5088px;left:7931.74px;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:5088px;left:8560.05px;letter-spacing:-0.32px;white-space:nowrap">futures,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:9134.77px;white-space:nowrap">options
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:9715.4px;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:5088px;left:9943.71px;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:5280px;left:0px;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:5280px;left:693.11px;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:5280px;left:885.58px;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:5280px;left:1309.1px;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:5280px;left:2049.57px;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:5616px;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:5616px;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:5616px;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:5616px;left:1064.31px;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:5616px;left:1751.99px;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:5616px;left:2066.23px;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:5616px;left:2344.62px;white-space:nowrap">MMD
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:2792.46px;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:5616px;left:3156.94px;white-space:nowrap">Locks.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:3643.17px;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:5616px;left:3886.37px;white-space:nowrap">MMD
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:4334.21px;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:5616px;left:4698.69px;white-space:nowrap">Lock
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:5072.28px;letter-spacing:0.36px;white-space:nowrap">permits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:5655.47px;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:5616px;left:5930.99px;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:6340.11px;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:5616px;left:6532.58px;white-space:nowrap">lock
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:6864.58px;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:5616px;left:7036.42px;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:5616px;left:7163.94px;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:5616px;left:7851.45px;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:5616px;left:8583.28px;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:5616px;left:9157.67px;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:5616px;left:9480.39px;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:5616px;left:9720.22px;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:5616px;left:9847.74px;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:5616px;left:10413.33px;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:5808px;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:5808px;left:204.16px;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:5808px;left:861.42px;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:5808px;left:1053.89px;letter-spacing:-0.32px;white-space:nowrap">preserve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:1711.65px;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:5808px;left:1839.17px;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:5808px;left:2309.88px;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:5808px;left:2538.2px;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:5808px;left:2665.72px;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:3376.26px;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:5808px;left:4202.81px;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:5808px;left:4395.29px;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:5808px;left:4522.81px;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:5808px;left:5088.4px;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:5808px;left:5275.11px;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:5808px;left:5479.27px;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:5808px;left:6136.53px;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:5808px;left:6332.21px;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:5808px;left:6459.73px;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:5808px;left:7102.44px;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:5808px;left:8092.35px;white-space:nowrap">technique
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:8848.03px;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:5808px;left:9040.5px;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:5808px;left:9232.98px;letter-spacing:-0.36px;white-space:nowrap">protect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:9792.65px;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:5808px;left:10349.6px;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:6000px;left:0px;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:6000px;left:628.32px;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:6000px;left:800.15px;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:6000px;left:1075.67px;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:6000px;left:1475.51px;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:6000px;left:1662.22px;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:6000px;left:2370.05px;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:6000px;left:2562.53px;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:6000px;left:2793.73px;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:6000px;left:3579.16px;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:6000px;left:3759.8px;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:6000px;left:3887.32px;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:6000px;left:4248.43px;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:6000px;left:4660.27px;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:6000px;left:4882.66px;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:6000px;left:5309.38px;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:6000px;left:5525.86px;white-space:nowrap">MMD
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:5973.7px;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:6000px;left:6338.17px;white-space:nowrap">Lock,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:6756.25px;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:7031.77px;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:6000px;left:7440.89px;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:6000px;left:7734.48px;letter-spacing:-0.41px;white-space:nowrap">create
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:8220.4px;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:6000px;left:8347.92px;white-space:nowrap">synthetic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:9026.31px;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:6000px;left:9390.79px;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:6000px;left:9583.26px;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:6000px;left:9985.97px;white-space:nowrap">position,
</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">allowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:639.83px;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:6192px;left:915.35px;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:6192px;left:1324.47px;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:6192px;left:1516.94px;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:6192px;left:1976.14px;white-space:nowrap">what
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:2361.25px;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:6192px;left:2636.77px;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:6192px;left:3312.44px;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:6192px;left:3943.64px;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:6192px;left:4094.67px;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:6192px;left:4311.15px;white-space:nowrap">attractive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:5015.78px;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:6192px;left:5347.29px;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:6192px;left:5534.01px;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:6192px;left:5809.53px;white-space:nowrap">yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:6194.64px;white-space:nowrap">curve.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:6668.88px;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:6192px;left:6983.12px;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:6192px;left:7392.23px;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:6192px;left:7667.43px;letter-spacing:-0.26px;white-space:nowrap">ordinarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:8372.21px;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:6192px;left:8662.77px;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:6192px;left:9095.41px;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:6192px;left:9989.96px;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:6192px;left:10185.63px;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:6384px;left:0px;white-space:nowrap">hedge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:506.88px;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:6384px;left:699.35px;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:6384px;left:939.19px;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:6384px;left:1581.9px;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:6384px;left:1774.37px;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:6384px;left:2055.65px;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:3045.56px;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:6384px;left:3724.11px;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:6384px;left:3860.11px;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:6384px;left:4011.15px;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:6384px;left:4766.01px;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:6384px;left:4958.49px;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:6384px;left:5376.08px;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:6384px;left:5695.92px;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:6384px;left:6107.75px;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:6384px;left:6300.23px;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:6384px;left:6949.67px;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:6384px;left:7518.78px;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:6384px;left:7711.25px;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:6384px;left:8063.89px;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:6384px;left:8256.37px;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:6384px;left:8448.84px;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:6384px;left:9077.16px;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:6384px;left:9352.68px;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:9853.79px;white-space:nowrap">yield,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:10283.39px;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:6576px;left:0px;white-space:nowrap">example,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:699.51px;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:6576px;left:1208.95px;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:6576px;left:1792.46px;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:6576px;left:1979.17px;white-space:nowrap">steep
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:2420.61px;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:6576px;left:2995px;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:6576px;left:3317.72px;white-space:nowrap">yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:3702.83px;white-space:nowrap">curves
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:4200.75px;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:6576px;left:4547.62px;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:6576px;left:4932.74px;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:6576px;left:5756.57px;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:6576px;left:6423.29px;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:6576px;left:6826px;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:6576px;left:7204.87px;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:6576px;left:7519.11px;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:6576px;left:7883.58px;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:6576px;left:8262.46px;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:6576px;left:8836.85px;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:6912px;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:6912px;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:6912px;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:6912px;left:1064.31px;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:6912px;left:1393.27px;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:6912px;left:1852.46px;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:6912px;left:2024.3px;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:6912px;left:2732.13px;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:6912px;left:2918.85px;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:6912px;left:3342.36px;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:6912px;left:3810.68px;white-space:nowrap">or&#160;closed-end&#160;investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6912px;left:5668.41px;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:6912px;left:6486.48px;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:6912px;left:7227.28px;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:6912px;left:7657.19px;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:6912px;left:7979.9px;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:6912px;left:8439.1px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6912px;left:9099.25px;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:6912px;left:9271.08px;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:7104px;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:7104px;left:707.83px;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:7104px;left:894.55px;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:7104px;left:1170.06px;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:7104px;left:1599.66px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:1771.5px;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:7104px;left:2224.93px;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:7104px;left:2500.45px;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:7104px;left:2909.57px;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:7104px;left:3250.52px;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:7104px;left:3709.72px;letter-spacing:-1.76px;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:7104px;left:4305.07px;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:7104px;left:4497.55px;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:7104px;left:4773.06px;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:7104px;left:5267.78px;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:7104px;left:6022.64px;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:7104px;left:6242px;white-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:6517.52px;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:7104px;left:6917.84px;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:7104px;left:7246.79px;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:7104px;left:7522.31px;white-space:nowrap">rules
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:7904.39px;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:7104px;left:8218.63px;letter-spacing:-0.24px;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:7104px;left:9053.97px;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:7104px;left:9548.85px;letter-spacing:-0.26px;white-space:nowrap">thereunder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7296px;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:7296px;left:314.24px;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:7296px;left:1099.35px;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:7296px;left:1890.54px;letter-spacing:-0.41px;white-space:nowrap">orders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7296px;left:2388.13px;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:7296px;left:2883.01px;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:7296px;left:3102.37px;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:7296px;left:3377.88px;white-space:nowrap">SEC.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:7622.4px;left:0px;white-space:nowrap">Use
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:7622.4px;left:311.36px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:7622.4px;left:498.07px;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:7968px;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:7968px;left:222.4px;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:7968px;left:349.92px;white-space:nowrap">fundamental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7968px;left:1289.27px;letter-spacing:-1.84px;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:7968px;left:1787.18px;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:7968px;left:2062.7px;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:7968px;left:2471.82px;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:7968px;left:2747.01px;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:7968px;left:3028.44px;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:7968px;left:3689.24px;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:7968px;left:3893.39px;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:7968px;left:4408.75px;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:7968px;left:5074.98px;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:7968px;left:5294.33px;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:7968px;left:5827.61px;white-space:nowrap">senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7968px;left:6304.56px;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:7968px;left:7012.39px;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:7968px;left:7380.07px;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:7968px;left:7575.75px;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:7968px;left:8277.66px;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:7968px;left:8790.46px;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:7968px;left:8982.93px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7968px;left:9365.01px;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:8160px;left:0px;white-space:nowrap">except
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:527.51px;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:8160px;left:699.35px;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:8160px;left:1535.18px;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:8160px;left:1875.66px;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:8160px;left:2267.01px;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:8160px;left:3043px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:3357.24px;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:8160px;left:4165.87px;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:8160px;left:5060.41px;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:8160px;left:5658.96px;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:8160px;left:5851.44px;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:8160px;left:6378.63px;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:8160px;left:7205.18px;letter-spacing:-0.15px;white-space:nowrap">restrictions).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:8108.37px;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:8160px;left:8816.68px;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:8160px;left:9092.19px;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:8160px;left:9501.31px;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:8160px;left:9842.27px;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:8352px;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:8352px;left:740.79px;letter-spacing:-0.36px;white-space:nowrap">reverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:1300.79px;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:8352px;left:2127.66px;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:8352px;left:3102.69px;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:8352px;left:3342.53px;letter-spacing:-1.34px;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:8352px;left:4154.19px;letter-spacing:-0.29px;white-space:nowrap">emergency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:4993.07px;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:8352px;left:5185.54px;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:8352px;left:5609.06px;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:8352px;left:6311.29px;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:8352px;left:6506.97px;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:8352px;left:7261.83px;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:8352px;left:7481.19px;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:8352px;left:7756.71px;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:8352px;left:8157.03px;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:8352px;left:8485.98px;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:8352px;left:8800.22px;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:8352px;left:9259.42px;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:8352px;left:9431.25px;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:8544px;left:0px;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:8544px;left:915.19px;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:8544px;left:1614.38px;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:8544px;left:2162.53px;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:8544px;left:2749.08px;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:8544px;left:3071.8px;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:8544px;left:3779.63px;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:8544px;left:4102.34px;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:8544px;left:4484.9px;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:8544px;left:4760.42px;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:8544px;left:5501.53px;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:8544px;left:5946.01px;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:8544px;left:6132.72px;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:8544px;left:6838px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:7152.23px;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:8544px;left:7561.35px;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:8544px;left:7902.31px;letter-spacing:-0.41px;white-space:nowrap">source
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:8415.1px;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:8544px;left:9075.9px;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:8544px;left:9683.25px;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:8736px;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:8736px;left:171.84px;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:8736px;left:719.99px;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:8736px;left:1306.54px;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:8736px;left:1629.26px;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:8736px;left:2381.57px;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:8736px;left:2835px;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:8736px;left:3217.56px;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:8736px;left:3493.08px;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:8736px;left:4234.19px;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:8736px;left:4678.66px;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:8736px;left:4865.38px;white-space:nowrap">leverage.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9062.4px;left:0px;letter-spacing:-1.78px;white-space:nowrap">Temporary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9062.4px;left:802.87px;white-space:nowrap">Defensive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:9062.4px;left:1552.78px;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:9408px;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:9408px;left:530.23px;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:9408px;left:1312.14px;white-space:nowrap">defensive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9408px;left:2041.25px;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:9408px;left:2624.77px;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:9408px;left:3031px;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:9408px;left:3460.44px;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:9408px;left:3931.79px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9408px;left:4103.63px;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:9408px;left:4379.15px;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:9408px;left:4880.27px;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:9408px;left:5706.82px;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:9408px;left:6349.85px;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:9408px;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:9408px;left:7146.8px;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:9408px;left:7647.92px;letter-spacing:-0.77px;white-space:nowrap">sub-adviser&#8217;s&#160;opinion,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9408px;left:9230.3px;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:9600px;left:0px;white-space:nowrap">imbalances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:844.63px;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:9600px;left:1031.35px;white-space:nowrap">supply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:1543.98px;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:9600px;left:1858.22px;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:9600px;left:2495.5px;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:9600px;left:2687.97px;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:9600px;left:3111.48px;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:9600px;left:3893.39px;white-space:nowrap">dislocations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:4779.14px;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:9600px;left:4950.97px;white-space:nowrap">the&#160;tax-exempt&#160;bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:6503.6px;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:9600px;left:7039.75px;white-space:nowrap">adversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:7756.86px;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:9600px;left:8195.42px;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:9600px;left:8470.93px;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:9600px;left:8870.77px;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:9600px;left:9051.4px;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:9600px;left:9504.84px;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:9792px;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:9792px;left:192.48px;letter-spacing:0.32px;white-space:nowrap">intermediate-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:1536.61px;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:9792px;left:2268.44px;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:9792px;left:2976.27px;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:9792px;left:3242.99px;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:9792px;left:4001.7px;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:9792px;left:4277.22px;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:9792px;left:4686.34px;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:9792px;left:5027.29px;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:9792px;left:5486.49px;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:9792px;left:5717.69px;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:9792px;left:5910.16px;white-space:nowrap">100%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:6354.8px;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:9792px;left:6541.52px;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:9792px;left:6745.67px;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:9792px;left:7021.19px;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:9792px;left:7495.27px;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:9792px;left:7667.1px;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:9792px;left:8028.86px;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:9792px;left:8221.34px;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:9792px;left:8583.1px;white-space:nowrap">equivalents,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:9483.89px;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:9984px;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:9984px;left:894.71px;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:9984px;left:1087.19px;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:9984px;left:1819.02px;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:9984px;left:2311.01px;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:9984px;left:2625.25px;white-space:nowrap">deviate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:3197.08px;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:9984px;left:3570.36px;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:9984px;left:3774.51px;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:9984px;left:4601.06px;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:9984px;left:5187.61px;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:9984px;left:5886.8px;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:9984px;left:6162.32px;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:9984px;left:6663.44px;white-space:nowrap">80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:7019.12px;white-space:nowrap">names
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:7529.04px;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:9984px;left:7842.95px;letter-spacing:-1.84px;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:9984px;left:8340.86px;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:9984px;left:8741.02px;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:9984px;left:9250.45px;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:9984px;left:9683.09px;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:9984px;left:10311.08px;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:10176px;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:10176px;left:409.12px;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:10176px;left:750.08px;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:10176px;left:1031.51px;white-space:nowrap">achieve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10176px;left:1618.55px;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:10176px;left:1822.7px;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:10176px;left:2649.25px;white-space:nowrap">objectives.</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">88</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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Shareholder
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1871.68px;white-space:nowrap">Update
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:2984.16px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4235.41px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12292 characters]);background-repeat:no-repeat;background-size:cover;height:636.37px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.328px) 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,2.51px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:582.96px;left:2672.68px;white-space:nowrap">NUVEEN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:582.96px;left:3413.63px;white-space:nowrap">NEW
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:582.96px;left:3852.19px;white-space:nowrap">YORK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:582.96px;left:4355.54px;white-space:nowrap">SELECT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:582.96px;left:4983.69px;letter-spacing:-1.64px;white-space:nowrap">TAX-FREE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:582.96px;left:5789.75px;white-space:nowrap">INCOME
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:582.96px;left:6509.42px;letter-spacing:-0.29px;white-space:nowrap">PORTFOLIO
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:582.96px;left:7477.73px;white-space:nowrap">(NXN)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:933.76px;left:0px;white-space:nowrap">Investment
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:933.76px;left:876.95px;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:1271.04px;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:1271.04px;left:314.24px;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:1271.04px;left:815.36px;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:1271.04px;left:1641.91px;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:1271.04px;left:2341.1px;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:1271.04px;left:2492.13px;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:1271.04px;left:2684.61px;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:1271.04px;left:3274.2px;white-space:nowrap">stable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1271.04px;left:3748.12px;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:1271.04px;left:4485.87px;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:1271.04px;left:5072.58px;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:1271.04px;left:5445.85px;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:1271.04px;left:5990.81px;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:1271.04px;left:6532.88px;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:1271.04px;left:7101.99px;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:1271.04px;left:7404.23px;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:1271.04px;left:7599.91px;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:1271.04px;left:7925.66px;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:1271.04px;left:8121.34px;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:1271.04px;left:8494.78px;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:1271.04px;left:8841.49px;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:1271.04px;left:9253.17px;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:1271.04px;left:9567.41px;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:1271.04px;left:9940.84px;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:1271.04px;left:10287.56px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1463.04px;left:0px;white-space:nowrap">personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1463.04px;left:657.75px;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:1463.04px;left:1226.87px;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:1463.04px;left:1529.1px;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:1463.04px;left:2293.41px;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:1463.04px;left:2633.88px;letter-spacing:-0.22px;white-space:nowrap">preservation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1463.04px;left:3561.07px;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:1463.04px;left:3747.79px;white-space:nowrap">capital.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1797.76px;left:0px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1797.76px;left:876.95px;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:2135.04px;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:2135.04px;left:222.4px;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:2135.04px;left:349.92px;white-space:nowrap">fundamental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2135.04px;left:1289.27px;letter-spacing:-1.84px;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:2135.04px;left:1787.18px;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:2135.04px;left:2249.42px;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:2135.04px;left:2791.49px;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:2135.04px;left:3876.12px;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:2135.04px;left:4151.63px;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:2135.04px;left:4560.75px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2135.04px;left:5088.11px;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:2135.04px;left:5268.74px;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:2135.04px;left:5644.9px;white-space:nowrap">80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2135.04px;left:6000.58px;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:2135.04px;left:6187.29px;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:2135.04px;left:6391.45px;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:2135.04px;left:6892.24px;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:2135.04px;left:7064.08px;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:2135.04px;left:7795.91px;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:2135.04px;left:8503.74px;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:2135.04px;left:8817.98px;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:2135.04px;left:9241.49px;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:2327.04px;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:2327.04px;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:2327.04px;left:1214.71px;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:2327.04px;left:1783.82px;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:2327.04px;left:2157.09px;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:2327.04px;left:2610.53px;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:2327.04px;left:2877.25px;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:2327.04px;left:3463.96px;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:2327.04px;left:3837.24px;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:2327.04px;left:4382.19px;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:2327.04px;left:4924.26px;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:2327.04px;left:5238.5px;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:2327.04px;left:5611.94px;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:2327.04px;left:5958.65px;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:2327.04px;left:6527.77px;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:2663.04px;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:2663.04px;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:2663.04px;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:2663.04px;left:1064.31px;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:2663.04px;left:1523.51px;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:2663.04px;left:1754.71px;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:2663.04px;left:1947.18px;white-space:nowrap">20%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2663.04px;left:2302.86px;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:2663.04px;left:2489.58px;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:2663.04px;left:2693.73px;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:2663.04px;left:3420.13px;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:2663.04px;left:3920.92px;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:2663.04px;left:4092.76px;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:2663.04px;left:4824.59px;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:2663.04px;left:5532.42px;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:2663.04px;left:5855.14px;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:2663.04px;left:6121.86px;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:2663.04px;left:6678.81px;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:2663.04px;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:2663.04px;left:7146.8px;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:2663.04px;left:7688.87px;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:2663.04px;left:8482.46px;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:2663.04px;left:9190.61px;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:2663.04px;left:9448.37px;white-space:nowrap">(&#8220;AMT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2663.04px;left:9961.48px;white-space:nowrap">Bonds&#8221;).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2999.04px;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:2999.04px;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:2999.04px;left:723.36px;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:2999.04px;left:1422.55px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2999.04px;left:1949.9px;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:2999.04px;left:2121.74px;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:2999.04px;left:2853.57px;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:2999.04px;left:3561.4px;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:2999.04px;left:3901.88px;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:2999.04px;left:4118.35px;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:2999.04px;left:4734.83px;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:2999.04px;left:5383.78px;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:2999.04px;left:6011.45px;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:2999.04px;left:6198.17px;letter-spacing:-0.11px;white-space:nowrap">approximately&#160;18-28&#160;years,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2999.04px;left:8171.75px;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:2999.04px;left:8456.06px;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:2999.04px;left:8592.06px;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:2999.04px;left:8933.02px;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:2999.04px;left:9164.21px;white-space:nowrap">shortened
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2999.04px;left:9931.56px;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:3191.04px;left:0px;white-space:nowrap">lengthened,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3191.04px;left:909.75px;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:3191.04px;left:1739.51px;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:3191.04px;left:1967.82px;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:3191.04px;left:2503.98px;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:3191.04px;left:3289.08px;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:3191.04px;left:3603.32px;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:3191.04px;left:3831.64px;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:3191.04px;left:4048.12px;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:3191.04px;left:4904.59px;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:3191.04px;left:5123.95px;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:3191.04px;left:5399.47px;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:3191.04px;left:5900.59px;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:3191.04px;left:6557.85px;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:3191.04px;left:7233.52px;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:3191.04px;left:7420.24px;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:3191.04px;left:7873.67px;white-space:nowrap">segments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3191.04px;left:8608.55px;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:3191.04px;left:8795.26px;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:3191.04px;left:9070.78px;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:3191.04px;left:9802.61px;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:3383.04px;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:3383.04px;left:536.15px;letter-spacing:-0.48px;white-space:nowrap">offer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3383.04px;left:909.43px;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:3383.04px;left:1184.94px;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:3383.04px;left:1581.9px;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:3383.04px;left:2290.05px;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:3383.04px;left:2852.76px;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:3383.04px;left:3679.31px;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:3383.04px;left:4168.43px;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:3383.04px;left:4482.66px;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:3383.04px;left:5483.61px;white-space:nowrap">for&#160;tax-exempt&#160;income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3383.04px;left:7145.82px;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:3383.04px;left:7460.06px;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:3383.04px;left:7827.09px;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:3719.04px;left:0px;white-space:nowrap">&#8220;Assets&#8221;
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3719.04px;left:666.87px;white-space:nowrap">mean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3719.04px;left:1108.63px;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:3719.04px;left:1384.15px;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:3719.04px;left:1659.67px;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:3719.04px;left:2133.74px;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:3719.04px;left:2320.46px;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:3719.04px;left:2595.97px;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:3719.04px;left:3005.09px;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:3719.04px;left:3342.85px;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:3719.04px;left:3618.37px;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:3719.04px;left:4208.12px;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:3719.04px;left:4394.84px;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:3719.04px;left:4688.44px;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:3719.04px;left:5532.58px;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:3719.04px;left:5772.41px;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:3719.04px;left:6598.96px;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:3719.04px;left:7345.68px;white-space:nowrap">&#8220;Managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3719.04px;left:8155.11px;white-space:nowrap">Assets&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3719.04px;left:8738.95px;white-space:nowrap">mean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3719.04px;left:9180.7px;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:3719.04px;left:9456.22px;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:3719.04px;left:9823.25px;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:3911.04px;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:3911.04px;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:3911.04px;left:462.23px;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:3911.04px;left:915.83px;white-space:nowrap">minus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3911.04px;left:1381.11px;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:3911.04px;left:1656.63px;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:3911.04px;left:1994.54px;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:3911.04px;left:2181.26px;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:3911.04px;left:2385.42px;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:3911.04px;left:2995.97px;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:3911.04px;left:3661.88px;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:3911.04px;left:4126.99px;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:3911.04px;left:4485.54px;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:3911.04px;left:4894.66px;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:3911.04px;left:5560.57px;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:3911.04px;left:6188.56px;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:3911.04px;left:6428.4px;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:3911.04px;left:6703.91px;letter-spacing:-0.36px;white-space:nowrap">express
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3911.04px;left:7287.75px;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:3911.04px;left:7921.82px;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:3911.04px;left:8108.54px;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:3911.04px;left:8730.61px;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:3911.04px;left:9477.48px;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:3911.04px;left:9865.48px;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:4103.04px;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:4103.04px;left:239.83px;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:4103.04px;left:532.95px;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:4103.04px;left:1167.02px;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:4103.04px;left:1528.46px;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:4103.04px;left:2091.49px;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:4103.04px;left:2565.57px;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:4103.04px;left:3438.83px;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:4103.04px;left:3631.31px;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:4103.04px;left:3906.82px;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:4103.04px;left:4407.94px;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:4103.04px;left:4698.5px;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:4103.04px;left:4885.22px;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:4103.04px;left:5546.01px;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:4103.04px;left:6209.68px;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:4103.04px;left:6402.16px;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:4103.04px;left:6683.59px;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:4103.04px;left:7122.15px;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:4103.04px;left:7596.22px;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:4103.04px;left:7862.94px;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:4103.04px;left:8538.45px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4103.04px;left:8710.29px;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:4103.04px;left:8985.81px;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:4103.04px;left:9486.93px;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:4295.04px;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:4295.04px;left:826.39px;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:4295.04px;left:1066.22px;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:4295.04px;left:1768.45px;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:4295.04px;left:1955.17px;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:4295.04px;left:2654.36px;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:4295.04px;left:3362.68px;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:4295.04px;left:4195.47px;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:4295.04px;left:5013.05px;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:4295.04px;left:5327.29px;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:4295.04px;left:6135.92px;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:4295.04px;left:6411.11px;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:4295.04px;left:6642.31px;white-space:nowrap">valued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4295.04px;left:7161.03px;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:4295.04px;left:7341.67px;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:4295.04px;left:7708.7px;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:4295.04px;left:8244.85px;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:4631.04px;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:4631.04px;left:483.03px;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:4631.04px;left:1025.1px;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:4967.04px;left:630px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4967.04px;left:944.24px;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:4967.04px;left:1353.36px;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:4967.04px;left:1628.55px;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:4967.04px;left:2087.74px;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:4967.04px;left:2268.38px;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:4967.04px;left:2644.54px;white-space:nowrap">80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4967.04px;left:3000.21px;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:4967.04px;left:3186.93px;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:4967.04px;left:3391.09px;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:4967.04px;left:4117.48px;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:4967.04px;left:4618.28px;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:4967.04px;left:4790.11px;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:4967.04px;left:5616.67px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4967.04px;left:6081.78px;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:4967.04px;left:6789.61px;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:4967.04px;left:7156.8px;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:4967.04px;left:7337.44px;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:4967.04px;left:7612.96px;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:4967.04px;left:7974.23px;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:4967.04px;left:8160.95px;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:4967.04px;left:9031.98px;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:4967.04px;left:9298.7px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4967.04px;left:9719.17px;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:4967.04px;left:10187px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5159.04px;left:630px;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:5159.04px;left:958.79px;white-space:nowrap">highest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5159.04px;left:1527.59px;white-space:nowrap">grades
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5159.04px;left:2060.86px;white-space:nowrap">(Baa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5159.04px;left:2413.82px;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:5159.04px;left:2606.29px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5159.04px;left:2953.17px;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:5159.04px;left:3145.64px;white-space:nowrap">better)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5159.04px;left:3666.76px;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:5159.04px;left:3886.11px;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:5159.04px;left:4066.75px;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:5159.04px;left:4442.91px;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:5159.04px;left:4760.18px;white-space:nowrap">NRSRO
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5159.04px;left:5341.3px;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:5159.04px;left:5533.77px;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:5159.04px;left:5800.49px;white-space:nowrap">unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5159.04px;left:6398.89px;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:5159.04px;left:6683.2px;white-space:nowrap">judged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5159.04px;left:7237.28px;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:5159.04px;left:7429.75px;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:5159.04px;left:7660.95px;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:5159.04px;left:7847.67px;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:5159.04px;left:8742.54px;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:5159.04px;left:9263.81px;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:5159.04px;left:9483.17px;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:5159.04px;left:9758.68px;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:5351.04px;left:630px;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:5351.04px;left:1518.95px;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:5351.04px;left:1673.19px;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:5351.04px;left:2262.62px;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:5351.04px;left:2413.66px;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:5351.04px;left:3249.33px;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:5351.04px;left:4075.88px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5351.04px;left:4540.99px;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:5351.04px;left:4671.23px;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:5351.04px;left:4807.23px;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:5351.04px;left:4958.26px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5351.04px;left:5378.74px;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:5351.04px;left:5846.57px;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:5351.04px;left:6122.09px;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:5351.04px;left:6450.88px;white-space:nowrap">highest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5351.04px;left:7019.68px;white-space:nowrap">letter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5351.04px;left:7439.83px;white-space:nowrap">grades
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5351.04px;left:7973.1px;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:5351.04px;left:8192.46px;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:5351.04px;left:8373.1px;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:5351.04px;left:8749.25px;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:5351.04px;left:9066.53px;white-space:nowrap">NRSRO
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5351.04px;left:9647.64px;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:5351.04px;left:9970.36px;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:5351.04px;left:10293.07px;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:5543.04px;left:630px;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:5543.04px;left:1337.83px;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:5543.04px;left:1767.91px;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:5543.04px;left:1898.14px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5543.04px;left:2318.62px;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:5543.04px;left:2753.97px;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:5543.04px;left:2973.33px;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:5543.04px;left:3654.92px;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:5543.04px;left:3847.4px;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:5543.04px;left:3977.63px;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:5543.04px;left:4113.63px;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:5543.04px;left:4264.67px;white-space:nowrap">unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5543.04px;left:4863.06px;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:5543.04px;left:5147.38px;white-space:nowrap">judged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5543.04px;left:5701.45px;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:5543.04px;left:5893.93px;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:5543.04px;left:6125.12px;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:5543.04px;left:6311.84px;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:5543.04px;left:7206.71px;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:5543.04px;left:7727.98px;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:5543.04px;left:7947.34px;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:5543.04px;left:8222.86px;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:5543.04px;left:8723.97px;letter-spacing:-1.23px;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:5879.04px;left:630px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5879.04px;left:944.24px;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:5879.04px;left:1353.36px;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:5879.04px;left:1694.31px;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:5879.04px;left:2153.51px;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:5879.04px;left:2384.71px;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:5879.04px;left:2577.18px;white-space:nowrap">20%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5879.04px;left:2932.86px;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:5879.04px;left:3119.58px;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:5879.04px;left:3323.73px;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:5879.04px;left:4050.13px;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:5879.04px;left:4550.92px;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:5879.04px;left:4722.76px;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:5879.04px;left:5454.59px;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:5879.04px;left:6162.42px;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:5879.04px;left:6485.14px;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:5879.04px;left:6665.77px;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:5879.04px;left:6941.29px;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:5879.04px;left:7302.57px;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:5879.04px;left:7489.28px;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:5879.04px;left:8315.83px;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:5879.04px;left:8582.55px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5879.04px;left:9003.02px;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:5879.04px;left:9483.02px;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:6071.04px;left:630px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6071.04px;left:1095.11px;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:6071.04px;left:1287.59px;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:6071.04px;left:1554.31px;white-space:nowrap">unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6071.04px;left:2152.7px;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:6071.04px;left:2437.02px;white-space:nowrap">judged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6071.04px;left:2991.09px;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:6071.04px;left:3183.57px;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:6071.04px;left:3414.77px;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:6071.04px;left:3601.48px;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:6071.04px;left:4496.35px;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:6071.04px;left:5017.62px;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:6071.04px;left:5236.98px;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:6071.04px;left:5512.5px;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:6071.04px;left:6013.62px;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:6071.04px;left:6840.17px;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:6071.04px;left:7391.2px;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:6071.04px;left:7912.63px;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:6071.04px;left:8188.15px;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:6071.04px;left:8689.27px;letter-spacing:-1.13px;white-space:nowrap">sub-adviser.&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6407.04px;left:630px;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:6407.04px;left:893.84px;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:6407.04px;left:1308.71px;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:6407.04px;left:1667.27px;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:6407.04px;left:2022.95px;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:6407.04px;left:2209.67px;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:6407.04px;left:2485.18px;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:6407.04px;left:2986.3px;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:6407.04px;left:3712.7px;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:6407.04px;left:4213.49px;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:6407.04px;left:4554.45px;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:6407.04px;left:4785.65px;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:6407.04px;left:5431.56px;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:6407.04px;left:5603.4px;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:6407.04px;left:6335.23px;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:6407.04px;left:7043.06px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6407.04px;left:7463.53px;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:6407.04px;left:7943.53px;white-space:nowrap">B3/B-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6407.04px;left:8391.04px;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:6407.04px;left:8610.4px;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:6407.04px;left:8814.71px;white-space:nowrap">NRSROs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6407.04px;left:9463.99px;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:6407.04px;left:9786.7px;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:6407.04px;left:10109.42px;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:6599.04px;left:630px;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:6599.04px;left:1219.43px;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:6599.04px;left:1411.91px;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:6599.04px;left:1734.62px;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:6599.04px;left:2001.34px;white-space:nowrap">unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6599.04px;left:2599.73px;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:6599.04px;left:2884.05px;white-space:nowrap">judged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6599.04px;left:3438.13px;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:6599.04px;left:3630.6px;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:6599.04px;left:3861.8px;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:6599.04px;left:4048.52px;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:6599.04px;left:4943.38px;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:6599.04px;left:5464.66px;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:6599.04px;left:5684.01px;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:6599.04px;left:5959.53px;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:6599.04px;left:6460.65px;letter-spacing:-1.23px;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:6935.04px;left:630px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6935.04px;left:944.24px;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:6935.04px;left:1353.36px;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:6935.04px;left:1694.31px;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:6935.04px;left:2153.51px;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:6935.04px;left:2384.71px;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:6935.04px;left:2577.18px;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:6935.04px;left:2932.86px;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:6935.04px;left:3119.58px;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:6935.04px;left:3323.73px;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:6935.04px;left:4050.13px;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:6935.04px;left:4550.92px;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:6935.04px;left:4722.76px;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:6935.04px;left:5270.92px;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:6935.04px;left:5857.47px;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:6935.04px;left:6180.18px;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:7271.04px;left:630px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7271.04px;left:944.24px;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:7271.04px;left:1353.36px;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:7271.04px;left:1694.31px;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:7271.04px;left:2153.51px;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:7271.04px;left:2384.71px;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:7271.04px;left:2577.18px;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:7271.04px;left:2932.86px;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:7271.04px;left:3119.58px;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:7271.04px;left:3323.73px;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:7271.04px;left:4050.13px;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:7271.04px;left:4550.92px;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:7271.04px;left:4722.76px;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:7271.04px;left:5430.59px;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:7271.04px;left:5617.31px;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:7271.04px;left:6040.82px;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:7271.04px;left:6509.14px;white-space:nowrap">or&#160;closed-end&#160;investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7271.04px;left:8366.87px;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:7271.04px;left:9184.94px;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:7271.04px;left:9925.73px;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:7463.04px;left:630px;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:7463.04px;left:952.71px;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:7463.04px;left:1411.91px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7463.04px;left:2072.06px;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:7463.04px;left:2243.89px;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:7463.04px;left:2975.73px;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:7463.04px;left:3683.55px;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:7463.04px;left:3870.27px;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:7463.04px;left:4145.79px;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:7463.04px;left:4575.38px;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:7463.04px;left:4747.22px;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:7463.04px;left:5200.66px;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:7463.04px;left:5476.17px;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:7463.04px;left:5885.29px;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:7463.04px;left:6226.25px;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:7463.04px;left:6685.44px;letter-spacing:-1.96px;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:7799.04px;left:630px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7799.04px;left:944.24px;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:7799.04px;left:1353.36px;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:7799.04px;left:1628.55px;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:7799.04px;left:1909.99px;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:7799.04px;left:2369.18px;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:7799.04px;left:2784.06px;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:7799.04px;left:3142.61px;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:7799.04px;left:3498.29px;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:7799.04px;left:3685.01px;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:7799.04px;left:3889.16px;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:7799.04px;left:4256.19px;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:7799.04px;left:4730.27px;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:7799.04px;left:4902.11px;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:7799.04px;left:5633.94px;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:7799.04px;left:6341.77px;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:7799.04px;left:6513.61px;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:7799.04px;left:6807.2px;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:7799.04px;left:7124.48px;letter-spacing:-1.64px;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:8135.04px;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:8135.04px;left:314.24px;letter-spacing:-0.29px;white-space:nowrap">foregoing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8135.04px;left:1057.91px;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:8135.04px;left:1644.46px;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:8135.04px;left:2083.01px;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:8135.04px;left:2426.85px;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:8135.04px;left:2607.49px;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:8135.04px;left:2883px;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:8135.04px;left:3244.28px;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:8135.04px;left:3430.99px;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:8135.04px;left:3724.59px;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:8135.04px;left:4062.51px;white-space:nowrap">investment.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:8461.44px;left:0px;letter-spacing:-0.29px;white-space:nowrap">Approving
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:8461.44px;left:797.11px;white-space:nowrap">Changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:8461.44px;left:1470.07px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:8461.44px;left:1641.9px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:8461.44px;left:2472.29px;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:8807.04px;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:8807.04px;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:8807.04px;left:785.43px;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:8807.04px;left:972.15px;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:8807.04px;left:1603.18px;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:8807.04px;left:1789.9px;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:8807.04px;left:2065.42px;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:8807.04px;left:2474.53px;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:8807.04px;left:2815.49px;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:8807.04px;left:3384.77px;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:8807.04px;left:3660.29px;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:8807.04px;left:4246.84px;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:8807.04px;left:4999.31px;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:8807.04px;left:5485.54px;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:8807.04px;left:6062.97px;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:8807.04px;left:6190.49px;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:8807.04px;left:7076.4px;white-space:nowrap">vote.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8807.04px;left:7479.44px;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:8807.04px;left:8187.75px;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:8807.04px;left:8463.26px;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:8807.04px;left:8964.38px;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:8807.04px;left:9130.46px;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:8807.04px;left:9957.01px;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:8999.04px;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:8999.04px;left:314.24px;white-space:nowrap">(ii)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8999.04px;left:518.71px;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:8999.04px;left:986.87px;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:8999.04px;left:1173.58px;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:8999.04px;left:1857.89px;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:8999.04px;left:2038.53px;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:8999.04px;left:2414.69px;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:8999.04px;left:2595.32px;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:8999.04px;left:2971.48px;white-space:nowrap">80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8999.04px;left:3327.16px;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:8999.04px;left:3513.87px;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:8999.04px;left:3718.03px;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:8999.04px;left:4218.82px;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:8999.04px;left:4390.66px;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:8999.04px;left:5122.49px;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:8999.04px;left:5830.32px;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:8999.04px;left:6144.56px;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:8999.04px;left:6568.07px;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:8999.04px;left:7113.02px;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:8999.04px;left:8052.21px;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:8999.04px;left:8327.73px;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:8999.04px;left:8896.85px;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:8999.04px;left:9270.12px;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:8999.04px;left:9723.55px;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:8999.04px;left:9990.27px;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:9191.04px;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:9191.04px;left:373.27px;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:9191.04px;left:918.23px;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:9191.04px;left:1460.3px;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:9191.04px;left:1774.54px;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:9191.04px;left:2147.98px;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:9191.04px;left:2494.69px;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:9191.04px;left:3063.8px;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:9191.04px;left:3366.04px;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:9191.04px;left:3707px;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:9191.04px;left:3988.43px;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:9191.04px;left:4219.63px;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:9191.04px;left:4886.67px;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:9191.04px;left:5464.1px;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:9191.04px;left:5739.61px;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:9191.04px;left:6406.33px;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:9191.04px;left:6593.04px;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:9191.04px;left:6868.56px;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:9191.04px;left:7443.27px;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:9191.04px;left:7629.99px;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:9191.04px;left:7757.51px;white-space:nowrap">majority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9191.04px;left:8376.37px;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:9191.04px;left:8563.09px;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:9191.04px;left:8838.61px;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:9191.04px;left:9736.2px;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:9383.04px;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:9383.04px;left:492px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9383.04px;left:806.24px;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:9383.04px;left:1514.07px;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:9383.04px;left:2006.06px;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:9383.04px;left:2500.78px;white-space:nowrap">together
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9383.04px;left:3164.13px;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:9383.04px;left:3359.8px;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:9383.04px;left:3487.32px;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:9383.04px;left:3952.44px;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:9383.04px;left:4376.27px;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:9383.04px;left:4690.51px;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:9383.04px;left:4966.03px;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:9383.04px;left:5632.74px;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:9383.04px;left:5819.46px;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:9383.04px;left:6094.98px;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:9383.04px;left:6669.69px;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:9383.04px;left:6856.4px;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:9383.04px;left:6983.92px;white-space:nowrap">majority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9383.04px;left:7602.79px;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:9383.04px;left:7789.51px;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:9383.04px;left:8065.02px;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:9383.04px;left:8962.61px;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:9383.04px;left:9670.44px;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:9575.04px;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:9575.04px;left:494.71px;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:9575.04px;left:1270.86px;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:9575.04px;left:1466.54px;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:9575.04px;left:1594.06px;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:9575.04px;left:2059.17px;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:9575.04px;left:2483.01px;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:9575.04px;left:2637.25px;white-space:nowrap">&#8220;majority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9575.04px;left:3339.16px;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:9575.04px;left:3525.87px;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:9575.04px;left:3801.39px;white-space:nowrap">outstanding&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9575.04px;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:9575.04px;left:5274.01px;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:9575.04px;left:5783.93px;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:9575.04px;left:5950.01px;white-space:nowrap">67%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9575.04px;left:6305.69px;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:9575.04px;left:6498.16px;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:9575.04px;left:6913.04px;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:9575.04px;left:7099.75px;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:9575.04px;left:7375.27px;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:9575.04px;left:7867.27px;letter-spacing:-0.36px;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:9575.04px;left:8447.9px;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:9575.04px;left:8628.54px;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:9575.04px;left:8756.06px;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:9575.04px;left:9437.49px;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:9575.04px;left:9567.73px;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:9575.04px;left:9843.25px;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:9575.04px;left:10417.96px;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:9767.04px;left:0px;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:9767.04px;left:414.88px;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:9767.04px;left:773.43px;white-space:nowrap">50%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9767.04px;left:1129.11px;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:9767.04px;left:1315.83px;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:9767.04px;left:1591.35px;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:9767.04px;left:2083.34px;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:9767.04px;left:2350.06px;letter-spacing:-0.36px;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:9767.04px;left:2930.7px;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:9767.04px;left:3123.17px;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:9767.04px;left:4029.72px;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:9767.04px;left:4249.08px;letter-spacing:-0.48px;white-space:nowrap">proxy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9767.04px;left:4690.68px;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:9767.04px;left:4883.15px;white-space:nowrap">(ii)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9767.04px;left:5087.63px;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:9767.04px;left:5502.5px;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:9767.04px;left:5861.06px;white-space:nowrap">50%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9767.04px;left:6216.74px;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:9767.04px;left:6403.45px;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:9767.04px;left:6678.97px;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:9767.04px;left:7215.45px;white-space:nowrap">whichever
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9767.04px;left:7977.04px;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:9767.04px;left:8128.08px;white-space:nowrap">less.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:10093.44px;left:0px;white-space:nowrap">Portfolio
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:10093.44px;left:651.34px;white-space:nowrap">Contents</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10439.04px;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:10439.04px;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:10439.04px;left:723.36px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10439.04px;left:1250.71px;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:10439.04px;left:1422.55px;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:10439.04px;left:1970.7px;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:10439.04px;left:2702.53px;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:10439.04px;left:3454.84px;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:10439.04px;left:4154.03px;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:10439.04px;left:4885.86px;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:10439.04px;left:5377.86px;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:10439.04px;left:5692.1px;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:10439.04px;left:6175.13px;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:10439.04px;left:6598.65px;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:10439.04px;left:7306.47px;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:10439.04px;left:7801.35px;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:10439.04px;left:7993.83px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10439.04px;left:8551.26px;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:10439.04px;left:8865.5px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10439.04px;left:9562.14px;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:10631.04px;left:0px;letter-spacing:-0.29px;white-space:nowrap">projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10631.04px;left:657.59px;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:10631.04px;left:971.83px;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:10631.04px;left:1395.34px;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:10631.04px;left:1940.3px;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:10631.04px;left:2648.13px;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:10631.04px;left:2962.36px;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:10631.04px;left:3702.83px;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:10631.04px;left:4573.54px;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:10631.04px;left:5195.61px;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:10631.04px;left:5895.13px;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:10631.04px;left:6087.6px;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:10631.04px;left:6819.43px;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:10631.04px;left:7355.91px;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:10631.04px;left:7794.46px;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:10631.04px;left:8108.7px;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:10631.04px;left:8816.53px;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:10631.04px;left:9139.25px;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:10631.04px;left:9728.84px;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:10631.04px;left:9968.67px;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:10823.04px;left:0px;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:10823.04px;left:669.75px;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:10823.04px;left:856.47px;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:10823.04px;left:1430.86px;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:10823.04px;left:1999.98px;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:10823.04px;left:2322.69px;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:10823.04px;left:2473.73px;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:10823.04px;left:3060.44px;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:10823.04px;left:3433.72px;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:10823.04px;left:3978.67px;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:10823.04px;left:4520.74px;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:10823.04px;left:4834.98px;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:10823.04px;left:5208.42px;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:10823.04px;left:5555.13px;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:10823.04px;left:6124.25px;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:11159.04px;left:0px;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:11159.04px;left:737.91px;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:11159.04px;left:1445.74px;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:11159.04px;left:2008.78px;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:11159.04px;left:2740.61px;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:11159.04px;left:3277.08px;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:11159.04px;left:3760.12px;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:11159.04px;left:4467.95px;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:11159.04px;left:4962.82px;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:11159.04px;left:5155.3px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11159.04px;left:5712.73px;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:11159.04px;left:6026.97px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11159.04px;left:6723.61px;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:11159.04px;left:7206.48px;letter-spacing:-0.29px;white-space:nowrap">projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11159.04px;left:7864.07px;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:11159.04px;left:8675.58px;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:11159.04px;left:8862.29px;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:11159.04px;left:9848.36px;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:11351.04px;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:11351.04px;left:322.71px;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:11351.04px;left:959.99px;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:11351.04px;left:1842.7px;white-space:nowrap">lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11351.04px;left:2254.69px;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:11351.04px;left:3137.4px;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:11351.04px;left:3869.23px;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:11351.04px;left:4352.26px;letter-spacing:-0.44px;white-space:nowrap">pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11351.04px;left:5335.94px;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:11351.04px;left:6067.77px;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:11351.04px;left:6604.24px;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:11351.04px;left:7140.23px;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:11351.04px;left:7682.14px;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:11351.04px;left:8218.62px;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:11351.04px;left:8926.45px;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:11351.04px;left:9421.32px;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:11351.04px;left:9640.68px;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:11351.04px;left:10011.24px;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:11543.04px;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:11543.04px;left:699.19px;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:11543.04px;left:1247.35px;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:11543.04px;left:1833.9px;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:11543.04px;left:2156.61px;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:11543.04px;left:2908.92px;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:11543.04px;left:3223.16px;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:11543.04px;left:3646.67px;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:11543.04px;left:4093.86px;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:11543.04px;left:4280.58px;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:11543.04px;left:5012.41px;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:11543.04px;left:5504.4px;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:11543.04px;left:5818.64px;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:11543.04px;left:6570.95px;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:11543.04px;left:6885.19px;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:11543.04px;left:7308.7px;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:11543.04px;left:7853.66px;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:11543.04px;left:8724.37px;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:11543.04px;left:9047.08px;letter-spacing:-0.41px;white-space:nowrap">create
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11543.04px;left:9533px;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:11543.04px;left:10232.51px;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:11735.04px;left:0px;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:11735.04px;left:731.83px;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:11735.04px;left:1268.31px;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:11735.04px;left:1706.86px;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:11735.04px;left:2021.1px;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:11735.04px;left:2728.93px;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:11735.04px;left:3051.64px;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:11735.04px;left:3641.24px;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:11735.04px;left:3881.07px;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:11735.04px;left:4156.59px;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:11735.04px;left:4826.34px;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:11735.04px;left:5013.06px;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:11735.04px;left:5587.45px;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:11735.04px;left:6156.56px;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:11735.04px;left:6479.28px;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:11735.04px;left:6630.31px;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:11735.04px;left:7217.03px;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:11735.04px;left:7590.3px;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:11735.04px;left:8135.26px;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:11735.04px;left:8677.33px;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:11735.04px;left:8991.57px;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:11735.04px;left:9365px;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:11735.04px;left:9711.72px;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:11735.04px;left:10280.83px;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:12071.04px;left:0px;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:12071.04px;left:737.91px;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:12071.04px;left:1445.74px;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:12071.04px;left:1712.46px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12071.04px;left:2094.54px;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:12071.04px;left:2932.76px;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:12071.04px;left:3631.95px;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:12071.04px;left:4126.83px;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:12071.04px;left:4346.19px;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:12071.04px;left:4849.7px;white-space:nowrap">cities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12071.04px;left:5258.33px;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:12071.04px;left:5572.57px;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:12071.04px;left:5948.88px;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:12071.04px;left:6742.47px;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:12071.04px;left:7056.71px;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:12071.04px;left:7583.9px;white-space:nowrap">possessions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12071.04px;left:8473.01px;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:12071.04px;left:8787.25px;white-space:nowrap">territories
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12071.04px;left:9515.07px;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:12071.04px;left:9701.79px;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:12071.04px;left:9977.3px;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:12263.04px;left:0px;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:12263.04px;left:479.83px;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:12263.04px;left:889.11px;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:12263.04px;left:1084.79px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12263.04px;left:1600.14px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12263.04px;left:1949.9px;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:12263.04px;left:2264.13px;white-space:nowrap">Guam)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12263.04px;left:2783.01px;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:12263.04px;left:2975.49px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12263.04px;left:3532.92px;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:12263.04px;left:3725.4px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12263.04px;left:4422.03px;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:12263.04px;left:4904.91px;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:12263.04px;left:5538.98px;letter-spacing:-0.32px;white-space:nowrap">projects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12263.04px;left:6152.09px;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:12263.04px;left:6519.77px;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:12263.04px;left:6715.45px;letter-spacing:-0.41px;white-space:nowrap">roads,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12263.04px;left:7198.48px;white-space:nowrap">schools,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12263.04px;left:7817.99px;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:12263.04px;left:8132.23px;white-space:nowrap">water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12263.04px;left:8570.46px;white-space:nowrap">supply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12263.04px;left:9083.1px;white-space:nowrap">systems.</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">89</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">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">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;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:0px;left:1064.31px;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:0px;left:1393.27px;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:0px;left:1852.46px;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:0px;left:2024.3px;white-space:nowrap">AMT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2412.78px;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:0px;left:2952.29px;white-space:nowrap">AMT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3340.77px;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:0px;left:3835.8px;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:4176.76px;white-space:nowrap">trigger
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4703.47px;white-space:nowrap">adverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5305.06px;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:0px;left:5562.82px;white-space:nowrap">consequences
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6624.25px;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:0px;left:6864.09px;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:0px;left:7273.21px;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:8227.28px;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:0px;left:8571.11px;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:0px;left:8837.83px;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:0px;left:9394.78px;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:0px;left:9587.26px;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:0px;left:9862.78px;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:192px;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:192px;left:793.59px;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:192px;left:1501.74px;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:528px;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:528px;left:314.24px;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:528px;left:1046.07px;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:528px;left:1753.9px;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:528px;left:1925.74px;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:528px;left:2379.17px;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:528px;left:2654.69px;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:528px;left:3063.81px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:528px;left:3591.16px;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:528px;left:3857.88px;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:528px;left:4557.07px;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:528px;left:5051.95px;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:528px;left:5271.31px;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:528px;left:5546.82px;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:528px;left:5958.5px;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:528px;left:6145.21px;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:528px;left:6518.65px;letter-spacing:-2.45px;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:528px;left:6909.85px;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:528px;left:7037.37px;white-space:nowrap">municipality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:528px;left:7937.83px;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:528px;left:8124.55px;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:528px;left:8497.99px;letter-spacing:-2.45px;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:528px;left:8889.18px;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:528px;left:9081.66px;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:528px;left:9209.17px;white-space:nowrap">political
</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">subdivision
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:841.43px;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:720px;left:1028.14px;letter-spacing:-1.84px;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:720px;left:1513.9px;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:720px;left:1828.14px;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:720px;left:2130.53px;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:720px;left:2704.93px;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:720px;left:3072.12px;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:720px;left:3243.96px;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:720px;left:3519.48px;white-space:nowrap">opinion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:4106.19px;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:720px;left:4292.91px;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:4716.74px;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:720px;left:5306.66px;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:720px;left:5499.13px;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:720px;left:5774.65px;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:720px;left:6224.88px;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:720px;left:6458.96px;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:720px;left:6687.28px;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:720px;left:6962.79px;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:720px;left:7362.79px;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:720px;left:7549.5px;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:720px;left:7973.02px;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:720px;left:8648.21px;white-space:nowrap">believed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:9309px;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:9528.36px;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:720px;left:10130.28px;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:912px;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:912px;left:995.99px;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:912px;left:1188.47px;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:912px;left:1419.67px;letter-spacing:-0.26px;white-space:nowrap">reliable),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:2074.38px;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:912px;left:2225.42px;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:912px;left:2812.13px;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:912px;left:3185.41px;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:912px;left:3730.36px;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:912px;left:4272.43px;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:912px;left:4586.67px;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:912px;left:4960.11px;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:912px;left:5306.82px;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:912px;left:5875.94px;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:912px;left:6178.17px;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:912px;left:6856.72px;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:7132.24px;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:912px;left:7706.63px;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:912px;left:8047.59px;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:912px;left:8278.79px;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:912px;left:8835.74px;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:912px;left:9028.22px;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:912px;left:9303.74px;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:912px;left:9845.81px;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:1104px;left:0px;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:1104px;left:708.15px;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:1104px;left:1010.39px;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:1104px;left:1324.63px;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:1104px;left:1733.75px;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:1104px;left:2074.7px;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:1104px;left:2533.9px;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:1104px;left:2705.73px;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:1104px;left:3437.57px;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:1104px;left:4145.4px;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:1104px;left:4640.27px;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:1104px;left:4859.63px;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:1104px;left:5191.79px;white-space:nowrap">territories
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:5919.61px;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:1104px;left:6328.89px;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:1104px;left:6524.57px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:7039.92px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:7389.67px;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:1104px;left:7582.15px;white-space:nowrap">Guam)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:8101.02px;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:1104px;left:8423.74px;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:8690.46px;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:1104px;left:9277.17px;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:1104px;left:9650.44px;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:1296px;left:0px;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:1296px;left:542.07px;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:1296px;left:1111.19px;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: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">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;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:1632px;left:1064.31px;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:1632px;left:1523.51px;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:1632px;left:1695.35px;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:1632px;left:2427.18px;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:1632px;left:3135.01px;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:3457.72px;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:1632px;left:4177.56px;white-space:nowrap">lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:4589.55px;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:1632px;left:5427.78px;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:1632px;left:5742.02px;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:1632px;left:6553.52px;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:1632px;left:6740.24px;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:1632px;left:7681.82px;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:1632px;left:7853.66px;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:1632px;left:8221.34px;white-space:nowrap">leases.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:8745.97px;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:1632px;left:8900.21px;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:1632px;left:9632.04px;white-space:nowrap">lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:10044.04px;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:10195.08px;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:0px;white-space:nowrap">obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:770.07px;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:1824px;left:941.9px;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:1824px;left:1217.42px;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:1824px;left:1596.45px;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:1824px;left:1783.17px;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:1824px;left:1910.69px;white-space:nowrap">lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:2322.69px;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:1824px;left:2515.16px;white-space:nowrap">installment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:3335.47px;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:1824px;left:4023.14px;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:1824px;left:4345.86px;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:1824px;left:4496.9px;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:1824px;left:4991.77px;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:1824px;left:5211.13px;white-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:5338.65px;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:1824px;left:5729.52px;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:1824px;left:5922px;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:1824px;left:6298.31px;letter-spacing:0.26px;white-space:nowrap">government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:7213.82px;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:1824px;left:7406.3px;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:1824px;left:7975.25px;white-space:nowrap">equipment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:8798.92px;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:1824px;left:9113.16px;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:1824px;left:9773.47px;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:2016px;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:2016px;left:373.27px;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:2016px;left:740.95px;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:2016px;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:2016px;left:2278.37px;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:2429.41px;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:2016px;left:3016.12px;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:2016px;left:3389.39px;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:2016px;left:3780.27px;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:2016px;left:4094.51px;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:2016px;left:4470.82px;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:2016px;left:4885.7px;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:2016px;left:5057.53px;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:2016px;left:5333.05px;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:2016px;left:5723.93px;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:2016px;left:5910.64px;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:2016px;left:6601.36px;white-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:6755.6px;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:2016px;left:7498.94px;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:2016px;left:7685.66px;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:2016px;left:8627.24px;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:2016px;left:9415.23px;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:2016px;left:9631.71px;white-space:nowrap">undivided
</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:-0.32px;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:2208px;left:574.39px;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:2208px;left:746.23px;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:962.71px;white-space:nowrap">unmanaged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:1860.94px;white-space:nowrap">pool
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:2231.34px;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:2208px;left:2418.05px;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:2208px;left:3149.89px;white-space:nowrap">leases,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:3674.52px;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:2208px;left:3891px;white-space:nowrap">installment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:4711.31px;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:2208px;left:5398.98px;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:2208px;left:6219.78px;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:2208px;left:6412.25px;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:2208px;left:6835.77px;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:2208px;left:7750.95px;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:2208px;left:8065.19px;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:2208px;left:8876.7px;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:2208px;left:9501.65px;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:2208px;left:9768.37px;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:2208px;left:10263.24px;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: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:2400px;left:127.52px;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:2400px;left:859.35px;letter-spacing:-1.84px;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:2400px;left:1446.55px;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:2400px;left:1574.07px;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:1935.02px;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:2400px;left:2127.5px;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:2400px;left:2551.01px;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:2400px;left:2995.16px;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:2400px;left:3317.88px;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:2400px;left:3602.51px;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:2400px;left:4254.51px;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:4470.99px;white-space:nowrap">assignment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:5327.3px;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:2400px;left:5514.02px;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:2400px;left:5789.53px;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:2400px;left:6527.45px;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:2400px;left:6719.92px;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:6951.12px;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:2400px;left:7401.68px;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:2400px;left:7621.04px;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:7896.55px;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:2400px;left:8287.43px;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:2400px;left:8479.9px;white-space:nowrap">political
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:9083.89px;white-space:nowrap">subdivision
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:9925.32px;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:2592px;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:2592px;left:367.68px;white-space:nowrap">leases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:847.83px;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:2592px;left:1040.31px;white-space:nowrap">installment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:1860.62px;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:2548.29px;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:3481.73px;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:2592px;left:3870.21px;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:2592px;left:4681.71px;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:2592px;left:5271.3px;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:2592px;left:5546.82px;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:5955.94px;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:2592px;left:6296.41px;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:2592px;left:6571.93px;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:2592px;left:6947.76px;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:2592px;left:7140.24px;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:2592px;left:7267.76px;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:2592px;left:7555.11px;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:2592px;left:7871.91px;white-space:nowrap">undivided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:8630.46px;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:2592px;left:9204.85px;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:2592px;left:9376.69px;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:2592px;left:9652.21px;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:0px;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:2784px;left:731.83px;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:2784px;left:1484.14px;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:2784px;left:1659.82px;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:2784px;left:2341.09px;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:2784px;left:2708.77px;white-space:nowrap">participations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:3718.51px;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:2784px;left:4417.7px;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:2784px;left:5007.29px;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:2784px;left:5282.81px;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:5691.93px;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:2784px;left:6032.4px;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:2784px;left:6307.92px;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:2784px;left:6683.75px;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:2784px;left:6876.23px;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:2784px;left:7513.5px;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:2784px;left:8227.74px;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:2784px;left:8456.05px;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:2784px;left:8737.49px;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:2784px;left:9152.37px;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:2784px;left:9510.92px;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:2784px;left:9967.56px;white-space:nowrap">days&#8217;
</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">notice,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:530.39px;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:2976px;left:717.11px;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:2976px;left:921.43px;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:2976px;left:1113.9px;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:1407.5px;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:2976px;left:1739.01px;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:2976px;left:1925.73px;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:2201.25px;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:2976px;left:2702.37px;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:2976px;left:3643.95px;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:2976px;left:4218.34px;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:2976px;left:4390.18px;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:2976px;left:4665.7px;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:2976px;left:5468.57px;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:2976px;left:6200.4px;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:2976px;left:6952.71px;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:2976px;left:7290.46px;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:2976px;left:7901.02px;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:3312px;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:3312px;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:3312px;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:3312px;left:1064.31px;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:3312px;left:1523.51px;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:3312px;left:1695.35px;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:3312px;left:2427.18px;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:3312px;left:2910.21px;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:3312px;left:3648.13px;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:3312px;left:4355.95px;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:4527.79px;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:4803.31px;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:3312px;left:5182.34px;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:3312px;left:5369.06px;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:3312px;left:5807.61px;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:3312px;left:6506.8px;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:3312px;left:6773.52px;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:3312px;left:7161.84px;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:3312px;left:7354.32px;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:3312px;left:7943.91px;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:8183.74px;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:3312px;left:8974.13px;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:3312px;left:9489.48px;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:3312px;left:10011.24px;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:3504px;left:0px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:879.67px;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:3504px;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:3504px;left:1282.86px;letter-spacing:-1.97px;white-space:nowrap">issuer&#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:1825.1px;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:3504px;left:2364.13px;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:3504px;left:2550.84px;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:3504px;left:2974.36px;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:3504px;left:3659.16px;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:3504px;left:3851.63px;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:3504px;left:4589.7px;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:3504px;left:4903.94px;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:3504px;left:5528.89px;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:3504px;left:5911.45px;white-space:nowrap">maturities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:6657.52px;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:3504px;left:6844.23px;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:3504px;left:7075.43px;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:3504px;left:7267.91px;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:3504px;left:7682.62px;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:3504px;left:8141.98px;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:3504px;left:8530.46px;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:3504px;left:9401.17px;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:3504px;left:9742.12px;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:3696px;left:0px;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:3696px;left:257.76px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:1137.42px;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:3696px;left:1620.46px;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:3696px;left:2237.09px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:3116.76px;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:3696px;left:3599.79px;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:3696px;left:4023.63px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:4903.3px;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:3696px;left:5386.33px;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:3696px;left:5644.09px;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:3696px;left:5958.33px;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:3696px;left:6574.96px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:7454.63px;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:3696px;left:7893.18px;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:3696px;left:8207.42px;white-space:nowrap">construction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:9128.69px;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:3696px;left:9478.44px;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:3696px;left:9961.48px;letter-spacing:-4.44px;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:3888px;left:0px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:879.67px;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:3888px;left:1318.22px;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:3888px;left:1584.94px;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:3888px;left:2079.81px;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:3888px;left:2272.29px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:2829.73px;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:3888px;left:3105.24px;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:3888px;left:3715.47px;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:3888px;left:4230.83px;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:3888px;left:4708.1px;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:3888px;left:4894.82px;letter-spacing:0.22px;white-space:nowrap">governments.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:5922.97px;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:3888px;left:6678.64px;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:3888px;left:7031.28px;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:3888px;left:7298px;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:3888px;left:7792.87px;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:3888px;left:7964.71px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:8844.38px;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:3888px;left:9031.09px;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:3888px;left:9579.24px;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:3888px;left:9837px;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:4080px;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:4080px;left:367.68px;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:4080px;left:563.36px;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:4080px;left:1176.95px;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:4080px;left:1612.63px;letter-spacing:-1.76px;white-space:nowrap">property,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:2299.82px;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:4080px;left:2590.38px;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:4080px;left:2904.61px;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:4080px;left:3556.61px;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:4080px;left:4015.96px;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:4080px;left:4330.2px;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:4080px;left:4596.92px;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:4080px;left:5207.48px;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:4080px;left:5580.75px;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:4080px;left:6013.39px;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:4080px;left:6591.3px;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:4080px;left:7053.37px;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:4080px;left:7512.73px;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:4080px;left:8174.01px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:9053.67px;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:4080px;left:9492.23px;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:4080px;left:9758.95px;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:4080px;left:10253.82px;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:4272px;left:0px;white-space:nowrap">expectation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:885.91px;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:4272px;left:1072.62px;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:4272px;left:1611.66px;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:4272px;left:1798.37px;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:4272px;left:2221.89px;white-space:nowrap">kinds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:2636.76px;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:4272px;left:2823.48px;letter-spacing:-0.32px;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:4272px;left:3484.6px;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:4272px;left:3852.28px;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:4272px;left:4047.95px;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:4272px;left:4590.03px;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:4272px;left:5274.82px;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:4272px;left:5947.46px;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:4272px;left:6409.69px;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:4272px;left:6951.77px;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:4272px;left:7568.4px;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:4272px;left:8131.28px;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:4272px;left:8901.51px;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:9328.38px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:10208.05px;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:4464px;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:4464px;left:266.72px;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:4464px;left:761.59px;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:4464px;left:954.07px;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:4464px;left:1543.66px;white-space:nowrap">interim
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:2085.41px;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:4464px;left:2779.01px;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:4464px;left:3131.32px;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:4464px;left:3883.47px;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:4464px;left:4307.3px;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:4464px;left:5000.9px;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:4464px;left:5294.49px;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:4464px;left:5525.69px;white-space:nowrap">arranged.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:6260.41px;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:4464px;left:6436.08px;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:4464px;left:6833.04px;white-space:nowrap">cases,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:7307.43px;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:4464px;left:7582.95px;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:4464px;left:8335.1px;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:4464px;left:8827.09px;white-space:nowrap">then
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:9191.57px;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:4464px;left:9781.16px;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:4464px;left:10056.68px;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:4656px;left:0px;white-space:nowrap">needed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:595.84px;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:4656px;left:835.67px;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:4656px;left:1644.62px;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:4656px;left:1831.34px;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:4656px;left:2106.86px;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:4656px;left:2530.69px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:3410.36px;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:4656px;left:3893.39px;letter-spacing:-4.44px;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:4656px;left:4172.11px;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:4656px;left:4486.35px;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:4656px;left:5102.99px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:5982.65px;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:4656px;left:6421.21px;white-space:nowrap">combine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:7088.08px;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:4656px;left:7363.6px;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:4656px;left:7956.23px;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:4656px;left:8537.19px;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:4656px;left:8723.9px;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:4656px;left:9103.1px;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:4656px;left:9360.85px;white-space:nowrap">anticipation
</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">notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:438.55px;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:4848px;left:752.79px;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:4848px;left:1369.43px;white-space:nowrap">anticipation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:2249.1px;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:4848px;left:2732.13px;white-space:nowrap">Construction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:3688.92px;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:4848px;left:4038.67px;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:4848px;left:4477.23px;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:4848px;left:4743.95px;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:4848px;left:5087.62px;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:4848px;left:5280.1px;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:4848px;left:5869.69px;white-space:nowrap">construction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:6790.95px;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:4848px;left:7529.03px;white-space:nowrap">Mortgage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:8284.54px;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:4848px;left:8723.09px;letter-spacing:-0.36px;white-space:nowrap">insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:9289.01px;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:4848px;left:9508.36px;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:4848px;left:9783.88px;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:5040px;left:0px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:637.11px;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:5040px;left:1339.02px;letter-spacing:-0.41px;white-space:nowrap">secure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:1845.9px;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:5040px;left:2278.53px;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:5040px;left:2761.57px;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:5040px;left:3443.32px;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:5040px;left:3718.84px;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:5040px;left:4427.15px;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:5040px;left:4800.42px;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:5040px;left:5075.94px;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:5040px;left:5796.1px;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:5040px;left:6137.05px;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:5040px;left:6368.25px;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:5040px;left:6676.41px;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:5040px;left:7034.97px;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:5040px;left:7310.48px;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:5040px;left:8051.59px;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:5040px;left:8839.75px;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:5040px;left:9026.46px;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:5040px;left:9301.98px;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:5040px;left:9971.73px;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:5232px;left:0px;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:5232px;left:657.43px;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:5232px;left:971.67px;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:5232px;left:1546.06px;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:5232px;left:1774.38px;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:5232px;left:2049.9px;white-space:nowrap">mortgage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:2799.32px;white-space:nowrap">note
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:3169.72px;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:5232px;left:3299.96px;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:5232px;left:3714.67px;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:5232px;left:3999.31px;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:5232px;left:4408.43px;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:5232px;left:4535.95px;white-space:nowrap">default.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:5122.5px;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:5232px;left:5436.74px;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:5232px;left:6280.89px;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:5232px;left:6965.69px;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:5232px;left:7338.96px;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:5232px;left:7798.32px;white-space:nowrap">grants
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:8286.95px;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:5232px;left:8479.42px;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:5232px;left:8903.26px;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:5232px;left:9596.85px;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:5424px;left:0px;letter-spacing:-0.41px;white-space:nowrap">secure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:506.88px;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:5424px;left:782.4px;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:5424px;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:5424px;left:1807.34px;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:5424px;left:2023.82px;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:5424px;left:2474.05px;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:5424px;left:2660.77px;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:5424px;left:3392.6px;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:5760px;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:5760px;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:5760px;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:5760px;left:1064.31px;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:5760px;left:1523.51px;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:5760px;left:1695.35px;white-space:nowrap">&#8220;tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:2400.78px;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:5760px;left:3203.33px;white-space:nowrap">bonds.&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:3822.84px;letter-spacing:-2.22px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:4466.19px;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:5760px;left:5268.74px;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:5760px;left:5760.73px;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:5760px;left:6027.45px;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:5760px;left:6759.28px;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:5760px;left:7467.11px;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:5760px;left:7789.83px;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:5760px;left:8056.55px;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:5760px;left:8661.18px;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:5760px;left:8853.66px;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:5760px;left:9464.21px;white-space:nowrap">solely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:9914.61px;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:5760px;left:10287.88px;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:5952px;left:0px;white-space:nowrap">collateralization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5952px;left:1157.9px;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:5952px;left:1344.61px;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:5952px;left:1620.13px;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:5952px;left:2328.44px;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:5952px;left:2701.72px;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:5952px;left:3081.07px;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:5952px;left:3561.07px;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:5952px;left:3753.54px;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:5952px;left:4177.06px;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:5952px;left:4846px;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:5952px;left:5402.95px;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:5952px;left:5678.47px;white-space:nowrap">tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5952px;left:6300.86px;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:6288px;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:6288px;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:6288px;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:6288px;left:1064.31px;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:6288px;left:1523.51px;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:6288px;left:1695.35px;letter-spacing:-0.44px;white-space:nowrap">pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:2679.02px;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:6288px;left:3410.85px;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:6288px;left:4163.16px;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:6288px;left:4477.4px;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:6288px;left:5134.83px;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:6288px;left:5321.54px;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:6288px;left:5635.78px;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:6288px;left:6210.17px;letter-spacing:-0.22px;white-space:nowrap">on&#160;pre-refunded&#160;municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:8153.99px;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:6288px;left:8861.82px;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:6288px;left:9128.54px;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:6288px;left:9356.86px;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:6288px;left:9863.41px;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:6480px;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:6480px;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:6480px;left:648.79px;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:6480px;left:1226.22px;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:6480px;left:1842.86px;letter-spacing:-0.41px;white-space:nowrap">source
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:2355.65px;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:6480px;left:2595.49px;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:6480px;left:2871.01px;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:6480px;left:3623.32px;white-space:nowrap">Instead,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:4234.51px;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:6480px;left:4510.03px;letter-spacing:-0.41px;white-space:nowrap">source
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:5022.82px;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:6480px;left:5209.54px;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:6480px;left:5577.22px;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:6480px;left:6315.13px;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:6480px;left:6466.17px;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:6480px;left:7091.12px;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:6480px;left:7307.6px;letter-spacing:-0.41px;white-space:nowrap">escrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:7846.95px;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:6480px;left:8214.47px;white-space:nowrap">consisting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:8972.85px;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:6480px;left:9159.57px;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:6480px;left:9491.73px;letter-spacing:0.26px;white-space:nowrap">government
</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">securities.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:752.31px;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:6672px;left:1066.55px;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:6672px;left:1540.62px;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:6672px;left:1712.46px;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:6672px;left:1987.98px;letter-spacing:-0.41px;white-space:nowrap">escrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:2527.33px;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:6672px;left:2894.85px;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:6672px;left:3161.57px;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:6672px;left:3748.12px;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:6672px;left:4121.39px;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:6672px;left:4396.91px;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:6672px;left:5105.22px;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:6672px;left:5291.94px;letter-spacing:-0.29px;white-space:nowrap">refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:6023.77px;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:6672px;left:6515.77px;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:6672px;left:7010.64px;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:6672px;left:7230px;white-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:7505.52px;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:6672px;left:7926.48px;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:6672px;left:8376.71px;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:6672px;left:8572.39px;letter-spacing:-0.21px;white-space:nowrap">the&#160;pre-refunded&#160;municipal
</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">securities.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:752.31px;white-space:nowrap">Issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:1274.54px;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:6864px;left:1461.26px;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:6864px;left:2193.09px;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:6864px;left:2900.92px;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:6864px;left:3191.48px;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:6864px;left:3484.59px;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:6864px;left:4125.07px;letter-spacing:-0.29px;white-space:nowrap">refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:4856.9px;white-space:nowrap">technique
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:5612.58px;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:6864px;left:5805.05px;white-space:nowrap">obtain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:6305.69px;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:6864px;left:6720.56px;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:6864px;left:7428.71px;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:6864px;left:7875.74px;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:6864px;left:8216.22px;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:6864px;left:8785.01px;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:6864px;left:8977.49px;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:6864px;left:9685.31px;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:7056px;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:7056px;left:266.72px;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:7056px;left:548.15px;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:7056px;left:811.83px;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:7056px;left:1368.78px;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:7056px;left:1561.26px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:1842.7px;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:7056px;left:2035.17px;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:7056px;left:2915px;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:7056px;left:3134.36px;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:7056px;left:3409.88px;letter-spacing:-1.84px;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:7056px;left:3889.87px;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:7056px;left:4171.31px;white-space:nowrap">example,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:4870.82px;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:7056px;left:5511.3px;letter-spacing:-0.29px;white-space:nowrap">refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:6243.13px;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:7056px;left:6841.85px;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:7056px;left:7058.33px;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:7056px;left:7508.56px;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:7056px;left:7701.04px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:8397.67px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:8779.75px;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:7056px;left:8960.38px;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:7056px;left:9395.73px;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:7248px;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:7248px;left:574.39px;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:7248px;left:1009.75px;letter-spacing:-0.48px;white-space:nowrap">restructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:1815.18px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:2197.25px;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:7248px;left:2389.73px;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:7248px;left:3017.88px;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:7248px;left:3379.64px;text-rendering:optimizeLegibility;white-space:nowrap">flow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:3720.43px;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:7248px;left:3912.91px;white-space:nowrap">eliminate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:4611.94px;letter-spacing:-0.24px;white-space:nowrap">restrictive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:5343.12px;white-space:nowrap">covenants
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:6107.92px;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:7248px;left:6279.75px;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:7248px;left:6555.27px;letter-spacing:-0.29px;white-space:nowrap">indenture
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:7284.06px;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:7248px;left:7476.54px;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:7248px;left:7900.05px;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:7248px;left:8673.32px;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:7248px;left:9475.87px;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:7248px;left:9715.71px;letter-spacing:-0.36px;white-space:nowrap">the&#160;
pre-</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:-0.15px;white-space:nowrap">refunded&#160;municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:1425.27px;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:7440px;left:2177.58px;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:7440px;left:2885.89px;white-space:nowrap">except
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:3413.4px;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:7440px;left:3653.23px;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:7440px;left:3780.75px;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:7440px;left:4350.03px;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:4521.87px;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:7440px;left:4797.39px;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:7440px;left:5414.03px;letter-spacing:-0.41px;white-space:nowrap">source
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:5926.82px;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:7440px;left:6300.1px;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:7440px;left:6753.53px;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:7440px;left:7410.96px;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:7440px;left:7725.2px;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:7440px;left:8299.59px;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:7440px;left:9037.5px;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:7440px;left:9304.22px;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:7440px;left:9799.26px;letter-spacing:-0.36px;white-space:nowrap">the&#160;
pre-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:0px;letter-spacing:-0.15px;white-space:nowrap">refunded&#160;municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:1425.27px;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:7632px;left:2133.1px;letter-spacing:-0.41px;white-space:nowrap">remain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:2663.49px;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:7632px;left:3561.08px;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:7632px;left:3789.4px;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:7632px;left:4156.43px;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:7632px;left:4733.86px;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:7632px;left:5180.89px;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:7632px;left:5533.21px;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:7632px;left:5885.84px;letter-spacing:-0.41px;white-space:nowrap">mature
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:6430.96px;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:7632px;left:6623.43px;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:7632px;left:6890.15px;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:7632px;left:7672.55px;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:7632px;left:7891.9px;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:7632px;left:8167.42px;letter-spacing:-2.1px;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:7968px;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:7968px;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:7968px;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:7968px;left:1064.31px;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:7968px;left:1523.51px;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:7968px;left:1695.35px;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:7968px;left:2231.34px;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:7968px;left:2773.25px;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:7968px;left:3309.72px;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:7968px;left:3839.79px;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:7968px;left:4381.7px;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:7968px;left:4873.7px;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:7968px;left:5140.42px;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:7968px;left:5635.29px;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:7968px;left:5854.65px;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:7968px;left:6047.12px;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:7968px;left:6275.44px;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:7968px;left:6764.4px;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:7968px;left:6951.11px;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:7968px;left:7433.99px;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:7968px;left:8227.57px;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:7968px;left:8420.05px;white-space:nowrap">obtain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7968px;left:8920.68px;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:7968px;left:9356.36px;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:7968px;left:9548.83px;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:8160px;left:0px;white-space:nowrap">privately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:651.51px;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:8160px;left:1353.58px;white-space:nowrap">housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:1964.13px;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:8160px;left:2624.44px;white-space:nowrap">airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:3186.83px;white-space:nowrap">mass
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:3586.98px;white-space:nowrap">transit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:4069.38px;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:8160px;left:4261.85px;white-space:nowrap">port
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:4605.2px;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:8160px;left:5265.51px;white-space:nowrap">sewage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:5852.39px;white-space:nowrap">disposal,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:6527.9px;white-space:nowrap">solid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:6909.97px;white-space:nowrap">waste
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:7363.24px;white-space:nowrap">disposal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:7994.27px;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:8160px;left:8186.75px;letter-spacing:-0.29px;white-space:nowrap">hazardous
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:8954.42px;white-space:nowrap">waste
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:9407.7px;letter-spacing:-0.29px;white-space:nowrap">treatment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:10148.01px;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:8352px;left:0px;white-space:nowrap">disposal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:631.03px;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:8352px;left:1246.86px;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:8352px;left:1561.1px;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:8352px;left:2088.29px;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:8352px;left:2464.6px;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:8352px;left:3080.43px;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:8352px;left:3320.26px;white-space:nowrap">water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:3758.5px;letter-spacing:-1.84px;white-space:nowrap">supply,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:4300.89px;white-space:nowrap">gas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:4594.33px;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:8352px;left:4786.8px;letter-spacing:-1.13px;white-space:nowrap">electricity.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:5544.87px;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:8352px;left:6006.95px;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:8352px;left:6436.54px;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:8352px;left:6623.26px;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:8352px;left:7159.25px;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:8352px;left:7701.16px;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:8352px;left:8237.63px;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:8352px;left:8513.15px;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:8352px;left:9221.46px;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:8352px;left:9408.18px;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:8352px;left:9861.61px;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:8352px;left:10128.33px;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:8544px;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:8544px;left:239.83px;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:8544px;left:515.35px;white-space:nowrap">construction,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:1481.1px;white-space:nowrap">equipment,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:2349.25px;letter-spacing:-0.41px;white-space:nowrap">repair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:2805.24px;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:8544px;left:2997.72px;letter-spacing:-0.24px;white-space:nowrap">improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:3993.23px;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:8544px;left:4179.94px;white-space:nowrap">privately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:4831.45px;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:8544px;left:5533.52px;white-space:nowrap">industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:6226.31px;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:8544px;left:6418.78px;letter-spacing:-0.26px;white-space:nowrap">commercial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:7284.05px;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:8544px;left:7944.36px;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:8544px;left:8285.32px;white-space:nowrap">constitute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:9034.58px;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:8544px;left:9766.42px;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:8736px;left:0px;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:8736px;left:678.55px;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:8736px;left:954.07px;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:8736px;left:1499.02px;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:8736px;left:2041.1px;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:8736px;left:2298.85px;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:8736px;left:2648.45px;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:8736px;left:3078.2px;white-space:nowrap">substantial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8736px;left:3883.79px;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:8736px;left:4659.46px;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:8736px;left:4887.77px;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:8736px;left:5163.29px;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:8736px;left:5471.45px;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:8736px;left:5658.16px;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:8736px;left:6025.84px;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:9072px;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:9072px;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:9072px;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:9072px;left:1064.31px;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:9072px;left:1523.51px;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:9072px;left:1695.35px;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:9072px;left:2243.5px;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:9072px;left:2830.05px;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:9072px;left:3152.77px;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:9072px;left:3860.6px;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:9072px;left:4355.47px;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:9072px;left:4574.83px;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:9072px;left:4702.35px;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:9072px;left:5072.91px;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:9072px;left:5478.34px;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:9072px;left:5753.85px;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:9072px;left:6328.25px;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:9072px;left:6650.96px;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:9072px;left:6879.28px;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:9072px;left:7332.71px;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:9072px;left:7785.99px;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:9072px;left:8449.66px;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:9072px;left:8790.13px;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:9072px;left:9065.65px;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:9072px;left:9794.28px;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:9264px;left:0px;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:9264px;left:669.75px;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:9264px;left:1280.15px;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:9264px;left:2139.49px;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:9264px;left:2929.88px;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:9264px;left:3297.07px;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:9264px;left:3750.51px;letter-spacing:-0.41px;white-space:nowrap">resets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9264px;left:4212.58px;letter-spacing:-1.84px;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:9264px;left:4772.9px;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:9264px;left:4965.37px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9264px;left:5092.89px;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:9264px;left:5593.2px;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:9264px;left:6383.58px;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:9264px;left:6750.78px;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:9264px;left:7065.02px;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:9264px;left:7216.05px;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:9264px;left:7850.29px;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:9264px;left:8069.65px;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:9264px;left:8345.17px;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:9264px;left:9056.68px;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:9264px;left:9601.64px;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:9264px;left:9794.11px;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:9264px;left:10069.63px;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:9456px;left:0px;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:9456px;left:405.43px;letter-spacing:-2.95px;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:9456px;left:1081.1px;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:9456px;left:1629.26px;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:9456px;left:2215.81px;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:9456px;left:2538.52px;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:9456px;left:3246.35px;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:9456px;left:3966.19px;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:9456px;left:4698.18px;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:9456px;left:5340.73px;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:9456px;left:5512.57px;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:9456px;left:5640.09px;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:9456px;left:6176.4px;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:9456px;left:6810.47px;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:9456px;left:7171.43px;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:9456px;left:8030.77px;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:9456px;left:8498.93px;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:9456px;left:8626.45px;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:9456px;left:8997px;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:9456px;left:9399.56px;letter-spacing:0.41px;white-space:nowrap">formed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9456px;left:9965.31px;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:9456px;left:10184.66px;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:9648px;left:0px;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:9648px;left:372.95px;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:9648px;left:781.59px;white-space:nowrap">sponsor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9648px;left:1391.98px;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:9648px;left:1631.81px;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:9648px;left:1907.33px;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:9648px;left:2541.4px;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:9648px;left:2728.12px;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:9648px;left:3317.71px;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:9648px;left:4049.54px;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:9648px;left:4586.02px;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:9648px;left:5138.01px;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:9648px;left:5724.56px;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:9648px;left:6047.28px;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:9648px;left:6755.1px;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:9648px;left:7096.06px;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:9648px;left:7724.38px;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:9648px;left:7916.85px;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:9648px;left:8604.53px;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:9648px;left:8776.37px;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:9648px;left:9197.32px;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:9648px;left:9377.96px;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:9648px;left:9505.48px;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:9648px;left:10065.15px;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:9840px;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:9840px;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:9840px;left:634.07px;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:9840px;left:1436.95px;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:9840px;left:2011.34px;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:9840px;left:2334.05px;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:9840px;left:2562.37px;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:9840px;left:2837.89px;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:9840px;left:3569.72px;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:9840px;left:3993.55px;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:9840px;left:4352.11px;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:9840px;left:4571.47px;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:9840px;left:4846.99px;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:9840px;left:5217.54px;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:9840px;left:5622.98px;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:9840px;left:6076.41px;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:9840px;left:6840.88px;white-space:nowrap">leverages
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9840px;left:7569.83px;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:9840px;left:7845.35px;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:9840px;left:8346.47px;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:10176px;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:10176px;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:10176px;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:10176px;left:1064.31px;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:10176px;left:1523.51px;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:10176px;left:1695.35px;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:10176px;left:2281.9px;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:10176px;left:2604.61px;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:10176px;left:3312.44px;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:10176px;left:3807.32px;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:10176px;left:4026.67px;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:10176px;left:4562.99px;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:10176px;left:5197.06px;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:10176px;left:5670.65px;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:10176px;left:6298.64px;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:10176px;left:6621.36px;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:10176px;left:7329.19px;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:10176px;left:7670.14px;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:10176px;left:8016.86px;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:10176px;left:8292.38px;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:10176px;left:8671.41px;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:10176px;left:8858.13px;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:10176px;left:9648.51px;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:10176px;left:10235.06px;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:10368px;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:10368px;left:707.83px;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:10368px;left:900.31px;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:10368px;left:1175.82px;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:10368px;left:1688.29px;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:10368px;left:2203.65px;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:10368px;left:2544.6px;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:10368px;left:2775.8px;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:10368px;left:3696.91px;letter-spacing:-1.84px;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:10368px;left:4233.22px;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:10368px;left:4988.89px;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:10368px;left:5264.41px;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:10368px;left:5838.8px;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:10368px;left:6161.52px;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:10368px;left:6709.67px;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:10368px;left:6984.87px;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:10368px;left:7216.06px;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:10368px;left:7696.22px;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:10368px;left:8111.26px;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:10368px;left:8386.77px;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:10368px;left:8922.93px;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:10368px;left:9313.8px;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:10368px;left:9553.64px;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:10560px;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:10560px;left:707.83px;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:10560px;left:1048.3px;white-space:nowrap">maturities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10560px;left:1794.37px;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:10560px;left:1986.85px;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:10560px;left:2887.31px;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:10560px;left:3648.74px;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:10560px;left:3971.46px;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:10560px;left:4238.18px;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:10560px;left:5133.04px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10560px;left:5304.88px;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:10560px;left:5947.59px;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:10560px;left:6140.07px;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:10560px;left:6415.59px;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:10560px;left:7046.46px;white-space:nowrap">interval
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10560px;left:7612.05px;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:10560px;left:7798.76px;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:10560px;left:8074.28px;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:10560px;left:8589.63px;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:10560px;left:9146.58px;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:10560px;left:9600.02px;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:10560px;left:9940.98px;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:10560px;left:10275.85px;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:10752px;left:0px;letter-spacing:-1.84px;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:10752px;left:560.31px;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:10752px;left:752.79px;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:10752px;left:1404.78px;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:10752px;left:1597.26px;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:10752px;left:2323.33px;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:10752px;left:2906.84px;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:10752px;left:3093.56px;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:10752px;left:3410.84px;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:10752px;left:3757.55px;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:10752px;left:3950.03px;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:10752px;left:4574.82px;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:10752px;left:5034.17px;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:10752px;left:5461.05px;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:10752px;left:5736.57px;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:10752px;left:6249.04px;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:10752px;left:6794.16px;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:10752px;left:7078.79px;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:10752px;left:7206.31px;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:10752px;left:7751.1px;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:10752px;left:8129.98px;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:10752px;left:8488.53px;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:10752px;left:8764.05px;text-rendering:optimizeLegibility;white-space:nowrap">final
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10752px;left:9104.85px;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:10752px;left:9732.51px;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:10752px;left:9924.99px;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:10752px;left:10229.78px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10944px;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:10944px;left:367.36px;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:10944px;left:554.07px;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:10944px;left:829.59px;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:10944px;left:1632.46px;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:10944px;left:2056.3px;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:10944px;left:2826.53px;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:10944px;left:2998.36px;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:10944px;left:3273.88px;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:10944px;left:3679.31px;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:10944px;left:3954.83px;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:10944px;left:4363.95px;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:10944px;left:4559.63px;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:10944px;left:4835.15px;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:10944px;left:5341.7px;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:10944px;left:5528.42px;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:10944px;left:5803.93px;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:10944px;left:6390.48px;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:10944px;left:6713.2px;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:10944px;left:7302.63px;letter-spacing:-0.41px;white-space:nowrap">relies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10944px;left:7720.22px;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:10944px;left:8135.26px;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:10944px;left:8410.78px;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:10944px;left:8857.81px;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:10944px;left:9044.53px;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:10944px;left:9320.04px;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:10944px;left:10140.84px;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:11136px;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:11136px;left:275.52px;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:11136px;left:903.83px;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:11136px;left:1652.78px;letter-spacing:0.26px;white-space:nowrap">furnishing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11136px;left:2399.17px;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:11136px;left:2674.68px;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:11136px;left:3187.15px;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:11136px;left:3382.83px;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:11136px;left:3708.59px;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:11136px;left:3904.27px;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:11136px;left:4179.78px;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:11136px;left:4629.86px;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:11136px;left:5263.61px;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:11136px;left:5450.32px;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:11136px;left:5773.04px;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:11136px;left:6566.46px;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:11136px;left:6788.86px;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:11136px;left:7306.93px;white-space:nowrap">assurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11136px;left:8050.93px;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:11136px;left:8237.64px;letter-spacing:-1.34px;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:11136px;left:8880.19px;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:11136px;left:9155.71px;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:11136px;left:9602.74px;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:11136px;left:9789.46px;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:11136px;left:10064.98px;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:11328px;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:11328px;left:589.59px;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:11328px;left:829.43px;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:11328px;left:956.95px;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:11328px;left:1759.49px;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:11328px;left:1946.21px;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:11328px;left:2221.73px;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:11328px;left:2953.56px;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:11328px;left:3542.99px;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:11328px;left:4313.22px;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:11328px;left:4485.06px;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:11328px;left:4760.57px;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:11328px;left:5121.53px;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:11328px;left:5435.76px;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:11328px;left:5711.28px;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:11328px;left:6546.63px;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:11328px;left:6733.34px;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:11328px;left:7008.86px;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:11328px;left:7717.18px;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:11328px;left:7909.65px;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:11328px;left:8212.05px;letter-spacing:-0.72px;white-space:nowrap">off
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:8443.24px;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:11328px;left:8718.76px;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:11328px;left:9305.31px;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:11328px;left:9628.03px;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:11328px;left:10247.22px;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:11520px;left:0px;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:11520px;left:429.11px;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:11520px;left:751.83px;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:11520px;left:1018.54px;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:11520px;left:1771.18px;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:11520px;left:1963.65px;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:11520px;left:2360.77px;text-rendering:optimizeLegibility;letter-spacing:0.12px;white-space:nowrap">both&#160;
short-term&#160;floating </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11520px;left:4116.9px;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:11520px;left:4439.61px;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:11520px;left:5147.44px;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:11520px;left:5461.68px;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:11520px;left:6009.83px;text-rendering:optimizeLegibility;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:11520px;left:6581.5px;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:11520px;left:7280.7px;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:11520px;left:7843.73px;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:11520px;left:8646.28px;white-space:nowrap">triggers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11520px;left:9241.15px;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:11520px;left:9433.62px;letter-spacing:-0.36px;white-space:nowrap">protect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11520px;left:9993.29px;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:11712px;left:0px;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:11712px;left:607.19px;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:11712px;left:779.03px;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:11712px;left:1054.55px;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:11712px;left:1641.1px;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:11712px;left:1963.81px;letter-spacing:-1.64px;white-space:nowrap">security.</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">90</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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Shareholder
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1871.68px;white-space:nowrap">Update
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:2984.16px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4235.41px;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">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">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;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:0px;left:1064.31px;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:0px;left:1523.51px;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:0px;left:1695.35px;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:0px;left:2427.18px;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:0px;left:3135.01px;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:0px;left:3629.88px;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:3849.24px;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:0px;left:4385.55px;white-space:nowrap">taxing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4868.43px;white-space:nowrap">districts.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5504.73px;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:0px;left:6061.85px;white-space:nowrap">taxing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6544.72px;white-space:nowrap">districts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7136.55px;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:0px;left:7403.27px;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:0px;left:8155.9px;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:0px;left:8348.37px;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:0px;left:8701.01px;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:0px;left:9015.25px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9572.69px;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:192px;left:0px;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:192px;left:1063.83px;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:1256.3px;white-space:nowrap">induce
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1780.94px;letter-spacing:-0.22px;white-space:nowrap">residential,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2604.29px;letter-spacing:-0.26px;white-space:nowrap">commercial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3469.56px;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:192px;left:3783.8px;white-space:nowrap">industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4476.58px;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:192px;left:5021.54px;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:192px;left:5335.77px;letter-spacing:-0.19px;white-space:nowrap">redevelopment.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6515.12px;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:192px;left:6829.36px;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:7253.2px;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:192px;left:7946.79px;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:192px;left:8619.42px;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:192px;left:8987.1px;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:192px;left:9182.78px;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:192px;left:9440.53px;letter-spacing:-0.29px;white-space:nowrap">increment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">finance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:601.92px;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:384px;left:859.67px;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:384px;left:1760.63px;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:384px;left:2296.94px;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:384px;left:2901.41px;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:384px;left:3425.08px;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:384px;left:3739.32px;white-space:nowrap">Mello-Roos
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:4592.9px;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:384px;left:5129.38px;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:5396.1px;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:384px;left:6095.29px;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:384px;left:6705.84px;white-space:nowrap">solely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7156.24px;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:7529.51px;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:384px;left:7944.38px;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:384px;left:8136.86px;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:384px;left:8560.37px;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:384px;left:9245.17px;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:384px;left:10118.44px;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:384px;left:10310.91px;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:576px;left:0px;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:576px;left:577.91px;letter-spacing:-0.32px;white-space:nowrap">projects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1191.02px;text-rendering:optimizeLegibility;white-space:nowrap">financed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1846.22px;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:2065.58px;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:576px;left:2341.09px;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:576px;left:2833.09px;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:576px;left:3410.52px;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:576px;left:4065.39px;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:576px;left:4257.87px;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:576px;left:4533.38px;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:576px;left:4983.46px;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:5175.93px;white-space:nowrap">taxing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:5658.81px;white-space:nowrap">power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:6153.52px;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:576px;left:6340.23px;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:576px;left:6885.19px;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:576px;left:7077.66px;white-space:nowrap">overlapping
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:7978.29px;white-space:nowrap">municipalities.
</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">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;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:912px;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:912px;left:1064.31px;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:912px;left:1523.51px;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:912px;left:1695.35px;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:912px;left:2042.06px;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:912px;left:2629.1px;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:912px;left:3165.57px;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:912px;left:3319.81px;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:912px;left:3666.53px;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:912px;left:4253.56px;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:4677.4px;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:912px;left:4828.43px;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:912px;left:4955.95px;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:5379.79px;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:912px;left:5702.5px;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:912px;left:6327.45px;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:912px;left:6721.69px;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:912px;left:7003.12px;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:912px;left:7305.52px;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:912px;left:7879.91px;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:8119.75px;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:912px;left:8395.26px;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:912px;left:8848.38px;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:912px;left:9105.97px;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:912px;left:9292.69px;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:9568.21px;white-space:nowrap">obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:10338.27px;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:1104px;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:1104px;left:239.83px;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:1104px;left:456.31px;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:1104px;left:879.5px;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:1104px;left:1394.86px;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:1104px;left:1764.93px;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:1104px;left:2040.45px;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:1104px;left:2686.68px;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:1104px;left:2873.4px;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:1104px;left:3148.92px;white-space:nowrap">obligation.</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">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;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:1440px;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:1440px;left:1064.31px;white-space:nowrap">buy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:1372.63px;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:1440px;left:1686.87px;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:1440px;left:1965.27px;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:1440px;left:2673.1px;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:1440px;left:2901.41px;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:1440px;left:3028.93px;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:1440px;left:3959.48px;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:1440px;left:4151.96px;white-space:nowrap">delayed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:4768.44px;white-space:nowrap">delivery
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:5372.75px;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:1440px;left:5817.22px;white-space:nowrap">making
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:6383.3px;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:1440px;left:7053.05px;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:1440px;left:7245.52px;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:1440px;left:7728.4px;white-space:nowrap">delivery
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:8332.71px;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:1440px;left:8513.35px;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:1440px;left:8640.87px;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:1440px;left:9001.98px;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:1440px;left:9413.82px;letter-spacing:0.32px;white-space:nowrap">normally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:10071.4px;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:1632px;left:0px;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:1632px;left:222.4px;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:1632px;left:414.88px;white-space:nowrap">45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:637.28px;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:1632px;left:1007.83px;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:1632px;left:1194.55px;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:1632px;left:1470.07px;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:1632px;left:1890.54px;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:1968px;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:1968px;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:1968px;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:1968px;left:1064.31px;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:1968px;left:1523.19px;letter-spacing:-0.26px;white-space:nowrap">structured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1968px;left:2287.18px;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:1968px;left:2725.73px;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:1968px;left:3039.97px;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:1968px;left:3540.28px;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:1968px;left:4410.99px;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:1968px;left:4650.82px;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:1968px;left:5477.37px;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:1968px;left:6179.6px;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:1968px;left:6493.84px;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:1968px;left:6822.8px;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:1968px;left:7062.63px;white-space:nowrap">hedging
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1968px;left:7705.66px;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:1968px;left:8452.38px;letter-spacing:-0.26px;white-space:nowrap">Structured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1968px;left:9237.17px;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:1968px;left:9675.72px;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:1968px;left:9942.44px;white-space:nowrap">privately
</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">negotiated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:829.43px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:1211.5px;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:2160px;left:2049.73px;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:2160px;left:2526.85px;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:2160px;left:2802.36px;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:2160px;left:3459.79px;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:2160px;left:3981.23px;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:2160px;left:4555.62px;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:2160px;left:4706.66px;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:2160px;left:5586.32px;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:5805.68px;letter-spacing:-0.58px;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:2160px;left:6519.92px;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:2160px;left:6712.39px;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:2160px;left:6987.91px;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:2160px;left:7944.86px;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:2160px;left:8131.57px;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:2160px;left:8259.09px;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:2160px;left:9094.92px;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:2160px;left:9545.32px;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:2160px;left:10081.47px;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:2352px;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:2352px;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:2352px;left:897.11px;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:1155.19px;white-space:nowrap">&#8220;embedded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:2076.94px;white-space:nowrap">index&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:2681.73px;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:2352px;left:3049.41px;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:2352px;left:3245.09px;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:2352px;left:3891px;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:2352px;left:4643.31px;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:4859.79px;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:2352px;left:5295.47px;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:2352px;left:5482.19px;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:2352px;left:6190.01px;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:2352px;left:6382.49px;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:2352px;left:7070px;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:2352px;left:7644.39px;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:2352px;left:8079.75px;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:2352px;left:8272.22px;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:2352px;left:8547.74px;letter-spacing:-0.44px;white-space:nowrap">differential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:9350.29px;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:2352px;left:10307.24px;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:2544px;left:0px;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:2544px;left:307.99px;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:2544px;left:782.07px;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:2544px;left:974.54px;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:2880px;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:2880px;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:2880px;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:2880px;left:1064.31px;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:2880px;left:1523.51px;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:2880px;left:1695.35px;white-space:nowrap">illiquid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2880px;left:2216.3px;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:2880px;left:2924.13px;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:2880px;left:3271px;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:2880px;left:3978.83px;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:2880px;left:4301.55px;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:2880px;left:4568.27px;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:2880px;left:4849.7px;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:2880px;left:5368.1px;white-space:nowrap">marketable),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2880px;left:6298.48px;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:2880px;left:7042.16px;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:2880px;left:7326.47px;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:2880px;left:7607.91px;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:2880px;left:8143.74px;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:2880px;left:8380.69px;letter-spacing:-0.26px;white-space:nowrap">restricted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2880px;left:9094.12px;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:2880px;left:9801.95px;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:3072px;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:3072px;left:275.52px;white-space:nowrap">disposition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:1098.86px;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:3072px;left:1285.58px;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:3072px;left:1739.01px;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:3072px;left:1890.05px;letter-spacing:-0.26px;white-space:nowrap">restricted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:2603.48px;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:3072px;left:3065.72px;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:3072px;left:3341.23px;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:3072px;left:3883.31px;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:3072px;left:4591.14px;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:3072px;left:5026.81px;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:3072px;left:5734.64px;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:3072px;left:6057.35px;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:3072px;left:6398.31px;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:3072px;left:6629.51px;letter-spacing:-0.41px;white-space:nowrap">resold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:7112.38px;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:3072px;left:7456.22px;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:3072px;left:8122.77px;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:3072px;left:8315.25px;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:3072px;left:8670.92px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:9092.04px;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:3072px;left:9554.28px;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:3072px;left:9829.79px;white-space:nowrap">1933
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:10230.11px;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:3264px;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:3264px;left:314.24px;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:3264px;left:1141.11px;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:3264px;left:2030.07px;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:3264px;left:2370.54px;white-space:nowrap">maturities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3264px;left:3116.61px;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:3264px;left:3288.44px;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:3264px;left:3801.4px;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:3264px;left:3988.12px;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:3264px;left:4444.76px;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:3600px;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:3600px;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:3600px;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:3600px;left:1064.31px;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:3600px;left:1481.91px;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:3600px;left:1801.74px;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:3600px;left:2328.94px;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:3600px;left:3069.4px;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:3600px;left:3940.11px;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:3600px;left:4111.95px;white-space:nowrap">pursuit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:4644.9px;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:3600px;left:4831.62px;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:3600px;left:5035.77px;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:3600px;left:5862.32px;white-space:nowrap">objectives,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:6674.15px;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:3600px;left:7373.34px;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:3600px;left:7565.82px;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:3600px;left:7933.5px;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:3600px;left:8125.97px;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:3600px;left:8775.41px;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:3600px;left:9290.61px;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:3600px;left:9483.08px;white-space:nowrap">hedge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:9989.96px;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:3792px;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:3792px;left:349.43px;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:3792px;left:536.15px;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:3792px;left:740.31px;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:3792px;left:1635.01px;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:3792px;left:1806.85px;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:3792px;left:2538.68px;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:3792px;left:3246.51px;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:3792px;left:3438.99px;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:3792px;left:3634.67px;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:3792px;left:3762.19px;white-space:nowrap">substitute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:4505.38px;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:3792px;left:4745.21px;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:3792px;left:4872.73px;white-space:nowrap">position
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:5491.76px;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:3792px;left:5663.6px;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:3792px;left:5939.11px;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:3792px;left:6741.98px;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:3792px;left:7192.38px;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:3792px;left:7580.86px;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:3792px;left:8451.57px;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:3792px;left:9014.6px;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:3792px;left:9642.92px;letter-spacing:-0.36px;white-space:nowrap">futures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:0px;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:3984px;left:737.59px;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:3984px;left:1146.54px;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:3984px;left:1839.65px;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:3984px;left:2580.44px;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:3984px;left:3154.83px;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:3984px;left:3477.55px;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:3984px;left:3999.14px;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:3984px;left:4449.22px;white-space:nowrap">default
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:4991.29px;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:3984px;left:5468.4px;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:3984px;left:5782.64px;white-space:nowrap">MMD
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:6230.48px;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:3984px;left:6594.96px;white-space:nowrap">Locks),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:7122.79px;white-space:nowrap">options
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:7703.42px;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:3984px;left:7931.74px;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:3984px;left:8560.05px;letter-spacing:-0.32px;white-space:nowrap">futures,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:9134.77px;white-space:nowrap">options
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:9715.4px;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:3984px;left:9943.71px;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:4176px;left:0px;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:4176px;left:693.11px;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:4176px;left:885.58px;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:4176px;left:1309.1px;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:4176px;left:2049.57px;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:4512px;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:4512px;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:4512px;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:4512px;left:1064.31px;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:4512px;left:1751.99px;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:4512px;left:2066.23px;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:4512px;left:2344.62px;white-space:nowrap">MMD
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:2792.46px;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:4512px;left:3156.94px;white-space:nowrap">Locks.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:3643.17px;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:4512px;left:3886.37px;white-space:nowrap">MMD
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:4334.21px;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:4512px;left:4698.69px;white-space:nowrap">Lock
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:5072.28px;letter-spacing:0.36px;white-space:nowrap">permits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:5655.47px;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:4512px;left:5930.99px;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:4512px;left:6340.11px;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:4512px;left:6532.58px;white-space:nowrap">lock
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:6864.58px;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:4512px;left:7036.42px;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:4512px;left:7163.94px;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:4512px;left:7851.45px;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:4512px;left:8583.28px;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:4512px;left:9157.67px;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:4512px;left:9480.39px;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:4512px;left:9720.22px;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:4512px;left:9847.74px;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:4512px;left:10413.33px;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:4704px;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:4704px;left:204.16px;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:4704px;left:861.42px;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:4704px;left:1053.89px;letter-spacing:-0.32px;white-space:nowrap">preserve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:1711.65px;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:4704px;left:1839.17px;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:4704px;left:2309.88px;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:4704px;left:2538.2px;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:4704px;left:2665.72px;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:4704px;left:3376.26px;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:4704px;left:4202.81px;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:4395.29px;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:4704px;left:4522.81px;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:4704px;left:5088.4px;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:4704px;left:5275.11px;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:4704px;left:5479.27px;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:4704px;left:6136.53px;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:4704px;left:6332.21px;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:4704px;left:6459.73px;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:4704px;left:7102.44px;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:8092.35px;white-space:nowrap">technique
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:8848.03px;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:4704px;left:9040.5px;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:4704px;left:9232.98px;letter-spacing:-0.36px;white-space:nowrap">protect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:9792.65px;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:4704px;left:10349.6px;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:4896px;left:0px;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:4896px;left:628.32px;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:4896px;left:800.15px;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:1075.67px;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:4896px;left:1475.51px;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:4896px;left:1662.22px;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:4896px;left:2370.05px;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:4896px;left:2562.53px;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:4896px;left:2793.73px;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:4896px;left:3579.16px;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:4896px;left:3759.8px;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:4896px;left:3887.32px;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:4896px;left:4248.43px;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:4896px;left:4660.27px;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:4896px;left:4882.66px;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:4896px;left:5309.38px;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:4896px;left:5525.86px;white-space:nowrap">MMD
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:5973.7px;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:4896px;left:6338.17px;white-space:nowrap">Lock,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:6756.25px;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:4896px;left:7031.77px;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:4896px;left:7440.89px;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:4896px;left:7734.48px;letter-spacing:-0.41px;white-space:nowrap">create
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:8220.4px;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:4896px;left:8347.92px;white-space:nowrap">synthetic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:9026.31px;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:4896px;left:9390.79px;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:4896px;left:9583.26px;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:4896px;left:9985.97px;white-space:nowrap">position,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:0px;white-space:nowrap">allowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:639.83px;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:5088px;left:915.35px;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:5088px;left:1324.47px;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:5088px;left:1516.94px;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:5088px;left:1976.14px;white-space:nowrap">what
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:2361.25px;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:5088px;left:2636.77px;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:5088px;left:3312.44px;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:5088px;left:3943.64px;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:5088px;left:4094.67px;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:5088px;left:4311.15px;white-space:nowrap">attractive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:5015.78px;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:5088px;left:5347.29px;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:5088px;left:5534.01px;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:5088px;left:5809.53px;white-space:nowrap">yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:6194.64px;white-space:nowrap">curve.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:6668.88px;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:5088px;left:6983.12px;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:5088px;left:7392.23px;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:5088px;left:7667.43px;letter-spacing:-0.26px;white-space:nowrap">ordinarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:8372.21px;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:5088px;left:8662.77px;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:5088px;left:9095.41px;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:5088px;left:9989.96px;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:5088px;left:10185.63px;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:5280px;left:0px;white-space:nowrap">hedge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5280px;left:506.88px;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:5280px;left:699.35px;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:5280px;left:939.19px;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:5280px;left:1581.9px;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:5280px;left:1774.37px;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:5280px;left:2055.65px;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:5280px;left:3045.56px;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:5280px;left:3724.11px;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:5280px;left:3860.11px;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:5280px;left:4011.15px;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:5280px;left:4766.01px;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:5280px;left:4958.49px;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:5280px;left:5376.08px;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:5280px;left:5695.92px;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:5280px;left:6107.75px;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:5280px;left:6300.23px;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:5280px;left:6949.67px;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:5280px;left:7518.78px;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:5280px;left:7711.25px;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:5280px;left:8063.89px;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:5280px;left:8256.37px;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:5280px;left:8448.84px;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:5280px;left:9077.16px;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:5280px;left:9352.68px;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:5280px;left:9853.79px;white-space:nowrap">yield,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5280px;left:10283.39px;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:5472px;left:0px;white-space:nowrap">example,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:699.51px;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:5472px;left:1208.95px;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:5472px;left:1792.46px;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:5472px;left:1979.17px;white-space:nowrap">steep
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:2420.61px;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:5472px;left:2995px;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:5472px;left:3317.72px;white-space:nowrap">yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:3702.83px;white-space:nowrap">curves
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:4200.75px;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:5472px;left:4547.62px;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:5472px;left:4932.74px;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:5472px;left:5756.57px;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:5472px;left:6423.29px;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:5472px;left:6826px;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:5472px;left:7204.87px;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:5472px;left:7519.11px;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:5472px;left:7883.58px;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:5472px;left:8262.46px;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:5472px;left:8836.85px;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:5808px;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:5808px;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:5808px;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:5808px;left:1064.31px;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:5808px;left:1393.27px;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:5808px;left:1852.46px;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:5808px;left:2024.3px;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:5808px;left:2732.13px;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:5808px;left:2918.85px;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:3342.36px;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:5808px;left:3810.68px;white-space:nowrap">or&#160;closed-end&#160;investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:5668.41px;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:5808px;left:6486.48px;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:5808px;left:7227.28px;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:5808px;left:7657.19px;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:5808px;left:7979.9px;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:5808px;left:8439.1px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:9099.25px;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:5808px;left:9271.08px;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:6000px;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:6000px;left:707.83px;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:894.55px;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:6000px;left:1170.06px;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:6000px;left:1599.66px;white-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:1771.5px;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:6000px;left:2224.93px;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:6000px;left:2500.45px;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:6000px;left:2909.57px;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:6000px;left:3250.52px;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:6000px;left:3709.72px;letter-spacing:-1.76px;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:6000px;left:4305.07px;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:6000px;left:4497.55px;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:6000px;left:4773.06px;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:6000px;left:5267.78px;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:6000px;left:6022.64px;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:6000px;left:6242px;white-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:6517.52px;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:6000px;left:6917.84px;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:6000px;left:7246.79px;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:6000px;left:7522.31px;white-space:nowrap">rules
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:7904.39px;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:6000px;left:8218.63px;letter-spacing:-0.24px;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:6000px;left:9053.97px;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:6000px;left:9548.85px;letter-spacing:-0.26px;white-space:nowrap">thereunder
</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">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:314.24px;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:6192px;left:1099.35px;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:6192px;left:1890.54px;letter-spacing:-0.41px;white-space:nowrap">orders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:2388.13px;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:6192px;left:2883.01px;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:6192px;left:3102.37px;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:6192px;left:3377.88px;white-space:nowrap">SEC.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:6518.4px;left:0px;white-space:nowrap">Use
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:6518.4px;left:311.36px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:6518.4px;left:498.07px;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:6864px;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:6864px;left:222.4px;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:6864px;left:349.92px;white-space:nowrap">fundamental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:1289.27px;letter-spacing:-1.84px;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:6864px;left:1787.18px;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:6864px;left:2062.7px;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:6864px;left:2471.82px;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:6864px;left:2747.01px;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:6864px;left:3028.44px;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:6864px;left:3689.24px;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:3893.39px;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:6864px;left:4408.75px;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:6864px;left:5074.98px;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:6864px;left:5294.33px;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:6864px;left:5827.61px;white-space:nowrap">senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:6304.56px;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:6864px;left:7012.39px;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:6864px;left:7380.07px;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:6864px;left:7575.75px;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:6864px;left:8283.58px;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:6864px;left:8775.58px;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:6864px;left:8968.05px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:9350.13px;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:7056px;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:7056px;left:708.31px;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:7056px;left:983.83px;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:7056px;left:1392.95px;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:7056px;left:1733.9px;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:7056px;left:2284.77px;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:7056px;left:2524.61px;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:7056px;left:3306.51px;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:7056px;left:3498.99px;letter-spacing:-0.29px;white-space:nowrap">emergency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:4337.86px;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:7056px;left:5040.1px;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:7056px;left:5232.57px;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:7056px;left:5472.4px;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:7056px;left:6299.28px;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:7056px;left:6486px;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:6690.15px;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:7056px;left:7182.15px;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:7056px;left:7377.83px;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:7056px;left:8132.69px;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:7056px;left:8352.05px;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:7056px;left:8627.57px;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:7056px;left:9027.89px;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:7056px;left:9356.84px;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:7056px;left:9671.08px;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:7056px;left:10130.28px;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:7248px;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:7248px;left:527.19px;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:7248px;left:1442.38px;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:7248px;left:2141.57px;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:7248px;left:2689.73px;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:7248px;left:3276.28px;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:7248px;left:3598.99px;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:7248px;left:4351.3px;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:7248px;left:4674.02px;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:7248px;left:5056.57px;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:7248px;left:5332.09px;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:7248px;left:6073.2px;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:7248px;left:6517.68px;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:6704.39px;white-space:nowrap">leverage.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:7574.4px;left:0px;letter-spacing:-1.78px;white-space:nowrap">Temporary
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:7574.4px;left:802.87px;white-space:nowrap">Defensive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:7574.4px;left:1552.78px;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:7920px;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:7920px;left:530.23px;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:7920px;left:1312.14px;white-space:nowrap">defensive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:2041.25px;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:7920px;left:2624.77px;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:7920px;left:3031px;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:7920px;left:3460.44px;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:7920px;left:3931.79px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:4103.63px;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:7920px;left:4379.15px;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:7920px;left:4880.27px;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:7920px;left:5706.82px;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:7920px;left:6349.85px;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:7920px;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:7920px;left:7146.8px;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:7920px;left:7647.92px;letter-spacing:-0.77px;white-space:nowrap">sub-adviser&#8217;s&#160;opinion,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:9230.3px;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:8112px;left:0px;white-space:nowrap">imbalances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8112px;left:844.63px;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:8112px;left:1031.35px;white-space:nowrap">supply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8112px;left:1543.98px;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:8112px;left:1858.22px;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:8112px;left:2495.5px;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:8112px;left:2687.97px;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:8112px;left:3111.48px;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:8112px;left:3893.39px;white-space:nowrap">dislocations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8112px;left:4779.14px;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:8112px;left:4950.97px;white-space:nowrap">the&#160;tax-exempt&#160;bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8112px;left:6503.6px;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:8112px;left:7039.75px;white-space:nowrap">adversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8112px;left:7756.86px;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:8112px;left:8195.42px;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:8112px;left:8470.93px;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:8112px;left:8870.77px;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:8112px;left:9051.4px;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:8112px;left:9504.84px;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:8304px;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:8304px;left:192.48px;letter-spacing:0.32px;white-space:nowrap">intermediate-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8304px;left:1536.61px;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:8304px;left:2268.44px;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:8304px;left:2976.27px;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:8304px;left:3242.99px;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:8304px;left:4001.7px;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:8304px;left:4277.22px;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:8304px;left:4686.34px;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:8304px;left:5027.29px;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:8304px;left:5486.49px;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:8304px;left:5717.69px;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:8304px;left:5910.16px;white-space:nowrap">100%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8304px;left:6354.8px;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:8304px;left:6541.52px;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:8304px;left:6745.67px;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:8304px;left:7021.19px;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:8304px;left:7495.27px;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:8304px;left:7667.1px;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:8304px;left:8028.86px;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:8304px;left:8221.34px;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:8304px;left:8583.1px;white-space:nowrap">equivalents,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8304px;left:9483.89px;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:8496px;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:8496px;left:894.71px;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:8496px;left:1087.19px;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:8496px;left:1819.02px;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:8496px;left:2311.01px;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:8496px;left:2625.25px;white-space:nowrap">deviate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8496px;left:3197.08px;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:8496px;left:3570.36px;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:8496px;left:3774.51px;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:8496px;left:4601.06px;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:8496px;left:5187.61px;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:8496px;left:5886.8px;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:8496px;left:6162.32px;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:8496px;left:6663.44px;white-space:nowrap">80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8496px;left:7019.12px;white-space:nowrap">names
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8496px;left:7529.04px;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:8496px;left:7842.95px;letter-spacing:-1.84px;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:8496px;left:8385.34px;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:8496px;left:8785.5px;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:8496px;left:9294.93px;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:8496px;left:9727.57px;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:8496px;left:10355.56px;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:8688px;left:0px;white-space:nowrap">weighted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8688px;left:713.91px;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:8688px;left:1330.39px;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:8688px;left:1958.05px;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:8688px;left:2144.77px;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:8688px;left:2420.29px;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:8688px;left:2921.41px;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:8688px;left:3747.96px;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:8688px;left:4405.22px;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:8688px;left:4746.18px;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:8688px;left:4997.85px;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:8688px;left:5477.84px;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:8688px;left:5753.36px;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:8688px;left:6402.31px;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:8688px;left:7029.98px;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:8688px;left:7486.3px;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:8688px;left:7673.02px;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:8688px;left:7853.65px;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:8688px;left:8229.81px;white-space:nowrap">18-28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8688px;left:8683.41px;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:8688px;left:9098.28px;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:8688px;left:9412.52px;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:8688px;left:9688.04px;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:8688px;left:10097.16px;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:8880px;left:0px;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:8880px;left:281.44px;white-space:nowrap">achieve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8880px;left:868.47px;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:8880px;left:1072.63px;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:8880px;left:1899.18px;white-space:nowrap">objective.</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">91</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 13092 characters]);background-repeat:no-repeat;background-size:cover;height:636.37px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.328px) 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,2.51px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:333.76px;left:0px;letter-spacing:-1.18px;white-space:nowrap">PRINCIPAL
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:333.76px;left:856.31px;white-space:nowrap">RISKS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:333.76px;left:1342.22px;white-space:nowrap">OF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:333.76px;left:1614.7px;white-space:nowrap">THE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:333.76px;left:1970.21px;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:671.04px;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:671.04px;left:314.24px;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:671.04px;left:835.51px;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:671.04px;left:1158.22px;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:671.04px;left:1424.94px;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:671.04px;left:1821.89px;white-space:nowrap">likely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:671.04px;left:2224.77px;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:671.04px;left:2417.24px;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:671.04px;left:2799.8px;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:671.04px;left:2927.32px;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:671.04px;left:3546.19px;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:671.04px;left:3990.67px;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:671.04px;left:4218.98px;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:671.04px;left:4346.5px;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:671.04px;left:5057.05px;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:671.04px;left:5558.17px;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:671.04px;left:6215.43px;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:671.04px;left:6411.11px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:671.04px;left:6538.63px;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:671.04px;left:7009.82px;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:671.04px;left:7276.54px;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:671.04px;left:7744.7px;white-space:nowrap">&#8220;principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:671.04px;left:8485.17px;white-space:nowrap">risks.&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:671.04px;left:9006.6px;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:671.04px;left:9395.08px;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:671.04px;left:9804.19px;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:671.04px;left:9955.23px;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:863.04px;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:863.04px;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:863.04px;left:467.99px;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:863.04px;left:1125.42px;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:863.04px;left:1474.86px;white-space:nowrap">indicated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:863.04px;left:2182.85px;letter-spacing:-1.26px;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:863.04px;left:2698.52px;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:863.04px;left:3320.59px;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:863.04px;left:3927.95px;letter-spacing:-0.41px;white-space:nowrap">direct
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:863.04px;left:4378.02px;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:863.04px;left:5204.57px;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:863.04px;left:5397.05px;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:863.04px;left:6137.51px;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:863.04px;left:6869.18px;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:863.04px;left:7257.66px;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:863.04px;left:7666.78px;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:863.04px;left:8007.73px;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:863.04px;left:8238.93px;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:863.04px;left:8795.89px;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:863.04px;left:8988.36px;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:863.04px;left:9746.59px;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:863.04px;left:10096.02px;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:1055.04px;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:1055.04px;left:358.56px;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:1055.04px;left:797.11px;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:1055.04px;left:1519.82px;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:1055.04px;left:1834.06px;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:1055.04px;left:2586.53px;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:1055.04px;left:3066.52px;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:1055.04px;left:3703.96px;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:1055.04px;left:3979.48px;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:1055.04px;left:4409.07px;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:1055.04px;left:4595.79px;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:1055.04px;left:5490.5px;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:1055.04px;left:5941.05px;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:1055.04px;left:6160.41px;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:1055.04px;left:6287.93px;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:1055.04px;left:6697.05px;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:1055.04px;left:6990.65px;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:1055.04px;left:7559.93px;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:1055.04px;left:7918.48px;white-space:nowrap">time.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2400px;left:2271.52px;white-space:nowrap">Risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1440px;left:5284.88px;white-space:nowrap">Nuveen</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1632px;left:5213.36px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1632px;left:5610.64px;letter-spacing:-4.08px;white-space:nowrap">York</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1824px;left:5301.6px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2016px;left:5203.13px;white-space:nowrap">Municipal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2208px;left:5086.32px;white-space:nowrap">Income
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2208px;left:5700.56px;letter-spacing:-1.68px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2400px;left:5347.76px;white-space:nowrap">(NAN)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1440px;left:6724.88px;white-space:nowrap">Nuveen</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1632px;left:6653.36px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1632px;left:7050.64px;letter-spacing:-4.08px;white-space:nowrap">York</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1824px;left:6658.8px;letter-spacing:-3px;white-space:nowrap">AMT-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2016px;left:6337.53px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2016px;left:6948.72px;white-space:nowrap">Municipal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2208px;left:6526.32px;white-space:nowrap">Income
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2208px;left:7140.56px;letter-spacing:-1.68px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2400px;left:6799.36px;white-space:nowrap">(NRK)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1632px;left:8164.88px;white-space:nowrap">Nuveen</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1824px;left:8093.36px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1824px;left:8490.64px;letter-spacing:-4.08px;white-space:nowrap">York</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2016px;left:8083.13px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2208px;left:8036.32px;letter-spacing:-1.12px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2208px;left:8510.56px;letter-spacing:-1.68px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2400px;left:8232.56px;white-space:nowrap">(NNY)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1440px;left:9604.88px;white-space:nowrap">Nuveen</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1632px;left:9533.36px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1632px;left:9930.64px;letter-spacing:-4.08px;white-space:nowrap">York</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1824px;left:9582.16px;letter-spacing:-3.36px;white-space:nowrap">Tax-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2016px;left:9620.08px;white-space:nowrap">Income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2208px;left:9571.2px;letter-spacing:-1.1px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2400px;left:9669.84px;white-space:nowrap">(NXN)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;font-weight:bold;position:absolute;top:2736.96px;left:1665.77px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;font-weight:bold;position:absolute;top:2736.96px;left:2365.6px;letter-spacing:-0.48px;white-space:nowrap">Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;font-weight:bold;position:absolute;top:2736.96px;left:2810.4px;letter-spacing:-0.19px;white-space:nowrap">Risks</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3073.92px;left:0px;letter-spacing:-0.13px;white-space:nowrap">Alternative
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3073.92px;left:829.27px;white-space:nowrap">Minimum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3073.92px;left:1555.66px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3073.92px;left:1834.38px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3073.92px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3073.92px;left:6979.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3073.92px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3073.92px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3338.88px;left:0px;white-space:nowrap">Below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3338.88px;left:490.71px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3338.88px;left:1333.1px;letter-spacing:-0.32px;white-space:nowrap">Grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3338.88px;left:1832.29px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3338.88px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3338.88px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3338.88px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3338.88px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3603.84px;left:0px;letter-spacing:-0.58px;white-space:nowrap">Call
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3603.84px;left:318.4px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3603.84px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3603.84px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3603.84px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3603.84px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3868.8px;left:0px;letter-spacing:-0.41px;white-space:nowrap">Credit
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3868.8px;left:494.07px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3868.8px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3868.8px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3868.8px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3868.8px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4133.76px;left:0px;letter-spacing:-0.41px;white-space:nowrap">Credit
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4133.76px;left:494.07px;letter-spacing:-0.55px;white-space:nowrap">Spread
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4133.76px;left:1058.55px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4133.76px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4133.76px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4133.76px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4133.76px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4398.72px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">Deflation
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4398.72px;left:704.95px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4398.72px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4398.72px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4398.72px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4398.72px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4663.67px;left:0px;letter-spacing:-0.13px;white-space:nowrap">Derivatives
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4663.67px;left:843.51px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4663.67px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4663.67px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4663.67px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4663.67px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4928.63px;left:0px;letter-spacing:-0.26px;white-space:nowrap">Distressed
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4928.63px;left:804.62px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4928.63px;left:1550.21px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4928.63px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4928.63px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4928.63px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4928.63px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5193.59px;left:0px;letter-spacing:-0.39px;white-space:nowrap">Duration
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5193.59px;left:675.03px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5193.59px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5193.59px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5193.59px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5193.59px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5458.55px;left:0px;white-space:nowrap">Economic
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5458.55px;left:764.48px;white-space:nowrap">Sector
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5458.55px;left:1272.31px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5458.55px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5458.55px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5458.55px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5458.55px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5723.51px;left:0px;letter-spacing:-0.29px;white-space:nowrap">Financial
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5723.51px;left:684.16px;letter-spacing:-1.2px;white-space:nowrap">Futures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5723.51px;left:1261.27px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5723.51px;left:1581.59px;white-space:nowrap">Options
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5723.51px;left:2211.66px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5723.51px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5723.51px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5723.51px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5723.51px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5988.47px;left:0px;white-space:nowrap">Hedging
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5988.47px;left:683.51px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5988.47px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5988.47px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5988.47px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5988.47px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6253.43px;left:0px;white-space:nowrap">Illiquid
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6253.43px;left:538.72px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6253.43px;left:1452.14px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6253.43px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6253.43px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6253.43px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6253.43px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6518.39px;left:0px;white-space:nowrap">Income
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6518.39px;left:585.11px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6518.39px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6518.39px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6518.39px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6518.39px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6783.35px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">Inflation
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6783.35px;left:626.87px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6783.35px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6783.35px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6783.35px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6783.35px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7048.31px;left:0px;letter-spacing:-0.19px;white-space:nowrap">Insurance
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7048.31px;left:744.15px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7048.31px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7048.31px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7048.31px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7048.31px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7313.27px;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;position:absolute;top:7313.27px;left:584.79px;letter-spacing:-0.7px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7313.27px;left:944.79px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7313.27px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7313.27px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7313.27px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7313.27px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7578.23px;left:0px;white-space:nowrap">Inverse
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7578.23px;left:564.31px;letter-spacing:-0.18px;white-space:nowrap">Floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7578.23px;left:1200.94px;letter-spacing:-0.7px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7578.23px;left:1560.94px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7578.23px;left:2306.53px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7578.23px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7578.23px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7578.23px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7578.23px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7843.19px;left:0px;white-space:nowrap">Municipal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7843.19px;left:755.03px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7843.19px;left:1500.62px;letter-spacing:-0.41px;white-space:nowrap">Market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7843.19px;left:2046.37px;white-space:nowrap">Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7843.19px;left:2713.25px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7843.19px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7843.19px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7843.19px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7843.19px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8108.15px;left:0px;white-space:nowrap">Municipal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8108.15px;left:755.03px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8108.15px;left:1500.62px;letter-spacing:-0.41px;white-space:nowrap">Market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8108.15px;left:2046.37px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8108.15px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8108.15px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8108.15px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8108.15px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8373.11px;left:0px;white-space:nowrap">Other
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8373.11px;left:469.11px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8373.11px;left:1311.5px;letter-spacing:-0.19px;white-space:nowrap">Companies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8373.11px;left:2186.37px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8373.11px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8373.11px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8373.11px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8373.11px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8638.07px;left:0px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8638.07px;left:513.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8638.07px;left:867.35px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8638.07px;left:1622.39px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8638.07px;left:2367.97px;letter-spacing:-0.41px;white-space:nowrap">Market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8638.07px;left:2913.73px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8638.07px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8638.07px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8638.07px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8638.07px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8903.03px;left:0px;letter-spacing:-0.15px;white-space:nowrap">Reinvestment
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8903.03px;left:1026.23px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8903.03px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8903.03px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8903.03px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8903.03px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9167.99px;left:0px;white-space:nowrap">Special
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9167.99px;left:569.12px;letter-spacing:-0.36px;white-space:nowrap">Considerations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9167.99px;left:1709.58px;letter-spacing:-0.44px;white-space:nowrap">Related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9167.99px;left:2303.33px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9167.99px;left:2491.81px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9167.99px;left:2861.09px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9167.99px;left:3219.96px;letter-spacing:-0.39px;white-space:nowrap">Concentration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9167.99px;left:4300.11px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9167.99px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9167.99px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9167.99px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9167.99px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9432.95px;left:0px;white-space:nowrap">Special
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9432.95px;left:569.12px;letter-spacing:-0.16px;white-space:nowrap">Risks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9432.95px;left:967.67px;letter-spacing:-0.44px;white-space:nowrap">Related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9432.95px;left:1561.43px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9432.95px;left:1749.9px;letter-spacing:-0.48px;white-space:nowrap">Certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9432.95px;left:2319.49px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9432.95px;left:3074.53px;letter-spacing:-0.15px;white-space:nowrap">Obligations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9432.95px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9432.95px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9432.95px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9432.95px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.9px;left:0px;white-space:nowrap">Swap
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.9px;left:432.8px;letter-spacing:-1.26px;white-space:nowrap">Transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.9px;left:1372.62px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.9px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.9px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.9px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9697.9px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9962.86px;left:0px;letter-spacing:-3.84px;white-space:nowrap">Tax
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9962.86px;left:278.72px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9962.86px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9962.86px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9962.86px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9962.86px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10227.82px;left:0px;letter-spacing:-1.4px;white-space:nowrap">Taxability
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10227.82px;left:715.19px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10227.82px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10227.82px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10227.82px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10227.82px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10492.78px;left:0px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10492.78px;left:658.72px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10492.78px;left:1488.3px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10492.78px;left:1922.7px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10492.78px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10492.78px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10492.78px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10492.78px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10757.74px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Unrated
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10757.74px;left:630.23px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10757.74px;left:1375.82px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10757.74px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10757.74px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10757.74px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10757.74px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11022.7px;left:0px;letter-spacing:-0.83px;white-space:nowrap">Valuation
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11022.7px;left:716.95px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11022.7px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11022.7px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11022.7px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11022.7px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11287.66px;left:0px;letter-spacing:-0.96px;white-space:nowrap">Zero
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11287.66px;left:373.6px;letter-spacing:-0.27px;white-space:nowrap">Coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11287.66px;left:1009.91px;white-space:nowrap">Bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11287.66px;left:1515.34px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11287.66px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11287.66px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11287.66px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11287.66px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</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">92</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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Shareholder
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1871.68px;white-space:nowrap">Update
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:2984.16px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4235.41px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12084 characters]);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:160px;font-weight:bold;position:absolute;top:1000px;left:2271.52px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:40px;left:5284.88px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:232px;left:5213.36px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:232px;left:5610.64px;letter-spacing:-4.08px;white-space:nowrap">York</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:424px;left:5301.6px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:616px;left:5203.13px;white-space:nowrap">Municipal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:808px;left:5086.32px;white-space:nowrap">Income
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:808px;left:5700.56px;letter-spacing:-1.68px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1000px;left:5347.76px;white-space:nowrap">(NAN)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:40px;left:6724.88px;white-space:nowrap">Nuveen</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:232px;left:6653.36px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:232px;left:7050.64px;letter-spacing:-4.08px;white-space:nowrap">York</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:424px;left:6658.8px;letter-spacing:-3px;white-space:nowrap">AMT-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:616px;left:6337.53px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:616px;left:6948.72px;white-space:nowrap">Municipal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:808px;left:6526.32px;white-space:nowrap">Income
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:808px;left:7140.56px;letter-spacing:-1.68px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1000px;left:6799.36px;white-space:nowrap">(NRK)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:232px;left:8164.88px;white-space:nowrap">Nuveen</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:424px;left:8093.36px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:424px;left:8490.64px;letter-spacing:-4.08px;white-space:nowrap">York</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:616px;left:8083.13px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:808px;left:8036.32px;letter-spacing:-1.12px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:808px;left:8510.56px;letter-spacing:-1.68px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1000px;left:8232.56px;white-space:nowrap">(NNY)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:40px;left:9604.88px;white-space:nowrap">Nuveen</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:232px;left:9533.36px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:232px;left:9930.64px;letter-spacing:-4.08px;white-space:nowrap">York</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:424px;left:9582.16px;letter-spacing:-3.36px;white-space:nowrap">Tax-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:616px;left:9620.08px;white-space:nowrap">Income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:808px;left:9571.2px;letter-spacing:-1.1px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1000px;left:9669.84px;white-space:nowrap">(NXN)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;font-weight:bold;position:absolute;top:1336.96px;left:1394.89px;letter-spacing:-1.34px;white-space:nowrap">Fund
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;font-weight:bold;position:absolute;top:1336.96px;left:1819.53px;letter-spacing:-0.48px;white-space:nowrap">Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;font-weight:bold;position:absolute;top:1336.96px;left:2264.32px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;font-weight:bold;position:absolute;top:1336.96px;left:2597.12px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;font-weight:bold;position:absolute;top:1336.96px;left:3081.27px;letter-spacing:-0.19px;white-space:nowrap">Risks</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1673.92px;left:0px;letter-spacing:-1.3px;white-space:nowrap">Anti-Takeover
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1673.92px;left:1028.95px;letter-spacing:-1.06px;white-space:nowrap">Provisions</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1673.92px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1673.92px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1673.92px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1673.92px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1938.88px;left:0px;letter-spacing:-0.3px;white-space:nowrap">Counterparty
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1938.88px;left:1008.3px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1938.88px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1938.88px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1938.88px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1938.88px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2203.84px;left:0px;letter-spacing:-0.21px;white-space:nowrap">Cybersecurity
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2203.84px;left:1043.34px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2203.84px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2203.84px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2203.84px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2203.84px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2468.8px;left:0px;white-space:nowrap">Economic
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2468.8px;left:764.48px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2468.8px;left:1084.79px;letter-spacing:-1.15px;white-space:nowrap">Political
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2468.8px;left:1680.63px;letter-spacing:-0.27px;white-space:nowrap">Events
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2468.8px;left:2197.74px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2468.8px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2468.8px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2468.8px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2468.8px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2733.76px;left:0px;white-space:nowrap">Global
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2733.76px;left:530.4px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2733.76px;left:1294.87px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2733.76px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2733.76px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2733.76px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2733.76px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2998.72px;left:0px;white-space:nowrap">Investment
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2998.72px;left:842.39px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2998.72px;left:1162.7px;letter-spacing:-0.41px;white-space:nowrap">Market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2998.72px;left:1708.45px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2998.72px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2998.72px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2998.72px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2998.72px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3263.67px;left:0px;letter-spacing:-0.37px;white-space:nowrap">Legislation
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3263.67px;left:827.99px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3263.67px;left:1148.31px;letter-spacing:-0.32px;white-space:nowrap">Regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3263.67px;left:1976.14px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3263.67px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3263.67px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3263.67px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3263.67px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3528.63px;left:0px;letter-spacing:-0.53px;white-space:nowrap">Leverage
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3528.63px;left:713.59px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3528.63px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3528.63px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3528.63px;left:8419.2px;white-space:nowrap">&#8212;
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3528.63px;left:9859.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3793.59px;left:0px;letter-spacing:-0.41px;white-space:nowrap">Market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3793.59px;left:545.75px;white-space:nowrap">Discount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3793.59px;left:1232.3px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3793.59px;left:1613.26px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3793.59px;left:1914.86px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3793.59px;left:2348.29px;letter-spacing:-1.34px;white-space:nowrap">Value</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3793.59px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3793.59px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3793.59px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3793.59px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4058.55px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Recent
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4058.55px;left:540.63px;letter-spacing:-0.41px;white-space:nowrap">Market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4058.55px;left:1086.39px;letter-spacing:-0.19px;white-space:nowrap">Conditions</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4058.55px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4058.55px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4058.55px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4058.55px;left:9856.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4323.51px;left:0px;letter-spacing:-0.24px;white-space:nowrap">Reverse
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4323.51px;left:615.19px;letter-spacing:-0.44px;white-space:nowrap">Repurchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4323.51px;left:1508.3px;letter-spacing:-0.29px;white-space:nowrap">Agreement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4323.51px;left:2375.65px;white-space:nowrap">Risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4323.51px;left:5536.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4323.51px;left:6976.24px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4323.51px;left:8416.24px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4323.51px;left:9859.2px;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">93</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11636 characters]);background-repeat:no-repeat;background-size:cover;height:636.37px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.328px) 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,2.51px) 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:343.92px;left:0px;letter-spacing:-1.12px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:343.92px;left:800.99px;letter-spacing:-0.54px;white-space:nowrap">Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:343.92px;left:1307.68px;letter-spacing:-0.18px;white-space:nowrap">Risks:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:552px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.41px;white-space:nowrap">Alternative
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:552px;left:775.16px;white-space:nowrap">Minimum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:552px;left:1461.8px;letter-spacing:-3.4px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:552px;left:1716.09px;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:551.04px;left:2101.17px;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:551.04px;left:2415.41px;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:551.04px;left:2824.53px;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:551.04px;left:3165.49px;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:551.04px;left:3624.68px;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:551.04px;left:3796.52px;white-space:nowrap">AMT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:551.04px;left:4185px;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:551.04px;left:4768.99px;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:551.04px;left:5548.34px;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:551.04px;left:5675.86px;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:551.04px;left:6241.45px;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:551.04px;left:6428.17px;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:551.04px;left:6703.68px;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:551.04px;left:7204.8px;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:551.04px;left:7939.35px;letter-spacing:-0.18px;white-space:nowrap">exempt-interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:551.04px;left:9109.26px;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:551.04px;left:9847.01px;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:551.04px;left:10187.96px;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:743.04px;left:0px;white-space:nowrap">taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:743.04px;left:565.91px;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:743.04px;left:758.39px;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:743.04px;left:1196.94px;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:743.04px;left:2151.01px;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:743.04px;left:2707.97px;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:743.04px;left:2900.44px;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:743.04px;left:3175.96px;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:743.04px;left:3718.03px;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:743.04px;left:4511.62px;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:743.04px;left:5219.77px;white-space:nowrap">tax.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1080px;left:0px;letter-spacing:-0.05px;white-space:nowrap">Below
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1080px;left:450.63px;letter-spacing:-0.64px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1080px;left:1235.86px;letter-spacing:-0.59px;white-space:nowrap">Grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1080px;left:1672.73px;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:1079.04px;left:2057.81px;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:1079.04px;left:2795.73px;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:1079.04px;left:3503.55px;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:1079.04px;left:3690.27px;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:1079.04px;left:4170.26px;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:1079.04px;left:4996.81px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1079.04px;left:5461.93px;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:1079.04px;left:5983.2px;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:1079.04px;left:6249.92px;letter-spacing:-0.64px;white-space:nowrap">regarded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1079.04px;left:6949.11px;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:1079.04px;left:7144.79px;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:1079.04px;left:7663.51px;white-space:nowrap">speculative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1079.04px;left:8507.98px;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:1079.04px;left:9553.4px;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:1079.04px;left:9893.87px;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:1079.04px;left:10462.67px;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:1271.04px;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:1271.04px;left:275.52px;letter-spacing:-1.97px;white-space:nowrap">issuer&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1271.04px;left:817.75px;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:1271.04px;left:1448.94px;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:1271.04px;left:1641.42px;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:1271.04px;left:1943.82px;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:1271.04px;left:2518.21px;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:1271.04px;left:2832.45px;letter-spacing:-0.48px;white-space:nowrap">repay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1271.04px;left:3274.04px;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:1271.04px;left:3975.95px;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:1271.04px;left:4290.19px;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:1271.04px;left:4631.15px;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:1271.04px;left:4862.35px;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:1271.04px;left:5419.3px;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:1271.04px;left:5611.77px;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:1271.04px;left:6112.41px;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:1271.04px;left:6512.24px;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:1271.04px;left:7148.71px;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:1271.04px;left:7462.95px;white-space:nowrap">default
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1271.04px;left:8005.02px;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:1271.04px;left:8286.29px;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:1271.04px;left:8644.85px;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:1271.04px;left:9471.4px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1271.04px;left:9936.52px;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:1463.04px;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:1463.04px;left:707.83px;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:1463.04px;left:894.55px;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:1463.04px;left:1789.41px;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:1463.04px;left:2236.45px;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:1463.04px;left:2550.68px;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:1463.04px;left:3237.87px;white-space:nowrap">Issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1463.04px;left:3760.11px;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:1463.04px;left:3946.82px;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:1463.04px;left:4382.18px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1463.04px;left:4847.29px;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:1463.04px;left:5579.12px;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:1463.04px;left:6286.95px;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:1463.04px;left:6627.91px;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:1463.04px;left:6859.11px;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:1463.04px;left:7333.18px;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:1463.04px;left:8091.73px;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:1463.04px;left:8405.97px;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:1463.04px;left:8746.93px;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:1463.04px;left:9028.36px;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:1463.04px;left:9410.92px;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:1463.04px;left:10083.55px;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:1655.04px;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:1655.04px;left:411.84px;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:1655.04px;left:826.71px;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:1655.04px;left:1593.42px;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:1655.04px;left:2266.05px;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:1655.04px;left:2452.76px;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:1655.04px;left:3190.84px;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:1655.04px;left:3505.08px;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:1655.04px;left:3973.07px;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:1655.04px;left:4159.79px;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:1655.04px;left:4592.42px;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:1655.04px;left:5027.77px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1655.04px;left:5492.89px;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:1655.04px;left:6200.72px;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:1655.04px;left:6467.44px;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:1655.04px;left:7092.39px;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:1655.04px;left:7507.26px;white-space:nowrap">sensitive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1655.04px;left:8161.97px;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:1655.04px;left:8354.45px;white-space:nowrap">negative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1655.04px;left:9015.24px;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:1655.04px;left:10123.55px;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:1847.04px;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:1847.04px;left:195.68px;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:1847.04px;left:323.2px;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:1847.04px;left:886.23px;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:1847.04px;left:1058.07px;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:1847.04px;left:1333.59px;letter-spacing:-1.97px;white-space:nowrap">issuer&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1847.04px;left:1875.82px;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:1847.04px;left:2560.62px;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:1847.04px;left:2753.1px;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:1847.04px;left:2880.62px;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:1847.04px;left:3464.29px;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:1847.04px;left:4205.4px;letter-spacing:0.29px;white-space:nowrap">downturn.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1847.04px;left:4978.51px;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:1847.04px;left:5292.75px;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:1847.04px;left:6066.34px;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:1847.04px;left:6602.49px;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:1847.04px;left:6842.32px;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:1847.04px;left:7277.68px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1847.04px;left:7698.15px;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:1847.04px;left:8429.98px;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:1847.04px;left:9137.81px;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:1847.04px;left:9478.77px;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:1847.04px;left:9760.2px;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:1847.04px;left:9991.4px;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:1847.04px;left:10187.08px;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:2039.04px;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:2039.04px;left:195.68px;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:2039.04px;left:471.2px;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:2039.04px;left:1244.79px;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:2039.04px;left:1780.94px;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:2039.04px;left:2020.77px;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:2039.04px;left:2435.65px;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:2039.04px;left:2909.72px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2039.04px;left:3330.2px;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:2039.04px;left:4062.03px;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:2039.04px;left:4814.34px;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:2039.04px;left:4941.86px;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:2039.04px;left:5394.97px;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:2039.04px;left:5848.4px;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:2039.04px;left:6189.36px;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:2039.04px;left:6571.92px;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:2039.04px;left:6788.4px;white-space:nowrap">adverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2039.04px;left:7389.99px;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:2039.04px;left:7834.47px;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:2039.04px;left:8062.79px;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:2039.04px;left:8338.3px;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:2039.04px;left:8839.42px;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:2039.04px;left:9310.13px;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:2039.04px;left:9502.61px;white-space:nowrap">dispose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2039.04px;left:10101.16px;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:2039.04px;left:10287.88px;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:2231.04px;left:0px;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:2231.04px;left:710.55px;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:2231.04px;left:1442.38px;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:2231.04px;left:2061.57px;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:2231.04px;left:2195.65px;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:2231.04px;left:2323.17px;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:2231.04px;left:2803.16px;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:2231.04px;left:3629.71px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2231.04px;left:4094.82px;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:2231.04px;left:4826.66px;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:2231.04px;left:5416.09px;white-space:nowrap">goes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2231.04px;left:5810.32px;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:2231.04px;left:6130.16px;white-space:nowrap">default,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2231.04px;left:6716.71px;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:2231.04px;left:6909.18px;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:2231.04px;left:7113.34px;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:2231.04px;left:7563.57px;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:2231.04px;left:8049.33px;letter-spacing:-1.23px;white-space:nowrap">bankruptcy,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2231.04px;left:8917.64px;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:2231.04px;left:9053.64px;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:2231.04px;left:9512.67px;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:2231.04px;left:9743.87px;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:2231.04px;left:10312.5px;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:2423.04px;left:0px;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:2423.04px;left:278.4px;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:2423.04px;left:601.11px;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:2423.04px;left:1190.54px;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:2423.04px;left:1362.38px;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:2423.04px;left:1489.9px;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:2423.04px;left:1966.69px;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:2423.04px;left:2550.53px;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:2423.04px;left:2731.16px;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:2423.04px;left:2858.68px;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:2423.04px;left:3685.56px;white-space:nowrap">price.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2760px;left:0px;white-space:nowrap">Call
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2760px;left:278.44px;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:2759.04px;left:663.52px;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:2759.04px;left:977.75px;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:2759.04px;left:1386.87px;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:2759.04px;left:1727.83px;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:2759.04px;left:2187.02px;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:2759.04px;left:2358.86px;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:2759.04px;left:3090.69px;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:2759.04px;left:3798.52px;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:2759.04px;left:4121.24px;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:2759.04px;left:4387.96px;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:2759.04px;left:4944.91px;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:2759.04px;left:5137.39px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2759.04px;left:5418.82px;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:2759.04px;left:5744.58px;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:2759.04px;left:6133.05px;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:2759.04px;left:6864.89px;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:2759.04px;left:7572.71px;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:2759.04px;left:7913.67px;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:2759.04px;left:8144.87px;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:2759.04px;left:8927.27px;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:2759.04px;left:9107.9px;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:2759.04px;left:9383.42px;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:2759.04px;left:9895.89px;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:2759.04px;left:10082.61px;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:2951.04px;left:0px;letter-spacing:-1.84px;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:2951.04px;left:480px;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:2951.04px;left:672.47px;white-space:nowrap">&#8220;called,&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2951.04px;left:1351.18px;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:2951.04px;left:1863.82px;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:2951.04px;left:2230.85px;white-space:nowrap">stated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2951.04px;left:2719.48px;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:2951.04px;left:3347.15px;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:2951.04px;left:3539.63px;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:2951.04px;left:4419.46px;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:2951.04px;left:4831.29px;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:2951.04px;left:5006.97px;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:2951.04px;left:5635.13px;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:2951.04px;left:5851.61px;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:2951.04px;left:6301.84px;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:2951.04px;left:6577.03px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2951.04px;left:6858.47px;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:2951.04px;left:7062.62px;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:2951.04px;left:7933.33px;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:2951.04px;left:8063.57px;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:2951.04px;left:8416.21px;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:2951.04px;left:8709.8px;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:2951.04px;left:8941px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">refinanced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2951.04px;left:9735.4px;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:2951.04px;left:9954.76px;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:3143.04px;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:3143.04px;left:337.92px;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:3143.04px;left:1208.63px;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:3143.04px;left:1531.34px;white-space:nowrap">bear
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3143.04px;left:1898.7px;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:3143.04px;left:2026.22px;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:3143.04px;left:2461.57px;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:3143.04px;left:3035.96px;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:3143.04px;left:3403.15px;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:3143.04px;left:3717.39px;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:3143.04px;left:4126.51px;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:3143.04px;left:4277.55px;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:3143.04px;left:4834.5px;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:3143.04px;left:5026.98px;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:3143.04px;left:5302.5px;white-space:nowrap">possibility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3143.04px;left:6057.52px;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:3143.04px;left:6380.23px;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:3143.04px;left:6889.67px;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:3143.04px;left:7473.18px;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:3143.04px;left:7659.9px;white-space:nowrap">falling
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3143.04px;left:8136.69px;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:3143.04px;left:8711.08px;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:3143.04px;left:9146.43px;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:3143.04px;left:9362.91px;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:3143.04px;left:9813.15px;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:3143.04px;left:10088.34px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3143.04px;left:10369.78px;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:3335.04px;left:0px;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:3335.04px;left:358.56px;white-space:nowrap">yielding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3335.04px;left:968.79px;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:3335.04px;left:1700.62px;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:3335.04px;left:2452.93px;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:3335.04px;left:2767.17px;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:3335.04px;left:3176.29px;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:3335.04px;left:3656.28px;white-space:nowrap">then
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3335.04px;left:4020.76px;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:3335.04px;left:4251.96px;letter-spacing:-0.41px;white-space:nowrap">forced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3335.04px;left:4752.75px;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:3335.04px;left:4945.22px;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:3335.04px;left:5404.42px;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:3335.04px;left:5679.94px;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:3335.04px;left:6702px;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:3335.04px;left:7410.32px;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:3335.04px;left:7590.95px;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:3335.04px;left:8026.31px;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:3335.04px;left:8600.7px;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:3335.04px;left:9036.05px;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:3335.04px;left:9693.48px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3335.04px;left:9865.32px;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:3335.04px;left:9992.84px;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:3527.04px;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:3527.04px;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:3527.04px;left:447.36px;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:3527.04px;left:948.47px;white-space:nowrap">income.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3864px;left:0px;letter-spacing:-0.26px;white-space:nowrap">Credit
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3864px;left:437.11px;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:3863.04px;left:822.19px;white-space:nowrap">Issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3863.04px;left:1344.42px;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:3863.04px;left:1531.14px;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:3863.04px;left:2262.97px;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:3863.04px;left:2970.8px;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:3863.04px;left:3142.64px;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:3863.04px;left:3596.07px;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:3863.04px;left:3871.59px;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:3863.04px;left:4280.71px;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:3863.04px;left:4621.67px;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:3863.04px;left:5080.86px;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:3863.04px;left:5421.82px;white-space:nowrap">default
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3863.04px;left:5963.89px;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:3863.04px;left:6192.21px;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:3863.04px;left:6559.24px;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:3863.04px;left:7397.47px;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:3863.04px;left:7589.94px;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:3863.04px;left:7892.34px;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:3863.04px;left:8549.77px;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:3863.04px;left:8742.24px;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:3863.04px;left:9316.64px;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:3863.04px;left:9743.51px;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:3863.04px;left:10108.15px;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:4055.04px;left:0px;white-space:nowrap">non-payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4055.04px;left:995.83px;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:4055.04px;left:1475.82px;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:4055.04px;left:1908.14px;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:4055.04px;left:2079.98px;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:4055.04px;left:2207.5px;letter-spacing:-0.29px;white-space:nowrap">reduction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4055.04px;left:2930.37px;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:4055.04px;left:3117.08px;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:4055.04px;left:3686.2px;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:4055.04px;left:3878.67px;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:4055.04px;left:4154.19px;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:4055.04px;left:4607.79px;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:4055.04px;left:4735.31px;letter-spacing:-0.29px;white-space:nowrap">reduction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4055.04px;left:5458.18px;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:4055.04px;left:5630.02px;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:4055.04px;left:5905.53px;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:4055.04px;left:6326.49px;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:4055.04px;left:6513.21px;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:4055.04px;left:6640.73px;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:4055.04px;left:7372.56px;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:4055.04px;left:7961.99px;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:4055.04px;left:8930.94px;white-space:nowrap">non-payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4055.04px;left:9926.77px;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:4247.04px;left:0px;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:4247.04px;left:796.63px;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:4247.04px;left:924.15px;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:4247.04px;left:1611.82px;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:4247.04px;left:1783.66px;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:4247.04px;left:2059.18px;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:4247.04px;left:2334.69px;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:4247.04px;left:2740.61px;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:4247.04px;left:3161.57px;letter-spacing:-1px;white-space:nowrap">(&#8220;NAV&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4247.04px;left:3779.32px;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:4247.04px;left:3966.04px;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:4247.04px;left:4241.56px;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:4247.04px;left:4695.16px;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:4247.04px;left:4908.59px;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:4247.04px;left:5184.11px;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:4247.04px;left:5678.83px;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:4247.04px;left:6001.54px;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:4247.04px;left:6277.06px;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:4247.04px;left:6727.13px;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:4247.04px;left:7186px;white-space:nowrap">assigned
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4247.04px;left:7861.68px;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:4247.04px;left:8054.15px;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:4247.04px;left:8181.67px;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:4247.04px;left:8913.5px;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:4247.04px;left:9502.93px;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:4247.04px;left:9674.77px;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:4247.04px;left:9950.29px;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:4439.04px;left:0px;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:4439.04px;left:657.26px;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:4439.04px;left:808.3px;white-space:nowrap">downgraded,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4439.04px;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:4439.04px;left:2088.29px;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:4439.04px;left:2624.44px;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:4439.04px;left:3024.27px;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:4439.04px;left:3338.51px;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:4439.04px;left:3951.3px;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:4439.04px;left:4138.02px;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:4439.04px;left:4505.69px;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:4439.04px;left:5095.12px;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:4439.04px;left:5436.08px;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:4439.04px;left:5667.28px;white-space:nowrap">adversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4439.04px;left:6384.39px;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:bold;position:absolute;top:4776px;left:0px;letter-spacing:-0.26px;white-space:nowrap">Credit
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4776px;left:437.11px;letter-spacing:-0.26px;white-space:nowrap">Spread
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4776px;left:935.23px;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:4775.04px;left:1320.31px;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:4775.04px;left:1805.91px;letter-spacing:-0.41px;white-space:nowrap">spread
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4775.04px;left:2336.3px;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:4775.04px;left:2617.58px;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:4775.04px;left:2768.61px;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:4775.04px;left:3044.13px;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:4775.04px;left:3325.41px;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:4775.04px;left:3648.12px;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:4775.04px;left:4098.19px;letter-spacing:-0.36px;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:4775.04px;left:4696.75px;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:4775.04px;left:5043.63px;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:4775.04px;left:5319.14px;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:4775.04px;left:6074.82px;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:4775.04px;left:6246.66px;white-space:nowrap">yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4775.04px;left:6631.77px;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:4775.04px;left:7298.48px;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:4775.04px;left:8006.31px;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:4775.04px;left:8329.03px;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:4775.04px;left:8480.07px;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:4775.04px;left:8800.22px;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:4775.04px;left:8992.7px;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:4775.04px;left:9816.53px;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:4775.04px;left:9988.37px;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:4967.04px;left:0px;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:4967.04px;left:450.07px;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:4967.04px;left:1012.94px;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:4967.04px;left:1353.9px;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:4967.04px;left:1982.22px;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:4967.04px;left:2409.09px;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:4967.04px;left:2684.61px;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:4967.04px;left:3220.76px;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:4967.04px;left:3851.96px;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:4967.04px;left:4174.67px;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:4967.04px;left:4906.5px;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:4967.04px;left:5614.33px;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:4967.04px;left:6313.53px;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:4967.04px;left:6696.08px;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:4967.04px;left:6823.6px;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:4967.04px;left:7383.28px;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:4967.04px;left:7664.55px;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:4967.04px;left:7851.27px;white-space:nowrap">default.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4967.04px;left:8437.82px;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:4967.04px;left:9206.13px;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:4967.04px;left:9656.21px;letter-spacing:-0.36px;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:5159.04px;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:5159.04px;left:340.96px;letter-spacing:-0.41px;white-space:nowrap">reduce
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5159.04px;left:877.43px;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:5159.04px;left:1152.95px;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:5159.04px;left:1689.1px;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:5159.04px;left:2178.22px;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:5159.04px;left:2364.94px;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:5159.04px;left:2640.45px;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:5159.04px;left:3141.57px;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:5159.04px;left:3893.88px;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:5159.04px;left:4379.48px;letter-spacing:-0.36px;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:5159.04px;left:4978.03px;white-space:nowrap">often
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5159.04px;left:5395.78px;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:5159.04px;left:6024.1px;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:5159.04px;left:6438.97px;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:5159.04px;left:6678.81px;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:5159.04px;left:7114.16px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5159.04px;left:7534.63px;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:5159.04px;left:7848.87px;white-space:nowrap">unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5159.04px;left:8447.27px;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:5159.04px;left:9155.1px;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:5159.04px;left:9513.65px;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:5159.04px;left:9753.49px;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:5351.04px;left:0px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5351.04px;left:465.11px;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:5351.04px;left:1217.42px;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:5351.04px;left:1393.1px;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:5351.04px;left:2074.37px;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:5351.04px;left:2501.25px;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:5351.04px;left:2951.32px;letter-spacing:-0.36px;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:5351.04px;left:3549.88px;letter-spacing:-0.29px;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:5351.04px;left:4222.67px;letter-spacing:-0.26px;white-space:nowrap">reductions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5351.04px;left:5013.7px;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:5351.04px;left:5185.54px;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:5351.04px;left:5721.69px;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:5351.04px;left:6142.65px;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:5351.04px;left:6417.84px;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:5351.04px;left:7117.04px;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:5351.04px;left:7348.23px;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:5351.04px;left:7907.91px;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:5351.04px;left:8147.74px;letter-spacing:-0.55px;white-space:nowrap">longer-maturity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5351.04px;left:9281.96px;white-space:nowrap">securities.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5688px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.27px;white-space:nowrap">Deflation
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5688px;left:648.13px;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:5687.04px;left:1033.2px;text-rendering:optimizeLegibility;white-space:nowrap">Deflation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5687.04px;left:1729.51px;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:5687.04px;left:2010.79px;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:5687.04px;left:2161.83px;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:5687.04px;left:2437.34px;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:5687.04px;left:2718.62px;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:5687.04px;left:3041.33px;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:5687.04px;left:3509.33px;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:5687.04px;left:4353.64px;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:5687.04px;left:4629.15px;white-space:nowrap">economy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5687.04px;left:5331.87px;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:5687.04px;left:5894.9px;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:5687.04px;left:6253.45px;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:5687.04px;left:6659.21px;text-rendering:optimizeLegibility;white-space:nowrap">Deflation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5687.04px;left:7355.52px;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:5687.04px;left:7696.48px;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:5687.04px;left:8079.04px;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:5687.04px;left:8295.52px;white-space:nowrap">adverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5687.04px;left:8897.11px;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:5687.04px;left:9341.58px;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:5687.04px;left:9569.9px;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:5879.04px;left:0px;letter-spacing:-0.17px;white-space:nowrap">creditworthiness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5879.04px;left:1208.3px;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:5879.04px;left:1395.02px;white-space:nowrap">issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5879.04px;left:1913.41px;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:5879.04px;left:2227.65px;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:5879.04px;left:2568.61px;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:5879.04px;left:2998.52px;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:5879.04px;left:3448.76px;white-space:nowrap">default
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5879.04px;left:3990.83px;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:5879.04px;left:4405.71px;letter-spacing:-1.84px;white-space:nowrap">likely,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5879.04px;left:4838.34px;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:5879.04px;left:5291.77px;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:5879.04px;left:5632.73px;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:5879.04px;left:6065.05px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5879.04px;left:6236.88px;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:5879.04px;left:6364.4px;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:5879.04px;left:6927.44px;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:5879.04px;left:7099.28px;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:5879.04px;left:7374.79px;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:5879.04px;left:7795.75px;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:5879.04px;left:7982.47px;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:5879.04px;left:8257.99px;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:5879.04px;left:8759.1px;white-space:nowrap">portfolio.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6216px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.44px;white-space:nowrap">Derivatives
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6216px;left:776.88px;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:6215.04px;left:1161.95px;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:6215.04px;left:1476.19px;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:6215.04px;left:1766.75px;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:6215.04px;left:1953.47px;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:6215.04px;left:2762.09px;white-space:nowrap">involves
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6215.04px;left:3378.57px;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:6215.04px;left:4136.79px;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:6215.04px;left:4486.23px;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:6215.04px;left:4800.47px;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:6215.04px;left:5626.85px;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:6215.04px;left:6032.77px;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:6215.04px;left:6486.2px;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:6215.04px;left:6927.8px;white-space:nowrap">leave
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6215.04px;left:7348.75px;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:6215.04px;left:7624.27px;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:6215.04px;left:8033.39px;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:6215.04px;left:8205.23px;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:6215.04px;left:8332.75px;white-space:nowrap">worse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6215.04px;left:8797.86px;white-space:nowrap">position
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6215.04px;left:9416.89px;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:6215.04px;left:9775.44px;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:6215.04px;left:9905.68px;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:6215.04px;left:10041.68px;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:6407.04px;left:0px;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:6407.04px;left:281.44px;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:6407.04px;left:669.75px;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:6407.04px;left:1102.39px;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:6407.04px;left:2017.58px;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:6407.04px;left:2778.85px;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:6407.04px;left:3649.56px;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:6407.04px;left:3943.15px;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:6407.04px;left:4174.35px;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:6407.04px;left:4562.67px;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:6407.04px;left:4755.15px;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:6407.04px;left:5324.1px;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:6407.04px;left:5516.58px;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:6407.04px;left:5709.05px;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:6407.04px;left:6289.36px;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:6407.04px;left:6564.88px;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:6407.04px;left:6846.15px;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:6407.04px;left:7160.39px;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:6407.04px;left:7699.27px;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:6407.04px;left:7885.98px;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:6407.04px;left:8013.5px;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:6407.04px;left:8745.33px;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:6407.04px;left:9334.76px;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:6407.04px;left:9527.24px;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:6407.04px;left:9950.75px;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:6599.04px;left:0px;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:6599.04px;left:577.43px;white-space:nowrap">buying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6599.04px;left:1110.86px;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:6599.04px;left:1303.34px;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:6599.04px;left:1806.85px;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:6599.04px;left:2082.37px;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:6599.04px;left:2814.2px;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:6599.04px;left:3403.63px;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:6599.04px;left:3596.11px;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:6599.04px;left:4046.5px;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:6599.04px;left:4517.86px;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:6599.04px;left:5388.57px;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:6599.04px;left:5729.53px;white-space:nowrap">entail
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6599.04px;left:6164.88px;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:6599.04px;left:6991.43px;letter-spacing:-0.29px;white-space:nowrap">exposures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6599.04px;left:7759.1px;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:6599.04px;left:8081.82px;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:6599.04px;left:8348.54px;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:6599.04px;left:8908.21px;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:6599.04px;left:9266.77px;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:6599.04px;left:9633.8px;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:6599.04px;left:9971.56px;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:6791.04px;left:0px;white-space:nowrap">suggest.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6791.04px;left:651.83px;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:6791.04px;left:874.23px;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:6791.04px;left:1001.75px;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:6791.04px;left:1478.54px;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:6791.04px;left:1606.06px;white-space:nowrap">small
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6791.04px;left:2014.86px;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:6791.04px;left:2841.41px;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:6791.04px;left:3013.25px;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:6791.04px;left:3821.88px;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:6791.04px;left:4115.47px;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:6791.04px;left:4547.79px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6791.04px;left:4719.63px;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:6791.04px;left:5190.82px;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:6791.04px;left:5513.54px;letter-spacing:-0.36px;white-space:nowrap">greatly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6791.04px;left:6046.65px;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:6791.04px;left:6610px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6791.04px;left:6885.52px;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:6791.04px;left:7462.95px;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:6791.04px;left:8333.98px;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:6791.04px;left:9163.41px;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:6791.04px;left:9457.01px;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:6791.04px;left:9688.21px;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:6983.04px;left:0px;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:6983.04px;left:601.27px;white-space:nowrap">illiquid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6983.04px;left:1122.22px;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:6983.04px;left:1436.46px;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:6983.04px;left:2005.09px;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:6983.04px;left:2197.56px;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:6983.04px;left:2663px;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:6983.04px;left:2906.2px;letter-spacing:-0.52px;white-space:nowrap">over-the-counter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6983.04px;left:4138.66px;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:6983.04px;left:4879.13px;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:6983.04px;left:5705.52px;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:6983.04px;left:6372.23px;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:6983.04px;left:6647.75px;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:6983.04px;left:7056.87px;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:6983.04px;left:7371.11px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6983.04px;left:7498.63px;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:6983.04px;left:8452.37px;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:6983.04px;left:8775.09px;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:6983.04px;left:8926.12px;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:6983.04px;left:9207.56px;letter-spacing:-0.36px;white-space:nowrap">cleared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6983.04px;left:9776.51px;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:6983.04px;left:10383.87px;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:7175.04px;left:0px;white-space:nowrap">central
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7175.04px;left:527.19px;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:7175.04px;left:1480.94px;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:7175.04px;left:1809.89px;white-space:nowrap">involves
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7175.04px;left:2426.36px;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:7175.04px;left:2701.88px;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:7175.04px;left:2983.16px;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:7175.04px;left:3305.87px;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:7175.04px;left:3433.39px;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:7175.04px;left:3747.47px;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:7175.04px;left:4088.42px;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:7175.04px;left:4319.62px;white-space:nowrap">sustained
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7175.04px;left:5039.61px;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:7175.04px;left:5235.29px;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:7175.04px;left:5362.81px;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:7175.04px;left:5795.13px;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:7175.04px;left:5981.84px;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:7175.04px;left:6257.36px;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:7175.04px;left:6737.19px;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:7175.04px;left:6923.91px;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:7175.04px;left:7199.43px;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:7175.04px;left:8153.17px;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:7175.04px;left:8345.65px;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:7175.04px;left:8621.17px;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:7175.04px;left:9246.12px;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:7175.04px;left:9438.59px;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:7175.04px;left:9868.51px;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:7367.04px;left:0px;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:7367.04px;left:782.39px;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:7367.04px;left:1096.63px;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:7367.04px;left:1766.38px;white-space:nowrap">obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7367.04px;left:2536.45px;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:7367.04px;left:2776.28px;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:7367.04px;left:2903.8px;letter-spacing:-0.36px;white-space:nowrap">cleared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7367.04px;left:3472.76px;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:7367.04px;left:4213.23px;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:7367.04px;left:5039.61px;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:7367.04px;left:5190.65px;white-space:nowrap">guaranteed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7367.04px;left:6058.8px;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:7367.04px;left:6278.16px;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:7367.04px;left:6405.68px;white-space:nowrap">central
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7367.04px;left:6932.87px;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:7367.04px;left:7916.38px;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:7367.04px;left:8369.81px;white-space:nowrap">exposes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7367.04px;left:8998.29px;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:7367.04px;left:9273.81px;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:7367.04px;left:9682.92px;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:7367.04px;left:9875.4px;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:7559.04px;left:0px;letter-spacing:-0.17px;white-space:nowrap">creditworthiness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7559.04px;left:1208.3px;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:7559.04px;left:1395.02px;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:7559.04px;left:1670.53px;white-space:nowrap">central
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7559.04px;left:2197.73px;letter-spacing:-1.13px;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:7895.04px;left:0px;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:7895.04px;left:139.84px;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:7895.04px;left:290.87px;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:7895.04px;left:927.82px;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:7895.04px;left:1250.54px;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:7895.04px;left:2020.61px;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:7895.04px;left:2213.08px;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:7895.04px;left:2636.6px;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:7895.04px;left:3700.42px;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:7895.04px;left:3872.26px;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:7895.04px;left:4147.78px;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:7895.04px;left:4956.41px;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:7895.04px;left:5537.04px;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:7895.04px;left:6236.23px;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:7895.04px;left:6873.67px;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:7895.04px;left:7045.51px;letter-spacing:0.26px;white-space:nowrap">government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7895.04px;left:7961.02px;letter-spacing:-0.18px;white-space:nowrap">regulation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7895.04px;left:8772.69px;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:7895.04px;left:9214.28px;white-space:nowrap">adversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7895.04px;left:9931.39px;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:8087.04px;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:8087.04px;left:275.52px;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:8087.04px;left:776.64px;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:8087.04px;left:1247.35px;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:8087.04px;left:1439.82px;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:8087.04px;left:1899.02px;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:8087.04px;left:2070.85px;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:8087.04px;left:2598.05px;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:8087.04px;left:3406.67px;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:8087.04px;left:3599.15px;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:8087.04px;left:4470.5px;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:8087.04px;left:4761.06px;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:8087.04px;left:5501.53px;white-space:nowrap">instruments.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8424px;left:0px;letter-spacing:-0.33px;white-space:nowrap">Distressed
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8424px;left:723.52px;text-rendering:optimizeLegibility;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8424px;left:1402.89px;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:8423.04px;left:1860.31px;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:8423.04px;left:2174.55px;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:8423.04px;left:2583.67px;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:8423.04px;left:2924.63px;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:8423.04px;left:3383.82px;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:8423.04px;left:3555.66px;white-space:nowrap">low-rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8423.04px;left:4278.21px;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:8423.04px;left:4986.04px;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:8423.04px;left:5178.51px;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:8423.04px;left:5886.34px;white-space:nowrap">unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8423.04px;left:6484.73px;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:8423.04px;left:6769.05px;white-space:nowrap">judged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8423.04px;left:7323.13px;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:8423.04px;left:7542.48px;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:8423.04px;left:7818px;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:8423.04px;left:8677.19px;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:8423.04px;left:8869.67px;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:8423.04px;left:9100.86px;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:8423.04px;left:9287.58px;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:8615.04px;left:0px;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:8615.04px;left:551.03px;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:8615.04px;left:1004.63px;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:8615.04px;left:1197.1px;white-space:nowrap">many
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8615.04px;left:1627.02px;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:8615.04px;left:1813.74px;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:8615.04px;left:2246.37px;white-space:nowrap">low-rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8615.04px;left:2968.92px;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:8615.04px;left:3721.23px;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:8615.04px;left:4399.78px;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:8615.04px;left:4681.22px;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:8615.04px;left:4853.06px;white-space:nowrap">default,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8615.04px;left:5439.61px;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:8615.04px;left:5780.57px;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:8615.04px;left:6011.77px;letter-spacing:-0.21px;white-space:nowrap">&#8220;distressed,&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8615.04px;left:6986.47px;white-space:nowrap">meaning
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8615.04px;left:7653.35px;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:8615.04px;left:7976.06px;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:8615.04px;left:8251.58px;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:8615.04px;left:8701.82px;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:8615.04px;left:8852.85px;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:8615.04px;left:9821.8px;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:8807.04px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.22px;white-space:nowrap">difficulties
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8807.04px;left:764.15px;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:8807.04px;left:956.62px;letter-spacing:-0.32px;white-space:nowrap">distress
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8807.04px;left:1534.06px;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:8807.04px;left:1714.69px;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:8807.04px;left:1990.21px;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:8807.04px;left:2351.48px;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:8807.04px;left:2538.2px;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:8807.04px;left:3394.35px;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:8807.04px;left:3782.83px;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:8807.04px;left:4490.66px;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:8807.04px;left:4970.65px;letter-spacing:-0.36px;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:8807.04px;left:5551.28px;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:8807.04px;left:5678.8px;white-space:nowrap">substantial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8807.04px;left:6484.39px;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:8807.04px;left:6765.67px;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:8807.04px;left:6952.38px;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:8807.04px;left:7414.46px;white-space:nowrap">default
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8807.04px;left:7956.53px;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:8807.04px;left:8409.97px;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:8807.04px;left:8750.92px;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:8807.04px;left:9201.64px;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:8807.04px;left:9477.16px;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:8807.04px;left:9886.28px;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:8807.04px;left:10078.75px;white-space:nowrap">incur
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8999.04px;left:0px;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:8999.04px;left:515.67px;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:8999.04px;left:1214.87px;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:8999.04px;left:1973.09px;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:8999.04px;left:2729.09px;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:8999.04px;left:2921.56px;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:8999.04px;left:3197.08px;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:8999.04px;left:3691.8px;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:8999.04px;left:3827.79px;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:8999.04px;left:3978.83px;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:8999.04px;left:4624.58px;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:8999.04px;left:4817.06px;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:8999.04px;left:5184.74px;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:8999.04px;left:5836.73px;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:8999.04px;left:6251.77px;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:8999.04px;left:6379.29px;white-space:nowrap">default
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8999.04px;left:6921.36px;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:8999.04px;left:7093.2px;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:8999.04px;left:7368.72px;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:8999.04px;left:8038.47px;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:8999.04px;left:8225.19px;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:8999.04px;left:8882.61px;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:8999.04px;left:9075.09px;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:8999.04px;left:9649.48px;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:8999.04px;left:9877.8px;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:9191.04px;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:9191.04px;left:752.31px;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:9191.04px;left:927.99px;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:9191.04px;left:1221.59px;letter-spacing:-0.38px;white-space:nowrap">reorganization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9191.04px;left:2285.09px;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:9191.04px;left:2477.57px;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:9191.04px;left:3280.11px;letter-spacing:-0.26px;white-space:nowrap">proceeding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9191.04px;left:4145.39px;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:9191.04px;left:4728.74px;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:9191.04px;left:4921.21px;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:9191.04px;left:5048.73px;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:9191.04px;left:5706px;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:9191.04px;left:6325.19px;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:9191.04px;left:6600.71px;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:9191.04px;left:7009.82px;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:9191.04px;left:7350.78px;white-space:nowrap">lose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9191.04px;left:7685.66px;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:9191.04px;left:7889.81px;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:9191.04px;left:8342.93px;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:9191.04px;left:9169.48px;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:9191.04px;left:9361.95px;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:9191.04px;left:9702.91px;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:9191.04px;left:9934.11px;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:9383.04px;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:9383.04px;left:192.48px;white-space:nowrap">accept
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9383.04px;left:714.07px;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:9383.04px;left:1075.83px;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:9383.04px;left:1268.3px;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:9383.04px;left:1976.13px;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:9383.04px;left:2316.61px;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:9383.04px;left:2444.13px;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:9383.04px;left:2865.08px;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:9383.04px;left:3173.24px;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:9383.04px;left:3531.8px;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:9383.04px;left:3735.95px;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:9383.04px;left:4313.38px;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:9383.04px;left:5184.41px;letter-spacing:-0.26px;white-space:nowrap">Distressed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9383.04px;left:5969.36px;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:9383.04px;left:6677.19px;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:9383.04px;left:7018.15px;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:9383.04px;left:7249.35px;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:9383.04px;left:7806.3px;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:9383.04px;left:7998.78px;letter-spacing:-0.22px;white-space:nowrap">restrictions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9383.04px;left:8815.88px;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:9383.04px;left:9044.2px;letter-spacing:-0.41px;white-space:nowrap">resale.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9720px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.56px;white-space:nowrap">Duration
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9720px;left:619.3px;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:9719.04px;left:1004.38px;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:9719.04px;left:1667.89px;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:9719.04px;left:1818.92px;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:9719.04px;left:2094.44px;letter-spacing:-1.13px;white-space:nowrap">sensitivity,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9719.04px;left:2858.59px;letter-spacing:-0.29px;white-space:nowrap">expressed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9719.04px;left:3629.14px;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:9719.04px;left:3800.98px;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:9719.04px;left:4260.34px;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:9719.04px;left:4447.05px;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:9719.04px;left:4722.57px;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:9719.04px;left:5122.4px;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:9719.04px;left:5309.12px;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:9719.04px;left:5436.64px;text-rendering:optimizeLegibility;white-space:nowrap">fixed-income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9719.04px;left:6408.79px;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:9719.04px;left:6998.22px;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:9719.04px;left:7190.7px;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:9719.04px;left:7828.13px;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:9719.04px;left:7999.97px;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:9719.04px;left:8275.49px;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:9719.04px;left:8859.16px;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:9719.04px;left:9235.48px;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:9719.04px;left:9422.19px;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:9719.04px;left:9996.59px;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:9911.04px;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:9911.04px;left:234.07px;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:9911.04px;left:773.43px;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:9911.04px;left:1502.06px;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:9911.04px;left:1842.53px;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:9911.04px;left:2349.08px;white-space:nowrap">durations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9911.04px;left:3059.95px;white-space:nowrap">tend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9911.04px;left:3433.23px;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:9911.04px;left:3625.71px;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:9911.04px;left:3856.9px;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:9911.04px;left:4271.78px;white-space:nowrap">sensitive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9911.04px;left:4926.49px;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:9911.04px;left:5118.97px;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:9911.04px;left:5693.36px;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:9911.04px;left:6016.07px;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:9911.04px;left:6250.15px;white-space:nowrap">yield)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9911.04px;left:6676.86px;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:9911.04px;left:7358.78px;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:9911.04px;left:7812.21px;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:9911.04px;left:8437.16px;letter-spacing:-0.24px;white-space:nowrap">corresponds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9911.04px;left:9361.63px;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:9911.04px;left:9554.11px;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:10103.04px;left:0px;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:10103.04px;left:636.46px;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:10103.04px;left:950.7px;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:10103.04px;left:1276.46px;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:10103.04px;left:1635.01px;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:10103.04px;left:2342.84px;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:10103.04px;left:2683.32px;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:10103.04px;left:3228.11px;white-space:nowrap">durations.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10103.04px;left:3983.46px;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:10103.04px;left:4264.89px;white-space:nowrap">example,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10103.04px;left:4964.41px;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:10103.04px;left:5094.64px;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:10103.04px;left:5222.16px;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:10103.04px;left:5811.59px;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:10103.04px;left:6004.07px;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:10103.04px;left:6661.33px;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:10103.04px;left:6945.97px;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:10103.04px;left:7073.49px;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:10103.04px;left:7716.2px;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:10103.04px;left:7902.92px;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:10103.04px;left:8317.63px;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:10103.04px;left:8732.51px;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:10103.04px;left:9046.75px;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:10103.04px;left:9621.14px;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:10103.04px;left:10012.01px;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:10295.04px;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:10295.04px;left:219.36px;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:10295.04px;left:530.56px;white-space:nowrap">then
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10295.04px;left:895.03px;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:10295.04px;left:1170.55px;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:10295.04px;left:1759.98px;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:10295.04px;left:1952.46px;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:10295.04px;left:2609.72px;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:10295.04px;left:3089.71px;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:10295.04px;left:3652.75px;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:10295.04px;left:3824.59px;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:10295.04px;left:4245.54px;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:10295.04px;left:4464.9px;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:10295.04px;left:5525.53px;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:10295.04px;left:5836.73px;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:10295.04px;left:6500.24px;letter-spacing:-0.36px;white-space:nowrap">differs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10295.04px;left:6982.95px;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:10295.04px;left:7356.22px;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:10295.04px;left:7983.89px;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:10295.04px;left:8155.73px;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:10295.04px;left:8478.44px;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:10295.04px;left:8614.44px;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:10295.04px;left:9334.43px;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:10295.04px;left:10015.54px;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:10487.04px;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:10487.04px;left:192.48px;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:10487.04px;left:766.87px;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:10487.04px;left:1202.22px;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:10487.04px;left:1516.46px;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:10487.04px;left:1643.98px;letter-spacing:-1.61px;white-space:nowrap">security&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10487.04px;left:2325.41px;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:10487.04px;left:2912.44px;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:10487.04px;left:3694.84px;white-space:nowrap">yield,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10487.04px;left:4124.43px;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:10487.04px;left:4524.27px;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:10487.04px;left:4838.5px;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:10487.04px;left:5116.9px;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:10487.04px;left:5537.86px;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:10487.04px;left:5852.09px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10487.04px;left:6133.53px;letter-spacing:-0.29px;white-space:nowrap">features,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10487.04px;left:6791.28px;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:10487.04px;left:6963.12px;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:10487.04px;left:7599.91px;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:10487.04px;left:7792.39px;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:10487.04px;left:8067.91px;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:10487.04px;left:8657.66px;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:10487.04px;left:8844.38px;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:10487.04px;left:9205.65px;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:10487.04px;left:9557.96px;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:10487.04px;left:9833.48px;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:10679.04px;left:0px;letter-spacing:-0.32px;white-space:nowrap">matures.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10679.04px;left:657.75px;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:10679.04px;left:971.99px;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:10679.04px;left:1614.7px;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:10679.04px;left:1801.42px;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:10679.04px;left:1928.94px;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:10679.04px;left:2518.37px;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:10679.04px;left:2793.56px;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:10679.04px;left:3024.76px;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:10679.04px;left:3738.99px;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:10679.04px;left:3931.47px;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:10679.04px;left:4500.75px;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:10679.04px;left:4859.3px;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:10679.04px;left:5220.58px;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:10679.04px;left:5561.05px;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:10679.04px;left:6198.49px;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:10679.04px;left:6370.32px;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:10679.04px;left:6906.48px;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:10679.04px;left:7427.75px;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:10679.04px;left:7741.98px;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:10679.04px;left:8103.26px;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:10679.04px;left:8295.73px;letter-spacing:-1.64px;white-space:nowrap">maturity.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11016px;left:0px;letter-spacing:-0.3px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11016px;left:672.73px;letter-spacing:-0.22px;white-space:nowrap">Sector
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11016px;left:1128.83px;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:11015.04px;left:1513.91px;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:11015.04px;left:1828.14px;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:11015.04px;left:2237.26px;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:11015.04px;left:2578.22px;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:11015.04px;left:3037.41px;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:11015.04px;left:3164.93px;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:11015.04px;left:3929.24px;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:11015.04px;left:4519px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11015.04px;left:4705.71px;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:11015.04px;left:4909.87px;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:11015.04px;left:5276.9px;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:11015.04px;left:5750.97px;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:11015.04px;left:5922.81px;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:11015.04px;left:6654.64px;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:11015.04px;left:7362.47px;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:11015.04px;left:7534.31px;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:11015.04px;left:7809.83px;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:11015.04px;left:8230.79px;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:11015.04px;left:8971.9px;letter-spacing:-1.84px;white-space:nowrap">sector.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11015.04px;left:9525.97px;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:11015.04px;left:9857.81px;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:11015.04px;left:10198.76px;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:11207.04px;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:11207.04px;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:11207.04px;left:684.64px;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:11207.04px;left:1099.51px;white-space:nowrap">susceptible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11207.04px;left:1949.74px;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:11207.04px;left:2142.22px;white-space:nowrap">adverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11207.04px;left:2743.81px;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:11207.04px;left:3529.4px;white-space:nowrap">political
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11207.04px;left:4133.39px;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:11207.04px;left:4325.86px;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:11207.04px;left:5095.93px;letter-spacing:-0.24px;white-space:nowrap">occurrences
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11207.04px;left:5994px;letter-spacing:-0.29px;white-space:nowrap">affecting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11207.04px;left:6657.68px;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:11207.04px;left:6874.16px;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:11207.04px;left:7615.27px;letter-spacing:-1.84px;white-space:nowrap">sector,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11207.04px;left:8124.86px;white-space:nowrap">making
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11207.04px;left:8690.93px;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:11207.04px;left:8966.45px;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:11207.04px;left:9375.57px;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:11207.04px;left:9790.44px;white-space:nowrap">vulnerable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11399.04px;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:11399.04px;left:192.48px;white-space:nowrap">unfavorable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11399.04px;left:1078.54px;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:11399.04px;left:2142.37px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11399.04px;left:2314.21px;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:11399.04px;left:2636.93px;white-space:nowrap">sector
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11399.04px;left:3116.76px;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:11399.04px;left:3475.31px;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:11399.04px;left:3910.99px;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:11399.04px;left:4233.71px;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:11399.04px;left:4692.9px;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:11399.04px;left:5107.78px;letter-spacing:-1.96px;white-space:nowrap">broadly.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11399.04px;left:5765.69px;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:11399.04px;left:5988.09px;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:11399.04px;left:6263.6px;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:11399.04px;left:7122.96px;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:11399.04px;left:7309.67px;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:11399.04px;left:7585.19px;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:11399.04px;left:8086.31px;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:11399.04px;left:8812.71px;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:11399.04px;left:9313.5px;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:11399.04px;left:9959.41px;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:11399.04px;left:10131.25px;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:11591.04px;left:0px;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:11591.04px;left:710.55px;white-space:nowrap">sector
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11591.04px;left:1190.38px;letter-spacing:-0.26px;white-space:nowrap">increases,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11591.04px;left:1931.33px;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:11591.04px;left:2138.85px;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:11591.04px;left:2533.09px;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:11591.04px;left:2808.6px;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:11591.04px;left:3489.71px;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:11591.04px;left:3729.55px;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:11591.04px;left:4526.49px;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:11591.04px;left:4698.33px;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:11591.04px;left:4973.85px;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:11591.04px;left:5394.81px;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:11591.04px;left:5581.52px;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:11591.04px;left:5857.04px;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:11591.04px;left:6358.16px;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:11591.04px;left:6921.19px;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:11591.04px;left:7096.87px;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:11591.04px;left:7778.14px;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:11591.04px;left:8053.66px;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:11591.04px;left:8462.78px;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:11591.04px;left:8803.74px;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:11591.04px;left:9262.93px;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:11591.04px;left:9390.45px;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:11783.04px;left:0px;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:11783.04px;left:565.59px;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:11783.04px;left:752.3px;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:11783.04px;left:956.46px;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:11783.04px;left:1430.53px;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:11783.04px;left:1602.37px;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:11783.04px;left:2129.57px;white-space:nowrap">sectors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11783.04px;left:2677.56px;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:11783.04px;left:2864.27px;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:11783.04px;left:3139.79px;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:11783.04px;left:3871.62px;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:11783.04px;left:4579.45px;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:11783.04px;left:5160.08px;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:11783.04px;left:5527.76px;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:11783.04px;left:5723.44px;white-space:nowrap">health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11783.04px;left:6209.36px;letter-spacing:-0.58px;white-space:nowrap">care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11783.04px;left:6553.19px;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:11783.04px;left:7213.5px;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:11783.04px;left:7749.49px;white-space:nowrap">educational
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11783.04px;left:8626.6px;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:11783.04px;left:9286.91px;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:11783.04px;left:9823.22px;white-space:nowrap">taxing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11975.04px;left:0px;white-space:nowrap">districts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11975.04px;left:591.83px;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:11975.04px;left:906.06px;white-space:nowrap">start-up
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11975.04px;left:1501.09px;white-space:nowrap">utility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11975.04px;left:1933.08px;white-space:nowrap">districts,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11975.04px;left:2569.39px;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:11975.04px;left:2883.63px;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:11975.04px;left:3419.62px;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:11975.04px;left:3961.53px;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:11975.04px;left:4453.52px;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:11975.04px;left:5152.71px;white-space:nowrap">industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11975.04px;left:5845.5px;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:11975.04px;left:6841.17px;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:11975.04px;left:7333.17px;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:11975.04px;left:7561.48px;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:11975.04px;left:8050.44px;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:11975.04px;left:8237.16px;white-space:nowrap">transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11975.04px;left:9285.3px;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:11975.04px;left:10147.85px;white-space:nowrap">whose </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">94</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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Shareholder
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1871.68px;white-space:nowrap">Update
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:2984.16px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4235.41px;white-space:nowrap">(continued)</div></div> </div>
<div style="height:638.06px;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;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:450.07px;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:0px;left:971.35px;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:0px;left:1285.58px;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:0px;left:2242.53px;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:0px;left:2583.49px;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:2814.69px;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:0px;left:3229.56px;white-space:nowrap">susceptible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4079.79px;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:0px;left:4272.27px;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:0px;left:5057.86px;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:0px;left:5754.33px;white-space:nowrap">political,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6402.8px;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:0px;left:7172.87px;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:0px;left:7487.1px;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:0px;left:7910.62px;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:0px;left:8974.45px;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:0px;left:9333px;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:0px;left:9756.52px;white-space:nowrap">sectors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:10304.51px;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:192px;left:0px;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:192px;left:731.83px;white-space:nowrap">issuers.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1339.18px;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:192px;left:1473.26px;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:192px;left:1748.78px;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:192px;left:2157.9px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2685.25px;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:192px;left:2812.77px;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:3577.08px;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:192px;left:4142.67px;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:192px;left:4329.38px;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:4533.54px;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:192px;left:5007.61px;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:192px;left:5179.45px;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:192px;left:5496.73px;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:192px;left:5689.21px;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:6104.08px;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:192px;left:6814.63px;white-space:nowrap">sectors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7407.1px;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:192px;left:7682.62px;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:192px;left:8183.74px;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:192px;left:9140.68px;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:192px;left:9481.64px;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:192px;left:9712.84px;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:192px;left:10269.79px;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:384px;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:384px;left:758.23px;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:384px;left:1039.5px;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:384px;left:1353.74px;letter-spacing:-1.13px;white-space:nowrap">variability.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:720.96px;left:0px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:720.96px;left:624.14px;letter-spacing:-0.22px;white-space:nowrap">Futures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:720.96px;left:1160.39px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:720.96px;left:1447.27px;text-rendering:optimizeLegibility;letter-spacing:-0.08px;white-space:nowrap">Options
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:720.96px;left:2006.25px;text-rendering:optimizeLegibility;letter-spacing:-0.9px;white-space:nowrap">Transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:720.96px;left:2870.78px;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:720px;left:3255.86px;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:720px;left:3570.1px;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:720px;left:3979.22px;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:4320.17px;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:720px;left:4610.73px;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:720px;left:5137.92px;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:720px;left:6032.47px;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:720px;left:6272.3px;white-space:nowrap">hedging
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:6915.34px;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:720px;left:7190.86px;letter-spacing:-1.48px;white-space:nowrap">portfolio&#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:7940.12px;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:720px;left:8639.63px;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:720px;left:8832.11px;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:720px;left:9282.18px;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:720px;left:9563.46px;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:720px;left:9877.7px;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:720px;left:10153.21px;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:912px;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:912px;left:186.72px;letter-spacing:-0.29px;white-space:nowrap">increases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:883.19px;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:912px;left:1055.03px;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:912px;left:1629.42px;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:912px;left:2064.78px;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:912px;left:2518.21px;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:912px;left:2959.8px;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:912px;left:3392.12px;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:912px;left:3563.96px;letter-spacing:-0.41px;white-space:nowrap">poorer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:4088.27px;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:912px;left:4606.66px;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:912px;left:5563.61px;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:912px;left:5803.44px;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:912px;left:6078.96px;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:6532.56px;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:912px;left:6985.99px;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:912px;left:7326.95px;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:912px;left:7558.15px;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:912px;left:7774.63px;white-space:nowrap">imperfect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:8500.22px;letter-spacing:-0.24px;white-space:nowrap">correlation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:9305.8px;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:912px;left:9972.52px;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:1104px;left:0px;white-space:nowrap">movements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:877.27px;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:1063.99px;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:1104px;left:1339.5px;letter-spacing:-0.36px;white-space:nowrap">futures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:1869.74px;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:1104px;left:2183.98px;white-space:nowrap">options
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:2764.61px;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:1104px;left:3078.85px;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:1104px;left:3478.68px;white-space:nowrap">movements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:4355.95px;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:1104px;left:4542.67px;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:1104px;left:4818.18px;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:1104px;left:5475.45px;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:1104px;left:6183.28px;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:1104px;left:6639.59px;white-space:nowrap">hedged.
</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">If
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:134.08px;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:1440px;left:409.59px;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:1440px;left:818.71px;white-space:nowrap">engages
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:1476.79px;white-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:1648.63px;letter-spacing:-0.36px;white-space:nowrap">futures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:2178.86px;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:1440px;left:3073.41px;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:1440px;left:3265.88px;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:1440px;left:3437.72px;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:1440px;left:3713.24px;white-space:nowrap">writing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:4242.99px;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:1440px;left:4429.7px;white-space:nowrap">options
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:5010.33px;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:5238.65px;letter-spacing:-0.32px;white-space:nowrap">futures,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:5813.37px;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:1440px;left:5949.36px;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:1440px;left:6224.56px;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:1440px;left:6455.75px;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:1440px;left:7101.51px;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:1440px;left:7293.98px;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:1440px;left:7948.7px;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:1440px;left:8371.89px;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:1440px;left:8911.08px;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:1440px;left:9225.32px;white-space:nowrap">maintenance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:0px;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:1632px;left:539.19px;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:1632px;left:853.43px;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:1632px;left:1194.39px;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:1632px;left:1425.59px;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:1632px;left:2071.34px;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:1632px;left:2263.82px;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:1632px;left:2693.74px;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:1632px;left:3072.93px;white-space:nowrap">variation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:3727.48px;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:1632px;left:4266.67px;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:1632px;left:5004.58px;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:1632px;left:5176.42px;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:1632px;left:6039.14px;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:1632px;left:6379.61px;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:1632px;left:7164.72px;white-space:nowrap">rules
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:7546.79px;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:1632px;left:7733.51px;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:1632px;left:8009.03px;white-space:nowrap">exchanges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:8812.54px;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:1632px;left:9126.78px;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:1632px;left:9402.3px;white-space:nowrap">Commodity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:0px;letter-spacing:-0.36px;white-space:nowrap">Futures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:571.84px;letter-spacing:-1.84px;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:1824px;left:1152.47px;white-space:nowrap">Commission
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:2074.06px;white-space:nowrap">(&#8220;CFTC&#8221;).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:2818.37px;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:2952.45px;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:1824px;left:3227.96px;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:3637.08px;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:1824px;left:4392.92px;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:1824px;left:4520.44px;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:1824px;left:5148.75px;letter-spacing:-0.36px;white-space:nowrap">futures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:5678.98px;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:1824px;left:6303.93px;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:1824px;left:6496.41px;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:1824px;left:6623.93px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:6905.36px;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:1824px;left:7417.83px;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:1824px;left:7610.31px;white-space:nowrap">writes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:8072.06px;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:1824px;left:8199.58px;white-space:nowrap">put
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:8483.9px;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:1824px;left:8996.37px;white-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:9168.21px;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:1824px;left:9597.64px;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:1824px;left:9790.11px;white-space:nowrap">hedge
</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">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:275.52px;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:2016px;left:1119.67px;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:2016px;left:1807.34px;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:2016px;left:1994.06px;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:2016px;left:2725.89px;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:2016px;left:3478.2px;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:2016px;left:3792.44px;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:2016px;left:3922.67px;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:2016px;left:4198.19px;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:2016px;left:4607.31px;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:2016px;left:4927.14px;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:2016px;left:5119.62px;white-space:nowrap">complete
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:5839.61px;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:2016px;left:6115.13px;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:2016px;left:6959.27px;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:2016px;left:7646.95px;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:2016px;left:8517.82px;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:2016px;left:8793.33px;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:2016px;left:9202.45px;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:2016px;left:9543.41px;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:2016px;left:9925.97px;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:2016px;left:10053.49px;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:2208px;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:2208px;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:2208px;left:320px;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:2208px;left:672.63px;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:2208px;left:900.95px;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:2208px;left:1176.47px;letter-spacing:-0.36px;white-space:nowrap">futures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:1706.7px;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:2208px;left:1899.18px;white-space:nowrap">options
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:2479.81px;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:2208px;left:3306.19px;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:2208px;left:3628.91px;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:2208px;left:3904.1px;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:2208px;left:4185.54px;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:2208px;left:4416.74px;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:2208px;left:4858.17px;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:5077.53px;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:2208px;left:5477.36px;white-space:nowrap">movements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:6354.63px;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:2208px;left:6526.47px;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:2208px;left:6801.99px;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:2208px;left:7533.82px;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:2208px;left:8241.65px;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:2208px;left:8564.36px;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:2208px;left:8952.52px;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:2208px;left:9228.04px;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:2208px;left:9784.99px;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:2208px;left:9971.71px;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:2400px;left:0px;white-space:nowrap">anticipatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:882.54px;white-space:nowrap">hedge.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:1433.9px;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:2400px;left:1887.34px;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:2400px;left:2180.94px;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:2412.14px;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:2400px;left:2640.45px;white-space:nowrap">assurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:3384.45px;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:2400px;left:3707.16px;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:2400px;left:3834.68px;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:2400px;left:4278.84px;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:2400px;left:4814.99px;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:2400px;left:5090.18px;white-space:nowrap">exist
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:5460.42px;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:2400px;left:5641.05px;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:2400px;left:5768.57px;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:2400px;left:6129.85px;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:2400px;left:6556.72px;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:2400px;left:6832.24px;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:2400px;left:7241.36px;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:2400px;left:7677.2px;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:2400px;left:7869.67px;white-space:nowrap">close
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:8281.67px;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:2400px;left:8563.1px;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:2400px;left:8690.62px;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:2400px;left:9499.25px;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:2400px;left:9691.73px;letter-spacing:-0.36px;white-space:nowrap">futures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:10221.96px;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:2400px;left:10414.44px;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:2592px;left:0px;letter-spacing:-0.36px;white-space:nowrap">futures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:530.23px;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:2592px;left:1042.71px;white-space:nowrap">position,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:1706.21px;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:2592px;left:2020.45px;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:2592px;left:2295.97px;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:2705.09px;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:2592px;left:3185.08px;letter-spacing:-0.41px;white-space:nowrap">remain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:3715.48px;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:2592px;left:4450.02px;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:2592px;left:4642.5px;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:2592px;left:5054.34px;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:2592px;left:5593.53px;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:2592px;left:6577.04px;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:2592px;left:6929.36px;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:2592px;left:7204.87px;white-space:nowrap">position
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:7823.9px;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:2592px;left:7974.94px;white-space:nowrap">closed.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2928.96px;left:0px;white-space:nowrap">Hedging
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2928.96px;left:580.39px;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:2928px;left:965.47px;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:2928px;left:1279.71px;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:2928px;left:1780.83px;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:2928px;left:2071.38px;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:2928px;left:2258.1px;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:2928px;left:3066.73px;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:2928px;left:3259.2px;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:2928px;left:3682.72px;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:2928px;left:4577.26px;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:2928px;left:4769.74px;letter-spacing:-0.41px;white-space:nowrap">reduce
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:5306.22px;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:2928px;left:5587.49px;white-space:nowrap">involves
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:6203.96px;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:2928px;left:6609.88px;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:2928px;left:6924.11px;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:7199.31px;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:7430.51px;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:2928px;left:7987.46px;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:2928px;left:8179.93px;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:2928px;left:8455.45px;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:2928px;left:9282px;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:2928px;left:9925.03px;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:3120px;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:3120px;left:275.52px;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:3120px;left:1226.71px;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:1697.42px;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:3120px;left:1889.89px;letter-spacing:-0.36px;white-space:nowrap">predict
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:2437.72px;letter-spacing:-0.29px;white-space:nowrap">correctly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:3092.27px;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:3120px;left:3729.71px;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:3120px;left:3901.55px;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:3120px;left:4177.07px;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:3120px;left:5118.97px;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:3120px;left:5305.69px;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:3120px;left:5673.37px;white-space:nowrap">hedge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:6180.24px;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:3120px;left:7050.95px;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:3120px;left:7243.43px;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:3120px;left:7518.95px;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:3120px;left:8020.06px;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:3120px;left:8677.33px;white-space:nowrap">holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:9335.08px;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:3120px;left:9527.55px;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:3120px;left:9951.07px;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:3312px;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:3312px;left:263.84px;white-space:nowrap">assurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:1007.83px;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:3312px;left:1301.43px;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:3312px;left:1532.63px;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:3312px;left:1968.31px;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:3312px;left:2291.02px;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:3312px;left:2566.54px;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:3312px;left:3393.09px;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:3312px;left:4036.12px;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:3312px;left:4557.55px;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:3312px;left:4833.07px;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:3312px;left:5828.74px;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:3312px;left:6563.45px;white-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:6735.29px;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:3312px;left:7028.41px;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:3312px;left:7597.2px;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:3312px;left:7872.39px;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:3312px;left:8103.59px;letter-spacing:-0.32px;white-space:nowrap">correct,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:8687.1px;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:3312px;left:9001.34px;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:3312px;left:9229.66px;white-space:nowrap">assurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:9973.65px;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:3312px;left:10267.25px;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:3504px;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:3504px;left:435.68px;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:3504px;left:758.39px;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:3504px;left:1033.91px;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:3504px;left:1443.03px;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:3504px;left:1718.22px;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:3504px;left:2135.82px;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:3504px;left:2455.65px;white-space:nowrap">hedging
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:3098.68px;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:3504px;left:3291.16px;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:3504px;left:3714.67px;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:3504px;left:4609.22px;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:3504px;left:4789.86px;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:3504px;left:5219.29px;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:3504px;left:5411.77px;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:3504px;left:5874px;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:3504px;left:6914.15px;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:3504px;left:7085.99px;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:3504px;left:7539.42px;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:3504px;left:7675.42px;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:3504px;left:8016.38px;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:3504px;left:8247.58px;white-space:nowrap">advisable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:8964.69px;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:3504px;left:9157.16px;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:3504px;left:9394.28px;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:3504px;left:9646.28px;white-space:nowrap">Hedging
</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">activities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:660.31px;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:3696px;left:1001.26px;letter-spacing:-0.41px;white-space:nowrap">reduce
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:1537.74px;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:3696px;left:1813.26px;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:2314.38px;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:3696px;left:3315.32px;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:3696px;left:3555.15px;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:3696px;left:3907.79px;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:3696px;left:4127.15px;letter-spacing:-0.26px;white-space:nowrap">offsetting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:4846.82px;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:3696px;left:5122.33px;white-space:nowrap">positive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:5723.6px;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:3696px;left:6236.24px;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:3696px;left:6422.95px;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:3696px;left:7131.1px;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:3696px;left:7530.94px;white-space:nowrap">movements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:8408.21px;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:3696px;left:8722.45px;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:3696px;left:9063.4px;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:3696px;left:9495.72px;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:3696px;left:9667.56px;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:3696px;left:9943.07px;white-space:nowrap">losses.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4032.96px;left:0px;white-space:nowrap">Illiquid
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4032.96px;left:493.59px;letter-spacing:-0.59px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4032.96px;left:1342.66px;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:4032px;left:1727.73px;white-space:nowrap">Illiquid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4032px;left:2252.52px;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:4032px;left:3147.23px;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:4032px;left:3413.95px;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:4032px;left:4308.66px;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:4032px;left:4631.38px;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:4032px;left:4898.1px;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:4032px;left:5179.53px;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:4032px;left:5697.92px;white-space:nowrap">marketable.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4032px;left:6586.71px;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:4032px;left:7058.07px;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:4032px;left:7952.78px;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:4032px;left:8293.74px;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:4032px;left:8856.77px;letter-spacing:-0.26px;white-space:nowrap">restricted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4032px;left:9570.2px;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:4224px;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:4224px;left:699.19px;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:4224px;left:1054.87px;white-space:nowrap">144
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4224px;left:1366.23px;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:4224px;left:1520.47px;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:4224px;left:2272.78px;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:4224px;left:2726.21px;white-space:nowrap">cannot
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4224px;left:3256.77px;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:4224px;left:3487.96px;letter-spacing:-0.41px;white-space:nowrap">resold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4224px;left:3970.84px;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:4224px;left:4163.31px;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:4224px;left:4438.83px;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:4224px;left:4921.7px;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:4224px;left:5499.13px;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:4224px;left:5715.61px;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:4224px;left:6364.57px;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:4224px;left:7217.19px;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:4224px;left:7975.42px;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:4224px;left:8437.66px;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:4224px;left:8713.17px;white-space:nowrap">1933
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4224px;left:9113.49px;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:4224px;left:9442.45px;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:4224px;left:9634.92px;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:4224px;left:9765.16px;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:4224px;left:10117.8px;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:4416px;left:0px;letter-spacing:-0.44px;white-space:nowrap">unregistered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:944.95px;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:4416px;left:1285.91px;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:4416px;left:1517.11px;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:4416px;left:1860.78px;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:4416px;left:2204.62px;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:4416px;left:2376.46px;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:4416px;left:2503.97px;white-space:nowrap">privately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:3155.48px;white-space:nowrap">negotiated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:3984.91px;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:4416px;left:4811.3px;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:4416px;left:5003.77px;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:4416px;left:5670.33px;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:4416px;left:5862.8px;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:4416px;left:6079.28px;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:4416px;left:6751.91px;white-space:nowrap">exemption
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:7560.86px;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:4416px;left:7934.14px;letter-spacing:-0.21px;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:4416px;left:8831.24px;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:4416px;left:9145.48px;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:4416px;left:9554.6px;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:4416px;left:9895.56px;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:4416px;left:10176.99px;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:4608px;left:0px;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:4608px;left:352.64px;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:4608px;left:545.11px;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:4608px;left:1063.51px;white-space:nowrap">dispose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:1662.06px;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:4608px;left:1848.77px;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:4608px;left:2216.45px;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:4608px;left:3111.16px;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:4608px;left:3291.8px;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:4608px;left:3759.79px;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:4608px;left:4082.51px;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:4608px;left:5027.61px;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:4608px;left:5466.17px;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:4608px;left:5646.81px;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:4608px;left:6100.24px;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:4608px;left:6375.76px;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:4608px;left:6784.88px;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:4608px;left:7226.47px;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:4608px;left:7504.87px;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:4608px;left:7872.55px;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:4608px;left:8148.06px;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:4608px;left:9042.77px;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:4608px;left:9173.01px;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:4608px;left:9525.65px;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:4608px;left:9913.8px;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:4800px;left:0px;white-space:nowrap">widely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:500.63px;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:4800px;left:1018.86px;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:4800px;left:1377.58px;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:4800px;left:1573.26px;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:4800px;left:1700.78px;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:4800px;left:2133.1px;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:4800px;left:2319.81px;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:2687.49px;letter-spacing:-1.13px;white-space:nowrap">illiquidity,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:3406.84px;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:4800px;left:3682.35px;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:4800px;left:4091.47px;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:4800px;left:4432.43px;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:4800px;left:4814.99px;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:4800px;left:5007.46px;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:4800px;left:5285.86px;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:4800px;left:5709.37px;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:4800px;left:6604.08px;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:4800px;left:6796.56px;white-space:nowrap">engage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:7386.47px;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:4800px;left:7558.31px;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:4800px;left:8334.3px;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:4800px;left:9228.85px;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:4800px;left:9359.08px;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:4800px;left:10097.16px;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:4800px;left:10289.63px;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:4992px;left:0px;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:4992px;left:361.76px;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:4992px;left:554.23px;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:4992px;left:966.07px;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:4992px;left:1170.22px;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:4992px;left:2052.93px;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:4992px;left:2630.36px;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:4992px;left:3243.15px;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:4992px;left:3536.75px;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:4992px;left:3865.7px;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:4992px;left:4304.26px;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:4992px;left:4579.78px;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:4992px;left:5115.93px;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:4992px;left:5515.76px;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:4992px;left:5702.48px;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:4992px;left:6641.67px;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:4992px;left:7231.26px;white-space:nowrap">adversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:7948.37px;letter-spacing:-0.29px;white-space:nowrap">affecting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:8612.05px;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:4992px;left:8887.56px;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:4992px;left:9388.68px;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:4992px;left:9757.16px;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:4992px;left:10071.4px;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:5184px;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:5184px;left:192.48px;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:5184px;left:622.39px;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:5184px;left:1291.98px;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:5184px;left:2260.13px;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:5184px;left:2574.37px;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:5184px;left:3202.68px;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:5184px;left:3806.99px;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:3978.83px;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:5184px;left:4562.5px;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:5184px;left:4945.06px;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:5184px;left:5116.9px;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:5184px;left:5608.74px;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:5184px;left:6023.61px;white-space:nowrap">experienced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:6954.16px;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:7537.67px;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:5184px;left:7724.39px;letter-spacing:-0.36px;white-space:nowrap">extreme
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:8352.54px;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:5184px;left:9126.14px;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:5184px;left:9662.29px;white-space:nowrap">supply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:10174.92px;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:5376px;left:0px;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:5376px;left:637.28px;white-space:nowrap">imbalance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:1458.23px;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:5376px;left:2115.66px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:2287.5px;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:5376px;left:2415.02px;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:5376px;left:2729.09px;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:5376px;left:2915.81px;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:5376px;left:3528.6px;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:5376px;left:4038.03px;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:5376px;left:4491.46px;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:5376px;left:5027.62px;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:5376px;left:5495.61px;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:5376px;left:5883.77px;white-space:nowrap">suddenly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:6574.32px;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:5376px;left:6888.56px;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:5376px;left:7809.67px;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:5376px;left:8289.66px;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:5376px;left:9056.36px;letter-spacing:-0.32px;white-space:nowrap">measures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:9773.64px;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:5376px;left:9960.35px;white-space:nowrap">intrinsic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:0px;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:5568px;left:465.44px;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:995.67px;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:5568px;left:1363.35px;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:1991.34px;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:5568px;left:2424.14px;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:5568px;left:3318.85px;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:5568px;left:3760.44px;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:5568px;left:3991.64px;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:5568px;left:4335.31px;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:5568px;left:4679.15px;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:5568px;left:4859.79px;white-space:nowrap">arbitrary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:5496.09px;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:5568px;left:5964.08px;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:5568px;left:6278.32px;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:5568px;left:6618.8px;white-space:nowrap">substantial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:7424.38px;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:5568px;left:7940.06px;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:5568px;left:8517.65px;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:5568px;left:8704.37px;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:5568px;left:9072.04px;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:9608.2px;white-space:nowrap">dislocation
</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">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:340.96px;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:5760px;left:776.63px;white-space:nowrap">again
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:1212.31px;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:5760px;left:1392.94px;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:5760px;left:1686.54px;white-space:nowrap">time.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6096.96px;left:0px;letter-spacing:-0.11px;white-space:nowrap">Income
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6096.96px;left:527.58px;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:6096px;left:876.48px;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:6096px;left:1190.72px;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:6096px;left:1691.84px;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:6096px;left:2260.95px;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:6096px;left:2702.55px;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:6096px;left:3265.58px;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:6096px;left:3585.74px;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:6096px;left:3778.22px;white-space:nowrap">falling
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6096px;left:4255.01px;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:6096px;left:4791.16px;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:6096px;left:5365.55px;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:6096px;left:5800.91px;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:6096px;left:6132.74px;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:6096px;left:6283.78px;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:6096px;left:6965.7px;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:6096px;left:7137.54px;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:6096px;left:7265.06px;white-space:nowrap">falling
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6096px;left:7741.85px;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:6096px;left:8316.24px;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:6096px;left:8638.96px;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:6096px;left:9622.79px;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:6096px;left:9898.3px;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:6288px;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:6288px;left:699.19px;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:6288px;left:974.38px;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:6288px;left:1356.94px;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:6288px;left:1549.42px;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:6288px;left:2008.61px;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:6288px;left:2284.13px;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:6288px;left:2992.44px;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:6288px;left:3365.72px;white-space:nowrap">maturing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:4049.87px;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:4707.13px;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:6288px;left:5414.96px;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:6288px;left:5586.8px;letter-spacing:-0.59px;white-space:nowrap">lower-yielding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:6632.38px;white-space:nowrap">securities.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6624.96px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.23px;white-space:nowrap">Inflation
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6624.96px;left:595.55px;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:6624px;left:980.63px;text-rendering:optimizeLegibility;white-space:nowrap">Inflation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6624px;left:1600.62px;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:6624px;left:1881.89px;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:6624px;left:2032.93px;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:6624px;left:2308.44px;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:6624px;left:2589.72px;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:6624px;left:2912.43px;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:6624px;left:3187.95px;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:6624px;left:3608.91px;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:6624px;left:3795.63px;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:6624px;left:4269.7px;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:6624px;left:4462.18px;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:6624px;left:5031.29px;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:6624px;left:5404.56px;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:6624px;left:6299.27px;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:6624px;left:6574.47px;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:6624px;left:6805.66px;white-space:nowrap">worth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6624px;left:7255.73px;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:6624px;left:7563.89px;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:6624px;left:7735.73px;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:6624px;left:8011.25px;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:6624px;left:8473.32px;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:6624px;left:8669px;text-rendering:optimizeLegibility;white-space:nowrap">inflation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6624px;left:9285.15px;letter-spacing:-0.29px;white-space:nowrap">decreases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6624px;left:10040.99px;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:6816px;left:0px;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:6816px;left:420.96px;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:6816px;left:607.67px;letter-spacing:-2.1px;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:6816px;left:1168.15px;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:6816px;left:1390.55px;text-rendering:optimizeLegibility;white-space:nowrap">inflation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6816px;left:2006.7px;letter-spacing:-0.26px;white-space:nowrap">increases,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6816px;left:2747.65px;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:6816px;left:3023.17px;letter-spacing:-0.58px;white-space:nowrap">real
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6816px;left:3328.29px;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:6816px;left:3749.24px;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:6816px;left:3935.96px;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:6816px;left:4211.48px;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:6816px;left:4884.43px;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:6816px;left:5376.43px;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:6816px;left:5690.66px;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:6816px;left:6614.33px;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:6816px;left:6907.92px;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:6816px;left:7515.44px;letter-spacing:-1.6px;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:6816px;left:8241.19px;text-rendering:optimizeLegibility;white-space:nowrap">inflation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6816px;left:8857.34px;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:6816px;left:9248.22px;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:6816px;left:9514.93px;white-space:nowrap">elevated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7008px;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:7008px;left:562.71px;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:7008px;left:755.19px;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:7008px;left:1297.26px;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:7008px;left:1833.41px;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:7008px;left:2618.52px;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:7008px;left:2932.76px;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:7008px;left:3374.35px;white-space:nowrap">continue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7008px;left:4038.18px;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:7008px;left:4230.66px;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:bold;position:absolute;top:7344.96px;left:0px;letter-spacing:-0.35px;white-space:nowrap">Insurance
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7344.96px;left:680.08px;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:7344px;left:1081.77px;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:7344px;left:1396.01px;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:7344px;left:1805.13px;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:7344px;left:2146.09px;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:7344px;left:2833.76px;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:7344px;left:3565.59px;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:7344px;left:4273.42px;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:7344px;left:4596.14px;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:7344px;left:4862.86px;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:7344px;left:5467.49px;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:7344px;left:5686.85px;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:7344px;left:6451.48px;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:7344px;left:6842.84px;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:7344px;left:7292.92px;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:7344px;left:8181.87px;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:7344px;left:8374.34px;letter-spacing:-0.41px;white-space:nowrap">escrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7344px;left:8913.7px;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:7344px;left:9634.01px;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:7344px;left:9948.25px;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:7536px;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:7536px;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:7536px;left:707.99px;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:7536px;left:983.51px;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:7536px;left:1801.58px;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:7536px;left:2124.29px;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:7536px;left:2713.88px;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:7536px;left:3081.56px;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:7536px;left:3531.64px;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:7536px;left:4616.59px;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:7536px;left:4891.78px;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:7536px;left:5330.34px;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:7536px;left:5605.85px;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:7536px;left:6026.81px;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:7536px;left:6213.53px;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:7536px;left:6652.08px;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:7536px;left:7404.39px;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:7536px;left:7967.1px;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:7536px;left:8731.41px;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:7536px;left:9442.28px;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:7536px;left:9629px;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:7536px;left:10349.15px;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:7728px;left:0px;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:7728px;left:731.83px;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:7728px;left:1439.66px;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:7728px;left:1822.22px;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:7728px;left:2450.21px;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:7728px;left:3214.52px;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:7728px;left:3685.72px;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:7728px;left:3881.39px;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:7728px;left:4008.91px;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:7728px;left:4441.23px;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:7728px;left:4627.94px;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:7728px;left:5327.46px;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:7728px;left:5519.93px;white-space:nowrap">sub-prime
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:6287.12px;white-space:nowrap">mortgages
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:7104.71px;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:7728px;left:7418.95px;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:7728px;left:7842.46px;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:7728px;left:8277.81px;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:7728px;left:8727.89px;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:7728px;left:9249.16px;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:7728px;left:10188.35px;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:7920px;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:7920px;left:127.52px;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:7920px;left:604.31px;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:7920px;left:971.99px;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:7920px;left:1443.19px;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:7920px;left:2077.42px;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:7920px;left:2352.94px;letter-spacing:-0.29px;white-space:nowrap">insurers&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:2983.97px;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:7920px;left:3499.32px;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:7920px;left:3813.56px;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:7920px;left:4281.72px;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:7920px;left:4601.55px;white-space:nowrap">question
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:5265.22px;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:7920px;left:5632.26px;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:7920px;left:6393.85px;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:7920px;left:6864.56px;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:7920px;left:7057.03px;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:7920px;left:7675.9px;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:7920px;left:8042.93px;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:7920px;left:8881.16px;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:7920px;left:9343.4px;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:7920px;left:9711.07px;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:8112px;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:8112px;left:130.24px;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:8112px;left:482.87px;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:8112px;left:749.59px;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:8112px;left:1217.75px;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:8112px;left:1632.78px;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:8112px;left:1825.26px;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:8112px;left:2062.38px;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:8112px;left:2269.89px;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:8112px;left:2441.73px;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:8112px;left:2717.25px;letter-spacing:-0.36px;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:8112px;left:3223.8px;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:8112px;left:3674.04px;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:8112px;left:3890.52px;letter-spacing:-0.36px;white-space:nowrap">insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8112px;left:4456.43px;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:8112px;left:5188.26px;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:8112px;left:5777.7px;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:8112px;left:6052.89px;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:8112px;left:6677.84px;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:8112px;left:6909.04px;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:8112px;left:7552.23px;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:8112px;left:7744.71px;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:8112px;left:8127.27px;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:8112px;left:8402.78px;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:8112px;left:8861.66px;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:8112px;left:9048.37px;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:8112px;left:9252.53px;letter-spacing:-1.96px;white-space:nowrap">insurer,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8112px;left:9803.56px;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:8112px;left:9933.8px;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:8304px;left:0px;letter-spacing:-0.36px;white-space:nowrap">insurer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8304px;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:8304px;left:707.99px;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:8304px;left:835.51px;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:8304px;left:1567.34px;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:8304px;left:2156.77px;letter-spacing:-0.36px;white-space:nowrap">suffers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8304px;left:2660.45px;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:8304px;left:2787.97px;white-space:nowrap">downgrade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8304px;left:3650.2px;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:8304px;left:3822.03px;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:8304px;left:4026.19px;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:8304px;left:4476.26px;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:8304px;left:4935.13px;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:8304px;left:5127.61px;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:8304px;left:5403.13px;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:8304px;left:5939.28px;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:8304px;left:6659.27px;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:8304px;left:6934.79px;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:8304px;left:7355.74px;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:8304px;left:7542.46px;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:8304px;left:7817.98px;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:8304px;left:8538.13px;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:8304px;left:9225.48px;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:8304px;left:9444.84px;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:8304px;left:9720.36px;letter-spacing:-1.96px;white-space:nowrap">insurer,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8496px;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:8496px;left:275.52px;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:8496px;left:696.47px;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:8496px;left:883.19px;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:8496px;left:1158.71px;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:8496px;left:1890.54px;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:8496px;left:2479.97px;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:8496px;left:2959.96px;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:8496px;left:3374.84px;letter-spacing:-1.64px;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:8496px;left:3932.11px;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:8496px;left:4062.35px;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:8496px;left:4343.78px;letter-spacing:-1.76px;white-space:nowrap">entirely,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8496px;left:4942.18px;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:8496px;left:5430.97px;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:8496px;left:5798.65px;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:8496px;left:6302px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8496px;left:6477.68px;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:8496px;left:6845.36px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8496px;left:6972.88px;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:8496px;left:7379.12px;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:8496px;left:7654.63px;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:8496px;left:8075.59px;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:8496px;left:8262.31px;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:8496px;left:8982.46px;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:8496px;left:9779.57px;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:8496px;left:10120.04px;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:8688px;left:0px;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:8688px;left:731.83px;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:8688px;left:1321.26px;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:8688px;left:1662.22px;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:8688px;left:1943.65px;white-space:nowrap">add
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8688px;left:2266.69px;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:8688px;left:2560.29px;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:8688px;left:3025.73px;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:8688px;left:3339.97px;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:8688px;left:4060.12px;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:8688px;left:4605.23px;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:8688px;left:4791.95px;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:8688px;left:4919.47px;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:8688px;left:5651.3px;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:8688px;left:6240.73px;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:8688px;left:6634.97px;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:8688px;left:6916.4px;white-space:nowrap">guarantee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8688px;left:7686.8px;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:8688px;left:7962.31px;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:8688px;left:8219.91px;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:8688px;left:8889.66px;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:8688px;left:9076.38px;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:8688px;left:9733.81px;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:8688px;left:10048.05px;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:8880px;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:8880px;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:8880px;left:882.87px;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:8880px;left:1140.47px;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:8880px;left:1327.18px;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:8880px;left:1543.66px;letter-spacing:-0.36px;white-space:nowrap">insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8880px;left:2109.58px;white-space:nowrap">obligation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8880px;left:2924.12px;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:8880px;left:3199.64px;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:8880px;left:3735.79px;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:8880px;left:4156.75px;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:8880px;left:4343.47px;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:8880px;left:4618.98px;letter-spacing:-0.36px;white-space:nowrap">insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8880px;left:5184.9px;white-space:nowrap">obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8880px;left:5954.97px;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:8880px;left:6147.44px;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:8880px;left:6422.96px;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:8880px;left:6791.44px;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:8880px;left:6978.15px;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:8880px;left:7253.67px;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:8880px;left:7926.62px;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:8880px;left:8418.62px;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:8880px;left:9325.17px;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:8880px;left:9544.53px;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:8880px;left:9912.21px;letter-spacing:-0.36px;white-space:nowrap">insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9072px;left:0px;white-space:nowrap">obligation.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9408.96px;left:0px;letter-spacing:-0.78px;white-space:nowrap">Interest
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9408.96px;left:550.39px;letter-spacing:-0.69px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9408.96px;left:888.2px;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:9408px;left:1273.28px;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:9408px;left:1851.51px;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:9408px;left:2174.23px;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:9408px;left:2455.5px;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:9408px;left:2606.54px;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:9408px;left:2882.06px;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:9408px;left:3163.33px;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:9408px;left:3486.05px;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:9408px;left:4217.88px;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:9408px;left:4925.71px;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:9408px;left:5097.55px;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:9408px;left:5373.06px;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:9408px;left:5874.18px;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:9408px;left:6531.45px;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:9408px;left:6806.64px;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:9408px;left:7369.67px;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:9408px;left:7541.51px;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:9408px;left:7962.47px;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:9408px;left:8599.9px;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:9408px;left:8786.62px;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:9408px;left:9424.06px;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:9408px;left:9595.9px;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:9600px;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:9600px;left:574.39px;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:9600px;left:1009.75px;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:9600px;left:1765.42px;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:9600px;left:2192.3px;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:9600px;left:2728.45px;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:9600px;left:3302.84px;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:9600px;left:3693.72px;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:9600px;left:4031.31px;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:9600px;left:4306.83px;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:9600px;left:4842.98px;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:9600px;left:5263.94px;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:9600px;left:5450.65px;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:9600px;left:5818.33px;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:9600px;left:6526.16px;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:9600px;left:6801.35px;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:9600px;left:7097.51px;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:9600px;left:7411.75px;white-space:nowrap">vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:7737.82px;white-space:nowrap">versa.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:8197.18px;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:9600px;left:8419.58px;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:9600px;left:8993.97px;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:9600px;left:9384.84px;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:9792px;left:0px;white-space:nowrap">issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:518.39px;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:9792px;left:705.11px;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:9792px;left:1436.94px;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:9792px;left:2144.77px;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:9792px;left:2485.73px;letter-spacing:-0.41px;white-space:nowrap">prepay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:3025.08px;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:9792px;left:3682.51px;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:9792px;left:4170.98px;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:9792px;left:4529.54px;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:9792px;left:5353.54px;letter-spacing:-0.36px;white-space:nowrap">forcing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:5892.73px;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:9792px;left:6168.24px;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:9792px;left:6577.36px;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:9792px;left:6769.84px;letter-spacing:-0.32px;white-space:nowrap">reinvest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:7368.23px;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:9792px;left:7540.07px;letter-spacing:-0.59px;white-space:nowrap">lower-yielding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:8585.65px;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:9792px;left:9293.48px;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:9792px;left:9607.72px;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:9984px;left:0px;letter-spacing:-0.32px;white-space:nowrap">reducing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:672.63px;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:9984px;left:948.15px;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:9984px;left:1449.27px;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:9984px;left:2062.86px;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:9984px;left:2285.26px;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:9984px;left:2859.65px;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:9984px;left:3250.53px;letter-spacing:-0.29px;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:9984px;left:3923.32px;white-space:nowrap">slower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:4426.83px;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:9984px;left:4785.39px;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:9984px;left:5499.62px;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:9984px;left:6157.05px;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:9984px;left:6894.97px;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:9984px;left:7235.92px;white-space:nowrap">extend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:7775.28px;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:9984px;left:8050.8px;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:9984px;left:8667.27px;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:9984px;left:8924.87px;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:9984px;left:9111.58px;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:9984px;left:9843.41px;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:10176px;left:0px;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:10176px;left:796.63px;white-space:nowrap">locking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10176px;left:1353.74px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10176px;left:1525.58px;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:10176px;left:1653.1px;white-space:nowrap">below-market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10176px;left:2678.04px;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:10176px;left:3252.43px;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:10176px;left:3575.15px;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:10176px;left:3889.38px;letter-spacing:-0.32px;white-space:nowrap">reducing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10176px;left:4562.02px;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:10176px;left:4837.54px;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:10176px;left:5338.65px;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:10176px;left:5804.09px;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:10176px;left:5979.77px;white-space:nowrap">typical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10176px;left:6489.2px;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:10176px;left:7025.35px;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:10176px;left:7599.75px;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:10176px;left:7922.46px;letter-spacing:-0.21px;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:10176px;left:8974.45px;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:10176px;left:9249.97px;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:10176px;left:9717.96px;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:10176px;left:9904.68px;letter-spacing:-1.26px;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:10368px;left:0px;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:10368px;left:378.87px;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:10368px;left:1110.7px;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:10368px;left:1818.53px;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:10368px;left:2517.72px;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:10368px;left:3181.4px;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:10368px;left:3596.27px;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:10368px;left:3954.83px;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:10368px;left:4422.82px;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:10368px;left:4609.54px;letter-spacing:-0.46px;white-space:nowrap">shorter-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10368px;left:5533.2px;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:10368px;left:6265.03px;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:10368px;left:6972.86px;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:10368px;left:7168.54px;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:10368px;left:7742.93px;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:10368px;left:8133.81px;white-space:nowrap">change.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10704.96px;left:0px;letter-spacing:-0.71px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10704.96px;left:516.48px;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:160px;font-weight:bold;position:absolute;top:10704.96px;left:1084.3px;letter-spacing:-0.69px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10704.96px;left:1422.11px;text-rendering:optimizeLegibility;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10704.96px;left:2101.48px;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:10704px;left:2486.56px;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:10704px;left:2800.8px;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:10704px;left:3209.92px;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:10704px;left:3550.88px;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:10704px;left:4010.07px;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:10704px;left:4181.91px;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:10704px;left:4730.06px;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:10704px;left:5316.61px;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:10704px;left:5639.33px;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:10704px;left:6391.64px;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:10704px;left:6567.32px;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:10704px;left:7195.47px;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:10704px;left:7764.58px;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:10704px;left:7992.9px;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:10704px;left:8541.06px;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:10704px;left:9127.61px;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:10704px;left:9450.32px;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:10704px;left:10158.15px;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:10896px;left:0px;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:10896px;left:687.68px;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:10896px;left:1114.55px;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:10896px;left:1904.94px;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:10896px;left:2479.33px;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:10896px;left:2870.2px;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:10896px;left:3498.52px;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:10896px;left:3812.76px;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:10896px;left:4441.07px;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:10896px;left:4867.95px;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:10896px;left:5658.33px;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:10896px;left:6232.72px;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:10896px;left:6623.6px;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:10896px;left:7355.75px;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:10896px;left:8254.3px;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:10896px;left:8426.14px;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:10896px;left:8974.3px;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:10896px;left:9560.85px;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:10896px;left:9883.56px;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:11088px;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:11088px;left:340.96px;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:11088px;left:897.91px;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:11088px;left:1173.43px;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:11088px;left:1582.55px;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:11088px;left:1775.02px;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:11088px;left:2050.54px;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:11088px;left:2399.97px;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:11088px;left:2586.69px;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:11088px;left:3220.93px;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:11088px;left:3413.4px;white-space:nowrap">eliminated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11088px;left:4210.19px;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:11088px;left:4784.58px;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:11088px;left:5522.5px;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:11088px;left:5836.73px;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:11088px;left:6307.93px;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:11088px;left:6494.64px;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:11088px;left:7196.55px;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:11088px;left:7372.23px;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:11088px;left:8053.5px;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:11088px;left:8601.66px;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:11088px;left:9188.21px;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:11088px;left:9510.92px;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:11088px;left:10218.75px;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:11280px;left:0px;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:11280px;left:628.32px;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:11280px;left:820.79px;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:11280px;left:1508.47px;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:11280px;left:1680.31px;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:11280px;left:2101.26px;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:11280px;left:2281.9px;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:11280px;left:2409.42px;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:11280px;left:2969.09px;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:11280px;left:3291.81px;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:11280px;left:3650.36px;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:11280px;left:3925.88px;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:11280px;left:4728.75px;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:11280px;left:5303.14px;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:11280px;left:5670.34px;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:11280px;left:6123.77px;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:11280px;left:6888.24px;white-space:nowrap">leverages
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11280px;left:7617.2px;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:11280px;left:7892.71px;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:11280px;left:8393.83px;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:11280px;left:9264.86px;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:11280px;left:9487.26px;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:11280px;left:9614.78px;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:11280px;left:10091.57px;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:11472px;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:11472px;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:11472px;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:11472px;left:1143.83px;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:11472px;left:1511.5px;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:11472px;left:2219.33px;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:11472px;left:2918.53px;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:11472px;left:3193.72px;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:11472px;left:3424.92px;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:11472px;left:3839.79px;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:11472px;left:4396.58px;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:11472px;left:4755.14px;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:11472px;left:5077.85px;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:11472px;left:5264.57px;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:11472px;left:5658.81px;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:11472px;left:5981.52px;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:11808px;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:11808px;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:11808px;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:11808px;left:1064.31px;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:11808px;left:1523.51px;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:11808px;left:1695.35px;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:11808px;left:2243.5px;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:11808px;left:2830.05px;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:11808px;left:3152.77px;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:11808px;left:3860.6px;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:11808px;left:4355.47px;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:11808px;left:4574.83px;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:11808px;left:5111.14px;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:11808px;left:5745.21px;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:11808px;left:6174.33px;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:11808px;left:6497.04px;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:11808px;left:6879.6px;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:11808px;left:7534.47px;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:11808px;left:7726.95px;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:11808px;left:8002.47px;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:11808px;left:8456.06px;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:11808px;left:8631.74px;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:11808px;left:8999.42px;white-space:nowrap">instances,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11808px;left:9743.25px;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:11808px;left:10018.77px;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:12000px;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:12000px;left:340.96px;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:12000px;left:572.16px;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:12000px;left:752.79px;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:12000px;left:1034.07px;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:12000px;left:1220.78px;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:12000px;left:1534.86px;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:12000px;left:1857.57px;white-space:nowrap">exceeds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12000px;left:2489.09px;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:12000px;left:2693.24px;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:12000px;left:3519.79px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12000px;left:3691.63px;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:12000px;left:3967.15px;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:12000px;left:4515.31px;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:12000px;left:5101.86px;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:12000px;left:5424.57px;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:12336px;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:12336px;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:12336px;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:12336px;left:1064.31px;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:12336px;left:1295.51px;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:12336px;left:1941.27px;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:12336px;left:2133.74px;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:12336px;left:2412.14px;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:12336px;left:2616.29px;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:12336px;left:3164.45px;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:12336px;left:3751px;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:12336px;left:4073.71px;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:12336px;left:4781.54px;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:12336px;left:4962.18px;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:12336px;left:5270.34px;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:12336px;left:5628.89px;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:12336px;left:6337.04px;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:12336px;left:6849.52px;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:12336px;left:7041.99px;white-space:nowrap">liquidate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12336px;left:7711.26px;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:12336px;left:8134.78px;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:12336px;left:8543.89px;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:12336px;left:9201.16px;white-space:nowrap">holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12336px;left:9858.91px;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:12336px;left:10030.75px;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:12528px;left:0px;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:12528px;left:1084.63px;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:12528px;left:1828.3px;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:12528px;left:2112.62px;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:12528px;left:2394.05px;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:12528px;left:2929.88px;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:12528px;left:3166.84px;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:12528px;left:3442.36px;white-space:nowrap">following:</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">95</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11960 characters]);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:630px;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:764.08px;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:0px;left:1039.59px;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:0px;left:1448.71px;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:0px;left:1733.35px;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:0px;left:1860.87px;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:0px;left:2269.99px;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:0px;left:2509.82px;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:0px;left:2871.58px;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:0px;left:3185.82px;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:0px;left:3461.34px;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:0px;left:4169.17px;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:0px;left:4341.01px;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:0px;left:4468.53px;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:0px;left:5004.84px;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:0px;left:5638.91px;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:5999.86px;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:0px;left:6266.58px;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:0px;left:6548.02px;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:0px;left:7125.77px;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:0px;left:7682.4px;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:0px;left:8002.56px;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:0px;left:8195.03px;white-space:nowrap">adverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8796.63px;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:0px;left:9332.78px;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:336px;left:630px;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:336px;left:764.08px;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:336px;left:1300.39px;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:336px;left:1934.46px;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:336px;left:2295.42px;white-space:nowrap">sponsors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:336px;left:2973.96px;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:336px;left:3211.24px;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:336px;left:3338.76px;white-space:nowrap">collective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:336px;left:4055.71px;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:336px;left:4529.79px;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:336px;left:4722.26px;white-space:nowrap">individually)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:336px;left:5611.05px;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:336px;left:6443.84px;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:336px;left:7072.15px;letter-spacing:-0.32px;white-space:nowrap">hardship
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:336px;left:7729.91px;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:336px;left:8044.15px;white-space:nowrap">consequently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:336px;left:9039.98px;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:336px;left:9407.65px;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:336px;left:9600.13px;letter-spacing:0.29px;white-space:nowrap">terminate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:528px;left:630px;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:528px;left:997.03px;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:528px;left:1770.31px;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:528px;left:2667.89px;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:528px;left:3204.21px;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:528px;left:3838.28px;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:528px;left:4311.87px;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:864px;left:630px;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:864px;left:764.08px;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:864px;left:1039.59px;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:864px;left:1460.55px;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:864px;left:1647.27px;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:864px;left:1863.75px;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:864px;left:2666.62px;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:864px;left:3256.05px;white-space:nowrap">declines
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:864px;left:3887.24px;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:864px;left:4767.07px;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:864px;left:5081.31px;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:864px;left:5211.55px;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:864px;left:5969.77px;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:864px;left:6662.72px;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:864px;left:6947.36px;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:864px;left:7228.79px;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:864px;left:7637.91px;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:864px;left:8183.02px;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:864px;left:8402.38px;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:864px;left:8677.9px;white-space:nowrap">Fund.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1200.96px;left:0px;white-space:nowrap">Municipal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1200.96px;left:697.42px;text-rendering:optimizeLegibility;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1200.96px;left:1376.8px;letter-spacing:-0.78px;white-space:nowrap">Market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1200.96px;left:1896.02px;white-space:nowrap">Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1200.96px;left:2506.56px;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:1200px;left:2891.64px;white-space:nowrap">Inventories
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1200px;left:3718.99px;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:1200px;left:3905.71px;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:1200px;left:4637.54px;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:1200px;left:5345.37px;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:1200px;left:5703.92px;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:1200px;left:5923.28px;letter-spacing:-0.36px;white-space:nowrap">brokers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1200px;left:6497.99px;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:1200px;left:6812.23px;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:1200px;left:7375.1px;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:1200px;left:7757.66px;letter-spacing:-0.29px;white-space:nowrap">decreased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1200px;left:8543.1px;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:1200px;left:8714.94px;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:1200px;left:9206.77px;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:1200px;left:9666.13px;white-space:nowrap">lessening
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1392px;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:1392px;left:367.03px;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:1392px;left:837.74px;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:1392px;left:1030.22px;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:1392px;left:1460.14px;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:1392px;left:1587.66px;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:1392px;left:2123.81px;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:1392px;left:2295.65px;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:1392px;left:2728.28px;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:1392px;left:3480.59px;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:1392px;left:3812.43px;letter-spacing:-0.29px;white-space:nowrap">reduction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1392px;left:4535.3px;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:1392px;left:4707.14px;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:1392px;left:5243.29px;white-space:nowrap">making
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1392px;left:5809.37px;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:1392px;left:6440.56px;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:1392px;left:6725.2px;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:1392px;left:7000.71px;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:1392px;left:7681.82px;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:1392px;left:7874.3px;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:1392px;left:8561.97px;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:1392px;left:8837.49px;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:1392px;left:9338.61px;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:1392px;left:9809.32px;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:1392px;left:10001.79px;white-space:nowrap">buy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1392px;left:10310.11px;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:1584px;left:0px;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:1584px;left:278.4px;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:1584px;left:1010.23px;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:1584px;left:1718.06px;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:1584px;left:1898.69px;white-space:nowrap">attractive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1584px;left:2603.32px;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:1584px;left:3115.79px;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:1584px;left:3430.03px;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:1584px;left:4058.35px;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:1584px;left:4790.18px;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:1584px;left:5379.61px;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:1584px;left:5779.44px;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:1584px;left:6415.91px;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:1584px;left:6730.15px;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:1584px;left:7286.78px;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:1584px;left:7737.17px;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:1584px;left:8563.23px;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:1584px;left:9072.67px;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:1584px;left:9656.18px;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:1584px;left:9842.9px;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:1776px;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:1776px;left:192.48px;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:1776px;left:728.63px;letter-spacing:-0.36px;white-space:nowrap">stress.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1776px;left:1214.38px;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:1776px;left:1390.06px;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:1776px;left:2071.33px;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:1776px;left:2563.17px;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:1776px;left:3105.24px;white-space:nowrap">banking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1776px;left:3721.71px;letter-spacing:-0.24px;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:1776px;left:4557.06px;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:1776px;left:4898.02px;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:1776px;left:5348.74px;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:1776px;left:5875.93px;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:1776px;left:6438.8px;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:1776px;left:6631.28px;letter-spacing:-0.41px;white-space:nowrap">reduce
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1776px;left:7167.76px;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:1776px;left:7534.79px;white-space:nowrap">inventories
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1776px;left:8358.3px;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:1776px;left:8545.01px;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:1776px;left:9276.85px;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:1776px;left:10029.16px;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:1968px;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:1968px;left:340.96px;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:1968px;left:859.03px;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:1968px;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:1968px;left:1822.22px;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:1968px;left:2323.34px;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:1968px;left:2794.05px;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:1968px;left:2986.53px;white-space:nowrap">buy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1968px;left:3294.84px;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:1968px;left:3487.32px;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:1968px;left:3765.72px;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:1968px;left:4497.55px;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:1968px;left:5249.86px;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:1968px;left:5472.25px;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:1968px;left:5599.77px;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:1968px;left:6076.57px;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:1968px;left:6352.08px;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:1968px;left:6761.2px;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:1968px;left:7102.16px;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:1968px;left:7333.36px;letter-spacing:-0.41px;white-space:nowrap">forced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1968px;left:7834.15px;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:1968px;left:8026.63px;white-space:nowrap">accept
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1968px;left:8548.22px;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:1968px;left:8675.74px;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:1968px;left:9111.09px;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:1968px;left:9510.93px;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:1968px;left:9703.4px;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:1968px;left:9981.8px;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:2160px;left:0px;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:2160px;left:619.19px;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:2160px;left:811.67px;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:2160px;left:1090.06px;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:2160px;left:1513.58px;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:2160px;left:2221.41px;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:2160px;left:2413.88px;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:2160px;left:2790.04px;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:2160px;left:3196.27px;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:2160px;left:3388.75px;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:2160px;left:3581.23px;white-space:nowrap">give
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:3927.94px;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:2160px;left:4159.14px;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:2160px;left:4375.62px;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:2160px;left:5202.17px;letter-spacing:-1.13px;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:2160px;left:6114.48px;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:2160px;left:6408.07px;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:2160px;left:6594.79px;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:2160px;left:7048.23px;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:2160px;left:7489.82px;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:2160px;left:7872.38px;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:2160px;left:7999.9px;white-space:nowrap">negative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:8660.69px;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:2160px;left:9105.17px;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:2160px;left:9333.48px;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:2352px;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:2352px;left:134.08px;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:2352px;left:409.59px;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:2352px;left:818.71px;white-space:nowrap">needed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:1414.55px;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:2352px;left:1607.03px;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:2352px;left:1885.42px;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:2352px;left:2288.3px;white-space:nowrap">blocks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:2786.21px;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:2352px;left:2972.93px;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:2352px;left:3704.76px;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:2352px;left:4412.59px;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:2352px;left:4605.06px;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:2352px;left:4981.22px;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:2352px;left:5342.98px;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:2352px;left:5535.45px;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:2352px;left:5947.29px;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:2352px;left:6151.44px;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:2352px;left:7034.15px;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:2352px;left:7472.7px;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:2352px;left:7863.9px;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:2352px;left:8305.49px;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:2352px;left:8823.56px;letter-spacing:-0.41px;white-space:nowrap">reduce
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:9360.04px;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:2352px;left:9635.56px;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:0px;white-space:nowrap">securities&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:749.43px;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:2544px;left:1217.42px;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:2544px;left:1531.66px;white-space:nowrap">hurt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:1860.3px;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:bold;position:absolute;top:2880.96px;left:0px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2880.96px;left:697.42px;text-rendering:optimizeLegibility;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2880.96px;left:1376.8px;letter-spacing:-0.78px;white-space:nowrap">Market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2880.96px;left:1896.02px;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:2880px;left:2281.09px;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:2880px;left:2595.33px;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:2880px;left:3185.09px;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:2880px;left:3371.8px;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:2880px;left:3854.68px;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:2880px;left:4719.46px;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:2880px;left:5392.09px;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:2880px;left:5854.32px;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:2880px;left:6129.84px;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:2880px;left:6861.67px;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:2880px;left:7569.5px;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:2880px;left:7741.34px;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:2880px;left:8016.86px;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:2880px;left:8517.98px;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:2880px;left:9175.24px;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:2880px;left:9326.28px;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:2880px;left:10025.47px;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:3072px;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:3072px;left:358.56px;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:3072px;left:681.27px;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:3072px;left:921.11px;white-space:nowrap">corporate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:1661.57px;white-space:nowrap">equities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:2268.76px;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:3072px;left:2461.24px;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:3072px;left:2997.71px;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:3072px;left:3311.95px;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:3072px;left:3587.47px;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:3072px;left:4414.02px;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:3072px;left:5370.97px;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:3072px;left:5557.68px;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:3072px;left:5833.2px;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:3072px;left:6242.32px;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:3072px;left:6583.28px;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:3072px;left:7279.43px;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:3072px;left:7510.63px;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:3072px;left:7925.5px;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:3072px;left:8761.18px;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:3072px;left:8989.49px;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:3072px;left:9265.01px;white-space:nowrap">analytical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3072px;left:9970.12px;white-space:nowrap">abilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3264px;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:3264px;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:3264px;left:462.23px;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:3264px;left:1321.42px;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:3264px;left:1679.98px;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:3264px;left:1810.22px;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:3264px;left:2085.73px;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:3264px;left:2494.85px;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:3264px;left:2883.01px;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:3264px;left:3010.53px;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:3264px;left:3425.4px;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:3264px;left:3792.92px;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:3264px;left:3985.4px;white-space:nowrap">taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3264px;left:4551.31px;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:3264px;left:4975.14px;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:3264px;left:5387.14px;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:3264px;left:5701.38px;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:3264px;left:6474.97px;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:3264px;left:7011.12px;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:3264px;left:7250.96px;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:3264px;left:7982.79px;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:3264px;left:8735.1px;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:3264px;left:9561.16px;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:3456px;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:3456px;left:826.55px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:1291.67px;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:3456px;left:2023.5px;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:3456px;left:2775.81px;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:3456px;left:3104.76px;white-space:nowrap">tends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:3546.2px;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:3456px;left:3738.67px;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:3456px;left:3969.87px;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:3456px;left:4278.03px;white-space:nowrap">well-developed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:5427.61px;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:3456px;left:5620.09px;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:3456px;left:6064.24px;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:3456px;left:6422.8px;white-space:nowrap">many
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:6852.71px;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:3456px;left:7276.23px;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:3456px;left:7984.06px;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:3456px;left:8632.85px;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:3456px;left:9086.28px;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:3456px;left:9427.24px;white-space:nowrap">adversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3456px;left:10144.35px;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: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:275.52px;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:3648px;left:776.64px;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:3648px;left:1247.35px;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:3648px;left:1439.82px;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:3648px;left:1718.22px;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:3648px;left:1922.37px;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:3648px;left:2654.2px;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:3648px;left:3362.03px;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:3648px;left:3542.67px;white-space:nowrap">attractive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:4247.3px;white-space:nowrap">prices.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3984.96px;left:0px;white-space:nowrap">Other
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3984.96px;left:423.13px;letter-spacing:-0.64px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3984.96px;left:1208.36px;white-space:nowrap">Companies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3984.96px;left:1979.77px;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:3984px;left:2364.84px;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:3984px;left:2679.08px;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:3984px;left:3088.2px;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:3984px;left:3429.16px;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:3984px;left:3888.35px;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:3984px;left:4060.19px;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:3984px;left:4335.71px;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:3984px;left:5043.54px;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:3984px;left:5230.25px;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:3984px;left:5653.77px;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:3984px;left:6480.32px;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:3984px;left:7342.87px;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:3984px;left:8042.06px;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:3984px;left:8474.86px;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:3984px;left:9163.01px;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:3984px;left:9334.85px;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:3984px;left:9551.33px;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:4176px;left:0px;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:4176px;left:699.67px;white-space:nowrap">exposes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:1328.15px;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:4176px;left:1603.66px;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:4176px;left:2012.78px;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:4176px;left:2205.26px;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:4176px;left:2409.58px;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:4176px;left:2596.29px;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:2871.81px;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:4176px;left:3221.24px;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:4176px;left:3407.96px;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:4176px;left:3730.67px;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:4176px;left:4557.22px;letter-spacing:-1.78px;white-space:nowrap">company&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:5348.9px;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:4176px;left:6288.09px;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:4176px;left:6602.32px;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:4176px;left:7055.92px;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:4176px;left:7251.6px;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:4176px;left:7379.12px;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:4176px;left:7885.67px;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:4176px;left:8072.39px;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:4176px;left:8347.91px;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:4176px;left:9055.74px;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:4176px;left:9242.45px;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:4176px;left:9665.97px;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:4368px;left:0px;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:4368px;left:862.55px;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:4368px;left:1137.74px;white-space:nowrap">bear
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:1505.1px;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:4368px;left:1709.26px;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:4368px;left:1996.61px;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:4368px;left:2313.41px;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:4368px;left:2878.99px;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:4368px;left:3065.71px;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:4368px;left:3341.23px;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:4368px;left:3764.74px;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:4368px;left:4591.29px;white-space:nowrap">companies&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:5450.96px;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:4368px;left:6206.96px;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:4368px;left:6906.15px;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:4368px;left:7540.22px;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:4368px;left:7922.62px;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:4368px;left:8393.97px;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:4368px;left:9105.49px;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:4368px;left:9372.21px;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:4368px;left:9544.05px;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:4368px;left:10180.84px;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:4560px;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:4560px;left:275.52px;letter-spacing:-0.41px;white-space:nowrap">direct
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:725.59px;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:4560px;left:1437.11px;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:4560px;left:1623.82px;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:4560px;left:1899.34px;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:4560px;left:2400.46px;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:4560px;left:2744.29px;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:4560px;left:3594.52px;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:4560px;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:4560px;left:3944.44px;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:4560px;left:4421.23px;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:4560px;left:4696.75px;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:4560px;left:5034.5px;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:4560px;left:5221.22px;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:4560px;left:5905.53px;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:4560px;left:6077.37px;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:4560px;left:6903.92px;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:4560px;left:7603.59px;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:4560px;left:8095.59px;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:4560px;left:8436.55px;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:4560px;left:8999.9px;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:4560px;left:9275.42px;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:4560px;left:9681.34px;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:4560px;left:9868.05px;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:4752px;left:0px;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:4752px;left:565.59px;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:4752px;left:737.43px;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:4752px;left:941.58px;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:4752px;left:1744.46px;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:4752px;left:2683.65px;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:4752px;left:2859.32px;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:4752px;left:3540.59px;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:4752px;left:4248.42px;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:4752px;left:4435.14px;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:4752px;left:4858.65px;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:4752px;left:5685.2px;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:4752px;left:6503.27px;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:4752px;left:6844.23px;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:4752px;left:7075.43px;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:4752px;left:7878.46px;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:4752px;left:8100.86px;white-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:8228.38px;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:4752px;left:8705.17px;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:4752px;left:8980.69px;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:4752px;left:9389.81px;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:4752px;left:9730.77px;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:4752px;left:9961.97px;letter-spacing:-0.26px;white-space:nowrap">indirectly
</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">exposed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:658.07px;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:4944px;left:850.55px;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:4944px;left:1511.34px;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:4944px;left:2118.7px;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:4944px;left:2335.18px;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:4944px;left:3161.73px;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:4944px;left:3333.56px;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:4944px;left:3701.24px;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:4944px;left:4409.07px;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:4944px;left:4723.31px;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:4944px;left:5419.46px;white-space:nowrap">magnify
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:6032.9px;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:4944px;left:6308.41px;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:4944px;left:6809.53px;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:4944px;left:7470.32px;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:5280px;left:0px;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:5280px;left:379.83px;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:5280px;left:948.63px;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:5280px;left:1141.1px;letter-spacing:-2.54px;white-space:nowrap">ETF&#8217;s,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5280px;left:1597.74px;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:5280px;left:1814.22px;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:5280px;left:2134.37px;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:5280px;left:2457.09px;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:5280px;left:2608.13px;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:5280px;left:3088.28px;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:5280px;left:3316.6px;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:5280px;left:3444.12px;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:5280px;left:4022.03px;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:5280px;left:4457.71px;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:5280px;left:4798.66px;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:5280px;left:5080.1px;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:5280px;left:5311.3px;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:5280px;left:5663.94px;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:5280px;left:5856.41px;letter-spacing:-0.29px;white-space:nowrap">replicate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5280px;left:6516.88px;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:5280px;left:6831.12px;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:5280px;left:7485.83px;white-space:nowrap">exactly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5280px;left:8025.19px;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:5280px;left:8300.7px;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:5280px;left:9228.05px;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:5280px;left:9542.29px;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:5472px;left:0px;white-space:nowrap">weighting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:752.31px;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:5472px;left:939.03px;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:5472px;left:1646.86px;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:5472px;left:1818.69px;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:5472px;left:2094.21px;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:5472px;left:2574.37px;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:5472px;left:2888.61px;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:5472px;left:3309.56px;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:5472px;left:3496.28px;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:5472px;left:3712.76px;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:5472px;left:4032.92px;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:5472px;left:4513.07px;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:5472px;left:4741.39px;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:5472px;left:4868.91px;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:5472px;left:5446.82px;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:5472px;left:5882.5px;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:5472px;left:6033.54px;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:6590.49px;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:5472px;left:6782.96px;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:5472px;left:7352.24px;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:5472px;left:7547.92px;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:5472px;left:7823.44px;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:5472px;left:8312.55px;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:5472px;left:8499.27px;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:5472px;left:8703.43px;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:5472px;left:9476.7px;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:5664px;left:0px;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:5664px;left:474.07px;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:5664px;left:1137.75px;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:5664px;left:1887.5px;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:5664px;left:2079.97px;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:5664px;left:2616.13px;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:5664px;left:3282.35px;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:5664px;left:3670.67px;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:5664px;left:4295.62px;letter-spacing:-0.58px;white-space:nowrap">rely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:4594.81px;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:5664px;left:4823.13px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:4950.65px;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:5664px;left:5486.48px;white-space:nowrap">pool
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:5856.87px;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:5664px;left:6043.59px;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:5664px;left:6843.42px;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:5664px;left:7719.88px;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:5664px;left:7912.36px;letter-spacing:-0.41px;white-space:nowrap">create
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:8398.27px;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:5664px;left:8712.51px;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:5664px;left:9308.19px;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:5664px;left:9844.67px;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:5664px;left:10158.9px;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:5856px;left:0px;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:5856px;left:462.23px;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:5856px;left:1018.86px;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:5856px;left:1555.02px;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:5856px;left:1794.85px;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:5856px;left:2115.01px;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:5856px;left:2607px;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:5856px;left:2947.96px;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:5856px;left:3229.4px;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:5856px;left:3857.71px;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:5856px;left:4050.19px;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:5856px;left:4281.38px;white-space:nowrap">maintained.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:5167.29px;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:5856px;left:5481.53px;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:5856px;left:6017.69px;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:5856px;left:6438.64px;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:5856px;left:6625.36px;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:5856px;left:7117.36px;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:5856px;left:7304.07px;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:5856px;left:7692.39px;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:5856px;left:8006.63px;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:5856px;left:8845.34px;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:5856px;left:9281.01px;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:5856px;left:9621.97px;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:5856px;left:10036.52px;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:6048px;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:6048px;left:367.03px;letter-spacing:-7.16px;white-space:nowrap">NAV.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6384.96px;left:0px;letter-spacing:-0.22px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6384.96px;left:484.53px;letter-spacing:-0.16px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6384.96px;left:802.27px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6384.96px;left:1499.69px;text-rendering:optimizeLegibility;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6384.96px;left:2179.06px;letter-spacing:-0.78px;white-space:nowrap">Market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6384.96px;left:2698.28px;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:6384px;left:3155.7px;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:6384px;left:3369.14px;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:6384px;left:3644.66px;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:6384px;left:4139.37px;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:6384px;left:4462.09px;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:6384px;left:4737.6px;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:6384px;left:5146.72px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:5674.08px;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:6384px;left:5801.6px;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:6384px;left:6565.91px;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:6384px;left:7131.49px;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:6384px;left:7318.21px;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:6384px;left:7522.37px;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:6384px;left:7996.44px;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:6384px;left:8168.28px;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:6384px;left:8443.8px;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:6384px;left:9151.63px;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:6384px;left:9646.5px;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:6384px;left:9865.86px;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:6576px;left:0px;white-space:nowrap">Commonwealth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:1176.19px;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:6576px;left:1362.63px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:1877.7px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:2227.18px;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:6576px;left:2419.38px;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:6576px;left:2623.26px;white-space:nowrap">political
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:3226.97px;white-space:nowrap">subdivisions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:4180.76px;white-space:nowrap">agencies,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:4900.8px;letter-spacing:0px;white-space:nowrap">instrumentalities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:6156.02px;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:6576px;left:6348.22px;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:6576px;left:6830.82px;white-space:nowrap">corporations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:7772.45px;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:6576px;left:8646.24px;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:6576px;left:9256.03px;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:6576px;left:9445.37px;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:6576px;left:9640.77px;white-space:nowrap">&#8220;Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:10238.89px;white-space:nowrap">Rico&#8221;
</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">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;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:6768px;left:467.99px;white-space:nowrap">&#8220;Commonwealth&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:1896.62px;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:6768px;left:2032.61px;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:6768px;left:2307.81px;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:6768px;left:2539px;letter-spacing:-0.16px;white-space:nowrap">disproportionally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:3788.74px;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:6768px;left:4414.01px;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:6768px;left:4633.37px;white-space:nowrap">political,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:5281.84px;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:6768px;left:5726.31px;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:6768px;left:6040.55px;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:6768px;left:6781.66px;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:6768px;left:7566.77px;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:6768px;left:7881.01px;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:6768px;left:8944.83px;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:6768px;left:9116.67px;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:6768px;left:9392.19px;white-space:nowrap">Commonwealth.
</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">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;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:6960px;left:856.95px;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:6960px;left:1642.54px;white-space:nowrap">political
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:2246.53px;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:6960px;left:2439px;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:6960px;left:3209.07px;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:6960px;left:3846.51px;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:6960px;left:4018.34px;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:6960px;left:4341.06px;white-space:nowrap">territory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:4950.48px;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:6960px;left:5392.08px;white-space:nowrap">adversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:6109.19px;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:6960px;left:6547.74px;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:6960px;left:6823.26px;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:6960px;left:7244.22px;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:6960px;left:7430.94px;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:6960px;left:7706.45px;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:6960px;left:8207.57px;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:6960px;left:9034.12px;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:7296px;left:0px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7296px;left:515.35px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7296px;left:865.1px;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:7296px;left:1525.58px;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:7296px;left:1676.61px;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:7296px;left:2645.56px;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:7296px;left:3409.87px;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:7296px;left:3806.99px;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:7296px;left:4121.23px;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:7296px;left:4862.34px;white-space:nowrap">challenges,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7296px;left:5710.01px;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:7296px;left:6409.2px;white-space:nowrap">substantial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7296px;left:7214.79px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7296px;left:7596.87px;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:7296px;left:8133.18px;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:7296px;left:9015.88px;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:7296px;left:9374.44px;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:7296px;left:9818.92px;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:7488px;left:0px;white-space:nowrap">unemployment,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7488px;left:1167.67px;white-space:nowrap">underfunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7488px;left:2139.66px;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:7488px;left:2622.53px;letter-spacing:-0.52px;white-space:nowrap">retirement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7488px;left:3404.28px;white-space:nowrap">systems,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7488px;left:4053.24px;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:7488px;left:4367.48px;white-space:nowrap">persistent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7488px;left:5110.66px;letter-spacing:0.26px;white-space:nowrap">government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7488px;left:6026.17px;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:7488px;left:6594.97px;text-rendering:optimizeLegibility;white-space:nowrap">deficits.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7488px;left:7193.36px;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:7488px;left:7664.71px;white-space:nowrap">challenges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7488px;left:8467.91px;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:7488px;left:8808.86px;white-space:nowrap">negatively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7488px;left:9585.18px;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:7488px;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:7680px;left:0px;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:7680px;left:420.96px;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:7680px;left:607.67px;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:7680px;left:883.19px;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:7680px;left:1384.31px;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:7680px;left:2279.02px;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:7680px;left:2450.86px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7680px;left:2966.21px;white-space:nowrap">Rican
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7680px;left:3393.08px;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:7680px;left:4124.91px;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:7680px;left:4877.22px;white-space:nowrap">Several
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7680px;left:5440.26px;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:7680px;left:5890.49px;white-space:nowrap">ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7680px;left:6417.52px;white-space:nowrap">agencies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7680px;left:7093.36px;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:7680px;left:7475.92px;white-space:nowrap">downgraded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7680px;left:8435.9px;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:7680px;left:8711.42px;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:7680px;left:9295.1px;white-space:nowrap">obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7680px;left:10065.16px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7872px;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:7872px;left:186.72px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7872px;left:702.07px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7872px;left:1051.82px;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:7872px;left:1244.3px;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:7872px;left:1724.29px;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:7872px;left:2550.84px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7872px;left:3015.95px;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:7872px;left:3330.19px;white-space:nowrap">continue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7872px;left:3994.03px;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:7872px;left:4186.5px;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:7872px;left:4841.21px;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:7872px;left:4968.73px;white-space:nowrap">negative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7872px;left:5629.53px;white-space:nowrap">outlook
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7872px;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:7872px;left:6456.07px;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:7872px;left:6749.18px;white-space:nowrap">debt,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7872px;left:7175.74px;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:7872px;left:7629.17px;letter-spacing:-0.29px;white-space:nowrap">increases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7872px;left:8325.65px;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:7872px;left:8601.17px;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:7872px;left:9341.79px;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:7872px;left:9664.51px;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:7872px;left:9940.03px;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:8064px;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:8064px;left:275.19px;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:8064px;left:506.39px;letter-spacing:-0.36px;white-space:nowrap">lowered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8064px;left:1125.58px;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:8064px;left:1673.42px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8064px;left:2188.77px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8064px;left:2538.52px;letter-spacing:-0.32px;white-space:nowrap">recently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8064px;left:3145.87px;white-space:nowrap">defaulted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8064px;left:3874.67px;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:8064px;left:4102.98px;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:8064px;left:4307.14px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8064px;left:4689.21px;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:8064px;left:4908.57px;white-space:nowrap">failing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8064px;left:5385.36px;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:8064px;left:5577.84px;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:8064px;left:6007.76px;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:8064px;left:6265.35px;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:8064px;left:6935.1px;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:8064px;left:7255.26px;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:8064px;left:7483.58px;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:8064px;left:7687.74px;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:8064px;left:8585.32px;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:8064px;left:9121.8px;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:8064px;left:9436.04px;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:8064px;left:9850.75px;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:8064px;left:10144.35px;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:8256px;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:8256px;left:228.32px;white-space:nowrap">assurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8256px;left:972.31px;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:8256px;left:1295.03px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8256px;left:1810.38px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8256px;left:2160.13px;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:8256px;left:2435.32px;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:8256px;left:2666.52px;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:8256px;left:3019.16px;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:8256px;left:3211.64px;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:8256px;left:3691.47px;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:8256px;left:3895.62px;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:8256px;left:4357.7px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8256px;left:4739.77px;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:8256px;left:5622.48px;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:8256px;left:6182.15px;white-space:nowrap">downgrades
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8256px;left:7112.54px;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:8256px;left:7305.01px;white-space:nowrap">defaults
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8256px;left:7915.25px;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:8256px;left:8256.2px;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:8256px;left:8685.96px;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:8256px;left:9444.19px;white-space:nowrap">strain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8256px;left:9873.46px;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:8256px;left:10101.78px;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:8448px;left:0px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:515.35px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:865.1px;white-space:nowrap">economy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:1567.82px;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:8448px;left:1882.06px;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:8448px;left:2223.01px;white-space:nowrap">negatively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:2999.32px;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:8448px;left:3437.88px;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:8448px;left:3713.4px;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:8448px;left:4178.83px;letter-spacing:-1.34px;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:8448px;left:4821.38px;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:8448px;left:5135.62px;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:8448px;left:5772.08px;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:8448px;left:5958.8px;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:8448px;left:6234.32px;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:8448px;left:6735.44px;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:8448px;left:7630.15px;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:8448px;left:7801.98px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:8317.34px;white-space:nowrap">Rican
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:8744.21px;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:8448px;left:9476.04px;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:8640px;left:0px;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:8640px;left:930.22px;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:8640px;left:1680.14px;white-space:nowrap">issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:2198.53px;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:8640px;left:2581.09px;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:8640px;left:3182.53px;letter-spacing:-0.19px;white-space:nowrap">Title
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:3536.6px;white-space:nowrap">III
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:3707.8px;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:8640px;left:3894.51px;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:8640px;left:4170.03px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:4685.38px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:5035.14px;white-space:nowrap">Oversite,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:5725.37px;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:8640px;left:6721.36px;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:8640px;left:7035.6px;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:8640px;left:7782.63px;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:8640px;left:8395.42px;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:8640px;left:8679.89px;white-space:nowrap">(&#8220;PROMESA&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:9774.28px;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:8640px;left:10227.72px;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:8832px;left:0px;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:8832px;left:500.31px;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:8832px;left:692.79px;white-space:nowrap">bankruptcy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:1531.34px;letter-spacing:-0.24px;white-space:nowrap">protection,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:2357.72px;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:8832px;left:2965.08px;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:8832px;left:3418.51px;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:8832px;left:3694.03px;white-space:nowrap">Commonwealth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:4870.49px;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:8832px;left:5057.21px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:5572.56px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:5922.31px;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:8832px;left:6215.91px;letter-spacing:-0.48px;white-space:nowrap">restructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:7021.34px;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:8832px;left:7225.5px;white-space:nowrap">debt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:7652.05px;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:8832px;left:8360.36px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:8875.72px;letter-spacing:-2.54px;white-space:nowrap">Rico&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:9317.47px;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:8832px;left:9679.23px;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:8832px;left:9830.26px;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:8832px;left:10105.78px;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:9024px;left:0px;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:9024px;left:352.64px;letter-spacing:-0.48px;white-space:nowrap">heard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9024px;left:806.07px;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:9024px;left:1268.31px;white-space:nowrap">PROMESA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9024px;left:2068.94px;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:9024px;left:2383.18px;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:9024px;left:2797.9px;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:9024px;left:2948.94px;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:9024px;left:3177.25px;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:9024px;left:3772.6px;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:9024px;left:4134.36px;letter-spacing:-0.29px;white-space:nowrap">precedent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9024px;left:4910.68px;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:9024px;left:5103.15px;white-space:nowrap">guide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9024px;left:5559.47px;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:9024px;left:5834.99px;letter-spacing:-0.22px;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:9024px;left:6812.9px;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:9024px;left:7734.64px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9024px;left:8250px;letter-spacing:-2.54px;white-space:nowrap">Rico&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9024px;left:8691.75px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9024px;left:9073.82px;letter-spacing:-0.21px;white-space:nowrap">restructuring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9024px;left:10018.29px;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:9216px;left:0px;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:9216px;left:441.59px;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:9216px;left:788.31px;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:9216px;left:1668.14px;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:9216px;left:2174.69px;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:9216px;left:2533.25px;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:9216px;left:3299.95px;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:9216px;left:4031.78px;white-space:nowrap">bankruptcy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9216px;left:4870.33px;letter-spacing:-0.22px;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:9216px;left:5848.24px;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:9216px;left:6437.68px;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:9216px;left:6573.67px;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:9216px;left:6724.71px;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:9216px;left:7006.15px;white-space:nowrap">clear
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9216px;left:7391.26px;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:9216px;left:8013.33px;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:9216px;left:8140.85px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9216px;left:8522.93px;letter-spacing:-0.21px;white-space:nowrap">restructuring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9216px;left:9467.39px;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:9216px;left:10057.15px;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:9408px;left:0px;white-space:nowrap">ultimately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9408px;left:740.31px;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:9408px;left:971.51px;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:9408px;left:1703.5px;letter-spacing:-3.68px;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:9408px;left:1925.73px;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:9408px;left:2055.97px;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:9408px;left:2307.97px;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:9408px;left:2583.49px;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:9408px;left:3078.2px;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:9408px;left:3270.68px;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:9408px;left:3724.11px;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:9408px;left:3860.11px;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:9408px;left:4135.3px;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:9408px;left:4573.85px;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:9408px;left:4766.33px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9408px;left:5281.68px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9408px;left:5631.44px;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:9408px;left:6363.27px;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:9408px;left:7071.1px;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:9408px;left:7414.77px;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:9408px;left:7634.13px;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:9408px;left:7850.61px;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:9408px;left:8300.84px;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:9408px;left:8724.36px;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:9408px;left:9082.91px;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:9408px;left:9358.43px;letter-spacing:-1.34px;white-space:nowrap">territory.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9408px;left:10042.09px;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:9408px;left:10196.33px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:0px;letter-spacing:-0.21px;white-space:nowrap">restructuring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:944.47px;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:9600px;left:1386.06px;letter-spacing:-0.41px;white-space:nowrap">reduce
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:1922.54px;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:9600px;left:2198.05px;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:9600px;left:2855.48px;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:9600px;left:3445.24px;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:9600px;left:3809.88px;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:9600px;left:4085.39px;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:9600px;left:4659.79px;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:9600px;left:5026.98px;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:9600px;left:5302.5px;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:9600px;left:5959.93px;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:9600px;left:6274.17px;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:9600px;left:6697.68px;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:9600px;left:7144.71px;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:9600px;left:7331.43px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:7846.78px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9600px;left:8196.53px;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:9600px;left:8928.36px;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:9600px;left:9680.67px;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:9600px;left:10134.11px;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:9792px;left:0px;white-space:nowrap">adversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:717.11px;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:9792px;left:1155.67px;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:9792px;left:1431.18px;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:9792px;left:1852.14px;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:9792px;left:2038.86px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:2554.21px;white-space:nowrap">Rican
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:2981.08px;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:9792px;left:3712.92px;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:9792px;left:4465.22px;white-space:nowrap">Legislation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:5279.77px;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:9792px;left:5602.49px;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:9792px;left:6082.48px;white-space:nowrap">allow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:6497.19px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:7012.54px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:7362.3px;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:9792px;left:7554.77px;letter-spacing:-0.48px;white-space:nowrap">restructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:8360.2px;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:9792px;left:8564.36px;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:9792px;left:9296.19px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9792px;left:9678.26px;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:9984px;left:0px;white-space:nowrap">thus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:343.68px;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:9984px;left:1108.15px;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:9984px;left:1383.67px;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:9984px;left:1664.94px;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:9984px;left:1987.66px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:2503.01px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:2852.76px;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:9984px;left:3193.72px;white-space:nowrap">never
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:3635.31px;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:9984px;left:3937.71px;letter-spacing:-0.72px;white-space:nowrap">off
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:4168.91px;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:9984px;left:4900.74px;white-space:nowrap">indebtedness,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:5955.61px;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:9984px;left:6148.09px;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:9984px;left:6489.04px;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:9984px;left:6791.44px;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:9984px;left:7135.28px;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:9984px;left:7262.8px;white-space:nowrap">small
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9984px;left:7671.59px;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:9984px;left:8252.06px;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:9984px;left:8438.77px;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:9984px;left:8714.29px;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:9984px;left:9304.05px;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:9984px;left:9790.12px;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:9984px;left:10231.71px;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:10176px;left:0px;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:10176px;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:10176px;left:805.75px;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:10176px;left:1226.71px;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:10176px;left:1413.42px;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:10176px;left:1688.94px;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:10176px;left:2190.06px;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:10176px;left:3084.77px;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:10176px;left:3256.61px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10176px;left:3771.96px;white-space:nowrap">Rican
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10176px;left:4198.83px;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:10176px;left:4930.66px;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:10512px;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:10512px;left:471.36px;white-space:nowrap">challenges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10512px;left:1274.55px;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:10512px;left:1588.79px;white-space:nowrap">uncertainties
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10512px;left:2542.54px;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:10512px;left:2925.1px;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:10512px;left:3334.21px;white-space:nowrap">exacerbated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10512px;left:4267.64px;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:10512px;left:4487px;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:10512px;left:5111.79px;white-space:nowrap">hurricanes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10512px;left:5885.06px;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:10512px;left:6199.3px;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:10512px;left:6474.82px;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:10512px;left:7132.25px;white-space:nowrap">natural
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10512px;left:7665.36px;white-space:nowrap">disasters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10512px;left:8328.71px;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:10512px;left:8651.43px;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:10512px;left:9033.99px;white-space:nowrap">stuck
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10512px;left:9442.94px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10512px;left:9958.29px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:0px;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:10704px;left:406.08px;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:10704px;left:850.88px;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:10704px;left:1165.11px;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:10704px;left:1422.71px;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:10704px;left:1917.42px;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:10704px;left:2104.14px;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:10704px;left:2379.66px;white-space:nowrap">natural
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:2912.77px;white-space:nowrap">disasters&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:3617.72px;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:10704px;left:4147.95px;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:10704px;left:4376.27px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:4891.62px;letter-spacing:-2.54px;white-space:nowrap">Rico&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:5333.37px;white-space:nowrap">economy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:6036.09px;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:10704px;left:6350.32px;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:10704px;left:6901.36px;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:10704px;left:7727.91px;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:10704px;left:7899.75px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:8415.1px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10704px;left:8764.85px;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:10704px;left:8915.89px;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:10704px;left:9484.52px;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:10704px;left:9676.99px;white-space:nowrap">estimate.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11040.96px;left:0px;letter-spacing:-0.72px;white-space:nowrap">Reinvestment
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11040.96px;left:950.16px;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:11040px;left:1335.23px;white-space:nowrap">Reinvestment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:2345.62px;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:11040px;left:2626.9px;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:11040px;left:2777.93px;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:11040px;left:3053.45px;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:11040px;left:3334.73px;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:11040px;left:3657.44px;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:11040px;left:4226.56px;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:11040px;left:4599.83px;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:11040px;left:4875.35px;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:11040px;left:5376.46px;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:11040px;left:6033.73px;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:11040px;left:6308.92px;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:11040px;left:6871.96px;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:11040px;left:7002.19px;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:11040px;left:7316.43px;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:11040px;left:7743.31px;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:8018.83px;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:11040px;left:8427.94px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:8955.3px;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:11040px;left:9230.82px;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:11040px;left:9939.13px;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:11232px;left:0px;letter-spacing:-0.32px;white-space:nowrap">matured,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:687.35px;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:11232px;left:1205.59px;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:11232px;left:1398.06px;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:11232px;left:1866.22px;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:11232px;left:2598.05px;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:11232px;left:3305.88px;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:11232px;left:3486.51px;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:11232px;left:4022.67px;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:11232px;left:4597.06px;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:11232px;left:4987.93px;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:11232px;left:5310.65px;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:11232px;left:5577.37px;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:11232px;left:6057.36px;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:11232px;left:6332.88px;letter-spacing:-1.48px;white-space:nowrap">portfolio&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:7082.14px;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:11232px;left:7627.09px;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:11232px;left:8281.8px;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:11232px;left:8649px;white-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:8803.24px;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:11232px;left:9366.27px;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:11232px;left:9538.11px;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:11232px;left:10107.22px;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:11424px;left:0px;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:11424px;left:438.55px;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:11424px;left:714.07px;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:11424px;left:1387.02px;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:11424px;left:1920.62px;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:11424px;left:2456.77px;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:11424px;left:2901.09px;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:11424px;left:3269.57px;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:11424px;left:3791px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11424px;left:3918.52px;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:11424px;left:4591.47px;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:11424px;left:5569.38px;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:11424px;left:6087.77px;white-space:nowrap">returns.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11760.96px;left:0px;white-space:nowrap">Special
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11760.96px;left:502.73px;text-rendering:optimizeLegibility;letter-spacing:-0.33px;white-space:nowrap">Considerations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11760.96px;left:1525.23px;letter-spacing:-0.72px;white-space:nowrap">Related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11760.96px;left:2066.41px;letter-spacing:-0.52px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11760.96px;left:2242.5px;letter-spacing:-0.2px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11760.96px;left:2583.05px;letter-spacing:-2.58px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11760.96px;left:2909.14px;text-rendering:optimizeLegibility;letter-spacing:-0.46px;white-space:nowrap">Concentration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:11760.96px;left:3885.63px;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:11760px;left:4270.7px;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:11760px;left:4911.18px;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:11760px;left:5186.7px;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:11760px;left:5595.82px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11760px;left:6255.96px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11760px;left:6783.32px;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:11760px;left:6955.15px;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:11760px;left:7686.98px;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:11760px;left:8394.81px;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:11760px;left:8768.09px;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:11760px;left:8895.61px;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:11760px;left:9360.72px;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:11760px;left:9796.08px;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:11760px;left:10071.59px;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:11952px;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:11952px;left:186.72px;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:11952px;left:560.15px;letter-spacing:-2.45px;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:11952px;left:951.35px;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:11952px;left:1226.87px;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:11952px;left:1635.98px;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:11952px;left:1787.02px;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:11952px;left:2201.9px;white-space:nowrap">susceptible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11952px;left:3052.13px;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:11952px;left:3244.6px;white-space:nowrap">political,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11952px;left:3893.07px;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:11952px;left:4634.18px;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:11952px;left:4826.66px;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:11952px;left:5596.72px;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:11952px;left:6117.99px;letter-spacing:-0.29px;white-space:nowrap">affecting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11952px;left:6781.67px;white-space:nowrap">issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11952px;left:7300.06px;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:11952px;left:7486.77px;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:11952px;left:7860.21px;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:11952px;left:8206.93px;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:11952px;left:8938.76px;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:11952px;left:9691.07px;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:12144px;left:0px;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:12144px;left:737.59px;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:12144px;left:1013.11px;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:12144px;left:1641.42px;white-space:nowrap">condition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12144px;left:2358.37px;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:12144px;left:2545.09px;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:12144px;left:2820.61px;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:12144px;left:3232.28px;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:12144px;left:3419px;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:12144px;left:3792.43px;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:12144px;left:4139.15px;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:12144px;left:4290.19px;letter-spacing:-0.26px;white-space:nowrap">ordinarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12144px;left:4994.97px;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:12144px;left:5655.77px;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:12144px;left:5827.6px;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:12144px;left:6375.76px;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:12144px;left:6858.63px;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:12144px;left:7697.34px;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:12144px;left:8192.22px;letter-spacing:-1.96px;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:12144px;left:8811.57px;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:12144px;left:9179.25px;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:12144px;left:9374.93px;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:12144px;left:9650.45px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">official
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12336px;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:12336px;left:826.39px;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:12336px;left:1525.58px;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:12336px;left:1697.42px;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:12336px;left:2533.25px;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:12336px;left:2873.73px;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:12336px;left:3149.24px;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:12336px;left:3795.48px;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:12336px;left:3982.19px;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:12336px;left:4565.87px;white-space:nowrap">obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12336px;left:5335.94px;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:12336px;left:5827.93px;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:12336px;left:6014.65px;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:12336px;left:6290.16px;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:12336px;left:6701.84px;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:12336px;left:6888.55px;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:12336px;left:7261.99px;letter-spacing:-1.47px;white-space:nowrap">York. </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">96</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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Shareholder
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1871.68px;white-space:nowrap">Update
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:2984.16px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4235.41px;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;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:0px;left:930.22px;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:0px;left:1205.74px;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:0px;left:1617.42px;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:0px;left:1804.13px;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:0px;left:2177.57px;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:0px;left:2524.28px;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:2675.32px;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:0px;left:2802.84px;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:0px;left:3211.47px;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:0px;left:3403.95px;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:0px;left:4153.86px;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:0px;left:4544.9px;letter-spacing:-0.22px;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:0px;left:5522.81px;white-space:nowrap">many
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5952.73px;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:0px;left:6139.44px;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:6592.88px;letter-spacing:0.32px;white-space:nowrap">normally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7250.47px;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:0px;left:7686.14px;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:0px;left:7857.98px;letter-spacing:0.22px;white-space:nowrap">governmental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8894.92px;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:0px;left:9745.15px;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:192px;left:0px;letter-spacing:-0.17px;white-space:nowrap">creditworthiness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1208.3px;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:192px;left:1395.02px;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:2233.24px;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:192px;left:2728.12px;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:192px;left:2947.48px;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:192px;left:3323.79px;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:192px;left:3697.23px;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:192px;left:4043.94px;white-space:nowrap">issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4562.33px;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:192px;left:4903.29px;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:192px;left:5134.49px;letter-spacing:-0.29px;white-space:nowrap">unrelated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5857.36px;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:192px;left:6049.84px;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:192px;left:6325.36px;letter-spacing:-0.17px;white-space:nowrap">creditworthiness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7533.66px;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:192px;left:7720.37px;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:8558.6px;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:192px;left:9053.47px;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:192px;left:9272.83px;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:192px;left:9548.35px;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:192px;left:9960.02px;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:10146.74px;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:384px;left:0px;letter-spacing:-2.45px;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:384px;left:391.19px;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:384px;left:705.43px;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:384px;left:1028.15px;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:384px;left:1442.86px;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:384px;left:1593.9px;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:384px;left:1822.22px;white-space:nowrap">obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2592.29px;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:2820.6px;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:384px;left:3096.12px;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:384px;left:3427.63px;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:384px;left:3614.35px;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:384px;left:3889.87px;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:384px;left:4301.54px;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:384px;left:4488.26px;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:384px;left:4861.7px;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:384px;left:5208.41px;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:384px;left:5400.89px;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:384px;left:5830.8px;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:384px;left:6500.56px;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:384px;left:6728.87px;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:7096.55px;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:384px;left:7472.87px;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:384px;left:8311.09px;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:384px;left:8482.93px;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:384px;left:8758.45px;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:384px;left:9200.04px;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:384px;left:9386.76px;white-space:nowrap">default.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:720.96px;left:0px;white-space:nowrap">Special
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:720.96px;left:502.73px;letter-spacing:-0.22px;white-space:nowrap">Risks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:720.96px;left:871.41px;letter-spacing:-0.72px;white-space:nowrap">Related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:720.96px;left:1412.58px;letter-spacing:-0.52px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:720.96px;left:1588.67px;letter-spacing:-0.2px;white-space:nowrap">Certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:720.96px;left:2105px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:720.96px;left:2802.42px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;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:720px;left:3670.16px;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:720px;left:4408.07px;white-space:nowrap">leases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:4888.23px;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:720px;left:5202.46px;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:720px;left:6013.97px;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:720px;left:6200.69px;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:720px;left:7142.27px;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:720px;left:7690.58px;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:720px;left:8226.89px;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:720px;left:8576.33px;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:720px;left:8857.76px;letter-spacing:0.32px;white-space:nowrap">normally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:9515.35px;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:912px;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:912px;left:340.47px;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:912px;left:924.15px;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:912px;left:1762.37px;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:912px;left:1954.85px;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:912px;left:2571.49px;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:912px;left:3107.96px;white-space:nowrap">Leases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:3629.72px;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:912px;left:3943.96px;white-space:nowrap">installment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:4764.27px;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:912px;left:5451.94px;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:912px;left:5644.42px;white-space:nowrap">conditional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:6482.8px;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:912px;left:6805.84px;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:912px;left:7498.95px;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:912px;left:7993.98px;letter-spacing:0.32px;white-space:nowrap">normally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:8651.57px;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:912px;left:9241.16px;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:912px;left:9481px;white-space:nowrap">title
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:9797.47px;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:912px;left:9989.94px;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:1104px;left:0px;white-space:nowrap">leased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:509.76px;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:1104px;left:915.67px;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:1104px;left:1108.15px;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:1104px;left:1469.74px;white-space:nowrap">eventually
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:2237.26px;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:1104px;left:2429.73px;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:1104px;left:2705.25px;letter-spacing:0.22px;white-space:nowrap">governmental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:3742.19px;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:1104px;left:4234.03px;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:1104px;left:4616.59px;white-space:nowrap">evolved
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:5224.26px;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:1104px;left:5419.94px;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:1104px;left:5547.46px;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:1104px;left:6057.38px;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:1104px;left:6297.21px;letter-spacing:0.22px;white-space:nowrap">governmental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:7334.16px;white-space:nowrap">issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:7852.55px;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:1104px;left:8045.02px;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:1104px;left:8613.98px;letter-spacing:-0.32px;white-space:nowrap">property
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:9271.41px;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:9585.65px;white-space:nowrap">equipment
</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">without
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:577.43px;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:1296px;left:1214.38px;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:1296px;left:1489.9px;white-space:nowrap">constitutional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:2493.88px;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:1296px;left:2808.12px;white-space:nowrap">statutory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:3477.23px;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:1296px;left:4460.74px;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:4700.57px;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:1296px;left:4976.09px;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:1296px;left:5622.32px;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:1296px;left:5809.04px;white-space:nowrap">debt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:6235.6px;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:1296px;left:6549.83px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:6931.91px;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:1296px;left:7578.14px;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:1296px;left:8353.81px;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:1296px;left:8620.53px;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:1296px;left:9263.72px;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:1296px;left:9456.2px;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:1296px;left:9687.4px;white-space:nowrap">inapplicable
</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">because
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:637.44px;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:1488px;left:824.15px;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:1099.67px;white-space:nowrap">inclusion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:1766.38px;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:1488px;left:1938.22px;white-space:nowrap">many
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:2368.14px;white-space:nowrap">leases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:2848.29px;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:1488px;left:3040.77px;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:1488px;left:3733.88px;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:1488px;left:3920.59px;letter-spacing:-0.14px;white-space:nowrap">&#8220;non-appropriation&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:5428.57px;white-space:nowrap">clauses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:5985.85px;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:1488px;left:6308.56px;letter-spacing:-0.36px;white-space:nowrap">relieve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:6824.08px;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:1488px;left:7099.59px;letter-spacing:0.22px;white-space:nowrap">governmental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:8136.54px;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:1488px;left:8586.77px;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:1488px;left:8773.49px;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:1488px;left:9067.09px;white-space:nowrap">obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:9837.16px;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:1488px;left:10029.63px;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:1680px;left:0px;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:1680px;left:462.08px;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:1680px;left:1199.99px;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:1680px;left:1662.22px;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:1680px;left:1937.74px;white-space:nowrap">lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:2349.74px;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:1680px;left:2542.21px;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:1680px;left:3167.16px;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:1680px;left:3653.24px;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:1680px;left:4183.96px;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:4334.99px;letter-spacing:-0.22px;white-space:nowrap">appropriated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:5315.3px;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:1680px;left:5555.13px;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:1680px;left:5922.81px;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:1680px;left:6556.88px;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:6776.24px;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:1680px;left:7051.76px;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:1680px;left:7934.3px;white-space:nowrap">legislative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:8689.49px;letter-spacing:-2.45px;white-space:nowrap">body.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:9131.25px;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:1680px;left:9306.93px;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:1680px;left:9988.2px;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:1872px;left:0px;white-space:nowrap">leases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:480.16px;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:1872px;left:672.63px;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:1872px;left:1365.74px;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:1706.7px;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:1937.9px;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:1872px;left:2494.85px;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:1872px;left:2687.32px;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:1872px;left:2962.84px;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:1872px;left:3744.75px;white-space:nowrap">abatement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:4562.5px;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:1872px;left:4749.22px;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:1872px;left:5487.13px;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:1872px;left:5658.97px;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:1872px;left:5934.48px;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:1872px;left:6376.08px;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:1872px;left:6698.8px;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:1872px;left:6974.31px;letter-spacing:0.22px;white-space:nowrap">governmental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:8011.26px;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:1872px;left:8461.49px;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:1872px;left:8612.53px;letter-spacing:-0.29px;white-space:nowrap">prevented
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:9388.85px;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:1872px;left:9762.12px;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:2064px;left:0px;white-space:nowrap">occupancy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:806.55px;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:2064px;left:993.27px;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:2064px;left:1268.79px;white-space:nowrap">leased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:1778.54px;letter-spacing:-0.32px;white-space:nowrap">premises
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:2459.98px;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:2064px;left:2652.45px;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:2064px;left:3247.48px;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:2064px;left:3523px;white-space:nowrap">leased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:4032.75px;white-space:nowrap">equipment.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:4900.91px;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:2064px;left:5606.18px;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:2064px;left:5881.69px;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:2064px;left:6719.92px;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:2064px;left:7060.88px;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:2064px;left:7292.08px;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:2064px;left:7896.71px;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:2064px;left:8116.07px;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:2064px;left:8391.59px;white-space:nowrap">leased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:8901.34px;white-space:nowrap">equipment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:9725.01px;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:2064px;left:9917.49px;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:2256px;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:2256px;left:275.52px;white-space:nowrap">disposition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:1098.86px;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:2256px;left:1285.58px;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:2256px;left:1561.1px;letter-spacing:-0.32px;white-space:nowrap">property
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:2218.53px;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:2256px;left:2390.36px;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:2256px;left:2665.88px;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:2256px;left:3107.48px;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:2256px;left:3294.19px;letter-spacing:-0.16px;white-space:nowrap">non-appropriation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:4636.09px;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:2256px;left:4828.57px;letter-spacing:-0.48px;white-space:nowrap">foreclosure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:5661.2px;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:2256px;left:6120.23px;letter-spacing:-0.48px;white-space:nowrap">prove
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:6573.67px;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:2256px;left:7186.78px;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:2256px;left:7548.05px;white-space:nowrap">consuming
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:8372.04px;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:2256px;left:8686.28px;letter-spacing:-1.84px;white-space:nowrap">costly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:9169.31px;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:2256px;left:9483.55px;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:2256px;left:9824.51px;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:2256px;left:10256.82px;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:2256px;left:10428.66px;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:2448px;left:0px;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:2448px;left:429.76px;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:2448px;left:601.59px;letter-spacing:-0.26px;white-space:nowrap">recovering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:1401.58px;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:1594.06px;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:2448px;left:1869.58px;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:2448px;left:2349.41px;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:2448px;left:2541.89px;white-space:nowrap">fully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:2876.6px;letter-spacing:-0.36px;white-space:nowrap">recover
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:3451.47px;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:2448px;left:3726.99px;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:2448px;left:4228.11px;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:2448px;left:4805.54px;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:2448px;left:5676.57px;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:2448px;left:5852.25px;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:2448px;left:6127.77px;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:2448px;left:6569.36px;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:2448px;left:6756.08px;letter-spacing:-0.15px;white-space:nowrap">non-appropriation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:8142.46px;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:2448px;left:8417.98px;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:2448px;left:8868.21px;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:2448px;left:9348.2px;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:2448px;left:9579.4px;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:2448px;left:9751.24px;white-space:nowrap">default
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:10293.31px;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:2640px;left:0px;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:2640px;left:482.87px;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:2640px;left:1262.06px;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:2640px;left:1448.78px;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:2640px;left:1724.3px;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:2640px;left:2198.37px;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:2539.33px;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:2640px;left:2770.53px;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:2640px;left:2898.05px;letter-spacing:-0.41px;white-space:nowrap">remedy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:3481.88px;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:2640px;left:4154.51px;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:2640px;left:4346.99px;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:2640px;left:4622.51px;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:2640px;left:5076.11px;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:2640px;left:5754.66px;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:2640px;left:6030.18px;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:2640px;left:6439.29px;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:2640px;left:6833.53px;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:2640px;left:7114.97px;white-space:nowrap">anticipate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:7861.35px;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:8184.07px;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:8551.75px;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:2640px;left:8679.27px;letter-spacing:-0.41px;white-space:nowrap">remedy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:9263.1px;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:9743.1px;letter-spacing:0.32px;white-space:nowrap">normally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:10400.68px;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:2832px;left:0px;white-space:nowrap">pursued.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:0px;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:3168px;left:847.03px;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:3168px;left:1033.74px;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:3168px;left:1975.32px;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:3168px;left:2523.64px;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:3168px;left:2799.16px;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:3168px;left:3220.11px;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:3168px;left:3569.55px;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:3168px;left:3765.22px;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:3168px;left:4040.74px;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:4843.61px;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:3168px;left:5575.44px;white-space:nowrap">leases.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:6100.08px;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:3168px;left:6275.76px;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:3168px;left:6957.03px;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:3168px;left:7232.55px;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:3168px;left:7641.67px;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:3168px;left:7982.62px;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:3168px;left:8213.82px;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:3168px;left:9049.49px;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:3168px;left:9464.53px;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:3168px;left:9740.05px;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:3360px;left:0px;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:3360px;left:675.19px;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:3360px;left:1208.46px;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:3360px;left:1483.98px;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:3360px;left:2295.49px;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:3360px;left:2482.2px;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:3360px;left:3423.78px;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:3360px;left:3616.26px;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:3360px;left:4238.65px;letter-spacing:-0.32px;white-space:nowrap">remedies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:4940.89px;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:3360px;left:5281.36px;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:3360px;left:5850.16px;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:3360px;left:6042.63px;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:3360px;left:6318.15px;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:3360px;left:7121.02px;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:3360px;left:7873.33px;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:3360px;left:8720.36px;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:3360px;left:8907.07px;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:3360px;left:9848.65px;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:3360px;left:10177.61px;white-space:nowrap">entail
</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">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:127.52px;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:408.79px;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:3552px;left:595.51px;white-space:nowrap">default
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:1137.58px;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:3552px;left:1330.06px;letter-spacing:-1.23px;white-space:nowrap">bankruptcy,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:2198.37px;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:3552px;left:2577.56px;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:3552px;left:2764.28px;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:3552px;left:3039.8px;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:3552px;left:3490.03px;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:3552px;left:3676.75px;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:3952.27px;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:3552px;left:4684.1px;white-space:nowrap">lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:5096.09px;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:3552px;left:5410.33px;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:3552px;left:5739.29px;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:3552px;left:6014.8px;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:3552px;left:6746.64px;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:3552px;left:7304.07px;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:3552px;left:7837.35px;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:3552px;left:8112.86px;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:3552px;left:8856.21px;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:3552px;left:9042.93px;white-space:nowrap">participation.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3888.96px;left:0px;letter-spacing:-0.64px;white-space:nowrap">Swap
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3888.96px;left:392.66px;text-rendering:optimizeLegibility;letter-spacing:-0.9px;white-space:nowrap">Transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3888.96px;left:1257.19px;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:3888px;left:1642.27px;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:1956.5px;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:3888px;left:2365.62px;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:3888px;left:2706.58px;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:3888px;left:3124.17px;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:3888px;left:3444.01px;letter-spacing:-0.22px;white-space:nowrap">debt-related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:4379.84px;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:3888px;left:5120.31px;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:3888px;left:5991.01px;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:3888px;left:6358.69px;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:3888px;left:6554.37px;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:3888px;left:7004.44px;white-space:nowrap">default
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:7546.52px;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:3888px;left:7955.47px;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:3888px;left:8648.58px;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:3888px;left:8962.82px;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:3888px;left:9537.21px;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:3888px;left:9859.92px;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:4080px;left:0px;white-space:nowrap">Like
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:328.96px;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:4080px;left:725.91px;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:4080px;left:1466.38px;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:4080px;left:2381.57px;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:4080px;left:2657.08px;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:4080px;left:2947.64px;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:4080px;left:3134.36px;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:4080px;left:3611.47px;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:4080px;left:3762.51px;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:4080px;left:3890.03px;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:4080px;left:4364.11px;white-space:nowrap">specialized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:5193.7px;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:4080px;left:5735.61px;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:4080px;left:6058.32px;white-space:nowrap">involves
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:6674.79px;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:4080px;left:7501.34px;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:4080px;left:8325.18px;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:4080px;left:8639.41px;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:4080px;left:8988.85px;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:4080px;left:9631.56px;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:4080px;left:10004.83px;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:4272px;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:4272px;left:797.11px;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:4272px;left:1137.58px;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:4272px;left:1765.57px;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:4272px;left:2422.84px;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:4272px;left:3130.67px;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:4272px;left:4069.69px;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:4272px;left:4245.37px;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:4272px;left:4926.64px;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:4272px;left:5202.16px;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:4272px;left:5492.72px;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:4272px;left:5679.43px;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:4272px;left:6156.55px;letter-spacing:-0.64px;white-space:nowrap">requires
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:6772.7px;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:6989.18px;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:4272px;left:8067.57px;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:4272px;left:8286.93px;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:4272px;left:8562.45px;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:4272px;left:9113.48px;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:4272px;left:9634.91px;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:4272px;left:9910.43px;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:4464px;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:4464px;left:551.03px;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:4464px;left:737.75px;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:4464px;left:1019.18px;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:1363.02px;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:4464px;left:1638.54px;letter-spacing:-0.52px;white-space:nowrap">referenced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:2450.53px;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:4464px;left:2900.93px;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:4464px;left:3223.64px;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:4464px;left:3416.12px;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:4464px;left:3896.27px;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:4464px;left:4180.59px;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:4464px;left:4509.55px;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:4464px;left:4696.26px;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:4971.78px;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:4464px;left:5380.73px;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:4464px;left:5848.57px;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:4464px;left:5982.64px;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:4464px;left:6258.16px;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:4464px;left:7084.71px;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:4464px;left:7635.74px;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:4464px;left:8157.18px;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:4464px;left:8432.7px;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:4464px;left:9291.88px;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:4464px;left:9442.92px;letter-spacing:-0.29px;white-space:nowrap">incorrect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:10109.31px;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:4464px;left:10281.15px;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:4656px;left:0px;letter-spacing:-0.29px;white-space:nowrap">forecasts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:675.51px;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:4656px;left:862.23px;white-space:nowrap">default
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:1404.3px;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:4656px;left:1798.21px;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:4656px;left:2334.37px;letter-spacing:-0.36px;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:4656px;left:2932.92px;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:4656px;left:3125.4px;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:4656px;left:3548.91px;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:4656px;left:4334.02px;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:4656px;left:4855.29px;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:4656px;left:5047.76px;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:4656px;left:5602px;white-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:5877.52px;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:4656px;left:6704.07px;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:4656px;left:7661.01px;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:4656px;left:7847.73px;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:4656px;left:8123.25px;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:4656px;left:8532.37px;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:4656px;left:9012.36px;white-space:nowrap">diminish
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:9652.19px;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:4848px;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:4848px;left:340.47px;white-space:nowrap">what
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:725.59px;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:4848px;left:861.58px;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:4848px;left:1341.58px;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:4848px;left:1724.14px;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:4848px;left:2133.25px;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:4848px;left:2263.49px;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:4848px;left:2696.13px;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:4848px;left:3519.96px;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:4848px;left:3908.12px;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:4848px;left:4189.55px;white-space:nowrap">used.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5184.96px;left:0px;letter-spacing:-3.4px;white-space:nowrap">Tax
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5184.96px;left:254.3px;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:5184px;left:639.38px;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:5184px;left:953.61px;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:5184px;left:1374.57px;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:5184px;left:1561.29px;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:1836.8px;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:5184px;left:2337.92px;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:5184px;left:3232.63px;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:5184px;left:3546.87px;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:3751.03px;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:5184px;left:4119.5px;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:5184px;left:4460.46px;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:5184px;left:4691.66px;white-space:nowrap">adversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:5408.77px;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:5184px;left:6034.05px;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:5184px;left:6253.4px;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:5184px;left:6890.84px;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:5184px;left:7062.68px;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:5184px;left:7320.43px;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:5184px;left:7755.79px;white-space:nowrap">rules
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:8137.86px;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:5184px;left:8452.1px;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:5184px;left:9083.13px;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:5184px;left:9723.61px;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:5376px;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:5376px;left:569.11px;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:5376px;left:942.39px;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:5376px;left:1674.22px;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:5376px;left:2382.05px;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:5376px;left:2533.09px;letter-spacing:0.32px;white-space:nowrap">normally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:3190.67px;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:5376px;left:3472.11px;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:5376px;left:4029.06px;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:5376px;left:4221.54px;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:5376px;left:4766.49px;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:5376px;left:5308.56px;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:5376px;left:5877.68px;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:5376px;left:6538.31px;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:5376px;left:6813.83px;white-space:nowrap">attractiveness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:7832.69px;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:5376px;left:8019.41px;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:5376px;left:8751.24px;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:5376px;left:9459.07px;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:5376px;left:9630.91px;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:5568px;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:5568px;left:192.48px;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:5568px;left:615.99px;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:5568px;left:1442.54px;letter-spacing:0.22px;white-space:nowrap">alternatives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:2304.28px;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:5568px;left:2455.32px;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:5568px;left:3080.6px;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:5568px;left:3299.95px;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:5568px;left:3937.39px;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:5568px;left:4109.23px;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:5568px;left:4651.3px;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:5568px;left:5220.42px;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:5568px;left:5478.17px;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:5568px;left:5869.05px;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:5568px;left:6061.52px;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:5568px;left:6698.96px;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:5568px;left:6870.8px;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:5568px;left:7146.31px;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:5568px;left:7404.07px;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:5568px;left:7990.78px;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:5568px;left:8449.82px;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:5568px;left:8636.53px;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:5568px;left:9210.93px;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:5568px;left:9780.04px;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:5760px;left:0px;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:5760px;left:731.83px;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:5760px;left:1484.14px;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:5760px;left:2414.37px;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:5760px;left:2689.88px;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:5760px;left:3099px;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:5760px;left:3250.04px;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:5760px;left:3531.47px;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:5760px;left:3658.99px;white-space:nowrap">suitable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:4260.27px;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:5760px;left:5086.82px;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:5760px;left:5326.65px;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:5760px;left:6058.32px;letter-spacing:-0.52px;white-space:nowrap">retirement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:6840.07px;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:5760px;left:7560.38px;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:5760px;left:7800.22px;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:5760px;left:8223.73px;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:5760px;left:8481.49px;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:5760px;left:9068.2px;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:5760px;left:9260.68px;letter-spacing:-0.22px;white-space:nowrap">tax-deferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5952px;left:0px;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:5952px;left:720.31px;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:5952px;left:960.15px;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:5952px;left:1635.5px;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:5952px;left:1979.33px;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:5952px;left:2246.05px;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:5952px;left:2527.49px;white-space:nowrap">sensitive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5952px;left:3182.2px;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:5952px;left:3374.67px;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:5952px;left:3650.19px;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:5952px;left:4192.26px;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:5952px;left:4761.38px;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:5952px;left:5019.13px;white-space:nowrap">consequences
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5952px;left:6080.57px;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:5952px;left:6267.28px;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:5952px;left:6634.32px;white-space:nowrap">investments.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6288.96px;left:0px;letter-spacing:-1.46px;white-space:nowrap">Taxability
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6288.96px;left:665.78px;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:6288px;left:1050.86px;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:6288px;left:1365.1px;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:6288px;left:1774.22px;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:6288px;left:2049.41px;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:6288px;left:2508.6px;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:6288px;left:2680.44px;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:6288px;left:3412.27px;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:6288px;left:4120.1px;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:6288px;left:4291.94px;letter-spacing:-0.32px;white-space:nowrap">reliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:4890.5px;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:6288px;left:5071.13px;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:6288px;left:5346.65px;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:6288px;left:5707.92px;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:6288px;left:5894.64px;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:6288px;left:6582.32px;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:6288px;left:6810.63px;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:6288px;left:7027.11px;white-space:nowrap">opinion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:7613.83px;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:6288px;left:7800.54px;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:6288px;left:8224.38px;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:6288px;left:8814.29px;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:6288px;left:9006.77px;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:6288px;left:9282.29px;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:6288px;left:9732.52px;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:6480px;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:6480px;left:275.52px;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:6480px;left:849.91px;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:6480px;left:1211.35px;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:6480px;left:1439.66px;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:6480px;left:1878.22px;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:6480px;left:2586.05px;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:6480px;left:2861.24px;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:6480px;left:3092.44px;white-space:nowrap">excludable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:3913.39px;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:6480px;left:4286.67px;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:6480px;left:4710.34px;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:6480px;left:5279.45px;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:6480px;left:5519.29px;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:6480px;left:6064.24px;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:6480px;left:6606.31px;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:6480px;left:7175.43px;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:6480px;left:7433.18px;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:6480px;left:8179.9px;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:6480px;left:8494.13px;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:6480px;left:8769.65px;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:6480px;left:9628.84px;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:6480px;left:9904.03px;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:6672px;left:0px;white-space:nowrap">independently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:1078.55px;white-space:nowrap">verify
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:1505.1px;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:6672px;left:1827.82px;white-space:nowrap">opinion.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:2459.01px;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:6672px;left:3354.04px;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:6672px;left:3546.52px;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:6672px;left:3822.04px;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:4323.15px;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:6672px;left:5134.82px;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:6672px;left:5321.54px;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:6672px;left:5689.22px;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:6672px;left:5816.74px;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:6672px;left:6548.57px;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:6672px;left:7167.76px;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:6672px;left:7849.51px;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:6672px;left:8125.03px;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:6672px;left:8714.46px;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:6672px;left:9055.42px;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:6672px;left:9286.62px;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:6864px;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:6864px;left:192.48px;letter-spacing:-2.94px;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:6864px;left:524.63px;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:6864px;left:717.11px;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:6864px;left:909.58px;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:6864px;left:1292.14px;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:6864px;left:1698.06px;white-space:nowrap">taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:2263.97px;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:6864px;left:2877.57px;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:6864px;left:3099.96px;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:6864px;left:3227.48px;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:6864px;left:3704.28px;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:6864px;left:3979.79px;letter-spacing:-0.29px;white-space:nowrap">treatment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:4720.1px;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:6864px;left:4906.82px;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:6864px;left:5644.57px;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:6864px;left:6409.04px;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:6864px;left:6770.48px;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:6864px;left:6962.95px;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:6864px;left:7155.43px;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:6864px;left:7386.63px;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:6864px;left:7748.06px;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:6864px;left:7967.42px;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:6864px;left:8242.94px;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:6864px;left:8652.06px;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:6864px;left:8847.74px;letter-spacing:-0.17px;white-space:nowrap">&#8220;exempt-interest
</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">dividends&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:820.79px;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:7056px;left:1262.39px;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:7056px;left:1493.58px;white-space:nowrap">adversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:2210.7px;letter-spacing:-0.29px;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:7056px;left:2880.45px;white-space:nowrap">subjecting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:3662.52px;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:7056px;left:3938.04px;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:7056px;left:4439.16px;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:7056px;left:5393.23px;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:7056px;left:5585.7px;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:7056px;left:6311.77px;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:7056px;left:6853.85px;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:7056px;left:7422.96px;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:7056px;left:7680.72px;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:7056px;left:8391.1px;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:7056px;left:8953.82px;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:7056px;left:9377.33px;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:7248px;left:0px;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:7248px;left:450.56px;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:7248px;left:669.91px;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:7248px;left:945.43px;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:7248px;left:1399.03px;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:7248px;left:2098.22px;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:7248px;left:2906.85px;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:7248px;left:3845.88px;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:7248px;left:4186.83px;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:7248px;left:4619.15px;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:7248px;left:4790.99px;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:7248px;left:5066.5px;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:7248px;left:5605.54px;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:7248px;left:5792.25px;white-space:nowrap">taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:6358.17px;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:7248px;left:6927.28px;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:7248px;left:7119.76px;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:7248px;left:7540.55px;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:7248px;left:7759.91px;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:7248px;left:8035.43px;white-space:nowrap">Fund.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7584.96px;left:0px;letter-spacing:-1.83px;white-space:nowrap">Tobacco
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7584.96px;left:571.56px;text-rendering:optimizeLegibility;letter-spacing:-0.23px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7584.96px;left:1338.2px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:7584.96px;left:1721.8px;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:7584px;left:2106.88px;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:7584px;left:2421.11px;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:7584px;left:2830.23px;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:7584px;left:3171.19px;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:7584px;left:3630.38px;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:7584px;left:3802.22px;white-space:nowrap">tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7584px;left:4424.61px;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:7584px;left:5227.16px;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:7584px;left:5763.64px;letter-spacing:-2.22px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7584px;left:6406.99px;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:7584px;left:7209.54px;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:7584px;left:7701.53px;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:7584px;left:7968.25px;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:7584px;left:8700.08px;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:7584px;left:9407.91px;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:7584px;left:9730.63px;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:7584px;left:9997.34px;white-space:nowrap">backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7776px;left:0px;white-space:nowrap">solely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7776px;left:450.39px;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:7776px;left:669.75px;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:7776px;left:1383.98px;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:7776px;left:2068.78px;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:7776px;left:2261.26px;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:7776px;left:2492.46px;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:7776px;left:3079.01px;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:7776px;left:3452.28px;white-space:nowrap">lawsuits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7776px;left:4050.51px;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:7776px;left:4734.98px;white-space:nowrap">tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7776px;left:5357.37px;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:7776px;left:5902.33px;white-space:nowrap">deaths
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7776px;left:6426.8px;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:7776px;left:6741.04px;white-space:nowrap">illnesses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7776px;left:7372.07px;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:7776px;left:7825.51px;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:7776px;left:8213.66px;white-space:nowrap">settled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7776px;left:8746.62px;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:7776px;left:9413.33px;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:7776px;left:9940.52px;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:7968px;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:7968px;left:314.24px;white-space:nowrap">American
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7968px;left:1034.39px;white-space:nowrap">tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7968px;left:1656.78px;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:7968px;left:2519.33px;letter-spacing:-2.22px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7968px;left:3162.68px;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:7968px;left:3965.23px;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:7968px;left:4457.23px;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:7968px;left:4723.95px;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:7968px;left:5328.58px;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:7968px;left:5547.94px;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:7968px;left:5764.42px;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:7968px;left:6297.69px;letter-spacing:-2.22px;white-space:nowrap">state&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7968px;left:6780.57px;letter-spacing:-0.21px;white-space:nowrap">proportionate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7968px;left:7814.15px;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:7968px;left:8237.99px;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:7968px;left:8409.82px;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:7968px;left:8685.34px;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:7968px;left:9218.62px;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:8160px;left:0px;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:8160px;left:891.99px;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:8160px;left:1108.47px;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:8160px;left:1929.27px;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:8160px;left:2595.98px;white-space:nowrap">46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:2818.38px;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:8160px;left:3277.41px;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:8160px;left:3591.65px;white-space:nowrap">nearly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:4065.73px;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:8160px;left:4270.04px;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:8160px;left:4456.76px;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:8160px;left:4732.28px;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:8160px;left:5064.43px;white-space:nowrap">tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:5686.82px;letter-spacing:-0.21px;white-space:nowrap">manufacturers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:6738.65px;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:8160px;left:7055.77px;white-space:nowrap">&#8220;MSA&#8221;).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:7693.53px;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:8160px;left:8176.56px;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:8160px;left:8452.08px;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:8160px;left:8899.11px;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:8160px;left:9085.83px;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:8160px;left:9361.34px;white-space:nowrap">MSA,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8160px;left:9791.42px;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:8160px;left:10066.94px;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:8352px;left:0px;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:8352px;left:589.75px;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:8352px;left:776.47px;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:8352px;left:1238.54px;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:8352px;left:2041.09px;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:8352px;left:2779.01px;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:8352px;left:2998.36px;letter-spacing:-0.13px;white-space:nowrap">tobacco-manufacturers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:4681.38px;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:8352px;left:4832.42px;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:8352px;left:5668.09px;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:8352px;left:5896.41px;white-space:nowrap">many
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8352px;left:6326.33px;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:8352px;left:6892.08px;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:8352px;left:7635.75px;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:8352px;left:8181.18px;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:8352px;left:8604.7px;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:8352px;left:9129.01px;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:8352px;left:9763.25px;letter-spacing:-0.29px;white-space:nowrap">cigarette
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:0px;white-space:nowrap">consumption.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:1016.47px;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:8544px;left:1748.46px;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:8544px;left:2199.02px;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:8544px;left:2418.37px;white-space:nowrap">tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:3040.76px;letter-spacing:-0.21px;white-space:nowrap">manufacturers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:4092.59px;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:8544px;left:4534.19px;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:8544px;left:4765.39px;white-space:nowrap">negatively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:5541.7px;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:8544px;left:6258.65px;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:8544px;left:6388.88px;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:8544px;left:6664.4px;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:8544px;left:7352.08px;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:8544px;left:7523.92px;white-space:nowrap">tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:8146.31px;white-space:nowrap">consumption
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8544px;left:9118.29px;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:8544px;left:9269.33px;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:8736px;left:0px;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:8736px;left:559.67px;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:8736px;left:918.23px;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:8736px;left:1193.75px;letter-spacing:-0.26px;white-space:nowrap">forecasted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8736px;left:1987.82px;white-space:nowrap">decline.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9072.96px;left:0px;letter-spacing:-0.87px;white-space:nowrap">Unrated
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9072.96px;left:577.27px;text-rendering:optimizeLegibility;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:9072.96px;left:1256.64px;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:9072px;left:1605.55px;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:9072px;left:1919.79px;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:9072px;left:2328.9px;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:9072px;left:2669.86px;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:9072px;left:3357.54px;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:9072px;left:4065.37px;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:9072px;left:4388.08px;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:9072px;left:4654.8px;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:9072px;left:4936.24px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9072px;left:5356.71px;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:9072px;left:5576.07px;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:9072px;left:5869.67px;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:9072px;left:6328.54px;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:9072px;left:7297.32px;white-space:nowrap">Unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9072px;left:7916.52px;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:9072px;left:8624.35px;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:9072px;left:9504.01px;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:9072px;left:9723.37px;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:9072px;left:9998.89px;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:9264px;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:9264px;left:826.55px;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:9264px;left:1377.58px;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:9264px;left:1570.06px;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:9264px;left:1801.26px;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:9264px;left:1987.97px;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:9264px;left:2882.84px;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:9264px;left:3404.11px;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:9264px;left:3596.59px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9264px;left:4017.06px;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:9264px;left:4911.77px;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:9264px;left:5365.21px;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:9264px;left:5640.73px;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:9264px;left:6049.84px;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:9264px;left:6390.8px;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:9264px;left:7078.48px;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:9264px;left:7419.43px;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:9264px;left:7721.83px;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:9264px;left:7849.35px;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:9264px;left:8349.99px;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:9264px;left:9019.58px;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:9264px;left:9212.05px;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:9264px;left:9786.45px;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:9264px;left:10109.16px;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:9456px;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:9456px;left:367.68px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9456px;left:788.15px;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:9456px;left:1682.86px;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:9456px;left:1997.1px;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:9456px;left:2228.3px;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:9456px;left:2785.25px;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:9456px;left:2977.73px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9456px;left:3105.25px;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:9456px;left:3664.92px;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:9456px;left:3946.19px;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:9456px;left:4132.91px;white-space:nowrap">illiquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9456px;left:4822.5px;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:9456px;left:5014.97px;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:9456px;left:5414.8px;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:9456px;left:6096.72px;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:9456px;left:6446.48px;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:9456px;left:6929.35px;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:9456px;left:7794.14px;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:9456px;left:7945.17px;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:9456px;left:8570.12px;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:9456px;left:9242.75px;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:9456px;left:9704.99px;white-space:nowrap">unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9648px;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:9648px;left:894.71px;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:9648px;left:1087.19px;white-space:nowrap">issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9648px;left:1605.58px;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:9648px;left:1964.14px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9648px;left:2384.61px;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:9648px;left:3279.32px;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:9648px;left:3471.79px;white-space:nowrap">issuers.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9648px;left:4034.67px;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:9648px;left:4488.26px;white-space:nowrap">unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9648px;left:5086.66px;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:9648px;left:5794.49px;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:9648px;left:6135.44px;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:9648px;left:6416.88px;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:9648px;left:6799.44px;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:9648px;left:7015.92px;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:9648px;left:7478.15px;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:9648px;left:8034.78px;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:9648px;left:8570.94px;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:9648px;left:8763.41px;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:9648px;left:9104.37px;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:9648px;left:9335.57px;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:9648px;left:9904.2px;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:9648px;left:10096.67px;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:9840px;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:9840px;left:453.44px;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:9840px;left:963.35px;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:9840px;left:1238.87px;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:9840px;left:1647.99px;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:9840px;left:2107.02px;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:9840px;left:2489.58px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">difficulty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9840px;left:3135.33px;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:9840px;left:3638.84px;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:9840px;left:4050.68px;letter-spacing:-0.32px;white-space:nowrap">promptly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9840px;left:4740.75px;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:9840px;left:4921.38px;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:9840px;left:5137.86px;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:9840px;left:5967.61px;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:9840px;left:6411.93px;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:9840px;left:6625.37px;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:9840px;left:6900.88px;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:9840px;left:7395.6px;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:9840px;left:7718.31px;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:9840px;left:7993.83px;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:9840px;left:8402.95px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9840px;left:8930.3px;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:9840px;left:9102.14px;white-space:nowrap">unrated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9840px;left:9700.53px;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:10032px;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:10032px;left:275.52px;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:10032px;left:776.64px;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:10032px;left:1247.35px;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:10032px;left:1439.82px;white-space:nowrap">achieve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10032px;left:2026.86px;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:10032px;left:2231.01px;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:10032px;left:3057.56px;white-space:nowrap">objectives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10032px;left:3824.91px;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:10032px;left:4100.1px;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:10032px;left:4331.3px;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:10032px;left:4746.18px;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:10032px;left:5581.85px;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:10032px;left:5810.17px;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:10032px;left:6085.69px;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:10032px;left:6912.24px;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:10032px;left:7555.27px;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:10032px;left:8005.34px;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:10032px;left:8595.1px;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:10032px;left:8953.65px;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:10032px;left:9433.65px;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:10032px;left:9664.85px;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:10032px;left:9940.36px;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:10224px;left:0px;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:10224px;left:426.88px;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:10224px;left:702.4px;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:10224px;left:1111.51px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10224px;left:1638.87px;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:10224px;left:1810.71px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10224px;left:2231.18px;white-space:nowrap">securities.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10560.96px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-1.03px;white-space:nowrap">Valuation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:10560.96px;left:669.14px;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:10560px;left:1054.22px;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:10560px;left:1368.46px;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:10560px;left:2100.29px;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:10560px;left:2808.12px;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:10560px;left:2979.96px;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:10560px;left:3433.39px;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:10560px;left:3708.91px;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:10560px;left:4118.03px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10560px;left:4645.38px;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:10560px;left:5270.33px;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:10560px;left:5537.05px;white-space:nowrap">valued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10560px;left:6055.76px;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:10560px;left:6275.12px;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:10560px;left:6402.64px;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:10560px;left:6938.63px;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:10560px;left:7474.95px;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:10560px;left:8069.98px;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:10560px;left:8197.5px;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:10560px;left:8653.81px;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:10560px;left:8840.53px;white-space:nowrap">market-based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10560px;left:9865.63px;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:10752px;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:10752px;left:314.24px;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:10752px;left:1289.11px;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:10752px;left:1988.3px;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:10752px;left:2506.69px;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:10752px;left:3179.32px;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:10752px;left:3715.48px;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:10752px;left:4521.22px;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:10752px;left:5208.57px;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:10752px;left:5581.85px;letter-spacing:-0.78px;white-space:nowrap">broker-dealers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10752px;left:6651.27px;white-space:nowrap">making
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10752px;left:7217.35px;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:10752px;left:7821.66px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10752px;left:7993.5px;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:10752px;left:8361.18px;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:10752px;left:9276.36px;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:10752px;left:9638.12px;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:10752px;left:10047.08px;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:10944px;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:10944px;left:894.55px;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:10944px;left:1134.38px;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:10944px;left:2029.25px;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:10944px;left:2944.44px;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:10944px;left:3397.87px;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:10944px;left:3548.91px;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:10944px;left:3777.23px;white-space:nowrap">assurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10944px;left:4521.22px;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:10944px;left:4843.94px;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:10944px;left:5119.46px;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:10944px;left:5528.57px;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:10944px;left:5803.77px;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:10944px;left:6034.97px;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:10944px;left:6387.6px;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:10944px;left:6580.08px;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:10944px;left:6858.47px;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:10944px;left:6985.99px;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:10944px;left:7643.26px;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:10944px;left:8232.69px;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:10944px;left:8413.33px;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:10944px;left:8688.84px;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:10944px;left:9088.68px;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:10944px;left:9944.83px;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:10944px;left:10164.18px;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:11136px;left:0px;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:11136px;left:535.99px;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:11136px;left:1116.78px;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:11136px;left:1570.22px;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:11136px;left:2011.81px;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:11136px;left:2444.13px;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:11136px;left:2615.97px;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:11136px;left:2743.49px;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:11136px;left:3057.56px;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:11136px;left:3250.04px;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:11136px;left:3525.55px;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:11136px;left:3979.15px;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:11136px;left:4509.22px;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:11136px;left:5113.7px;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:11136px;left:5812.89px;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:11136px;left:6212.72px;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:11136px;left:6944.55px;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:11136px;left:7652.38px;white-space:nowrap">assuming
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11136px;left:8366.62px;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:11136px;left:8911.57px;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:11136px;left:9806.11px;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:11136px;left:9992.83px;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:11328px;left:0px;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:11328px;left:870.38px;letter-spacing:-0.41px;white-space:nowrap">&#8220;round
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:1418.7px;white-space:nowrap">lot&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:1732.61px;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:11328px;left:2085.25px;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:11328px;left:2369.57px;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:11328px;left:2802.36px;white-space:nowrap">trades
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:3290.99px;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:11328px;left:3631.95px;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:11328px;left:4067.62px;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:11328px;left:4239.46px;letter-spacing:-1.64px;white-space:nowrap">smaller,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:4820.1px;white-space:nowrap">&#8220;odd
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:5238.01px;white-space:nowrap">lot&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:5551.92px;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:11328px;left:5972.72px;white-space:nowrap">often
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:6390.47px;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:11328px;left:6571.11px;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:11328px;left:7006.46px;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:11328px;left:7474.46px;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:11328px;left:7833.01px;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:11328px;left:8703.4px;letter-spacing:-0.48px;white-space:nowrap">round
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:9168.67px;white-space:nowrap">lot
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:9399.55px;white-space:nowrap">trades.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11328px;left:9932.66px;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:11520px;left:0px;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:11520px;left:535.99px;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:11520px;left:1140.46px;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:11520px;left:1481.42px;white-space:nowrap">incorporate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11520px;left:2349.25px;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:11520px;left:2991.96px;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:11520px;left:3922.35px;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:11520px;left:4236.58px;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:11520px;left:4716.42px;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:11520px;left:5036.25px;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:11520px;left:5403.29px;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:11520px;left:6093.68px;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:11520px;left:7264.06px;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:11520px;left:8060.69px;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:11520px;left:8718.12px;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:11520px;left:8889.96px;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:11520px;left:9532.67px;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:11520px;left:10021.78px;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:11520px;left:10261.62px;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:11712px;left:0px;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:11712px;left:420.96px;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:11712px;left:1173.27px;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:11712px;left:1395.66px;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:11712px;left:1523.18px;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:11712px;left:1999.98px;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:11712px;left:2130.21px;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:11712px;left:2405.73px;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:11712px;left:2814.85px;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:11712px;left:3203.01px;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:11712px;left:3395.48px;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:11712px;left:3964.76px;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:11712px;left:4500.75px;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:11712px;left:5149.7px;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:11712px;left:5342.18px;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:11712px;left:5472.42px;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:11712px;left:5747.93px;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:11712px;left:6249.05px;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:11712px;left:6785.04px;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:11712px;left:7321.36px;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:11712px;left:7709.51px;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:11712px;left:7901.99px;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:11712px;left:8471.27px;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:11712px;left:8675.42px;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:11712px;left:9365.81px;letter-spacing:-1.13px;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:11904px;left:0px;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:11904px;left:414.72px;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:11904px;left:856.31px;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:11904px;left:1087.51px;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:11904px;left:1215.03px;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:11904px;left:1833.9px;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:11904px;left:2408.61px;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:11904px;left:2864.6px;white-space:nowrap">positive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11904px;left:3465.87px;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:11904px;left:3658.35px;white-space:nowrap">negative,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11904px;left:4363.62px;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:11904px;left:4591.94px;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:11904px;left:4867.46px;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:11904px;left:5368.58px;letter-spacing:-5.73px;white-space:nowrap">NAV. </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">97</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11648 characters]);background-repeat:no-repeat;background-size:cover;height:637.17px;left:0px;position:absolute;top:0px;transform:translate(36.000px,111.528px) 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,3.31px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:0px;left:0px;letter-spacing:-0.87px;white-space:nowrap">Zero
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:0px;left:331.72px;white-space:nowrap">Coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:0px;left:882.19px;white-space:nowrap">Bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:0px;left:1329.61px;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:-0.96px;left:1714.69px;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:-0.96px;left:2355.16px;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:-0.96px;left:2929.56px;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:-0.96px;left:3157.87px;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:-0.96px;left:3504.59px;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:-0.96px;left:4091.62px;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:-0.96px;left:4583.62px;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:-0.96px;left:4734.66px;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:-0.96px;left:5016.09px;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:-0.96px;left:5377.53px;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:-0.96px;left:5605.84px;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:-0.96px;left:5733.36px;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:-0.96px;left:6278.32px;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:-0.96px;left:6722.79px;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:-0.96px;left:6998.31px;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:-0.96px;left:7487.43px;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:-0.96px;left:7674.14px;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:-0.96px;left:8020.86px;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:-0.96px;left:8607.89px;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:-0.96px;left:9099.89px;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:-0.96px;left:9375.08px;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:-0.96px;left:9606.28px;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:-0.96px;left:10021.15px;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:191.04px;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:191.04px;left:171.84px;letter-spacing:-0.32px;white-space:nowrap">response
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:191.04px;left:862.39px;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:191.04px;left:1054.87px;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:191.04px;left:1629.26px;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:191.04px;left:1951.98px;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:191.04px;left:2589.41px;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:191.04px;left:2947.97px;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:191.04px;left:3223.49px;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:191.04px;left:3712.6px;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:191.04px;left:3899.32px;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:191.04px;left:4391.31px;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:191.04px;left:4714.03px;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:191.04px;left:5436.25px;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:191.04px;left:6005.37px;letter-spacing:-1.6px;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:191.04px;left:6695.6px;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:191.04px;left:7400.87px;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:191.04px;left:7747.59px;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:191.04px;left:8334.62px;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:191.04px;left:8826.62px;white-space:nowrap">generate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:191.04px;left:9513.97px;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:191.04px;left:10083.08px;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:383.04px;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:383.04px;left:832.79px;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:383.04px;left:1579.5px;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:383.04px;left:1932.14px;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:383.04px;left:2169.26px;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:383.04px;left:2450.69px;letter-spacing:-0.36px;white-space:nowrap">produce
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:383.04px;left:3090.84px;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:383.04px;left:3452.6px;text-rendering:optimizeLegibility;letter-spacing:-1.47px;white-space:nowrap">flow,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:383.04px;left:3829.08px;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:383.04px;left:4143.32px;white-space:nowrap">thus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:383.04px;left:4486.99px;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:383.04px;left:4762.51px;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:383.04px;left:5171.63px;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:383.04px;left:5613.22px;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:383.04px;left:5844.42px;letter-spacing:-0.41px;white-space:nowrap">forced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:383.04px;left:6345.21px;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:383.04px;left:6537.69px;white-space:nowrap">liquidate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:383.04px;left:7206.96px;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:383.04px;left:7914.79px;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:383.04px;left:8095.43px;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:383.04px;left:8311.91px;white-space:nowrap">inopportune
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:383.04px;left:9242.13px;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:383.04px;left:9603.41px;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:383.04px;left:9775.25px;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:383.04px;left:10204.68px;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:575.04px;left:0px;white-space:nowrap">generate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:575.04px;left:687.35px;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:575.04px;left:1049.11px;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:575.04px;left:1241.59px;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:575.04px;left:1963.81px;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:575.04px;left:2156.29px;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:575.04px;left:3110.36px;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:575.04px;left:3306.04px;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:575.04px;left:3951.79px;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:575.04px;left:4171.15px;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:575.04px;left:4428.91px;white-space:nowrap">laws.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:919.92px;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:919.92px;left:480.96px;letter-spacing:-0.54px;white-space:nowrap">Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:919.92px;left:987.65px;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:919.92px;left:1363.85px;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:919.92px;left:1918.6px;letter-spacing:-0.18px;white-space:nowrap">Risks:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1128px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-1.42px;white-space:nowrap">Anti-Takeover
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1128px;left:956.41px;letter-spacing:-0.2px;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:1127.04px;left:1750.94px;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:1127.04px;left:2065.18px;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:1127.04px;left:2566.29px;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:1127.04px;left:3612.04px;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:1127.04px;left:4450.75px;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:1127.04px;left:5013.78px;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:1127.04px;left:5775.21px;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:1127.04px;left:6097.93px;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:1127.04px;left:6539.52px;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:1127.04px;left:6888.63px;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:1127.04px;left:7164.15px;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:1127.04px;left:7634.86px;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:1127.04px;left:7821.58px;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:1127.04px;left:8245.09px;white-space:nowrap">entities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1127.04px;left:8807.64px;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:1127.04px;left:9000.12px;white-space:nowrap">persons
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1127.04px;left:9604.59px;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:1127.04px;left:9797.07px;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:1319.04px;left:0px;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:1319.04px;left:542.07px;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:1319.04px;left:728.79px;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:1319.04px;left:1004.3px;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:1319.04px;left:1413.42px;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:1319.04px;left:1605.9px;white-space:nowrap">convert
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1319.04px;left:2183.65px;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:1319.04px;left:2459.17px;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:1319.04px;left:2868.29px;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:1319.04px;left:3060.76px;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:1319.04px;left:3804.76px;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:1319.04px;left:4308.27px;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:1319.04px;left:4761.7px;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:1319.04px;left:5028.42px;white-space:nowrap">commonly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1319.04px;left:5816.89px;white-space:nowrap">known
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1319.04px;left:6326.81px;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:1319.04px;left:6522.49px;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:1319.04px;left:7183.12px;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:1319.04px;left:7627.75px;white-space:nowrap">Acquisition&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1319.04px;left:8549.18px;letter-spacing:-0.24px;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:1319.04px;left:9355.09px;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:1319.04px;left:10060.36px;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:1511.04px;left:0px;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:1511.04px;left:835.35px;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:1511.04px;left:1022.06px;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:1511.04px;left:1297.58px;letter-spacing:-0.32px;white-space:nowrap">&quot;Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1511.04px;left:1958.21px;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:1511.04px;left:2402.85px;white-space:nowrap">Acquisition&quot;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1511.04px;left:3324.27px;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:1511.04px;left:4085.7px;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:1511.04px;left:4370.34px;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:1511.04px;left:5030.81px;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:1511.04px;left:5439.93px;white-space:nowrap">suspended,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1511.04px;left:6314.33px;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:1511.04px;left:6746.96px;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:1511.04px;left:7508.39px;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:1511.04px;left:7949.99px;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:1511.04px;left:8332.54px;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:1511.04px;left:8608.06px;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:1511.04px;left:9052.54px;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:1511.04px;left:9239.25px;white-space:nowrap">depriving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1511.04px;left:9961.96px;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:1703.04px;left:0px;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:1703.04px;left:672.95px;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:1703.04px;left:1627.02px;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:1703.04px;left:1813.74px;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:1703.04px;left:2814.68px;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:1703.04px;left:3007.16px;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:1703.04px;left:3285.55px;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:1703.04px;left:3652.59px;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:1703.04px;left:4325.54px;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:1703.04px;left:4817.53px;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:1703.04px;left:4998.17px;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:1703.04px;left:5125.69px;letter-spacing:-0.36px;white-space:nowrap">premium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1703.04px;left:5807.12px;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:1703.04px;left:6165.68px;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:1703.04px;left:6441.2px;letter-spacing:-0.22px;white-space:nowrap">then-current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1703.04px;left:7359.43px;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:1703.04px;left:7895.58px;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:1703.04px;left:8295.41px;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:1703.04px;left:8482.13px;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:1703.04px;left:8757.65px;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:1703.04px;left:9430.6px;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:bold;position:absolute;top:2040px;left:0px;letter-spacing:-0.26px;white-space:nowrap">Counterparty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2040px;left:921.02px;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:2039.04px;left:1306.09px;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:2039.04px;left:1979.05px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2039.04px;left:2150.89px;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:2039.04px;left:2426.41px;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:2039.04px;left:2876.48px;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:2039.04px;left:3397.75px;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:2039.04px;left:3584.47px;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:2039.04px;left:3859.99px;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:2039.04px;left:4678.06px;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:2039.04px;left:5000.77px;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:2039.04px;left:5421.57px;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:2039.04px;left:5617.25px;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:2039.04px;left:5892.76px;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:2039.04px;left:6393.88px;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:2039.04px;left:7466.03px;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:2039.04px;left:7806.5px;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:2039.04px;left:8375.29px;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:2039.04px;left:8567.77px;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:2039.04px;left:9376.4px;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:2039.04px;left:9568.87px;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:2231.04px;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:2231.04px;left:894.55px;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:2231.04px;left:1679.49px;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:2231.04px;left:1898.85px;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:2231.04px;left:2494.37px;letter-spacing:-2.22px;white-space:nowrap">party&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2231.04px;left:2995px;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:2231.04px;left:3445.07px;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:2231.04px;left:3720.26px;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:2231.04px;left:4158.82px;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:2231.04px;left:4434.34px;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:2231.04px;left:4855.29px;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:2231.04px;left:5042.01px;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:2231.04px;left:5480.56px;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:2231.04px;left:6395.75px;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:2231.04px;left:6958.46px;white-space:nowrap">entities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2231.04px;left:7521.02px;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:2231.04px;left:7843.73px;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:2231.04px;left:8226.29px;white-space:nowrap">served
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2231.04px;left:8744.84px;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:2231.04px;left:8940.52px;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:2231.04px;left:10012.67px;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:2231.04px;left:10184.5px;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:2423.04px;left:0px;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:2423.04px;left:604.31px;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:2423.04px;left:844.15px;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:2423.04px;left:1276.78px;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:2423.04px;left:2171.33px;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:2423.04px;left:2553.89px;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:2423.04px;left:3181.88px;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:2423.04px;left:3374.36px;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:2423.04px;left:3715.31px;white-space:nowrap">incur
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2423.04px;left:4106.35px;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:2423.04px;left:4278.19px;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:2423.04px;left:4553.7px;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:2423.04px;left:5015.78px;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:2423.04px;left:5780.09px;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:2423.04px;left:6408.4px;letter-spacing:-0.29px;white-space:nowrap">hardships
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2423.04px;left:7134.31px;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:2423.04px;left:7833.51px;white-space:nowrap">bankruptcy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2423.04px;left:8672.06px;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:2423.04px;left:8986.29px;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:2423.04px;left:9457.49px;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:2423.04px;left:9653.17px;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:2423.04px;left:9780.69px;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:2423.04px;left:10213px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2615.04px;left:0px;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:2615.04px;left:699.51px;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:2615.04px;left:891.99px;white-space:nowrap">sub-prime
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2615.04px;left:1659.18px;white-space:nowrap">mortgages
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2615.04px;left:2476.77px;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:2615.04px;left:2791.01px;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:2615.04px;left:3214.52px;letter-spacing:-0.63px;white-space:nowrap">lower-quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2615.04px;left:4171.14px;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:2615.04px;left:4621.22px;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:2615.04px;left:5560.41px;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:2615.04px;left:5782.8px;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:2615.04px;left:5910.32px;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:2615.04px;left:6387.12px;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:2615.04px;left:6754.79px;letter-spacing:-0.29px;white-space:nowrap">hardships
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2615.04px;left:7480.71px;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:2615.04px;left:7863.27px;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:2615.04px;left:8497.5px;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:2615.04px;left:8930.14px;white-space:nowrap">entities&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2615.04px;left:9534.29px;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:2615.04px;left:10049.64px;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:2807.04px;left:0px;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:2807.04px;left:468.15px;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:2807.04px;left:787.99px;white-space:nowrap">question
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2807.04px;left:1451.66px;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:2807.04px;left:1818.69px;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:2807.04px;left:2580.29px;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:2807.04px;left:3051px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2807.04px;left:3243.47px;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:2807.04px;left:3862.34px;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:2807.04px;left:4229.37px;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:2807.04px;left:5067.6px;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:2807.04px;left:5529.83px;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:2807.04px;left:5897.51px;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:2807.04px;left:6836.54px;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:2807.04px;left:7058.94px;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:2807.04px;left:7485.65px;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:2807.04px;left:7853.33px;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:2807.04px;left:8661.96px;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:2807.04px;left:8854.43px;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:2807.04px;left:9277.95px;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:2807.04px;left:10216.97px;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:2999.04px;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:2999.04px;left:409.12px;white-space:nowrap">assumes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2999.04px;left:1055.35px;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:2999.04px;left:1330.87px;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:2999.04px;left:1612.15px;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:2999.04px;left:1934.86px;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:2999.04px;left:2139.02px;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:2999.04px;left:3211.16px;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:2999.04px;left:3652.75px;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:2999.04px;left:4485.55px;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:2999.04px;left:4985.86px;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:2999.04px;left:5614.17px;letter-spacing:-0.26px;white-space:nowrap">hardships.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2999.04px;left:6384.56px;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:2999.04px;left:6560.24px;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:2999.04px;left:6835.76px;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:2999.04px;left:7277.36px;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:2999.04px;left:7464.07px;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:2999.04px;left:7739.59px;white-space:nowrap">insolvency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2999.04px;left:8522.14px;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:2999.04px;left:8708.86px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2999.04px;left:8836.38px;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:2999.04px;left:9819.88px;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:2999.04px;left:10095.4px;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:3191.04px;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:3191.04px;left:340.96px;white-space:nowrap">sustain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3191.04px;left:874.23px;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:3191.04px;left:1345.42px;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:3191.04px;left:1537.9px;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:3191.04px;left:1769.1px;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:3191.04px;left:2299.66px;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:3191.04px;left:2492.13px;white-space:nowrap">liquidate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3191.04px;left:3161.4px;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:3191.04px;left:3288.92px;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:3191.04px;left:4097.55px;white-space:nowrap">position.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3528px;left:0px;letter-spacing:-0.14px;white-space:nowrap">Cybersecurity
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3528px;left:942.58px;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:3527.04px;left:1327.66px;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:3527.04px;left:1641.89px;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:3527.04px;left:2051.01px;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:3527.04px;left:2365.25px;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:3527.04px;left:2569.41px;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:3527.04px;left:3105.72px;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:3527.04px;left:3816.59px;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:3527.04px;left:4083.31px;white-space:nowrap">susceptible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3527.04px;left:4933.54px;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:3527.04px;left:5126.01px;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:3527.04px;left:5985.04px;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:3527.04px;left:6299.28px;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:3527.04px;left:7164.06px;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:3527.04px;left:7753.49px;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:3527.04px;left:8034.77px;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:3527.04px;left:8692.2px;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:3527.04px;left:9065.47px;white-space:nowrap">cyber
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3527.04px;left:9504.03px;white-space:nowrap">incidents.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3719.04px;left:0px;white-space:nowrap">Cyber
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3719.04px;left:474.07px;white-space:nowrap">incidents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3719.04px;left:1158.39px;letter-spacing:-0.48px;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:3719.04px;left:1531.5px;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:3719.04px;left:1723.98px;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:3719.04px;left:2103.17px;white-space:nowrap">intentional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3719.04px;left:2902.84px;white-space:nowrap">attacks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3719.04px;left:3442.03px;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:3719.04px;left:3756.27px;white-space:nowrap">unintentional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3719.04px;left:4733.86px;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:3719.04px;left:5243.61px;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:3719.04px;left:5987.29px;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:3719.04px;left:6802.16px;letter-spacing:-0.36px;white-space:nowrap">errors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3719.04px;left:7299.59px;white-space:nowrap">human
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3719.04px;left:7830.31px;letter-spacing:-0.36px;white-space:nowrap">errors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3719.04px;left:8327.74px;white-space:nowrap">technical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3719.04px;left:9006.29px;letter-spacing:-0.41px;white-space:nowrap">errors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3719.04px;left:9459.24px;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:3911.04px;left:0px;white-space:nowrap">computer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3911.04px;left:734.71px;white-space:nowrap">glitches
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3911.04px;left:1330.06px;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:3911.04px;left:1644.3px;white-space:nowrap">system
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3911.04px;left:2180.61px;white-space:nowrap">malfunctions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3911.04px;left:3173.24px;white-space:nowrap">inadequate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3911.04px;left:4026.67px;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:3911.04px;left:4219.15px;white-space:nowrap">failed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3911.04px;left:4657.54px;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:3911.04px;left:5237.85px;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:3911.04px;left:5430.33px;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:3911.04px;left:6049.36px;letter-spacing:-0.26px;white-space:nowrap">processes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3911.04px;left:6840.71px;white-space:nowrap">market-wide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3911.04px;left:7770.78px;letter-spacing:-0.16px;white-space:nowrap">technical-related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3911.04px;left:9003.08px;white-space:nowrap">disruptions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4103.04px;left:0px;white-space:nowrap">unauthorized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4103.04px;left:977.75px;white-space:nowrap">access
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4103.04px;left:1484.79px;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:4103.04px;left:1677.26px;white-space:nowrap">digital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4103.04px;left:2168.61px;white-space:nowrap">systems
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4103.04px;left:2773.08px;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:4103.04px;left:3422.04px;white-space:nowrap">&#8220;hacking&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4103.04px;left:4183.95px;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:4103.04px;left:4376.43px;white-space:nowrap">malicious
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4103.04px;left:5084.58px;letter-spacing:-0.32px;white-space:nowrap">software
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4103.04px;left:5730.32px;white-space:nowrap">coding),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4103.04px;left:6355.76px;white-space:nowrap">computer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4103.04px;left:7090.47px;white-space:nowrap">viruses,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4103.04px;left:7662.3px;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:4103.04px;left:7976.54px;letter-spacing:-0.63px;white-space:nowrap">cyber-attacks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4103.04px;left:8954.28px;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:4103.04px;left:9407.72px;white-space:nowrap">shut
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4103.04px;left:9751.4px;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:4295.04px;left:0px;white-space:nowrap">disable,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4295.04px;left:601.43px;white-space:nowrap">slow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4295.04px;left:962.87px;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:4295.04px;left:1155.34px;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:4295.04px;left:1889.89px;white-space:nowrap">disrupt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4295.04px;left:2431.64px;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:4295.04px;left:3281.87px;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:4295.04px;left:3933.86px;letter-spacing:-0.29px;white-space:nowrap">processes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4295.04px;left:4680.73px;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:4295.04px;left:4873.21px;white-space:nowrap">website
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4295.04px;left:5468.56px;white-space:nowrap">access
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4295.04px;left:5975.6px;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:4295.04px;left:6168.07px;white-space:nowrap">functionality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4295.04px;left:7080.38px;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:4295.04px;left:7821.17px;white-space:nowrap">denial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4295.04px;left:8301.16px;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:4295.04px;left:8487.88px;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:4295.04px;left:9024.19px;white-space:nowrap">attacks).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4295.04px;left:9649.47px;white-space:nowrap">Cyber
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4487.04px;left:0px;white-space:nowrap">incidents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4487.04px;left:684.31px;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:4487.04px;left:1125.91px;white-space:nowrap">adversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4487.04px;left:1843.02px;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:4487.04px;left:2373.25px;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:4487.04px;left:2648.77px;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:4487.04px;left:3057.89px;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:4487.04px;left:3372.12px;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:4487.04px;left:3822.84px;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:4487.04px;left:4098.36px;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:4487.04px;left:4507.48px;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:4487.04px;left:4699.95px;white-space:nowrap">incur
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4487.04px;left:5090.99px;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:4487.04px;left:5719.3px;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:4487.04px;left:6033.38px;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:4487.04px;left:6347.61px;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:4487.04px;left:7035.45px;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:4487.04px;left:7231.13px;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:4487.04px;left:7556.88px;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:4487.04px;left:7752.56px;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:4487.04px;left:8093.52px;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:4487.04px;left:8793.03px;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:4487.04px;left:8985.51px;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:4487.04px;left:9755.58px;white-space:nowrap">penalties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4679.04px;left:0px;letter-spacing:-0.22px;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:4679.04px;left:903.35px;white-space:nowrap">damage,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4679.04px;left:1579.18px;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:4679.04px;left:1893.42px;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:4679.04px;left:2651.65px;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:4679.04px;left:3517.08px;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:4679.04px;left:3922.99px;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:4679.04px;left:4720.1px;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:4679.04px;left:5060.57px;letter-spacing:-0.26px;white-space:nowrap">corrective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4679.04px;left:5804.08px;letter-spacing:-0.29px;white-space:nowrap">measures.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4679.04px;left:6565.84px;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:4679.04px;left:6741.52px;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:4679.04px;left:7422.79px;white-space:nowrap">substantial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4679.04px;left:8228.37px;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:4679.04px;left:8634.29px;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:4679.04px;left:8975.24px;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:4679.04px;left:9206.44px;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:4679.04px;left:9834.44px;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:4679.04px;left:10006.27px;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:4871.04px;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:4871.04px;left:192.48px;letter-spacing:-0.36px;white-space:nowrap">prevent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4871.04px;left:782.07px;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:4871.04px;left:1075.67px;white-space:nowrap">cyber
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4871.04px;left:1514.22px;white-space:nowrap">incidents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4871.04px;left:2198.54px;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:4871.04px;left:2370.37px;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:4871.04px;left:2645.89px;letter-spacing:-0.36px;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:4871.04px;left:3152.45px;white-space:nowrap">Furthermore,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4871.04px;left:4129.87px;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:4871.04px;left:4405.39px;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:4871.04px;left:4814.51px;white-space:nowrap">cannot
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4871.04px;left:5345.06px;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:4871.04px;left:5887.13px;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:4871.04px;left:6162.65px;white-space:nowrap">cybersecurity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4871.04px;left:7146.16px;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:4871.04px;left:7566.95px;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:4871.04px;left:7881.19px;white-space:nowrap">systems
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4871.04px;left:8485.66px;white-space:nowrap">put
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4871.04px;left:8769.98px;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:4871.04px;left:8941.82px;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:4871.04px;left:9371.57px;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:4871.04px;left:9590.93px;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:4871.04px;left:9795.09px;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:5063.04px;left:0px;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:5063.04px;left:710.87px;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:5063.04px;left:903.34px;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:5063.04px;left:1196.94px;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:5063.04px;left:1620.46px;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:5063.04px;left:1993.41px;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:5063.04px;left:2520.44px;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:5063.04px;left:3021.4px;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:5063.04px;left:3827.14px;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:5063.04px;left:4168.1px;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:5063.04px;left:4606.66px;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:5063.04px;left:4882.17px;white-space:nowrap">Fund.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5400px;left:0px;letter-spacing:-0.3px;white-space:nowrap">Economic
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5400px;left:672.73px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5400px;left:959.61px;text-rendering:optimizeLegibility;letter-spacing:-0.35px;white-space:nowrap">Political
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5400px;left:1520.94px;letter-spacing:-1.02px;white-space:nowrap">Events
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:5400px;left:1989.45px;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:5399.04px;left:2446.88px;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:5399.04px;left:2761.11px;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:5399.04px;left:3170.23px;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:5399.04px;left:3511.19px;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:5399.04px;left:3742.39px;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:5399.04px;left:4157.26px;white-space:nowrap">sensitive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5399.04px;left:4811.98px;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:5399.04px;left:5004.45px;white-space:nowrap">adverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5399.04px;left:5606.04px;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:5399.04px;left:6391.64px;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:5399.04px;left:7043.63px;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:5399.04px;left:7236.11px;white-space:nowrap">political
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5399.04px;left:7840.09px;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:5399.04px;left:8903.92px;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:5399.04px;left:9034.16px;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:5399.04px;left:9170.15px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5399.04px;left:9697.51px;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:5399.04px;left:9825.03px;white-space:nowrap">substantial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5591.04px;left:0px;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:5591.04px;left:565.59px;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:5591.04px;left:752.3px;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:5591.04px;left:956.46px;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:5591.04px;left:1430.53px;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:5591.04px;left:1602.37px;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:5591.04px;left:1877.89px;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:5591.04px;left:2609.72px;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:5591.04px;left:3317.55px;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:5591.04px;left:3504.27px;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:5591.04px;left:4004.58px;letter-spacing:-0.32px;white-space:nowrap">projects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5591.04px;left:4617.69px;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:5591.04px;left:5026.97px;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:5591.04px;left:5222.64px;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:5591.04px;left:5661.2px;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:5591.04px;left:6244.55px;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:5591.04px;left:6437.03px;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:5591.04px;left:6712.54px;white-space:nowrap">education,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5591.04px;left:7512.7px;white-space:nowrap">health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5591.04px;left:7998.61px;letter-spacing:-0.48px;white-space:nowrap">care,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5591.04px;left:8386.93px;white-space:nowrap">housing,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5591.04px;left:9041.96px;white-space:nowrap">transportation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5591.04px;left:10134.58px;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:5783.04px;left:0px;white-space:nowrap">utilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5783.04px;left:550.39px;white-space:nowrap">industries),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5783.04px;left:1364.94px;white-space:nowrap">industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5783.04px;left:2057.72px;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:5783.04px;left:3053.39px;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:5783.04px;left:3589.87px;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:5783.04px;left:3782.34px;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:5783.04px;left:3954.18px;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:5783.04px;left:4664.73px;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:5783.04px;left:5094.32px;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:5783.04px;left:5281.04px;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:5783.04px;left:6012.87px;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:5783.04px;left:6720.7px;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:5783.04px;left:7129.98px;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:5783.04px;left:7325.66px;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:5783.04px;left:7909.33px;white-space:nowrap">obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5783.04px;left:8679.4px;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:5783.04px;left:9215.87px;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:5783.04px;left:9751.86px;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:5975.04px;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:5975.04px;left:491.99px;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:5975.04px;left:684.47px;white-space:nowrap">moral
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5975.04px;left:1134.7px;white-space:nowrap">obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5975.04px;left:1904.77px;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:5975.04px;left:2482.84px;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:5975.04px;left:2871.32px;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:5975.04px;left:3935.15px;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:5975.04px;left:4276.11px;white-space:nowrap">adversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5975.04px;left:4993.22px;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:5975.04px;left:5431.77px;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:5975.04px;left:5559.29px;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:5975.04px;left:6137.2px;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:5975.04px;left:6747.28px;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:5975.04px;left:6939.75px;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:5975.04px;left:7316.06px;white-space:nowrap">political
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5975.04px;left:7920.05px;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:5975.04px;left:8234.29px;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:5975.04px;left:8975.4px;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:5975.04px;left:9804.99px;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:5975.04px;left:10119.23px;white-space:nowrap">thus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6167.04px;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:6167.04px;left:340.96px;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:6167.04px;left:693.59px;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:6167.04px;left:886.07px;white-space:nowrap">declines
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6167.04px;left:1517.26px;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:6167.04px;left:1689.1px;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:6167.04px;left:1964.62px;letter-spacing:-0.17px;white-space:nowrap">creditworthiness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6167.04px;left:3172.92px;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:6167.04px;left:3487.16px;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:6167.04px;left:3908.12px;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:6167.04px;left:4094.83px;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:6167.04px;left:4462.51px;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:6167.04px;left:5194.34px;white-space:nowrap">securities.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6504px;left:0px;white-space:nowrap">Global
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6504px;left:467.58px;letter-spacing:-0.3px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6504px;left:1140.31px;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:6503.04px;left:1525.39px;white-space:nowrap">National
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6503.04px;left:2174.18px;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:6503.04px;left:2488.42px;letter-spacing:-0.32px;white-space:nowrap">regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6503.04px;left:3113.53px;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:6503.04px;left:3934.64px;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:6503.04px;left:4248.88px;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:6503.04px;left:4877.19px;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:6503.04px;left:5481.51px;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:6503.04px;left:5748.23px;white-space:nowrap">becoming
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6503.04px;left:6512.86px;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:6503.04px;left:7392.85px;letter-spacing:-0.18px;white-space:nowrap">interconnected,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6503.04px;left:8557.31px;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:6503.04px;left:9010.75px;letter-spacing:-0.29px;white-space:nowrap">increases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6503.04px;left:9707.22px;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:6695.04px;left:0px;white-space:nowrap">possibilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6695.04px;left:873.42px;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:6695.04px;left:1196.14px;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:6695.04px;left:1981.25px;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:6695.04px;left:2153.08px;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:6695.04px;left:2470.36px;letter-spacing:-1.64px;white-space:nowrap">country,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6695.04px;left:3077.87px;letter-spacing:-0.41px;white-space:nowrap">region
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6695.04px;left:3581.55px;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:6695.04px;left:3774.02px;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:6695.04px;left:4310.18px;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:6695.04px;left:4769.21px;white-space:nowrap">adversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6695.04px;left:5486.32px;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:6695.04px;left:6016.55px;white-space:nowrap">issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6695.04px;left:6534.95px;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:6695.04px;left:6706.78px;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:6695.04px;left:6834.3px;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:6695.04px;left:7477.02px;letter-spacing:-1.64px;white-space:nowrap">country,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6695.04px;left:8084.53px;letter-spacing:-0.41px;white-space:nowrap">region
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6695.04px;left:8588.2px;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:6695.04px;left:8780.68px;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:6695.04px;left:9361.31px;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:6695.04px;left:10034.27px;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:6887.04px;left:0px;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:6887.04px;left:435.52px;white-space:nowrap">political,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6887.04px;left:1083.98px;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:6887.04px;left:1883.81px;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:6887.04px;left:2141.57px;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:6887.04px;left:2455.81px;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:6887.04px;left:3196.92px;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:6887.04px;left:3982.02px;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:6887.04px;left:4322.98px;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:6887.04px;left:4773.7px;text-rendering:optimizeLegibility;white-space:nowrap">fluctuations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6887.04px;left:5638.81px;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:6887.04px;left:5810.64px;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:6887.04px;left:6414.96px;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:6887.04px;left:6729.19px;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:6887.04px;left:7623.9px;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:6887.04px;left:8091.9px;letter-spacing:-0.41px;white-space:nowrap">around
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6887.04px;left:8640.21px;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:6887.04px;left:8915.73px;white-space:nowrap">world,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6887.04px;left:9404.36px;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:6887.04px;left:9857.8px;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:7079.04px;left:0px;white-space:nowrap">negatively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7079.04px;left:776.31px;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:7079.04px;left:1306.54px;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:7079.04px;left:1582.06px;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:7079.04px;left:2003.02px;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:7079.04px;left:2189.73px;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:7079.04px;left:2465.25px;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:7079.04px;left:2966.37px;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:7079.04px;left:3905.56px;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:7079.04px;left:4361.87px;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:7079.04px;left:5102.98px;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:7079.04px;left:5295.46px;white-space:nowrap">political
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7079.04px;left:5899.45px;white-space:nowrap">disruptions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7079.04px;left:6776.07px;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:7079.04px;left:7602.14px;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:7079.04px;left:7773.97px;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:7079.04px;left:8176.85px;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:7079.04px;left:8997.96px;white-space:nowrap">like
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7079.04px;left:9285.32px;letter-spacing:-1.97px;white-space:nowrap">China&#8217;s,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7079.04px;left:9878.27px;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:7271.04px;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:7271.04px;left:382.56px;white-space:nowrap">global
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7271.04px;left:877.27px;white-space:nowrap">negative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7271.04px;left:1538.06px;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:7271.04px;left:2279.17px;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:7271.04px;left:2593.41px;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:7271.04px;left:3129.57px;letter-spacing:-0.38px;white-space:nowrap">repercussions.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7271.04px;left:4187.48px;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:7271.04px;left:5117.7px;white-space:nowrap">instability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7271.04px;left:5837.05px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7271.04px;left:6008.88px;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:7271.04px;left:6557.04px;white-space:nowrap">countries,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7271.04px;left:7297.67px;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:7271.04px;left:7665.34px;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:7271.04px;left:7861.02px;white-space:nowrap">Afghanistan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7271.04px;left:8753.01px;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:7271.04px;left:9067.25px;white-space:nowrap">Syria,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7271.04px;left:9496.85px;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:7271.04px;left:9811.08px;white-space:nowrap">natural
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7463.04px;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:7463.04px;left:314.24px;letter-spacing:-0.21px;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:7463.04px;left:1375.03px;white-space:nowrap">disasters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7463.04px;left:2038.38px;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:7463.04px;left:2352.61px;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:7463.04px;left:2628.13px;letter-spacing:-0.41px;white-space:nowrap">spread
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7463.04px;left:3158.53px;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:7463.04px;left:3345.24px;white-space:nowrap">infectious
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7463.04px;left:4074.03px;white-space:nowrap">illnesses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7463.04px;left:4705.07px;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:7463.04px;left:4897.54px;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:7463.04px;left:5321.05px;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:7463.04px;left:5803.93px;white-space:nowrap">health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7463.04px;left:6289.84px;letter-spacing:-0.24px;white-space:nowrap">emergencies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7463.04px;left:7247.12px;white-space:nowrap">,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7463.04px;left:7336.08px;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:7463.04px;left:7973.03px;letter-spacing:-0.29px;white-space:nowrap">terrorist
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7463.04px;left:8570.61px;white-space:nowrap">attacks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7463.04px;left:9109.8px;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:7463.04px;left:9281.64px;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:7463.04px;left:9557.16px;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:7463.04px;left:10078.59px;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:7655.04px;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:7655.04px;left:314.24px;letter-spacing:-0.41px;white-space:nowrap">around
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7655.04px;left:862.55px;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:7655.04px;left:1138.07px;white-space:nowrap">world,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7655.04px;left:1626.7px;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:7655.04px;left:2388.29px;white-space:nowrap">tensions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7655.04px;left:3022.37px;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:7655.04px;left:3689.08px;white-space:nowrap">North
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7655.04px;left:4148.11px;letter-spacing:-0.48px;white-space:nowrap">Korea
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7655.04px;left:4610.51px;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:7655.04px;left:4924.75px;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:7655.04px;left:5200.26px;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:7655.04px;left:5721.7px;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:7655.04px;left:6201.53px;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:7655.04px;left:6515.77px;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:7655.04px;left:6791.29px;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:7655.04px;left:7729.99px;white-space:nowrap">community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7655.04px;left:8565.66px;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:7655.04px;left:9294.61px;letter-spacing:-0.36px;white-space:nowrap">growing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7655.04px;left:9922.6px;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:7847.04px;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:7847.04px;left:314.24px;white-space:nowrap">political
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7847.04px;left:918.23px;letter-spacing:-0.36px;white-space:nowrap">discord
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7847.04px;left:1487.02px;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:7847.04px;left:1658.85px;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:7847.04px;left:1934.37px;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:7847.04px;left:2455.81px;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:7847.04px;left:2980.12px;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:7847.04px;left:3255.64px;letter-spacing:-0.32px;white-space:nowrap">European
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7847.04px;left:3987.79px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7847.04px;left:4369.87px;white-space:nowrap">crisis,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7847.04px;left:4802.18px;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:7847.04px;left:5077.7px;letter-spacing:-0.32px;white-space:nowrap">response
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7847.04px;left:5768.25px;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:7847.04px;left:5954.97px;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:7847.04px;left:6230.48px;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:7847.04px;left:7169.19px;letter-spacing:-0.16px;white-space:nowrap">community&#8212;through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7847.04px;left:8727.73px;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:7847.04px;left:9468.84px;white-space:nowrap">sanctions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8039.04px;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:8039.04px;left:314.24px;white-space:nowrap">otherwise&#8212;further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8039.04px;left:1682.38px;white-space:nowrap">downgrade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8039.04px;left:2544.61px;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:8039.04px;left:2731.32px;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:8039.04px;left:3063.48px;letter-spacing:0.26px;white-space:nowrap">government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8039.04px;left:3978.99px;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:8039.04px;left:4731.3px;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:8039.04px;left:5006.82px;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:8039.04px;left:5576.09px;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:8039.04px;left:5747.93px;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:8039.04px;left:6023.45px;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:8039.04px;left:6355.61px;letter-spacing:-0.29px;white-space:nowrap">president
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8039.04px;left:7072.4px;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:8039.04px;left:7386.64px;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:8039.04px;left:7662.16px;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:8039.04px;left:8000.07px;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:8039.04px;left:9060.21px;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:8039.04px;left:9374.45px;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:8039.04px;left:9797.97px;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:8231.04px;left:0px;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:8231.04px;left:509.76px;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:8231.04px;left:850.71px;white-space:nowrap">adversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8231.04px;left:1567.82px;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:8231.04px;left:2006.38px;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:8231.04px;left:2281.9px;white-space:nowrap">global
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8231.04px;left:2776.61px;white-space:nowrap">economy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8231.04px;left:3479.32px;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:8231.04px;left:3793.56px;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:8231.04px;left:4069.08px;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:8231.04px;left:4673.39px;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:8231.04px;left:4987.63px;white-space:nowrap">issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8231.04px;left:5506.02px;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:8231.04px;left:5677.86px;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:8231.04px;left:6131.29px;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:8231.04px;left:6406.81px;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:8231.04px;left:6815.93px;white-space:nowrap">invests.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8231.04px;left:7387.76px;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:8231.04px;left:7924.24px;white-space:nowrap">examples
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8231.04px;left:8647.43px;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:8231.04px;left:8834.15px;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:8231.04px;left:9201.83px;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:8231.04px;left:9711.58px;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:8231.04px;left:10274.62px;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:8423.04px;left:0px;letter-spacing:-0.32px;white-space:nowrap">outbreak
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8423.04px;left:678.55px;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:8423.04px;left:865.27px;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:8423.04px;left:992.79px;white-space:nowrap">novel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8423.04px;left:1425.58px;letter-spacing:-0.24px;white-space:nowrap">coronavirus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8423.04px;left:2284.93px;white-space:nowrap">known
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8423.04px;left:2794.85px;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:8423.04px;left:2990.52px;white-space:nowrap">COVID-19
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8423.04px;left:3770.84px;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:8423.04px;left:4093.55px;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:8423.04px;left:4404.75px;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:8423.04px;left:4709.54px;white-space:nowrap">detected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8423.04px;left:5399.78px;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:8423.04px;left:5571.61px;white-space:nowrap">China
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8423.04px;left:6028.09px;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:8423.04px;left:6199.93px;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:8423.04px;left:6994.16px;white-space:nowrap">2019
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8423.04px;left:7394.48px;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:8423.04px;left:7708.72px;white-space:nowrap">heightened
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8423.04px;left:8573.99px;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:8423.04px;left:9258.63px;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:8423.04px;left:9996.22px;white-space:nowrap">North
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8615.04px;left:0px;letter-spacing:-2.58px;white-space:nowrap">Korea&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8615.04px;left:554.39px;white-space:nowrap">nuclear
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8615.04px;left:1117.43px;white-space:nowrap">weapons
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8615.04px;left:1799.18px;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:8615.04px;left:2113.42px;white-space:nowrap">long-range
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8615.04px;left:2943.01px;white-space:nowrap">ballistic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8615.04px;left:3520.28px;white-space:nowrap">missile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8615.04px;left:4041.55px;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:8615.04px;left:4811.78px;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:8615.04px;left:4987.46px;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:8615.04px;left:5668.73px;letter-spacing:-1.97px;white-space:nowrap">Russia&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8615.04px;left:6246.8px;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:8615.04px;left:6738.64px;white-space:nowrap">invasion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8615.04px;left:7361.03px;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:8615.04px;left:7547.75px;white-space:nowrap">Ukraine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8615.04px;left:8131.58px;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:8615.04px;left:8303.42px;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:8615.04px;left:8978.93px;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:8615.04px;left:9379.25px;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:8615.04px;left:9663.89px;letter-spacing:-0.32px;white-space:nowrap">resulted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8615.04px;left:10282.92px;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:8807.04px;left:0px;white-space:nowrap">sanctions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8807.04px;left:705.27px;white-space:nowrap">imposed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8807.04px;left:1371.98px;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:8807.04px;left:1591.34px;white-space:nowrap">several
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8807.04px;left:2133.57px;white-space:nowrap">nations,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8807.04px;left:2738.05px;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:8807.04px;left:3105.73px;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:8807.04px;left:3301.4px;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:8807.04px;left:3576.92px;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:8807.04px;left:4098.35px;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:8807.04px;left:4622.67px;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:8807.04px;left:5144.1px;white-space:nowrap">Kingdom,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8807.04px;left:5887.93px;letter-spacing:-0.32px;white-space:nowrap">European
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8807.04px;left:6620.09px;white-space:nowrap">Union
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8807.04px;left:7085.52px;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:8807.04px;left:7399.76px;white-space:nowrap">Canada.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8807.04px;left:8037.19px;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:8807.04px;left:8351.43px;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:8807.04px;left:8896.39px;white-space:nowrap">sanctions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8807.04px;left:9601.66px;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:8807.04px;left:9915.9px;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:8999.04px;left:0px;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:8999.04px;left:518.07px;white-space:nowrap">sanctions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8999.04px;left:1223.34px;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:8999.04px;left:1564.3px;white-space:nowrap">negatively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8999.04px;left:2340.61px;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:8999.04px;left:2870.84px;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:8999.04px;left:3398.03px;white-space:nowrap">sectors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8999.04px;left:3946.03px;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:8999.04px;left:4132.74px;letter-spacing:-1.97px;white-space:nowrap">Russia&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8999.04px;left:4710.82px;letter-spacing:-1.64px;white-space:nowrap">economy,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8999.04px;left:5443.29px;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:8999.04px;left:5727.6px;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:8999.04px;left:6056.56px;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:8999.04px;left:6397.52px;white-space:nowrap">negatively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8999.04px;left:7173.83px;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:8999.04px;left:7704.06px;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:8999.04px;left:7979.58px;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:8999.04px;left:8400.53px;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:8999.04px;left:8587.25px;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:8999.04px;left:8862.77px;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:8999.04px;left:9363.89px;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:9191.04px;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:9191.04px;left:322.71px;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:9191.04px;left:559.83px;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:9191.04px;left:841.27px;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:9191.04px;left:1223.83px;letter-spacing:-0.41px;white-space:nowrap">direct
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9191.04px;left:1673.9px;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:9191.04px;left:2373.41px;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:9191.04px;left:2565.89px;white-space:nowrap">Russia.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9191.04px;left:3096.44px;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:9191.04px;left:3567.8px;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:9191.04px;left:4077.56px;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:9191.04px;left:4519.15px;letter-spacing:-0.41px;white-space:nowrap">reduce
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9191.04px;left:5055.63px;white-space:nowrap">consumer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9191.04px;left:5796.58px;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:9191.04px;left:6433.85px;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:9191.04px;left:6626.33px;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:9191.04px;left:7367.44px;white-space:nowrap">output,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9191.04px;left:7933.19px;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:9191.04px;left:8365.51px;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:9191.04px;left:8537.35px;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:9191.04px;left:9073.5px;letter-spacing:-0.32px;white-space:nowrap">closure,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9191.04px;left:9669.17px;white-space:nowrap">travel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9383.04px;left:0px;letter-spacing:-0.22px;white-space:nowrap">restrictions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9383.04px;left:817.1px;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:9383.04px;left:1009.58px;white-space:nowrap">quarantines,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9383.04px;left:1931.01px;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:9383.04px;left:2245.25px;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:9383.04px;left:2944.44px;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:9383.04px;left:3327px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9383.04px;left:3454.52px;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:9383.04px;left:4218.83px;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:9383.04px;left:4749.06px;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:9383.04px;left:4977.38px;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:9383.04px;left:5252.9px;letter-spacing:-1.64px;white-space:nowrap">economy.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9383.04px;left:5985.37px;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:9383.04px;left:6456.73px;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:9383.04px;left:6966.48px;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:9383.04px;left:7408.08px;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:9383.04px;left:7737.03px;white-space:nowrap">impair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9383.04px;left:8228.54px;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:9383.04px;left:8504.06px;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:9383.04px;left:9368.84px;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:9383.04px;left:10213.47px;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:9575.04px;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:9575.04px;left:423.51px;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:9575.04px;left:1282.54px;white-space:nowrap">systems
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9575.04px;left:1887.01px;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:9575.04px;left:2302.05px;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:9575.04px;left:2755.48px;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:9575.04px;left:3031px;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:9575.04px;left:3532.12px;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:9575.04px;left:4068.43px;letter-spacing:-0.26px;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:9575.04px;left:4823.78px;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:9575.04px;left:5522.97px;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:9575.04px;left:5798.49px;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:9575.04px;left:6299.61px;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:9575.04px;left:7188.56px;letter-spacing:-2.93px;white-space:nowrap">rely,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9575.04px;left:7517.52px;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:9575.04px;left:7831.76px;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:9575.04px;left:8273.35px;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:9575.04px;left:9007.9px;white-space:nowrap">disrupt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9575.04px;left:9549.65px;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:9575.04px;left:9825.17px;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:9575.04px;left:10295.88px;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:9767.04px;left:0px;white-space:nowrap">employees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9767.04px;left:823.99px;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:9767.04px;left:1010.71px;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:9767.04px;left:1286.23px;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:9767.04px;left:1787.34px;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:9767.04px;left:2323.66px;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:9767.04px;left:3034.53px;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:9767.04px;left:3227px;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:9767.04px;left:3845.87px;white-space:nowrap">essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9767.04px;left:4506.5px;white-space:nowrap">tasks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9767.04px;left:4900.58px;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:9767.04px;left:5128.89px;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:9767.04px;left:5617.85px;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:9767.04px;left:5804.57px;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:9767.04px;left:6080.08px;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:10103.04px;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:10103.04px;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:10103.04px;left:723.36px;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:10103.04px;left:1117.59px;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:10103.04px;left:1399.03px;white-space:nowrap">know
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10103.04px;left:1819.98px;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:10103.04px;left:2134.22px;white-space:nowrap">cannot
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10103.04px;left:2664.78px;letter-spacing:-0.36px;white-space:nowrap">predict
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10103.04px;left:3212.61px;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:10103.04px;left:3556.44px;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:10103.04px;left:3920.92px;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:10103.04px;left:4196.44px;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:10103.04px;left:4904.27px;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:10103.04px;left:5508.58px;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:10103.04px;left:5849.53px;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:10103.04px;left:6080.73px;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:10103.04px;left:6706.01px;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:10103.04px;left:6925.36px;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:10103.04px;left:7358px;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:10103.04px;left:7867.76px;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:10103.04px;left:8181.99px;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:10103.04px;left:8457.51px;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:10103.04px;left:8970.15px;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:10103.04px;left:9156.86px;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:10103.04px;left:9589.5px;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:10103.04px;left:9903.74px;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:10295.04px;left:0px;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:10295.04px;left:509.76px;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:10295.04px;left:681.59px;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:10295.04px;left:957.11px;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:10295.04px;left:1419.19px;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:10295.04px;left:1647.5px;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:10295.04px;left:1923.02px;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:10295.04px;left:2255.18px;white-space:nowrap">economy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10295.04px;left:2957.89px;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:10295.04px;left:3272.13px;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:10295.04px;left:3979.96px;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:10295.04px;left:4628.75px;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:10295.04px;left:4942.99px;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:10295.04px;left:5352.11px;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:10295.04px;left:5693.07px;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:10295.04px;left:5924.27px;white-space:nowrap">adversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10295.04px;left:6641.38px;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:10295.04px;left:7266.65px;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:10295.04px;left:7486.01px;letter-spacing:-0.26px;white-space:nowrap">abrogation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10295.04px;left:8312.56px;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:10295.04px;left:8499.27px;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:10295.04px;left:9437.98px;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:10295.04px;left:10326.93px;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:10487.04px;left:0px;white-space:nowrap">national
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10487.04px;left:613.27px;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:10487.04px;left:962.87px;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:10487.04px;left:1416.3px;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:10487.04px;left:1798.86px;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:10487.04px;left:2382.53px;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:10487.04px;left:2658.05px;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:10487.04px;left:3194.2px;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:10487.04px;left:4064.91px;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:10487.04px;left:4236.75px;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:10487.04px;left:4690.19px;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:10487.04px;left:4965.7px;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:10487.04px;left:5374.82px;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:10487.04px;left:5715.78px;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:10487.04px;left:6219.45px;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:10487.04px;left:6699.29px;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:10487.04px;left:6886px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10487.04px;left:7161.52px;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:10487.04px;left:8008.87px;white-space:nowrap">national
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10487.04px;left:8622.14px;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:10487.04px;left:8936.38px;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:10487.04px;left:9875.09px;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:10679.04px;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:10679.04px;left:192.48px;letter-spacing:-0.36px;white-space:nowrap">enforce
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10679.04px;left:773.43px;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:10679.04px;left:1638.86px;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:10679.04px;left:1979.33px;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:10679.04px;left:2254.85px;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:10679.04px;left:2675.81px;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:10679.04px;left:3025.4px;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:10679.04px;left:3339.64px;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:10679.04px;left:4273.07px;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:10679.04px;left:4752.91px;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:10679.04px;left:4939.62px;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:10679.04px;left:5360.42px;white-space:nowrap">national
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10679.04px;left:5973.69px;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:10679.04px;left:6287.93px;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:10679.04px;left:7226.63px;letter-spacing:-0.21px;white-space:nowrap">organizations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10679.04px;left:8219.1px;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:10679.04px;left:8411.57px;white-space:nowrap">carry
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10679.04px;left:8799.57px;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:10679.04px;left:9081px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10679.04px;left:9356.52px;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:10679.04px;left:9836.35px;letter-spacing:-0.26px;white-space:nowrap">prescribed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10871.04px;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:10871.04px;left:192.48px;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:10871.04px;left:604.31px;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:10871.04px;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:10871.04px;left:1342.07px;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:10871.04px;left:1955.34px;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:10871.04px;left:2888.77px;letter-spacing:-0.29px;white-space:nowrap">revisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10871.04px;left:3546.52px;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:10871.04px;left:3733.24px;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:10871.04px;left:4165.88px;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:10871.04px;left:4515.47px;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:10871.04px;left:4829.71px;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:10871.04px;left:5718.66px;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:10871.04px;left:6172.1px;white-space:nowrap">dilute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10871.04px;left:6622.17px;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:10871.04px;left:6989.2px;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:10871.04px;left:7952.4px;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:10871.04px;left:8144.87px;text-rendering:optimizeLegibility;white-space:nowrap">conflicting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10871.04px;left:8929.98px;letter-spacing:-0.19px;white-space:nowrap">interpretation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10871.04px;left:9945.48px;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:11063.04px;left:0px;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:11063.04px;left:761.43px;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:11063.04px;left:948.14px;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:11063.04px;left:1223.66px;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:11063.04px;left:1644.62px;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:11063.04px;left:1994.21px;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:11063.04px;left:2308.45px;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:11399.04px;left:0px;letter-spacing:0.22px;white-space:nowrap">Governmental
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11399.04px;left:1063.67px;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:11399.04px;left:1377.91px;letter-spacing:0.15px;white-space:nowrap">quasi-governmental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11399.04px;left:2844.45px;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:11399.04px;left:3638.03px;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:11399.04px;left:3952.27px;letter-spacing:-0.26px;white-space:nowrap">regulators
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11399.04px;left:4713.38px;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:11399.04px;left:5557.69px;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:11399.04px;left:5833.21px;white-space:nowrap">world
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11399.04px;left:6277.36px;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:11399.04px;left:6659.91px;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:11399.04px;left:6831.75px;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:11399.04px;left:7107.27px;white-space:nowrap">past
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11399.04px;left:7453.83px;letter-spacing:-0.29px;white-space:nowrap">responded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11399.04px;left:8271.74px;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:11399.04px;left:8464.21px;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:11399.04px;left:8914.45px;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:11399.04px;left:9655.56px;white-space:nowrap">disruptions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11591.04px;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:11591.04px;left:340.47px;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:11591.04px;left:467.99px;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:11591.04px;left:983.34px;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:11591.04px;left:1170.06px;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:11591.04px;left:1934.37px;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:11591.04px;left:2331.48px;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:11591.04px;left:2645.72px;white-space:nowrap">monetary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11591.04px;left:3365.71px;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:11591.04px;left:3833.86px;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:11591.04px;left:4515.78px;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:11591.04px;left:5214.97px;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:11591.04px;left:5499.29px;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:11591.04px;left:5780.73px;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:11591.04px;left:6316.56px;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:11591.04px;left:6553.51px;letter-spacing:-0.41px;white-space:nowrap">direct
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11591.04px;left:7003.58px;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:11591.04px;left:7518.94px;white-space:nowrap">infusions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11591.04px;left:8185.65px;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:11591.04px;left:8505.48px;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:11591.04px;left:9368.03px;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:11591.04px;left:9705.95px;white-space:nowrap">monetary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11783.04px;left:0px;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:11783.04px;left:725.75px;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:11783.04px;left:1039.99px;white-space:nowrap">dramatically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11783.04px;left:1943.33px;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:11783.04px;left:2378.68px;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:11783.04px;left:2953.08px;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:11783.04px;left:3388.43px;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:11783.04px;left:3631.63px;white-space:nowrap">unexpected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11783.04px;left:4523.78px;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:11783.04px;left:4716.26px;white-space:nowrap">quick
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11783.04px;left:5140.09px;letter-spacing:-0.32px;white-space:nowrap">reversal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11783.04px;left:5732.57px;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:11783.04px;left:5919.28px;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:11783.04px;left:6351.92px;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:11783.04px;left:6982.95px;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:11783.04px;left:7175.42px;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:11783.04px;left:7450.94px;letter-spacing:-0.18px;white-space:nowrap">ineffectiveness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11783.04px;left:8541.49px;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:11783.04px;left:8728.21px;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:11783.04px;left:9160.84px;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:11783.04px;left:9791.88px;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:11975.04px;left:0px;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:11975.04px;left:628.32px;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:11975.04px;left:1264.78px;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:11975.04px;left:1436.62px;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:11975.04px;left:2144.45px;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:11975.04px;left:2793.24px;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:11975.04px;left:3246.67px;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:11975.04px;left:3688.27px;white-space:nowrap">adversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11975.04px;left:4405.38px;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:11975.04px;left:4843.94px;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:11975.04px;left:5119.45px;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:11975.04px;left:5620.57px;white-space:nowrap">investments. </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">98</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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Shareholder
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1871.68px;white-space:nowrap">Update
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:2984.16px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4235.41px;white-space:nowrap">(continued)</div></div> </div>
<div style="height:639.02px;left:0px;position:absolute;top:0px;transform:translate(36.000px,111.528px) 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,3.31px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:0px;left:0px;letter-spacing:-0.64px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:0px;left:785.23px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:0px;left:1072.11px;letter-spacing:-0.78px;white-space:nowrap">Market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:0px;left:1591.33px;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:-0.96px;left:1940.23px;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:-0.96px;left:2183.43px;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:-0.96px;left:3009.98px;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:-0.96px;left:3181.82px;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:-0.96px;left:3854.77px;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:-0.96px;left:4346.77px;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:-0.96px;left:4497.81px;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:-0.96px;left:5054.76px;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:-0.96px;left:5247.24px;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:-0.96px;left:6073.79px;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:-0.96px;left:6399.54px;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:-0.96px;left:7098.73px;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:-0.96px;left:7374.25px;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:-0.96px;left:8011.2px;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:-0.96px;left:8325.28px;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:-0.96px;left:8511.99px;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:-0.96px;left:8787.51px;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:-0.96px;left:9240.63px;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:-0.96px;left:9898.05px;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:191.04px;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:191.04px;left:322.71px;white-space:nowrap">you
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:191.04px;left:628.15px;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:191.04px;left:1131.83px;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:191.04px;left:1840.3px;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:191.04px;left:2332.29px;letter-spacing:-0.26px;white-space:nowrap">frequently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:191.04px;left:3096.61px;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:191.04px;left:3517.08px;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:191.04px;left:3697.72px;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:191.04px;left:3825.24px;white-space:nowrap">discount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:191.04px;left:4477.07px;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:191.04px;left:4669.54px;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:191.04px;left:5036.58px;letter-spacing:-5.73px;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:191.04px;left:5473.38px;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:191.04px;left:5716.57px;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:191.04px;left:6543.13px;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:191.04px;left:6714.96px;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:191.04px;left:7387.92px;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:191.04px;left:7879.91px;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:191.04px;left:8667.91px;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:191.04px;left:8884.38px;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:191.04px;left:9461.82px;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:383.04px;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:383.04px;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:383.04px;left:447.36px;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:383.04px;left:1155.19px;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:383.04px;left:1685.74px;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:383.04px;left:1905.1px;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:383.04px;left:2180.62px;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:383.04px;left:2678.69px;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:383.04px;left:3387.17px;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:383.04px;left:3879.16px;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:383.04px;left:4059.8px;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:383.04px;left:4353.4px;white-space:nowrap">point
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:383.04px;left:4770.99px;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:383.04px;left:4942.83px;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:383.04px;left:5304.1px;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:383.04px;left:5645.06px;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:383.04px;left:5876.26px;white-space:nowrap">worth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:383.04px;left:6326.33px;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:383.04px;left:6634.49px;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:383.04px;left:6993.04px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:383.04px;left:7351.6px;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:383.04px;left:7929.03px;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:383.04px;left:8800.06px;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:383.04px;left:9188.54px;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:383.04px;left:9558.61px;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:383.04px;left:10041.48px;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:575.04px;left:0px;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:575.04px;left:607.67px;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:575.04px;left:883.19px;letter-spacing:-0.22px;white-space:nowrap">reinvestment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:575.04px;left:1848.94px;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:575.04px;left:2035.66px;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:575.04px;left:2444.78px;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:575.04px;left:3182.53px;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:575.04px;left:3496.77px;white-space:nowrap">distributions.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:912px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.12px;white-space:nowrap">Legislation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:912px;left:745.7px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:912px;left:1032.58px;letter-spacing:-0.43px;white-space:nowrap">Regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:912px;left:1788.83px;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:911.04px;left:2173.91px;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:911.04px;left:2381.26px;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:911.04px;left:2674.86px;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:911.04px;left:3036.14px;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:911.04px;left:3406.21px;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:911.04px;left:3681.73px;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:911.04px;left:4049.08px;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:911.04px;left:4235.8px;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:911.04px;left:4528.91px;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:911.04px;left:5055.94px;white-space:nowrap">legislation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:5828.89px;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:911.04px;left:6021.37px;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:911.04px;left:6779.59px;letter-spacing:-0.24px;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:911.04px;left:7614.94px;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:911.04px;left:7955.9px;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:911.04px;left:8187.1px;white-space:nowrap">enacted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:8809.49px;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:9132.21px;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:911.04px;left:9573.8px;white-space:nowrap">negatively
</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:-0.41px;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:1103.04px;left:438.55px;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:1103.04px;left:714.07px;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:1103.04px;left:1188.15px;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:1103.04px;left:1374.86px;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:1103.04px;left:1650.38px;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:1103.04px;left:2103.98px;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:1103.04px;left:2811.81px;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:1103.04px;left:3170.37px;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:1103.04px;left:3389.72px;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:1103.04px;left:3665.24px;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:1103.04px;left:4074.36px;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:1103.04px;left:4266.84px;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:1103.04px;left:4542.35px;white-space:nowrap">issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1103.04px;left:5060.75px;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:1103.04px;left:5247.46px;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:1103.04px;left:5615.14px;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:1103.04px;left:6367.45px;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:1103.04px;left:6776.57px;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:1103.04px;left:7730.64px;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:1103.04px;left:8071.6px;white-space:nowrap">incur
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1103.04px;left:8462.63px;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:1103.04px;left:9188.71px;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:1103.04px;left:9594.62px;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:1103.04px;left:10252.05px;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:1295.04px;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:1295.04px;left:367.68px;white-space:nowrap">legislation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1295.04px;left:1140.63px;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:1295.04px;left:1333.1px;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:1295.04px;left:2091.33px;letter-spacing:-0.24px;white-space:nowrap">regulation.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1295.04px;left:2903px;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:1295.04px;left:3356.44px;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:1295.04px;left:3650.03px;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:1295.04px;left:3881.23px;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:1295.04px;left:4109.55px;white-space:nowrap">assurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1295.04px;left:4853.54px;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:1295.04px;left:5176.26px;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:1295.04px;left:5638.33px;white-space:nowrap">legislation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1295.04px;left:6455.76px;letter-spacing:-0.26px;white-space:nowrap">regulation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1295.04px;left:7222.95px;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:1295.04px;left:7415.43px;letter-spacing:-0.22px;white-space:nowrap">deregulation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1295.04px;left:8369.34px;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:1295.04px;left:8644.53px;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:1295.04px;left:8925.96px;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:1295.04px;left:9308.52px;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:1295.04px;left:9436.04px;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:1295.04px;left:10054.91px;white-space:nowrap">adverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1487.04px;left:0px;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:1487.04px;left:444.48px;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:1487.04px;left:672.79px;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:1487.04px;left:948.31px;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:1487.04px;left:1357.43px;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:1487.04px;left:1549.9px;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:1487.04px;left:1825.1px;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:1487.04px;left:2106.53px;white-space:nowrap">impair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1487.04px;left:2598.04px;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:1487.04px;left:2873.56px;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:1487.04px;left:3344.27px;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:1487.04px;left:3530.99px;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:1487.04px;left:3806.51px;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:1487.04px;left:4215.63px;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:1487.04px;left:4408.1px;white-space:nowrap">achieve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1487.04px;left:4995.14px;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:1487.04px;left:5199.29px;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:1487.04px;left:6025.84px;white-space:nowrap">objectives.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1824px;left:0px;letter-spacing:-0.83px;white-space:nowrap">Leverage
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1824px;left:625.39px;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:1823.04px;left:1010.47px;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:1823.04px;left:1324.71px;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:1823.04px;left:1615.27px;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:1823.04px;left:1801.98px;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:2462.78px;letter-spacing:-0.36px;white-space:nowrap">creates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:3016.85px;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:1823.04px;left:3553.16px;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:1823.04px;left:3902.6px;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:1823.04px;left:4142.43px;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:1823.04px;left:4815.38px;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:1823.04px;left:5813.93px;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:1823.04px;left:6513.13px;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:1823.04px;left:7194.23px;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:1823.04px;left:7768.63px;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:1823.04px;left:8091.34px;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:1823.04px;left:8440.77px;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:1823.04px;left:8755.01px;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:1823.04px;left:9030.53px;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:1823.04px;left:9771.16px;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:1823.04px;left:9957.87px;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:2015.04px;left:0px;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:2015.04px;left:636.46px;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:2015.04px;left:823.18px;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:2015.04px;left:1191.66px;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:2015.04px;left:1505.9px;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:2015.04px;left:2042.05px;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:2015.04px;left:2441.88px;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:2015.04px;left:2673.08px;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:2015.04px;left:2987.32px;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:2015.04px;left:3910.98px;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:2015.04px;left:4183.78px;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:2015.04px;left:4459.3px;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:2015.04px;left:5132.25px;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:2015.04px;left:5668.73px;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:5982.96px;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:2015.04px;left:6273.52px;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:2015.04px;left:6460.24px;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:2015.04px;left:7121.03px;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:2015.04px;left:7292.87px;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:2015.04px;left:7420.39px;white-space:nowrap">declining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2015.04px;left:8119.58px;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:2015.04px;left:8655.73px;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:2015.04px;left:8930.93px;white-space:nowrap">likely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2015.04px;left:9333.8px;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:2015.04px;left:9784.52px;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:2015.04px;left:9912.04px;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:2207.04px;left:0px;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:2207.04px;left:563.03px;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:2207.04px;left:734.87px;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:2207.04px;left:1010.39px;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:2207.04px;left:1511.51px;letter-spacing:-5.73px;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:2207.04px;left:1903.83px;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:2207.04px;left:2357.26px;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:2207.04px;left:2698.22px;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:2207.04px;left:3130.53px;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:2207.04px;left:3311.17px;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:2207.04px;left:3438.69px;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:2207.04px;left:3998.36px;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:2207.04px;left:4561.4px;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:2207.04px;left:4748.12px;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:2207.04px;left:5023.63px;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:2207.04px;left:5696.58px;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:2207.04px;left:6120.42px;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:2207.04px;left:6564.74px;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:2207.04px;left:6923.29px;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:2207.04px;left:7053.53px;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:2207.04px;left:7329.05px;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:2207.04px;left:7738.17px;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:2207.04px;left:8126.32px;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:2207.04px;left:8407.76px;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:2207.04px;left:8600.23px;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:2207.04px;left:8982.79px;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:2207.04px;left:9371.11px;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:44.48px;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:2543.04px;left:358.72px;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:2543.04px;left:767.84px;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:2543.04px;left:1043.03px;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:2543.04px;left:1345.43px;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:2543.04px;left:1701.26px;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:2543.04px;left:2374.22px;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:2543.04px;left:3328.29px;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:2543.04px;left:3603.48px;white-space:nowrap">bear)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:4012.43px;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:2543.04px;left:4306.03px;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:2543.04px;left:4711.95px;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:2543.04px;left:5026.18px;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:2543.04px;left:5737.7px;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:2543.04px;left:6321.05px;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:2543.04px;left:6513.53px;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:2543.04px;left:6789.05px;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:2543.04px;left:7290.16px;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:2543.04px;left:7580.72px;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:2543.04px;left:7767.44px;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:2543.04px;left:8472.71px;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:2543.04px;left:8926.15px;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:2543.04px;left:9201.34px;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:2543.04px;left:9633.65px;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:2543.04px;left:9805.49px;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:2543.04px;left:9933.01px;letter-spacing:-0.29px;white-space:nowrap">reduction
</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;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;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:2735.04px;left:447.36px;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:2735.04px;left:948.47px;letter-spacing:-5.73px;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:2735.04px;left:1340.79px;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:2735.04px;left:1655.03px;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:2735.04px;left:2481.58px;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:2735.04px;left:3077.09px;letter-spacing:-2.94px;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:2735.04px;left:3447.81px;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:2735.04px;left:3927.97px;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:2735.04px;left:4156.29px;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:2735.04px;left:4360.44px;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:2735.04px;left:5216.91px;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:2735.04px;left:5403.63px;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:2735.04px;left:5939.78px;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:2735.04px;left:6724.89px;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:2735.04px;left:7039.13px;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:2735.04px;left:7966.47px;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:2735.04px;left:8153.19px;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:2735.04px;left:8428.71px;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:2735.04px;left:8929.82px;white-space:nowrap">holdings,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:9632.06px;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:2735.04px;left:10260.37px;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:2927.04px;left:0px;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:2927.04px;left:687.68px;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:2927.04px;left:963.19px;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:2927.04px;left:1552.95px;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:2927.04px;left:1739.66px;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:2927.04px;left:2444.94px;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:2927.04px;left:2833.42px;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:2927.04px;left:3470.85px;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:2927.04px;left:3811.81px;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:2927.04px;left:4342.04px;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:2927.04px;left:4617.56px;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:2927.04px;left:5118.68px;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:2927.04px;left:6042.34px;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:2927.04px;left:6356.58px;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:2927.04px;left:6632.09px;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:2927.04px;left:7031.93px;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:2927.04px;left:7218.65px;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:2927.04px;left:7494.16px;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:8167.11px;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:2927.04px;left:8659.11px;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:2927.04px;left:8830.95px;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:2927.04px;left:9106.47px;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:2927.04px;left:9880.06px;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:3263.04px;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:3263.04px;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:3263.04px;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:3263.04px;left:1064.31px;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:3263.04px;left:1431.99px;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:3263.04px;left:1624.47px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3263.04px;left:2321.1px;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:3263.04px;left:2525.26px;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:3263.04px;left:3186.05px;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:3544.61px;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:3263.04px;left:3950.36px;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:3263.04px;left:4122.2px;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:3263.04px;left:4397.72px;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:3263.04px;left:5025.71px;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:3263.04px;left:5585.86px;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:3263.04px;left:5781.54px;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:3263.04px;left:6326.49px;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:3263.04px;left:6773.68px;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:3263.04px;left:6960.4px;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:7621.19px;letter-spacing:-0.41px;white-space:nowrap">mature
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3263.04px;left:8166.31px;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:3263.04px;left:8358.78px;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:3263.04px;left:8494.78px;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:3263.04px;left:8645.82px;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:3263.04px;left:9380.37px;white-space:nowrap">desirable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3263.04px;left:10079.4px;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:3455.04px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">refinance;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3455.04px;left:741.12px;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:3455.04px;left:1422.87px;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:3455.04px;left:1698.39px;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:3455.04px;left:2077.42px;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:3455.04px;left:2400.13px;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:3455.04px;left:2767.81px;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:3455.04px;left:3428.6px;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:3455.04px;left:3703.8px;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:3455.04px;left:4050.51px;white-space:nowrap">cannot
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3455.04px;left:4581.07px;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:3455.04px;left:4812.27px;letter-spacing:-0.29px;white-space:nowrap">predicted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3455.04px;left:5546.82px;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:3455.04px;left:5727.45px;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:3455.04px;left:6020.57px;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:3455.04px;left:6426.32px;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:3455.04px;left:6560.4px;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:3455.04px;left:6835.92px;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:3455.04px;left:7245.04px;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:3455.04px;left:7396.07px;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:3455.04px;left:7926.63px;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:3455.04px;left:8119.11px;letter-spacing:-0.36px;white-space:nowrap">replace
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3455.04px;left:8688.06px;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:3455.04px;left:9283.41px;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:3455.04px;left:9944.21px;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:3647.04px;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:3647.04px;left:894.87px;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:3647.04px;left:1386.38px;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:3647.04px;left:1590.53px;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:3647.04px;left:1996.45px;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:3647.04px;left:2183.16px;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:3647.04px;left:2843.96px;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:3647.04px;left:3119.15px;letter-spacing:-0.29px;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:3647.04px;left:3791.95px;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:3647.04px;left:4713.69px;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:3647.04px;left:5128.41px;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:3647.04px;left:5279.45px;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:3647.04px;left:5507.77px;white-space:nowrap">assurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3647.04px;left:6251.76px;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:3647.04px;left:6574.48px;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:3647.04px;left:6849.99px;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:3647.04px;left:7140.55px;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:3647.04px;left:7327.27px;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:3647.04px;left:7988.06px;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:3647.04px;left:8329.02px;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:3647.04px;left:8761.33px;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:3647.04px;left:8933.17px;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:3647.04px;left:9060.69px;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:3647.04px;left:9561.33px;white-space:nowrap">yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3647.04px;left:9946.44px;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:3647.04px;left:10138.92px;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:3839.04px;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:3839.04px;left:192.48px;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:3839.04px;left:865.43px;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:4175.04px;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:4175.04px;left:314.24px;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:4175.04px;left:903.99px;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:4175.04px;left:1090.71px;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:4175.04px;left:1428.63px;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:4175.04px;left:1790.06px;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:4175.04px;left:1982.54px;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:4175.04px;left:2258.05px;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:4175.04px;left:3084.6px;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:4175.04px;left:3635.64px;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:4175.04px;left:3949.88px;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:4175.04px;left:4225.39px;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:4175.04px;left:5084.58px;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:4175.04px;left:5324.42px;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:4175.04px;left:6150.97px;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:4175.04px;left:6785.04px;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:4175.04px;left:7389.51px;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:4175.04px;left:7664.7px;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:4175.04px;left:7895.9px;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:4175.04px;left:8396.54px;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:4175.04px;left:8526.77px;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:4175.04px;left:8802.29px;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:4175.04px;left:9211.41px;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:4175.04px;left:9570.13px;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:4367.04px;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:4367.04px;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:4367.04px;left:912.95px;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:4367.04px;left:1250.87px;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:4367.04px;left:1526.06px;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:4367.04px;left:1757.26px;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:4367.04px;left:2527.65px;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:4367.04px;left:3007.81px;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:4367.04px;left:3236.13px;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:4367.04px;left:3511.65px;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:4367.04px;left:4012.76px;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:4367.04px;left:4739.16px;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:4367.04px;left:5239.95px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4367.04px;left:5337.71px;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:4367.04px;left:5630.83px;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:4367.04px;left:5971.78px;letter-spacing:-0.41px;white-space:nowrap">create
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4367.04px;left:6457.7px;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:4367.04px;left:6674.18px;white-space:nowrap">incentive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4367.04px;left:7358.65px;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:4367.04px;left:7598.49px;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:4367.04px;left:7874px;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:4367.04px;left:8700.55px;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:4367.04px;left:9251.59px;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:4367.04px;left:9565.83px;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:4367.04px;left:9841.34px;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:4559.04px;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:4559.04px;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:4559.04px;left:743.51px;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:4559.04px;left:1404.3px;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:4559.04px;left:1679.82px;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:4559.04px;left:2088.94px;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:4559.04px;left:2281.41px;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:4559.04px;left:2909.73px;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:4559.04px;left:3185.25px;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:4559.04px;left:3686.36px;white-space:nowrap">leverage.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4896px;left:0px;letter-spacing:-0.78px;white-space:nowrap">Market
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4896px;left:519.22px;letter-spacing:-0.25px;white-space:nowrap">Discount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4896px;left:1137.27px;letter-spacing:-0.39px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4896px;left:1495.16px;letter-spacing:-0.27px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4896px;left:1771.64px;letter-spacing:-0.18px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4896px;left:2167.34px;letter-spacing:-1.26px;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:4895.04px;left:2652.89px;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:4895.04px;left:3165.69px;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:4895.04px;left:3352.4px;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:4895.04px;left:4191.12px;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:4895.04px;left:5017.67px;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:4895.04px;left:5835.74px;white-space:nowrap">like
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4895.04px;left:6123.09px;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:4895.04px;left:6398.61px;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:4895.04px;left:6807.73px;letter-spacing:-0.26px;white-space:nowrap">frequently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4895.04px;left:7572.04px;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:4895.04px;left:7992.51px;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:4895.04px;left:8173.15px;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:4895.04px;left:8641.15px;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:4895.04px;left:9076.5px;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:4895.04px;left:9435.05px;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:4895.04px;left:9802.09px;letter-spacing:-5.73px;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:4895.04px;left:10238.89px;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:5087.04px;left:0px;white-space:nowrap">characteristic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5087.04px;left:977.26px;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:5087.04px;left:1128.3px;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:5087.04px;left:1255.82px;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:5087.04px;left:1537.09px;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:5087.04px;left:2197.73px;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:5087.04px;left:2511.97px;white-space:nowrap">distinct
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5087.04px;left:3071.47px;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:5087.04px;left:3444.75px;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:5087.04px;left:3720.27px;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:5087.04px;left:4001.54px;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:5087.04px;left:4324.26px;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:5087.04px;left:4599.77px;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:5087.04px;left:5100.89px;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:5087.04px;left:5469.37px;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:5087.04px;left:5910.96px;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:5087.04px;left:6598.64px;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:5087.04px;left:6794.32px;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:5087.04px;left:6921.84px;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:5087.04px;left:7354.15px;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:5087.04px;left:7540.87px;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:5087.04px;left:8367.42px;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:5087.04px;left:9116.69px;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:5087.04px;left:9774.28px;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:5279.04px;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:5279.04px;left:275.19px;letter-spacing:-0.36px;white-space:nowrap">realize
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5279.04px;left:775.83px;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:5279.04px;left:1196.62px;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:5279.04px;left:1389.1px;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:5279.04px;left:1860.29px;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:5279.04px;left:2275.33px;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:5279.04px;left:2550.85px;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:5279.04px;left:2873.88px;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:5279.04px;left:3060.6px;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:5279.04px;left:3336.12px;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:5279.04px;left:4009.07px;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:5279.04px;left:4501.07px;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:5279.04px;left:4776.26px;white-space:nowrap">depend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5279.04px;left:5380.9px;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:5279.04px;left:5662.33px;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:5279.04px;left:6077.37px;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:5279.04px;left:6352.89px;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:5279.04px;left:6854px;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:5279.04px;left:7222.48px;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:5279.04px;left:7506.8px;letter-spacing:-0.32px;white-space:nowrap">entirely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5279.04px;left:8075.43px;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:5279.04px;left:8490.47px;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:5279.04px;left:9112.54px;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:5279.04px;left:9388.06px;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:5279.04px;left:9924.21px;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:5279.04px;left:10324.05px;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:5471.04px;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:5471.04px;left:275.52px;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:5471.04px;left:948.47px;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:5471.04px;left:1440.47px;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:5471.04px;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:5471.04px;left:1896.62px;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:5471.04px;left:2257.9px;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:5471.04px;left:2444.61px;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:5471.04px;left:2767.65px;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:5471.04px;left:2918.69px;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:5471.04px;left:3404.92px;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:5471.04px;left:3597.4px;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:5471.04px;left:4077.39px;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:5471.04px;left:4352.91px;letter-spacing:-1.61px;white-space:nowrap">investor&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5471.04px;left:5052.1px;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:5471.04px;left:5739.77px;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:5471.04px;left:6139.61px;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:5471.04px;left:6379.44px;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:5471.04px;left:6654.96px;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:5471.04px;left:7327.91px;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:5471.04px;left:7864.39px;white-space:nowrap">Furthermore,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5471.04px;left:8841.81px;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:5471.04px;left:9831.73px;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:5471.04px;left:10172.68px;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:5663.04px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">difficulty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5663.04px;left:645.75px;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:5663.04px;left:1282.7px;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:5663.04px;left:1558.22px;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:5663.04px;left:2059.34px;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:5663.04px;left:2885.89px;white-space:nowrap">objectives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5663.04px;left:3653.24px;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:5663.04px;left:3967.48px;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:5663.04px;left:4726.19px;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:5663.04px;left:4930.34px;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:5663.04px;left:5587.61px;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:5663.04px;left:6014.48px;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:5663.04px;left:6290px;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:5663.04px;left:7092.87px;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:5663.04px;left:7800.7px;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:5663.04px;left:8067.42px;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:5663.04px;left:8849.82px;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:5663.04px;left:9042.29px;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:5663.04px;left:9385.97px;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:5663.04px;left:9895.4px;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:5855.04px;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:5855.04px;left:186.72px;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:5855.04px;left:722.87px;letter-spacing:0.36px;white-space:nowrap">turmoil
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5855.04px;left:1273.42px;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:5855.04px;left:1587.65px;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:5855.04px;left:1783.33px;white-space:nowrap">investors&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5855.04px;left:2500.28px;letter-spacing:-0.24px;white-space:nowrap">perceptions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5855.04px;left:3389.07px;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:5855.04px;left:4126.66px;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:5855.04px;left:4965.37px;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:5855.04px;left:5401.05px;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:5855.04px;left:5593.53px;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:5855.04px;left:5960.56px;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:5855.04px;left:6763.43px;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:5855.04px;left:7658.14px;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:5855.04px;left:8271.9px;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:5855.04px;left:8912.37px;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:5855.04px;left:9187.89px;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:5855.04px;left:9724.04px;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:5855.04px;left:10123.88px;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:6047.04px;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:6047.04px;left:275.52px;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:6047.04px;left:948.47px;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:6047.04px;left:1440.47px;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:6047.04px;left:1715.66px;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:6047.04px;left:1946.86px;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:6047.04px;left:2826.53px;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:6047.04px;left:3045.88px;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:6047.04px;left:3567.15px;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:6047.04px;left:3934.83px;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:6047.04px;left:4130.51px;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:6047.04px;left:4693.22px;white-space:nowrap">supply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6047.04px;left:5205.86px;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:6047.04px;left:5392.57px;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:6047.04px;left:5706.81px;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:6047.04px;left:6344.09px;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:6047.04px;left:6583.92px;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:6047.04px;left:6859.44px;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:6047.04px;left:7532.39px;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:6047.04px;left:8024.39px;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:6047.04px;left:8196.23px;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:6047.04px;left:8471.74px;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:6047.04px;left:9052.38px;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:6047.04px;left:9636.05px;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:6047.04px;left:10172.2px;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:6239.04px;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:6239.04px;left:741.11px;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:6239.04px;left:1825.74px;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:6239.04px;left:2139.98px;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:6239.04px;left:2563.49px;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:6239.04px;left:3084.76px;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:6239.04px;left:3674.68px;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:6239.04px;left:3950.19px;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:6239.04px;left:4492.26px;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:6239.04px;left:4678.98px;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:6239.04px;left:4954.5px;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:6239.04px;left:5408.1px;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:6239.04px;left:5683.61px;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:6239.04px;left:6092.73px;white-space:nowrap">cannot
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6239.04px;left:6623.29px;letter-spacing:-0.36px;white-space:nowrap">predict
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6239.04px;left:7171.12px;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:6239.04px;left:7793.19px;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:6239.04px;left:8068.71px;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:6239.04px;left:8741.66px;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:6239.04px;left:9233.66px;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:6239.04px;left:9508.85px;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:6239.04px;left:9929.32px;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:6239.04px;left:10154.44px;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:6431.04px;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:6431.04px;left:192.48px;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:6431.04px;left:678.71px;letter-spacing:-5.73px;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:6431.04px;left:1071.03px;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:6431.04px;left:1385.27px;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:6431.04px;left:2058.22px;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:6431.04px;left:2550.22px;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:6431.04px;left:2816.94px;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:6431.04px;left:3528.13px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6431.04px;left:4188.28px;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:6431.04px;left:4428.11px;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:6431.04px;left:5180.26px;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:6431.04px;left:5900.09px;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:6431.04px;left:6214.32px;white-space:nowrap">you
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6431.04px;left:6519.76px;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:6431.04px;left:7041.35px;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:6431.04px;left:7322.79px;white-space:nowrap">view
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6431.04px;left:7687.27px;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:6431.04px;left:7962.78px;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:6431.04px;left:8371.9px;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:6431.04px;left:8567.58px;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:6431.04px;left:8695.1px;white-space:nowrap">vehicle
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6431.04px;left:9237.5px;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:6431.04px;left:9477.33px;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:6623.04px;left:0px;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:6623.04px;left:556.63px;white-space:nowrap">purposes.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6960px;left:0px;letter-spacing:-0.55px;white-space:nowrap">Recent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6960px;left:491.8px;letter-spacing:-0.78px;white-space:nowrap">Market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:6960px;left:1011.02px;text-rendering:optimizeLegibility;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:6959.04px;left:1909.53px;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:6959.04px;left:2487.12px;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:6959.04px;left:2673.84px;white-space:nowrap">unusually
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6959.04px;left:3379.27px;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:6959.04px;left:3737.83px;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:6959.04px;left:4366.14px;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:6959.04px;left:4902.29px;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:6959.04px;left:5538.76px;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:6959.04px;left:5853px;letter-spacing:-0.24px;white-space:nowrap">restrictive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6959.04px;left:6584.18px;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:6959.04px;left:7034.26px;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:6959.04px;left:7863.85px;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:6959.04px;left:8044.48px;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:6959.04px;left:8473.92px;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:6959.04px;left:9009.75px;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:6959.04px;left:9202.22px;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:6959.04px;left:9329.74px;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:7151.04px;left:0px;white-space:nowrap">sector
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7151.04px;left:479.83px;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:7151.04px;left:672.31px;white-space:nowrap">geographic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7151.04px;left:1534.54px;letter-spacing:-0.48px;white-space:nowrap">area,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7151.04px;left:1928.77px;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:7151.04px;left:2311.33px;letter-spacing:-0.32px;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:7151.04px;left:2983.96px;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:7151.04px;left:3155.8px;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:7151.04px;left:3431.32px;white-space:nowrap">past
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7151.04px;left:3777.88px;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:7151.04px;left:4092.11px;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:7151.04px;left:4433.07px;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:7151.04px;left:4664.27px;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:7151.04px;left:5378.5px;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:7151.04px;left:5570.98px;letter-spacing:-0.48px;white-space:nowrap">recur
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7151.04px;left:5973.85px;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:7151.04px;left:6145.69px;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:7151.04px;left:6421.21px;letter-spacing:-0.36px;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:7151.04px;left:6927.77px;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:7151.04px;left:7381.36px;white-space:nowrap">countries,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7151.04px;left:8121.99px;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:7151.04px;left:8821.18px;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:7151.04px;left:9096.7px;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:7151.04px;left:9618.13px;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:7343.04px;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:7343.04px;left:382.56px;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:7343.04px;left:1040.31px;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:7343.04px;left:1232.79px;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:7343.04px;left:1615.34px;white-space:nowrap">signaled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7343.04px;left:2261.26px;letter-spacing:-0.21px;white-space:nowrap">protectionist
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7343.04px;left:3202.84px;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:7343.04px;left:3623.31px;letter-spacing:-0.29px;white-space:nowrap">measures,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7343.04px;left:4385.07px;letter-spacing:-0.26px;white-space:nowrap">relaxation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7343.04px;left:5125.7px;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:7343.04px;left:5312.41px;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:7343.04px;left:5587.93px;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:7343.04px;left:6216.25px;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:7343.04px;left:6826.32px;letter-spacing:-0.24px;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:7343.04px;left:7661.67px;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:7343.04px;left:7984.38px;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:7343.04px;left:8645.01px;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:7343.04px;left:8920.52px;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:7343.04px;left:9548.84px;white-space:nowrap">crisis,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7343.04px;left:9981.15px;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:7535.04px;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:7535.04px;left:192.48px;letter-spacing:-0.26px;white-space:nowrap">reductions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7535.04px;left:983.51px;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:7535.04px;left:1175.98px;white-space:nowrap">corporate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7535.04px;left:1916.45px;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:7535.04px;left:2375.8px;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:7535.04px;left:2690.04px;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:7535.04px;left:3161.4px;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:7535.04px;left:3348.11px;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:7535.04px;left:3780.75px;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:7535.04px;left:4248.9px;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:7535.04px;left:4886.34px;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:7535.04px;left:5037.38px;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:7535.04px;left:5318.33px;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:7535.04px;left:6216.24px;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:7535.04px;left:6500.55px;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:7535.04px;left:6776.07px;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:7535.04px;left:7264.87px;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:7535.04px;left:7579.1px;white-space:nowrap">debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7535.04px;left:7961.18px;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:7535.04px;left:8565.49px;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:7535.04px;left:8906.45px;letter-spacing:-0.48px;white-space:nowrap">react
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7535.04px;left:9303.4px;letter-spacing:-0.32px;white-space:nowrap">strongly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7535.04px;left:9916.51px;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:7727.04px;left:0px;white-space:nowrap">expectations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7727.04px;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:7727.04px;left:1140.78px;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:7727.04px;left:1754.54px;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:7727.04px;left:2207.98px;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:7727.04px;left:2649.57px;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:7727.04px;left:3277.89px;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:7727.04px;left:3944.11px;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:7727.04px;left:4770.18px;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:7727.04px;left:4900.41px;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:7727.04px;left:5027.93px;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:7727.04px;left:5685.36px;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:7727.04px;left:6153.52px;white-space:nowrap">runs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7727.04px;left:6497.19px;white-space:nowrap">counter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7727.04px;left:7086.78px;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:7727.04px;left:7279.26px;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:7727.04px;left:7554.78px;letter-spacing:-1.97px;white-space:nowrap">market&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7727.04px;left:8182.93px;white-space:nowrap">expectations.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7727.04px;left:9181.48px;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:7727.04px;left:9495.72px;white-space:nowrap">outcome
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7727.04px;left:10174.43px;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:7919.04px;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:7919.04px;left:367.68px;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:7919.04px;left:1005.11px;white-space:nowrap">cannot
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7919.04px;left:1535.67px;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:7919.04px;left:1766.87px;letter-spacing:-0.32px;white-space:nowrap">foreseen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7919.04px;left:2427.82px;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:7919.04px;left:2608.46px;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:7919.04px;left:2883.98px;letter-spacing:-0.36px;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:7919.04px;left:3464.61px;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:7919.04px;left:3870.37px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7919.04px;left:4046.04px;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:7919.04px;left:4727.31px;white-space:nowrap">geopolitical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7919.04px;left:5612.9px;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:7919.04px;left:5927.14px;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:7919.04px;left:6350.65px;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:7919.04px;left:6744.56px;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:7919.04px;left:7443.75px;letter-spacing:-0.21px;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:7919.04px;left:8504.54px;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:7919.04px;left:8818.78px;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:7919.04px;left:9301.66px;white-space:nowrap">health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7919.04px;left:9787.57px;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:7919.04px;left:10181.48px;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:8111.04px;left:0px;white-space:nowrap">add
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8111.04px;left:323.04px;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:8111.04px;left:515.51px;white-space:nowrap">instability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8111.04px;left:1234.86px;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:8111.04px;left:1406.7px;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:8111.04px;left:1682.21px;white-space:nowrap">world
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8111.04px;left:2126.36px;white-space:nowrap">economy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8111.04px;left:2829.08px;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:8111.04px;left:3143.32px;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:8111.04px;left:3747.63px;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:8111.04px;left:4476.58px;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:8111.04px;left:4698.98px;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:8111.04px;left:4826.5px;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:8111.04px;left:5258.81px;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:8111.04px;left:5445.53px;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:8111.04px;left:6325.52px;letter-spacing:-0.19px;white-space:nowrap">interconnected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8111.04px;left:7445.51px;white-space:nowrap">global
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8111.04px;left:7940.22px;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:8111.04px;left:8761.33px;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:8111.04px;left:9075.57px;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:8111.04px;left:9703.88px;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:8111.04px;left:10352.67px;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:8303.04px;left:0px;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:8303.04px;left:420.96px;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:8303.04px;left:735.2px;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:8303.04px;left:1347.98px;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:8303.04px;left:1534.7px;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:8303.04px;left:1810.22px;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:8303.04px;left:2311.34px;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:8303.04px;left:3206.04px;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:8303.04px;left:3547px;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:8303.04px;left:3778.2px;white-space:nowrap">negatively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8303.04px;left:4554.51px;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:8303.04px;left:5179.79px;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:8303.04px;left:5399.14px;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:8303.04px;left:5908.9px;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:8303.04px;left:6664.25px;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:8303.04px;left:6791.77px;white-space:nowrap">country
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8303.04px;left:7369.52px;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:8303.04px;left:7561.99px;letter-spacing:-0.36px;white-space:nowrap">region,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8303.04px;left:8110.15px;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:8303.04px;left:8886.3px;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:8303.04px;left:9073.02px;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:8303.04px;left:9695.09px;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:8303.04px;left:9970.61px;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:8495.04px;left:0px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8495.04px;left:527.35px;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:8495.04px;left:699.19px;white-space:nowrap">issuers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8495.04px;left:1217.59px;white-space:nowrap">located
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8495.04px;left:1795.34px;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:8495.04px;left:1967.18px;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:8495.04px;left:2159.65px;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:8495.04px;left:2500.12px;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:8495.04px;left:3264.43px;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:8495.04px;left:3963.95px;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:8495.04px;left:4156.42px;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:8495.04px;left:4524.1px;white-space:nowrap">country
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8495.04px;left:5101.85px;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:8495.04px;left:5294.33px;letter-spacing:-0.36px;white-space:nowrap">region.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8831.04px;left:0px;white-space:nowrap">Ukraine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8831.04px;left:583.83px;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:8831.04px;left:868.47px;white-space:nowrap">experienced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8831.04px;left:1799.02px;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:8831.04px;left:2445.1px;white-space:nowrap">military
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8831.04px;left:3007.48px;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:8831.04px;left:3611.95px;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:8831.04px;left:4008.91px;letter-spacing:-0.32px;white-space:nowrap">recently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8831.04px;left:4616.26px;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:8831.04px;left:4788.1px;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:8831.04px;left:5463.61px;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:8831.04px;left:5863.93px;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:8831.04px;left:6290.81px;white-space:nowrap">Russia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8831.04px;left:6776.88px;white-space:nowrap">invaded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8831.04px;left:7393.36px;white-space:nowrap">Ukraine;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8831.04px;left:8021.67px;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:8831.04px;left:8314.79px;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:8831.04px;left:8874.78px;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:8831.04px;left:9215.73px;white-space:nowrap">expand
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8831.04px;left:9793.81px;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:8831.04px;left:10108.05px;white-space:nowrap">military
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9023.04px;left:0px;white-space:nowrap">attacks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9023.04px;left:539.19px;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:9023.04px;left:980.79px;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:9023.04px;left:1416.46px;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:9023.04px;left:2178.05px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9023.04px;left:2349.89px;letter-spacing:-0.36px;white-space:nowrap">Europe.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9023.04px;left:2954.53px;letter-spacing:-0.41px;white-space:nowrap">Europe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9023.04px;left:3514.68px;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:9023.04px;left:3799.32px;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:9023.04px;left:4128.27px;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:9023.04px;left:4537.39px;white-space:nowrap">struggling
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9023.04px;left:5304.26px;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:9023.04px;left:5644.73px;white-space:nowrap">mass
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9023.04px;left:6044.89px;white-space:nowrap">migration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9023.04px;left:6773.36px;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:9023.04px;left:7146.63px;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:9023.04px;left:7422.15px;white-space:nowrap">Middle
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9023.04px;left:7970.3px;white-space:nowrap">East
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9023.04px;left:8313.98px;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:9023.04px;left:8628.22px;white-space:nowrap">Africa.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9023.04px;left:9125.97px;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:9023.04px;left:9440.21px;white-space:nowrap">ultimate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9023.04px;left:10065px;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:9215.04px;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:9215.04px;left:186.72px;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:9215.04px;left:619.35px;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:9215.04px;left:1129.11px;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:9215.04px;left:1443.35px;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:9215.04px;left:1866.86px;white-space:nowrap">socio-political
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9215.04px;left:2897.56px;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:9215.04px;left:3090.03px;white-space:nowrap">geographical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9215.04px;left:4073.7px;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:9215.04px;left:4538.98px;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:9215.04px;left:4805.7px;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:9215.04px;left:5087.13px;white-space:nowrap">known
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9215.04px;left:5597.05px;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:9215.04px;left:5881.36px;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:9215.04px;left:6322.96px;letter-spacing:-0.26px;white-space:nowrap">profoundly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9215.04px;left:7143.75px;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:9215.04px;left:7582.3px;white-space:nowrap">global
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9215.04px;left:8077.01px;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:9215.04px;left:8898.12px;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:9215.04px;left:9212.36px;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:9551.04px;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:9551.04px;left:314.24px;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:9551.04px;left:960.31px;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:9551.04px;left:1380.78px;white-space:nowrap">war
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9551.04px;left:1676.94px;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:9551.04px;left:2343.65px;white-space:nowrap">China
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9551.04px;left:2800.13px;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:9551.04px;left:3114.37px;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:9551.04px;left:3389.89px;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:9551.04px;left:3911.32px;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:9551.04px;left:4435.63px;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:9551.04px;left:5134.82px;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:9551.04px;left:5410.34px;white-space:nowrap">imposition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9551.04px;left:6204.09px;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:9551.04px;left:6390.8px;letter-spacing:-0.36px;white-space:nowrap">tariffs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9551.04px;left:6822.95px;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:9551.04px;left:7042.31px;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:9551.04px;left:7424.87px;white-space:nowrap">country
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9551.04px;left:8002.62px;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:9551.04px;left:8230.94px;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:9551.04px;left:8506.46px;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:9551.04px;left:8929.97px;letter-spacing:-1.78px;white-space:nowrap">country&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9551.04px;left:9599.72px;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:9551.04px;left:10316.67px;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:9743.04px;left:0px;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:9743.04px;left:583.67px;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:9743.04px;left:711.19px;white-space:nowrap">tense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9743.04px;left:1143.83px;white-space:nowrap">political
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9743.04px;left:1747.82px;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:9743.04px;left:2731.65px;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:9743.04px;left:3203.01px;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:9743.04px;left:3751.16px;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:9743.04px;left:4092.11px;white-space:nowrap">trigger
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9743.04px;left:4618.82px;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:9743.04px;left:4746.34px;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:9743.04px;left:5510.65px;letter-spacing:-0.29px;white-space:nowrap">reduction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9743.04px;left:6233.52px;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:9743.04px;left:6405.36px;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:9743.04px;left:7344.06px;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:9743.04px;left:7809.02px;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:9743.04px;left:8084.54px;white-space:nowrap">oversupply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9743.04px;left:8911.25px;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:9743.04px;left:9097.96px;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:9743.04px;left:9625.15px;letter-spacing:-0.22px;white-space:nowrap">manufactured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9935.04px;left:0px;white-space:nowrap">goods,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9935.04px;left:542.39px;white-space:nowrap">substantial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9935.04px;left:1347.98px;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:9935.04px;left:1747.81px;letter-spacing:-0.26px;white-space:nowrap">reductions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9935.04px;left:2538.85px;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:9935.04px;left:2725.56px;white-space:nowrap">goods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9935.04px;left:3223.47px;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:9935.04px;left:3537.71px;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:9935.04px;left:4174.66px;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:9935.04px;left:4654.5px;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:9935.04px;left:4841.21px;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:9935.04px;left:5572.88px;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:9935.04px;left:6390.95px;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:9935.04px;left:6912.39px;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:9935.04px;left:7315.26px;white-space:nowrap">segments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9935.04px;left:8050.14px;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:9935.04px;left:8236.85px;letter-spacing:-2.22px;white-space:nowrap">China&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9935.04px;left:8785.33px;white-space:nowrap">export
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9935.04px;left:9294.76px;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:9935.04px;left:9934.59px;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:10127.04px;left:0px;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:10127.04px;left:441.59px;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:10127.04px;left:824.15px;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:10127.04px;left:951.67px;white-space:nowrap">negative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10127.04px;left:1612.47px;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:10127.04px;left:2142.7px;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:10127.04px;left:2371.02px;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:10127.04px;left:2646.53px;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:10127.04px;left:3147.65px;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:10127.04px;left:4149.08px;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:10127.04px;left:4481.24px;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:10127.04px;left:5299.31px;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:10127.04px;left:5622.02px;letter-spacing:-0.41px;white-space:nowrap">source
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10127.04px;left:6134.82px;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:10127.04px;left:6753.69px;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:10127.04px;left:7067.92px;white-space:nowrap">goods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10127.04px;left:7565.84px;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:10127.04px;left:7939.11px;white-space:nowrap">China
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10127.04px;left:8395.59px;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:10127.04px;left:8709.83px;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:10127.04px;left:9148.38px;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:10127.04px;left:9471.1px;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:10127.04px;left:9901.01px;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:10319.04px;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:10319.04px;left:657.91px;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:10319.04px;left:844.63px;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:10319.04px;left:1235.83px;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:10319.04px;left:1407.66px;white-space:nowrap">China
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10319.04px;left:1864.14px;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:10319.04px;left:2344.13px;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:10319.04px;left:2575.33px;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:10319.04px;left:3401.4px;white-space:nowrap">vulnerable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10319.04px;left:4189.55px;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:10319.04px;left:4382.02px;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:10319.04px;left:4598.5px;white-space:nowrap">escalation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10319.04px;left:5357.05px;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:10319.04px;left:5543.77px;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:10319.04px;left:5964.24px;white-space:nowrap">tensions.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10319.04px;left:6642.8px;white-space:nowrap">Uncertainty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10319.04px;left:7498.94px;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:10319.04px;left:8236.54px;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:10319.04px;left:8512.05px;white-space:nowrap">outcome
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10319.04px;left:9190.76px;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:10319.04px;left:9377.48px;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:10319.04px;left:9653px;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:10511.04px;left:0px;white-space:nowrap">tensions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10511.04px;left:634.07px;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:10511.04px;left:948.31px;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:10511.04px;left:1223.83px;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:10511.04px;left:1904.94px;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:10511.04px;left:2144.77px;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:10511.04px;left:2272.29px;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:10511.04px;left:2692.76px;white-space:nowrap">war
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10511.04px;left:2988.92px;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:10511.04px;left:3430.51px;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:10511.04px;left:3881.23px;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:10511.04px;left:4156.75px;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:10511.04px;left:4488.91px;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:10511.04px;left:4938.98px;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:10511.04px;left:5131.45px;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:10511.04px;left:5694.49px;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:10511.04px;left:6251.44px;white-space:nowrap">safe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10511.04px;left:6583.44px;white-space:nowrap">haven
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10511.04px;left:7054.96px;letter-spacing:-0.24px;white-space:nowrap">currencies,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10511.04px;left:7863.91px;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:10511.04px;left:8231.59px;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:10511.04px;left:8427.27px;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:10511.04px;left:8702.78px;white-space:nowrap">Japanese
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10511.04px;left:9423.26px;white-space:nowrap">yen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10511.04px;left:9722.78px;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:10511.04px;left:10037.02px;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:10703.04px;left:0px;letter-spacing:-0.48px;white-space:nowrap">euro.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10703.04px;left:412px;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:10703.04px;left:927.67px;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:10703.04px;left:1295.35px;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:10703.04px;left:1491.03px;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:10703.04px;left:1923.66px;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:10703.04px;left:2237.9px;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:10703.04px;left:2604.94px;white-space:nowrap">consequences
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10703.04px;left:3666.37px;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:10703.04px;left:3933.09px;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:10703.04px;left:4501.72px;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:10703.04px;left:4694.19px;letter-spacing:-0.36px;white-space:nowrap">predict
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10703.04px;left:5242.03px;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:10703.04px;left:5556.26px;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:10703.04px;left:5692.26px;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:10703.04px;left:5843.3px;white-space:nowrap">unclear
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10703.04px;left:6406.33px;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:10703.04px;left:7028.41px;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:10703.04px;left:7546.48px;letter-spacing:-0.36px;white-space:nowrap">tariffs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10703.04px;left:7978.63px;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:10703.04px;left:8319.58px;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:10703.04px;left:8550.78px;white-space:nowrap">imposed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10703.04px;left:9217.5px;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:10703.04px;left:9409.97px;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:10703.04px;left:9833.48px;white-space:nowrap">escalating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10895.04px;left:0px;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:10895.04px;left:548.15px;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:10895.04px;left:889.11px;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:10895.04px;left:1120.31px;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:10895.04px;left:1555.98px;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:10895.04px;left:1727.82px;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:10895.04px;left:2003.34px;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:11231.04px;left:0px;white-space:nowrap">Recently
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11231.04px;left:651.99px;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:11231.04px;left:927.51px;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:11231.04px;left:1259.67px;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:11231.04px;left:1843.34px;white-space:nowrap">Reserve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11231.04px;left:2447.98px;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:11231.04px;left:2765.09px;white-space:nowrap">&#8220;Fed&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11231.04px;left:3292.93px;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:11231.04px;left:3577.57px;white-space:nowrap">sharply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11231.04px;left:4128.6px;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:11231.04px;left:4602.51px;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:11231.04px;left:5176.91px;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:11231.04px;left:5567.78px;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:11231.04px;left:5882.02px;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:11231.04px;left:6166.66px;white-space:nowrap">signaled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11231.04px;left:6812.57px;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:11231.04px;left:7029.05px;white-space:nowrap">intention
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11231.04px;left:7707.28px;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:11231.04px;left:7899.76px;white-space:nowrap">continue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11231.04px;left:8563.59px;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:11231.04px;left:8756.06px;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:11231.04px;left:8993.18px;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:11231.04px;left:9200.7px;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:11231.04px;left:9553.01px;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:11423.04px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">inflation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11423.04px;left:616.15px;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:11423.04px;left:1060.63px;letter-spacing:-0.32px;white-space:nowrap">re-align
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11423.04px;left:1644.14px;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:11423.04px;left:1984.61px;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:11423.04px;left:2260.13px;letter-spacing:-2.96px;white-space:nowrap">Fed&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11423.04px;left:2672.29px;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:11423.04px;left:3424.43px;text-rendering:optimizeLegibility;white-space:nowrap">inflation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11423.04px;left:4040.58px;letter-spacing:-0.36px;white-space:nowrap">target.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11423.04px;left:4555.78px;white-space:nowrap">&#160;Changing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11423.04px;left:5341.21px;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:11423.04px;left:5915.6px;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:11423.04px;left:6238.32px;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:11423.04px;left:7245.83px;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:11423.04px;left:7776.06px;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:11423.04px;left:8051.58px;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:11423.04px;left:8599.73px;white-space:nowrap">sectors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11423.04px;left:9147.72px;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:11423.04px;left:9334.44px;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:11423.04px;left:9609.95px;white-space:nowrap">economy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11423.04px;left:10312.67px;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:11615.04px;left:0px;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:11615.04px;left:642.71px;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:11615.04px;left:1075.51px;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:11615.04px;left:1356.94px;white-space:nowrap">example,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11615.04px;left:2056.46px;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:11615.04px;left:2228.3px;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:11615.04px;left:2714.53px;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:11615.04px;left:3159.33px;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:11615.04px;left:3434.85px;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:11615.04px;left:4018.53px;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:11615.04px;left:4622.84px;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:11615.04px;left:5346.83px;white-space:nowrap">Corporation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11615.04px;left:6256.09px;white-space:nowrap">(&quot;FDIC&quot;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11615.04px;left:6912.25px;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:11615.04px;left:7223.44px;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:11615.04px;left:8008.55px;letter-spacing:-0.32px;white-space:nowrap">receiver
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11615.04px;left:8615.91px;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:11615.04px;left:8855.74px;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:11615.04px;left:9238.3px;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:11615.04px;left:9425.02px;white-space:nowrap">Silicon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11615.04px;left:9934.61px;letter-spacing:-1.26px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11807.04px;left:0px;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:11807.04px;left:394.4px;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:11807.04px;left:708.64px;letter-spacing:-0.29px;white-space:nowrap">Signature
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11807.04px;left:1431.51px;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:11807.04px;left:1870.39px;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:11807.04px;left:2145.9px;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:11807.04px;left:2759.5px;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:11807.04px;left:3073.74px;letter-spacing:-0.41px;white-space:nowrap">third-largest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11807.04px;left:3979.64px;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:11807.04px;left:4371px;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:11807.04px;left:4918.99px;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:11807.04px;left:5090.83px;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:11807.04px;left:5422.99px;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:11807.04px;left:5970.98px;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:11807.04px;left:6424.41px;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:11807.04px;left:6972.41px;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:11807.04px;left:7313.36px;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:11807.04px;left:7544.56px;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:11807.04px;left:8462.31px;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:11807.04px;left:8634.15px;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:11807.04px;left:9010.14px;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:11807.04px;left:9202.61px;white-space:nowrap">rising
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11807.04px;left:9631.89px;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:11807.04px;left:10206.28px;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:11999.04px;left:0px;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:11999.04px;left:394.4px;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:11999.04px;left:942.39px;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:11999.04px;left:1283.35px;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:11999.04px;left:1665.91px;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:11999.04px;left:1793.43px;white-space:nowrap">destabilizing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11999.04px;left:2735.17px;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:11999.04px;left:3265.4px;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:11999.04px;left:3493.72px;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:11999.04px;left:3769.24px;letter-spacing:-0.36px;white-space:nowrap">broader
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11999.04px;left:4379.47px;white-space:nowrap">banking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11999.04px;left:4995.94px;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:11999.04px;left:5606.02px;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:11999.04px;left:5798.49px;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:11999.04px;left:6402.8px;letter-spacing:-1.47px;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:12335.04px;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:12335.04px;left:314.24px;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:12335.04px;left:844.47px;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:12335.04px;left:1031.19px;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:12335.04px;left:1463.82px;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:12335.04px;left:2527.65px;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:12335.04px;left:2699.49px;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:12335.04px;left:2975.01px;letter-spacing:-1.47px;white-space:nowrap">near-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12335.04px;left:3378.04px;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:12335.04px;left:3692.28px;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:12335.04px;left:4444.43px;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:12335.04px;left:4595.47px;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:12335.04px;left:5283.3px;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:12335.04px;left:5597.54px;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:12335.04px;left:6039.13px;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:12335.04px;left:6421.69px;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:12335.04px;left:7179.92px;white-space:nowrap">adverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12335.04px;left:7781.51px;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:12335.04px;left:8294.15px;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:12335.04px;left:8522.47px;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:12335.04px;left:9388.06px;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:12335.04px;left:10016.37px;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:12527.04px;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:12527.04px;left:314.24px;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:12527.04px;left:720.15px;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:12527.04px;left:1478.7px;letter-spacing:-0.41px;white-space:nowrap">around
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12527.04px;left:2027.02px;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:12527.04px;left:2302.54px;white-space:nowrap">world. </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">99</div></div> </div>
<div style="height:637.17px;left:0px;position:absolute;top:0px;transform:translate(36.000px,111.528px) 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,3.31px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:0px;left:0px;letter-spacing:-0.82px;white-space:nowrap">Reverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:0px;left:557.73px;letter-spacing:-0.42px;white-space:nowrap">Repurchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:0px;left:1364.69px;letter-spacing:-0.33px;white-space:nowrap">Agreement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:0px;left:2140.39px;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:-0.96px;left:2489.3px;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:-0.96px;left:2643.54px;letter-spacing:-0.36px;white-space:nowrap">reverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:-0.96px;left:3203.53px;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:-0.96px;left:4030.41px;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:-0.96px;left:4895.68px;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:-0.96px;left:5067.52px;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:-0.96px;left:5808.63px;white-space:nowrap">essence,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:-0.96px;left:6466.87px;white-space:nowrap">constitutes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:-0.96px;left:7284.29px;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:-0.96px;left:7411.81px;white-space:nowrap">securitized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:-0.96px;left:8217.4px;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:-0.96px;left:8993.39px;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:-0.96px;left:9212.74px;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:-0.96px;left:9488.26px;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:-0.96px;left:9897.38px;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:191.04px;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:191.04px;left:275.52px;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:191.04px;left:864.95px;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:191.04px;left:1635.5px;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:191.04px;left:1949.74px;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:191.04px;left:2358.86px;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:191.04px;left:2699.82px;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:191.04px;left:3117.41px;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:191.04px;left:3437.25px;letter-spacing:-0.36px;white-space:nowrap">reverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:191.04px;left:3997.24px;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:191.04px;left:4824.12px;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:191.04px;left:5713.07px;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:191.04px;left:5952.9px;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:191.04px;left:6228.42px;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:191.04px;left:6862.49px;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:191.04px;left:7049.21px;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:191.04px;left:7671.28px;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:191.04px;left:7798.8px;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:191.04px;left:8557.35px;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:191.04px;left:9383.9px;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:191.04px;left:10083.42px;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:383.04px;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:383.04px;left:195.68px;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:383.04px;left:607.84px;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:383.04px;left:974.87px;white-space:nowrap">usage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:383.04px;left:1446.23px;white-space:nowrap">involves
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:383.04px;left:2062.7px;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:383.04px;left:2838.85px;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:383.04px;left:3114.37px;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:383.04px;left:3535.32px;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:383.04px;left:3884.76px;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:383.04px;left:4681.87px;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:383.04px;left:5022.34px;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:383.04px;left:5149.86px;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:383.04px;left:5946.81px;white-space:nowrap">strategy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:383.04px;left:6565.68px;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:383.04px;left:7264.87px;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:383.04px;left:7670.95px;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:383.04px;left:7946.47px;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:383.04px;left:8654.78px;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:383.04px;left:9028.05px;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:383.04px;left:9460.69px;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:575.04px;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:575.04px;left:340.96px;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:575.04px;left:572.16px;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:575.04px;left:1218.07px;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:575.04px;left:1389.91px;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:575.04px;left:2148.13px;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:575.04px;left:2805.4px;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:575.04px;left:3557.71px;white-space:nowrap">Reverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:575.04px;left:4162.34px;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:575.04px;left:4989.22px;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:575.04px;left:5878.17px;white-space:nowrap">tend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:575.04px;left:6251.45px;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:575.04px;left:6443.92px;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:575.04px;left:6675.12px;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:575.04px;left:7465.5px;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:575.04px;left:7637.34px;letter-spacing:-2.1px;white-space:nowrap">tenor,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:575.04px;left:8090.62px;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:575.04px;left:8404.85px;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:575.04px;left:8819.57px;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:575.04px;left:9113.17px;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:575.04px;left:9344.37px;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:575.04px;left:9572.69px;white-space:nowrap">assurances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:767.04px;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:767.04px;left:322.71px;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:767.04px;left:598.23px;letter-spacing:-0.29px;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:767.04px;left:1339.03px;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:767.04px;left:1922.86px;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:767.04px;left:2198.05px;white-space:nowrap">commit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:767.04px;left:2778.68px;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:767.04px;left:2971.16px;white-space:nowrap">extend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:767.04px;left:3510.51px;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:767.04px;left:3702.99px;letter-spacing:-0.41px;white-space:nowrap">&#8220;roll&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:767.04px;left:4135.46px;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:767.04px;left:4262.98px;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:767.04px;left:4698.66px;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:767.04px;left:5519.45px;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:767.04px;left:5934.49px;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:767.04px;left:6138.64px;letter-spacing:-0.24px;white-space:nowrap">agreed-upon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:767.04px;left:7113.67px;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:767.04px;left:7940.55px;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:767.04px;left:8307.91px;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:767.04px;left:8500.38px;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:767.04px;left:8716.86px;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:767.04px;left:9510.45px;letter-spacing:-0.29px;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:767.04px;left:10251.24px;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:959.04px;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:959.04px;left:231.2px;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:959.04px;left:953.91px;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:959.04px;left:1182.23px;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:959.04px;left:1682.54px;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:959.04px;left:2218.53px;white-space:nowrap">Reverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:959.04px;left:2823.16px;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:959.04px;left:3650.04px;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:959.04px;left:4538.99px;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:959.04px;left:4867.94px;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:959.04px;left:5416.26px;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:959.04px;left:5691.77px;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:959.04px;left:5973.05px;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:959.04px;left:6295.76px;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:959.04px;left:6571.28px;letter-spacing:-0.29px;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:959.04px;left:7312.08px;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:959.04px;left:7631.91px;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:959.04px;left:7824.38px;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:959.04px;left:8295.1px;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:959.04px;left:8570.62px;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:959.04px;left:9278.44px;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:959.04px;left:9474.12px;letter-spacing:-0.41px;white-space:nowrap">agreed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:959.04px;left:10025.32px;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:1151.04px;left:0px;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:1151.04px;left:325.92px;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:1151.04px;left:565.75px;white-space:nowrap">bankruptcy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1151.04px;left:1404.3px;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:1151.04px;left:1596.77px;white-space:nowrap">becomes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1151.04px;left:2293.41px;white-space:nowrap">insolvent.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1151.04px;left:3019.32px;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:1151.04px;left:3333.56px;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:1151.04px;left:3742.68px;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:1151.04px;left:4083.63px;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:1151.04px;left:4314.83px;letter-spacing:-0.26px;white-space:nowrap">restricted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1151.04px;left:5028.26px;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:1151.04px;left:5401.53px;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:1151.04px;left:5884.41px;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:1151.04px;left:6426.48px;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:1151.04px;left:7083.74px;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:1151.04px;left:7631.89px;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:1151.04px;left:8141.33px;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:1151.04px;left:8509px;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:1151.04px;left:8914.76px;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:1151.04px;left:9356.35px;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:1151.04px;left:9587.55px;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:1151.04px;left:10144.5px;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:1343.04px;left:0px;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:1343.04px;left:314.07px;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:1343.04px;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:1343.04px;left:782.07px;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:1343.04px;left:1276.78px;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:1343.04px;left:1599.5px;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:1343.04px;left:1875.01px;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:1343.04px;left:2583.33px;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:1343.04px;left:2770.04px;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:1343.04px;left:3045.56px;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:1343.04px;left:3866.35px;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:1343.04px;left:4133.07px;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:1343.04px;left:4441.23px;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:1343.04px;left:4799.79px;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:1343.04px;left:5075.31px;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:1343.04px;left:5496.26px;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:1343.04px;left:5682.98px;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:1343.04px;left:6390.81px;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:1343.04px;left:6947.76px;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:1343.04px;left:7140.24px;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:1343.04px;left:7415.75px;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:1343.04px;left:8236.55px;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:1343.04px;left:8550.79px;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:1343.04px;left:8891.74px;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:1343.04px;left:9724.54px;white-space:nowrap">adverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1343.04px;left:10326.13px;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:1535.04px;left:0px;white-space:nowrap">consequences.</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">100</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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Shareholder
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1871.68px;white-space:nowrap">Update
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:2984.16px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4235.41px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11672 characters]);background-repeat:no-repeat;background-size:cover;height:636.37px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.328px) 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,2.51px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:333.76px;left:0px;white-space:nowrap">EFFECTS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:333.76px;left:719.83px;white-space:nowrap">OF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:333.76px;left:992.3px;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:671.04px;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:671.04px;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:671.04px;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:671.04px;left:1419.02px;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:671.04px;left:1570.06px;letter-spacing:0.29px;white-space:nowrap">furnished
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:671.04px;left:2278.05px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:671.04px;left:2449.89px;letter-spacing:-0.32px;white-space:nowrap">response
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:671.04px;left:3140.44px;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:671.04px;left:3332.92px;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:671.04px;left:4316.43px;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:671.04px;left:4503.14px;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:671.04px;left:4778.66px;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:671.04px;left:5164.1px;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:671.04px;left:5303.93px;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:671.04px;left:5454.97px;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:671.04px;left:6166.16px;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:671.04px;left:6358.64px;white-space:nowrap">illustrate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:671.04px;left:7006.79px;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:671.04px;left:7282.3px;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:671.04px;left:7794.94px;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:671.04px;left:7981.66px;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:671.04px;left:8642.45px;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:671.04px;left:9249.8px;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:671.04px;left:9525.32px;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:671.04px;left:9815.88px;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:863.04px;left:0px;white-space:nowrap">senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:863.04px;left:476.95px;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:863.04px;left:1229.26px;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:863.04px;left:1424.94px;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:863.04px;left:1747.66px;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:863.04px;left:2126.53px;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:863.04px;left:2277.57px;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:863.04px;left:2870.36px;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:863.04px;left:3332.6px;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:863.04px;left:3907.47px;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:863.04px;left:4129.87px;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:863.04px;left:4316.59px;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:863.04px;left:4592.1px;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:863.04px;left:4992.42px;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:863.04px;left:5321.38px;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:863.04px;left:5517.06px;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:863.04px;left:5842.81px;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:863.04px;left:6038.49px;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:863.04px;left:6565.68px;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:863.04px;left:6989.2px;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:863.04px;left:7436.39px;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:863.04px;left:7623.1px;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:863.04px;left:8328.38px;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:863.04px;left:8696.05px;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:863.04px;left:8891.73px;letter-spacing:-0.36px;white-space:nowrap">reverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:863.04px;left:9451.73px;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:1055.04px;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:1055.04px;left:888.95px;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:1055.04px;left:1203.19px;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:1055.04px;left:2097.9px;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:1055.04px;left:2269.74px;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:1055.04px;left:2817.89px;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:1055.04px;left:3404.44px;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:1055.04px;left:3727.16px;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:1055.04px;left:4479.47px;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:1055.04px;left:4707.79px;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:1055.04px;left:5380.74px;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:1055.04px;left:5804.58px;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:1055.04px;left:6171.61px;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:1055.04px;left:6686.8px;white-space:nowrap">assuming
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1055.04px;left:7401.03px;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:1055.04px;left:8227.58px;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:1055.04px;left:8884.85px;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:1055.04px;left:9251.88px;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:1055.04px;left:9790.75px;white-space:nowrap">(consisting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1247.04px;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:1247.04px;left:186.72px;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:1247.04px;left:755.83px;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:1247.04px;left:1070.07px;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:1247.04px;left:1707.5px;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:1247.04px;left:1879.34px;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:1247.04px;left:2154.86px;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:1247.04px;left:2575.82px;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:1247.04px;left:2762.53px;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:1247.04px;left:3657.24px;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:1247.04px;left:4015.8px;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:1247.04px;left:4187.64px;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:1247.04px;left:4315.16px;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:1247.04px;left:4816.28px;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:1247.04px;left:5515.14px;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:1247.04px;left:5701.86px;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:1247.04px;left:6155.29px;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:1247.04px;left:6519.77px;white-space:nowrap">0%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1247.04px;left:6830.97px;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:1247.04px;left:7097.69px;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:1247.04px;left:7411.93px;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:1247.04px;left:7812.08px;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:1247.04px;left:8126.32px;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:1247.04px;left:8532.08px;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:1247.04px;left:9012.07px;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:1247.04px;left:9569.02px;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:1247.04px;left:9951.58px;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:1439.04px;left:0px;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:1439.04px;left:166.08px;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:1439.04px;left:927.67px;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:1218.23px;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:1439.04px;left:1404.94px;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:1439.04px;left:2065.74px;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:1439.04px;left:2261.42px;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:1439.04px;left:2448.13px;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:1439.04px;left:3123.65px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:3390.52px;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:1439.04px;left:3790.84px;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:1439.04px;left:3986.52px;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:4114.04px;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:1439.04px;left:4973.4px;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:1439.04px;left:5160.11px;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:1439.04px;left:5886.51px;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:1439.04px;left:6387.3px;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:1439.04px;left:7128.09px;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:1439.04px;left:7602.17px;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:1439.04px;left:8475.43px;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:1439.04px;left:8667.91px;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:1439.04px;left:9035.59px;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:9782.46px;white-space:nowrap">(ii)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:9986.93px;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:1631.04px;left:0px;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:1631.04px;left:752.31px;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:1631.04px;left:1268.15px;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:1631.04px;left:1917.1px;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:1631.04px;left:2491.49px;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:1631.04px;left:3134.85px;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:1631.04px;left:3457.56px;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:1631.04px;left:4068.12px;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:1631.04px;left:4287.48px;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:1631.04px;left:4562.99px;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:1631.04px;left:4972.11px;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:1631.04px;left:5200.43px;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:1631.04px;left:5568.11px;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:1631.04px;left:6438.82px;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:1631.04px;left:6960.57px;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:1631.04px;left:7188.89px;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:1631.04px;left:7657.04px;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:8317.84px;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:1631.04px;left:8723.75px;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:1631.04px;left:9351.74px;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:1631.04px;left:9861.18px;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:1631.04px;left:10136.69px;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:1823.04px;left:0px;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:1823.04px;left:346.72px;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:1823.04px;left:853.59px;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:1823.04px;left:1529.11px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:1795.99px;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:1823.04px;left:2237.91px;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:1823.04px;left:2433.58px;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:1823.04px;left:2688.3px;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:1823.04px;left:3070.21px;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:1823.04px;left:3242.05px;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:1823.04px;left:3517.57px;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:1823.04px;left:3967.8px;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:1823.04px;left:4282.04px;white-space:nowrap">(iii)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:4524.91px;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:1823.04px;left:4800.43px;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:1823.04px;left:5316.27px;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:1823.04px;left:5786.98px;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:1823.04px;left:6109.7px;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:1823.04px;left:6385.21px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:6886.33px;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:1823.04px;left:7543.6px;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:1823.04px;left:7934.63px;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:8767.42px;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:9084.54px;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:1823.04px;left:9271.26px;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:1823.04px;left:10024.37px;white-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:10196.21px;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:2015.04px;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:2015.04px;left:192.48px;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:2015.04px;left:628.15px;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:2015.04px;left:995.83px;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:2015.04px;left:1401.74px;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:2015.04px;left:1588.46px;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:2015.04px;left:2249.25px;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:2015.04px;left:2729.41px;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:2015.04px;left:2957.72px;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:2015.04px;left:3325.4px;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:2015.04px;left:4077.71px;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:2015.04px;left:4593.55px;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:2015.04px;left:5242.5px;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:2015.04px;left:5816.89px;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:2015.04px;left:6460.25px;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:2015.04px;left:6871.93px;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:2015.04px;left:7186.16px;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:2015.04px;left:8050.95px;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:2015.04px;left:8530.94px;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:2015.04px;left:8925.18px;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:2015.04px;left:9206.61px;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:2015.04px;left:9695.41px;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:2015.04px;left:9989px;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:2207.04px;left:0px;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:2207.04px;left:290.56px;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:2207.04px;left:477.28px;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:2207.04px;left:1004.47px;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:2207.04px;left:1427.98px;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:2207.04px;left:1875.17px;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:2207.04px;left:2061.89px;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:2207.04px;left:2803px;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:2207.04px;left:3463.79px;white-space:nowrap">achieved
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2207.04px;left:4148.59px;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:2207.04px;left:4755.94px;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:2207.04px;left:5031.46px;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:2207.04px;left:5322.02px;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:2207.04px;left:5508.73px;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:2207.04px;left:5932.25px;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:2207.04px;left:6802.95px;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:2207.04px;left:6995.43px;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:2207.04px;left:7889.98px;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:2207.04px;left:8171.41px;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:2207.04px;left:9007.08px;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:2207.04px;left:9199.56px;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:2207.04px;left:9430.76px;white-space:nowrap">senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2207.04px;left:9907.71px;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:2399.04px;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:2399.04px;left:462.24px;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:2399.04px;left:737.75px;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:2399.04px;left:1138.07px;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:2399.04px;left:1467.03px;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:2399.04px;left:1834.71px;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:2399.04px;left:2030.39px;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:2399.04px;left:2557.58px;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:2399.04px;left:3298.05px;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:2399.04px;left:4168.75px;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:2399.04px;left:4482.99px;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:2399.04px;left:5377.7px;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:2399.04px;left:5549.54px;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:2399.04px;left:6097.7px;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:2399.04px;left:6684.25px;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:2399.04px;left:7006.96px;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:2735.04px;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:2735.04px;left:314.24px;white-space:nowrap">numbers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:980.95px;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:2735.04px;left:1247.67px;letter-spacing:-0.41px;white-space:nowrap">merely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:1772.15px;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:2735.04px;left:2539.34px;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:2735.04px;left:2927.65px;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:2735.04px;left:3167.49px;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:2735.04px;left:3993.39px;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:2735.04px;left:4307.63px;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:2735.04px;left:4713.54px;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:2735.04px;left:4900.26px;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:2735.04px;left:5561.05px;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:2735.04px;left:5902.01px;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:2735.04px;left:6236.88px;letter-spacing:-0.26px;white-space:nowrap">frequently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:7001.2px;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:2735.04px;left:7315.43px;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:2735.04px;left:7656.39px;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:2735.04px;left:7887.59px;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:2735.04px;left:8767.42px;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:9268.05px;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:2735.04px;left:9460.53px;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:2735.04px;left:9895.88px;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:2927.04px;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:2927.04px;left:275.52px;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:2927.04px;left:1027.83px;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:2927.04px;left:1395.02px;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:2927.04px;left:1709.26px;white-space:nowrap">assumed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2927.04px;left:2385.1px;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:2927.04px;left:3211.65px;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:2927.04px;left:3868.91px;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:2927.04px;left:4407.78px;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:2927.04px;left:4579.62px;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:2927.04px;left:4855.14px;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:2927.04px;left:5260.89px;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:2927.04px;left:5740.88px;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:2927.04px;left:6007.6px;white-space:nowrap">hypothetical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2927.04px;left:6931.91px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">figures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2927.04px;left:7456.38px;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:2927.04px;left:7770.62px;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:2927.04px;left:8037.34px;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:2927.04px;left:8318.78px;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:2927.04px;left:9133.65px;white-space:nowrap">indicative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2927.04px;left:9859.4px;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:3119.04px;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:3119.04px;left:275.52px;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:3119.04px;left:1102.07px;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:3119.04px;left:1759.33px;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:3119.04px;left:2298.2px;white-space:nowrap">experienced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3119.04px;left:3228.75px;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:3119.04px;left:3421.23px;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:3119.04px;left:4135.46px;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:3119.04px;left:4327.94px;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:3119.04px;left:4559.14px;white-space:nowrap">experienced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3119.04px;left:5489.69px;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:3119.04px;left:5709.05px;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:3119.04px;left:5984.57px;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:3119.04px;left:6438.16px;letter-spacing:-2.94px;white-space:nowrap">Your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3119.04px;left:6796.72px;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:3119.04px;left:7264.87px;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:3119.04px;left:7803.75px;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:3119.04px;left:8144.7px;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:3119.04px;left:8375.9px;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:3119.04px;left:8935.57px;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:3119.04px;left:9128.05px;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:3119.04px;left:9436.21px;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:3119.04px;left:9794.76px;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:3311.04px;left:0px;white-space:nowrap">appearing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3311.04px;left:773.27px;letter-spacing:-1.26px;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:7305.67px;left:0px;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:7305.67px;left:708.47px;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:7305.67px;left:1153.11px;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:7305.67px;left:1520.14px;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:7305.67px;left:1990.85px;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:7305.67px;left:2141.89px;white-space:nowrap">composed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7305.67px;left:2942.2px;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:7305.67px;left:3128.92px;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:7305.67px;left:3436.91px;white-space:nowrap">elements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7305.67px;left:4133.23px;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:7305.67px;left:4337.71px;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:7305.67px;left:4613.22px;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:7305.67px;left:5536.88px;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:7305.67px;left:5898.32px;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:7305.67px;left:6117.68px;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:7305.67px;left:6245.2px;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:7305.67px;left:6654.32px;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:7305.67px;left:6846.79px;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:7305.67px;left:7421.5px;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:7305.67px;left:7608.22px;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:7305.67px;left:8281.17px;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:7305.67px;left:8773.17px;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:7305.67px;left:9090.29px;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:7305.67px;left:9680.04px;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:7305.67px;left:9866.76px;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:7497.67px;left:0px;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:7497.67px;left:151.04px;letter-spacing:-0.36px;white-space:nowrap">largely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7497.67px;left:669.43px;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:7497.67px;left:1549.1px;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:7497.67px;left:1768.46px;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:7497.67px;left:2043.97px;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:7497.67px;left:2319.49px;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:7497.67px;left:3146.04px;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:7497.67px;left:3715.16px;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:7497.67px;left:3901.87px;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:7497.67px;left:4177.39px;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:7497.67px;left:4586.51px;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:7497.67px;left:4956.58px;white-space:nowrap">paying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7497.67px;left:5484.1px;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:7497.67px;left:6153.69px;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:7497.67px;left:6891.6px;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:7497.67px;left:7119.92px;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:7497.67px;left:7413.52px;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:7497.67px;left:8121.35px;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:7497.67px;left:8613.35px;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:7497.67px;left:9108.22px;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:7497.67px;left:9327.58px;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:7497.67px;left:9603.1px;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:7497.67px;left:10012.22px;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:7689.67px;left:0px;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:7689.67px;left:711.52px;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:7689.67px;left:939.83px;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:7689.67px;left:1233.43px;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:7689.67px;left:1680.62px;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:7689.67px;left:1867.34px;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:7689.67px;left:2528.13px;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:7689.67px;left:3467.32px;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:7689.67px;left:3781.56px;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:7689.67px;left:4202.35px;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:7689.67px;left:4394.83px;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:7689.67px;left:4866.02px;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:7689.67px;left:5094.34px;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:7689.67px;left:5369.86px;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:7689.67px;left:5790.82px;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:7689.67px;left:5977.53px;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:7689.67px;left:6253.05px;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:7689.67px;left:6960.88px;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:7689.67px;left:7275.12px;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:7689.67px;left:7698.63px;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:7689.67px;left:8569.34px;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:7689.67px;left:8844.86px;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:7689.67px;left:9253.97px;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:7689.67px;left:9710.45px;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:7689.67px;left:9932.85px;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:7881.67px;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:7881.67px;left:219.36px;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:7881.67px;left:560.31px;white-space:nowrap">rules,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7881.67px;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:7881.67px;left:1262.39px;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:7881.67px;left:1668.14px;white-space:nowrap">assumes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7881.67px;left:2314.38px;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:7881.67px;left:2637.09px;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:7881.67px;left:2764.61px;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:7881.67px;left:3173.73px;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:7881.67px;left:3324.77px;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:7881.67px;left:3739.64px;white-space:nowrap">likely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7881.67px;left:4142.52px;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:7881.67px;left:4334.99px;letter-spacing:-0.41px;white-space:nowrap">suffer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7881.67px;left:4770.51px;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:7881.67px;left:5285.86px;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:7881.67px;left:5757.05px;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:7881.67px;left:6115.61px;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:7881.67px;left:6308.09px;white-space:nowrap">enjoy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7881.67px;left:6740.88px;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:7881.67px;left:7256.23px;letter-spacing:-0.21px;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:7881.67px;left:8236.86px;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:7881.67px;left:8518.3px;white-space:nowrap">example,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7881.67px;left:9217.81px;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:7881.67px;left:9410.29px;white-space:nowrap">assume
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7881.67px;left:9988.36px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7881.67px;left:10115.88px;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:8073.67px;left:0px;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:8073.67px;left:470.71px;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:8073.67px;left:657.43px;white-space:nowrap">0%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8073.67px;left:968.63px;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:8073.67px;left:1096.15px;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:8073.67px;left:1505.27px;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:8073.67px;left:1896.3px;white-space:nowrap">assume
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8073.67px;left:2474.38px;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:8073.67px;left:2797.09px;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:8073.67px;left:3072.61px;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:8073.67px;left:3641.72px;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:8073.67px;left:3777.72px;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:8073.67px;left:4400.11px;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:8073.67px;left:4628.43px;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:8073.67px;left:4832.59px;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:8073.67px;left:5727.3px;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:8073.67px;left:5878.33px;letter-spacing:-0.32px;white-space:nowrap">entirely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8073.67px;left:6446.97px;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:8073.67px;left:6888.4px;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:8073.67px;left:7107.76px;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:8073.67px;left:7578.95px;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:8073.67px;left:7750.79px;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:8073.67px;left:8026.31px;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:8073.67px;left:8447.27px;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:8073.67px;left:8633.98px;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:8073.67px;left:9072.54px;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:8073.67px;left:10011.73px;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:8265.67px;left:0px;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:8265.67px;left:405.75px;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:8265.67px;left:962.71px;white-space:nowrap">hypothetical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8265.67px;left:1887.01px;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:8265.67px;left:2843.96px;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:8265.67px;left:3030.68px;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:8265.67px;left:3158.2px;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:8265.67px;left:3659.31px;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:8265.67px;left:4316.58px;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:8265.67px;left:4630.82px;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:8265.67px;left:4912.25px;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:8265.67px;left:5187.77px;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:8265.67px;left:5655.92px;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:8265.67px;left:6612.87px;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:8265.67px;left:6799.58px;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:8265.67px;left:7075.1px;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:8265.67px;left:7576.22px;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:8265.67px;left:8249.17px;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:8265.67px;left:8785.65px;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:8265.67px;left:9061.17px;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:8265.67px;left:9482.12px;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:8265.67px;left:9668.84px;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:8265.67px;left:10122.28px;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:8457.67px;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:8457.67px;left:879.67px;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:8457.67px;left:1099.03px;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:8457.67px;left:1635.18px;letter-spacing:-0.41px;white-space:nowrap">forces
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8457.67px;left:2106.37px;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:8457.67px;left:2420.61px;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:8457.67px;left:2844.12px;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:8457.67px;left:3409.87px;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:8457.67px;left:3952.27px;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:8457.67px;left:4079.79px;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:8457.67px;left:4488.91px;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:8457.67px;left:4879.94px;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:8457.67px;left:5072.42px;white-space:nowrap">add
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8457.67px;left:5395.45px;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:8457.67px;left:6153.68px;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:8457.67px;left:6814.48px;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:8457.67px;left:7006.95px;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:8457.67px;left:7211.11px;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:8457.67px;left:7912.85px;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:8457.67px;left:8206.45px;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:8457.67px;left:8822.76px;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:8457.67px;left:9009.48px;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:8457.67px;left:9377.16px;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:8649.67px;left:0px;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:8649.67px;left:660.79px;white-space:nowrap">cannot
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8649.67px;left:1191.35px;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:8649.67px;left:1422.55px;white-space:nowrap">fully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8649.67px;left:1757.26px;white-space:nowrap">achieved
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8649.67px;left:2442.06px;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:8649.67px;left:2794.37px;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:8649.67px;left:3069.89px;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:8649.67px;left:3778.2px;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:8649.67px;left:4435.63px;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:8649.67px;left:4808.91px;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:8649.67px;left:5084.42px;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:8649.67px;left:5374.98px;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:8649.67px;left:5561.7px;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:8649.67px;left:5929.38px;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:8649.67px;left:6590.17px;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:8649.67px;left:6972.73px;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:8649.67px;left:7381.85px;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:8649.67px;left:8033.84px;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:8649.67px;left:8253.2px;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:8649.67px;left:8528.72px;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:8649.67px;left:8937.84px;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:8649.67px;left:9252.08px;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:8649.67px;left:9897.99px;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:8841.67px;left:0px;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:8841.67px;left:862.71px;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:8841.67px;left:1203.19px;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:8841.67px;left:1478.7px;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:8841.67px;left:1979.82px;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:8841.67px;left:2806.37px;white-space:nowrap">objectives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8841.67px;left:3573.72px;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:8841.67px;left:3887.96px;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:8841.67px;left:4563.47px;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:8841.67px;left:4785.87px;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:8841.67px;left:5254.02px;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:8841.67px;left:5784.74px;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:8841.67px;left:5912.26px;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:8841.67px;left:6413.37px;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:8841.67px;left:7227.92px;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:8841.67px;left:7420.4px;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:8841.67px;left:7710.96px;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:8841.67px;left:8469.18px;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:8841.67px;left:9174.46px;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:8841.67px;left:9488.7px;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:8841.67px;left:9764.21px;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:8841.67px;left:10258.93px;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:9033.67px;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:9033.67px;left:453.44px;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:9033.67px;left:1114.23px;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:9033.67px;left:1265.27px;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:9033.67px;left:1653.58px;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:9033.67px;left:1834.22px;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:9033.67px;left:2127.82px;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:9033.67px;left:2533.57px;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:9033.67px;left:2808.77px;white-space:nowrap">depend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9033.67px;left:3413.4px;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:9033.67px;left:3641.72px;white-space:nowrap">many
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9033.67px;left:4071.64px;white-space:nowrap">factors.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4464px;left:3711.52px;white-space:nowrap">Risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3888px;left:7771.05px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3888px;left:8415.68px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3888px;left:8812.96px;letter-spacing:-4.08px;white-space:nowrap">York</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4080px;left:7777.53px;white-space:nowrap">Quality
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4080px;left:8388.72px;white-space:nowrap">Municipal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4272px;left:7966.32px;white-space:nowrap">Income
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4272px;left:8580.56px;letter-spacing:-1.68px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4464px;left:8227.76px;white-space:nowrap">(NAN)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3696px;left:9211.05px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3696px;left:9855.68px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3696px;left:10252.96px;letter-spacing:-4.08px;white-space:nowrap">York</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3888px;left:9233.21px;letter-spacing:-2.67px;white-space:nowrap">AMT-Free
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3888px;left:10010px;white-space:nowrap">Quality</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4080px;left:9216.01px;white-space:nowrap">Municipal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4080px;left:10024.16px;white-space:nowrap">Income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4272px;left:9713.44px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:4464px;left:9679.36px;white-space:nowrap">(NRK)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.96px;left:0px;letter-spacing:-0.16px;white-space:nowrap">Estimated
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.96px;left:765.75px;letter-spacing:-0.53px;white-space:nowrap">Leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.96px;left:1479.34px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.96px;left:1675.82px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.96px;left:1801.26px;letter-spacing:-1.31px;white-space:nowrap">Percentage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.96px;left:2662.05px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.96px;left:2850.84px;white-space:nowrap">Managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.96px;left:3588.12px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.96px;left:4095.46px;white-space:nowrap">(Including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.96px;left:4864.42px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.96px;left:5368.89px;letter-spacing:-0.15px;white-space:nowrap">Attributable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.96px;left:6282.79px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.96px;left:6471.27px;letter-spacing:-0.53px;white-space:nowrap">Leverage)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.96px;left:8194.17px;white-space:nowrap">40.36%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4728.96px;left:9634.17px;white-space:nowrap">40.45%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4993.92px;left:0px;letter-spacing:-0.16px;white-space:nowrap">Estimated
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4993.92px;left:762.87px;white-space:nowrap">Annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4993.92px;left:1319.51px;letter-spacing:-0.29px;white-space:nowrap">Effective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4993.92px;left:1977.58px;letter-spacing:-0.53px;white-space:nowrap">Leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4993.92px;left:2691.17px;white-space:nowrap">Expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4993.92px;left:3351.96px;letter-spacing:-0.7px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4993.92px;left:3711.96px;letter-spacing:-1.2px;white-space:nowrap">Payable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4993.92px;left:4317.87px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4993.92px;left:4537.87px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4993.92px;left:4948.91px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4993.92px;left:5179.63px;letter-spacing:-0.6px;white-space:nowrap">Leverage</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4993.92px;left:8240.56px;white-space:nowrap">2.52%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4993.92px;left:9680.56px;white-space:nowrap">2.59%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5258.88px;left:0px;white-space:nowrap">Annual
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5258.88px;left:556.64px;letter-spacing:-0.27px;white-space:nowrap">Return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5258.88px;left:1076.31px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5258.88px;left:1487.35px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5258.88px;left:2135.82px;white-space:nowrap">Must
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5258.88px;left:2532.29px;white-space:nowrap">Experience
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5258.88px;left:3391.16px;white-space:nowrap">(net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5258.88px;left:3714.35px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5258.88px;left:3903.15px;letter-spacing:-0.1px;white-space:nowrap">expenses)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5258.88px;left:4678.82px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5258.88px;left:4867.29px;letter-spacing:-0.32px;white-space:nowrap">Cover
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5258.88px;left:5345.52px;letter-spacing:-0.16px;white-space:nowrap">Estimated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5258.88px;left:6108.4px;white-space:nowrap">Annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5258.88px;left:6665.03px;letter-spacing:-0.29px;white-space:nowrap">Effective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5450.88px;left:360px;letter-spacing:-0.32px;white-space:nowrap">Interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5450.88px;left:944.79px;white-space:nowrap">Expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5450.88px;left:1605.58px;letter-spacing:-0.7px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5450.88px;left:1965.58px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5450.88px;left:2196.29px;letter-spacing:-0.6px;white-space:nowrap">Leverage</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5450.88px;left:8240.56px;white-space:nowrap">1.02%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5450.88px;left:9680.56px;white-space:nowrap">1.05%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.84px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.84px;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:160px;position:absolute;top:5715.84px;left:1175.67px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.84px;left:1565.75px;letter-spacing:-0.27px;white-space:nowrap">Return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.84px;left:2085.42px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.84px;left:2327.98px;white-space:nowrap">(10.00)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.84px;left:3007.16px;white-space:nowrap">Assumed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.84px;left:3728.91px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.84px;left:4373.55px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.84px;left:4763.62px;letter-spacing:-0.32px;white-space:nowrap">Return</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.84px;left:8168.57px;white-space:nowrap">-18.47%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5715.84px;left:9608.57px;white-space:nowrap">-18.55%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5980.8px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5980.8px;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:160px;position:absolute;top:5980.8px;left:1175.67px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5980.8px;left:1565.75px;letter-spacing:-0.27px;white-space:nowrap">Return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5980.8px;left:2085.42px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5980.8px;left:2327.98px;white-space:nowrap">(5.00)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5980.8px;left:2914.37px;white-space:nowrap">Assumed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5980.8px;left:3636.12px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5980.8px;left:4280.75px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5980.8px;left:4670.83px;letter-spacing:-0.32px;white-space:nowrap">Return</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5980.8px;left:8168.57px;white-space:nowrap">-10.09%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5980.8px;left:9608.57px;white-space:nowrap">-10.16%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6245.76px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6245.76px;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:160px;position:absolute;top:6245.76px;left:1175.67px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6245.76px;left:1565.75px;letter-spacing:-0.27px;white-space:nowrap">Return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6245.76px;left:2085.42px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6245.76px;left:2327.98px;white-space:nowrap">0.00%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6245.76px;left:2818.37px;white-space:nowrap">Assumed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6245.76px;left:3540.12px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6245.76px;left:4184.75px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6245.76px;left:4574.83px;letter-spacing:-0.32px;white-space:nowrap">Return</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6245.76px;left:8214.96px;white-space:nowrap">-1.71%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6245.76px;left:9654.96px;white-space:nowrap">-1.76%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.72px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.72px;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:160px;position:absolute;top:6510.72px;left:1175.67px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.72px;left:1565.75px;letter-spacing:-0.27px;white-space:nowrap">Return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.72px;left:2085.42px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.72px;left:2327.98px;white-space:nowrap">5.00%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.72px;left:2818.37px;white-space:nowrap">Assumed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.72px;left:3540.12px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.72px;left:4184.75px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.72px;left:4574.83px;letter-spacing:-0.32px;white-space:nowrap">Return</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.72px;left:8240.56px;white-space:nowrap">6.68%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6510.72px;left:9680.56px;white-space:nowrap">6.64%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6775.67px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6775.67px;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:160px;position:absolute;top:6775.67px;left:1175.67px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6775.67px;left:1565.75px;letter-spacing:-0.27px;white-space:nowrap">Return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6775.67px;left:2085.42px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6775.67px;left:2327.98px;white-space:nowrap">10.00%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6775.67px;left:2911.17px;white-space:nowrap">Assumed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6775.67px;left:3632.92px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6775.67px;left:4277.55px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6775.67px;left:4667.63px;letter-spacing:-0.32px;white-space:nowrap">Return</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6775.67px;left:8194.17px;white-space:nowrap">15.06%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6775.67px;left:9634.17px;white-space:nowrap">15.03%</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:10378.56px;white-space:nowrap">101</div></div> </div>
<div style="height:636.37px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.328px) 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,2.51px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:333.76px;left:0px;white-space:nowrap">DIVIDEND
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:333.76px;left:832.47px;white-space:nowrap">REINVESTMENT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:333.76px;left:2103.49px;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:671.04px;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:671.04px;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:671.04px;left:1482.07px;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:671.04px;left:1959.35px;white-space:nowrap">Automatic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:671.04px;left:2738.53px;white-space:nowrap">Reinvestment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:671.04px;left:3748.92px;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:1007.04px;left:0px;letter-spacing:-2.94px;white-space:nowrap">Your
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1007.04px;left:358.55px;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:1007.04px;left:960.47px;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:1007.04px;left:1840.62px;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:1007.04px;left:2249.74px;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:1007.04px;left:2732.61px;white-space:nowrap">you
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1007.04px;left:3038.05px;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:1007.04px;left:3230.52px;white-space:nowrap">conveniently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1007.04px;left:4175.95px;letter-spacing:-0.32px;white-space:nowrap">reinvest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1007.04px;left:4774.35px;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:1007.04px;left:5698.01px;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:1007.04px;left:5869.85px;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:1007.04px;left:6628.08px;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:1007.04px;left:7037.19px;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:1007.04px;left:7573.67px;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:1007.04px;left:7796.07px;white-space:nowrap">choosing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1007.04px;left:8489.66px;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:1007.04px;left:8682.14px;letter-spacing:-0.29px;white-space:nowrap">reinvest,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1007.04px;left:9325.01px;white-space:nowrap">you&#8217;ll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1007.04px;left:9748.84px;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:1007.04px;left:9980.04px;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:1199.04px;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:1199.04px;left:192.48px;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:1199.04px;left:651.67px;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:1199.04px;left:1182.39px;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:1199.04px;left:1842.86px;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:1199.04px;left:2157.09px;letter-spacing:-0.98px;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:1199.04px;left:3176.28px;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:1199.04px;left:3490.52px;white-space:nowrap">watch
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1199.04px;left:3952.75px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1199.04px;left:4311.31px;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:1199.04px;left:5137.86px;letter-spacing:-0.58px;white-space:nowrap">grow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1199.04px;left:5540.73px;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:1199.04px;left:6148.08px;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:1199.04px;left:6423.6px;white-space:nowrap">power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1199.04px;left:6918.31px;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:1199.04px;left:7105.03px;white-space:nowrap">compounding.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1199.04px;left:8195.74px;white-space:nowrap">Just
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1199.04px;left:8527.57px;white-space:nowrap">like
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1199.04px;left:8814.93px;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:1199.04px;left:9738.59px;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:1199.04px;left:9910.43px;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:1391.04px;left:0px;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:1391.04px;left:414.72px;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:1391.04px;left:755.67px;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:1391.04px;left:986.87px;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:1391.04px;left:1416.31px;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:1391.04px;left:1843.18px;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:1391.04px;left:2412.3px;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:1391.04px;left:2604.77px;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:1391.04px;left:3120.12px;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:1391.04px;left:3540.92px;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:1391.04px;left:3955.8px;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:1391.04px;left:4296.75px;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:1391.04px;left:4527.95px;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:1391.04px;left:5138.51px;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:1391.04px;left:5366.82px;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:1391.04px;left:6290.49px;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:1391.04px;left:6613.2px;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:1391.04px;left:6879.92px;letter-spacing:-0.24px;white-space:nowrap">reinvested.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1391.04px;left:7709.51px;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:1391.04px;left:7849.35px;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:1391.04px;left:8000.39px;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:1391.04px;left:8743.57px;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:1391.04px;left:8936.05px;white-space:nowrap">note
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1391.04px;left:9306.44px;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:1391.04px;left:9629.16px;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:1391.04px;left:9845.64px;white-space:nowrap">automatic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1583.04px;left:0px;letter-spacing:-0.22px;white-space:nowrap">reinvestment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1583.04px;left:965.75px;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:1583.04px;left:1318.39px;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:1583.04px;left:1712.62px;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:1583.04px;left:1994.06px;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:1583.04px;left:2512.78px;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:1583.04px;left:2640.3px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">profit,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1583.04px;left:3111.17px;white-space:nowrap">nor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1583.04px;left:3392.6px;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:1583.04px;left:3786.84px;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:1583.04px;left:3922.83px;letter-spacing:-0.36px;white-space:nowrap">protect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1583.04px;left:4482.5px;white-space:nowrap">you
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1583.04px;left:4787.94px;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:1583.04px;left:5344.9px;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:1583.04px;left:5658.97px;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:1583.04px;left:5830.81px;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:1583.04px;left:5958.33px;white-space:nowrap">declining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1583.04px;left:6657.52px;white-space:nowrap">market.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1917.76px;left:0px;white-space:nowrap">Easy
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1917.76px;left:385.11px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:1917.76px;left:711.03px;white-space:nowrap">convenient</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2255.04px;left:0px;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:2255.04px;left:213.44px;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:2255.04px;left:643.35px;letter-spacing:-0.41px;white-space:nowrap">recordkeeping
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2255.04px;left:1724.94px;white-space:nowrap">easy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2255.04px;left:2086.7px;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:2255.04px;left:2400.94px;white-space:nowrap">convenient,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2255.04px;left:3275.33px;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:2255.04px;left:3657.89px;white-space:nowrap">month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2255.04px;left:4164.6px;white-space:nowrap">you&#8217;ll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2255.04px;left:4588.44px;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:2255.04px;left:5142.67px;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:2255.04px;left:5270.19px;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:2255.04px;left:6028.42px;white-space:nowrap">showing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2255.04px;left:6665.53px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2255.04px;left:7024.09px;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:2255.04px;left:7391.12px;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:2255.04px;left:8359.26px;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:2255.04px;left:8634.78px;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:2255.04px;left:9002.14px;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:2255.04px;left:9188.85px;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:2255.04px;left:10059.88px;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:2447.04px;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:2447.04px;left:492px;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:2447.04px;left:1158.71px;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:2447.04px;left:1472.95px;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:2447.04px;left:1748.47px;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:2447.04px;left:2148.3px;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:2447.04px;left:2432.62px;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:2447.04px;left:2900.94px;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:2447.04px;left:3215.17px;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:2447.04px;left:3490.69px;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:2447.04px;left:3857.72px;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:2447.04px;left:4456.28px;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:2447.04px;left:4642.99px;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:2447.04px;left:5134.99px;white-space:nowrap">you
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2447.04px;left:5440.43px;white-space:nowrap">own.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2781.76px;left:0px;white-space:nowrap">How
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:2781.76px;left:390.87px;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:900;position:absolute;top:2781.76px;left:909.26px;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:900;position:absolute;top:2781.76px;left:1193.74px;letter-spacing:-0.32px;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:3119.04px;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:3119.04px;left:314.24px;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:3119.04px;left:806.24px;white-space:nowrap">you
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3119.04px;left:1111.67px;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:3119.04px;left:1680.63px;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:3119.04px;left:1899.99px;letter-spacing:-0.24px;white-space:nowrap">reinvesting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3119.04px;left:2723.5px;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:3119.04px;left:2998.69px;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:3119.04px;left:3454.68px;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:3119.04px;left:3685.88px;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:3119.04px;left:4471.32px;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:3119.04px;left:4699.63px;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:3119.04px;left:4975.15px;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:3119.04px;left:5390.19px;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:3119.04px;left:5926.34px;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:3119.04px;left:6118.82px;white-space:nowrap">newly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3119.04px;left:6572.25px;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:3119.04px;left:7067.13px;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:3119.04px;left:7286.48px;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:3119.04px;left:7562px;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:3119.04px;left:8015.6px;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:3119.04px;left:8149.68px;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:3119.04px;left:8425.2px;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:3119.04px;left:8917.19px;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:3119.04px;left:9183.91px;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:3119.04px;left:9740.54px;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:3119.04px;left:9921.18px;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:3119.04px;left:10113.65px;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:3311.04px;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:3311.04px;left:368.48px;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:3311.04px;left:549.12px;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:3311.04px;left:824.63px;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:3311.04px;left:1185.91px;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:3311.04px;left:1372.62px;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:3311.04px;left:2107.5px;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:3311.04px;left:2383.01px;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:3311.04px;left:2792.13px;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:3311.04px;left:3067.32px;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:3311.04px;left:3464.44px;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:3311.04px;left:3802.36px;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:3311.04px;left:4294.36px;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:3311.04px;left:4474.99px;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:3311.04px;left:4750.51px;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:3311.04px;left:5310.18px;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:3311.04px;left:5496.9px;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:3311.04px;left:5772.42px;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:3311.04px;left:6140.9px;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:3311.04px;left:6333.37px;white-space:nowrap">95%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3311.04px;left:6689.05px;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:3311.04px;left:6875.77px;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:3311.04px;left:7151.28px;letter-spacing:-0.22px;white-space:nowrap">then-current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3311.04px;left:8069.51px;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:3311.04px;left:8605.67px;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:3311.04px;left:9049.98px;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:3311.04px;left:9184.06px;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:3311.04px;left:9459.58px;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:3311.04px;left:9951.57px;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:3503.04px;left:0px;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:3503.04px;left:556.63px;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:3503.04px;left:737.27px;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:3503.04px;left:1045.42px;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:3503.04px;left:1403.98px;letter-spacing:-5.73px;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:3503.04px;left:1796.3px;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:3503.04px;left:2288.3px;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:3503.04px;left:2528.13px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3503.04px;left:2886.69px;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:3503.04px;left:3494.36px;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:3503.04px;left:3769.55px;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:3503.04px;left:4000.75px;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:3503.04px;left:4786.19px;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:3503.04px;left:5014.5px;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:3503.04px;left:5290.02px;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:3503.04px;left:5705.06px;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:3503.04px;left:6285.69px;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:3503.04px;left:6419.77px;letter-spacing:-0.21px;white-space:nowrap">Computershare
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3503.04px;left:7569.36px;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:3503.04px;left:7954.31px;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:3503.04px;left:8719.26px;white-space:nowrap">N.A.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3503.04px;left:9086.94px;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:3503.04px;left:9404.06px;white-space:nowrap">&#8220;Plan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3503.04px;left:9833.81px;white-space:nowrap">Agent&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3695.04px;left:0px;white-space:nowrap">begins
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3695.04px;left:524.48px;letter-spacing:-0.26px;white-space:nowrap">purchasing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3695.04px;left:1348.31px;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:3695.04px;left:1757.43px;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:3695.04px;left:2249.42px;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:3695.04px;left:2477.74px;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:3695.04px;left:2753.26px;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:3695.04px;left:3168.3px;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:3695.04px;left:3704.45px;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:3695.04px;left:4119.16px;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:3695.04px;left:4611.16px;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:3695.04px;left:4877.88px;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:3695.04px;left:5434.51px;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:3695.04px;left:5914.5px;letter-spacing:-5.73px;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:3695.04px;left:6306.82px;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:3695.04px;left:6591.14px;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:3695.04px;left:6866.66px;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:3695.04px;left:7367.77px;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:3695.04px;left:7859.77px;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:3695.04px;left:8849.52px;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:3695.04px;left:9270px;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:3695.04px;left:9450.63px;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:3695.04px;left:9643.11px;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:3695.04px;left:10129.34px;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:3887.04px;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:3887.04px;left:368.48px;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:3887.04px;left:881.11px;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:3887.04px;left:1156.63px;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:3887.04px;left:1503.35px;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:3887.04px;left:1986.38px;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:3887.04px;left:2137.42px;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:3887.04px;left:2490.06px;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:3887.04px;left:2682.53px;white-space:nowrap">complete
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3887.04px;left:3402.52px;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:3887.04px;left:3606.68px;letter-spacing:-0.26px;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:3887.04px;left:4406.99px;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:3887.04px;left:4682.51px;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:3887.04px;left:5029.23px;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:3887.04px;left:5512.26px;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:3887.04px;left:5853.22px;white-space:nowrap">cease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3887.04px;left:6303.94px;white-space:nowrap">open-market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3887.04px;left:7263.92px;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:3887.04px;left:8019.76px;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:3887.04px;left:8334px;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:3887.04px;left:8674.95px;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:3887.04px;left:9134.15px;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:3887.04px;left:9409.67px;white-space:nowrap">uninvested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4079.04px;left:0px;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:4079.04px;left:565.59px;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:4079.04px;left:752.3px;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:4079.04px;left:1027.82px;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:4079.04px;left:1883.33px;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:4079.04px;left:2055.16px;white-space:nowrap">newly-issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4079.04px;left:3012.27px;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:4079.04px;left:3421.39px;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:4079.04px;left:3913.39px;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:4079.04px;left:4094.03px;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:4079.04px;left:4221.55px;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:4079.04px;left:4621.38px;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:4079.04px;left:5062.98px;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:4079.04px;left:5255.45px;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:4079.04px;left:5530.97px;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:4079.04px;left:6090.64px;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:4079.04px;left:6277.36px;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:4079.04px;left:6552.88px;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:4079.04px;left:7086.47px;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:4079.04px;left:7454.95px;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:4079.04px;left:7647.43px;white-space:nowrap">95%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4079.04px;left:8003.11px;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:4079.04px;left:8189.82px;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:4079.04px;left:8465.34px;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:4079.04px;left:8998.94px;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:4079.04px;left:9535.09px;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:4079.04px;left:9956.04px;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:4079.04px;left:10184.36px;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:4271.04px;left:0px;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:4271.04px;left:287.19px;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:4271.04px;left:939.19px;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:4271.04px;left:1241.59px;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:4271.04px;left:2162.85px;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:4271.04px;left:2544.6px;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:4271.04px;left:2737.08px;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:4271.04px;left:3012.6px;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:4271.04px;left:3700.27px;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:4271.04px;left:4112.11px;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:4271.04px;left:5056.57px;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:4271.04px;left:5708.57px;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:4271.04px;left:5901.04px;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:4271.04px;left:6588.72px;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:4271.04px;left:7080.72px;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:4271.04px;left:7252.55px;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:4271.04px;left:7528.07px;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:4271.04px;left:7943.11px;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:4271.04px;left:8479.26px;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:4271.04px;left:8754.45px;letter-spacing:0.32px;white-space:nowrap">normally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4271.04px;left:9412.04px;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:4271.04px;left:9643.24px;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:4463.04px;left:0px;white-space:nowrap">shortly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4463.04px;left:518.23px;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:4463.04px;left:888.3px;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:4463.04px;left:1163.82px;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:4463.04px;left:2019.32px;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:4463.04px;left:2689.08px;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:4463.04px;left:3100.91px;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:4463.04px;left:3364.75px;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:4463.04px;left:3939.14px;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:4463.04px;left:4214.34px;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:4463.04px;left:4445.53px;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:4463.04px;left:4806.97px;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:4463.04px;left:5035.29px;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:4463.04px;left:5958.95px;white-space:nowrap">awaiting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4463.04px;left:6601.66px;letter-spacing:-0.21px;white-space:nowrap">reinvestment.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4463.04px;left:7611.89px;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:4463.04px;left:8252.37px;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:4463.04px;left:8527.88px;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:4463.04px;left:9064.04px;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:4463.04px;left:9463.87px;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:4463.04px;left:9650.59px;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:4463.04px;left:9926.1px;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:4655.04px;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:4655.04px;left:340.96px;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:4655.04px;left:969.27px;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:4655.04px;left:1481.91px;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:4655.04px;left:2237.74px;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:4655.04px;left:2504.46px;white-space:nowrap">completed,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4655.04px;left:3366.69px;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:4655.04px;left:3642.21px;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:4655.04px;left:4258.68px;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:4655.04px;left:4946.36px;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:4655.04px;left:5346.19px;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:4655.04px;left:5630.51px;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:4655.04px;left:6054.35px;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:4655.04px;left:6395.3px;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:4655.04px;left:6958.66px;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:4655.04px;left:7234.18px;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:4655.04px;left:7770.33px;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:4655.04px;left:8170.16px;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:4655.04px;left:8350.8px;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:4655.04px;left:8626.32px;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:4655.04px;left:8987.59px;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:4655.04px;left:9174.31px;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:4655.04px;left:9909.18px;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:4847.04px;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:4847.04px;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:4847.04px;left:447.36px;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:4847.04px;left:1259.02px;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:4847.04px;left:1445.74px;white-space:nowrap">fewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4847.04px;left:1884.13px;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:4847.04px;left:2376.13px;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:4847.04px;left:2734.69px;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:4847.04px;left:2864.92px;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:4847.04px;left:3140.44px;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:4847.04px;left:3995.94px;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:4847.04px;left:4310.18px;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:4847.04px;left:4719.3px;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:4847.04px;left:5080.74px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4847.04px;left:5252.58px;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:4847.04px;left:5744.57px;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:4847.04px;left:6239.45px;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:4847.04px;left:6458.81px;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:4847.04px;left:6734.32px;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:4847.04px;left:7187.92px;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:4847.04px;left:7342.16px;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:4847.04px;left:7629.52px;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:4847.04px;left:7946.31px;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:4847.04px;left:8511.9px;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:4847.04px;left:8698.62px;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:4847.04px;left:8992.21px;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:4847.04px;left:9777.32px;letter-spacing:-0.29px;white-space:nowrap">brokerage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5039.04px;left:0px;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:5039.04px;left:954.23px;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:5039.04px;left:1182.54px;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:5039.04px;left:1597.58px;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:5039.04px;left:2133.73px;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:5039.04px;left:2889.57px;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:5039.04px;left:3164.76px;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:5039.04px;left:3395.96px;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:5039.04px;left:3757.4px;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:5039.04px;left:3976.75px;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:5039.04px;left:4667.15px;white-space:nowrap">Reinvestment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5039.04px;left:5677.53px;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:5039.04px;left:6024.25px;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:5039.04px;left:6341.37px;white-space:nowrap">&#8220;Plan&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5039.04px;left:6895.76px;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:5039.04px;left:7816.71px;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:5039.04px;left:8288.06px;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:5039.04px;left:9242.29px;white-space:nowrap">usually
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5039.04px;left:9769.8px;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:5039.04px;left:10045px;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:5231.04px;left:0px;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:5231.04px;left:435.35px;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:5231.04px;left:793.91px;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:5231.04px;left:1232.46px;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:5231.04px;left:1860.78px;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:5231.04px;left:2089.1px;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:5231.04px;left:2820.77px;white-space:nowrap">transactions.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:5565.76px;left:0px;white-space:nowrap">Flexible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5903.04px;left:0px;letter-spacing:-3.68px;white-space:nowrap">You
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5903.04px;left:305.44px;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:5903.04px;left:646.39px;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:5903.04px;left:1215.67px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5903.04px;left:1574.23px;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:5903.04px;left:2429.73px;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:5903.04px;left:2942.2px;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:5903.04px;left:3134.68px;white-space:nowrap">withdraw
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5903.04px;left:3824.58px;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:5903.04px;left:4197.86px;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:5903.04px;left:4473.37px;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:5903.04px;left:4820.09px;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:5903.04px;left:5000.73px;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:5903.04px;left:5294.33px;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:5903.04px;left:5700.08px;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:5903.04px;left:6221.67px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5903.04px;left:6580.23px;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:5903.04px;left:7057.51px;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:5903.04px;left:7249.98px;white-space:nowrap">situation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5903.04px;left:7901.49px;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:5903.04px;left:8515.25px;letter-spacing:-3.68px;white-space:nowrap">You
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5903.04px;left:8820.69px;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:5903.04px;left:9114.28px;letter-spacing:-0.32px;white-space:nowrap">reinvest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5903.04px;left:9712.68px;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:6095.04px;left:0px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6095.04px;left:358.55px;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:6095.04px;left:850.55px;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:6095.04px;left:1117.27px;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:6095.04px;left:1884.3px;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:6095.04px;left:2056.14px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6095.04px;left:2414.69px;white-space:nowrap">name,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6095.04px;left:2900.93px;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:6095.04px;left:3093.41px;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:6095.04px;left:3265.25px;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:6095.04px;left:3540.76px;white-space:nowrap">name
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6095.04px;left:3982.52px;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:6095.04px;left:4169.24px;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:6095.04px;left:4296.76px;letter-spacing:-0.29px;white-space:nowrap">brokerage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6095.04px;left:5073.07px;text-rendering:optimizeLegibility;letter-spacing:0.48px;white-space:nowrap">firm,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6095.04px;left:5440.26px;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:6095.04px;left:5876.1px;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:6095.04px;left:6068.57px;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:6095.04px;left:6492.09px;white-space:nowrap">nominee.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6095.04px;left:7206.48px;white-space:nowrap">Ask
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6095.04px;left:7506px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6095.04px;left:7864.55px;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:6095.04px;left:8691.1px;white-space:nowrap">advisor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6095.04px;left:9248.05px;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:6095.04px;left:9378.29px;white-space:nowrap">his
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6095.04px;left:9618.29px;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:6095.04px;left:9810.76px;white-space:nowrap">her
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6095.04px;left:10086.28px;text-rendering:optimizeLegibility;letter-spacing:0.58px;white-space:nowrap">firm
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6287.04px;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:6287.04px;left:275.1px;letter-spacing:0px;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:6287.04px;left:1083.31px;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:6287.04px;left:1311.54px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6287.04px;left:1670px;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:6287.04px;left:2203.34px;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:6287.04px;left:3073.79px;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:6287.04px;left:3574.65px;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:6287.04px;left:4066.56px;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:6287.04px;left:4333.18px;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:6287.04px;left:5100.12px;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:6287.04px;left:5271.87px;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:6287.04px;left:5547.29px;white-space:nowrap">name
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6287.04px;left:5988.96px;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:6287.04px;left:6175.58px;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:6287.04px;left:6492.76px;text-rendering:optimizeLegibility;letter-spacing:0.58px;white-space:nowrap">firm
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6287.04px;left:6815.38px;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:6287.04px;left:7156.25px;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:6287.04px;left:7437.59px;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:6287.04px;left:7668.69px;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:6287.04px;left:8021.24px;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:6287.04px;left:8213.62px;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:6287.04px;left:8793.84px;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:6287.04px;left:9069.26px;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:6287.04px;left:9561.17px;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:6287.04px;left:9753.55px;letter-spacing:0px;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:6287.04px;left:10348.97px;text-rendering:optimizeLegibility;letter-spacing:0.58px;white-space:nowrap">firm
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6479.04px;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:6479.04px;left:314.24px;white-space:nowrap">continue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6479.04px;left:978.07px;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:6479.04px;left:1170.55px;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:6479.04px;left:1978.85px;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:6479.04px;left:2150.69px;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:6479.04px;left:2426.21px;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:6479.04px;left:2817.4px;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:6479.04px;left:3131.64px;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:6479.04px;left:3540.76px;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:6479.04px;left:4168.92px;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:6479.04px;left:4444.43px;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:6479.04px;left:4820.27px;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:6479.04px;left:5012.74px;white-space:nowrap">amend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6479.04px;left:5552.26px;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:6479.04px;left:5744.73px;letter-spacing:0.29px;white-space:nowrap">terminate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6479.04px;left:6476.08px;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:6479.04px;left:6751.6px;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:6479.04px;left:7098.32px;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:6479.04px;left:7278.95px;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:6479.04px;left:7572.55px;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:6479.04px;left:7978.31px;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:6479.04px;left:8683.58px;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:6479.04px;left:8959.09px;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:6479.04px;left:9368.21px;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:6479.04px;left:9996.37px;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:6479.04px;left:10271.88px;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:6671.04px;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:6671.04px;left:192.48px;white-space:nowrap">amend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6671.04px;left:731.99px;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:6671.04px;left:1007.51px;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:6671.04px;left:1354.23px;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:6671.04px;left:1546.7px;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:6671.04px;left:2109.74px;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:6671.04px;left:2237.26px;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:6671.04px;left:2773.57px;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:6671.04px;left:3304.13px;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:6671.04px;left:3914.68px;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:6671.04px;left:4134.04px;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:6671.04px;left:4409.56px;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:6671.04px;left:5330.5px;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:6671.04px;left:5745.22px;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:6671.04px;left:5896.25px;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:6671.04px;left:6124.57px;letter-spacing:-0.41px;white-space:nowrap">direct
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6671.04px;left:6574.65px;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:6671.04px;left:7110.96px;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:6671.04px;left:7641.52px;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:6671.04px;left:7833.99px;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:6671.04px;left:8710.46px;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:6671.04px;left:8882.29px;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:6671.04px;left:9157.81px;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:6671.04px;left:9504.53px;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:6671.04px;left:9685.17px;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:6671.04px;left:9978.28px;white-space:nowrap">time.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:7005.76px;left:0px;white-space:nowrap">Call
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:7005.76px;left:326.07px;white-space:nowrap">today
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:7005.76px;left:803.02px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:7005.76px;left:1010.22px;white-space:nowrap">start
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:7005.76px;left:1401.25px;letter-spacing:-0.24px;white-space:nowrap">reinvesting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:7005.76px;left:2275.63px;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:7343.04px;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:7343.04px;left:281.44px;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:7343.04px;left:696.31px;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:7343.04px;left:1561.09px;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:7343.04px;left:1789.41px;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:7343.04px;left:2064.93px;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:7343.04px;left:2666.85px;white-space:nowrap">Automatic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7343.04px;left:3446.04px;white-space:nowrap">Reinvestment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7343.04px;left:4456.42px;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:7343.04px;left:4803.14px;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:7343.04px;left:4995.62px;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:7343.04px;left:5188.09px;letter-spacing:-0.41px;white-space:nowrap">enroll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7343.04px;left:5632.4px;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:7343.04px;left:5804.24px;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:7343.04px;left:5996.72px;white-space:nowrap">withdraw
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7343.04px;left:6686.63px;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:7343.04px;left:7059.9px;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:7343.04px;left:7335.42px;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:7343.04px;left:7726.61px;white-space:nowrap">speak
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7343.04px;left:8186.13px;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:7343.04px;left:8526.6px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7343.04px;left:8885.16px;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:7343.04px;left:9513.47px;letter-spacing:-0.22px;white-space:nowrap">professional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7343.04px;left:10417.14px;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:7535.04px;left:0px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7535.04px;left:281.44px;white-space:nowrap">us
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7535.04px;left:483.03px;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:7535.04px;left:663.67px;white-space:nowrap">(800)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7535.04px;left:1058.23px;white-space:nowrap">257-8787.</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">102</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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Shareholder
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1871.68px;white-space:nowrap">Update
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:2984.16px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:25.02px;left:4235.41px;white-space:nowrap">(continued)</div></div> </div>
<div style="height:636.37px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.328px) 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,2.51px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:333.76px;left:0px;white-space:nowrap">CHANGES
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:333.76px;left:832.47px;white-space:nowrap">OCCURRING
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:333.76px;left:1845.74px;white-space:nowrap">DURING
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:333.76px;left:2527.17px;white-space:nowrap">THE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:333.76px;left:2882.69px;white-space:nowrap">PRIOR
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:333.76px;left:3407.16px;white-space:nowrap">FISCAL
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:900;position:absolute;top:333.76px;left:3990.83px;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:671.04px;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:671.04px;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:671.04px;left:1013.26px;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:671.04px;left:1878.05px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:671.04px;left:2049.89px;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:671.04px;left:2343px;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:671.04px;left:2858.84px;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:671.04px;left:3341.39px;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:671.04px;left:3492.43px;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:671.04px;left:3619.95px;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:671.04px;left:4307.46px;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:671.04px;left:4494.17px;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:671.04px;left:5021.37px;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:671.04px;left:5658.8px;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:671.04px;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:671.04px;left:6443.75px;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:671.04px;left:6840.71px;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:671.04px;left:7332.54px;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:671.04px;left:7729.66px;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:671.04px;left:8106.14px;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:671.04px;left:8437.97px;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:671.04px;left:9302.75px;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:671.04px;left:9643.71px;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:671.04px;left:9925.15px;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:671.04px;left:10413.94px;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:863.04px;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:863.04px;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:863.04px;left:462.23px;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:863.04px;left:1099.67px;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:863.04px;left:1422.39px;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:863.04px;left:1804.94px;letter-spacing:-0.32px;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:863.04px;left:2477.58px;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:863.04px;left:2883.65px;white-space:nowrap">you
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:863.04px;left:3189.09px;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:863.04px;left:3974.52px;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:863.04px;left:4466.52px;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:863.04px;left:4653.24px;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:863.04px;left:4780.76px;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:1199.04px;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:1199.04px;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:1199.04px;left:805.75px;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:1199.04px;left:1202.71px;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:1199.04px;left:1694.54px;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:1199.04px;left:2091.66px;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:1199.04px;left:2468.13px;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:1199.04px;left:2882.85px;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:1199.04px;left:3265.41px;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:1199.04px;left:3674.53px;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:1199.04px;left:3902.84px;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:1199.04px;left:4540.28px;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:1199.04px;left:4777.24px;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:1199.04px;left:4943.31px;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:1199.04px;left:5218.83px;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:1199.04px;left:5737.71px;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:1199.04px;left:6564.26px;white-space:nowrap">objectives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1199.04px;left:7331.61px;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:1199.04px;left:7645.84px;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:1199.04px;left:8303.27px;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:1199.04px;left:9129.82px;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:1199.04px;left:9716.37px;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:1199.04px;left:10039.09px;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:1391.04px;left:0px;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:1391.04px;left:281.44px;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:1391.04px;left:690.55px;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:1391.04px;left:1422.55px;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:1391.04px;left:1641.9px;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:1391.04px;left:2640.45px;white-space:nowrap">(ii)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1391.04px;left:2844.93px;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:1391.04px;left:3120.45px;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:1391.04px;left:3777.88px;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:1391.04px;left:4127.31px;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:1391.04px;left:4314.03px;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:1391.04px;left:4589.54px;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:1391.04px;left:5043.14px;white-space:nowrap">(iii)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1391.04px;left:5286.02px;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:1391.04px;left:5561.53px;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:1391.04px;left:6218.8px;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:1391.04px;left:6962.63px;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:1391.04px;left:7149.35px;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:1391.04px;left:7424.86px;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:1391.04px;left:7946.62px;white-space:nowrap">(iv)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1391.04px;left:8189.82px;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:1391.04px;left:8317.34px;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:1391.04px;left:8818.45px;white-space:nowrap">charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1391.04px;left:9360.37px;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:1391.04px;left:9552.84px;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:1391.04px;left:10130.59px;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:1583.04px;left:0px;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:1583.04px;left:479.99px;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:1583.04px;left:909.75px;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:1583.04px;left:1102.22px;letter-spacing:-0.36px;white-space:nowrap">prevent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1583.04px;left:1691.82px;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:1583.04px;left:1819.34px;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:1583.04px;left:2388.62px;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:1583.04px;left:2575.33px;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:1583.04px;left:3117.4px;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:1583.04px;left:3304.12px;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:1583.04px;left:3579.64px;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:1583.04px;left:3988.75px;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:1583.04px;left:4311.47px;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:1583.04px;left:4694.03px;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:1583.04px;left:4975.46px;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:1583.04px;left:5384.58px;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:1583.04px;left:6116.57px;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:1583.04px;left:6335.93px;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:1583.04px;left:7290px;white-space:nowrap">except
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1583.04px;left:7817.52px;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:1583.04px;left:8013.2px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1909.44px;left:4814.49px;white-space:nowrap">Principal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1909.44px;left:5466px;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:2255.04px;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:2255.04px;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:2255.04px;left:1013.26px;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:2255.04px;left:1670.69px;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:2255.04px;left:2020.13px;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:2255.04px;left:2408.28px;white-space:nowrap">consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2255.04px;left:3374.19px;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:2255.04px;left:3694.02px;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:2255.04px;left:3821.54px;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:2255.04px;left:4286.66px;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:2255.04px;left:4567.93px;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:2255.04px;left:5021.04px;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:2255.04px;left:5657.67px;white-space:nowrap">&#8220;Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2255.04px;left:6487.74px;white-space:nowrap">Sector
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2255.04px;left:6988.37px;white-space:nowrap">Risk,&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2255.04px;left:7438.93px;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:2255.04px;left:7753.17px;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:2255.04px;left:8019.89px;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:2255.04px;left:8716.04px;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:2255.04px;left:8944.36px;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:2255.04px;left:9450.91px;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:2255.04px;left:10111.7px;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:2447.04px;left:0px;white-space:nowrap">stand-alone
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2447.04px;left:883.03px;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:2447.04px;left:1540.46px;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:2783.04px;left:0px;white-space:nowrap">Sector
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2783.04px;left:500.63px;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:2783.04px;left:814.87px;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:2783.04px;left:1428.78px;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:2783.04px;left:1885.26px;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:2783.04px;left:2463.01px;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:2783.04px;left:2655.49px;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:2783.04px;left:2931px;white-space:nowrap">concentration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2783.04px;left:3956.11px;white-space:nowrap">limits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2783.04px;left:4373.38px;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:2783.04px;left:4560.1px;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:2783.04px;left:4835.61px;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:2783.04px;left:5336.73px;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:2783.04px;left:6163.28px;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:2783.04px;left:6749.83px;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:2783.04px;left:7064.07px;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:2783.04px;left:7887.74px;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:2783.04px;left:8015.26px;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:2783.04px;left:8424.38px;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:2783.04px;left:8765.34px;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:2783.04px;left:9224.53px;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:2783.04px;left:9352.05px;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:2975.04px;left:0px;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:2975.04px;left:565.59px;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:2975.04px;left:752.3px;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:2975.04px;left:956.46px;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:2975.04px;left:1231.98px;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:2975.04px;left:1706.05px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2975.04px;left:1877.89px;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:2975.04px;left:2405.08px;white-space:nowrap">sectors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2975.04px;left:2953.07px;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:2975.04px;left:3139.79px;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:2975.04px;left:3415.31px;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:2975.04px;left:4147.14px;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:2975.04px;left:4854.97px;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:2975.04px;left:5435.6px;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:2975.04px;left:5803.28px;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:2975.04px;left:5998.96px;white-space:nowrap">hospitals
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2975.04px;left:6674.31px;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:2975.04px;left:6988.54px;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:2975.04px;left:7412.06px;white-space:nowrap">health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2975.04px;left:7897.97px;letter-spacing:-0.58px;white-space:nowrap">care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2975.04px;left:8241.81px;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:2975.04px;left:8902.12px;white-space:nowrap">charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2975.04px;left:9444.03px;white-space:nowrap">schools
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2975.04px;left:10019.06px;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:3167.04px;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:3167.04px;left:423.51px;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:3167.04px;left:959.5px;white-space:nowrap">educational
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3167.04px;left:1836.61px;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:3167.04px;left:2496.92px;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:3167.04px;left:3033.23px;white-space:nowrap">taxing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3167.04px;left:3516.11px;white-space:nowrap">districts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3167.04px;left:4107.93px;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:3167.04px;left:4422.17px;white-space:nowrap">start-up
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3167.04px;left:5017.2px;white-space:nowrap">utility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3167.04px;left:5449.19px;white-space:nowrap">districts,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3167.04px;left:6085.5px;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:3167.04px;left:6399.74px;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:3167.04px;left:6935.73px;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:3167.04px;left:7477.64px;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:3167.04px;left:7969.63px;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:3167.04px;left:8668.82px;white-space:nowrap">industrial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3167.04px;left:9361.61px;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:3359.04px;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:3359.04px;left:491.99px;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:3359.04px;left:720.31px;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:3359.04px;left:1209.27px;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:3359.04px;left:1395.98px;white-space:nowrap">transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3359.04px;left:2444.12px;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:3359.04px;left:3262.19px;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:3359.04px;left:3629.87px;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:3359.04px;left:3825.55px;white-space:nowrap">airline
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3359.04px;left:4299.3px;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:3359.04px;left:5161.86px;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:3359.04px;left:5662.81px;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:3359.04px;left:6112.88px;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:3359.04px;left:6634.16px;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:3359.04px;left:6948.39px;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:3359.04px;left:7905.34px;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:3359.04px;left:8246.3px;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:3359.04px;left:8477.5px;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:3359.04px;left:8892.37px;white-space:nowrap">susceptible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3359.04px;left:9742.6px;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:3551.04px;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:3551.04px;left:785.59px;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:3551.04px;left:1482.07px;white-space:nowrap">political,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3551.04px;left:2130.53px;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:3551.04px;left:2900.6px;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:3551.04px;left:3214.84px;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:3551.04px;left:3638.35px;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:3551.04px;left:4702.18px;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:3551.04px;left:5060.74px;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:3551.04px;left:5484.25px;white-space:nowrap">sectors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3551.04px;left:6032.24px;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:3551.04px;left:6218.96px;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:3551.04px;left:6950.79px;white-space:nowrap">issuers.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3551.04px;left:7513.66px;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:3551.04px;left:7647.74px;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:3551.04px;left:7923.26px;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:3551.04px;left:8332.38px;white-space:nowrap">invests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3551.04px;left:8859.73px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3551.04px;left:8987.25px;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:3551.04px;left:9751.56px;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:3551.04px;left:10317.15px;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:3743.04px;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:3743.04px;left:204.16px;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:3743.04px;left:479.67px;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:3743.04px;left:953.75px;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:3743.04px;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:3743.04px;left:1401.1px;white-space:nowrap">sectors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3743.04px;left:1949.09px;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:3743.04px;left:2417.25px;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:3743.04px;left:2947.96px;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:3743.04px;left:3223.48px;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:3743.04px;left:3724.6px;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:3743.04px;left:4681.55px;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:3743.04px;left:5022.5px;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:3743.04px;left:5253.7px;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:3743.04px;left:5810.65px;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:3743.04px;left:6003.13px;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:3743.04px;left:6761.36px;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:3743.04px;left:7042.63px;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:3743.04px;left:7356.87px;letter-spacing:-1.23px;white-space:nowrap">variability.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4079.04px;left:0px;white-space:nowrap">Sector
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4079.04px;left:500.63px;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:4079.04px;left:963.19px;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:4079.04px;left:1464.14px;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:4079.04px;left:1671.5px;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:4079.04px;left:2145.41px;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:4079.04px;left:2420.93px;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:4079.04px;left:2830.05px;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:4079.04px;left:3171.01px;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:4079.04px;left:3591.96px;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:4079.04px;left:3796.12px;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:4079.04px;left:4690.83px;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:4079.04px;left:5037.7px;white-space:nowrap">overweight
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4079.04px;left:5878.97px;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:4079.04px;left:6083.13px;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:4079.04px;left:6977.83px;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:4079.04px;left:7540.55px;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:4079.04px;left:7733.02px;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:4079.04px;left:8008.54px;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:4079.04px;left:8526.93px;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:4079.04px;left:9258.76px;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:4079.04px;left:9966.59px;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:4271.04px;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:4271.04px;left:171.84px;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:4271.04px;left:489.12px;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:4271.04px;left:681.59px;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:4271.04px;left:1096.47px;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:4271.04px;left:1807.01px;white-space:nowrap">sectors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4271.04px;left:2399.48px;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:4271.04px;left:2852.92px;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:4271.04px;left:3193.88px;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:4271.04px;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:4271.04px;left:4026.35px;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:4271.04px;left:4435.47px;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:4271.04px;left:4627.94px;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:4271.04px;left:5386.17px;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:4271.04px;left:5667.44px;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:4271.04px;left:5981.68px;letter-spacing:-1.13px;white-space:nowrap">variability.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4271.04px;left:6733.83px;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:4271.04px;left:7462.46px;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:4271.04px;left:7957.33px;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:4271.04px;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:4271.04px;left:8404.69px;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:4271.04px;left:8825.65px;white-space:nowrap">sector
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4271.04px;left:9305.48px;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:4271.04px;left:9646.44px;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:4271.04px;left:9877.63px;white-space:nowrap">similarly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4463.04px;left:0px;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:4463.04px;left:625.27px;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:4463.04px;left:844.63px;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:4463.04px;left:1585.74px;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:4463.04px;left:1778.22px;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:4463.04px;left:2314.37px;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:4463.04px;left:2868.61px;white-space:nowrap">making
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4463.04px;left:3434.68px;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:4463.04px;left:3710.2px;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:4463.04px;left:4119.32px;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:4463.04px;left:4534.19px;white-space:nowrap">vulnerable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4463.04px;left:5322.34px;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:4463.04px;left:5514.82px;white-space:nowrap">unfavorable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4463.04px;left:6400.89px;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:4463.04px;left:7464.72px;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:4463.04px;left:7636.56px;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:4463.04px;left:7959.27px;white-space:nowrap">sector
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4463.04px;left:8439.1px;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:4463.04px;left:8797.66px;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:4463.04px;left:9233.33px;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:4463.04px;left:9556.05px;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:4463.04px;left:10015.24px;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:4655.04px;left:0px;letter-spacing:-1.96px;white-space:nowrap">broadly.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4655.04px;left:613.43px;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:4655.04px;left:835.83px;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:4655.04px;left:1111.35px;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:4655.04px;left:1970.7px;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:4655.04px;left:2157.42px;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:4655.04px;left:2432.93px;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:4655.04px;left:2934.05px;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:4655.04px;left:3660.45px;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:4655.04px;left:4161.24px;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:4655.04px;left:4807.16px;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:4655.04px;left:4978.99px;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:4655.04px;left:5106.51px;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:4655.04px;left:5817.06px;white-space:nowrap">sector
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4655.04px;left:6296.89px;letter-spacing:-0.26px;white-space:nowrap">increases,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4655.04px;left:7037.85px;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:4655.04px;left:7245.36px;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:4655.04px;left:7639.6px;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:4655.04px;left:7915.12px;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:4655.04px;left:8596.23px;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:4655.04px;left:8836.06px;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:4655.04px;left:9633.01px;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:4655.04px;left:9804.85px;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:4655.04px;left:10080.36px;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:4655.04px;left:10448.84px;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:4847.04px;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:4847.04px;left:275.52px;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:4847.04px;left:776.64px;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:4847.04px;left:1449.59px;letter-spacing:-0.41px;white-space:nowrap">shares.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5173.44px;left:3216.98px;white-space:nowrap">Developments
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5173.44px;left:4301.61px;letter-spacing:-0.29px;white-space:nowrap">Regarding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5173.44px;left:5083.84px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5173.44px;left:5359.36px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5173.44px;left:5878.24px;letter-spacing:-0.36px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5173.44px;left:6455.83px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5173.44px;left:6900.47px;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:5519.04px;left:0px;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:5519.04px;left:266.88px;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:5519.04px;left:909.75px;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:5519.04px;left:1087.67px;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:5519.04px;left:1532.47px;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:5519.04px;left:1807.99px;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:5519.04px;left:2285.27px;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:5519.04px;left:2599.5px;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:5519.04px;left:3126.7px;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:5519.04px;left:3550.21px;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:5519.04px;left:4388.92px;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:5519.04px;left:4824.6px;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:5519.04px;left:4996.44px;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:5519.04px;left:5271.95px;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:5519.04px;left:5873.87px;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:5519.04px;left:6241.39px;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:5519.04px;left:6896.42px;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:5519.04px;left:7622.66px;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:5519.04px;left:7989.69px;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:5519.04px;left:8611.92px;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:5519.04px;left:9184.07px;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:5519.04px;left:9607.59px;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:5711.04px;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:5711.04px;left:275.52px;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:5711.04px;left:1001.75px;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:5711.04px;left:1579.5px;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:5711.04px;left:2240.3px;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:5711.04px;left:3001.73px;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:5711.04px;left:3668.28px;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:5711.04px;left:3860.75px;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:5711.04px;left:4358.67px;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:5711.04px;left:4530.51px;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:5711.04px;left:5247.78px;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:5711.04px;left:5375.3px;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:5711.04px;left:6261.21px;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:5711.04px;left:6605.05px;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:5711.04px;left:7173.84px;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:5711.04px;left:7905.83px;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:5711.04px;left:8685.02px;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:5711.04px;left:8871.74px;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:5711.04px;left:9544.69px;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:5711.04px;left:10036.68px;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:5711.04px;left:10208.52px;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:5903.04px;left:0px;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:5903.04px;left:577.59px;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:5903.04px;left:1022.23px;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:5903.04px;left:1860.62px;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:5903.04px;left:2097.89px;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:5903.04px;left:2690.69px;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:5903.04px;left:2862.53px;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:5903.04px;left:3138.04px;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:5903.04px;left:3757.4px;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:5903.04px;left:4118.83px;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:5903.04px;left:4501.39px;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:5903.04px;left:4776.91px;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:5903.04px;left:5197.86px;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:5903.04px;left:5692.58px;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:5903.04px;left:6136.57px;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:5903.04px;left:6332.25px;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:5903.04px;left:6755.76px;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:5903.04px;left:7428.71px;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:5903.04px;left:8382.78px;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:5903.04px;left:8726.62px;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:5903.04px;left:8919.09px;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:5903.04px;left:9194.61px;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:5903.04px;left:9689.32px;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:6095.04px;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:6095.04px;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:6095.04px;left:494.88px;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:6095.04px;left:918.39px;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:6095.04px;left:1883.82px;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:6095.04px;left:2837.89px;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:6095.04px;left:3155px;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:6095.04px;left:3815.63px;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:6095.04px;left:4260.27px;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:6095.04px;left:4983.62px;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:6095.04px;left:5250.5px;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:6095.04px;left:5846.34px;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:6095.04px;left:6113.22px;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:6095.04px;left:6558.02px;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:6095.04px;left:6685.54px;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:6095.04px;left:7571.45px;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:6095.04px;left:7758.16px;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:6095.04px;left:8285.36px;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:6095.04px;left:8887.28px;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:6095.04px;left:9725.99px;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:6287.04px;left:0px;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:6287.04px;left:355.52px;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:6287.04px;left:483.03px;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:6287.04px;left:796.95px;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:6287.04px;left:1549.42px;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:6287.04px;left:1721.25px;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:6287.04px;left:1996.77px;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:6287.04px;left:2328.93px;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:6287.04px;left:2873.4px;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:6287.04px;left:3320.59px;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:6287.04px;left:3560.42px;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:6287.04px;left:3835.94px;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:6287.04px;left:4529.21px;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:6287.04px;left:5073.68px;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:6287.04px;left:5260.4px;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:6287.04px;left:5633.84px;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:6287.04px;left:5980.55px;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:6287.04px;left:6297.67px;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:6287.04px;left:6925.17px;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:6287.04px;left:7497px;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:6287.04px;left:8053.96px;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:6287.04px;left:8581.15px;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:6287.04px;left:9183.07px;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:6287.04px;left:9618.75px;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:6287.04px;left:9932.98px;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:6479.04px;left:0px;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:6479.04px;left:651.51px;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:6479.04px;left:1244.31px;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:6479.04px;left:1371.83px;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:6479.04px;left:2213.09px;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:6479.04px;left:2535.81px;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:6479.04px;left:2903.49px;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:6479.04px;left:3380.76px;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:6479.04px;left:3958.35px;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:6479.04px;left:4402.99px;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:6479.04px;left:5025.38px;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:6479.04px;left:5543.77px;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:6479.04px;left:5819.29px;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:6479.04px;left:6219.61px;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:6479.04px;left:6548.57px;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:6479.04px;left:7274.48px;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:6479.04px;left:7461.19px;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:6479.04px;left:7828.87px;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:6479.04px;left:8288.39px;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:6479.04px;left:8865.98px;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:6479.04px;left:9310.62px;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:6479.04px;left:9933.01px;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:6479.04px;left:10247.25px;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:6671.04px;left:0px;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:6671.04px;left:826.55px;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:6671.04px;left:1567.18px;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:6671.04px;left:2124.13px;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:6671.04px;left:2491.81px;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:6671.04px;left:2927.49px;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:6671.04px;left:3591.16px;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:6671.04px;left:3866.68px;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:6671.04px;left:4444.27px;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:6671.04px;left:4888.91px;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:6671.04px;left:5555.78px;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:6671.04px;left:5822.66px;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:6671.04px;left:6498.17px;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:6671.04px;left:6765.05px;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:6671.04px;left:7209.85px;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:6671.04px;left:7485.37px;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:6671.04px;left:8029.84px;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:6671.04px;left:8477.03px;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:6671.04px;left:9084.22px;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:6671.04px;left:9818.93px;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:6671.04px;left:9990.77px;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:6671.04px;left:10390.76px;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:6863.04px;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:6863.04px;left:275.52px;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:6863.04px;left:944.79px;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:6863.04px;left:1362.54px;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:6863.04px;left:1602.37px;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:6863.04px;left:2328.28px;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:6863.04px;left:2515px;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:6863.04px;left:2882.68px;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:6863.04px;left:3359.95px;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:6863.04px;left:3937.54px;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:6863.04px;left:4382.18px;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:6863.04px;left:5004.58px;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:6863.04px;left:5318.81px;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:6863.04px;left:5594.33px;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:6863.04px;left:6263.6px;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:6863.04px;left:7107.74px;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:6863.04px;left:7842.46px;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:6863.04px;left:8304.69px;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:6863.04px;left:8618.93px;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:6863.04px;left:9285.64px;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:6863.04px;left:9608.36px;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:6863.04px;left:9976.04px;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:7055.04px;left:0px;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:7055.04px;left:577.59px;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:7055.04px;left:1022.23px;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:7055.04px;left:1644.62px;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:7055.04px;left:2163.01px;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:7055.04px;left:2737.89px;white-space:nowrap">18(i)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7055.04px;left:3081.88px;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:7055.04px;left:3268.6px;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:7055.04px;left:3544.12px;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:7055.04px;left:3944.44px;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:7055.04px;left:4273.39px;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:7055.04px;left:5014.02px;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:7055.04px;left:5517.69px;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:7055.04px;left:5704.41px;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:7055.04px;left:5979.93px;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:7055.04px;left:6714.64px;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:7055.04px;left:6901.35px;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:7055.04px;left:7176.87px;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:7055.04px;left:7721.34px;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:7055.04px;left:8213.01px;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:7055.04px;left:8441.33px;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:7055.04px;left:9116.84px;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:7055.04px;left:9383.72px;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:7055.04px;left:9828.52px;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:7055.04px;left:10104.04px;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:7247.04px;left:0px;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:7247.04px;left:726.24px;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:7247.04px;left:1001.75px;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:7247.04px;left:1520.63px;white-space:nowrap">bylaws
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7247.04px;left:2045.1px;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:7247.04px;left:2237.58px;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:7247.04px;left:2827.17px;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:7247.04px;left:3149.89px;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:7247.04px;left:3425.4px;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:7247.04px;left:3944.28px;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:7247.04px;left:4521.87px;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:7247.04px;left:4966.51px;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:7247.04px;left:5520.74px;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:7247.04px;left:5882.18px;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:7247.04px;left:6113.38px;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:7247.04px;left:6300.09px;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:7247.04px;left:6528.41px;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:7247.04px;left:6931.45px;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:7247.04px;left:7245.68px;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:7247.04px;left:7690.16px;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:7247.04px;left:7929.99px;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:7247.04px;left:8137.51px;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:7247.04px;left:8501.98px;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:7247.04px;left:8697.66px;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:7247.04px;left:8973.18px;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:7247.04px;left:9707.89px;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:7247.04px;left:9894.61px;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:7439.04px;left:0px;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:7439.04px;left:544.47px;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:7439.04px;left:991.66px;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:7439.04px;left:1142.7px;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:7439.04px;left:1791.65px;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:7439.04px;left:2105.89px;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:7439.04px;left:2428.6px;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:7439.04px;left:2558.84px;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:7439.04px;left:2834.36px;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:7439.04px;left:3569.07px;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:7439.04px;left:3755.79px;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:7439.04px;left:4031.3px;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:7439.04px;left:4575.77px;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:7439.04px;left:5022.96px;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:7439.04px;left:5174px;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:7439.04px;left:5876.24px;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:7439.04px;left:6753.02px;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:7439.04px;left:7402.14px;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:7439.04px;left:7959.25px;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:7439.04px;left:8151.73px;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:7439.04px;left:8886.27px;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:7439.04px;left:9540.99px;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:7439.04px;left:9816.5px;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:7631.04px;left:0px;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:7631.04px;left:577.59px;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:7631.04px;left:1022.23px;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:7631.04px;left:1576.46px;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:7631.04px;left:1851.66px;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:7631.04px;left:2082.85px;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:7631.04px;left:3072.28px;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:7631.04px;left:3827.47px;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:7631.04px;left:4141.71px;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:7631.04px;left:4580.26px;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:7631.04px;left:4772.74px;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:7631.04px;left:5066.34px;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:7631.04px;left:5798.33px;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:7631.04px;left:6284.24px;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:7631.04px;left:6470.96px;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:7631.04px;left:7143.91px;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:7631.04px;left:7635.91px;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:7631.04px;left:8302.62px;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:7631.04px;left:8474.46px;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:7631.04px;left:8601.98px;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:7631.04px;left:9179.57px;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:7631.04px;left:9624.21px;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:7823.04px;left:0px;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:7823.04px;left:776.15px;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:7823.04px;left:962.87px;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:7823.04px;left:1584.94px;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:7823.04px;left:1952.62px;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:7823.04px;left:2530.21px;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:7823.04px;left:2974.85px;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:7823.04px;left:3813.23px;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:7823.04px;left:4317.07px;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:7823.04px;left:4829.7px;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:7823.04px;left:5022.18px;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:7823.04px;left:5392.25px;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:7823.04px;left:5759.93px;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:7823.04px;left:6829.2px;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:7823.04px;left:7069.03px;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:7823.04px;left:7344.55px;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:7823.04px;left:7987.26px;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:7823.04px;left:8173.97px;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:7823.04px;left:8449.49px;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:7823.04px;left:8775.41px;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:7823.04px;left:8967.88px;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:7823.04px;left:9382.92px;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:7823.04px;left:10029.16px;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:7823.04px;left:10215.87px;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:8015.04px;left:0px;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:8015.04px;left:675.67px;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:8015.04px;left:1416.31px;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:8015.04px;left:2331.49px;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:8015.04px;left:2974.52px;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:8015.04px;left:3167px;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:8015.04px;left:3901.55px;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:8015.04px;left:4588.74px;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:8015.04px;left:4864.26px;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:8015.04px;left:5598.97px;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:8015.04px;left:5785.68px;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:8015.04px;left:6061.2px;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:8015.04px;left:6605.67px;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:8015.04px;left:7097.34px;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:8015.04px;left:7364.22px;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:8015.04px;left:8039.73px;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:8015.04px;left:8306.61px;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:8015.04px;left:8751.41px;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:8015.04px;left:9026.93px;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:8015.04px;left:9498.13px;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:8015.04px;left:9812.36px;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:8015.04px;left:10087.88px;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:8207.04px;left:0px;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:8207.04px;left:720.15px;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:8207.04px;left:995.67px;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:8207.04px;left:1540.14px;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:8207.04px;left:2079.33px;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:8207.04px;left:2716.44px;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:8207.04px;left:2908.92px;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:8207.04px;left:3184.44px;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:8207.04px;left:3516.59px;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:8207.04px;left:3963.79px;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:8207.04px;left:4150.5px;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:8207.04px;left:4778.82px;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:8207.04px;left:5018.65px;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:8207.04px;left:5294.17px;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:8207.04px;left:5875.28px;letter-spacing:-0.36px;white-space:nowrap">Circuit.</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:10378.56px;white-space:nowrap">103</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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:2596.5px;letter-spacing:-7.2px;white-space:nowrap">Tax
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:3576.46px;letter-spacing:-8.73px;white-space:nowrap">Information</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:340px;position:absolute;top:482.43px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:613.75px;left:0px;position:absolute;top:0px;transform:translate(36.000px,134.941px) 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,[encoded data, 37452 characters])">
</div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11676 characters]);background-repeat:no-repeat;background-size:cover;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">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:278px;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:0px;left:1085.19px;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:1359.39px;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:0px;left:1703.78px;letter-spacing:0.4px;white-space:nowrap">Internal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:2433.97px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:3260.57px;white-space:nowrap">Code
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:3808.96px;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:0px;left:4201.76px;letter-spacing:-2.44px;white-space:nowrap">Treasury
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:4990.75px;white-space:nowrap">Regulations,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:6146.34px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:6805.33px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:7127.52px;letter-spacing:0.28px;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:0px;left:8264.1px;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:0px;left:8508.7px;white-space:nowrap">detailed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:9297.29px;letter-spacing:-1.57px;white-space:nowrap">below,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:9941.88px;letter-spacing:0px;white-space:nowrap">must
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:0px;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:240px;left:289px;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:240px;left:1148.19px;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:240px;left:1388.78px;letter-spacing:-0.26px;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:240px;left:2692.57px;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:240px;left:3911.16px;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:240px;left:4244.56px;white-space:nowrap">advised
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:4989.15px;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:240px;left:5229.74px;white-space:nowrap">consult
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:5922.33px;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:240px;left:6381.12px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:6703.32px;white-space:nowrap">advisor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:7399.51px;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:240px;left:7825.1px;letter-spacing:-0.45px;white-space:nowrap">respect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:8536.09px;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:240px;left:8776.69px;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:9121.08px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:9443.28px;white-space:nowrap">implications
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:480px;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:480px;left:233.4px;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:480px;left:692.19px;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:480px;left:1836.58px;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:480px;left:2229.37px;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:480px;left:3051.76px;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:480px;left:3588.35px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:480px;left:4188.35px;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:480px;left:4614.54px;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:480px;left:5132.73px;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:480px;left:5599.33px;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:480px;left:5943.72px;white-space:nowrap">actual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:480px;left:6528.92px;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:480px;left:7351.31px;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:480px;left:8187.89px;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:480px;left:8473.29px;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:480px;left:8999.08px;letter-spacing:-2.58px;white-space:nowrap">1099-DIV,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:480px;left:9919.08px;letter-spacing:0px;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:720px;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:720px;left:343.99px;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:720px;left:632.99px;white-space:nowrap">sent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:720px;left:1062.59px;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:720px;left:1303.18px;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:720px;left:2495.77px;white-space:nowrap">shortly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:720px;left:3143.55px;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:720px;left:3606.15px;white-space:nowrap">calendar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:720px;left:4424.74px;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:720px;left:4858.13px;white-space:nowrap">end.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:1126.77px;left:0px;letter-spacing:-2.44px;white-space:nowrap">Long-Term
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:1126.77px;left:1156.52px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:1126.77px;left:1951.15px;white-space:nowrap">Gains</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1404px;left:0px;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:1404px;left:278px;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:1404px;left:511.39px;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:1404px;left:944.79px;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:1404px;left:1400.59px;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:1404px;left:1878.78px;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:1404px;left:2390.18px;white-space:nowrap">designates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1404px;left:3412.37px;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:1404px;left:3756.77px;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:1404px;left:4630.55px;white-space:nowrap">distribution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1404px;left:5699.93px;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:1404px;left:6577.92px;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:1404px;left:6818.52px;white-space:nowrap">maximum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1404px;left:7744.71px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1404px;left:8481.9px;white-space:nowrap">allowable,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1404px;left:9441.08px;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:1404px;left:9685.68px;white-space:nowrap">being
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1644px;left:0px;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:1644px;left:466.59px;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:1644px;left:810.99px;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:1644px;left:1751.17px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1644px;left:2395.36px;white-space:nowrap">gains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1644px;left:2921.36px;white-space:nowrap">pursuant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1644px;left:3754.55px;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:1644px;left:3995.14px;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:1644px;left:4713.73px;white-space:nowrap">852(b)(3)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1644px;left:5544.33px;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:1644px;left:5777.72px;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:1644px;left:6122.12px;letter-spacing:0.4px;white-space:nowrap">Internal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1644px;left:6852.31px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1644px;left:7678.9px;white-space:nowrap">Code:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2287.2px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2095.2px;left:9497.77px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2095.2px;left:9819.05px;letter-spacing:-2.03px;white-space:nowrap">Long-Term</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2287.2px;left:9602.89px;letter-spacing:-0.36px;white-space:nowrap">Capital
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2287.2px;left:10192.17px;white-space:nowrap">Gains</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2493.16px;left:0px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2493.16px;left:10438.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2493.16px;left:10531.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2694.12px;left:0px;letter-spacing:-0.64px;white-space:nowrap">NRK</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2694.12px;left:10531.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:2895.08px;left:0px;letter-spacing:-1.28px;white-space:nowrap">NNY</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2895.08px;left:10531.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:3096.04px;left:0px;white-space:nowrap">NXN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3096.04px;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:0px;white-space:nowrap">104</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:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;letter-spacing:-8.73px;white-space:nowrap">Additional
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:2634.48px;letter-spacing:-7.68px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:4004.92px;letter-spacing:-8.73px;white-space:nowrap">Information</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:340px;position:absolute;top:482.43px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:613.75px;left:0px;position:absolute;top:0px;transform:translate(36.000px,134.941px) 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,[encoded data, 37452 characters])">
</div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12028 characters]);background-repeat:no-repeat;background-size:cover;height:636.59px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.104px) 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,2.74px) 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:2718.53px;left:0px;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:2718.53px;left:891.98px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:2718.53px;left:1147.18px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:2718.53px;left:2357.96px;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:2738.62px;left:3520.14px;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:2738.62px;left:3912.94px;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:2738.62px;left:4424.34px;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:2738.62px;left:4613.13px;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:2738.62px;left:5420.33px;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:2738.62px;left:5660.92px;text-rendering:optimizeLegibility;white-space:nowrap">file
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2738.62px;left:5983.12px;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:2738.62px;left:6238.31px;white-space:nowrap">complete
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2738.62px;left:7138.3px;white-space:nowrap">schedule
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2738.62px;left:7990.49px;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:2738.62px;left:8223.89px;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:2738.62px;left:9045.47px;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:2738.62px;left:9867.66px;letter-spacing:0px;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:2738.62px;left:10293.25px;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:2978.62px;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:2978.62px;left:910.79px;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:2978.62px;left:1303.59px;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:2978.62px;left:2230.18px;white-space:nowrap">Commission
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2978.62px;left:3382.16px;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:2978.62px;left:3912.36px;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:2978.62px;left:4212.15px;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:2978.62px;left:4556.55px;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:2978.62px;left:4937.54px;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:2978.62px;left:5330.33px;letter-spacing:-0.6px;white-space:nowrap">third
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2978.62px;left:5796.53px;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:2978.62px;left:6584.92px;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:2978.62px;left:6818.31px;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:2978.62px;left:7296.51px;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:2978.62px;left:7792.9px;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:2978.62px;left:8226.3px;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:2978.62px;left:8470.9px;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:2978.62px;left:8741.49px;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:2978.62px;left:9400.49px;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:2978.62px;left:9641.08px;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:2978.62px;left:9896.27px;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:3218.62px;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:3218.62px;left:285.4px;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:3218.62px;left:811.19px;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:3218.62px;left:1638.58px;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:3218.62px;left:2020.38px;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:3218.62px;left:2446.57px;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:3218.62px;left:3072.36px;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:3218.62px;left:3438.76px;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:3218.62px;left:4519.74px;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:3218.62px;left:4805.13px;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:3218.62px;left:5149.53px;letter-spacing:-3.7px;white-space:nowrap">SEC&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3218.62px;left:5690.73px;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:3218.62px;left:6434.92px;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:3218.62px;left:6660.71px;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:3798.53px;left:0px;white-space:nowrap">Nuveen
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:3798.53px;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:3798.53px;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:3798.53px;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:3798.53px;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:3818.62px;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:3818.62px;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:3818.62px;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:3818.62px;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:3818.62px;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:3818.62px;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:3818.62px;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:3818.62px;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:3818.62px;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:3818.62px;left:8940.48px;white-space:nowrap">voted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3818.62px;left:9510.87px;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:4058.62px;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:4058.62px;left:729.19px;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:4058.62px;left:969.78px;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:4058.62px;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:4058.62px;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:4058.62px;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:4058.62px;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:4058.62px;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:4058.62px;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:4058.62px;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:4058.62px;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:4058.62px;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:4058.62px;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:4058.62px;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:4058.62px;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:4058.62px;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:4058.62px;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:4298.62px;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:4298.62px;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:4298.62px;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:4298.62px;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:4298.62px;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:4298.62px;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:4298.62px;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:4298.62px;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:4298.62px;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:4298.62px;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:4298.62px;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:4298.62px;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:4298.62px;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:4298.62px;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:4298.62px;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:4298.62px;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:4298.62px;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:4298.62px;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:4538.62px;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:4538.62px;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:4538.62px;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:4538.62px;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:4538.62px;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:4538.62px;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:4538.62px;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:4538.62px;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:4538.62px;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:4538.62px;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:4538.62px;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:4538.62px;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:4538.62px;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:4538.62px;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:4538.62px;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:4538.62px;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:4538.62px;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:4538.62px;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:4538.62px;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:4778.62px;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:4778.62px;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:4778.62px;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:4778.62px;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:4778.62px;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:4778.62px;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:4778.62px;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:4778.62px;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:4778.62px;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:4778.62px;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:4778.62px;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:4778.62px;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:4778.62px;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:4778.62px;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:4778.62px;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:4778.62px;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:4778.62px;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:5018.62px;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:5018.62px;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:5018.62px;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:5018.62px;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:5018.62px;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:5018.62px;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:5018.62px;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:5018.62px;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:5018.62px;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:5018.62px;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:5598.53px;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:5598.53px;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:5598.53px;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:5618.62px;left:2736.76px;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:5618.62px;left:3129.56px;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:5618.62px;left:3755.96px;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:5618.62px;left:4281.95px;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:5618.62px;left:5193.34px;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:5618.62px;left:5852.73px;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:5618.62px;left:6438.53px;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:5618.62px;left:6794.33px;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:5618.62px;left:7753.11px;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:5618.62px;left:7993.71px;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:5618.62px;left:8338.1px;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:5618.62px;left:8804.9px;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:5618.62px;left:9238.29px;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:5858.62px;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:5858.62px;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:5858.62px;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:5858.62px;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:5858.62px;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:5858.62px;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:5858.62px;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:5858.62px;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:5858.62px;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:5858.62px;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:5858.62px;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:5858.62px;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:5858.62px;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:5858.62px;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:5858.62px;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:5858.62px;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:5858.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6098.62px;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:6338.62px;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:6338.62px;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:6918.53px;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:6918.53px;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:6918.53px;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:6938.62px;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:6938.62px;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:6938.62px;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:6938.62px;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:6938.62px;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:6938.62px;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:6938.62px;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:6938.62px;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:6938.62px;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:6938.62px;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:6938.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7178.62px;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:7418.62px;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:7418.62px;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:7418.62px;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:7418.62px;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:7418.62px;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:7418.62px;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:7418.62px;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:7418.62px;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:7418.62px;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:7418.62px;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:7418.62px;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:7418.62px;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:7418.62px;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:7418.62px;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:7418.62px;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:7418.62px;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:7418.62px;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:7418.62px;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:7418.62px;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:7658.62px;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:7658.62px;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:7658.62px;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:7658.62px;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:7658.62px;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:7658.62px;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:7658.62px;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:7658.62px;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:7658.62px;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:7658.62px;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:7658.62px;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:7658.62px;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:7658.62px;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:9237.98px;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:9237.98px;left:677.79px;letter-spacing:-0.28px;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:9258.08px;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:9258.08px;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:9258.08px;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:9258.08px;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:9258.08px;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:9258.08px;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:9258.08px;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:9258.08px;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:9258.08px;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:9258.08px;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:9498.08px;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:9498.08px;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:9498.08px;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:9498.08px;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:9498.08px;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:9498.08px;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:9498.08px;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:9498.08px;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:9498.08px;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:9498.08px;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:9498.08px;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:9498.08px;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:9498.08px;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:9498.08px;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:9498.08px;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:9498.08px;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:9738.08px;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:9738.08px;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:9738.08px;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:9738.08px;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:9738.08px;left:3230.56px;letter-spacing:-0.3px;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:9738.08px;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:9738.08px;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:9738.08px;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:9738.08px;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:9738.08px;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:9738.08px;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:9738.08px;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:9738.08px;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:9738.08px;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:9738.08px;left:8524.5px;letter-spacing:-0.3px;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:9738.08px;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:9978.08px;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:9978.08px;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:9978.08px;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:9978.08px;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:9978.08px;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:9978.08px;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:9978.08px;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:9978.08px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;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:160px;font-weight:bold;position:absolute;top:1344.86px;left:2851.2px;white-space:nowrap">Custodian
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1536.86px;left:2851.2px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1536.86px;left:3257.27px;letter-spacing:-0.55px;white-space:nowrap">Street
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1536.86px;left:3725.75px;white-space:nowrap">Bank</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1728.86px;left:2851.2px;white-space:nowrap">&amp;
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1728.86px;left:3000px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1728.86px;left:3389.11px;letter-spacing:-0.27px;white-space:nowrap">Company</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.86px;left:2851.2px;white-space:nowrap">One
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.86px;left:3211.68px;white-space:nowrap">Lincoln
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.86px;left:3777.27px;letter-spacing:-0.64px;white-space:nowrap">Street</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.86px;left:2851.2px;letter-spacing:-0.6px;white-space:nowrap">Boston,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.86px;left:3439.99px;letter-spacing:-0.96px;white-space:nowrap">MA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.86px;left:3730.87px;white-space:nowrap">02111</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1344.86px;left:4579.2px;letter-spacing:-0.48px;white-space:nowrap">Legal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1344.86px;left:5039.35px;letter-spacing:-0.27px;white-space:nowrap">Counsel</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1536.86px;left:4579.2px;white-space:nowrap">Chapman
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1536.86px;left:5334.39px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1536.86px;left:5654.71px;white-space:nowrap">Cutler
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1728.86px;left:4579.2px;white-space:nowrap">LLP</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.86px;left:4579.2px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.86px;left:5266.87px;letter-spacing:-1.28px;white-space:nowrap">IL
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.86px;left:5426.23px;white-space:nowrap">60603</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1344.86px;left:6307.2px;white-space:nowrap">Independent
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1344.86px;left:7355.03px;letter-spacing:-0.44px;white-space:nowrap">Registered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1536.86px;left:6307.2px;letter-spacing:-0.98px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1536.86px;left:6819.04px;white-space:nowrap">Accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1536.86px;left:7745.26px;letter-spacing:-0.72px;white-space:nowrap">Firm</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1728.86px;left:6307.2px;white-space:nowrap">KPMG
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1728.86px;left:6806.87px;white-space:nowrap">LLP</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.86px;left:6307.2px;white-space:nowrap">200
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.86px;left:6625.59px;white-space:nowrap">East
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.86px;left:6967.51px;letter-spacing:-0.21px;white-space:nowrap">Randolph
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.86px;left:7714.7px;letter-spacing:-0.64px;white-space:nowrap">Street</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.86px;left:6307.2px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.86px;left:6994.87px;letter-spacing:-1.28px;white-space:nowrap">IL
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.86px;left:7154.23px;white-space:nowrap">60601</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1344.86px;left:8323.2px;letter-spacing:-1.88px;white-space:nowrap">Transfer
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1344.86px;left:8981.28px;white-space:nowrap">Agent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1344.86px;left:9496.63px;white-space:nowrap">and</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:1536.86px;left:8323.2px;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:bold;position:absolute;top:1536.86px;left:9314.39px;white-space:nowrap">Services</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1728.86px;left:8323.2px;letter-spacing:-0.34px;white-space:nowrap">Computershare
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1728.86px;left:9499.36px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1728.86px;left:9885.77px;letter-spacing:-1.39px;white-space:nowrap">Company,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.86px;left:8323.2px;letter-spacing:-0.96px;white-space:nowrap">N.A.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.86px;left:8675.84px;white-space:nowrap">150
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.86px;left:8994.23px;letter-spacing:-0.27px;white-space:nowrap">Royall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.86px;left:9470.07px;letter-spacing:-0.64px;white-space:nowrap">Street</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.86px;left:8323.2px;letter-spacing:-0.96px;white-space:nowrap">Canton,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.86px;left:8932.15px;letter-spacing:-0.96px;white-space:nowrap">MA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.86px;left:9223.03px;white-space:nowrap">02021</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2304.86px;left:8323.2px;white-space:nowrap">(800)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2304.86px;left:8737.59px;white-space:nowrap">257-8787</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8343.59px;left:5937.76px;white-space:nowrap">NAN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8343.59px;left:7402.88px;letter-spacing:-0.64px;white-space:nowrap">NRK</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8343.59px;left:8831.2px;letter-spacing:-1.28px;white-space:nowrap">NNY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:bold;position:absolute;top:8343.59px;left:10261.92px;white-space:nowrap">NXN</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8598.32px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8598.32px;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:160px;position:absolute;top:8598.32px;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:160px;position:absolute;top:8598.32px;left:6214.4px;white-space:nowrap">0
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8598.32px;left:7654.4px;white-space:nowrap">0</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8598.32px;left:9094.4px;white-space:nowrap">0
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8598.32px;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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:&quot;Times New Roman&quot;, Times, 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:10378.56px;white-space:nowrap">105</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,[encoded data, 38960 characters])">
</div> </div> <div style="height:636.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:12657.02px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.83px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:-1.6px;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:-1.6px;left:844.59px;white-space:nowrap">Annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:-1.6px;left:1551.97px;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:-1.6px;left:2062.96px;letter-spacing:0.6px;white-space:nowrap">Return</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:-1.6px;left:2692.55px;white-space:nowrap">:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:2807.35px;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:0px;left:3222.14px;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:0px;left:3410.94px;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:0px;left:3570.34px;white-space:nowrap">commonly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:4555.92px;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:0px;left:5041.32px;white-space:nowrap">method
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:5796.91px;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:0px;left:6037.51px;letter-spacing:-0.45px;white-space:nowrap">express
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:6767.3px;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:0px;left:7037.9px;letter-spacing:-1.71px;white-space:nowrap">investment&#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:8186.09px;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:0px;left:9382.27px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:9830.46px;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:240px;left:0px;letter-spacing:-1.53px;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:240px;left:925.38px;white-space:nowrap">usually
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:1584.78px;white-space:nowrap">multi-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:2528.76px;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:240px;left:2980.36px;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:240px;left:3680.15px;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:240px;left:3854.94px;letter-spacing:-0.36px;white-space:nowrap">expresses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:4781.13px;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:240px;left:5125.53px;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:240px;left:5713.92px;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:240px;left:6117.32px;white-space:nowrap">would
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:6717.31px;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:240px;left:7195.5px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:7706.9px;white-space:nowrap">necessary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:8629.5px;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:240px;left:9107.69px;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:240px;left:9541.09px;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:240px;left:9781.68px;letter-spacing:0px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:480px;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:480px;left:344.4px;letter-spacing:-1.71px;white-space:nowrap">investment&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:480px;left:1492.58px;white-space:nowrap">actual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:480px;left:2077.78px;white-space:nowrap">cumulative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:480px;left:3096.37px;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:480px;left:4292.55px;white-space:nowrap">(including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:480px;left:5218.54px;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:480px;left:5930.13px;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:480px;left:6144.93px;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:480px;left:6605.53px;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:480px;left:6846.12px;letter-spacing:-0.6px;white-space:nowrap">offer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:480px;left:7312.72px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:480px;left:7812.51px;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:480px;left:8205.31px;letter-spacing:-0.33px;white-space:nowrap">reinvested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:480px;left:9186.7px;white-space:nowrap">dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:480px;left:10108.89px;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:720px;left:0px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:720px;left:644.19px;white-space:nowrap">gains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:720px;left:1170.18px;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:720px;left:2380.36px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:720px;left:2543.16px;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:720px;left:2962.16px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:720px;left:3410.35px;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:720px;left:3754.75px;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:720px;left:4206.34px;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:720px;left:4850.53px;white-space:nowrap">being
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:720px;left:5420.92px;letter-spacing:-0.33px;white-space:nowrap">considered.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1138.4px;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:1138.4px;left:878.19px;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:1140px;left:1856.17px;letter-spacing:-0.36px;white-space:nowrap">Effective
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1140px;left:2674.76px;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:1140px;left:3500.75px;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:1140px;left:3689.55px;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:1140px;left:3848.95px;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:1140px;left:4423.34px;letter-spacing:-0.36px;white-space:nowrap">effective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1140px;left:5234.53px;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:1140px;left:6160.92px;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:1140px;left:7042.51px;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:1140px;left:7435.31px;white-space:nowrap">includes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1140px;left:8224.3px;white-space:nowrap">both
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1140px;left:8698.3px;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:1140px;left:9660.88px;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:1380px;left:0px;white-space:nowrap">(see
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1380px;left:415.2px;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:1380px;left:1293.19px;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:1380px;left:1685.99px;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:1380px;left:2030.38px;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:1380px;left:2856.38px;letter-spacing:-0.45px;white-space:nowrap">effects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1380px;left:3497.17px;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:1380px;left:3730.56px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1380px;left:4389.55px;white-space:nowrap">derivative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1380px;left:5315.14px;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:1380px;left:6433.53px;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:1380px;left:6648.32px;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:1380px;left:6992.72px;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:1380px;left:7567.12px;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:1380px;left:8444.3px;letter-spacing:-2px;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:1380px;left:9351.49px;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:1380px;left:9695.88px;letter-spacing:0px;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:1620px;left:0px;letter-spacing:-0.45px;white-space:nowrap">effects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1620px;left:640.79px;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:1620px;left:874.19px;letter-spacing:-3.17px;white-space:nowrap">Tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1620px;left:1544.58px;white-space:nowrap">Option
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1620px;left:2233.37px;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:1620px;left:2766.97px;white-space:nowrap">(TOB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1620px;left:3334.16px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1620px;left:4019.35px;text-rendering:optimizeLegibility;white-space:nowrap">floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1620px;left:4648.74px;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:1620px;left:5470.93px;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:1620px;left:5804.33px;white-space:nowrap">included
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1620px;left:6630.32px;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:1620px;left:6845.12px;letter-spacing:-0.36px;white-space:nowrap">effective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1620px;left:7656.31px;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:1620px;left:8482.3px;white-space:nowrap">values,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1620px;left:9149.3px;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:1620px;left:9364.1px;white-space:nowrap">addition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1620px;left:10160.08px;letter-spacing: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:1860px;left:0px;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:1860px;left:367px;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:1860px;left:1329.58px;white-space:nowrap">leverage.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:2278.4px;left:0px;letter-spacing:-0.6px;white-space:nowrap">Gross
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:2278.4px;left:588.59px;white-space:nowrap">Domestic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:2278.4px;left:1525.37px;letter-spacing:-0.45px;white-space:nowrap">Product
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:2278.4px;left:2317.96px;white-space:nowrap">(GDP):</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2280px;left:2980.75px;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:2280px;left:3373.55px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2280px;left:3832.34px;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:2280px;left:4502.53px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2280px;left:5028.72px;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:2280px;left:5262.12px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2280px;left:5517.51px;text-rendering:optimizeLegibility;white-space:nowrap">final
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2280px;left:5943.51px;white-space:nowrap">goods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2280px;left:6565.9px;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:2280px;left:6958.7px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2280px;left:7714.29px;letter-spacing:-0.4px;white-space:nowrap">produced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2280px;left:8636.68px;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:2280px;left:8851.48px;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:2280px;left:9010.88px;letter-spacing:-0.24px;white-space:nowrap">country/region
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2280px;left:10381.06px;letter-spacing: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:2520px;left:0px;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:2520px;left:159.4px;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:2520px;left:703.99px;letter-spacing:-3.07px;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:2520px;left:1174.59px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2520px;left:1726.59px;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:2520px;left:1967.18px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2520px;left:2425.97px;letter-spacing:-1.84px;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:2520px;left:3389.36px;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:2520px;left:4422.55px;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:2520px;left:4815.35px;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:2520px;left:5959.73px;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:2520px;left:6904.32px;white-space:nowrap">plus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2520px;left:7326.52px;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:2520px;left:7670.92px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2520px;left:8197.11px;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:2520px;left:8430.51px;white-space:nowrap">exports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2520px;left:9208.1px;white-space:nowrap">minus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2520px;left:9789.69px;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:2520px;left:10134.09px;letter-spacing:0px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2760px;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:2760px;left:233.4px;white-space:nowrap">imports.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3178.4px;left:0px;white-space:nowrap">Inverse
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3178.4px;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:3178.4px;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:3178.4px;left:2040.76px;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:3180px;left:3059.54px;white-space:nowrap">Inverse
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3180px;left:3749.53px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3180px;left:4482.72px;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:3180px;left:4886.11px;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:3180px;left:5770.9px;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:3180px;left:6104.3px;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:3180px;left:6448.7px;letter-spacing:-0.4px;white-space:nowrap">residual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3180px;left:7196.69px;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:3180px;left:7914.68px;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:3180px;left:8129.48px;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:3180px;left:8288.88px;white-space:nowrap">tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3180px;left:8933.07px;white-space:nowrap">option
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3180px;left:9573.66px;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:3420px;left:0px;white-space:nowrap">(TOB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3420px;left:567.19px;white-space:nowrap">trust,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3420px;left:1073.98px;white-space:nowrap">sometimes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3420px;left:2096.17px;letter-spacing:-0.8px;white-space:nowrap">referred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3420px;left:2858.76px;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:3420px;left:3099.36px;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:3420px;left:3343.95px;white-space:nowrap">&#8220;inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3420px;left:4132.95px;text-rendering:optimizeLegibility;white-space:nowrap">floaters&#8221;,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3420px;left:5006.93px;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:3420px;left:5340.33px;letter-spacing:-0.45px;white-space:nowrap">created
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3420px;left:6069.92px;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:3420px;left:6344.12px;white-space:nowrap">depositing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3420px;left:7354.91px;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:3420px;left:7514.31px;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:3420px;left:8429.1px;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:3420px;left:9014.49px;white-space:nowrap">typically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3420px;left:9795.68px;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:3420px;left:10221.27px;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:3660px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">fixed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3660px;left:492.79px;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:3660px;left:1210.78px;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:3660px;left:1669.78px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3660px;left:2069.57px;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:3660px;left:2228.97px;white-space:nowrap">special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3660px;left:2899.36px;white-space:nowrap">purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3660px;left:3691.95px;white-space:nowrap">trust.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3660px;left:4198.74px;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:3660px;left:4613.54px;white-space:nowrap">trust,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3660px;left:5120.33px;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:3660px;left:5335.13px;letter-spacing:0.6px;white-space:nowrap">turn,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3660px;left:5805.12px;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:3660px;left:6068.52px;white-space:nowrap">issues
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3660px;left:6650.11px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3660px;left:7383.3px;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:3660px;left:7786.69px;text-rendering:optimizeLegibility;white-space:nowrap">certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3660px;left:8801.07px;white-space:nowrap">typically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3660px;left:9582.26px;white-space:nowrap">paying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3900px;left:0px;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:3900px;left:987.98px;white-space:nowrap">tax-exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3900px;left:2054.57px;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:3900px;left:2772.56px;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:3900px;left:3261.15px;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:3900px;left:3501.74px;letter-spacing:-0.6px;white-space:nowrap">third
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3900px;left:3967.94px;white-space:nowrap">parties
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3900px;left:4626.72px;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:3900px;left:4841.52px;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:3900px;left:5663.91px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3900px;left:6215.91px;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:3900px;left:6456.5px;white-space:nowrap">some
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3900px;left:6997.5px;white-space:nowrap">fraction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3900px;left:7723.08px;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:3900px;left:7956.48px;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:3900px;left:8300.88px;white-space:nowrap">deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3900px;left:9263.66px;letter-spacing:-3.17px;white-space:nowrap">bond&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4140px;left:0px;white-space:nowrap">par
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4140px;left:347.99px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4140px;left:1085.19px;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:4140px;left:1325.78px;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:4140px;left:1995.97px;white-space:nowrap">value,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4140px;left:2577.77px;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:4140px;left:2970.57px;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:4140px;left:3252.36px;white-space:nowrap">issues
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4140px;left:3833.96px;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:4140px;left:4104.56px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4140px;left:4789.75px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4140px;left:5522.94px;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:4140px;left:5926.33px;text-rendering:optimizeLegibility;white-space:nowrap">certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4140px;left:6855.51px;white-space:nowrap">(sometimes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4140px;left:7929.7px;letter-spacing:-0.8px;white-space:nowrap">referred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4140px;left:8692.29px;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:4140px;left:8932.89px;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:4140px;left:9177.48px;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:4140px;left:9448.08px;white-space:nowrap">&#8220;inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4380px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">floater&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4380px;left:785.19px;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:4380px;left:1025.78px;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:4380px;left:1296.38px;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:4380px;left:2055.37px;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:4380px;left:2566.96px;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:4380px;left:2811.56px;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:4380px;left:2970.96px;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:4380px;left:3534.36px;letter-spacing:-0.33px;white-space:nowrap">interested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4380px;left:4485.75px;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:4380px;left:4700.55px;white-space:nowrap">gaining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4380px;left:5422.74px;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:4380px;left:6455.93px;letter-spacing:-0.4px;white-space:nowrap">exposure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4380px;left:7330.32px;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:4380px;left:7570.91px;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:4380px;left:7730.31px;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:4380px;left:8670.5px;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:4380px;left:9585.28px;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:4380px;left:10170.68px;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:4620px;left:0px;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:4620px;left:711.39px;letter-spacing:-0.4px;white-space:nowrap">received
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4620px;left:1526.39px;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:4620px;left:1800.58px;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:4620px;left:2144.98px;white-space:nowrap">holder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4620px;left:2778.17px;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:4620px;left:3011.57px;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:4620px;left:3355.96px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4620px;left:4041.16px;text-rendering:optimizeLegibility;white-space:nowrap">floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4620px;left:4670.54px;white-space:nowrap">varies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4620px;left:5237.14px;white-space:nowrap">inversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4620px;left:6066.73px;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:4620px;left:6492.32px;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:4620px;left:6836.72px;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:4620px;left:7824.69px;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:4620px;left:8228.09px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4620px;left:8679.88px;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:4620px;left:8920.48px;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:4620px;left:9264.87px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4620px;left:9998.06px;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:4860px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">certificates&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4860px;left:1066.38px;white-space:nowrap">holders,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4860px;left:1840.37px;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:4860px;left:2233.17px;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:4860px;left:2447.97px;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:4860px;left:2944.16px;letter-spacing:-0.26px;white-space:nowrap">circumstances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4860px;left:4244.35px;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:4860px;left:4588.74px;white-space:nowrap">holder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4860px;left:5221.93px;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:4860px;left:5455.33px;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:4860px;left:5799.73px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4860px;left:6484.92px;text-rendering:optimizeLegibility;white-space:nowrap">floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4860px;left:7114.31px;white-space:nowrap">bears
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4860px;left:7658.7px;white-space:nowrap">substantially
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4860px;left:8810.08px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4860px;left:9065.48px;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:4860px;left:9298.87px;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:4860px;left:9643.27px;white-space:nowrap">underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5100px;left:0px;letter-spacing:-3.17px;white-space:nowrap">bond&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5100px;left:644.79px;white-space:nowrap">downside
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5100px;left:1563.38px;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:5100px;left:2596.57px;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:5100px;left:3003.76px;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:5100px;left:3396.56px;white-space:nowrap">holder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5100px;left:4029.75px;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:5100px;left:4263.15px;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:5100px;left:4607.54px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5100px;left:5292.74px;text-rendering:optimizeLegibility;white-space:nowrap">floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5100px;left:5922.13px;white-space:nowrap">typically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5100px;left:6703.31px;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:5100px;left:7114.51px;text-rendering:optimizeLegibility;white-space:nowrap">benefits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5100px;left:7884.9px;letter-spacing:-0.19px;white-space:nowrap">disproportionately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5100px;left:9576.67px;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:5100px;left:10043.26px;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:5340px;left:0px;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:5340px;left:851.39px;letter-spacing:-0.28px;white-space:nowrap">appreciation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5340px;left:2021.57px;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:5340px;left:2254.97px;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:5340px;left:2599.36px;white-space:nowrap">underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5340px;left:3602.95px;letter-spacing:-3.17px;white-space:nowrap">bond&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5340px;left:4247.74px;white-space:nowrap">value.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5340px;left:4829.54px;white-space:nowrap">Hence,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5340px;left:5515.14px;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:5340px;left:5785.74px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5340px;left:6470.93px;text-rendering:optimizeLegibility;white-space:nowrap">floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5340px;left:7100.32px;white-space:nowrap">essentially
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5340px;left:8070.5px;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:5340px;left:9055.5px;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:5340px;left:9326.1px;letter-spacing:0px;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:5340px;left:10359.28px;letter-spacing: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:5580px;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:5580px;left:344.4px;white-space:nowrap">underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5580px;left:1347.99px;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:5580px;left:1877.78px;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:5580px;left:2163.18px;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:5580px;left:2322.58px;white-space:nowrap">leveraged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5580px;left:3270.77px;white-space:nowrap">basis.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5998.4px;left:0px;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:6000px;left:977.98px;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:6000px;left:1855.98px;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:6000px;left:2044.78px;letter-spacing:-0.45px;white-space:nowrap">created
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6000px;left:2774.37px;white-space:nowrap">whenever
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6000px;left:3693.16px;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:6000px;left:3852.56px;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:6000px;left:4311.96px;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:6000px;left:4667.76px;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:6000px;left:5700.94px;letter-spacing:-0.4px;white-space:nowrap">exposure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6000px;left:6575.34px;white-space:nowrap">(both
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6000px;left:7101.33px;letter-spacing:-1.03px;white-space:nowrap">reward
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6000px;left:7764.12px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6000px;left:8415.91px;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:6000px;left:8819.5px;white-space:nowrap">equivalent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6000px;left:9804.69px;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:6000px;left:10045.29px;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:6240px;left:0px;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:6240px;left:448.2px;white-space:nowrap">100%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6240px;left:1003.99px;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:6240px;left:1237.39px;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:6240px;left:1581.79px;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:6240px;left:2614.97px;white-space:nowrap">capital.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6658.4px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6658.4px;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:6658.4px;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:6658.4px;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:6658.4px;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:6658.4px;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:200px;font-weight:300;position:absolute;top:6660px;left:3172.34px;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:6660px;left:3365.14px;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:6660px;left:3939.53px;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:6660px;left:4328.33px;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:6660px;left:4954.32px;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:6660px;left:5143.12px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6660px;left:5695.11px;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:6660px;left:5935.71px;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:6660px;left:6190.9px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6660px;left:6649.69px;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:6660px;left:7242.29px;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:6660px;left:8234.67px;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:6660px;left:8742.47px;white-space:nowrap">accrued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6660px;left:9505.66px;letter-spacing:0.4px;white-space:nowrap">earnings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6900px;left: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:6900px;left:392.8px;letter-spacing:-0.28px;white-space:nowrap">receivables)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6900px;left:1496.79px;white-space:nowrap">less
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6900px;left:1881.98px;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:6900px;left:2137.18px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6900px;left:2595.97px;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:6900px;left:3483.95px;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:6900px;left:3944.55px;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:6900px;left:4299.94px;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:6900px;left:4829.74px;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:6900px;left:5018.54px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6900px;left:5570.53px;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:6900px;left:5811.13px;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:6900px;left:6155.52px;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:6900px;left:6729.92px;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:6900px;left:7118.72px;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:6900px;left:7744.71px;white-space:nowrap">divided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6900px;left:8470.5px;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:6900px;left:8744.7px;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:6900px;left:8999.89px;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:6900px;left:9748.08px;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:6900px;left:9981.48px;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:7140px;left:0px;white-space:nowrap">outstanding.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7558.4px;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:7558.4px;left:1340.98px;letter-spacing:-0.19px;white-space:nowrap">Bond/Pre-Refunding:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7560px;left:3359.74px;letter-spacing:-0.28px;white-space:nowrap">Pre-Refunded
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7560px;left:4637.73px;letter-spacing:-0.18px;white-space:nowrap">Bond/Pre-Refunding,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7560px;left:6571.31px;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:7560px;left:6982.5px;white-space:nowrap">known
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7560px;left:7619.89px;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:7560px;left:7864.49px;white-space:nowrap">advanced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7560px;left:8787.29px;letter-spacing:-0.33px;white-space:nowrap">refundings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7560px;left:9787.28px;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:7800px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">refinancings,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7800px;left:1181.79px;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:7800px;left:1370.59px;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:7800px;left:1529.99px;letter-spacing:-0.72px;white-space:nowrap">procedure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7800px;left:2504.18px;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:7800px;left:2989.58px;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:7800px;left:3263.77px;white-space:nowrap">state
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7800px;left:3752.37px;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:7800px;left:4145.16px;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:7800px;left:4615.55px;letter-spacing:0.3px;white-space:nowrap">governments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7800px;left:5845.14px;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:7800px;left:6085.73px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7800px;left:6956.53px;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:7800px;left:7871.32px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7800px;left:8486.31px;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:7800px;left:8726.9px;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:7800px;left:9271.09px;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:8040px;left:0px;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:8040px;left:945px;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:8040px;left:1337.79px;white-space:nowrap">issuer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8040px;left:1900.59px;white-space:nowrap">sells
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8040px;left:2333.78px;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:8040px;left:2756.18px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8040px;left:3371.17px;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:8040px;left:3796.76px;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:8040px;left:3956.16px;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:8040px;left:4500.35px;white-space:nowrap">yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8040px;left:4981.74px;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:8040px;left:5374.54px;white-space:nowrap">uses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8040px;left:5822.94px;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:8040px;left:6167.34px;letter-spacing:-0.4px;white-space:nowrap">proceeds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8040px;left:7052.73px;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:8040px;left:7293.32px;white-space:nowrap">buy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8040px;left:7678.72px;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:8040px;left:8093.92px;letter-spacing:-2.44px;white-space:nowrap">Treasury
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8040px;left:8882.91px;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:8040px;left:9823.3px;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:8280px;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:8280px;left:717.99px;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:8280px;left:1184.58px;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:8280px;left:1751.38px;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:8280px;left:1940.17px;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:8280px;left:2425.57px;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:8280px;left:2666.17px;white-space:nowrap">make
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8280px;left:3203.56px;white-space:nowrap">payments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8280px;left:4125.95px;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:8280px;left:4411.35px;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:8280px;left:4755.75px;letter-spacing:-0.69px;white-space:nowrap">higher-yielding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8280px;left:6144.33px;white-space:nowrap">bonds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8280px;left:6814.92px;white-space:nowrap">Because
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8280px;left:7615.52px;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:8280px;left:7848.91px;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:8280px;left:8215.31px;white-space:nowrap">collateral,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8280px;left:9137.09px;letter-spacing:-0.51px;white-space:nowrap">pre-refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8520px;left:0px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8520px;left:873.99px;white-space:nowrap">raises
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8520px;left:1429.38px;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:8520px;left:1588.78px;letter-spacing:-3.17px;white-space:nowrap">bond&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8520px;left:2233.58px;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:8520px;left:2796.17px;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:8520px;left:3369.76px;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:8520px;left:3762.55px;white-space:nowrap">thus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8520px;left:4192.15px;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:8520px;left:4447.34px;white-space:nowrap">value.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8938.4px;left:0px;white-space:nowrap">Regulatory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8938.4px;left:1081.58px;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:8940px;left:2059.56px;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:8940px;left:3077.95px;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:8940px;left:3955.94px;white-space:nowrap">consists
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8940px;left:4707.73px;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:8940px;left:4941.13px;letter-spacing:-0.72px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8940px;left:5825.92px;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:8940px;left:6440.91px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8940px;left:7059.51px;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:8940px;left:7333.7px;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:8940px;left:7574.3px;letter-spacing:-0.33px;white-space:nowrap">borrowings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8940px;left:8629.48px;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:8940px;left:8862.88px;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:8940px;left:9022.27px;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:8940px;left:9537.27px;white-space:nowrap">Both
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8940px;left:10015.06px;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:9180px;left:0px;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:9180px;left:540.8px;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:9180px;left:874.19px;white-space:nowrap">part
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9180px;left:1288.59px;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:9180px;left:1521.98px;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:9180px;left:1681.38px;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:9180px;left:2255.78px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9180px;left:2899.97px;letter-spacing:-0.33px;white-space:nowrap">structure.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9180px;left:3788.35px;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:9180px;left:4806.74px;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:9180px;left:5632.73px;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:9180px;left:5821.53px;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:9180px;left:6517.72px;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:9180px;left:6758.31px;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:9180px;left:7265.71px;white-space:nowrap">coverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9180px;left:8147.5px;white-space:nowrap">limits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9180px;left:8669.09px;white-space:nowrap">set
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9180px;left:8987.48px;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:9180px;left:9202.28px;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:9180px;left:9546.68px;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:9420px;left:0px;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:9420px;left:918.99px;white-space:nowrap">Act
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9420px;left:1274.58px;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:9420px;left:1507.98px;white-space:nowrap">1940.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:9838.4px;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:9838.4px;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:9838.4px;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:9838.4px;left:1955.77px;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:9840px;left:2589.16px;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:9840px;left:2893.15px;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:9840px;left:3437.75px;white-space:nowrap">designed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9840px;left:4326.74px;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:9840px;left:4567.34px;letter-spacing:-0.45px;white-space:nowrap">measure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9840px;left:5378.73px;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:9840px;left:5723.13px;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:9840px;left:6919.31px;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:9840px;left:7152.71px;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:9840px;left:7497.1px;white-space:nowrap">tax-exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9840px;left:8563.69px;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:9840px;left:8978.89px;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:10080px;left: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:10080px;left:529.79px;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:10080px;left:1255.58px;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:10080px;left:1804.98px;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:10080px;left:2478.57px;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:10080px;left:3201.17px;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:10080px;left:4408.35px;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:10080px;left:4641.75px;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:10080px;left:5851.93px;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:10080px;left:6207.32px;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:10080px;left:6503.72px;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:10080px;left:6855.51px;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:10080px;left:7466.5px;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:10080px;left:7833.5px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10080px;left:8814.89px;white-space:nowrap">sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10080px;left:9303.88px;letter-spacing:-0.45px;white-space:nowrap">charges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10080px;left:10052.28px;letter-spacing:0px;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:10320px;left:0px;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:10320px;left:1237.39px;white-space:nowrap">fees.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:10738.4px;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:10738.4px;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:10738.4px;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:10738.4px;left:1955.77px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:10738.4px;left:2448.16px;letter-spacing:-3.68px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:10738.4px;left:2922.15px;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:10740px;left:3555.54px;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:10740px;left:3859.54px;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:10740px;left:4404.13px;white-space:nowrap">designed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10740px;left:5293.12px;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:10740px;left:5533.72px;letter-spacing:-0.45px;white-space:nowrap">measure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10740px;left:6345.11px;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:10740px;left:6689.51px;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:10740px;left:7885.69px;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:10740px;left:8119.09px;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:10740px;left:8463.49px;white-space:nowrap">tax-exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10740px;left:9530.07px;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:10740px;left:9996.87px;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:10980px;left:0px;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:10980px;left:914.79px;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:10980px;left:1444.58px;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:10980px;left:2170.37px;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:10980px;left:2719.77px;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:10980px;left:3393.36px;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:10980px;left:4115.95px;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:10980px;left:5323.14px;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:10980px;left:5556.54px;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:10980px;left:6766.71px;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:10980px;left:7122.11px;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:10980px;left:7418.51px;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:10980px;left:7770.3px;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:10980px;left:8381.29px;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:10980px;left:8748.29px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10980px;left:9729.68px;white-space:nowrap">sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:11220px;left:0px;letter-spacing:-0.45px;white-space:nowrap">charges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:11220px;left:748.39px;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:11220px;left:988.99px;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:11220px;left:2226.38px;white-space:nowrap">fees.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:11638.4px;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:11638.4px;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:11638.4px;left:2239.56px;white-space:nowrap">Bonds:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:11640px;left:2935.55px;white-space:nowrap">Bonds
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:11640px;left:3554.34px;white-space:nowrap">backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:11640px;left:4262.13px;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:11640px;left:4536.33px;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:11640px;left:4880.73px;white-space:nowrap">general
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:11640px;left:5610.32px;letter-spacing:-0.4px;white-space:nowrap">revenues
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:11640px;left:6466.32px;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:11640px;left:6699.71px;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:11640px;left:6970.31px;letter-spacing:-2.3px;white-space:nowrap">issuer,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:11640px;left:7570.31px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:11640px;left:8444.3px;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:11640px;left:9018.49px;letter-spacing:-0.6px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:11640px;left:9614.89px;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:11640px;left:9959.28px;letter-spacing:0px;white-space:nowrap">issuer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:11880px;left:0px;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:11880px;left:355.8px;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:11880px;left:700.2px;white-space:nowrap">ability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:11880px;left:1288.58px;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:11880px;left:1529.18px;letter-spacing:-0.4px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:11880px;left:2314.57px;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:11880px;left:2833.17px;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:11880px;left:3107.36px;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:11880px;left:3377.96px;white-space:nowrap">unlimited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:11880px;left:4270.15px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:11880px;left:5007.34px;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:11880px;left:5247.94px;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:11880px;left:5625.93px;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:11880px;left:5970.33px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:11880px;left:6585.32px;white-space:nowrap">back.</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:34.58px;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:540px;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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:0px;letter-spacing:-4.98px;white-space:nowrap">Glossary
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:1277.96px;letter-spacing:-3.73px;white-space:nowrap">of
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:1620.32px;letter-spacing:-4.67px;white-space:nowrap">Terms
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:2582.99px;letter-spacing:-4.67px;white-space:nowrap">Users
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:3446.67px;letter-spacing:-3.73px;white-space:nowrap">in
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:3793.14px;letter-spacing:-4.2px;white-space:nowrap">the
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:4303.53px;letter-spacing:-4.8px;white-space:nowrap">Report
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:176.29px;left:5337.84px;letter-spacing:-4.4px;white-space:nowrap">(Unaudited)</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:176.29px;left:6796.16px;letter-spacing:-4px;white-space:nowrap">(continued)
</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">106</div></div> </div>
<div style="height:667.57px;left:0px;position:absolute;top:0px;transform:translate(36.000px,81.122px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:13273.64px;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:-5px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:-2.8px;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:-2.8px;left:2202.76px;white-space:nowrap">Bonds:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:-1.2px;left:2898.75px;white-space:nowrap">Bonds
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:-1.2px;left:3517.54px;white-space:nowrap">backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:-1.2px;left:4225.34px;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:-1.2px;left:4499.53px;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:-1.2px;left:4843.93px;white-space:nowrap">general
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:-1.2px;left:5573.52px;letter-spacing:-0.4px;white-space:nowrap">revenues
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:-1.2px;left:6429.52px;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:-1.2px;left:6662.92px;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:-1.2px;left:6933.51px;letter-spacing:-2.3px;white-space:nowrap">issuer,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:-1.2px;left:7533.51px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:-1.2px;left:8407.5px;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:-1.2px;left:8981.69px;letter-spacing:-0.6px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:-1.2px;left:9578.09px;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:-1.2px;left:9922.49px;letter-spacing:0px;white-space:nowrap">issuer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:238.8px;left:0px;letter-spacing:-0.45px;white-space:nowrap">doesn&#8217;t
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:238.8px;left:718.79px;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:238.8px;left:1196.99px;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:238.8px;left:1541.39px;white-space:nowrap">ability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:238.8px;left:2129.78px;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:238.8px;left:2370.37px;letter-spacing:-0.4px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:238.8px;left:3155.76px;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:238.8px;left:3674.36px;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:238.8px;left:3948.56px;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:238.8px;left:4219.16px;white-space:nowrap">unlimited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:238.8px;left:5111.34px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:238.8px;left:5848.54px;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:238.8px;left:6089.13px;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:238.8px;left:6467.13px;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:238.8px;left:6811.52px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:238.8px;left:7426.52px;white-space:nowrap">back.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:657.2px;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:657.2px;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:657.2px;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:200px;font-weight:300;position:absolute;top:658.8px;left:2592.15px;letter-spacing:-3.7px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:658.8px;left:3077.15px;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:658.8px;left:4110.33px;letter-spacing:-0.4px;white-space:nowrap">exposure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:658.8px;left:4984.73px;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:658.8px;left:5173.52px;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:658.8px;left:5332.92px;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:658.8px;left:5907.32px;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:658.8px;left:6499.91px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:658.8px;left:7400.31px;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:658.8px;left:7674.5px;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:658.8px;left:8018.9px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:658.8px;left:8741.09px;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:658.8px;left:9144.48px;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:658.8px;left:9477.88px;white-space:nowrap">attributable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:898.8px;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:898.8px;left:240.59px;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:898.8px;left:1025.99px;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:898.8px;left:1907.58px;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:898.8px;left:2259.37px;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:898.8px;left:2800.17px;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:898.8px;left:3733.56px;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:898.8px;left:4518.95px;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:898.8px;left:5344.94px;white-space:nowrap">includes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:898.8px;left:6133.93px;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:898.8px;left:6293.33px;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:898.8px;left:6867.73px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:898.8px;left:7230.93px;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:898.8px;left:7464.32px;letter-spacing:-0.72px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:898.8px;left:8349.11px;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:898.8px;left:8867.7px;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:898.8px;left:9260.5px;letter-spacing:-0.33px;white-space:nowrap">borrowings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1138.8px;left: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:1138.8px;left:392.8px;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:1138.8px;left:1511.18px;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:1138.8px;left:1725.98px;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:1138.8px;left:2070.38px;letter-spacing:-0.4px;white-space:nowrap">residual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1138.8px;left:2818.37px;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:1138.8px;left:3536.36px;text-rendering:optimizeLegibility;white-space:nowrap">certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1138.8px;left:4550.74px;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:1138.8px;left:5013.94px;white-space:nowrap">called
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1138.8px;left:5599.13px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1138.8px;left:6284.32px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1138.8px;left:7017.51px;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:1138.8px;left:7420.9px;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:1138.8px;left:8357.69px;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:1138.8px;left:8572.49px;white-space:nowrap">tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1138.8px;left:9216.68px;white-space:nowrap">option
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1138.8px;left:9857.27px;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:1378.8px;left:0px;white-space:nowrap">(TOB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1378.8px;left:567.19px;white-space:nowrap">trusts,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1378.8px;left:1159.18px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1378.8px;left:2033.17px;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:1378.8px;left:2377.57px;white-space:nowrap">portion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1378.8px;left:3084.56px;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:1378.8px;left:3317.95px;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:1378.8px;left:3910.54px;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:1378.8px;left:4358.74px;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:1378.8px;left:4632.94px;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:1378.8px;left:4792.34px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1378.8px;left:5255.53px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1378.8px;left:5706.72px;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:1378.8px;left:6110.12px;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:1378.8px;left:6465.91px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1378.8px;left:6977.31px;letter-spacing:-0.3px;white-space:nowrap">effectively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1378.8px;left:7932.9px;text-rendering:optimizeLegibility;white-space:nowrap">financed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1378.8px;left:8751.9px;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:1378.8px;left:9026.09px;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:1378.8px;left:9370.49px;letter-spacing:-2.77px;white-space:nowrap">trust&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1618.8px;left:0px;white-space:nowrap">issuance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1618.8px;left:807.79px;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:1618.8px;left:1041.19px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1618.8px;left:1774.38px;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:1618.8px;left:2177.77px;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:10378.56px;white-space:nowrap">107</div></div> </div>
<div style="height:124.66px;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:2341.59px;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:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;white-space:nowrap">Board
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:1644.38px;white-space:nowrap">Members
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:4099.45px;white-space:nowrap">&amp;
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:4605px;text-rendering:optimizeLegibility;white-space:nowrap">Officers</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:360px;position:absolute;top:532.65px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 11528 characters]);background-repeat:no-repeat;background-size:cover;height:601.53px;left:0px;position:absolute;top:0px;transform:translate(36.000px,147.167px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:539.25px">

 <div style="width:10627.2px;height:11964.29px;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">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1304.15px;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:0px;left:1490.87px;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:0px;left:1766.38px;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:0px;left:2288.14px;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:0px;left:2987.33px;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:0px;left:3571.01px;white-space:nowrap">supervision
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4418.36px;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:0px;left:4605.07px;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:4880.59px;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:0px;left:5360.42px;letter-spacing:0.29px;white-space:nowrap">performed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6166.01px;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:0px;left:6405.84px;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:0px;left:6681.36px;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:7158.64px;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:0px;left:7378px;white-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:7653.52px;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:0px;left:8261.03px;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:0px;left:8412.07px;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:8687.58px;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:0px;left:9670.77px;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:0px;left:9857.48px;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:0px;left:10133px;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: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;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:192px;left:817.75px;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:192px;left:1004.47px;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:1279.98px;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:1801.74px;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:192px;left:2243.5px;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:192px;left:2430.21px;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:192px;left:2705.73px;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:192px;left:3312.76px;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:3656.6px;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:192px;left:3923.32px;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:4204.75px;letter-spacing:-0.22px;white-space:nowrap">&#8220;interested&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5131.94px;white-space:nowrap">persons
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5736.42px;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:192px;left:5923.13px;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:6198.65px;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:6675.93px;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:192px;left:7327.6px;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:192px;left:7520.08px;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:192px;left:8009.03px;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:192px;left:8204.71px;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:192px;left:9250.78px;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:192px;left:9718.94px;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: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:384px;left:284.64px;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:384px;left:637.28px;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:384px;left:1046.39px;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:384px;left:1173.91px;letter-spacing:-0.32px;white-space:nowrap">director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:1771.98px;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:1964.46px;white-space:nowrap">employee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2720.29px;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:2951.49px;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:384px;left:3143.96px;white-space:nowrap">consultant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:3923.15px;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:384px;left:4160.11px;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:384px;left:4762.03px;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:384px;left:4954.5px;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:384px;left:5158.66px;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:384px;left:5831.13px;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:384px;left:6145.37px;white-space:nowrap">names
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:6655.28px;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:384px;left:6969.52px;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:384px;left:7621.52px;letter-spacing:-0.29px;white-space:nowrap">addresses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:8377.19px;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:384px;left:8563.91px;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:384px;left:8839.42px;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:384px;left:9446.46px;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:384px;left:9760.69px;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:576px;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:576px;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:576px;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:576px;left:983.99px;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:576px;left:1351.03px;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:576px;left:2008.45px;white-space:nowrap">occupations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:2915.32px;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:576px;left:3229.56px;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:3653.07px;text-rendering:optimizeLegibility;letter-spacing:-0.22px;white-space:nowrap">affiliations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:4414.34px;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:576px;left:4923.77px;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:5199.29px;white-space:nowrap">past
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:5545.85px;text-rendering:optimizeLegibility;white-space:nowrap">five
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:5842.32px;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:576px;left:6301.68px;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:576px;left:6577.2px;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:576px;left:7175.75px;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:7362.47px;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:576px;left:8087.89px;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:8470.45px;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:576px;left:9033.32px;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:576px;left:9706.12px;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:576px;left:10020.35px;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:768px;left:0px;letter-spacing:-0.21px;white-space:nowrap">directorships
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:959.5px;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:768px;left:1312.14px;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:768px;left:1676.62px;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:768px;left:1943.33px;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:768px;left:2198.05px;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:768px;left:2579.96px;letter-spacing:-1.47px;white-space:nowrap">below.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1728.96px;left:0px;letter-spacing:-0.96px;white-space:nowrap">Name,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.96px;left:0px;letter-spacing:-3.07px;white-space:nowrap">Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.96px;left:355.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.96px;left:544.31px;letter-spacing:-0.38px;white-space:nowrap">Birth</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.96px;left:0px;white-space:nowrap">&amp;
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.96px;left:149.76px;letter-spacing:-0.41px;white-space:nowrap">Address</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.96px;left:2160px;letter-spacing:-0.96px;white-space:nowrap">Position(s)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.96px;left:2938.54px;white-space:nowrap">Held</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.96px;left:2160px;white-space:nowrap">with
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.96px;left:2503.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.96px;left:2778.87px;letter-spacing:-1.34px;white-space:nowrap">Funds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1536.96px;left:3456px;letter-spacing:-3.07px;white-space:nowrap">Year
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1536.96px;left:3811.52px;letter-spacing:-0.48px;white-space:nowrap">First
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1728.96px;left:3456px;white-space:nowrap">Elected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1728.96px;left:4046.71px;white-space:nowrap">or</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.96px;left:3456px;white-space:nowrap">Appointed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.96px;left:3456px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.96px;left:3772.48px;letter-spacing:-3.84px;white-space:nowrap">Term</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:93.3px;position:absolute;top:2110.12px;left:4138.71px;white-space:nowrap">(1)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1728.96px;left:4680px;letter-spacing:-0.77px;white-space:nowrap">Principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1728.96px;left:5343.03px;letter-spacing:-0.12px;white-space:nowrap">Occupation(s)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.96px;left:4680px;white-space:nowrap">Including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.96px;left:5403.83px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.96px;left:5834.7px;letter-spacing:-0.22px;white-space:nowrap">Directorships</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.96px;left:4680px;white-space:nowrap">During
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.96px;left:5225.75px;letter-spacing:-1.92px;white-space:nowrap">Past
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.96px;left:5556.15px;white-space:nowrap">5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.96px;left:5685.1px;letter-spacing:-3.07px;white-space:nowrap">Years</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1152.96px;left:9576px;white-space:nowrap">Number
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1152.96px;left:10223.51px;letter-spacing:1.92px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1344.96px;left:9576px;letter-spacing:-1.22px;white-space:nowrap">Portfolios
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1536.96px;left:9576px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1536.96px;left:9748.96px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1728.96px;left:9576px;letter-spacing:-0.36px;white-space:nowrap">Complex
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.96px;left:9576px;white-space:nowrap">Overseen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1920.96px;left:10326.23px;white-space:nowrap">By</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.96px;left:9576px;letter-spacing:-0.48px;white-space:nowrap">Board
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2112.96px;left:10057.59px;white-space:nowrap">Member</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2449.92px;left:0px;white-space:nowrap">Independent
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2449.92px;left:987.35px;letter-spacing:-1.6px;white-space:nowrap">Trustees:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2786.88px;left:0px;letter-spacing:-2.28px;white-space:nowrap">Terence
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2786.88px;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:160px;position:absolute;top:2786.88px;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:160px;position:absolute;top:2978.88px;left:0px;white-space:nowrap">1959
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3170.88px;left:0px;white-space:nowrap">333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3170.88px;left:316.47px;letter-spacing:-5.12px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3170.88px;left:536.31px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3170.88px;left:1119.35px;white-space:nowrap">Drive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3362.88px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3362.88px;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:160px;position:absolute;top:3362.88px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2786.88px;left:2160px;white-space:nowrap">Chair
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2786.88px;left:2591.51px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2786.88px;left:2911.83px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2978.88px;left:2160px;white-space:nowrap">Member</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2786.88px;left:3882.4px;white-space:nowrap">2008
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2978.88px;left:3814.88px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2978.88px;left:4237.92px;white-space:nowrap">II</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2786.88px;left:4680px;letter-spacing:-1.82px;white-space:nowrap">Formerly,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2786.88px;left:5397.43px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2786.88px;left:5522.87px;letter-spacing:-0.8px;white-space:nowrap">Co-Founding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2786.88px;left:6527.02px;letter-spacing:-2.67px;white-space:nowrap">Partner,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2786.88px;left:7113.25px;letter-spacing:-1.51px;white-space:nowrap">Promus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2786.88px;left:7696.13px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2786.88px;left:8251.96px;white-space:nowrap">(investment</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2978.88px;left:4680px;white-space:nowrap">advisory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2978.88px;left:5329.91px;text-rendering:optimizeLegibility;white-space:nowrap">firm)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2978.88px;left:5703.82px;white-space:nowrap">(2008-2017);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2978.88px;left:6681.4px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2978.88px;left:7363.79px;letter-spacing:-1.54px;white-space:nowrap">Director,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2978.88px;left:8026.34px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2978.88px;left:8588.73px;letter-spacing:-0.69px;white-space:nowrap">Control</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3170.88px;left:4680px;letter-spacing:-0.45px;white-space:nowrap">Corporation
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3170.88px;left:5608.95px;white-space:nowrap">(manufacturing)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3170.88px;left:6805.57px;white-space:nowrap">(2012-2021);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3170.88px;left:7783.15px;white-space:nowrap">Chair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3170.88px;left:8214.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3170.88px;left:8403.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3170.88px;left:8678.97px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3362.88px;left:4680px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3362.88px;left:4868.8px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3362.88px;left:5144.31px;letter-spacing:-0.96px;white-space:nowrap">Kehrein
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3362.88px;left:5743.98px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3362.88px;left:6281.57px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3362.88px;left:6524.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3362.88px;left:6796.77px;letter-spacing:-0.38px;white-space:nowrap">Arts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3362.88px;left:7126.2px;letter-spacing:-0.19px;white-space:nowrap">(philanthropy)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3362.88px;left:8191.95px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3362.88px;left:8655.46px;white-space:nowrap">2021);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3554.88px;left:4680px;white-space:nowrap">member:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3554.88px;left:5393.11px;letter-spacing:-0.5px;white-space:nowrap">Catalyst
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3554.88px;left:6005.58px;white-space:nowrap">Schools
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3554.88px;left:6615.97px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3554.88px;left:6804.77px;white-space:nowrap">Chicago
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3554.88px;left:7457.56px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3554.88px;left:7939.16px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3554.88px;left:8402.67px;white-space:nowrap">2008)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3554.88px;left:8861.86px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3746.88px;left:4680px;letter-spacing:-0.23px;white-space:nowrap">Mather
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3746.88px;left:5238.71px;letter-spacing:-0.84px;white-space:nowrap">Foundation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3746.88px;left:6111.82px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3746.88px;left:6593.42px;letter-spacing:-0.19px;white-space:nowrap">(philanthropy)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3746.88px;left:7659.16px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3746.88px;left:8122.68px;letter-spacing:-0.69px;white-space:nowrap">2012),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3746.88px;left:8618.66px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3938.88px;left:4680px;white-space:nowrap">chair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3938.88px;left:5076.32px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3938.88px;left:5265.11px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3938.88px;left:5466.87px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3938.88px;left:6307.65px;letter-spacing:-0.19px;white-space:nowrap">committee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3938.88px;left:7130.52px;white-space:nowrap">(2017-2022);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3938.88px;left:8108.1px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3938.88px;left:8790.49px;letter-spacing:-1.56px;white-space:nowrap">Member,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4130.88px;left:4680px;white-space:nowrap">Chicago
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4130.88px;left:5332.79px;letter-spacing:-0.7px;white-space:nowrap">Fellowship
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4130.88px;left:6150.22px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4130.88px;left:6631.82px;letter-spacing:-0.19px;white-space:nowrap">(philanthropy)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4130.88px;left:7697.56px;white-space:nowrap">(2005-2016);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4130.88px;left:8675.14px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4322.88px;left:4680px;letter-spacing:-1.54px;white-space:nowrap">Director,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4322.88px;left:5342.55px;letter-spacing:-0.84px;white-space:nowrap">Fulcrum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4322.88px;left:5970.87px;letter-spacing:-1.28px;white-space:nowrap">IT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4322.88px;left:6139.83px;white-space:nowrap">Services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4322.88px;left:6779.82px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4322.88px;left:7093.41px;letter-spacing:-0.12px;white-space:nowrap">(information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4322.88px;left:8023.48px;white-space:nowrap">technology
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4322.88px;left:8886.99px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4514.88px;left:4680px;text-rendering:optimizeLegibility;white-space:nowrap">firm
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4514.88px;left:5005.92px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4514.88px;left:5194.39px;white-space:nowrap">government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4514.88px;left:6129.9px;white-space:nowrap">entities)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4514.88px;left:6746.36px;white-space:nowrap">(2010-2019);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4514.88px;left:7723.94px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4514.88px;left:8406.33px;letter-spacing:-1.54px;white-space:nowrap">Director,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4706.88px;left:4680px;letter-spacing:-0.29px;white-space:nowrap">LogicMark
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4706.88px;left:5483.99px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4706.88px;left:5797.59px;letter-spacing:-0.12px;white-space:nowrap">(health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4706.88px;left:6339.18px;white-space:nowrap">services)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4706.88px;left:7007.97px;white-space:nowrap">(2012-2016);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4706.88px;left:7985.54px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4706.88px;left:8667.93px;letter-spacing:-1.54px;white-space:nowrap">Director,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4898.88px;left:4680px;letter-spacing:-0.48px;white-space:nowrap">Legal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4898.88px;left:5117.12px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4898.88px;left:5269.76px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4898.88px;left:5891.83px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4898.88px;left:6734.21px;white-space:nowrap">Management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4898.88px;left:7746.04px;letter-spacing:-0.53px;white-space:nowrap">America,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4898.88px;left:8430.68px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4898.88px;left:8722.03px;white-space:nowrap">(asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5090.88px;left:4680px;white-space:nowrap">management)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5090.88px;left:5742.23px;white-space:nowrap">(2008-2013);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5090.88px;left:6719.8px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5090.88px;left:7402.19px;white-space:nowrap">CEO
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5090.88px;left:7788.11px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5090.88px;left:8108.43px;letter-spacing:-1.4px;white-space:nowrap">President,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5090.88px;left:8864.73px;letter-spacing:-0.21px;white-space:nowrap">Northern
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5282.88px;left:4680px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5282.88px;left:5069.11px;white-space:nowrap">Global
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5282.88px;left:5599.51px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5282.88px;left:6512.93px;text-rendering:optimizeLegibility;white-space:nowrap">(financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5282.88px;left:7205.08px;white-space:nowrap">services)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5282.88px;left:7873.87px;white-space:nowrap">(2004-2007);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5282.88px;left:8851.45px;letter-spacing:-0.1px;white-space:nowrap">Executive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5474.88px;left:4680px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5474.88px;left:5028.32px;letter-spacing:-1.4px;white-space:nowrap">President,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5474.88px;left:5784.63px;letter-spacing:-0.12px;white-space:nowrap">Quantitative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5474.88px;left:6716.45px;white-space:nowrap">Management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5474.88px;left:7731.16px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5474.88px;left:7883.8px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5474.88px;left:8629.39px;letter-spacing:-0.41px;white-space:nowrap">Lending</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5666.88px;left:4680px;white-space:nowrap">(2000-2004);
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5666.88px;left:5657.58px;white-space:nowrap">prior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5666.88px;left:6052.13px;letter-spacing:-1.07px;white-space:nowrap">thereto,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5666.88px;left:6657.24px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5666.88px;left:7220.11px;white-space:nowrap">positions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5666.88px;left:7922.98px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5666.88px;left:8266.33px;letter-spacing:-0.24px;white-space:nowrap">Northern</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5858.88px;left:4680px;letter-spacing:-2.4px;white-space:nowrap">Trust
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5858.88px;left:5069.11px;letter-spacing:-0.24px;white-space:nowrap">Company
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5858.88px;left:5819.5px;text-rendering:optimizeLegibility;white-space:nowrap">(financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5858.88px;left:6511.66px;white-space:nowrap">services)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5858.88px;left:7180.44px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5858.88px;left:7643.96px;white-space:nowrap">1994);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5858.88px;left:8151.15px;letter-spacing:-1.17px;white-space:nowrap">formerly,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6050.88px;left:4680px;letter-spacing:-1.56px;white-space:nowrap">Member,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6050.88px;left:5374.71px;letter-spacing:-0.21px;white-space:nowrap">Northern
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6050.88px;left:6072.62px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6050.88px;left:6461.73px;white-space:nowrap">Mutual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6050.88px;left:7005.89px;letter-spacing:-1.12px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6050.88px;left:7487.96px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6050.88px;left:7969.56px;letter-spacing:-0.4px;white-space:nowrap">(2005-2007),</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6242.88px;left:4680px;letter-spacing:-0.21px;white-space:nowrap">Northern
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6242.88px;left:5377.91px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6242.88px;left:5767.02px;white-space:nowrap">Global
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6242.88px;left:6297.42px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6242.88px;left:7210.84px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6242.88px;left:7692.43px;letter-spacing:-0.4px;white-space:nowrap">(2004-2007),</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6434.88px;left:4680px;letter-spacing:-0.21px;white-space:nowrap">Northern
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6434.88px;left:5377.91px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6434.88px;left:5765.1px;letter-spacing:-0.16px;white-space:nowrap">Japan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6434.88px;left:6248.3px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6434.88px;left:6729.89px;letter-spacing:-0.37px;white-space:nowrap">(2004-2007),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6434.88px;left:7696.27px;letter-spacing:-0.21px;white-space:nowrap">Northern
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6434.88px;left:8394.18px;letter-spacing:-2.88px;white-space:nowrap">Trust</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6626.88px;left:4680px;white-space:nowrap">Securities
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6626.88px;left:5425.59px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6626.88px;left:5716.95px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6626.88px;left:6198.54px;white-space:nowrap">(2003-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6626.88px;left:6708.93px;white-space:nowrap">2007)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6626.88px;left:7168.12px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6626.88px;left:7488.44px;letter-spacing:-0.21px;white-space:nowrap">Northern
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6626.88px;left:8186.35px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6626.88px;left:8575.46px;white-space:nowrap">Hong</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6818.88px;left:4680px;letter-spacing:-0.96px;white-space:nowrap">Kong
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6818.88px;left:5107.51px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6818.88px;left:5589.11px;letter-spacing:-0.4px;white-space:nowrap">(1997-2004).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2786.88px;left:10041.3px;white-space:nowrap">139
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7083.84px;left:0px;letter-spacing:-0.19px;white-space:nowrap">Jack
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7083.84px;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:160px;position:absolute;top:7083.84px;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:160px;position:absolute;top:7275.84px;left:0px;white-space:nowrap">1948
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7467.84px;left:0px;white-space:nowrap">333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7467.84px;left:316.47px;letter-spacing:-5.12px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7467.84px;left:536.31px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7467.84px;left:1119.35px;white-space:nowrap">Drive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7659.84px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7659.84px;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:160px;position:absolute;top:7659.84px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7083.84px;left:2160px;letter-spacing:-0.48px;white-space:nowrap">Board
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7083.84px;left:2641.59px;white-space:nowrap">Member</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7083.84px;left:3882.4px;white-space:nowrap">1999
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7275.84px;left:3794.09px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7275.84px;left:4217.12px;white-space:nowrap">III</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7083.84px;left:4680px;white-space:nowrap">Chairman
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7083.84px;left:5431.19px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7083.84px;left:5894.7px;letter-spacing:-0.69px;white-space:nowrap">2019),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7083.84px;left:6390.69px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7083.84px;left:7073.08px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7083.84px;left:7792.59px;letter-spacing:-0.37px;white-space:nowrap">(1996-2019),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7083.84px;left:8755.13px;letter-spacing:-0.96px;white-space:nowrap">The</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7275.84px;left:4680px;letter-spacing:-0.89px;white-space:nowrap">Hall-Perrine
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7275.84px;left:5564.63px;letter-spacing:-1.17px;white-space:nowrap">Foundation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7275.84px;left:6474.54px;letter-spacing:-0.18px;white-space:nowrap">(private
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7275.84px;left:7065.89px;letter-spacing:-0.21px;white-space:nowrap">philanthropic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7275.84px;left:8077.56px;letter-spacing:-0.27px;white-space:nowrap">corporation);</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7467.84px;left:4680px;white-space:nowrap">Life
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7467.84px;left:4976.48px;letter-spacing:-1.8px;white-space:nowrap">Trustee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7467.84px;left:5548.63px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7467.84px;left:5737.42px;letter-spacing:-0.48px;white-space:nowrap">Coe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7467.84px;left:6079.98px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7467.84px;left:6695.81px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7467.84px;left:7016.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7467.84px;left:7291.65px;white-space:nowrap">Iowa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7467.84px;left:7675.8px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7467.84px;left:8291.63px;letter-spacing:-0.84px;white-space:nowrap">Foundation;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7659.84px;left:4680px;letter-spacing:-1.06px;white-space:nowrap">formerly,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7659.84px;left:5362.39px;white-space:nowrap">Member
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7659.84px;left:6027.98px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7659.84px;left:6348.3px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7659.84px;left:7067.81px;letter-spacing:-3.24px;white-space:nowrap">Pro-Tem
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7659.84px;left:7690.84px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7659.84px;left:7879.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7659.84px;left:8155.15px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7659.84px;left:8636.75px;letter-spacing:1.92px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7851.84px;left:4680px;letter-spacing:-0.24px;white-space:nowrap">Regents
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7851.84px;left:5312.79px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7851.84px;left:5555.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7851.84px;left:5830.86px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7851.84px;left:6236.94px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7851.84px;left:6425.73px;white-space:nowrap">Iowa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7851.84px;left:6809.89px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7851.84px;left:7563.47px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7851.84px;left:8124.43px;white-space:nowrap">(2007-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7851.84px;left:8634.81px;white-space:nowrap">2013);</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8043.84px;left:4680px;letter-spacing:-0.32px;white-space:nowrap">Director
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8043.84px;left:5313.43px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8043.84px;left:5633.75px;white-space:nowrap">Chairman
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8043.84px;left:6384.94px;letter-spacing:-0.37px;white-space:nowrap">(2009-2021),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8043.84px;left:7351.32px;white-space:nowrap">United
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8043.84px;left:7882.03px;letter-spacing:-1.15px;white-space:nowrap">Fire
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8043.84px;left:8195.31px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8043.84px;left:8741.86px;white-space:nowrap">a</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8235.84px;left:4680px;white-space:nowrap">publicly
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8235.84px;left:5295.2px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8235.84px;left:5662.23px;white-space:nowrap">company;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8235.84px;left:6427.34px;letter-spacing:-1.54px;white-space:nowrap">Director,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8235.84px;left:7089.9px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8235.84px;left:7570.21px;letter-spacing:-1.56px;white-space:nowrap">Member,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8235.84px;left:8262.05px;white-space:nowrap">American</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8427.84px;left:4680px;letter-spacing:-0.48px;white-space:nowrap">Board
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8427.84px;left:5161.59px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8427.84px;left:5350.39px;letter-spacing:-0.16px;white-space:nowrap">Orthopaedic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8427.84px;left:6324.3px;letter-spacing:-0.36px;white-space:nowrap">Surgery
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8427.84px;left:6930.53px;white-space:nowrap">(2015-2020);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8427.84px;left:7908.11px;letter-spacing:-0.36px;white-space:nowrap">Director</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8619.84px;left:4680px;letter-spacing:-0.37px;white-space:nowrap">(2000-2004),
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8619.84px;left:5643.5px;white-space:nowrap">Alliant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8619.84px;left:6145.25px;letter-spacing:-0.36px;white-space:nowrap">Energy;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8619.84px;left:6746.36px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8619.84px;left:7379.79px;letter-spacing:-0.37px;white-space:nowrap">(1996-2015),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8619.84px;left:8342.33px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8619.84px;left:8655.45px;letter-spacing:-0.27px;white-space:nowrap">Gazette</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8811.84px;left:4680px;letter-spacing:-0.24px;white-space:nowrap">Company
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8811.84px;left:5430.39px;white-space:nowrap">(media
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8811.84px;left:5978.55px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8811.84px;left:6298.86px;white-space:nowrap">publishing);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8811.84px;left:7210.05px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8811.84px;left:7843.48px;white-space:nowrap">(1997-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8811.84px;left:8353.87px;letter-spacing:-0.8px;white-space:nowrap">2003),</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9003.84px;left:4680px;letter-spacing:-1.2px;white-space:nowrap">Federal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9003.84px;left:5268.64px;letter-spacing:-0.24px;white-space:nowrap">Reserve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9003.84px;left:5883.83px;white-space:nowrap">Bank
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9003.84px;left:6285.58px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9003.84px;left:6474.38px;white-space:nowrap">Chicago;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9003.84px;left:7175.17px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9003.84px;left:7894.68px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9003.84px;left:8215px;letter-spacing:0.77px;white-space:nowrap">Chief</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9195.84px;left:4680px;letter-spacing:-0.35px;white-space:nowrap">Operating
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9195.84px;left:5473.43px;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;position:absolute;top:9195.84px;left:6009.9px;letter-spacing:-0.37px;white-space:nowrap">(1972-1995),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9195.84px;left:6976.28px;white-space:nowrap">SCI
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9195.84px;left:7263.32px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9195.84px;left:7947.48px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9195.84px;left:8494.03px;letter-spacing:-0.96px;white-space:nowrap">Inc.,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9387.84px;left:4680px;letter-spacing:-0.29px;white-space:nowrap">(regional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9387.84px;left:5371.83px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9387.84px;left:6015.99px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9387.84px;left:6636.77px;text-rendering:optimizeLegibility;letter-spacing:-0.8px;white-space:nowrap">firm).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7083.84px;left:10041.3px;white-space:nowrap">139
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9652.8px;left:0px;white-space:nowrap">William
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9652.8px;left:582.88px;letter-spacing:-1.6px;white-space:nowrap">C.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9652.8px;left:774.87px;white-space:nowrap">Hunter</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.8px;left:0px;white-space:nowrap">1948
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.8px;left:0px;white-space:nowrap">333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.8px;left:316.47px;letter-spacing:-5.12px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.8px;left:536.31px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.8px;left:1119.35px;white-space:nowrap">Drive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10228.8px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10228.8px;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:160px;position:absolute;top:10228.8px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9652.8px;left:2160px;letter-spacing:-0.48px;white-space:nowrap">Board
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9652.8px;left:2641.59px;white-space:nowrap">Member</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9652.8px;left:3882.4px;white-space:nowrap">2003
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.8px;left:3835.68px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.8px;left:4258.72px;white-space:nowrap">I</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9652.8px;left:4680px;letter-spacing:-0.19px;white-space:nowrap">Dean
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9652.8px;left:5110.08px;letter-spacing:-0.48px;white-space:nowrap">Emeritus,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9652.8px;left:5826.7px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9652.8px;left:6509.09px;letter-spacing:-0.96px;white-space:nowrap">Dean,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9652.8px;left:6972.13px;letter-spacing:-0.27px;white-space:nowrap">Tippie
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9652.8px;left:7476.13px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9652.8px;left:8091.96px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9652.8px;left:8280.76px;letter-spacing:-0.53px;white-space:nowrap">Business,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.8px;left:4680px;white-space:nowrap">University
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.8px;left:5433.59px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.8px;left:5622.38px;white-space:nowrap">Iowa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.8px;left:6006.54px;white-space:nowrap">(2006-2012);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.8px;left:6984.11px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.8px;left:7617.54px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.8px;left:7804.42px;letter-spacing:-1.06px;white-space:nowrap">Wellmark,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.8px;left:8569.05px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9844.8px;left:8860.41px;white-space:nowrap">(since</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.8px;left:4680px;white-space:nowrap">2009);
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.8px;left:5187.19px;white-space:nowrap">past
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.8px;left:5535.98px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.8px;left:6169.41px;letter-spacing:-0.37px;white-space:nowrap">(2005-2015),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.8px;left:7135.79px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.8px;left:7456.11px;white-space:nowrap">past
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.8px;left:7804.9px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10036.8px;left:8524.41px;white-space:nowrap">(2010-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10228.8px;left:4680px;white-space:nowrap">2014)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10228.8px;left:5139.19px;white-space:nowrap">Beta
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10228.8px;left:5508.62px;white-space:nowrap">Gamma
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10228.8px;left:6126.7px;letter-spacing:-0.69px;white-space:nowrap">Sigma,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10228.8px;left:6661.57px;letter-spacing:-0.8px;white-space:nowrap">Inc.,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10228.8px;left:6990.69px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10228.8px;left:7303.81px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10228.8px;left:8262.2px;white-space:nowrap">Business</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10420.8px;left:4680px;white-space:nowrap">Honor
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10420.8px;left:5180.95px;white-space:nowrap">Society;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10420.8px;left:5797.26px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10420.8px;left:6479.65px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10420.8px;left:7113.08px;white-space:nowrap">(2004-2018)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10420.8px;left:8042.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10420.8px;left:8229.54px;letter-spacing:-1.54px;white-space:nowrap">Xerox</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10612.8px;left:4680px;letter-spacing:-0.42px;white-space:nowrap">Corporation;
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10612.8px;left:5656.95px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10612.8px;left:6339.34px;letter-spacing:-0.19px;white-space:nowrap">Dean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10612.8px;left:6769.41px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10612.8px;left:7089.73px;white-space:nowrap">Distinguished
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10612.8px;left:8137.39px;letter-spacing:-1.06px;white-space:nowrap">Professor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10612.8px;left:8851.14px;letter-spacing:1.92px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10804.8px;left:4680px;letter-spacing:-0.85px;white-space:nowrap">Finance,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10804.8px;left:5326.72px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10804.8px;left:5866.07px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10804.8px;left:6054.87px;white-space:nowrap">Business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10804.8px;left:6727.18px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10804.8px;left:6901.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10804.8px;left:7177.25px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10804.8px;left:7930.83px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10804.8px;left:8119.63px;letter-spacing:-0.17px;white-space:nowrap">Connecticut</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10996.8px;left:4680px;white-space:nowrap">(2003-2006);
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10996.8px;left:5657.58px;letter-spacing:-1.12px;white-space:nowrap">previously,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10996.8px;left:6474.69px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10996.8px;left:6981.88px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10996.8px;left:7330.2px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10996.8px;left:8049.71px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10996.8px;left:8370.02px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10996.8px;left:9003.45px;letter-spacing:1.92px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11188.8px;left:4680px;letter-spacing:-0.64px;white-space:nowrap">Research
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11188.8px;left:5380.47px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11188.8px;left:5555.03px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11188.8px;left:5830.55px;letter-spacing:-1.2px;white-space:nowrap">Federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11188.8px;left:6419.18px;letter-spacing:-0.24px;white-space:nowrap">Reserve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11188.8px;left:7034.37px;white-space:nowrap">Bank
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11188.8px;left:7436.13px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11188.8px;left:7624.92px;white-space:nowrap">Chicago
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11188.8px;left:8277.72px;white-space:nowrap">(1995-2003);</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11380.8px;left:4680px;letter-spacing:-1.06px;white-space:nowrap">formerly,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11380.8px;left:5362.39px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11380.8px;left:5995.82px;letter-spacing:-0.37px;white-space:nowrap">(1997-2007),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11380.8px;left:6962.2px;letter-spacing:-0.41px;white-space:nowrap">Credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11380.8px;left:7456.27px;letter-spacing:-0.64px;white-space:nowrap">Research
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11380.8px;left:8156.74px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11380.8px;left:8694.33px;letter-spacing:-0.8px;white-space:nowrap">at</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11572.8px;left:4680px;letter-spacing:-0.26px;white-space:nowrap">Georgetown
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11572.8px;left:5642.07px;letter-spacing:-0.96px;white-space:nowrap">University.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9652.8px;left:10041.3px;white-space:nowrap">139
</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">108</div></div> </div>
<div style="height:35.66px;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:561.6px;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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:0px;white-space:nowrap">Board
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:959.22px;white-space:nowrap">Members
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:2391.35px;white-space:nowrap">&amp;
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:2686.25px;text-rendering:optimizeLegibility;white-space:nowrap">Officers</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:176.29px;left:3926.07px;white-space:nowrap">(Unaudited)
 </div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:176.29px;left:5177.32px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12676 characters]);background-repeat:no-repeat;background-size:cover;height:663.29px;left:0px;position:absolute;top:0px;transform:translate(36.000px,85.399px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:539.25px">

 <div style="width:10627.2px;height:13225.88px;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:160px;position:absolute;top:616px;left:0px;letter-spacing:-0.96px;white-space:nowrap">Name,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:0px;letter-spacing:-3.07px;white-space:nowrap">Year
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:355.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:544.31px;letter-spacing:-0.38px;white-space:nowrap">Birth</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:0px;white-space:nowrap">&amp;
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:149.76px;letter-spacing:-0.41px;white-space:nowrap">Address</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:2160px;letter-spacing:-0.96px;white-space:nowrap">Position(s)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:2938.54px;white-space:nowrap">Held</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:2160px;white-space:nowrap">with
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:2503.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:2778.87px;letter-spacing:-1.34px;white-space:nowrap">Funds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:3456px;letter-spacing:-3.07px;white-space:nowrap">Year
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:3811.52px;letter-spacing:-0.48px;white-space:nowrap">First
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:616px;left:3456px;white-space:nowrap">Elected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:616px;left:4046.71px;white-space:nowrap">or</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:3456px;white-space:nowrap">Appointed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:3456px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:3772.48px;letter-spacing:-3.84px;white-space:nowrap">Term</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:93.3px;position:absolute;top:997.16px;left:4138.71px;white-space:nowrap">(1)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:616px;left:4680px;letter-spacing:-0.77px;white-space:nowrap">Principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:616px;left:5343.03px;letter-spacing:-0.12px;white-space:nowrap">Occupation(s)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:4680px;white-space:nowrap">Including
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:5403.83px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:5834.7px;letter-spacing:-0.22px;white-space:nowrap">Directorships</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:4680px;white-space:nowrap">During
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:5225.75px;letter-spacing:-1.92px;white-space:nowrap">Past
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:5556.15px;white-space:nowrap">5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:5685.1px;letter-spacing:-3.07px;white-space:nowrap">Years</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:9576px;white-space:nowrap">Number
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:10223.51px;letter-spacing:1.92px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:9576px;letter-spacing:-1.22px;white-space:nowrap">Portfolios
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:9576px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:9748.96px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:616px;left:9576px;letter-spacing:-0.36px;white-space:nowrap">Complex
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:9576px;white-space:nowrap">Overseen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:10326.23px;white-space:nowrap">By</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:9576px;letter-spacing:-0.48px;white-space:nowrap">Board
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:10057.59px;white-space:nowrap">Member</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:0px;white-space:nowrap">Amy
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:371.36px;letter-spacing:-1.6px;white-space:nowrap">B.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:549.91px;letter-spacing:-1.6px;white-space:nowrap">R.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:722.55px;letter-spacing:-0.17px;white-space:nowrap">Lancellotta</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:0px;white-space:nowrap">1959
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:0px;white-space:nowrap">333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:316.47px;letter-spacing:-5.12px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:536.31px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:1119.35px;white-space:nowrap">Drive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1840.96px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1840.96px;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:160px;position:absolute;top:1840.96px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:2160px;letter-spacing:-0.48px;white-space:nowrap">Board
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:2641.59px;white-space:nowrap">Member</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:3882.4px;white-space:nowrap">2021
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:3814.88px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:4237.92px;white-space:nowrap">II</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:4680px;letter-spacing:-1.82px;white-space:nowrap">Formerly,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:5397.43px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:6178.22px;letter-spacing:-1.54px;white-space:nowrap">Director,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:6840.77px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:7831.96px;letter-spacing:-0.29px;white-space:nowrap">Directors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:8536.43px;letter-spacing:-0.27px;white-space:nowrap">Council</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:4680px;white-space:nowrap">(IDC)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:5093.91px;letter-spacing:-0.19px;white-space:nowrap">(supports
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:5824.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:6099.81px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:6474.85px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:7464.44px;letter-spacing:-0.32px;white-space:nowrap">director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:8078.67px;white-space:nowrap">community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:8933.7px;white-space:nowrap">and</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:4680px;white-space:nowrap">is
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:4831.04px;letter-spacing:-0.38px;white-space:nowrap">part
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:5164.47px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:5353.27px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:5628.78px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:6471.17px;letter-spacing:-0.24px;white-space:nowrap">Company
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:7221.56px;white-space:nowrap">Institute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:7843.79px;letter-spacing:-0.69px;white-space:nowrap">(ICI),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:8214.98px;white-space:nowrap">which</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1840.96px;left:4680px;letter-spacing:-0.52px;white-space:nowrap">represents
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1840.96px;left:5491.35px;letter-spacing:-0.45px;white-space:nowrap">regulated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1840.96px;left:6239.98px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1840.96px;left:7080.76px;white-space:nowrap">companies)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1840.96px;left:7970.35px;white-space:nowrap">(2006-2019);</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2032.96px;left:4680px;letter-spacing:-1.06px;white-space:nowrap">formerly,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2032.96px;left:5362.39px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2032.96px;left:5925.26px;white-space:nowrap">positions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2032.96px;left:6628.13px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2032.96px;left:6971.48px;white-space:nowrap">ICI
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2032.96px;left:7209.88px;white-space:nowrap">(1989-2006);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2032.96px;left:8187.46px;white-space:nowrap">Member
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2032.96px;left:8853.05px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2032.96px;left:9041.84px;white-space:nowrap">the</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2224.96px;left:4680px;letter-spacing:-0.48px;white-space:nowrap">Board
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2224.96px;left:5161.59px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2224.96px;left:5350.39px;letter-spacing:-0.7px;white-space:nowrap">Directors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2224.96px;left:6089.74px;white-space:nowrap">Jewish
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2224.96px;left:6623.65px;letter-spacing:-0.19px;white-space:nowrap">Coalition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2224.96px;left:7319px;white-space:nowrap">Against
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2224.96px;left:7912.28px;white-space:nowrap">Domestic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2224.96px;left:8642.83px;white-space:nowrap">Abuse</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2416.96px;left:4680px;letter-spacing:-1.32px;white-space:nowrap">(JCADA)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2416.96px;left:5344.47px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2416.96px;left:5807.99px;letter-spacing:-0.8px;white-space:nowrap">2020).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:10041.3px;white-space:nowrap">139
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:0px;white-space:nowrap">Joanne
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:575.52px;letter-spacing:-5.76px;white-space:nowrap">T.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:731.04px;letter-spacing:-0.48px;white-space:nowrap">Medero</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:0px;white-space:nowrap">1954
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3065.92px;left:0px;white-space:nowrap">333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3065.92px;left:316.47px;letter-spacing:-5.12px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3065.92px;left:536.31px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3065.92px;left:1119.35px;white-space:nowrap">Drive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3257.92px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3257.92px;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:160px;position:absolute;top:3257.92px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:2160px;letter-spacing:-0.48px;white-space:nowrap">Board
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:2641.59px;white-space:nowrap">Member</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:3882.4px;white-space:nowrap">2021
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:3794.09px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:4217.12px;white-space:nowrap">III</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:4680px;letter-spacing:-1.82px;white-space:nowrap">Formerly,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:5397.43px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:6178.22px;letter-spacing:-1.54px;white-space:nowrap">Director,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:6840.77px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:7799.8px;letter-spacing:-0.35px;white-space:nowrap">Relations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:8501.87px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:8822.19px;letter-spacing:-1.28px;white-space:nowrap">Public</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:4680px;letter-spacing:-1.65px;white-space:nowrap">Policy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:5137.44px;white-space:nowrap">(2009-2020)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:6067.01px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:6387.33px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:6894.53px;white-space:nowrap">Advisor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:7492.92px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:7681.39px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:7954.03px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:8302.35px;white-space:nowrap">Chairman</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3065.92px;left:4680px;letter-spacing:-0.37px;white-space:nowrap">(2018-2020),
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3065.92px;left:5646.38px;letter-spacing:-0.61px;white-space:nowrap">BlackRock,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3065.92px;left:6465.57px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3065.92px;left:6756.93px;white-space:nowrap">(global
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3065.92px;left:7311.8px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3065.92px;left:8152.59px;white-space:nowrap">management</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3257.92px;left:4680px;text-rendering:optimizeLegibility;white-space:nowrap">firm);
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3257.92px;left:5101.91px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3257.92px;left:5784.3px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3257.92px;left:6565.09px;letter-spacing:-1.54px;white-space:nowrap">Director,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3257.92px;left:7227.64px;white-space:nowrap">Global
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3257.92px;left:7758.04px;letter-spacing:-0.19px;white-space:nowrap">Head
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3257.92px;left:8190.83px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3257.92px;left:8379.63px;white-space:nowrap">Government</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3449.92px;left:4680px;letter-spacing:-0.35px;white-space:nowrap">Relations
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3449.92px;left:5382.07px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3449.92px;left:5702.39px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3449.92px;left:6182.71px;letter-spacing:-2.76px;white-space:nowrap">Policy,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3449.92px;left:6671.18px;letter-spacing:-0.32px;white-space:nowrap">Barclays
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3449.92px;left:7307.98px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3449.92px;left:7819.65px;white-space:nowrap">(IBIM)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3449.92px;left:8282.36px;white-space:nowrap">(investment</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3641.92px;left:4680px;letter-spacing:-0.53px;white-space:nowrap">banking,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3641.92px;left:5352.79px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3641.92px;left:6193.58px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3641.92px;left:7207.81px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3641.92px;left:7528.13px;letter-spacing:-0.14px;white-space:nowrap">wealth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3641.92px;left:8047.8px;white-space:nowrap">management</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:4680px;white-space:nowrap">businesses)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:5563.02px;white-space:nowrap">(2006-2009);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:6540.6px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:7222.99px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:8003.78px;letter-spacing:-1.54px;white-space:nowrap">Director,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:8666.33px;white-space:nowrap">Global</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:4680px;letter-spacing:-0.24px;white-space:nowrap">General
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:5302.07px;letter-spacing:-0.24px;white-space:nowrap">Counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:5941.9px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:6262.22px;letter-spacing:-0.54px;white-space:nowrap">Corporate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:7051.97px;letter-spacing:-1.22px;white-space:nowrap">Secretary,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:7802.84px;letter-spacing:-0.32px;white-space:nowrap">Barclays
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:8439.63px;white-space:nowrap">Global</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:4680px;white-space:nowrap">Investors
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:5372.3px;white-space:nowrap">(global
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:5927.18px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:6767.96px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:7782.19px;text-rendering:optimizeLegibility;white-space:nowrap">firm)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:8156.11px;white-space:nowrap">(1996-2006);</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;left:4680px;letter-spacing:-1.06px;white-space:nowrap">formerly,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;left:5362.39px;letter-spacing:-2.67px;white-space:nowrap">Partner,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;left:5948.62px;letter-spacing:-0.6px;white-space:nowrap">Orrick,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;left:6478.21px;white-space:nowrap">Herrington
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;left:7315.32px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;left:7467.96px;letter-spacing:-0.29px;white-space:nowrap">Sutcliffe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;left:8085.23px;white-space:nowrap">LLP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;left:8381.23px;white-space:nowrap">(law
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;left:8714.34px;text-rendering:optimizeLegibility;white-space:nowrap">firm)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4601.92px;left:4680px;white-space:nowrap">(1993-1995);
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4601.92px;left:5657.58px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4601.92px;left:6339.97px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4601.92px;left:6962.04px;letter-spacing:-0.75px;white-space:nowrap">Counsel,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4601.92px;left:7638.67px;letter-spacing:-0.19px;white-space:nowrap">Commodity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4601.92px;left:8540.74px;letter-spacing:-1.37px;white-space:nowrap">Futures</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.92px;left:4680px;letter-spacing:-2.04px;white-space:nowrap">Trading
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.92px;left:5273.91px;letter-spacing:-0.17px;white-space:nowrap">Commission
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.92px;left:6220.3px;white-space:nowrap">(government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.92px;left:7203.81px;white-space:nowrap">agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.92px;left:7772.92px;white-space:nowrap">overseeing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.92px;left:8626.03px;letter-spacing:-2.16px;white-space:nowrap">U.S.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.92px;left:4680px;letter-spacing:-0.13px;white-space:nowrap">derivatives
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.92px;left:5504.31px;letter-spacing:-0.32px;white-space:nowrap">markets)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.92px;left:6168.62px;white-space:nowrap">(1989-1993);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.92px;left:7146.19px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.92px;left:7828.58px;white-space:nowrap">Deputy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.92px;left:8401.69px;letter-spacing:-0.18px;white-space:nowrap">Associate</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.92px;left:4680px;letter-spacing:-0.24px;white-space:nowrap">Director/Associate
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.92px;left:6070.54px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.92px;left:6703.97px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.92px;left:6946.53px;letter-spacing:-0.48px;white-space:nowrap">Legal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.92px;left:7383.64px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.92px;left:7703.96px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.92px;left:8385.24px;letter-spacing:-0.96px;white-space:nowrap">Affairs,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:4680px;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;position:absolute;top:5369.92px;left:5158.88px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:5347.67px;letter-spacing:-0.81px;white-space:nowrap">Presidential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:6232.94px;letter-spacing:-1.48px;white-space:nowrap">Personnel,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:7022.85px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:7334.05px;white-space:nowrap">White
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:7805.08px;white-space:nowrap">House
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:8313.23px;white-space:nowrap">(1986-1989);</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.92px;left:4680px;white-space:nowrap">Member
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.92px;left:5345.59px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.92px;left:5534.39px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.92px;left:5809.9px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.92px;left:6291.5px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.92px;left:6480.29px;letter-spacing:-0.7px;white-space:nowrap">Directors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.92px;left:7221.56px;white-space:nowrap">Baltic-American
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.92px;left:8411.79px;letter-spacing:-1.37px;white-space:nowrap">Freedom</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.92px;left:4680px;letter-spacing:-0.84px;white-space:nowrap">Foundation
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.92px;left:5553.11px;letter-spacing:-0.14px;white-space:nowrap">(seeks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.92px;left:6046.86px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.92px;left:6235.34px;letter-spacing:-0.36px;white-space:nowrap">provide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.92px;left:6840.93px;letter-spacing:-0.14px;white-space:nowrap">opportunities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.92px;left:7865.24px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.92px;left:8107.79px;white-space:nowrap">citizens
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.92px;left:8684.74px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.92px;left:8873.54px;white-space:nowrap">the</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.92px;left:4680px;white-space:nowrap">Baltic
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.92px;left:5118.23px;letter-spacing:-0.23px;white-space:nowrap">states
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.92px;left:5577.1px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.92px;left:5765.58px;white-space:nowrap">gain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.92px;left:6125.1px;letter-spacing:-0.16px;white-space:nowrap">education
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.92px;left:6896.77px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.92px;left:7217.09px;letter-spacing:-0.22px;white-space:nowrap">professional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.92px;left:8148.44px;white-space:nowrap">development</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6137.92px;left:4680px;letter-spacing:-0.36px;white-space:nowrap">through
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6137.92px;left:5303.83px;letter-spacing:-0.19px;white-space:nowrap">exchanges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6137.92px;left:6126.22px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6137.92px;left:6299.18px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6137.92px;left:6574.69px;letter-spacing:-0.64px;white-space:nowrap">U.S.)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6137.92px;left:6945.89px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6137.92px;left:7409.4px;letter-spacing:-0.8px;white-space:nowrap">2019).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:10041.3px;white-space:nowrap">139
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:0px;white-space:nowrap">Albin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:427.2px;letter-spacing:-6.72px;white-space:nowrap">F.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:578.56px;white-space:nowrap">Moschner</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6594.88px;left:0px;white-space:nowrap">1952
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:0px;white-space:nowrap">333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:316.47px;letter-spacing:-5.12px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:536.31px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:1119.35px;white-space:nowrap">Drive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;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:160px;position:absolute;top:6978.88px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:2160px;letter-spacing:-0.48px;white-space:nowrap">Board
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:2641.59px;white-space:nowrap">Member</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:3882.4px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6594.88px;left:3794.09px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6594.88px;left:4217.12px;white-space:nowrap">III</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:4680px;letter-spacing:-0.96px;white-space:nowrap">Founder
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:5336.95px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:5657.27px;letter-spacing:0.64px;white-space:nowrap">Chief
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:6088.3px;letter-spacing:-0.1px;white-space:nowrap">Executive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:6824.29px;text-rendering:optimizeLegibility;letter-spacing:-1.71px;white-space:nowrap">Officer,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:7389.89px;letter-spacing:-0.61px;white-space:nowrap">Northcroft
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:8178.04px;letter-spacing:-1.63px;white-space:nowrap">Partners,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:8842.99px;letter-spacing:-2.4px;white-space:nowrap">LLC,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6594.88px;left:4680px;white-space:nowrap">(management
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6594.88px;left:5742.23px;white-space:nowrap">consulting)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6594.88px;left:6590.05px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6594.88px;left:7053.57px;white-space:nowrap">2012);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6594.88px;left:7560.75px;letter-spacing:-1.17px;white-space:nowrap">formerly,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:4680px;white-space:nowrap">Chairman
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:5431.19px;letter-spacing:-0.6px;white-space:nowrap">(2019),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:5975.18px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:6295.5px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:6928.93px;letter-spacing:-0.37px;white-space:nowrap">(2012-2019),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:7895.3px;letter-spacing:-0.72px;white-space:nowrap">USA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:8244.42px;letter-spacing:-1.55px;white-space:nowrap">Technologies,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;left:4680px;letter-spacing:-0.8px;white-space:nowrap">Inc.,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;left:5012.96px;letter-spacing:-0.29px;white-space:nowrap">(provider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;left:5724.15px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;left:5912.94px;white-space:nowrap">solutions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;left:6607.49px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;left:6927.81px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;left:7548.6px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;left:7737.07px;letter-spacing:-0.15px;white-space:nowrap">facilitate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;left:8386.83px;letter-spacing:-0.29px;white-space:nowrap">electronic</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7170.88px;left:4680px;white-space:nowrap">payment
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7170.88px;left:5361.59px;letter-spacing:-0.13px;white-space:nowrap">transactions);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7170.88px;left:6371.33px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7170.88px;left:7053.72px;letter-spacing:-1.54px;white-space:nowrap">Director,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7170.88px;left:7714.36px;white-space:nowrap">Wintrust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7170.88px;left:8365.86px;letter-spacing:-0.32px;white-space:nowrap">Financial</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7362.88px;left:4680px;letter-spacing:-0.45px;white-space:nowrap">Corporation
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7362.88px;left:5608.95px;white-space:nowrap">(1996-2016);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7362.88px;left:6586.52px;letter-spacing:-1.12px;white-space:nowrap">previously,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7362.88px;left:7403.63px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7362.88px;left:7770.67px;white-space:nowrap">positions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7362.88px;left:8473.54px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7362.88px;left:8648.1px;letter-spacing:-0.96px;white-space:nowrap">Leap</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7554.88px;left:4680px;letter-spacing:-0.32px;white-space:nowrap">Wireless
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7554.88px;left:5335.67px;letter-spacing:-0.43px;white-space:nowrap">International,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7554.88px;left:6330.85px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7554.88px;left:6622.21px;white-space:nowrap">(consumer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7554.88px;left:7435.32px;letter-spacing:-0.32px;white-space:nowrap">wireless
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7554.88px;left:8054.83px;letter-spacing:-0.48px;white-space:nowrap">services),</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.88px;left:4680px;white-space:nowrap">including
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.88px;left:5402.23px;letter-spacing:-0.17px;white-space:nowrap">Consultant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.88px;left:6230.38px;letter-spacing:-0.37px;white-space:nowrap">(2011-2012),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.88px;left:7196.76px;letter-spacing:0.64px;white-space:nowrap">Chief
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.88px;left:7627.79px;letter-spacing:-0.35px;white-space:nowrap">Operating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.88px;left:8421.22px;text-rendering:optimizeLegibility;letter-spacing:-0.41px;white-space:nowrap">Officer</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.88px;left:4680px;letter-spacing:-0.37px;white-space:nowrap">(2008-2011),
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.88px;left:5646.38px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.88px;left:5966.69px;letter-spacing:0.64px;white-space:nowrap">Chief
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.88px;left:6397.73px;letter-spacing:-0.29px;white-space:nowrap">Marketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.88px;left:7177.56px;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;position:absolute;top:7938.88px;left:7714.03px;white-space:nowrap">(2004-2008);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.88px;left:8691.61px;letter-spacing:-1.17px;white-space:nowrap">formerly,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.88px;left:4680px;letter-spacing:-1.4px;white-space:nowrap">President,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.88px;left:5433.43px;letter-spacing:-0.84px;white-space:nowrap">Verizon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.88px;left:6016.94px;letter-spacing:-1.15px;white-space:nowrap">Card
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.88px;left:6411.34px;white-space:nowrap">Services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.88px;left:7051.33px;white-space:nowrap">division
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.88px;left:7653.08px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8130.88px;left:7839px;letter-spacing:-0.96px;white-space:nowrap">Verizon</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.88px;left:4680px;letter-spacing:-0.52px;white-space:nowrap">Communications,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.88px;left:5992.63px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.88px;left:6283.98px;white-space:nowrap">(2000-2003);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.88px;left:7261.56px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.88px;left:7943.95px;letter-spacing:-1.4px;white-space:nowrap">President,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8322.88px;left:8700.26px;white-space:nowrap">One</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8514.88px;left:4680px;letter-spacing:-1.92px;white-space:nowrap">Point
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8514.88px;left:5082.71px;white-space:nowrap">Services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8514.88px;left:5722.71px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8514.88px;left:5897.26px;white-space:nowrap">One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8514.88px;left:6257.74px;letter-spacing:-1.92px;white-space:nowrap">Point
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8514.88px;left:6660.45px;letter-spacing:-0.25px;white-space:nowrap">Communications</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8706.88px;left:4680px;letter-spacing:-0.08px;white-space:nowrap">(telecommunication
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8706.88px;left:6173.58px;white-space:nowrap">services)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8706.88px;left:6842.37px;white-space:nowrap">(1999-2000);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8706.88px;left:7819.95px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8706.88px;left:8499.46px;letter-spacing:-0.72px;white-space:nowrap">Vice</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8898.88px;left:4680px;white-space:nowrap">Chairman
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8898.88px;left:5431.19px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8898.88px;left:5619.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8898.88px;left:5895.5px;letter-spacing:-1.1px;white-space:nowrap">Board,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8898.88px;left:6413.9px;letter-spacing:-0.8px;white-space:nowrap">Diba,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8898.88px;left:6839.17px;letter-spacing:-0.27px;white-space:nowrap">Incorporated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8898.88px;left:7832.12px;white-space:nowrap">(internet</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9090.88px;left:4680px;white-space:nowrap">technology
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9090.88px;left:5543.51px;letter-spacing:-0.29px;white-space:nowrap">provider)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9090.88px;left:6254.7px;white-space:nowrap">(1996-1997);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9090.88px;left:7232.27px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9090.88px;left:7914.66px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9090.88px;left:8477.53px;letter-spacing:-0.21px;white-space:nowrap">executive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9282.88px;left:4680px;white-space:nowrap">positions
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9282.88px;left:5382.87px;white-space:nowrap">(1991-1996)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9282.88px;left:6312.45px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9282.88px;left:7034.68px;letter-spacing:0.64px;white-space:nowrap">Chief
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9282.88px;left:7465.71px;letter-spacing:-0.1px;white-space:nowrap">Executive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9282.88px;left:8201.7px;text-rendering:optimizeLegibility;letter-spacing:-0.41px;white-space:nowrap">Officer</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9474.88px;left:4680px;white-space:nowrap">(1995-1996)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9474.88px;left:5609.58px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9474.88px;left:5798.37px;letter-spacing:-0.27px;white-space:nowrap">Zenith
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9474.88px;left:6296.45px;letter-spacing:-0.24px;white-space:nowrap">Electronics
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9474.88px;left:7130.2px;letter-spacing:-0.45px;white-space:nowrap">Corporation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9474.88px;left:8059.15px;white-space:nowrap">(consumer</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9666.88px;left:4680px;letter-spacing:-0.59px;white-space:nowrap">electronics).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:10041.3px;white-space:nowrap">139</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9931.84px;left:0px;white-space:nowrap">John
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9931.84px;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:160px;position:absolute;top:9931.84px;left:579.99px;white-space:nowrap">Nelson</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10123.84px;left:0px;white-space:nowrap">1962
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10315.84px;left:0px;white-space:nowrap">333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10315.84px;left:316.47px;letter-spacing:-5.12px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10315.84px;left:536.31px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10315.84px;left:1119.35px;white-space:nowrap">Drive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10507.84px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10507.84px;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:160px;position:absolute;top:10507.84px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9931.84px;left:2160px;letter-spacing:-0.48px;white-space:nowrap">Board
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9931.84px;left:2641.59px;white-space:nowrap">Member</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9931.84px;left:3882.4px;white-space:nowrap">2013
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10123.84px;left:3814.88px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10123.84px;left:4237.92px;white-space:nowrap">II</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9931.84px;left:4680px;white-space:nowrap">Member
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9931.84px;left:5345.59px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9931.84px;left:5534.39px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9931.84px;left:6015.98px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9931.84px;left:6204.78px;letter-spacing:-0.29px;white-space:nowrap">Directors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9931.84px;left:6909.25px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9931.84px;left:7098.04px;letter-spacing:-0.69px;white-space:nowrap">Core12
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9931.84px;left:7680.91px;letter-spacing:-1.92px;white-space:nowrap">LLC.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9931.84px;left:8031.31px;letter-spacing:-0.18px;white-space:nowrap">(private
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9931.84px;left:8622.66px;text-rendering:optimizeLegibility;white-space:nowrap">firm</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10123.84px;left:4680px;white-space:nowrap">which
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10123.84px;left:5145.92px;white-space:nowrap">develops
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10123.84px;left:5859.67px;letter-spacing:-0.67px;white-space:nowrap">branding,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10123.84px;left:6608.46px;letter-spacing:-0.29px;white-space:nowrap">marketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10123.84px;left:7387.81px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10123.84px;left:7708.13px;letter-spacing:-0.11px;white-space:nowrap">communications</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10315.84px;left:4680px;letter-spacing:-0.32px;white-space:nowrap">strategies
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10315.84px;left:5427.19px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10315.84px;left:5669.74px;white-space:nowrap">clients)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10315.84px;left:6224.29px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10315.84px;left:6687.81px;white-space:nowrap">2008);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10315.84px;left:7194.99px;white-space:nowrap">served
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10315.84px;left:7722.82px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10315.84px;left:8035.94px;letter-spacing:-1.31px;white-space:nowrap">President&#8217;s</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10507.84px;left:4680px;letter-spacing:-0.24px;white-space:nowrap">Council
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10507.84px;left:5277.28px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10507.84px;left:5466.07px;letter-spacing:-1.32px;white-space:nowrap">Fordham
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10507.84px;left:6162.71px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10507.84px;left:6916.29px;white-space:nowrap">(2010-2019)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10507.84px;left:7845.87px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10507.84px;left:8166.19px;letter-spacing:-0.26px;white-space:nowrap">previously
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10507.84px;left:8952.26px;white-space:nowrap">a</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10699.84px;left:4680px;letter-spacing:-0.32px;white-space:nowrap">Director
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10699.84px;left:5313.43px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10699.84px;left:5502.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10699.84px;left:5777.74px;letter-spacing:-0.27px;white-space:nowrap">Curran
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10699.84px;left:6317.57px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10699.84px;left:6855.16px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10699.84px;left:7097.72px;letter-spacing:-0.5px;white-space:nowrap">Catholic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10699.84px;left:7733.08px;white-space:nowrap">American
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10699.84px;left:8473.87px;letter-spacing:-0.14px;white-space:nowrap">Studies</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10891.84px;left:4680px;white-space:nowrap">(2009-2018);
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10891.84px;left:5657.58px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10891.84px;left:6339.97px;white-space:nowrap">senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10891.84px;left:6830.84px;letter-spacing:-0.11px;white-space:nowrap">external
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10891.84px;left:7457.39px;white-space:nowrap">advisor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10891.84px;left:8029.22px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10891.84px;left:8217.7px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10891.84px;left:8493.21px;letter-spacing:-0.32px;white-space:nowrap">Financial</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11083.84px;left:4680px;white-space:nowrap">Services
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11083.84px;left:5319.99px;letter-spacing:-0.21px;white-space:nowrap">practice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11083.84px;left:5944.94px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11083.84px;left:6133.74px;letter-spacing:-0.21px;white-space:nowrap">Deloitte
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11083.84px;left:6755.49px;letter-spacing:-0.17px;white-space:nowrap">Consulting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11083.84px;left:7588.6px;letter-spacing:-5.57px;white-space:nowrap">LLP.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11083.84px;left:7898.35px;white-space:nowrap">(2012-2014);</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11275.84px;left:4680px;white-space:nowrap">former
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11275.84px;left:5212.95px;white-space:nowrap">Chair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11275.84px;left:5644.47px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11275.84px;left:5833.26px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11275.84px;left:6108.78px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11275.84px;left:6590.37px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11275.84px;left:6775.33px;letter-spacing:-1.6px;white-space:nowrap">Trustees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11275.84px;left:7418.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11275.84px;left:7607.31px;white-space:nowrap">Marian
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11275.84px;left:8150.51px;white-space:nowrap">University</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11467.84px;left:4680px;white-space:nowrap">(2010-2014
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11467.84px;left:5561.58px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11467.84px;left:5758.06px;letter-spacing:-0.53px;white-space:nowrap">trustee,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11467.84px;left:6340.92px;white-space:nowrap">2011-2014
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11467.84px;left:7174.5px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11467.84px;left:7370.98px;white-space:nowrap">Chair);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11467.84px;left:7898.49px;white-space:nowrap">formerly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11467.84px;left:8549.84px;letter-spacing:0.77px;white-space:nowrap">Chief</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11659.84px;left:4680px;letter-spacing:-0.1px;white-space:nowrap">Executive
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11659.84px;left:5415.99px;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;position:absolute;top:11659.84px;left:5952.47px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11659.84px;left:6138.38px;white-space:nowrap">ABN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11659.84px;left:6511.5px;white-space:nowrap">AMRO
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11659.84px;left:7037.1px;white-space:nowrap">Bank
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11659.84px;left:7438.85px;letter-spacing:-4.8px;white-space:nowrap">N.V.,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11659.84px;left:7796.77px;letter-spacing:-0.32px;white-space:nowrap">North
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11659.84px;left:8253.56px;letter-spacing:-0.53px;white-space:nowrap">America,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11659.84px;left:8938.2px;white-space:nowrap">and</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11851.84px;left:4680px;white-space:nowrap">Global
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11851.84px;left:5210.4px;letter-spacing:-0.19px;white-space:nowrap">Head
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11851.84px;left:5643.19px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11851.84px;left:5831.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11851.84px;left:6107.5px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11851.84px;left:6791.66px;letter-spacing:-0.36px;white-space:nowrap">Markets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11851.84px;left:7408.45px;white-space:nowrap">Division
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11851.84px;left:8029.4px;letter-spacing:-0.4px;white-space:nowrap">(2007-2008),</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12043.84px;left:4680px;white-space:nowrap">with
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12043.84px;left:5023.35px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12043.84px;left:5586.23px;letter-spacing:-0.19px;white-space:nowrap">executive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12043.84px;left:6318.06px;letter-spacing:-0.09px;white-space:nowrap">leadership
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12043.84px;left:7131.33px;letter-spacing:-0.48px;white-space:nowrap">roles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12043.84px;left:7526.68px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12043.84px;left:7696.76px;white-space:nowrap">ABN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12043.84px;left:8069.88px;white-space:nowrap">AMRO
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12043.84px;left:8595.47px;white-space:nowrap">Bank</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12235.84px;left:4680px;letter-spacing:-5.76px;white-space:nowrap">N.V.
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12235.84px;left:4996.32px;white-space:nowrap">between
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12235.84px;left:5675.83px;white-space:nowrap">1996
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12235.84px;left:6087.02px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12235.84px;left:6407.33px;letter-spacing:-0.96px;white-space:nowrap">2007.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9931.84px;left:10041.3px;white-space:nowrap">139
</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:10378.56px;white-space:nowrap">109</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12888 characters]);background-repeat:no-repeat;background-size:cover;height:663.29px;left:0px;position:absolute;top:0px;transform:translate(36.000px,85.399px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:539.25px">

 <div style="width:10627.2px;height:13225.88px;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:160px;position:absolute;top:616px;left:0px;letter-spacing:-0.96px;white-space:nowrap">Name,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:0px;letter-spacing:-3.07px;white-space:nowrap">Year
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:355.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:544.31px;letter-spacing:-0.38px;white-space:nowrap">Birth</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:0px;white-space:nowrap">&amp;
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:149.76px;letter-spacing:-0.41px;white-space:nowrap">Address</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:2160px;letter-spacing:-0.96px;white-space:nowrap">Position(s)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:2938.54px;white-space:nowrap">Held</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:2160px;white-space:nowrap">with
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:2503.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:2778.87px;letter-spacing:-1.34px;white-space:nowrap">Funds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:3456px;letter-spacing:-3.07px;white-space:nowrap">Year
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:3811.52px;letter-spacing:-0.48px;white-space:nowrap">First
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:616px;left:3456px;white-space:nowrap">Elected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:616px;left:4046.71px;white-space:nowrap">or</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:3456px;white-space:nowrap">Appointed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:3456px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:3772.48px;letter-spacing:-3.84px;white-space:nowrap">Term</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:93.3px;position:absolute;top:997.16px;left:4138.71px;white-space:nowrap">(1)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:616px;left:4680px;letter-spacing:-0.77px;white-space:nowrap">Principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:616px;left:5343.03px;letter-spacing:-0.12px;white-space:nowrap">Occupation(s)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:4680px;white-space:nowrap">Including
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:5403.83px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:5834.7px;letter-spacing:-0.22px;white-space:nowrap">Directorships</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:4680px;white-space:nowrap">During
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:5225.75px;letter-spacing:-1.92px;white-space:nowrap">Past
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:5556.15px;white-space:nowrap">5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:5685.1px;letter-spacing:-3.07px;white-space:nowrap">Years</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:9576px;white-space:nowrap">Number
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:10223.51px;letter-spacing:1.92px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:9576px;letter-spacing:-1.22px;white-space:nowrap">Portfolios
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:9576px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:9748.96px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:616px;left:9576px;letter-spacing:-0.36px;white-space:nowrap">Complex
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:9576px;white-space:nowrap">Overseen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:808px;left:10326.23px;white-space:nowrap">By</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:9576px;letter-spacing:-0.48px;white-space:nowrap">Board
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1000px;left:10057.59px;white-space:nowrap">Member</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Matthew
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;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:160px;position:absolute;top:1264.96px;left:1376.78px;white-space:nowrap">III</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:0px;white-space:nowrap">1958
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:0px;white-space:nowrap">333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:316.47px;letter-spacing:-5.12px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:536.31px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:1119.35px;white-space:nowrap">Drive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1840.96px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1840.96px;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:160px;position:absolute;top:1840.96px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:2160px;letter-spacing:-0.48px;white-space:nowrap">Board
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:2641.59px;white-space:nowrap">Member</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:3882.4px;white-space:nowrap">2020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:3794.09px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:4217.12px;white-space:nowrap">III</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:4680px;letter-spacing:-1.82px;white-space:nowrap">Formerly,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:5397.43px;letter-spacing:-0.1px;white-space:nowrap">Executive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:6130.54px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:6478.86px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:7198.37px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:7518.69px;letter-spacing:0.64px;white-space:nowrap">Chief
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:7949.72px;letter-spacing:-0.35px;white-space:nowrap">Operating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:8743.15px;text-rendering:optimizeLegibility;letter-spacing:-0.41px;white-space:nowrap">Officer</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:4680px;letter-spacing:-0.37px;white-space:nowrap">(2018-2019),
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:5646.38px;letter-spacing:-1.28px;white-space:nowrap">FedEx
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:6134.21px;letter-spacing:-1.2px;white-space:nowrap">Freight
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:6688.77px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:7654.51px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:7779.95px;white-space:nowrap">subsidiary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:8559.94px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:8748.74px;letter-spacing:-1.54px;white-space:nowrap">FedEx</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:4680px;letter-spacing:-0.45px;white-space:nowrap">Corporation
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:5608.95px;letter-spacing:-0.96px;white-space:nowrap">(FedEx)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:6192.78px;letter-spacing:-0.29px;white-space:nowrap">(provider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:6903.97px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:7092.77px;letter-spacing:-0.64px;white-space:nowrap">transportation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1648.96px;left:8196.43px;letter-spacing:-0.29px;white-space:nowrap">e-commerce</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1840.96px;left:4680px;white-space:nowrap">and
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1840.96px;left:5000.32px;white-space:nowrap">business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1840.96px;left:5672.79px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1840.96px;left:6293.57px;letter-spacing:-0.36px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1840.96px;left:6917.4px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1840.96px;left:7119.16px;letter-spacing:-0.19px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1840.96px;left:7787.95px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1840.96px;left:7976.75px;white-space:nowrap">companies);</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2032.96px;left:4680px;letter-spacing:-1.06px;white-space:nowrap">formerly,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2032.96px;left:5362.39px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2032.96px;left:5869.58px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2032.96px;left:6217.9px;letter-spacing:-1.4px;white-space:nowrap">President,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2032.96px;left:6974.21px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2032.96px;left:7292.61px;letter-spacing:-0.32px;white-space:nowrap">Operations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2032.96px;left:8153.72px;letter-spacing:-0.4px;white-space:nowrap">(2006-2018),</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2224.96px;left:4680px;letter-spacing:-1.2px;white-space:nowrap">Federal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2224.96px;left:5268.64px;letter-spacing:-0.36px;white-space:nowrap">Express
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2224.96px;left:5870.71px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2224.96px;left:6836.45px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2224.96px;left:6961.89px;white-space:nowrap">subsidiary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2224.96px;left:7741.88px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2224.96px;left:7930.68px;letter-spacing:-1.1px;white-space:nowrap">FedEx;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2224.96px;left:8466.51px;white-space:nowrap">formerly</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2416.96px;left:4680px;white-space:nowrap">Member
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2416.96px;left:5345.59px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2416.96px;left:5534.39px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2416.96px;left:5809.9px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2416.96px;left:6291.5px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2416.96px;left:6480.29px;letter-spacing:-0.29px;white-space:nowrap">Directors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2416.96px;left:7184.76px;letter-spacing:-0.37px;white-space:nowrap">(2012-2018),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2416.96px;left:8151.14px;white-space:nowrap">Safe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2416.96px;left:8505.53px;white-space:nowrap">Kids</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2608.96px;left:4680px;letter-spacing:-0.52px;white-space:nowrap">Worldwide&#174;
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2608.96px;left:5616.15px;white-space:nowrap">(a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2608.96px;left:5789.58px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">non-profit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2608.96px;left:6556.29px;letter-spacing:-0.34px;white-space:nowrap">organization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2608.96px;left:7504.28px;letter-spacing:-0.16px;white-space:nowrap">dedicated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2608.96px;left:8287.63px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2608.96px;left:8476.11px;letter-spacing:-0.29px;white-space:nowrap">preventing</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2800.96px;left:4680px;white-space:nowrap">childhood
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2800.96px;left:5466.23px;letter-spacing:-0.44px;white-space:nowrap">injuries).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2800.96px;left:6117.26px;white-space:nowrap">Member
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2800.96px;left:6782.85px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2800.96px;left:6971.65px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2800.96px;left:7247.16px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2800.96px;left:7728.76px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2800.96px;left:7917.55px;letter-spacing:-0.29px;white-space:nowrap">Directors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2800.96px;left:8622.02px;white-space:nowrap">(since</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2992.96px;left:4680px;letter-spacing:-0.69px;white-space:nowrap">2014),
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2992.96px;left:5172.15px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2992.96px;left:5485.27px;white-space:nowrap">Sherwin-Williams
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2992.96px;left:6773.41px;letter-spacing:-0.24px;white-space:nowrap">Company
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2992.96px;left:7523.81px;letter-spacing:-0.48px;white-space:nowrap">(develops,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3184.96px;left:4680px;letter-spacing:-0.55px;white-space:nowrap">manufactures,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3184.96px;left:5743.03px;white-space:nowrap">distributes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3184.96px;left:6552.45px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3184.96px;left:6872.77px;white-space:nowrap">sells
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3184.96px;left:7227px;letter-spacing:-0.6px;white-space:nowrap">paints,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3184.96px;left:7745.55px;letter-spacing:-0.18px;white-space:nowrap">coatings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3184.96px;left:8402.99px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3184.96px;left:8723.3px;letter-spacing:-0.64px;white-space:nowrap">related</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3376.96px;left:4680px;letter-spacing:-0.26px;white-space:nowrap">products);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3376.96px;left:5466.71px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3376.96px;left:6100.14px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3376.96px;left:6563.65px;letter-spacing:-0.69px;white-space:nowrap">2020),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3376.96px;left:7059.64px;letter-spacing:-0.48px;white-space:nowrap">Crown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3376.96px;left:7579.63px;letter-spacing:-0.41px;white-space:nowrap">Castle
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3376.96px;left:8070.98px;letter-spacing:-0.12px;white-space:nowrap">International</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3568.96px;left:4680px;letter-spacing:-0.29px;white-space:nowrap">(provider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3568.96px;left:5391.19px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3568.96px;left:5579.99px;letter-spacing:-0.11px;white-space:nowrap">communications
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3568.96px;left:6822.53px;letter-spacing:-0.6px;white-space:nowrap">infrastructure).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:10041.3px;white-space:nowrap">139
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:0px;letter-spacing:-0.64px;white-space:nowrap">Margaret
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:705.43px;letter-spacing:-1.6px;white-space:nowrap">L.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:861.91px;letter-spacing:-0.96px;white-space:nowrap">Wolff</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:0px;white-space:nowrap">1955
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:0px;white-space:nowrap">333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:316.47px;letter-spacing:-5.12px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:536.31px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:1119.35px;white-space:nowrap">Drive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;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:160px;position:absolute;top:4409.92px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:2160px;letter-spacing:-0.48px;white-space:nowrap">Board
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:2641.59px;white-space:nowrap">Member</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:3882.4px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:3835.68px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:4258.72px;white-space:nowrap">I</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:4680px;letter-spacing:-1.82px;white-space:nowrap">Formerly,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:5397.43px;white-space:nowrap">member
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:6062.54px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:6251.34px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:6526.86px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:7008.45px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:7197.25px;letter-spacing:-0.29px;white-space:nowrap">Directors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:7901.71px;white-space:nowrap">(2013-2017)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:8831.29px;letter-spacing:1.92px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:4680px;letter-spacing:-1.63px;white-space:nowrap">Travelers
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:5367.99px;letter-spacing:-0.19px;white-space:nowrap">Insurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:6112.14px;letter-spacing:-0.24px;white-space:nowrap">Company
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:6862.53px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:7051.33px;letter-spacing:-0.41px;white-space:nowrap">Canada
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:7654.84px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:7971.32px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:8284.44px;white-space:nowrap">Dominion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4025.92px;left:9048.27px;letter-spacing:1.92px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:4680px;letter-spacing:-0.41px;white-space:nowrap">Canada
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:5283.52px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:5905.59px;letter-spacing:-0.19px;white-space:nowrap">Insurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:6649.74px;letter-spacing:-0.24px;white-space:nowrap">Company
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:7400.13px;letter-spacing:-0.82px;white-space:nowrap">(each,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:7874.21px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:7999.65px;letter-spacing:-0.38px;white-space:nowrap">part
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:8333.08px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4217.92px;left:8518.04px;letter-spacing:-1.81px;white-space:nowrap">Travelers</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;left:4680px;letter-spacing:-0.96px;white-space:nowrap">Canada,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;left:5320.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;left:5595.83px;letter-spacing:-0.32px;white-space:nowrap">Canadian
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;left:6332.3px;letter-spacing:-0.35px;white-space:nowrap">operation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;left:7084.14px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;left:7269.09px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;left:7578.37px;letter-spacing:-1.63px;white-space:nowrap">Travelers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4409.92px;left:8266.36px;letter-spacing:-0.67px;white-space:nowrap">Companies,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4601.92px;left:4680px;white-space:nowrap">Inc.);
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4601.92px;left:5072.15px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4601.92px;left:5754.54px;letter-spacing:1.28px;white-space:nowrap">Of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4601.92px;left:5981.58px;letter-spacing:-0.75px;white-space:nowrap">Counsel,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4601.92px;left:6658.21px;letter-spacing:-0.64px;white-space:nowrap">Skadden,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4601.92px;left:7376.77px;letter-spacing:-0.8px;white-space:nowrap">Arps,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4601.92px;left:7795.8px;letter-spacing:-0.91px;white-space:nowrap">Slate,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4601.92px;left:8229.23px;letter-spacing:-0.12px;white-space:nowrap">Meagher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4601.92px;left:8930.5px;white-space:nowrap">&amp;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.92px;left:4680px;white-space:nowrap">Flom
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.92px;left:5089.28px;white-space:nowrap">LLP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.92px;left:5385.27px;letter-spacing:-0.32px;white-space:nowrap">(Mergers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.92px;left:6082.54px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.92px;left:6232.3px;white-space:nowrap">Acquisitions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.92px;left:7162.37px;letter-spacing:-0.41px;white-space:nowrap">Group)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.92px;left:7722.04px;white-space:nowrap">(legal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.92px;left:8168.75px;white-space:nowrap">services)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4793.92px;left:8837.54px;white-space:nowrap">(2005-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.92px;left:4680px;white-space:nowrap">2014);
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.92px;left:5187.19px;white-space:nowrap">Member
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.92px;left:5852.78px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.92px;left:6041.57px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.92px;left:6317.09px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.92px;left:6798.68px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.92px;left:6983.64px;letter-spacing:-1.6px;white-space:nowrap">Trustees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.92px;left:7626.83px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.92px;left:7815.63px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4985.92px;left:8184.9px;letter-spacing:-1.6px;white-space:nowrap">York-Presbyterian
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.92px;left:4680px;white-space:nowrap">Hospital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.92px;left:5321.75px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.92px;left:5785.26px;white-space:nowrap">2005);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.92px;left:6292.45px;white-space:nowrap">Member
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.92px;left:6958.04px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.92px;left:7421.56px;white-space:nowrap">2004)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.92px;left:7880.74px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.92px;left:8563.13px;white-space:nowrap">Chair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5177.92px;left:8994.65px;white-space:nowrap">(2015-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:4680px;white-space:nowrap">2022)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:5139.19px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:5327.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:5603.5px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:6085.1px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:6270.05px;letter-spacing:-1.6px;white-space:nowrap">Trustees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:6913.24px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:7098.2px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:7409.4px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:7809.23px;letter-spacing:-1.6px;white-space:nowrap">A.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:7998.03px;letter-spacing:-0.53px;white-space:nowrap">Hartford
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5369.92px;left:8646.34px;letter-spacing:-0.84px;white-space:nowrap">Foundation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.92px;left:4680px;white-space:nowrap">(a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.92px;left:4853.44px;letter-spacing:-0.22px;white-space:nowrap">philanthropy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.92px;left:5823.19px;letter-spacing:-0.16px;white-space:nowrap">dedicated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.92px;left:6606.54px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.92px;left:6795.01px;letter-spacing:-0.29px;white-space:nowrap">improving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.92px;left:7582.53px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.92px;left:7858.04px;letter-spacing:-0.58px;white-space:nowrap">care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.92px;left:8209.72px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.92px;left:8398.52px;white-space:nowrap">older
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5561.92px;left:8827.63px;white-space:nowrap">adults);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.92px;left:4680px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.92px;left:5362.39px;white-space:nowrap">Member
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.92px;left:6027.98px;white-space:nowrap">(2005-2015)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.92px;left:6957.56px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.92px;left:7275px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.92px;left:7623.32px;white-space:nowrap">Chair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.92px;left:8054.83px;white-space:nowrap">(2011-2015)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.92px;left:8984.41px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5753.92px;left:9173.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.92px;left:4680px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.92px;left:5161.59px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.92px;left:5346.55px;letter-spacing:-1.6px;white-space:nowrap">Trustees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.92px;left:5989.74px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.92px;left:6178.54px;letter-spacing:-1.2px;white-space:nowrap">Mt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.92px;left:6447.81px;letter-spacing:-0.36px;white-space:nowrap">Holyoke
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5945.92px;left:7086.84px;letter-spacing:-0.84px;white-space:nowrap">College.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3833.92px;left:10041.3px;white-space:nowrap">139
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6210.88px;left:0px;letter-spacing:-0.55px;white-space:nowrap">Robert
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6210.88px;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:160px;position:absolute;top:6210.88px;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:160px;position:absolute;top:6402.88px;left:0px;white-space:nowrap">1963
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6594.88px;left:0px;white-space:nowrap">333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6594.88px;left:316.47px;letter-spacing:-5.12px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6594.88px;left:536.31px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6594.88px;left:1119.35px;white-space:nowrap">Drive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;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:160px;position:absolute;top:6786.88px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6210.88px;left:2160px;letter-spacing:-0.48px;white-space:nowrap">Board
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6210.88px;left:2641.59px;white-space:nowrap">Member</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6210.88px;left:3882.4px;white-space:nowrap">2017
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:3814.88px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:4237.92px;white-space:nowrap">II</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6210.88px;left:4680px;letter-spacing:-1.82px;white-space:nowrap">Formerly,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6210.88px;left:5397.43px;letter-spacing:0.64px;white-space:nowrap">Chief
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6210.88px;left:5828.46px;letter-spacing:-0.35px;white-space:nowrap">Operating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6210.88px;left:6621.89px;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;position:absolute;top:6210.88px;left:7158.37px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6210.88px;left:7478.69px;letter-spacing:-1.54px;white-space:nowrap">Director,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6210.88px;left:8139.32px;letter-spacing:-5.57px;white-space:nowrap">J.P.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6210.88px;left:8406.19px;letter-spacing:-0.48px;white-space:nowrap">Morgan</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:4680px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:5522.39px;white-space:nowrap">Management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:6537.09px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:6828.45px;text-rendering:optimizeLegibility;white-space:nowrap">(financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:7520.6px;white-space:nowrap">services)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6402.88px;left:8189.39px;white-space:nowrap">(2010-2016);</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6594.88px;left:4680px;letter-spacing:-1.06px;white-space:nowrap">formerly,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6594.88px;left:5362.39px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6594.88px;left:6081.9px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6594.88px;left:6402.22px;letter-spacing:-0.77px;white-space:nowrap">Principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6594.88px;left:7065.25px;letter-spacing:-0.1px;white-space:nowrap">Executive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6594.88px;left:7801.24px;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;position:absolute;top:6594.88px;left:8337.72px;letter-spacing:-0.4px;white-space:nowrap">(2013-2016),</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:4680px;white-space:nowrap">and
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:5000.32px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:5507.51px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:5855.83px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:6575.34px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:6895.66px;letter-spacing:0.64px;white-space:nowrap">Chief
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:7326.69px;letter-spacing:-0.35px;white-space:nowrap">Operating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6786.88px;left:8120.12px;text-rendering:optimizeLegibility;letter-spacing:-0.41px;white-space:nowrap">Officer</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;left:4680px;letter-spacing:-0.37px;white-space:nowrap">(2005-2010),
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;left:5646.38px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;left:5833.25px;letter-spacing:-5.57px;white-space:nowrap">J.P.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;left:6100.13px;letter-spacing:-0.41px;white-space:nowrap">Morgan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;left:6713.88px;letter-spacing:-0.96px;white-space:nowrap">Funds;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;left:7243.96px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;left:7926.35px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6978.88px;left:8559.78px;white-space:nowrap">and</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7170.88px;left:4680px;white-space:nowrap">various
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7170.88px;left:5242.87px;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;position:absolute;top:7170.88px;left:5741.11px;white-space:nowrap">positions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7170.88px;left:6443.97px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7170.88px;left:6684.61px;letter-spacing:-5.57px;white-space:nowrap">J.P.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7170.88px;left:6951.49px;letter-spacing:-0.41px;white-space:nowrap">Morgan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7170.88px;left:7565.24px;white-space:nowrap">Investment</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7362.88px;left:4680px;white-space:nowrap">Management
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7362.88px;left:5694.71px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7362.88px;left:5986.06px;letter-spacing:-0.96px;white-space:nowrap">(formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7362.88px;left:6714.53px;letter-spacing:-0.32px;white-space:nowrap">JPMorgan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7362.88px;left:7499.8px;letter-spacing:-1.12px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7362.88px;left:7981.88px;letter-spacing:-0.44px;white-space:nowrap">Management,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7554.88px;left:4680px;letter-spacing:-0.96px;white-space:nowrap">Inc.
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7554.88px;left:4971.36px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7554.88px;left:5291.67px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7554.88px;left:5974.06px;white-space:nowrap">One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7554.88px;left:6334.54px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7554.88px;left:6843.34px;letter-spacing:-0.23px;white-space:nowrap">Administrative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7554.88px;left:7933.08px;white-space:nowrap">Services)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7554.88px;left:8621.07px;white-space:nowrap">and</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.88px;left:4680px;letter-spacing:-0.32px;white-space:nowrap">JPMorgan
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.88px;left:5465.27px;white-space:nowrap">Distribution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.88px;left:6362.05px;letter-spacing:-0.48px;white-space:nowrap">Services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.88px;left:7038.84px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.88px;left:7330.2px;text-rendering:optimizeLegibility;white-space:nowrap">(financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7746.88px;left:8022.35px;white-space:nowrap">services)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.88px;left:4680px;letter-spacing:-0.96px;white-space:nowrap">(formerly,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.88px;left:5410.39px;white-space:nowrap">One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.88px;left:5770.86px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.88px;left:6282.54px;letter-spacing:-0.14px;white-space:nowrap">Dealer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.88px;left:6809.09px;letter-spacing:-0.48px;white-space:nowrap">Services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.88px;left:7485.88px;white-space:nowrap">Inc.)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7938.88px;left:7830.04px;letter-spacing:-0.4px;white-space:nowrap">(1999-2017).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6210.88px;left:10041.3px;white-space:nowrap">139
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8395.84px;left:0px;letter-spacing:-0.96px;white-space:nowrap">Name,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8587.84px;left:0px;letter-spacing:-3.07px;white-space:nowrap">Year
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8587.84px;left:355.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8587.84px;left:544.31px;letter-spacing:-0.38px;white-space:nowrap">Birth</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8779.84px;left:0px;white-space:nowrap">&amp;
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8779.84px;left:149.76px;letter-spacing:-0.41px;white-space:nowrap">Address</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8587.84px;left:2160px;letter-spacing:-0.96px;white-space:nowrap">Position(s)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8587.84px;left:2938.54px;white-space:nowrap">Held</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8779.84px;left:2160px;white-space:nowrap">with
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8779.84px;left:2503.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8779.84px;left:2778.87px;letter-spacing:-1.34px;white-space:nowrap">Funds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8395.84px;left:3456px;letter-spacing:-3.07px;white-space:nowrap">Year
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8395.84px;left:3811.52px;letter-spacing:-0.58px;white-space:nowrap">First</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8587.84px;left:3456px;white-space:nowrap">Elected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8587.84px;left:4046.71px;white-space:nowrap">or</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8779.84px;left:3456px;white-space:nowrap">Appointed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:93.3px;position:absolute;top:8777px;left:4246.07px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8395.84px;left:4680px;letter-spacing:-0.77px;white-space:nowrap">Principal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8395.84px;left:5343.03px;letter-spacing:-0.12px;white-space:nowrap">Occupation(s)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8587.84px;left:4680px;white-space:nowrap">Including
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8587.84px;left:5403.83px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8587.84px;left:5834.7px;letter-spacing:-0.22px;white-space:nowrap">Directorships</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8779.84px;left:4680px;white-space:nowrap">During
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8779.84px;left:5225.75px;letter-spacing:-1.92px;white-space:nowrap">Past
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8779.84px;left:5556.15px;white-space:nowrap">5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8779.84px;left:5685.1px;letter-spacing:-2.56px;white-space:nowrap">Years
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9116.8px;left:0px;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;position:absolute;top:9116.8px;left:607.51px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9116.8px;left:796.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9116.8px;left:1071.82px;letter-spacing:-1.12px;white-space:nowrap">Funds:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9499.12px;left:0px;white-space:nowrap">David
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9499.12px;left:464.64px;letter-spacing:-1.6px;white-space:nowrap">J.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9499.12px;left:620.15px;white-space:nowrap">Lamb</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9763.12px;left:0px;white-space:nowrap">1963
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9955.12px;left:0px;white-space:nowrap">333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9955.12px;left:316.47px;letter-spacing:-5.12px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9955.12px;left:536.31px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9955.12px;left:1119.35px;white-space:nowrap">Drive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10147.12px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10147.12px;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:160px;position:absolute;top:10147.12px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9453.76px;left:2160px;letter-spacing:0.77px;white-space:nowrap">Chief
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9645.76px;left:2160px;letter-spacing:-0.25px;white-space:nowrap">Administrative</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9837.76px;left:2160px;text-rendering:optimizeLegibility;letter-spacing:-0.41px;white-space:nowrap">Officer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9453.76px;left:3882.4px;white-space:nowrap">2015</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9453.76px;left:4680px;white-space:nowrap">Managing
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9453.76px;left:5460.79px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9453.76px;left:6094.22px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9453.76px;left:6283.02px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9453.76px;left:6892.29px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9453.76px;left:7300.45px;letter-spacing:-0.48px;white-space:nowrap">Advisors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9453.76px;left:8006.68px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9453.76px;left:8320.27px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9453.76px;left:8783.79px;white-space:nowrap">2019);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9453.76px;left:9290.97px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9453.76px;left:9801.05px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9645.76px;left:4680px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9645.76px;left:5313.43px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9645.76px;left:5776.94px;letter-spacing:-0.69px;white-space:nowrap">2021),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9645.76px;left:6272.93px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9645.76px;left:6955.32px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9645.76px;left:7736.11px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9645.76px;left:8369.54px;white-space:nowrap">(2020-2021)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9645.76px;left:9299.12px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9645.76px;left:9487.92px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9837.76px;left:4680px;letter-spacing:-0.4px;white-space:nowrap">Securities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9837.76px;left:5462.39px;letter-spacing:-0.96px;white-space:nowrap">LLC;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9837.76px;left:5823.98px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9837.76px;left:6334.06px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9837.76px;left:7114.85px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9837.76px;left:7748.28px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9837.76px;left:8211.79px;letter-spacing:-0.69px;white-space:nowrap">2021),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9837.76px;left:8707.78px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9837.76px;left:9390.17px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10029.76px;left:4680px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10029.76px;left:5313.43px;letter-spacing:-0.37px;white-space:nowrap">(2017-2021),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10029.76px;left:6279.81px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10029.76px;left:6787px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10029.76px;left:7135.32px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10029.76px;left:7854.83px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10029.76px;left:8043.63px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10029.76px;left:8652.9px;letter-spacing:-0.4px;white-space:nowrap">(2006-2017).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10412.07px;left:0px;letter-spacing:-0.8px;white-space:nowrap">Brett
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10412.07px;left:387.51px;letter-spacing:-1.6px;white-space:nowrap">E.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10412.07px;left:559.03px;white-space:nowrap">Black</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10604.07px;left:0px;white-space:nowrap">1972
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10796.07px;left:0px;white-space:nowrap">333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10796.07px;left:316.47px;letter-spacing:-5.12px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10796.07px;left:536.31px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10796.07px;left:1119.35px;white-space:nowrap">Drive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10988.07px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10988.07px;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:160px;position:absolute;top:10988.07px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10412.07px;left:2160px;letter-spacing:-0.58px;white-space:nowrap">Vice
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10412.07px;left:2508.32px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10604.07px;left:2160px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10604.07px;left:2480.32px;letter-spacing:0.64px;white-space:nowrap">Chief
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10796.07px;left:2160px;letter-spacing:-0.19px;white-space:nowrap">Compliance</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10988.07px;left:2160px;text-rendering:optimizeLegibility;letter-spacing:-0.41px;white-space:nowrap">Officer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10412.07px;left:3882.4px;white-space:nowrap">2022</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10412.07px;left:4680px;white-space:nowrap">Enterprise
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10412.07px;left:5469.27px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10412.07px;left:5979.34px;letter-spacing:-0.17px;white-space:nowrap">Compliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10412.07px;left:6903.49px;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;position:absolute;top:10412.07px;left:7439.97px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10412.07px;left:7628.76px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10412.07px;left:8238.03px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10412.07px;left:8701.55px;white-space:nowrap">2022);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10412.07px;left:9208.74px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10412.07px;left:9888.25px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10604.07px;left:4680px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10604.07px;left:5399.51px;letter-spacing:-0.37px;white-space:nowrap">(2014-2022),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10604.07px;left:6365.89px;letter-spacing:0.64px;white-space:nowrap">Chief
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10604.07px;left:6796.92px;letter-spacing:-0.17px;white-space:nowrap">Compliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10604.07px;left:7721.07px;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;position:absolute;top:10604.07px;left:8257.55px;white-space:nowrap">(2017-2022);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10604.07px;left:9235.12px;white-space:nowrap">Deputy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10604.07px;left:9811.11px;letter-spacing:0.64px;white-space:nowrap">Chief
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10796.07px;left:4680px;letter-spacing:-0.17px;white-space:nowrap">Compliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10796.07px;left:5604.15px;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;position:absolute;top:10796.07px;left:6140.63px;white-space:nowrap">(2014-2017)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10796.07px;left:7070.21px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10796.07px;left:7259px;white-space:nowrap">BMO
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10796.07px;left:7678.52px;letter-spacing:-1.65px;white-space:nowrap">Funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10796.07px;left:8197.39px;letter-spacing:-1.2px;white-space:nowrap">Inc.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11445.03px;left:0px;white-space:nowrap">Mark
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11445.03px;left:404.48px;letter-spacing:-1.6px;white-space:nowrap">J.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11445.03px;left:559.99px;white-space:nowrap">Czarniecki
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11637.03px;left:0px;white-space:nowrap">1979</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11829.03px;left:0px;white-space:nowrap">901
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11829.03px;left:318.39px;letter-spacing:-0.48px;white-space:nowrap">Marquette
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11829.03px;left:1114.54px;letter-spacing:-0.14px;white-space:nowrap">Avenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12021.03px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Minneapolis,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12021.03px;left:971.19px;white-space:nowrap">MN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12021.03px;left:1275.19px;white-space:nowrap">55402</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11445.03px;left:2160px;letter-spacing:-0.58px;white-space:nowrap">Vice
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11445.03px;left:2508.32px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11637.03px;left:2160px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11637.03px;left:2480.32px;letter-spacing:-0.32px;white-space:nowrap">Secretary</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11445.03px;left:3882.4px;white-space:nowrap">2013
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11445.03px;left:4680px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11445.03px;left:5460.79px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11445.03px;left:6094.22px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11445.03px;left:6557.73px;letter-spacing:-0.69px;white-space:nowrap">2022),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11445.03px;left:7053.72px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11445.03px;left:7733.23px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11445.03px;left:8081.55px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11445.03px;left:8801.06px;letter-spacing:-0.37px;white-space:nowrap">(2016-2022),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11445.03px;left:9767.44px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11637.03px;left:4680px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11637.03px;left:5364.95px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11637.03px;left:6084.78px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11637.03px;left:6548.29px;white-space:nowrap">2016)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11637.03px;left:7007.48px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11637.03px;left:7196.27px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11637.03px;left:7805.55px;letter-spacing:-0.4px;white-space:nowrap">Securities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11637.03px;left:8587.93px;letter-spacing:-0.96px;white-space:nowrap">LLC;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11637.03px;left:8949.53px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11637.03px;left:9730.32px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11829.03px;left:4680px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11829.03px;left:5143.51px;letter-spacing:-0.69px;white-space:nowrap">2022),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11829.03px;left:5639.5px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11829.03px;left:6319.01px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11829.03px;left:6667.33px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11829.03px;left:7386.84px;white-space:nowrap">(2017-2022)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11829.03px;left:8316.42px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11829.03px;left:8633.86px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11829.03px;left:9318.8px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11829.03px;left:10038.63px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12021.03px;left:4680px;white-space:nowrap">2017)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12021.03px;left:5139.19px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12021.03px;left:5327.99px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12021.03px;left:5937.26px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12021.03px;left:6345.42px;letter-spacing:-0.48px;white-space:nowrap">Advisors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12021.03px;left:7051.65px;letter-spacing:-0.96px;white-space:nowrap">LLC;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12021.03px;left:7413.24px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12021.03px;left:8194.03px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12021.03px;left:8827.46px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12021.03px;left:9144.9px;letter-spacing:-0.16px;white-space:nowrap">Associate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12021.03px;left:9882.81px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12213.03px;left:4680px;letter-spacing:-0.24px;white-space:nowrap">Counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12213.03px;left:5319.83px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12213.03px;left:5781.43px;letter-spacing:-0.12px;white-space:nowrap">January
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12213.03px;left:6391.66px;letter-spacing:-0.69px;white-space:nowrap">2022),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12213.03px;left:6887.65px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12213.03px;left:7567.16px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12213.03px;left:7915.48px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12213.03px;left:8634.99px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12213.03px;left:8952.42px;letter-spacing:-0.16px;white-space:nowrap">Associate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12213.03px;left:9690.33px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12405.03px;left:4680px;letter-spacing:-0.24px;white-space:nowrap">Counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12405.03px;left:5319.83px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12405.03px;left:5508.63px;white-space:nowrap">Nuveen(2013-2021);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12405.03px;left:7055.48px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12405.03px;left:7836.27px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12405.03px;left:8469.7px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12405.03px;left:8933.21px;letter-spacing:-0.69px;white-space:nowrap">2022),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12405.03px;left:9429.2px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12405.03px;left:10108.71px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12597.03px;left:4680px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12597.03px;left:5399.51px;letter-spacing:-0.37px;white-space:nowrap">(2018-2022),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12597.03px;left:6363.01px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12597.03px;left:7047.95px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12597.03px;left:7767.78px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12597.03px;left:8085.22px;letter-spacing:-0.16px;white-space:nowrap">Associate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12597.03px;left:8823.13px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12597.03px;left:9445.21px;letter-spacing:-0.24px;white-space:nowrap">Counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12597.03px;left:10085.04px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12789.03px;left:4680px;white-space:nowrap">2018)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12789.03px;left:5139.19px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12789.03px;left:5327.99px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12789.03px;left:5934.38px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12789.03px;left:6370.69px;letter-spacing:-0.4px;white-space:nowrap">Management,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12789.03px;left:7422.2px;letter-spacing:-2.4px;white-space:nowrap">LLC.</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">110</div></div> </div>
<div style="height:35.66px;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:561.6px;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:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:0px;white-space:nowrap">Board
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:959.22px;white-space:nowrap">Members
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:2391.35px;white-space:nowrap">&amp;
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:280px;font-weight:bold;position:absolute;top:125.36px;left:2686.25px;text-rendering:optimizeLegibility;white-space:nowrap">Officers</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:176.29px;left:3926.07px;white-space:nowrap">(Unaudited)
 </div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:176.29px;left:5177.32px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12668 characters]);background-repeat:no-repeat;background-size:cover;height:663.29px;left:0px;position:absolute;top:0px;transform:translate(36.000px,85.399px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:532.80px">

 <div style="width:10627.2px;height:13225.88px;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:160px;position:absolute;top:40px;left:0px;letter-spacing:-0.96px;white-space:nowrap">Name,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:0px;letter-spacing:-3.07px;white-space:nowrap">Year
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:355.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:544.31px;letter-spacing:-0.38px;white-space:nowrap">Birth</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:0px;white-space:nowrap">&amp;
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:149.76px;letter-spacing:-0.41px;white-space:nowrap">Address</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:2160px;letter-spacing:-0.96px;white-space:nowrap">Position(s)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:2938.54px;white-space:nowrap">Held</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:2160px;white-space:nowrap">with
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:2503.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:2778.87px;letter-spacing:-1.34px;white-space:nowrap">Funds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:3456px;letter-spacing:-3.07px;white-space:nowrap">Year
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:3811.52px;letter-spacing:-0.58px;white-space:nowrap">First</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:3456px;white-space:nowrap">Elected
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:4046.71px;white-space:nowrap">or</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:3456px;white-space:nowrap">Appointed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:93.3px;position:absolute;top:421.16px;left:4246.07px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:4680px;letter-spacing:-0.77px;white-space:nowrap">Principal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:5343.03px;letter-spacing:-0.12px;white-space:nowrap">Occupation(s)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:4680px;white-space:nowrap">Including
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:5403.83px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:5834.7px;letter-spacing:-0.22px;white-space:nowrap">Directorships</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:4680px;white-space:nowrap">During
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:5225.75px;letter-spacing:-1.92px;white-space:nowrap">Past
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:5556.15px;white-space:nowrap">5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:5685.1px;letter-spacing:-2.56px;white-space:nowrap">Years
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:0px;white-space:nowrap">Diana
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:464.96px;letter-spacing:-1.6px;white-space:nowrap">R.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:637.6px;white-space:nowrap">Gonzalez
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:0px;white-space:nowrap">1978</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:0px;white-space:nowrap">8500
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:408.31px;letter-spacing:-0.41px;white-space:nowrap">Andrew
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:1020.79px;letter-spacing:-0.32px;white-space:nowrap">Carnegie
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:1733.26px;letter-spacing:-0.07px;white-space:nowrap">Blvd.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:0px;letter-spacing:-0.61px;white-space:nowrap">Charlotte,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:757.43px;white-space:nowrap">NC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:1034.86px;white-space:nowrap">28262</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:2160px;letter-spacing:-0.58px;white-space:nowrap">Vice
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:2508.32px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:2160px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:2477.44px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:2160px;letter-spacing:-0.32px;white-space:nowrap">Secretary</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:3882.4px;white-space:nowrap">2017
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:4680px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:5028.32px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:5747.83px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:6065.27px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:6750.21px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:7470.04px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:7658.84px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:8268.11px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:8676.27px;letter-spacing:-0.48px;white-space:nowrap">Advisors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:9382.5px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:9696.09px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:10159.61px;white-space:nowrap">2017);</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:4680px;letter-spacing:-0.58px;white-space:nowrap">Vice
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:5028.32px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:5747.83px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:6065.27px;letter-spacing:-0.16px;white-space:nowrap">Associate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:6803.18px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:7425.25px;letter-spacing:-0.24px;white-space:nowrap">Counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:8065.08px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:8382.52px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:9067.47px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:9787.29px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:9976.09px;white-space:nowrap">Nuveen</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:4680px;white-space:nowrap">Asset
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:5116.31px;letter-spacing:-0.4px;white-space:nowrap">Management,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:6167.82px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:6481.41px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:6944.93px;white-space:nowrap">2022);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:7449.24px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:7797.55px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:8517.06px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:8834.5px;letter-spacing:-0.16px;white-space:nowrap">Associate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:9572.41px;letter-spacing:-0.27px;white-space:nowrap">General</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:4680px;letter-spacing:-0.24px;white-space:nowrap">Counsel
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:5319.83px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:5508.63px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:6117.9px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:6581.41px;white-space:nowrap">2017);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:7088.6px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:7768.11px;letter-spacing:-0.16px;white-space:nowrap">Associate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:8506.02px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:9128.1px;letter-spacing:-0.24px;white-space:nowrap">Counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:9767.93px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:9954.8px;letter-spacing:-0.27px;white-space:nowrap">Jackson</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:4680px;letter-spacing:-0.18px;white-space:nowrap">National
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:5330.4px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:5766.71px;white-space:nowrap">Management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:6781.41px;letter-spacing:-0.4px;white-space:nowrap">(2012-2017).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:0px;letter-spacing:-0.16px;white-space:nowrap">Nathaniel
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:736.47px;letter-spacing:-5.76px;white-space:nowrap">T.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:890.08px;white-space:nowrap">Jones
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:0px;white-space:nowrap">1979</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:0px;white-space:nowrap">333
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:316.47px;letter-spacing:-5.12px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:536.31px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:1119.35px;white-space:nowrap">Drive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2297.92px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2297.92px;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:160px;position:absolute;top:2297.92px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:2160px;letter-spacing:-0.58px;white-space:nowrap">Vice
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:2508.32px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:2160px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:2476.48px;letter-spacing:-2.35px;white-space:nowrap">Treasurer</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:3882.4px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:4680px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:5190.07px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:5970.86px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:6604.29px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:7067.81px;letter-spacing:-0.69px;white-space:nowrap">2021),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:7563.8px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:8246.19px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:9026.98px;letter-spacing:-0.36px;white-space:nowrap">Director</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:4680px;letter-spacing:-0.37px;white-space:nowrap">(2017-2021),
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:5646.38px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:6153.57px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:6501.89px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:7221.4px;white-space:nowrap">(2016-2017)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:8150.98px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:8339.77px;white-space:nowrap">Nuveen;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:8997.04px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:9777.83px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:4680px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:5143.51px;white-space:nowrap">2015)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:5602.7px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:5791.5px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:6400.77px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:6808.93px;letter-spacing:-0.48px;white-space:nowrap">Advisors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:7515.16px;letter-spacing:-0.96px;white-space:nowrap">LLC;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:7876.75px;letter-spacing:-0.48px;white-space:nowrap">Chartered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:8656.74px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:9338.02px;letter-spacing:-0.6px;white-space:nowrap">Analyst.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2562.88px;left:0px;letter-spacing:-0.38px;white-space:nowrap">Tina
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2562.88px;left:347.68px;letter-spacing:-1.6px;white-space:nowrap">M.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2562.88px;left:566.24px;white-space:nowrap">Lazar</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2754.88px;left:0px;white-space:nowrap">1961
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2946.88px;left:0px;white-space:nowrap">333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2946.88px;left:316.47px;letter-spacing:-5.12px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2946.88px;left:536.31px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2946.88px;left:1119.35px;white-space:nowrap">Drive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;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:160px;position:absolute;top:3138.88px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2562.88px;left:2160px;letter-spacing:-0.58px;white-space:nowrap">Vice
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2562.88px;left:2508.32px;letter-spacing:-1.17px;white-space:nowrap">President</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2562.88px;left:3882.4px;white-space:nowrap">2002
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2562.88px;left:4680px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2562.88px;left:5460.79px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2562.88px;left:6094.22px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2562.88px;left:6557.73px;letter-spacing:-0.69px;white-space:nowrap">2017),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2562.88px;left:7053.72px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2562.88px;left:7736.11px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2562.88px;left:8243.31px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2562.88px;left:8591.63px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2562.88px;left:9311.14px;white-space:nowrap">(2014-2017)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2562.88px;left:10240.71px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2754.88px;left:4680px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2754.88px;left:5289.27px;letter-spacing:-0.4px;white-space:nowrap">Securities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2754.88px;left:6071.66px;letter-spacing:-2.4px;white-space:nowrap">LLC.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3403.84px;left:0px;white-space:nowrap">Brian
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3403.84px;left:415.83px;letter-spacing:-1.6px;white-space:nowrap">J.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3403.84px;left:571.35px;letter-spacing:-0.6px;white-space:nowrap">Lockhart</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3595.84px;left:0px;white-space:nowrap">1974
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3787.84px;left:0px;white-space:nowrap">333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3787.84px;left:316.47px;letter-spacing:-5.12px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3787.84px;left:536.31px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3787.84px;left:1119.35px;white-space:nowrap">Drive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3979.84px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3979.84px;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:160px;position:absolute;top:3979.84px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3403.84px;left:2160px;letter-spacing:-0.58px;white-space:nowrap">Vice
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3403.84px;left:2508.32px;letter-spacing:-1.17px;white-space:nowrap">President</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3403.84px;left:3882.4px;white-space:nowrap">2019
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3403.84px;left:4680px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3403.84px;left:5460.79px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3403.84px;left:6094.22px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3403.84px;left:6557.73px;white-space:nowrap">2019)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3403.84px;left:7016.92px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3403.84px;left:7205.72px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3403.84px;left:7814.99px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3403.84px;left:8223.15px;letter-spacing:-0.48px;white-space:nowrap">Advisors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3403.84px;left:8929.38px;letter-spacing:-0.96px;white-space:nowrap">LLC;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3403.84px;left:9290.97px;white-space:nowrap">Senior</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3595.84px;left:4680px;white-space:nowrap">Managing
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3595.84px;left:5460.79px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3595.84px;left:6094.22px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3595.84px;left:6557.73px;letter-spacing:-0.69px;white-space:nowrap">2021),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3595.84px;left:7053.72px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3595.84px;left:7736.11px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3595.84px;left:8516.9px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3595.84px;left:9150.33px;letter-spacing:-0.37px;white-space:nowrap">(2017-2021),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3595.84px;left:10113.83px;letter-spacing:-0.72px;white-space:nowrap">Vice</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3787.84px;left:4680px;letter-spacing:-1.06px;white-space:nowrap">President
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3787.84px;left:5399.51px;white-space:nowrap">(2010-2017)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3787.84px;left:6329.09px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3787.84px;left:6517.88px;white-space:nowrap">Nuveen;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3787.84px;left:7175.15px;letter-spacing:-0.19px;white-space:nowrap">Head
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3787.84px;left:7607.95px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3787.84px;left:7796.75px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3787.84px;left:8639.13px;white-space:nowrap">Oversight
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3787.84px;left:9398.48px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3787.84px;left:9861.99px;letter-spacing:-0.8px;white-space:nowrap">2017),</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3979.84px;left:4680px;letter-spacing:-1.06px;white-space:nowrap">formerly,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3979.84px;left:5358.55px;letter-spacing:-3.26px;white-space:nowrap">Team
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3979.84px;left:5791.67px;letter-spacing:-0.55px;white-space:nowrap">Leader
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3979.84px;left:6337.42px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3979.84px;left:6526.22px;white-space:nowrap">Manager
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3979.84px;left:7222.05px;white-space:nowrap">Oversight
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3979.84px;left:7981.4px;white-space:nowrap">(2015-2017);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3979.84px;left:8958.97px;letter-spacing:-0.48px;white-space:nowrap">Chartered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3979.84px;left:9738.96px;letter-spacing:-0.32px;white-space:nowrap">Financial</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:4680px;white-space:nowrap">Analyst
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:5250.55px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:5570.87px;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:160px;position:absolute;top:4171.84px;left:6242.54px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:6926.7px;white-space:nowrap">Risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:7255.17px;letter-spacing:-1.56px;white-space:nowrap">Manager.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4436.8px;left:0px;white-space:nowrap">John
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4436.8px;left:402.71px;letter-spacing:-1.6px;white-space:nowrap">M.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4436.8px;left:621.27px;letter-spacing:-0.41px;white-space:nowrap">McCann
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4628.8px;left:0px;white-space:nowrap">1975</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4820.8px;left:0px;white-space:nowrap">8500
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4820.8px;left:408.31px;letter-spacing:-0.41px;white-space:nowrap">Andrew
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4820.8px;left:1020.79px;letter-spacing:-0.32px;white-space:nowrap">Carnegie
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4820.8px;left:1733.26px;letter-spacing:-0.07px;white-space:nowrap">Blvd.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5012.8px;left:0px;letter-spacing:-0.61px;white-space:nowrap">Charlotte,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5012.8px;left:757.43px;white-space:nowrap">NC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5012.8px;left:1034.86px;white-space:nowrap">28262</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4436.8px;left:2160px;letter-spacing:-0.58px;white-space:nowrap">Vice
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4436.8px;left:2508.32px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4436.8px;left:3882.4px;white-space:nowrap">2022</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4436.8px;left:4680px;white-space:nowrap">Managing
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4436.8px;left:5460.79px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4436.8px;left:6094.22px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4436.8px;left:6411.66px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4436.8px;left:7096.61px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4436.8px;left:7816.44px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4436.8px;left:8005.23px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4436.8px;left:8614.5px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4436.8px;left:9022.66px;letter-spacing:-0.48px;white-space:nowrap">Advisors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4436.8px;left:9728.89px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4436.8px;left:10042.49px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4628.8px;left:4680px;white-space:nowrap">2021);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4628.8px;left:5187.19px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4628.8px;left:5967.98px;letter-spacing:-1.54px;white-space:nowrap">Director,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4628.8px;left:6627.65px;letter-spacing:-0.16px;white-space:nowrap">Associate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4628.8px;left:7365.56px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4628.8px;left:7987.63px;letter-spacing:-0.24px;white-space:nowrap">Counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4628.8px;left:8627.47px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4628.8px;left:8944.9px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4628.8px;left:9629.85px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4628.8px;left:10349.68px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4820.8px;left:4680px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4820.8px;left:5286.39px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4820.8px;left:5722.71px;letter-spacing:-0.4px;white-space:nowrap">Management,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4820.8px;left:6774.21px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4820.8px;left:7087.81px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4820.8px;left:7551.32px;white-space:nowrap">2021);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4820.8px;left:8058.51px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4820.8px;left:8839.3px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4820.8px;left:9472.73px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4820.8px;left:9936.24px;white-space:nowrap">2021)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5012.8px;left:4680px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5012.8px;left:4997.44px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5012.8px;left:5682.39px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5012.8px;left:6402.21px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5012.8px;left:6865.73px;white-space:nowrap">2016)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5012.8px;left:7324.92px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5012.8px;left:7509.88px;letter-spacing:-0.58px;white-space:nowrap">TIAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5012.8px;left:7903.79px;letter-spacing:-0.72px;white-space:nowrap">SMA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5012.8px;left:8284.91px;letter-spacing:-0.41px;white-space:nowrap">Strategies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5012.8px;left:9050.34px;letter-spacing:-0.96px;white-space:nowrap">LLC;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5012.8px;left:9411.93px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5204.8px;left:4680px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5204.8px;left:5313.43px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5204.8px;left:5776.94px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5204.8px;left:6224.93px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5204.8px;left:6904.45px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5204.8px;left:7252.76px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5204.8px;left:7972.27px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5204.8px;left:8292.59px;letter-spacing:-0.7px;white-space:nowrap">Director),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5204.8px;left:9007.94px;letter-spacing:-0.16px;white-space:nowrap">Associate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5204.8px;left:9745.85px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5396.8px;left:4680px;letter-spacing:-0.24px;white-space:nowrap">Counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5396.8px;left:5319.83px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5396.8px;left:5637.27px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5396.8px;left:6322.22px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5396.8px;left:7042.05px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5396.8px;left:7230.84px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5396.8px;left:7846.67px;letter-spacing:-0.44px;white-space:nowrap">Retirement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5396.8px;left:8685.54px;white-space:nowrap">Equities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5396.8px;left:9308.1px;letter-spacing:-1.92px;white-space:nowrap">Fund,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5396.8px;left:9752.09px;letter-spacing:-0.58px;white-space:nowrap">TIAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5588.8px;left:4680px;letter-spacing:-0.39px;white-space:nowrap">Separate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5588.8px;left:5367.67px;white-space:nowrap">Account
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5588.8px;left:6011.19px;letter-spacing:-1.6px;white-space:nowrap">VA-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5588.8px;left:6435.02px;white-space:nowrap">TIAA-CREF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5588.8px;left:7278.7px;letter-spacing:-1.12px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5588.8px;left:7760.77px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5588.8px;left:8077.25px;white-space:nowrap">TIAA-CREF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5588.8px;left:8920.92px;white-space:nowrap">Life
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5588.8px;left:9221.24px;letter-spacing:-0.96px;white-space:nowrap">Funds;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5588.8px;left:9751.31px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5780.8px;left:4680px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5780.8px;left:5313.43px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5780.8px;left:5776.94px;letter-spacing:-0.69px;white-space:nowrap">2018),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5780.8px;left:6272.93px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5780.8px;left:6952.44px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5780.8px;left:7300.76px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5780.8px;left:8020.27px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5780.8px;left:8340.59px;letter-spacing:-1.54px;white-space:nowrap">Director,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5780.8px;left:9000.26px;letter-spacing:-0.16px;white-space:nowrap">Associate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5780.8px;left:9738.17px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5972.8px;left:4680px;letter-spacing:-0.24px;white-space:nowrap">Counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5972.8px;left:5319.83px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5972.8px;left:5637.27px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5972.8px;left:6322.22px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5972.8px;left:7042.05px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5972.8px;left:7227px;letter-spacing:-1.81px;white-space:nowrap">Teachers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5972.8px;left:7912.28px;letter-spacing:-0.19px;white-space:nowrap">Insurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5972.8px;left:8656.43px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5972.8px;left:8973.86px;white-space:nowrap">Annuity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5972.8px;left:9570.66px;letter-spacing:-0.13px;white-space:nowrap">Association
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6164.8px;left:4680px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6164.8px;left:4865.92px;letter-spacing:-0.53px;white-space:nowrap">America,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6164.8px;left:5546.71px;letter-spacing:-2.04px;white-space:nowrap">Teacher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6164.8px;left:6158.07px;white-space:nowrap">Advisors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6164.8px;left:6827.5px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6164.8px;left:7141.09px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6164.8px;left:7457.57px;white-space:nowrap">TIAA-CREF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6164.8px;left:8301.25px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6164.8px;left:9143.63px;letter-spacing:-0.4px;white-space:nowrap">Management,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6164.8px;left:10195.14px;letter-spacing:-0.96px;white-space:nowrap">LLC;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6356.8px;left:4680px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6356.8px;left:5028.32px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6356.8px;left:5747.83px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6356.8px;left:6211.34px;letter-spacing:-0.69px;white-space:nowrap">2017),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6356.8px;left:6704.45px;letter-spacing:-0.16px;white-space:nowrap">Associate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6356.8px;left:7442.36px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6356.8px;left:8064.43px;letter-spacing:-0.24px;white-space:nowrap">Counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6356.8px;left:8704.27px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6356.8px;left:9021.7px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6356.8px;left:9706.65px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6548.8px;left:4680px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6548.8px;left:5143.51px;white-space:nowrap">2011)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6548.8px;left:5602.7px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6548.8px;left:5791.5px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6548.8px;left:6397.89px;letter-spacing:-0.13px;white-space:nowrap">Alternative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6548.8px;left:7224.28px;white-space:nowrap">Advisors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6548.8px;left:7893.71px;letter-spacing:-0.96px;white-space:nowrap">LLC;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6548.8px;left:8255.31px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6548.8px;left:8877.38px;letter-spacing:-0.24px;white-space:nowrap">Counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6548.8px;left:9517.21px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6548.8px;left:9834.65px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6740.8px;left:4680px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6740.8px;left:5399.83px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6740.8px;left:5588.63px;letter-spacing:-0.17px;white-space:nowrap">Covariance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6740.8px;left:6450.7px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6740.8px;left:7006.53px;letter-spacing:-0.4px;white-space:nowrap">Management,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6740.8px;left:8058.04px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6740.8px;left:8349.39px;letter-spacing:-0.4px;white-space:nowrap">(2014-2017).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7005.76px;left:0px;letter-spacing:-0.8px;white-space:nowrap">Kevin
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7005.76px;left:436.32px;letter-spacing:-1.6px;white-space:nowrap">J.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7005.76px;left:591.83px;letter-spacing:-0.6px;white-space:nowrap">McCarthy</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7197.76px;left:0px;white-space:nowrap">1966
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7389.76px;left:0px;white-space:nowrap">333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7389.76px;left:316.47px;letter-spacing:-5.12px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7389.76px;left:536.31px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7389.76px;left:1119.35px;white-space:nowrap">Drive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7581.76px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7581.76px;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:160px;position:absolute;top:7581.76px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7005.76px;left:2160px;letter-spacing:-0.58px;white-space:nowrap">Vice
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7005.76px;left:2508.32px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7197.76px;left:2160px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7197.76px;left:2477.44px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7389.76px;left:2160px;letter-spacing:-0.32px;white-space:nowrap">Secretary</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7005.76px;left:3882.4px;white-space:nowrap">2007
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7005.76px;left:4680px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7005.76px;left:5190.07px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7005.76px;left:5970.86px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7005.76px;left:6604.29px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7005.76px;left:7067.81px;white-space:nowrap">2017)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7005.76px;left:7527px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7005.76px;left:7847.31px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7005.76px;left:8567.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7005.76px;left:8887.46px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7005.76px;left:9509.53px;letter-spacing:-0.24px;white-space:nowrap">Counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7005.76px;left:10149.37px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7197.76px;left:4680px;white-space:nowrap">2016)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7197.76px;left:5139.19px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7197.76px;left:5327.99px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7197.76px;left:5937.26px;letter-spacing:-0.37px;white-space:nowrap">Investments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7197.76px;left:6887.48px;letter-spacing:-0.8px;white-space:nowrap">Inc.,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7197.76px;left:7220.44px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7197.76px;left:7902.83px;letter-spacing:-0.1px;white-space:nowrap">Executive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7197.76px;left:8635.94px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7197.76px;left:8984.26px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7197.76px;left:9703.77px;white-space:nowrap">(2016-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7389.76px;left:4680px;letter-spacing:-0.69px;white-space:nowrap">2017),
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7389.76px;left:5175.99px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7389.76px;left:5956.78px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7389.76px;left:6590.21px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7389.76px;left:6907.65px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7389.76px;left:7592.6px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7389.76px;left:8312.42px;white-space:nowrap">(2008-2016);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7389.76px;left:9290px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7389.76px;left:9800.07px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7581.76px;left:4680px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7581.76px;left:5313.43px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7581.76px;left:5776.94px;white-space:nowrap">2017)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7581.76px;left:6236.13px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7581.76px;left:6553.57px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7581.76px;left:7238.52px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7581.76px;left:7958.35px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7581.76px;left:8421.86px;white-space:nowrap">2008)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7581.76px;left:8881.05px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7581.76px;left:9069.85px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7581.76px;left:9679.12px;letter-spacing:-0.4px;white-space:nowrap">Securities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7773.76px;left:4680px;letter-spacing:-1.92px;white-space:nowrap">LLC,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7773.76px;left:5030.4px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7773.76px;left:5712.79px;letter-spacing:-0.1px;white-space:nowrap">Executive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7773.76px;left:6445.9px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7773.76px;left:6794.22px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7773.76px;left:7513.73px;white-space:nowrap">(2016-2017)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7773.76px;left:8443.3px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7773.76px;left:8763.62px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7773.76px;left:9544.41px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7965.76px;left:4680px;white-space:nowrap">(2008-2016);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7965.76px;left:5657.58px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7965.76px;left:6167.65px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7965.76px;left:6948.44px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7965.76px;left:7581.87px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7965.76px;left:8045.38px;white-space:nowrap">2017)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7965.76px;left:8504.57px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7965.76px;left:8824.89px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7965.76px;left:9544.72px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7965.76px;left:10008.23px;white-space:nowrap">2016)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:7965.76px;left:10467.42px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8157.76px;left:4680px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8157.76px;left:5289.27px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8157.76px;left:5697.43px;letter-spacing:-0.48px;white-space:nowrap">Advisors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8157.76px;left:6403.66px;letter-spacing:-1.92px;white-space:nowrap">LLC,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8157.76px;left:6754.06px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8157.76px;left:7436.45px;letter-spacing:-0.35px;white-space:nowrap">Co-General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8157.76px;left:8320.75px;letter-spacing:-0.24px;white-space:nowrap">Counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8157.76px;left:8960.59px;letter-spacing:-0.37px;white-space:nowrap">(2011-2020),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8157.76px;left:9926.96px;letter-spacing:-0.1px;white-space:nowrap">Executive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8349.76px;left:4680px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8349.76px;left:5028.32px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8349.76px;left:5747.83px;letter-spacing:-0.37px;white-space:nowrap">(2016-2017),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8349.76px;left:6714.2px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8349.76px;left:7495px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8349.76px;left:8128.43px;white-space:nowrap">(2008-2016)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8349.76px;left:9058px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8349.76px;left:9375.44px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.76px;left:4680px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.76px;left:5399.83px;white-space:nowrap">(2007-2016);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.76px;left:6377.4px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.76px;left:6887.48px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.76px;left:7668.27px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.76px;left:8301.7px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.76px;left:8765.21px;white-space:nowrap">2017)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.76px;left:9224.4px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8541.76px;left:9544.72px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.76px;left:4680px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.76px;left:5143.51px;white-space:nowrap">2016)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.76px;left:5602.7px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.76px;left:5791.5px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.76px;left:6397.89px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.76px;left:6834.2px;letter-spacing:-0.4px;white-space:nowrap">Management,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.76px;left:7885.71px;letter-spacing:-1.92px;white-space:nowrap">LLC,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.76px;left:8236.11px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.76px;left:8915.62px;letter-spacing:-0.16px;white-space:nowrap">Associate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8733.76px;left:9653.53px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8925.76px;left:4680px;letter-spacing:-0.24px;white-space:nowrap">Counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8925.76px;left:5319.83px;letter-spacing:-0.37px;white-space:nowrap">(2011-2020),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8925.76px;left:6286.21px;letter-spacing:-0.1px;white-space:nowrap">Executive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8925.76px;left:7019.32px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8925.76px;left:7367.64px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8925.76px;left:8087.15px;white-space:nowrap">(2016-2017)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:8925.76px;left:9016.73px;white-space:nowrap">and&#160;&#160;Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.76px;left:4680px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.76px;left:5313.43px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.76px;left:5630.87px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.76px;left:6315.82px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.76px;left:7035.64px;white-space:nowrap">(2011-2016);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.76px;left:8013.22px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.76px;left:8692.73px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.76px;left:9041.05px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9117.76px;left:9760.56px;white-space:nowrap">(2007-2021)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.76px;left:4680px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.76px;left:5000.32px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.76px;left:5720.15px;white-space:nowrap">(2016-2021)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.76px;left:6649.72px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.76px;left:6838.52px;white-space:nowrap">NWQ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.76px;left:7291.15px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.76px;left:8133.54px;white-space:nowrap">Management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.76px;left:9148.25px;letter-spacing:-1.39px;white-space:nowrap">Company,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.76px;left:9929.68px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9309.76px;left:10243.28px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.76px;left:4680px;white-space:nowrap">Santa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.76px;left:5124.79px;letter-spacing:-0.24px;white-space:nowrap">Barbara
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.76px;left:5735.19px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.76px;left:6171.5px;letter-spacing:-0.4px;white-space:nowrap">Management,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.76px;left:7223.01px;letter-spacing:-0.96px;white-space:nowrap">LLC;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.76px;left:7581.72px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.76px;left:7930.04px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.76px;left:8649.55px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.76px;left:8969.87px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.76px;left:9689.69px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9501.76px;left:9876.57px;white-space:nowrap">Winslow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9693.76px;left:4680px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9693.76px;left:5235.83px;letter-spacing:-0.4px;white-space:nowrap">Management,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9693.76px;left:6287.34px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9693.76px;left:6600.94px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9693.76px;left:7064.45px;white-space:nowrap">2010);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9693.76px;left:7571.64px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9693.76px;left:8081.71px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9693.76px;left:8862.5px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9693.76px;left:9495.93px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9693.76px;left:9959.45px;white-space:nowrap">2017)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9885.76px;left:4680px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9885.76px;left:5000.32px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9885.76px;left:5720.15px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9885.76px;left:6183.66px;white-space:nowrap">2016)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9885.76px;left:6642.85px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9885.76px;left:6831.65px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9885.76px;left:7438.04px;letter-spacing:-0.13px;white-space:nowrap">Alternative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9885.76px;left:8267.31px;letter-spacing:-0.37px;white-space:nowrap">Investments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:9885.76px;left:9217.53px;letter-spacing:-2.4px;white-space:nowrap">LLC.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10150.72px;left:0px;white-space:nowrap">Jon
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10150.72px;left:309.44px;letter-spacing:-0.32px;white-space:nowrap">Scott
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10150.72px;left:716.95px;white-space:nowrap">Meissner</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10342.72px;left:0px;white-space:nowrap">1973
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10534.72px;left:0px;white-space:nowrap">8500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10534.72px;left:408.31px;letter-spacing:-0.41px;white-space:nowrap">Andrew
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10534.72px;left:1020.79px;letter-spacing:-0.32px;white-space:nowrap">Carnegie
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10534.72px;left:1733.26px;letter-spacing:-0.07px;white-space:nowrap">Blvd.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10726.72px;left:0px;letter-spacing:-0.61px;white-space:nowrap">Charlotte,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10726.72px;left:757.43px;white-space:nowrap">NC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10726.72px;left:1034.86px;white-space:nowrap">28262</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10150.72px;left:2160px;letter-spacing:-0.58px;white-space:nowrap">Vice
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10150.72px;left:2508.32px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10342.72px;left:2160px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10342.72px;left:2477.44px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10534.72px;left:2160px;letter-spacing:-0.32px;white-space:nowrap">Secretary</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10150.72px;left:3882.4px;white-space:nowrap">2019
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10150.72px;left:4680px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10150.72px;left:5460.79px;letter-spacing:-1.54px;white-space:nowrap">Director,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10150.72px;left:6123.34px;white-space:nowrap">Mutual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10150.72px;left:6667.5px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10150.72px;left:7074.69px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10150.72px;left:7353.41px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10150.72px;left:7673.73px;white-space:nowrap">Expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10150.72px;left:8331.64px;letter-spacing:-0.23px;white-space:nowrap">Administration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10150.72px;left:9442.51px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10150.72px;left:9906.02px;letter-spacing:-0.69px;white-space:nowrap">2022),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10342.72px;left:4680px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10342.72px;left:5362.39px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10342.72px;left:6143.18px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10342.72px;left:6776.61px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10342.72px;left:6965.41px;white-space:nowrap">Mutual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10342.72px;left:7509.56px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10342.72px;left:7916.76px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10342.72px;left:8195.48px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10342.72px;left:8515.8px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10342.72px;left:9199.95px;letter-spacing:-0.38px;white-space:nowrap">Reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10342.72px;left:9965.22px;letter-spacing:-0.41px;white-space:nowrap">groups
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10534.72px;left:4680px;letter-spacing:-0.37px;white-space:nowrap">(2017-2022),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10534.72px;left:5646.38px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10534.72px;left:5820.94px;white-space:nowrap">Nuveen;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10534.72px;left:6478.21px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10534.72px;left:7259px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10534.72px;left:7892.43px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10534.72px;left:8081.22px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10534.72px;left:8690.5px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10534.72px;left:9098.65px;letter-spacing:-0.48px;white-space:nowrap">Advisors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10534.72px;left:9804.88px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10534.72px;left:10118.48px;white-space:nowrap">(since</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10726.72px;left:4680px;white-space:nowrap">2019);
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10726.72px;left:5187.19px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10726.72px;left:5967.98px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10726.72px;left:6601.41px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10726.72px;left:7064.92px;letter-spacing:-0.69px;white-space:nowrap">2021),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10726.72px;left:7560.91px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10726.72px;left:8243.3px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10726.72px;left:8753.37px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10726.72px;left:9386.8px;letter-spacing:-0.37px;white-space:nowrap">(2016-2021),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10726.72px;left:10353.18px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10918.72px;left:4680px;letter-spacing:-1.81px;white-space:nowrap">Teachers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10918.72px;left:5362.39px;letter-spacing:-0.48px;white-space:nowrap">Advisors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10918.72px;left:6068.62px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10918.72px;left:6382.22px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10918.72px;left:6698.7px;white-space:nowrap">TIAA-CREF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10918.72px;left:7542.37px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10918.72px;left:8384.75px;letter-spacing:-0.4px;white-space:nowrap">Management,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10918.72px;left:9436.26px;letter-spacing:-0.96px;white-space:nowrap">LLC;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:10918.72px;left:9797.85px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11110.72px;left:4680px;letter-spacing:-1.54px;white-space:nowrap">Director,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11110.72px;left:5342.55px;white-space:nowrap">Mutual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11110.72px;left:5886.7px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11110.72px;left:6293.9px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11110.72px;left:6572.62px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11110.72px;left:6892.94px;white-space:nowrap">Expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11110.72px;left:7550.85px;letter-spacing:-0.23px;white-space:nowrap">Administration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11110.72px;left:8661.72px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11110.72px;left:9125.23px;letter-spacing:-0.69px;white-space:nowrap">2022),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11110.72px;left:9621.22px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11302.72px;left:4680px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11302.72px;left:5190.07px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11302.72px;left:5823.5px;white-space:nowrap">Mutual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11302.72px;left:6367.66px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11302.72px;left:6774.86px;letter-spacing:-1.88px;white-space:nowrap">Taxation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11302.72px;left:7418.85px;letter-spacing:-0.37px;white-space:nowrap">(2015-2022),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11302.72px;left:8385.23px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11302.72px;left:8573.7px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11302.72px;left:8845.38px;white-space:nowrap">TIAA-CREF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11302.72px;left:9689.05px;letter-spacing:-1.65px;white-space:nowrap">Funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11302.72px;left:10207.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11494.72px;left:4680px;white-space:nowrap">TIAA-CREF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11494.72px;left:5523.67px;white-space:nowrap">Life
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11494.72px;left:5823.99px;letter-spacing:-1.65px;white-space:nowrap">Funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11494.72px;left:6342.86px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11494.72px;left:6614.54px;letter-spacing:-0.58px;white-space:nowrap">TIAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11494.72px;left:7008.46px;letter-spacing:-0.39px;white-space:nowrap">Separate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11494.72px;left:7696.13px;white-space:nowrap">Account
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11494.72px;left:8339.65px;letter-spacing:-0.96px;white-space:nowrap">VA-1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11494.72px;left:8730.52px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11494.72px;left:9050.84px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11494.72px;left:9326.35px;white-space:nowrap">CREF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11494.72px;left:9759.15px;white-space:nowrap">Accounts;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11686.72px;left:4680px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11686.72px;left:4969.76px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11686.72px;left:5336.79px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11686.72px;left:5899.66px;white-space:nowrap">positions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11686.72px;left:6602.53px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11686.72px;left:6942.05px;letter-spacing:-0.58px;white-space:nowrap">TIAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11686.72px;left:7335.97px;white-space:nowrap">since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11686.72px;left:7751.48px;letter-spacing:-0.96px;white-space:nowrap">2004.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11951.67px;left:0px;white-space:nowrap">William
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11951.67px;left:580px;letter-spacing:-1.6px;white-space:nowrap">A.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11951.67px;left:768.8px;letter-spacing:-0.29px;white-space:nowrap">Siffermann</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12143.67px;left:0px;white-space:nowrap">1975
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12335.67px;left:0px;white-space:nowrap">333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12335.67px;left:316.47px;letter-spacing:-5.12px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12335.67px;left:536.31px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12335.67px;left:1119.35px;white-space:nowrap">Drive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12527.67px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12527.67px;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:160px;position:absolute;top:12527.67px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11951.67px;left:2160px;letter-spacing:-0.58px;white-space:nowrap">Vice
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11951.67px;left:2508.32px;letter-spacing:-1.17px;white-space:nowrap">President</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11951.67px;left:3882.4px;white-space:nowrap">2017
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11951.67px;left:4680px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11951.67px;left:5460.79px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11951.67px;left:6094.22px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11951.67px;left:6557.73px;letter-spacing:-0.69px;white-space:nowrap">2017),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11951.67px;left:7053.72px;white-space:nowrap">formerly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11951.67px;left:7705.07px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11951.67px;left:8212.27px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11951.67px;left:8560.59px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11951.67px;left:9280.1px;white-space:nowrap">(2016-2017)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:11951.67px;left:10209.67px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:12143.67px;left:4680px;letter-spacing:-0.69px;white-space:nowrap">Nuveen.</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:10378.56px;white-space:nowrap">111</div></div> </div>
<div style="background-image:url(data:image/png;base64,[encoded data, 12340 characters]);background-repeat:no-repeat;background-size:cover;height:663.29px;left:0px;position:absolute;top:0px;transform:translate(36.000px,85.399px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:532.80px">

 <div style="width:10627.2px;height:13225.88px;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:160px;position:absolute;top:40px;left:0px;letter-spacing:-0.96px;white-space:nowrap">Name,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:0px;letter-spacing:-3.07px;white-space:nowrap">Year
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:355.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:544.31px;letter-spacing:-0.38px;white-space:nowrap">Birth</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:0px;white-space:nowrap">&amp;
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:149.76px;letter-spacing:-0.41px;white-space:nowrap">Address</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:2160px;letter-spacing:-0.96px;white-space:nowrap">Position(s)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:2938.54px;white-space:nowrap">Held</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:2160px;white-space:nowrap">with
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:2503.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:2778.87px;letter-spacing:-1.34px;white-space:nowrap">Funds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:3456px;letter-spacing:-3.07px;white-space:nowrap">Year
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:3811.52px;letter-spacing:-0.58px;white-space:nowrap">First</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:3456px;white-space:nowrap">Elected
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:4046.71px;white-space:nowrap">or</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:3456px;white-space:nowrap">Appointed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:93.3px;position:absolute;top:421.16px;left:4246.07px;white-space:nowrap">(2)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:4680px;letter-spacing:-0.77px;white-space:nowrap">Principal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:40px;left:5343.03px;letter-spacing:-0.12px;white-space:nowrap">Occupation(s)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:4680px;white-space:nowrap">Including
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:5403.83px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:232px;left:5834.7px;letter-spacing:-0.22px;white-space:nowrap">Directorships</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:4680px;white-space:nowrap">During
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:5225.75px;letter-spacing:-1.92px;white-space:nowrap">Past
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:5556.15px;white-space:nowrap">5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:424px;left:5685.1px;letter-spacing:-2.56px;white-space:nowrap">Years
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:0px;letter-spacing:-3.46px;white-space:nowrap">Trey
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:341.12px;letter-spacing:-1.6px;white-space:nowrap">S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:508.15px;letter-spacing:-0.11px;white-space:nowrap">Stenersen</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:0px;white-space:nowrap">1965
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:0px;white-space:nowrap">8500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:408.31px;letter-spacing:-0.41px;white-space:nowrap">Andrew
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:1020.79px;letter-spacing:-0.32px;white-space:nowrap">Carnegie
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:1733.26px;letter-spacing:-0.07px;white-space:nowrap">Blvd.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:0px;letter-spacing:-0.61px;white-space:nowrap">Charlotte,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:757.43px;white-space:nowrap">NC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:1034.86px;white-space:nowrap">28262</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:2160px;letter-spacing:-0.58px;white-space:nowrap">Vice
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:2508.32px;letter-spacing:-1.17px;white-space:nowrap">President</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:3882.4px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:4680px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:5190.07px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:5970.86px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:6604.29px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:6789.25px;letter-spacing:-2.04px;white-space:nowrap">Teacher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:7400.61px;white-space:nowrap">Advisors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:8070.04px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:8383.63px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:8700.11px;white-space:nowrap">TIAA-CREF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:688.96px;left:9543.78px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:4680px;letter-spacing:-0.4px;white-space:nowrap">Management,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:5731.51px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:6045.1px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:6508.62px;white-space:nowrap">2018);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:7015.8px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:7525.88px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:8306.67px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:8940.1px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:9403.61px;white-space:nowrap">2019)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:9862.8px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:880.96px;left:10183.12px;letter-spacing:0.64px;white-space:nowrap">Chief
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:4680px;white-space:nowrap">Risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:5008.48px;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;position:absolute;top:1072.96px;left:5544.95px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:6008.46px;letter-spacing:-0.69px;white-space:nowrap">2022),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:6504.45px;white-space:nowrap">formerly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:7155.8px;letter-spacing:-0.19px;white-space:nowrap">Head
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:7588.6px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:7777.4px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:8619.78px;white-space:nowrap">Risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:8948.26px;white-space:nowrap">Management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1072.96px;left:9962.96px;white-space:nowrap">(2017-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:4680px;white-space:nowrap">2022)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:5139.19px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:5327.99px;white-space:nowrap">Nuveen;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:5985.26px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:6495.33px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:7276.12px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:7909.55px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:8373.06px;white-space:nowrap">2018)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:8832.25px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:9021.05px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1264.96px;left:9627.44px;letter-spacing:-0.13px;white-space:nowrap">Alternative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:4680px;white-space:nowrap">Advisors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1456.96px;left:5349.43px;letter-spacing:-2.4px;white-space:nowrap">LLC.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:0px;letter-spacing:-1.6px;white-space:nowrap">E.
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:171.52px;letter-spacing:-0.32px;white-space:nowrap">Scott
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:577.11px;letter-spacing:-0.32px;white-space:nowrap">Wickerham</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:0px;white-space:nowrap">1973
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:0px;white-space:nowrap">8500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:408.31px;letter-spacing:-0.41px;white-space:nowrap">Andrew
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:1020.79px;letter-spacing:-0.32px;white-space:nowrap">Carnegie
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:1733.26px;letter-spacing:-0.07px;white-space:nowrap">Blvd.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2297.92px;left:0px;letter-spacing:-0.61px;white-space:nowrap">Charlotte,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2297.92px;left:757.43px;white-space:nowrap">NC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2297.92px;left:1034.86px;white-space:nowrap">28262</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:2160px;letter-spacing:-0.58px;white-space:nowrap">Vice
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:2508.32px;letter-spacing:-1.17px;white-space:nowrap">President</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:2160px;white-space:nowrap">and
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:2480.32px;letter-spacing:-0.48px;white-space:nowrap">Controller</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:3882.4px;white-space:nowrap">2019
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:4680px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:5190.07px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:5970.86px;letter-spacing:-1.54px;white-space:nowrap">Director,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:6633.42px;letter-spacing:-0.19px;white-space:nowrap">Head
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:7066.21px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:7255.01px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:7735.32px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:8577.71px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:9187.63px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:9362.19px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1721.92px;left:9971.46px;white-space:nowrap">(since</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:4680px;letter-spacing:-0.69px;white-space:nowrap">2019),
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:5175.99px;letter-spacing:-1.06px;white-space:nowrap">formerly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:5858.38px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:6639.17px;letter-spacing:-0.29px;white-space:nowrap">Director;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:7320.6px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:7830.67px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:8611.46px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:9244.89px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:9708.41px;white-space:nowrap">2019)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:1913.92px;left:10167.6px;letter-spacing:1.92px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:4680px;white-space:nowrap">Nuveen
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:5289.27px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:5697.43px;letter-spacing:-0.48px;white-space:nowrap">Advisors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:6403.66px;letter-spacing:-0.96px;white-space:nowrap">LLC;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:6765.25px;letter-spacing:-0.77px;white-space:nowrap">Principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:7428.29px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:8112.45px;text-rendering:optimizeLegibility;letter-spacing:-1.71px;white-space:nowrap">Officer,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:8678.04px;letter-spacing:-0.77px;white-space:nowrap">Principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2105.92px;left:9338.2px;white-space:nowrap">Accounting</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2297.92px;left:4680px;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;position:absolute;top:2297.92px;left:5216.47px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2297.92px;left:5532.95px;letter-spacing:-2.11px;white-space:nowrap">Treasurer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2297.92px;left:6248.3px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2297.92px;left:6711.82px;white-space:nowrap">2017)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2297.92px;left:7171.01px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2297.92px;left:7359.8px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2297.92px;left:7631.48px;white-space:nowrap">TIAA-CREF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2297.92px;left:8475.15px;letter-spacing:-1.65px;white-space:nowrap">Funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2297.92px;left:8994.03px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2297.92px;left:9265.7px;white-space:nowrap">TIAA-CREF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2297.92px;left:10109.38px;white-space:nowrap">Life</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2489.92px;left:4680px;letter-spacing:-1.65px;white-space:nowrap">Funds,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2489.92px;left:5198.87px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2489.92px;left:5470.55px;letter-spacing:-0.58px;white-space:nowrap">TIAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2489.92px;left:5864.47px;letter-spacing:-0.39px;white-space:nowrap">Separate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2489.92px;left:6552.14px;white-space:nowrap">Account
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2489.92px;left:7195.66px;letter-spacing:-0.96px;white-space:nowrap">VA-1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2489.92px;left:7586.53px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2489.92px;left:7906.85px;letter-spacing:-0.77px;white-space:nowrap">Principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2489.92px;left:8569.89px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2489.92px;left:9254.04px;text-rendering:optimizeLegibility;letter-spacing:-1.92px;white-space:nowrap">Officer,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:4680px;letter-spacing:-0.77px;white-space:nowrap">Principal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:5340.16px;white-space:nowrap">Accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:6220.63px;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;position:absolute;top:2681.92px;left:6757.1px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:7220.62px;white-space:nowrap">2020)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:7679.8px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:7996.28px;letter-spacing:-2.11px;white-space:nowrap">Treasurer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:8711.63px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:9175.15px;white-space:nowrap">2017)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:9634.34px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2681.92px;left:9823.13px;white-space:nowrap">the</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:4680px;white-space:nowrap">CREF
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:5112.8px;white-space:nowrap">Accounts;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:5878.23px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:6167.98px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:6535.02px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:7097.89px;white-space:nowrap">positions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:7800.76px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:8140.28px;letter-spacing:-0.58px;white-space:nowrap">TIAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:8534.19px;white-space:nowrap">since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:2873.92px;left:8949.71px;letter-spacing:-0.96px;white-space:nowrap">2006.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;left:0px;white-space:nowrap">Mark
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;left:406.39px;letter-spacing:-1.6px;white-space:nowrap">L.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;left:562.87px;white-space:nowrap">Winget</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3330.88px;left:0px;white-space:nowrap">1968
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3522.88px;left:0px;white-space:nowrap">333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3522.88px;left:316.47px;letter-spacing:-5.12px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3522.88px;left:536.31px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3522.88px;left:1119.35px;white-space:nowrap">Drive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3714.88px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3714.88px;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:160px;position:absolute;top:3714.88px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;left:2160px;letter-spacing:-0.58px;white-space:nowrap">Vice
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;left:2508.32px;letter-spacing:-1.17px;white-space:nowrap">President</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3330.88px;left:2160px;white-space:nowrap">and
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3330.88px;left:2477.44px;white-space:nowrap">Assistant</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3522.88px;left:2160px;letter-spacing:-0.32px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;left:3882.4px;white-space:nowrap">2008</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;left:4680px;letter-spacing:-0.58px;white-space:nowrap">Vice
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;left:5028.32px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;left:5747.83px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;left:6065.27px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;left:6750.21px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;left:7470.04px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;left:7658.84px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;left:8268.11px;letter-spacing:-0.4px;white-space:nowrap">Securities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;left:9050.5px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;left:9364.09px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3138.88px;left:9827.61px;letter-spacing:-0.8px;white-space:nowrap">2008),</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3330.88px;left:4680px;white-space:nowrap">and
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3330.88px;left:5000.32px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3330.88px;left:5609.59px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3330.88px;left:6017.75px;letter-spacing:-0.48px;white-space:nowrap">Advisors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3330.88px;left:6723.98px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3330.88px;left:7037.57px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3330.88px;left:7501.09px;white-space:nowrap">2019);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3330.88px;left:8005.4px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3330.88px;left:8353.71px;letter-spacing:-1.4px;white-space:nowrap">President,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3330.88px;left:9107.14px;letter-spacing:-0.18px;white-space:nowrap">Associate</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3522.88px;left:4680px;letter-spacing:-0.24px;white-space:nowrap">General
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3522.88px;left:5302.07px;letter-spacing:-0.24px;white-space:nowrap">Counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3522.88px;left:5941.9px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3522.88px;left:6259.34px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3522.88px;left:6944.29px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3522.88px;left:7664.12px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3522.88px;left:7852.92px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3522.88px;left:8459.31px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3522.88px;left:8895.62px;letter-spacing:-0.4px;white-space:nowrap">Management,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3522.88px;left:9947.13px;letter-spacing:-1.6px;white-space:nowrap">LLC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3714.88px;left:4680px;white-space:nowrap">(since
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3714.88px;left:5143.51px;white-space:nowrap">2020);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3714.88px;left:5647.82px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3714.88px;left:5996.14px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3714.88px;left:6715.65px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3714.88px;left:7179.16px;white-space:nowrap">2010)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3714.88px;left:7638.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3714.88px;left:7955.79px;letter-spacing:-0.16px;white-space:nowrap">Associate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3714.88px;left:8693.7px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3714.88px;left:9315.77px;letter-spacing:-0.24px;white-space:nowrap">Counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3714.88px;left:9955.61px;white-space:nowrap">(since</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3906.88px;left:4680px;white-space:nowrap">2019)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3906.88px;left:5139.19px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:3906.88px;left:5327.99px;letter-spacing:-0.69px;white-space:nowrap">Nuveen.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:0px;letter-spacing:-0.24px;white-space:nowrap">Rachael
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:609.92px;letter-spacing:-0.16px;white-space:nowrap">Zufall</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4363.84px;left:0px;white-space:nowrap">1973
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4555.84px;left:0px;white-space:nowrap">8500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4555.84px;left:408.31px;letter-spacing:-0.41px;white-space:nowrap">Andrew
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4555.84px;left:1020.79px;letter-spacing:-0.32px;white-space:nowrap">Carnegie
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4555.84px;left:1733.26px;letter-spacing:-0.07px;white-space:nowrap">Blvd.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4747.84px;left:0px;letter-spacing:-0.61px;white-space:nowrap">Charlotte,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4747.84px;left:757.43px;white-space:nowrap">NC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4747.84px;left:1034.86px;white-space:nowrap">28262</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:2160px;letter-spacing:-0.58px;white-space:nowrap">Vice
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:2508.32px;letter-spacing:-1.06px;white-space:nowrap">President
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4363.84px;left:2160px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4363.84px;left:2477.44px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4555.84px;left:2160px;letter-spacing:-0.32px;white-space:nowrap">Secretary</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:3882.4px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:4680px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:5460.79px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:6094.22px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:6557.73px;letter-spacing:-0.69px;white-space:nowrap">2017),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:7050.84px;letter-spacing:-0.16px;white-space:nowrap">Associate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:7788.75px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:8410.83px;letter-spacing:-0.24px;white-space:nowrap">Counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:9050.66px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4171.84px;left:9368.1px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4363.84px;left:4680px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4363.84px;left:5399.83px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4363.84px;left:5863.34px;white-space:nowrap">2014)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4363.84px;left:6322.53px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4363.84px;left:6511.33px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4363.84px;left:6786.84px;white-space:nowrap">CREF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4363.84px;left:7219.64px;letter-spacing:-0.48px;white-space:nowrap">Accounts,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4363.84px;left:7970.03px;letter-spacing:-0.58px;white-space:nowrap">TIAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4363.84px;left:8363.95px;letter-spacing:-0.39px;white-space:nowrap">Separate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4363.84px;left:9051.63px;white-space:nowrap">Account
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4363.84px;left:9695.14px;letter-spacing:-1.6px;white-space:nowrap">VA-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4363.84px;left:10118.98px;white-space:nowrap">TIAA-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4555.84px;left:4680px;white-space:nowrap">CREF
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4555.84px;left:5115.57px;letter-spacing:-1.12px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4555.84px;left:5597.54px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4555.84px;left:5913.92px;white-space:nowrap">TIAA-CREF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4555.84px;left:6757.48px;white-space:nowrap">Life
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4555.84px;left:7057.7px;letter-spacing:-0.96px;white-space:nowrap">Funds;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4555.84px;left:7587.66px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4555.84px;left:8368.35px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4555.84px;left:9001.68px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4555.84px;left:9465.08px;letter-spacing:-0.69px;white-space:nowrap">2017),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4555.84px;left:9958.09px;letter-spacing:-0.16px;white-space:nowrap">Associate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4747.84px;left:4680px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4747.84px;left:5302.07px;letter-spacing:-0.24px;white-space:nowrap">Counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4747.84px;left:5941.9px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4747.84px;left:6259.34px;white-space:nowrap">Assistant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4747.84px;left:6944.29px;letter-spacing:-0.29px;white-space:nowrap">Secretary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4747.84px;left:7664.12px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4747.84px;left:8127.63px;white-space:nowrap">2011)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4747.84px;left:8586.82px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4747.84px;left:8771.78px;letter-spacing:-2.04px;white-space:nowrap">Teacher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4747.84px;left:9383.13px;letter-spacing:-0.48px;white-space:nowrap">Advisors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4747.84px;left:10089.36px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4939.84px;left:4680px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4939.84px;left:4996.48px;white-space:nowrap">TIAA-CREF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4939.84px;left:5840.15px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4939.84px;left:6682.54px;letter-spacing:-0.4px;white-space:nowrap">Management,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4939.84px;left:7734.04px;letter-spacing:-0.96px;white-space:nowrap">LLC;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4939.84px;left:8095.64px;white-space:nowrap">Managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4939.84px;left:8876.43px;letter-spacing:-0.32px;white-space:nowrap">Director
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4939.84px;left:9509.86px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4939.84px;left:9698.65px;letter-spacing:-0.6px;white-space:nowrap">Nuveen,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:4939.84px;left:10344.73px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5131.84px;left:4680px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5131.84px;left:5000.32px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5131.84px;left:5185.28px;letter-spacing:-0.58px;white-space:nowrap">TIAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5131.84px;left:5579.19px;white-space:nowrap">(since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5131.84px;left:6042.71px;letter-spacing:-0.8px;white-space:nowrap">2017).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:0px;white-space:nowrap">(1)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:432px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:745.12px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:1226.71px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:1411.67px;letter-spacing:-1.6px;white-space:nowrap">Trustees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:2054.86px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:2205.89px;white-space:nowrap">divided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:2801.25px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:3122.68px;letter-spacing:-0.48px;white-space:nowrap">three
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:3544.44px;letter-spacing:-0.53px;white-space:nowrap">classes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:4131.63px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:4554.66px;letter-spacing:-1.6px;white-space:nowrap">I,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:4673.06px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:5096.09px;letter-spacing:-1.2px;white-space:nowrap">II,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:5256.09px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:5576.4px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:5999.44px;letter-spacing:-0.96px;white-space:nowrap">III,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:6201.03px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:6544.39px;letter-spacing:-0.19px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:6933.67px;white-space:nowrap">being
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:7401.18px;white-space:nowrap">elected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:7988.69px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:8177.17px;white-space:nowrap">serve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:8606.92px;white-space:nowrap">until
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:8963.88px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:9239.39px;letter-spacing:-0.48px;white-space:nowrap">third
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5530.71px;left:9620.02px;white-space:nowrap">succeeding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:432px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:962.08px;letter-spacing:-0.21px;white-space:nowrap">shareholders&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:1987.02px;white-space:nowrap">meeting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:2636.13px;white-space:nowrap">subsequent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:3534.35px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:3722.83px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:3924.59px;white-space:nowrap">election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:4549.38px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:4744.73px;letter-spacing:-0.52px;white-space:nowrap">thereafter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:5496.08px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:5669.04px;letter-spacing:-0.19px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:6058.32px;white-space:nowrap">case
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:6426.31px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:6863.43px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:7065.18px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:7855.89px;white-space:nowrap">successors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:8679.88px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:8951.55px;white-space:nowrap">duly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:9304.83px;white-space:nowrap">elected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5722.71px;left:9892.34px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:432px;letter-spacing:-0.44px;white-space:nowrap">appointed,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:1272.31px;letter-spacing:-0.27px;white-space:nowrap">except
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:1803.18px;white-space:nowrap">two
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:2111.02px;letter-spacing:-0.48px;white-space:nowrap">board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:2592.77px;white-space:nowrap">members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:3328.92px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:3600.6px;white-space:nowrap">elected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:4188.11px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:4408.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:4683.63px;white-space:nowrap">holders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:5277.06px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:5465.85px;letter-spacing:-1.34px;white-space:nowrap">Preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:6181.68px;letter-spacing:-0.96px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:6744.71px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:7181.83px;letter-spacing:-0.4px;white-space:nowrap">applicable,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:8026.78px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:8215.26px;white-space:nowrap">serve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:8645.01px;white-space:nowrap">until
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:9001.97px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:9277.48px;letter-spacing:-0.19px;white-space:nowrap">next
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:5914.71px;left:9629.16px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:432px;letter-spacing:-0.21px;white-space:nowrap">shareholders&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:1456.94px;white-space:nowrap">meeting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:2106.05px;white-space:nowrap">subsequent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:3004.28px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:3192.75px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:3394.51px;white-space:nowrap">election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:4019.3px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:4214.66px;letter-spacing:-0.52px;white-space:nowrap">thereafter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:4966.01px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:5138.97px;letter-spacing:-0.19px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:5528.24px;white-space:nowrap">case
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:5896.24px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:6333.35px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:6535.11px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:7325.82px;white-space:nowrap">successors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:8149.8px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:8421.48px;white-space:nowrap">duly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:8774.75px;white-space:nowrap">elected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:9362.27px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6106.71px;left:9557.62px;letter-spacing:-0.44px;white-space:nowrap">appointed.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:432px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:745.12px;letter-spacing:-0.19px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:1096.79px;text-rendering:optimizeLegibility;white-space:nowrap">first
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:1403.18px;white-space:nowrap">elected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:1990.7px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:2186.05px;white-space:nowrap">appointed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:2989.56px;letter-spacing:-0.52px;white-space:nowrap">represents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:3800.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:4076.42px;letter-spacing:-0.19px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:4428.1px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:4601.06px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:5066.97px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:5342.49px;letter-spacing:-0.48px;white-space:nowrap">board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:5824.24px;white-space:nowrap">member
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:6489.36px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:6805.19px;text-rendering:optimizeLegibility;white-space:nowrap">first
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:7111.58px;white-space:nowrap">elected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:7699.09px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:7894.45px;white-space:nowrap">appointed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:8697.96px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:8886.44px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:9182.92px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:9557.95px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:9730.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6298.71px;left:10006.43px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6490.71px;left:432px;letter-spacing:-0.72px;white-space:nowrap">complex.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:0px;white-space:nowrap">(2)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:432px;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;position:absolute;top:6694.67px;left:1039.51px;white-space:nowrap">serve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:1469.26px;text-rendering:optimizeLegibility;white-space:nowrap">indefinite
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:2197.89px;white-space:nowrap">terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:2650.04px;white-space:nowrap">until
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:3007px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:3380.11px;white-space:nowrap">successor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:4133.06px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:4422.82px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:4840.73px;white-space:nowrap">duly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:5194.01px;white-space:nowrap">elected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:5781.52px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:6101.84px;text-rendering:optimizeLegibility;letter-spacing:-0.44px;white-space:nowrap">qualified,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:6819.43px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:7192.54px;letter-spacing:-0.43px;white-space:nowrap">death
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:7652.86px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:7848.21px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:8221.33px;letter-spacing:-0.37px;white-space:nowrap">resignation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:9077.95px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:9273.31px;letter-spacing:-1.03px;white-space:nowrap">removal.&#160;&#160;The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6694.67px;left:10288.5px;letter-spacing:-0.19px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:432px;text-rendering:optimizeLegibility;white-space:nowrap">first
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:738.39px;white-space:nowrap">elected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:1325.9px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:1521.26px;white-space:nowrap">appointed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:2324.77px;letter-spacing:-0.52px;white-space:nowrap">represents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:3136.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:3411.63px;letter-spacing:-0.19px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:3763.31px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:3936.27px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:4402.18px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:4677.7px;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;position:absolute;top:6886.67px;left:5214.17px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:5530.01px;text-rendering:optimizeLegibility;white-space:nowrap">first
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:5836.4px;white-space:nowrap">elected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:6423.91px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:6619.27px;white-space:nowrap">appointed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:7422.78px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:7611.25px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:7907.73px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:8282.77px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:8455.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:8731.24px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;position:absolute;top:6886.67px;left:9340.51px;letter-spacing:-0.96px;white-space:nowrap">Complex.</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="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:contain;height:28.80px;left:0px;overflow:hidden;position:absolute;top:0px;transform:translate(39.600px,36.000px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:122.40px">

 <div style="height:29px;left:0px;overflow:hidden;position:absolute;top:0px;width:122px">
<div style="height:29.32px;left:0px;position:absolute;top:0px;transform:translate(1.119px,-0.259px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:120.16px">
<div style="background-color:transparent;height:15.32px;left:0px;position:absolute;top:0px;transform:translate(0.751px,0.028px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:20.05px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:15.55px;left:0px;position:absolute;top:0px;transform:translate(22.493px,0.255px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:20.24px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:15.05px;left:0px;position:absolute;top:0px;transform:translate(43.606px,0.435px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:18.42px">
<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE0AAAA/CAYAAACl40V6AAAACXBIWXMAAC4jAAAuIwF4pT92AAAEQUlEQVR4Xu2a4ZGkNhCFP135vzcD4wi8GdyEMCEQwoZACBsCl8E4AjMZzEXguQi8G0H7B8wZz4Ge1EiMy7Wv6v1BD7VoHlILALD/KAczI5XAIaHPEhw+8YFsfCTNgY+kOfAJOCvRA3AGLkp0hzfgqxIVwGU+kR6BE3oirMET0AKNmvBTyLgodMA1IXYKT8Dxe/8LAZ+BIaGjEjxRKFEigd7rGZbGFwv2ktDpFr6pCy5JRierMc35stpX4UBZVBdamqQ7ro32kxCopuOigytN0grgV9mPEkzBLgnBPBxU7JJEJ+2i+jCz5DqtUwInPocQGiUqiGfR/iLagcTi1sxOwDelcyJpoIVwiLSdzWyItP8DZcWZtVv04+bhG/Ck4m8l0IhxHFQfNyY5DcDMeuBd6Rz4mfGG1EbM0V8t1WUkPp4zvCqBE3s8om2kLe+6lBXvLP6Efty8bFV8L4lPLVd1/j2znGZmb8AXpXOiVYINiDm5i7QtQ2V14a41aNd4eVDxc8lYZhRzmVmm0wDM7Ar8rnROtErgQMxleXPZDSqrK3fvgHaNl42Kn0ric7C71Ml2GoCNy3Otl5clV9I20vZq4xydD5XVyF1s0a7x0O2AhTFea8RwOQ3AxmK3xtaqSLEbQjgCv6w0n8zrMvA7bbqTLdo5Hl5VbEXi784adX60byVQZLS6SoKHrYodGVMT6bdX5yu6H88ZfMu2xpYFoYu0bR+vyqoi47Jey20HFT9zPIM6P4WbnWbjhHpSOic6JVhAy7iYLKFbOZ6FMN2dTZjevv4pZF78auMuJAkhhCvLq+Y3M2sWjmdjs9MApouqtZHvlOAGUWZ0K8fzoZ7fVBLfGG9lo+JPYxhWzr+qc3NYxGkAZnah3taqVYIQwjPweaW5Xznug8pqDqm3kZfbHsbEuM7NpRTkknrfSNd/E4gXs50acy6LPZ4zbC8elxErdttIWx9p80Fl1UPK/eJ0z3YhVqyY7dVYPazhNNjXbUcqF7M/QGXVQ3bcWrHu6kGN00sp8JLxLqsEeDjMYhwjuoMao5dS4CV1v5E2U4xhpX1Q49vCWnMaVvcbaRdCOLBXMXuHIhv2NVTeyJ9ZTlqxjfkaqjkNwMaNfK2t1ZrLupXjxVDVaQDTY/SH0hXCu5k9KdFWVHUagI3fSGt8tVpCrfrwX6ietAmdEhTAO/+npFm9HwLn8H8xz8QuSZtQ2wW9EpRC9YXghhDCE/CX0jnxxcxaJSqF3ZxWu9hVgpLYzWlQrdg9m9lBiUpiN6dBtWK39lz5A3Z1GhQvdqtvmZawq9OgeLHbK0EN7J60CZ0SJKJXghp4VNJObC92z5bxu0JJPCRpU/nRK51ArwS1sPtCcMPG8uOd8e3tLtumezzEafC9/PAWu9v+md2IhyVtQq8EK6j1P1wSHvZ43hBCuAC/Kd0Mu7xojOEnJdgBHXn/1w5KUBt/A0AXXCN/one4AAAAAElFTkSuQmCC);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:15.83px;left:0px;position:absolute;top:0px;transform:translate(63.458px,0.000px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:15.96px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:15.83px;left:0px;position:absolute;top:0px;transform:translate(81.984px,0.000px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:15.96px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:15.32px;left:0px;position:absolute;top:0px;transform:translate(100.106px,0.028px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:20.05px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:5.90px;left:0px;position:absolute;top:0px;transform:translate(0.000px,21.596px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:6.00px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:5.82px;left:0px;position:absolute;top:0px;transform:translate(8.311px,21.677px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:5.07px">
<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAABUAAAAYCAYAAAAVibZIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAA3klEQVQ4T+2VwQ2CMBSGPw0DOIIbOAKMwAaygfcmTYtEzo6AG+gE4ga6gWzgBngA4rMQRdMj36n/6+uXtIe+md3uajwTDNQqoBA5AkKRL0ApcgysRO5JT0BitHp0hTTLLe/S0mhlRbZplhfAuivMxWaFIxyL0SqhuQHwLv1LKEi6RSe9Ga3KwdaRGK3uwAGaN70A+08HfqAAloHRKvrSOJr2tpF8U29MUv9MUv9MUv+MkS6cHA92CWZ13R+maZZH7TIGNr2G5g8+Alfg6k6M3jRthWe37hDyGoYpYOXmE4OJN0KGi/odAAAAAElFTkSuQmCC);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:5.82px;left:0px;position:absolute;top:0px;transform:translate(13.979px,21.678px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:2.62px">
<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAsAAAAYCAYAAAAs7gcTAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgklEQVQ4T+3M0QmCYBhG4cfwPkdogxyhDXKVbgXRDJujEXKDNqg2cIQ2sIsUfkiibsMDH3wHDm9U1U3vS2LskCLDcqK544wu6vvX8P5wTHDBOgjbssizURbjUxb5Y1gIuYWy8ANzHDLHIf8Qrz55VNVNigQblN5pcUIX4zoRhGyH8wRkhRhg+ze72gAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:5.90px;left:0px;position:absolute;top:0px;transform:translate(16.970px,21.596px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:6.00px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:5.90px;left:0px;position:absolute;top:0px;transform:translate(22.815px,21.596px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:6.00px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:6.09px;left:0px;position:absolute;top:0px;transform:translate(31.385px,21.548px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:4.96px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:4.28px;left:0px;position:absolute;top:0px;transform:translate(37.148px,23.338px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:3.95px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:4.15px;left:0px;position:absolute;top:0px;transform:translate(41.769px,23.343px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:6.98px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:5.98px;left:0px;position:absolute;top:0px;transform:translate(49.182px,23.341px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:4.36px">
<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAABIAAAAZCAYAAAA8CX6UAAAACXBIWXMAAC4jAAAuIwF4pT92AAABUklEQVQ4T82VwW2DQBAAB8v/0IGdCuJUEKcCOx2QCsL7pNOBkfnGqSC4BFcQUkGcDlyCqYA8OPCCT0iBj0dCYne54aRjFy/abCPABxZc8I1WizhJfSAE1sCDqO+B0Gh1rhNetNmWuHkEMtoCSQEsjVZHgInRygOebUGSAyfgFbi3z3yI+h3wEyfpGsAry2pDcZKGwLt4cG+0CugQJ2kAfIpUAcwnInGkTYYDo1XG9c5CKfoPu04cDBIZrU7Ar0jNBoksZwRjRLkMxohajBH5Mhgjki01TGR78EmkDoNEQNCJd32i0JUUE6Fmb7TK+0SrOEkzuxBoJDkws6kDViqbdgl8cU1B1Yc+l5FSAJHRqmmVqWNhzQswpxpqvr3/ppLubJs09InO9o3dBnUy9NSuuG1R65N3xL144nf05qgfqE4pN1rljnrDFDA99ZW9oDN/uvwBtcldcyGvWDwAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:4.26px;left:0px;position:absolute;top:0px;transform:translate(54.408px,23.336px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:3.80px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:4.15px;left:0px;position:absolute;top:0px;transform:translate(58.959px,23.343px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:4.51px">
<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAABMAAAARCAYAAAA/mJfHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAA3ElEQVQ4T+2UwQ3CMBAEJ6kgVAAdQAnQAR0QKoC3JetsLPwOHVACJaSFdAAd0EF4kMAlgkjwhXn5dter+9iJ2+0dkAEznmRizQzAh5gDDhgr/wJsxZqT0kjcbl/zmhFQAtM3PsBarDm2QyrWJMDiRbAEJsCh8ddA1csUekjq+r6YD/EIrJRXAXOx5qov+BALYKOkhVhTAqRKPNNl2S9q6GwDzNuDLusg1pw/0WGg7Bv+ZZ/z62U+xOyd1+ORSwF8iBMg74WKRu/QvE1N7kNcwvAX1OLFGudDdIAMBW9cGT4cr/XCrQAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:5.86px;left:0px;position:absolute;top:0px;transform:translate(63.768px,23.453px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:4.34px">
<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> </div> </div> </div> <div style="height:26.64px;left:0px;position:absolute;top:0px;transform:translate(36.000px,731.360px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:230.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,7px) rotate(0deg) scale(0.05)">
<div style="background-color:transparent;height:8.64px;left:0px;position:absolute;top:0px;transform:translate(4586.141px,40.000px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:1.00px">
<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAkCAYAAACjQ+sPAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGElEQVQYV2NMTc/8z8DAwMDEAAWjDFIZAPJYAnyQB7KsAAAAAElFTkSuQmCC);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:8.64px;left:0px;position:absolute;top:0px;transform:translate(3041.334px,40.000px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:1.00px">
<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAkCAYAAACjQ+sPAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGElEQVQYV2NMTc/8z8DAwMDEAAWjDFIZAPJYAnyQB7KsAAAAAElFTkSuQmCC);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="background-color:transparent;height:8.64px;left:0px;position:absolute;top:0px;transform:translate(5821.834px,40.000px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:1.00px">
<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAkCAYAAACjQ+sPAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGElEQVQYV2NMTc/8z8DAwMDEAAWjDFIZAPJYAnyQB7KsAAAAAElFTkSuQmCC);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px">
</div></div> <div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:300;position:absolute;top:66.96px;left:0px;letter-spacing:-2.4px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:300;position:absolute;top:66.96px;left:507.08px;letter-spacing:-2.57px;white-space:nowrap">Securities,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:300;position:absolute;top:66.96px;left:1149.95px;letter-spacing:-2.24px;white-space:nowrap">LLC,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:300;position:absolute;top:66.96px;left:1452.35px;letter-spacing:-2.4px;white-space:nowrap">member
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:300;position:absolute;top:66.96px;left:1997.92px;letter-spacing:-2.33px;white-space:nowrap">FINRA
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:300;position:absolute;top:66.96px;left:2422.82px;letter-spacing:-2.1px;white-space:nowrap">and
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:300;position:absolute;top:66.96px;left:2686.58px;letter-spacing:-2.24px;white-space:nowrap">SIPC
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:300;position:absolute;top:66.96px;left:3120.77px;letter-spacing:-2.1px;white-space:nowrap">333
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:300;position:absolute;top:66.96px;left:3382.01px;letter-spacing:-2.74px;white-space:nowrap">West
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:300;position:absolute;top:66.96px;left:3720.53px;letter-spacing:-3.14px;white-space:nowrap">Wacker
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:300;position:absolute;top:66.96px;left:4198.77px;letter-spacing:-2.33px;white-space:nowrap">Drive
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:300;position:absolute;top:66.96px;left:4665.58px;letter-spacing:-2.49px;white-space:nowrap">Chicago,
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:300;position:absolute;top:66.96px;left:5236.92px;letter-spacing:-1.87px;white-space:nowrap">IL
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:300;position:absolute;top:66.96px;left:5374.39px;letter-spacing:-2.33px;white-space:nowrap">60606
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:300;position:absolute;top:66.96px;left:5901.27px;letter-spacing:-3.15px;white-space:nowrap">www.nuveen.com</div></div> </div>
<div style="height:13.52px;left:0px;position:absolute;top:0px;transform:translate(392.760px,737.360px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:174.60px">
<div style="width:3492px;height:230.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:300;position:absolute;top:50px;left:1125.17px;letter-spacing:-2.1px;white-space:nowrap">EAN-C-0223D
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:300;position:absolute;top:50px;left:2205.97px;letter-spacing:-3.43px;white-space:nowrap">2809342-INV-Y-04/24</div></div> </div>
<div style="height:593.87px;left:0px;position:absolute;top:0px;transform:translate(111.600px,128.568px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:452.16px">
<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,[encoded data, 31276 characters])">
</div> </div> <div style="height:599.06px;left:0px;position:absolute;top:0px;transform:translate(111.600px,123.379px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:452.16px">
<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:&quot;Times New Roman&quot;, Times, serif;font-size:540px;position:absolute;top:-49.97px;left:0px;white-space:nowrap">Nuveen:</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:540px;position:absolute;top:598.03px;left:0px;white-space:nowrap">Serving
 </div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:540px;position:absolute;top:598.03px;left:1935.88px;white-space:nowrap">Investors
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:540px;position:absolute;top:598.03px;left:4290.21px;white-space:nowrap">for
</div><div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:540px;position:absolute;top:598.03px;left:5108.38px;white-space:nowrap">Generations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1246.65px;left:0px;white-space:nowrap">Since
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1246.65px;left:524.71px;white-space:nowrap">1898,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1246.65px;left:1064.45px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1246.65px;left:1873.73px;white-space:nowrap">advisors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1246.65px;left:2658.11px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1246.65px;left:3040.14px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1246.65px;left:3511.04px;white-space:nowrap">clients
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1246.65px;left:4136.23px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1246.65px;left:4597.66px;white-space:nowrap">relied
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1246.65px;left:5151.86px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1246.65px;left:5426.07px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1246.65px;left:6153.61px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1246.65px;left:6378.71px;white-space:nowrap">provide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1246.65px;left:7100.39px;white-space:nowrap">dependable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1606.65px;left:0px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1606.65px;left:1036.52px;white-space:nowrap">solutions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1606.65px;left:1891.31px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1606.65px;left:2648.05px;white-space:nowrap">continued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1606.65px;left:3585.45px;white-space:nowrap">adherence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1606.65px;left:4546.68px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1606.65px;left:4771.78px;white-space:nowrap">proven,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1606.65px;left:5492.09px;white-space:nowrap">long-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1606.65px;left:6424.02px;white-space:nowrap">investing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1606.65px;left:7279.1px;white-space:nowrap">principles.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1606.65px;left:8258.2px;white-space:nowrap">Today,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1966.65px;left:0px;white-space:nowrap">we
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1966.65px;left:292.38px;text-rendering:optimizeLegibility;white-space:nowrap">offer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1966.65px;left:751.07px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1966.65px;left:900.1px;white-space:nowrap">range
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1966.65px;left:1447.75px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1966.65px;left:1668.85px;white-space:nowrap">high
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1966.65px;left:2110.35px;white-space:nowrap">quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1966.65px;left:2769.63px;white-space:nowrap">solutions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1966.65px;left:3624.41px;white-space:nowrap">designed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1966.65px;left:4460.74px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1966.65px;left:4685.84px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1966.65px;left:4942.77px;white-space:nowrap">integral
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1966.65px;left:5675.29px;white-space:nowrap">components
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1966.65px;left:6808.89px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1966.65px;left:7029.98px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1966.65px;left:7179px;text-rendering:optimizeLegibility;white-space:nowrap">well-diversified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1966.65px;left:8585.06px;white-space:nowrap">core
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:2326.65px;left:0px;white-space:nowrap">portfolio.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;position:absolute;top:2943.76px;left:0px;white-space:nowrap">Focused
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;position:absolute;top:2943.76px;left:1169.53px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;position:absolute;top:2943.76px;left:1580.86px;white-space:nowrap">meeting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;position:absolute;top:2943.76px;left:2729px;white-space:nowrap">investor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;position:absolute;top:2943.76px;left:3878.32px;white-space:nowrap">needs.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3388.65px;left:0px;white-space:nowrap">Nuveen
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3388.65px;left:727.54px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3388.65px;left:920.8px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3388.65px;left:1251.17px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3388.65px;left:2287.7px;white-space:nowrap">manager
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3388.65px;left:3112.3px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3388.65px;left:3333.4px;white-space:nowrap">TIAA.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3388.65px;left:3905.57px;white-space:nowrap">We
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3388.65px;left:4245.61px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3388.65px;left:4707.03px;white-space:nowrap">grown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3388.65px;left:5312.5px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3388.65px;left:5714.36px;white-space:nowrap">one
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3388.65px;left:6085.25px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3388.65px;left:6306.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3388.65px;left:6636.72px;white-space:nowrap">world&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3388.65px;left:7325.98px;white-space:nowrap">premier
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3388.65px;left:8080.47px;white-space:nowrap">global
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3748.65px;left:0px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3748.65px;left:487.6px;white-space:nowrap">managers,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3748.65px;left:1452.54px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3748.65px;left:1892.29px;white-space:nowrap">specialist
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3748.65px;left:2759.38px;white-space:nowrap">knowledge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3748.65px;left:3755.47px;white-space:nowrap">across
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3748.65px;left:4357.91px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3748.65px;left:4621.39px;white-space:nowrap">major
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3748.65px;left:5194.73px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3748.65px;left:5682.32px;white-space:nowrap">classes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3748.65px;left:6335.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3748.65px;left:6717.38px;white-space:nowrap">particular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:3748.65px;left:7636.04px;white-space:nowrap">strength
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4108.65px;left:0px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4108.65px;left:225px;white-space:nowrap">solutions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4108.65px;left:1079.79px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4108.65px;left:1483.3px;white-space:nowrap">provide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4108.65px;left:2204.98px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4108.65px;left:2901.46px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4108.65px;left:3204.49px;white-space:nowrap">investors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4108.65px;left:4057.13px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4108.65px;left:4439.16px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4108.65px;left:4842.68px;white-space:nowrap">draw
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4108.65px;left:5335.94px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4108.65px;left:5610.16px;white-space:nowrap">our
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4108.65px;left:5963.18px;white-space:nowrap">expertise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4108.65px;left:6812.7px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4108.65px;left:7037.7px;white-space:nowrap">alternatives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4108.65px;left:8120.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4468.65px;left:0px;white-space:nowrap">responsible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4468.65px;left:1064.45px;white-space:nowrap">investing.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4468.65px;left:1973.44px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4468.65px;left:2700.98px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4468.65px;left:2894.24px;white-space:nowrap">driven
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4468.65px;left:3512.01px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4468.65px;left:3855.27px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4468.65px;left:4285.16px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4468.65px;left:4543.85px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4468.65px;left:4874.22px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4468.65px;left:6038.57px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4468.65px;left:7075.1px;white-space:nowrap">processes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4468.65px;left:7970.8px;white-space:nowrap">across
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4828.65px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4828.65px;left:330.37px;text-rendering:optimizeLegibility;white-space:nowrap">firm,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4828.65px;left:807.13px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4828.65px;left:1151.46px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4828.65px;left:1551.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4828.65px;left:1882.32px;white-space:nowrap">insights,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4828.65px;left:2679.98px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4828.65px;left:3062.3px;white-space:nowrap">management,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4828.65px;left:4318.95px;white-space:nowrap">analytics
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4828.65px;left:5147.46px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4828.65px;left:5529.49px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4828.65px;left:6049.61px;white-space:nowrap">tools
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4828.65px;left:6526.17px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4828.65px;left:6908.2px;white-space:nowrap">resources
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4828.65px;left:7800.2px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4828.65px;left:8203.71px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4828.65px;left:8352.73px;white-space:nowrap">truly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5188.65px;left:0px;white-space:nowrap">world-class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5188.65px;left:1054px;white-space:nowrap">platform
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5188.65px;left:1874.51px;white-space:nowrap">provides.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5188.65px;left:2736.52px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5188.65px;left:3005.37px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5188.65px;left:3154.39px;white-space:nowrap">global
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5188.65px;left:3739.55px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5188.65px;left:4227.15px;white-space:nowrap">manager,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5188.65px;left:5105.66px;white-space:nowrap">our
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5188.65px;left:5458.69px;white-space:nowrap">mission
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5188.65px;left:6199.12px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5188.65px;left:6392.38px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5188.65px;left:6617.48px;white-space:nowrap">work
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5188.65px;left:7110.06px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5188.65px;left:7335.06px;white-space:nowrap">partnership
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5188.65px;left:8421.78px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5548.65px;left:0px;white-space:nowrap">our
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5548.65px;left:353.03px;white-space:nowrap">clients
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5548.65px;left:978.22px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5548.65px;left:1203.32px;white-space:nowrap">create
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5548.65px;left:1787.5px;white-space:nowrap">solutions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5548.65px;left:2642.29px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5548.65px;left:3220.21px;white-space:nowrap">help
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5548.65px;left:3653.03px;white-space:nowrap">them
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5548.65px;left:4159.57px;white-space:nowrap">secure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5548.65px;left:4775.39px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5548.65px;left:5246.29px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5548.65px;left:6055.57px;white-space:nowrap">future.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;position:absolute;top:6165.76px;left:0px;white-space:nowrap">Find
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;position:absolute;top:6165.76px;left:689.5px;white-space:nowrap">out
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;position:absolute;top:6165.76px;left:1199.71px;white-space:nowrap">how
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;position:absolute;top:6165.76px;left:1829.59px;white-space:nowrap">we
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;position:absolute;top:6165.76px;left:2268.16px;white-space:nowrap">can
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;position:absolute;top:6165.76px;left:2805.18px;white-space:nowrap">help
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:300px;position:absolute;top:6165.76px;left:3454.39px;white-space:nowrap">you.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:0px;white-space:nowrap">To
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:279.79px;white-space:nowrap">learn
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:782.81px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:1293.65px;white-space:nowrap">about
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:1846.58px;white-space:nowrap">how
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:2266.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:2596.88px;white-space:nowrap">products
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:3425.29px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:3807.32px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:4552.44px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:4773.54px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:5501.07px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:5924.71px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:6181.64px;white-space:nowrap">able
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:6596.58px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:6821.68px;white-space:nowrap">help
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:7254.49px;white-space:nowrap">you
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:7624.02px;white-space:nowrap">meet
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6610.65px;left:8110.84px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6970.65px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6970.65px;left:809.28px;white-space:nowrap">goals,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6970.65px;left:1365.53px;white-space:nowrap">talk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6970.65px;left:1747.95px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6970.65px;left:1973.05px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6970.65px;left:2424.51px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6970.65px;left:3233.79px;white-space:nowrap">advisor,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6970.65px;left:3985.64px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6970.65px;left:4223.63px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6970.65px;left:4577.93px;white-space:nowrap">us
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6970.65px;left:4827.64px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6970.65px;left:5045.7px;white-space:nowrap">(800)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6970.65px;left:5608.69px;white-space:nowrap">257-8787.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6970.65px;left:6542.97px;white-space:nowrap">Please
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6970.65px;left:7150.98px;white-space:nowrap">read
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6970.65px;left:7593.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6970.65px;left:7923.83px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7330.65px;left:0px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7330.65px;left:836.52px;white-space:nowrap">carefully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7330.65px;left:1647.95px;white-space:nowrap">before
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7330.65px;left:2256.35px;white-space:nowrap">you
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7330.65px;left:2625.88px;white-space:nowrap">invest.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7330.65px;left:3256.25px;white-space:nowrap">Investors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7330.65px;left:4128.22px;white-space:nowrap">should
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7330.65px;left:4774.22px;white-space:nowrap">consider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7330.65px;left:5577.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7330.65px;left:5908.11px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7330.65px;left:6944.63px;white-space:nowrap">objective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7330.65px;left:7782.23px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7330.65px;left:8164.26px;white-space:nowrap">policies,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7690.65px;left:0px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7690.65px;left:382.32px;white-space:nowrap">considerations,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7690.65px;left:1780.57px;white-space:nowrap">charges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7690.65px;left:2503.71px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7690.65px;left:2885.74px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7690.65px;left:3730.27px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7690.65px;left:3951.37px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7690.65px;left:4316.99px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7690.65px;left:5353.52px;white-space:nowrap">carefully.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7690.65px;left:6218.85px;white-space:nowrap">Where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7690.65px;left:6853.91px;white-space:nowrap">applicable,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7690.65px;left:7858.69px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7690.65px;left:8115.63px;white-space:nowrap">sure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8050.65px;left:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8050.65px;left:225.1px;white-space:nowrap">obtain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8050.65px;left:839.75px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8050.65px;left:988.77px;white-space:nowrap">prospectus,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8050.65px;left:2053.61px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8050.65px;left:2631.54px;white-space:nowrap">contains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8050.65px;left:3429.59px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8050.65px;left:3808.3px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8050.65px;left:4190.33px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8050.65px;left:4710.45px;white-space:nowrap">relevant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8050.65px;left:5478.52px;white-space:nowrap">information.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8050.65px;left:6642.77px;white-space:nowrap">To
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8050.65px;left:6922.56px;white-space:nowrap">obtain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8050.65px;left:7537.21px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8050.65px;left:7686.23px;white-space:nowrap">prospectus,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8410.65px;left:0px;white-space:nowrap">please
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8410.65px;left:600.29px;white-space:nowrap">contact
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8410.65px;left:1295.02px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8410.65px;left:1746.48px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8410.65px;left:2634.96px;white-space:nowrap">representative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8410.65px;left:3949.41px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8410.65px;left:4187.4px;white-space:nowrap">Nuveen,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8410.65px;left:4968.85px;white-space:nowrap">333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8410.65px;left:5348.14px;white-space:nowrap">W.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8410.65px;left:5645.41px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8410.65px;left:6366.11px;white-space:nowrap">Dr.,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8410.65px;left:6753.91px;white-space:nowrap">Chicago,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8410.65px;left:7560.74px;white-space:nowrap">IL
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8410.65px;left:7807.62px;white-space:nowrap">60606.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8770.65px;left:0px;white-space:nowrap">Please
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8770.65px;left:608.01px;white-space:nowrap">read
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8770.65px;left:1050.49px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8770.65px;left:1380.86px;white-space:nowrap">prospectus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8770.65px;left:2391.8px;white-space:nowrap">carefully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8770.65px;left:3203.22px;white-space:nowrap">before
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8770.65px;left:3811.62px;white-space:nowrap">you
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8770.65px;left:4181.15px;white-space:nowrap">invest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8770.65px;left:4757.62px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8770.65px;left:4995.61px;white-space:nowrap">send
</div><div style="font-family:&quot;Times New Roman&quot;, Times, 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> </div>
</div></div>
<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<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">As of the end of the period covered by this report, the registrant has adopted a code of ethics that applies to the registrant&#146;s principal executive
officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. There were no amendments to or waivers from the Code during the period covered by this report. The registrant has posted the
code of ethics on its website at www.nuveen.com/fund-governance. (To view the code, click on Code of Conduct.) </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">As of the end of the period covered by this report, the registrant&#146;s Board of Directors or Trustees (&#147;Board&#148;) determined that the registrant
has at least one &#147;audit committee financial expert&#148; (as defined in Item 3 of Form <FONT STYLE="white-space:nowrap">N-CSR)</FONT> serving on its Audit Committee. The registrant&#146;s audit committee financial experts are Carole E. Stone,
Jack B. Evans, Albin F. Moschner, John K. Nelson and Robert L. Young, who are &#147;independent&#148; for purposes of Item 3 of Form <FONT STYLE="white-space:nowrap">N-CSR.</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ms.&nbsp;Stone served for five years as Director of the New York State Division of the Budget. As part of her role as Director, Ms.&nbsp;Stone was actively
involved in overseeing the development of the State&#146;s operating, local assistance and capital budgets, its financial plan and related documents; overseeing the development of the State&#146;s bond-related disclosure documents and certifying
that they fairly presented the State&#146;s financial position; reviewing audits of various State and local agencies and programs; and coordinating the State&#146;s system of internal audit and control. Prior to serving as Director, Ms.&nbsp;Stone
worked as a budget analyst/examiner with increasing levels of responsibility over a 30 year period, including approximately five years as Deputy Budget Director. Ms.&nbsp;Stone has also served as Chair of the New York State Racing Association
Oversight Board, as Chair of the Public Authorities Control Board, as a Commissioner on the New York State Commission on Public Authority Reform and as a member of the Boards of Directors of several New York State public authorities. These positions
have involved overseeing operations and finances of certain entities and assessing the adequacy of project/entity financing and financial reporting. Ms.&nbsp;Stone formerly served on the Board of Directors of CBOE Global Markets, Inc. (formerly,
CBOE Holdings, Inc.), the Chicago Board Options Exchange, and the C2 Options Exchange. Ms.&nbsp;Stone&#146;s position on the boards of these entities and as a member of both CBOE Holdings&#146; Audit Committee and its Finance Committee involved,
among other things, the oversight of audits, audit plans and preparation of financial statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Evans was formerly President and Chief
Operating Officer of SCI Financial Group, Inc., a full service registered broker-dealer and registered investment adviser (&#147;SCI&#148;). As part of his role as President and Chief Operating Officer, Mr.&nbsp;Evans actively supervised the Chief
Financial Officer (the &#147;CFO&#148;) and actively supervised the CFO&#146;s preparation of financial statements and other filings with various regulatory authorities. In such capacity, Mr.&nbsp;Evans was actively involved in the preparation of
SCI&#146;s financial statements and the resolution of issues raised in connection therewith. Mr.&nbsp;Evans has also served on the audit committee of various reporting companies. At such companies, Mr.&nbsp;Evans was involved in the oversight of
audits, audit plans, and the preparation of financial statements. Mr.&nbsp;Evans also formerly chaired the audit committee of the Federal Reserve Bank of Chicago. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Moschner is a consultant in the wireless industry and, in July 2012, founded Northcroft Partners, LLC, a management consulting firm that provides
operational, management and governance solutions. Prior to founding Northcroft Partners, LLC, Mr.&nbsp;Moschner held various positions at Leap Wireless International, Inc., a provider of wireless services, where he was as a consultant from February
2011 to July 2012, Chief Operating Officer from July 2008 to February 2011, and Chief Marketing Officer from August 2004 to June 2008. Before he joined Leap Wireless International, Inc., Mr.&nbsp;Moschner was President of the Verizon Card Services
division of Verizon Communications, Inc. from 2000 to 2003, and President of One Point Services at One Point Communications from 1999 to 2000. Mr.&nbsp;Moschner also served at Zenith Electronics Corporation as Director, President and Chief Executive
Officer from 1995 to 1996, and as Director, President and Chief Operating Officer from 1994 to 1995. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Nelson is on the Board of Directors of
Core12, LLC. (since 2008), a private firm which develops branding, marketing, and communications strategies for clients. Mr.&nbsp;Nelson has extensive experience in global banking and markets, having served in several senior executive positions with
ABN AMRO Holdings N.V. and its affiliated entities and predecessors, including LaSalle Bank Corporation from 1996 to 2008, ultimately serving as Chief Executive Officer of ABN AMRO N.V. North America. During his tenure at the bank, he also served as
Global Head of its Financial Markets Division, which encompassed the bank&#146;s Currency, Commodity, Fixed Income, Emerging Markets, and Derivatives businesses. He was a member of the Foreign Exchange Committee of the Federal Reserve Bank of the
United States and during his tenure with ABN AMRO served as the bank&#146;s representative on various committees of The Bank of Canada, European Central Bank, and The Bank of England. Mr.&nbsp;Nelson previously served as a senior, external advisor
to the financial services practice of Deloitte Consulting LLP. (2012-2014). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Young has more than 30 years of experience in the investment
management industry. From 1997 to 2017, he held various positions with J.P. Morgan Investment Management Inc. (&#147;J.P. Morgan Investment&#148;) and its affiliates (collectively, &#147;J.P. Morgan&#148;). Most recently, he served as Chief
Operating Officer and Director of J.P. Morgan Investment (from 2010 to 2016) and as President and Principal Executive Officer of the J.P. Morgan Funds (from 2013 to 2016). As Chief Operating Officer of J.P. Morgan Investment, Mr.&nbsp;Young led
service, administration and business platform support activities for J.P. Morgan&#146;s domestic retail mutual fund and institutional commingled and separate account businesses, <FONT STYLE="white-space:nowrap">and&nbsp;co-led&nbsp;these</FONT>
activities for J.P. Morgan&#146;s global retail and institutional investment management businesses. As President of the J.P. Morgan Funds, Mr.&nbsp;Young interacted with various service providers to these funds, facilitated the relationship between
such funds and their boards, and was directly involved in establishing board agendas, addressing regulatory matters, and establishing policies and procedures. Before joining J.P. Morgan, Mr.&nbsp;Young, a former Certified Public Accountant (CPA),
was a Senior Manager (Audit) with Deloitte&nbsp;&amp; Touche LLP (formerly, Touche Ross LLP), where he was employed from 1985 to 1996. During his tenure there, he actively participated in creating, and ultimately led, the firm&#146;s midwestern
mutual fund practice. </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" ALIGN="center">Nuveen New York Select <FONT STYLE="white-space:nowrap">Tax-Free</FONT> Income Portfolio </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following tables show the amount of fees that KPMG LLP, the Fund&#146;s auditor, billed to the Fund during the Fund&#146;s last two full fiscal years. For
engagements with KPMG LLP the Audit Committee approved in advance all audit services and <FONT STYLE="white-space:nowrap">non-audit</FONT> services that KPMG LLP provided to the Fund, except for those
<FONT STYLE="white-space:nowrap">non-audit</FONT> services that were subject to the <FONT STYLE="white-space:nowrap">pre-approval</FONT> exception under Rule <FONT STYLE="white-space:nowrap">2-01</FONT> of Regulation
<FONT STYLE="white-space:nowrap">S-X</FONT> (the <FONT STYLE="white-space:nowrap">&#147;pre-approval</FONT> exception&#148;). The <FONT STYLE="white-space:nowrap">pre-approval</FONT> exception for services provided directly to the Fund waives the <FONT
STYLE="white-space:nowrap">pre-approval</FONT> requirement for services other than audit, review or attest services if: (A)&nbsp;the aggregate amount of all such services provided constitutes no more than 5% of the total amount of revenues paid by
the Fund to its accountant during the fiscal year in which the services are provided; (B)&nbsp;the Fund did not recognize the services as <FONT STYLE="white-space:nowrap">non-audit</FONT> services at the time of the engagement; and (C)&nbsp;the
services are promptly brought to the Audit Committee&#146;s attention, and the Committee (or its delegate) approves the services before the audit is completed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Audit Committee has delegated certain <FONT STYLE="white-space:nowrap">pre-approval</FONT> responsibilities to its Chair (or, in her absence, any other
member of the Audit Committee). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SERVICES THAT THE FUND&#146;S AUDITOR BILLED TO THE FUND </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">


<TR>

<TD WIDTH="57%"></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Fiscal Year Ended</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Audit&nbsp;Fees</B><br><B>Billed&nbsp;to&nbsp;Fund&nbsp;<SUP STYLE="font-size:75%; vertical-align:top">1</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Audit-Related&nbsp;Fees</FONT></B><br><B>Billed&nbsp;to&nbsp;Fund&nbsp;
<SUP STYLE="font-size:75%; vertical-align:top">2</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Tax&nbsp;Fees</B><br><B>Billed&nbsp;to&nbsp;Fund&nbsp;<SUP STYLE="font-size:75%; vertical-align:top">3</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>All&nbsp;Other&nbsp;Fees</B><br><B>Billed&nbsp;to&nbsp;Fund&nbsp;<SUP STYLE="font-size:75%; vertical-align:top">4</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">February&nbsp;28, 2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">28,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Percentage approved pursuant to <FONT STYLE="white-space:nowrap">pre-approval</FONT>
exception</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">February&nbsp;28, 2022</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">26,740</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Percentage approved pursuant to <FONT STYLE="white-space:nowrap">pre-approval</FONT>
exception</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP> &#147;Audit Fees&#148; are the aggregate fees billed for professional services for the audit of the
Fund&#146;s annual financial statements and services provided in connection with statutory and regulatory filings or engagements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP
STYLE="font-size:75%; vertical-align:top">2</SUP> &#147;Audit Related Fees&#148; are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or review of financial statements that are not
reported under &#147;Audit Fees&#148;. These fees include offerings related to the Fund&#146;s common shares and leverage. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP
STYLE="font-size:75%; vertical-align:top">3</SUP> &#147;Tax Fees&#148; are the aggregate fees billed for professional services for tax advice, tax compliance, and tax planning. These fees include: all global withholding tax services; excise and
state tax reviews; capital gain, tax equalization and taxable basis calculation performed by the principal accountant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP
STYLE="font-size:75%; vertical-align:top">4</SUP> &#147;All Other Fees&#148; are the aggregate fees billed for products and services other than &#147;Audit Fees&#148;, &#147;Audit-Related Fees&#148; and &#147;Tax Fees&#148;. These fees represent all
&#147;Agreed-Upon Procedures&#148; engagements pertaining to the Fund&#146;s use of leverage. </P>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<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">SERVICES THAT THE FUND&#146;S AUDITOR BILLED TO THE </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ADVISER AND AFFILIATED FUND SERVICE PROVIDERS </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following tables show the amount of fees billed by KPMG LLP to Nuveen Fund Advisors, LLC (formerly Nuveen Fund Advisors, Inc.) (the &#147;Adviser&#148;),
and any entity controlling, controlled by or under common control with the Adviser that provides ongoing services to the Fund (&#147;Affiliated Fund Service Provider&#148;), for engagements directly related to the Fund&#146;s operations and
financial reporting, during the Fund&#146;s last two full fiscal years. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The tables also show the percentage of fees subject to the <FONT
STYLE="white-space:nowrap">pre-approval</FONT> exception. The <FONT STYLE="white-space:nowrap">pre-approval</FONT> exception for services provided to the Adviser and any Affiliated Fund Service Provider (other than audit, review or attest services)
waives the <FONT STYLE="white-space:nowrap">pre-approval</FONT> requirement if: (A)&nbsp;the aggregate amount of all such services provided constitutes no more than 5% of the total amount of revenues paid to KPMG LLP by the Fund, the Adviser and
Affiliated Fund Service Providers during the fiscal year in which the services are provided that would have to be <FONT STYLE="white-space:nowrap">pre-approved</FONT> by the Audit Committee; (B)&nbsp;the Fund did not recognize the services as <FONT
STYLE="white-space:nowrap">non-audit</FONT> services at the time of the engagement; and (C)&nbsp;the services are promptly brought to the Audit Committee&#146;s attention, and the Committee (or its delegate) approves the services before the
Fund&#146;s audit is completed. </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">


<TR>

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

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Fiscal Year Ended</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Audit-Related&nbsp;Fees</FONT></B><br><B>Billed&nbsp;to&nbsp;Adviser&nbsp;and</B><br><B>Affiliated&nbsp;
Fund</B><br><B>Service&nbsp;Providers</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Tax&nbsp;Fees</B><br><B>Billed&nbsp;to&nbsp;Adviser&nbsp;and</B><br><B>Affiliated&nbsp;Fund</B><br><B>Service&nbsp;Providers</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>All&nbsp;Other&nbsp;Fees</B><br><B>Billed&nbsp;to&nbsp;Adviser&nbsp;and</B><br><B>Affiliated&nbsp;Fund</B><br><B>Service&nbsp;Providers</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">February&nbsp;28, 2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Percentage approved pursuant to <FONT STYLE="white-space:nowrap">pre-approval</FONT>
exception</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">February&nbsp;28, 2022</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Percentage approved pursuant to <FONT STYLE="white-space:nowrap">pre-approval</FONT>
exception</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><FONT STYLE="white-space:nowrap">NON-AUDIT</FONT> SERVICES </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table shows the amount of fees that KPMG LLP billed during the Fund&#146;s last two full fiscal years for
<FONT STYLE="white-space:nowrap">non-audit</FONT> services. The Audit Committee is required to <FONT STYLE="white-space:nowrap">pre-approve</FONT> <FONT STYLE="white-space:nowrap">non-</FONT> audit services that KPMG LLP provides to the Adviser and
any Affiliated Fund Services Provider, if the engagement related directly to the Fund&#146;s operations and financial reporting (except for those subject to the <FONT STYLE="white-space:nowrap">pre-approval</FONT> exception described above). The
Audit Committee requested and received information from KPMG LLP about any <FONT STYLE="white-space:nowrap">non-audit</FONT> services that KPMG LLP rendered during the Fund&#146;s last fiscal year to the Adviser and any Affiliated Fund Service
Provider. The Committee considered this information in evaluating KPMG LLP&#146;s independence. </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:8pt" ALIGN="center">


<TR>

<TD WIDTH="48%"></TD>

<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Fiscal Year Ended</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Total&nbsp;Non-Audit&nbsp;Fees</FONT></B><br><B>Billed to Fund</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Total&nbsp;Non-Audit&nbsp;Fees</FONT></B><br><B>billed to Adviser
and</B><br><B>Affiliated&nbsp;Fund&nbsp;Service</B><br><B>Providers&nbsp;(engagements</B><br><B>related directly to the</B><br><B>operations&nbsp;and&nbsp;financial</B><br><B>reporting of the Fund)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Total&nbsp;Non-Audit&nbsp;Fees</FONT></B><br><B>billed to Adviser
and</B><br><B>Affiliated&nbsp;Fund&nbsp;Service</B><br><B>Providers (all other</B><br><B>engagements)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">February&nbsp;28, 2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">February&nbsp;28, 2022</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">&#147;Non-Audit</FONT> Fees billed to Fund&#148; for both fiscal year ends represent
&#147;Tax Fees&#148; and &#147;All Other Fees&#148; billed to Fund in their respective amounts from the previous table. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Less than 50&nbsp;percent of the
hours expended on the principal accountant&#146;s engagement to audit the registrant&#146;s financial statements for the most recent fiscal year were attributed to work performed by persons other than the principal accountant&#146;s full-time,
permanent employees. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Audit Committee <FONT STYLE="white-space:nowrap">Pre-Approval</FONT> Policies and Procedures. Generally, the Audit Committee must
approve (i)&nbsp;all <FONT STYLE="white-space:nowrap">non-audit</FONT> services to be performed for the Fund by the Fund&#146;s independent accountants and (ii)&nbsp;all audit and <FONT STYLE="white-space:nowrap">non-audit</FONT> services to be
performed by the Fund&#146;s independent accountants for the Affiliated Fund Service Providers with respect to operations and financial reporting of the Fund. Regarding tax and research projects conducted by the independent accountants for the Fund
and Affiliated Fund Service Providers (with respect to operations and financial reports of the Fund) such engagements will be <FONT STYLE="white-space:nowrap">(i)&nbsp;pre-approved</FONT> by the Audit Committee if they are expected to be for amounts
greater than $10,000; (ii) reported to the Audit Committee chair for her verbal approval prior to engagement if they are expected to be for amounts under $10,000 but greater than $5,000; and (iii)&nbsp;reported to the Audit Committee at the next
Audit Committee meeting if they are expected to be for an amount under $5,000. </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">The registrant&#146;s Board has a separately designated Audit Committee established in accordance with Section&nbsp;3(a)(58)(A) of the Securities Exchange Act
of 1934, as amended (15 U.S.C. 78c(a)(58)(A)). As of the end of the period covered by this report the members of the audit committee are Jack B. Evans, John K. Nelson, Albin F. Moschner, Judith M. Stockdale, Carole E. Stone, Chair, and Robert L.
Young. </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 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="margin-top:1em; margin-bottom:0em; page-break-before:always">
<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;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"><A HREF="d494186dex99proxyvote.htm">Nuveen Fund Advisors, LLC is the registrant&#146;s investment adviser
 (referred to herein as the &#147;Adviser&#148;). The Adviser is responsible for the <FONT STYLE="white-space:nowrap">on-going</FONT> monitoring of the Fund&#146;s investment portfolio, managing the Fund&#146;s business affairs and providing certain
clerical, bookkeeping and administrative services. The Adviser has engaged Nuveen Asset Management, LLC <FONT STYLE="white-space:nowrap">(&#147;Sub-Adviser&#148;)</FONT> as <FONT STYLE="white-space:nowrap">Sub-Adviser</FONT> to provide discretionary
investment advisory services. As part of these services, the Adviser has delegated to the <FONT STYLE="white-space:nowrap">Sub-Adviser</FONT> the full responsibility for proxy voting on securities held in the registrant&#146;s portfolio and related
duties in accordance with the <FONT STYLE="white-space:nowrap">Sub-Adviser&#146;s</FONT> policies and procedures. The Adviser periodically monitors the <FONT STYLE="white-space:nowrap">Sub-Adviser&#146;s</FONT> voting to ensure that it is carrying
out its duties. The <FONT STYLE="white-space:nowrap">Sub-Adviser&#146;s</FONT> proxy voting policies and procedures are attached to this filing as an exhibit and incorporated herein by reference. </A> </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 MANAGER 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">Nuveen Fund Advisors, LLC is the registrant&#146;s investment adviser (also referred to as the &#147;Adviser&#148;). The Adviser is
responsible for the selection and <FONT STYLE="white-space:nowrap">on-going</FONT> monitoring of the Fund&#146;s investment portfolio, managing the Fund&#146;s business affairs and providing certain clerical, bookkeeping and administrative services.
The Adviser has engaged Nuveen Asset Management, LLC (&#147;Nuveen Asset Management&#148; or <FONT STYLE="white-space:nowrap">&#147;Sub-Adviser&#148;)</FONT> as <FONT STYLE="white-space:nowrap">Sub-Adviser</FONT> to provide discretionary investment
advisory services. The following section provides information on the portfolio manager at the <FONT STYLE="white-space:nowrap">Sub-Adviser:</FONT> </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(a)(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">PORTFOLIO MANAGER BIOGRAPHY </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of the date of filing this report, the following individual at the <FONT STYLE="white-space:nowrap">Sub-Adviser</FONT> (the &#147;Portfolio Manager&#148;)
has primary responsibility for the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">day-to-day</FONT></FONT> implementation of the registrant&#146;s investment strategies: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Scott R. Romans</B>, PhD, Managing Director of Nuveen Asset Management, responsible for managing several state-specific,
<FONT STYLE="white-space:nowrap">tax-exempt</FONT> portfolios, including the California Municipal Bond, California High Yield Municipal Bond and the New York Municipal Bond strategies. He also serves as portfolio manager for a number of <FONT
STYLE="white-space:nowrap">closed-end</FONT> funds. Before moving to his portfolio management role in 2003, he was a senior research analyst in the firm&#146;s <FONT STYLE="white-space:nowrap">tax-exempt</FONT> fixed income department, specializing
in the education sector. He holds an undergraduate degree from the University of Pennsylvania, an M.S.F. from the Illinois Institute of Technology Stuart School of Business, and an MA and PhD from the University of Chicago. </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(a)(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">OTHER ACCOUNTS MANAGED BY PORTFOLIO MANAGER </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Other Accounts Managed</I>. In addition to managing the registrant, the Portfolio Manager is also primarily responsible for the <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">day-to-day</FONT></FONT> portfolio management of the following accounts: </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">


<TR>

<TD WIDTH="18%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="57%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Portfolio&nbsp;Manager</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Type&nbsp;of&nbsp;Account</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Managed</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of</B><br><B>Accounts</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Assets*</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Scott R. Romans</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Registered Investment Company</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;13.28&nbsp;billion</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Other Pooled Investment Vehicles</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" 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">Other Accounts</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3.90&nbsp;million</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">* Assets are as of February&nbsp;28, 2023. None of the assets in these accounts are subject to an advisory fee based on
performance. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">POTENTIAL MATERIAL CONFLICTS OF INTEREST </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Actual or apparent conflicts of interest may arise when a portfolio manager has
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">day-to-day</FONT></FONT> management responsibilities with respect to more than one account. More specifically, portfolio managers who manage multiple accounts are presented a number
of potential conflicts, including, among others, those discussed below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The management of multiple accounts may result in a portfolio manager devoting
unequal time and attention to the management of each account. Nuveen Asset Management seeks to manage such competing interests for the time and attention of portfolio managers by having portfolio managers focus on a particular investment discipline.
Most accounts managed by a portfolio manager in a particular investment strategy are managed using the same investment models. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If a portfolio manager
identifies a limited investment opportunity which may be suitable for more than one account, an account may not be able to take full advantage of that opportunity due to an allocation of filled purchase or sale orders across all eligible accounts.
To deal with these situations, Nuveen Asset Management has adopted procedures for allocating limited opportunities across multiple accounts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With respect
to many of its clients&#146; accounts, Nuveen Asset Management determines which broker to use to execute transaction orders, consistent with its duty to seek best execution of the transaction. However, with respect to certain other accounts, Nuveen
Asset Management may be limited by the client with respect to the selection of brokers or may be instructed to direct trades through a particular broker. In these cases, Nuveen Asset Management may place separate,
<FONT STYLE="white-space:nowrap">non-simultaneous,</FONT> transactions for a Fund and other accounts which may temporarily affect the market price of the security or the execution of the transaction, or both, to the detriment of the Fund or the
other accounts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Some clients are subject to different regulations. As a consequence of this difference in regulatory requirements, some clients may not
be permitted to engage in all the investment techniques or transactions or to engage in these transactions to the same extent as the other accounts managed by the portfolio manager. Finally, the appearance of a conflict of interest may arise where
Nuveen Asset Management has an incentive, such as a performance-based management fee, which relates to the management of some accounts, with respect to which a portfolio manager has
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">day-to-day</FONT></FONT> management responsibilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Conflicts of interest may also
arise when the <FONT STYLE="white-space:nowrap">Sub-Adviser</FONT> invests one or more of its client accounts in different or multiple parts of the same issuer&#146;s capital structure, including investments in public versus private securities, debt
versus equity, or senior versus junior/subordinated debt, or otherwise where there are different or inconsistent rights or benefits. Decisions or actions such as investing, trading, proxy voting, exercising, waiving or amending rights or covenants,
workout activity, or serving on a board, committee or other involvement in governance may result in conflicts of interest between clients holding different securities or investments. Generally, individual portfolio managers will seek to act in a
manner that they believe serves the best interest of the accounts they manage. In cases where a portfolio manager or team faces a conflict among its client accounts, it will seek to act in a manner that it believes best reflects its overall
fiduciary duty, which may result in relative advantages or disadvantages for particular accounts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Nuveen Asset Management has adopted certain compliance
procedures which are designed to address these types of conflicts common among investment managers. However, there is no guarantee that such procedures will detect each and every situation in which a conflict arises. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Nuveen Asset Management or its affiliates, including TIAA, sponsor an array of financial products for retirement and other investment goals, and provide
services worldwide to a diverse customer base. Accordingly, from time to time, a Fund may be restricted from purchasing or selling securities, or from engaging in other investment activities because of regulatory, legal or contractual restrictions
that arise due to another client account&#146;s investments and/or the internal policies of Nuveen Asset Management, TIAA or its affiliates designed to comply with such restrictions. As a result, there may be periods, for example, when Nuveen Asset
Management will not initiate or recommend certain types of transactions in certain securities or instruments with respect to which investment limits have been reached. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The investment activities of Nuveen Asset Management or its affiliates may also limit the investment strategies and rights of the Funds. For example, in
certain circumstances where the Funds invest in securities issued by companies that operate in certain regulated industries, in certain emerging or international markets, or are subject to corporate or regulatory ownership definitions, or invest in
certain futures and derivative transactions, there may be limits on the aggregate amount invested by Nuveen Asset Management or its affiliates for the Funds and other client accounts that may not be exceeded without the grant of a license or other
regulatory or corporate consent. If certain aggregate ownership thresholds are reached or certain transactions undertaken, the ability of Nuveen Asset Management, on behalf of the Funds or other client accounts, to purchase or dispose of investments
or exercise rights or undertake business transactions may be restricted by regulation or otherwise impaired. As a result, Nuveen Asset Management, on behalf of the Funds or other client accounts, may limit purchases, sell existing investments, or
otherwise restrict or limit the exercise of rights (including voting rights) when Nuveen Asset Management, in its sole discretion, deems it appropriate in light of potential regulatory or other restrictions on ownership or other consequences
resulting from reaching investment thresholds. </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(a)(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">FUND MANAGER COMPENSATION </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of the most recently completed fiscal year end, the primary Portfolio Manager&#146;s compensation is as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Portfolio manager compensation consists primarily of base salary and variable components consisting of (i)&nbsp;a cash bonus; (ii)&nbsp;a long-term
performance award; and (iii)&nbsp;participation in a profits interest plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Base salary</I>. A portfolio manager&#146;s base salary is determined
based upon an analysis of the portfolio manager&#146;s general performance, experience and market levels of base pay for such position. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Cash
bonus</I>. A portfolio manager is eligible to receive an annual cash bonus that is based on three variables: risk-adjusted investment performance relative to benchmark generally measured over the most recent one, three and five year periods (unless
the portfolio manager&#146;s tenure is shorter), ranking versus Morningstar peer funds generally measured over the most recent one, three and five year periods (unless the portfolio manager&#146;s tenure is shorter), and management and peer reviews.
</P>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<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"><I>Long-term performance award</I>. A portfolio manager is eligible to receive a long-term performance award that
vests after three years. The amount of the award when granted is based on the same factors used in determining the cash bonus. The value of the award at the completion of the three-year vesting period is adjusted based on the risk-adjusted
investment performance of Fund(s) managed by the portfolio manager during the vesting period and the performance of the TIAA organization as a whole. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Profits interest plan</I>. Portfolio managers are eligible to receive profits interests in Nuveen Asset Management and its affiliate, Teachers Advisors,
LLC, which vest over time and entitle their holders to a percentage of the firms&#146; annual profits. Profits interests are allocated to each portfolio manager based on such person&#146;s overall contribution to the firms. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There are generally no differences between the methods used to determine compensation with respect to the Fund and the Other Accounts shown in the table
above. </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(a)(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">OWNERSHIP OF NXN SECURITIES AS OF FEBRUARY&nbsp;28, 2023 </P></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:8pt" ALIGN="center">


<TR>

<TD WIDTH="57%"></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Name of Portfolio Manager</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>None</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>$1-</B><br><B>$10,000&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">$10,001-</FONT></B><br><B>$50,000</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">$50,001-</FONT></B><br><B>$100,000</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">$100,001-</FONT></B><br><B>$500,000</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">$500,001-</FONT></B><br><B>$1,000,000</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Over&nbsp;$1,000,000</B></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Scott R. Romans</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">X</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></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;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="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;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 because the code is posted
on registrant&#146;s website at www.nuveen.com/fund-governance and there were no amendments during the period covered by this report. (To view the code, click on Code of Conduct.) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><A HREF="d494186dex99cert.htm">(a)(2) A separate certification for each principal executive officer and principal financial officer of the registrant as required
 by Rule <FONT STYLE="white-space:nowrap">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: <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="d494186dex99906cert.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. <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">
<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 New York Select <FONT STYLE="white-space:nowrap">Tax-Free</FONT>
Income Portfolio </P> <P STYLE="font-size:12pt;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="53%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By&nbsp;(Signature&nbsp;and&nbsp;Title)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Mark L. Winget</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Mark L. Winget</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Vice&nbsp;President&nbsp;and&nbsp;Secretary</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: May&nbsp;5, 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="53%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>By (Signature and Title)&nbsp;&nbsp;</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: May&nbsp;5, 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="52%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="45%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>By (Signature and Title)&nbsp;&nbsp;</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;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 financial officer)</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: May&nbsp;5, 2023 </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>d494186dex99cert.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">

 <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 New York Select <FONT
STYLE="white-space:nowrap">Tax-Free</FONT> Income Portfolio; </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: May&nbsp;5, 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">
<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 New York Select <FONT STYLE="white-space:nowrap">Tax-Free</FONT> Income Portfolio; </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: May&nbsp;5, 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 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-99.906 CERT
<SEQUENCE>3
<FILENAME>d494186dex99906cert.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">

 <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 New York Select <FONT
STYLE="white-space:nowrap">Tax-Free</FONT> Income Portfolio (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 February&nbsp;28, 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: May&nbsp;5, 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">David J. Lamb</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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="bottom" ALIGN="center">(principal executive officer)</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">E. Scott Wickerham</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center">Vice President, Controller</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center">(principal financial officer)</TD></TR>
</TABLE></DIV>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.PROXYVOTE
<SEQUENCE>4
<FILENAME>d494186dex99proxyvote.htm
<DESCRIPTION>EX-99.PROXYVOTE
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.PROXYVOTE</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:24pt" ALIGN="center">


<TR>

<TD WIDTH="90%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" BGCOLOR="#00a9df"> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:24pt; font-family:ARIAL"><FONT COLOR="#fcfcfc">&nbsp;&nbsp;Nuveen Proxy Voting Policy</FONT></P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" ALIGN="center">


<TR>

<TD WIDTH="73%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:14pt">
<TD VALIGN="top"><FONT COLOR="#005eb8"><B>Policy Purpose and Statement</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#005eb8">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#005eb8">Applicability</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">Proxy voting is the primary means by which shareholders may influence a publicly
traded company&#146;s governance and operations and thus create the potential for value and positive long-term investment performance. When an SEC registered investment adviser has proxy voting authority, the adviser has a fiduciary duty to vote
proxies in the best interests of its clients and must not subrogate its clients&#146; interests to its own. In their capacity as fiduciaries and investment advisers, Nuveen Asset Management, LLC (&#147;NAM&#148;), Teachers Advisors, LLC
(&#147;TAL&#148;) and TIAA-CREF Investment Management, LLC (&#147;TCIM&#148;), (each an &#147;Adviser&#148; and collectively, the &#147;Advisers&#148;), vote proxies for the Portfolio Companies held by their respective clients, including investment
companies and other pooled investment vehicles, institutional and retail separate accounts, and other clients as applicable. The Advisers have adopted this Policy, the Nuveen Proxy Voting Guidelines, and the Nuveen Proxy Voting Conflicts of Interest
Policy for voting the proxies of the Portfolio Companies they manage. The Advisers leverage the expertise and services of an internal group referred to as the Responsible Investing Team (RI Team) to administer the Advisers&#146; proxy voting. The RI
Team adheres to the Advisers&#146; Proxy Voting Guidelines which are reasonably designed to ensure that the Advisers vote client securities in the best interests of the Advisers&#146; clients.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.70em; font-size:10pt; font-family:ARIAL">This Policy applies to Nuveen employees acting on behalf of
Nuveen Asset Management, LLC, Teachers Advisors, LLC, and TIAA-CREF Investment Management, LLC</P></TD></TR>
</TABLE> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="73%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt">


<TR>

<TD WIDTH="2%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="97%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:14pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#e3f6fa">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e3f6fa"> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#005eb8">Policy Statement</FONT></P></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e3f6fa">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e3f6fa"> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-right:1.00em; font-size:10pt; font-family:ARIAL">Proxy voting is a key component of a
Portfolio Company&#146;s corporate governance program and is the primary method for exercising shareholder rights and influencing the Portfolio Company&#146;s behavior. Nuveen makes informed voting decisions in compliance with Rule <FONT
STYLE="white-space:nowrap">206(4)-6</FONT> (the &#147;Rule&#148;) of the Investment Advisers Act of 1940, as amended (the &#147;Advisers Act&#148;) and applicable laws and regulations, (e.g., the Employee Retirement Income Security Act of 1974,
&#147;ERISA&#148;).</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">Confidential (C) </P>


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

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#005eb8"><B>Enforcement </B></FONT></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">As provided in the TIAA Code of Business Conduct, all employees are expected to comply with applicable laws and regulations, as well as the relevant policies, procedures
and compliance manuals that apply to Nuveen&#146;s business activities. Violation of this Policy may result in disciplinary action up to and including termination of employment. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#005eb8"><B>Terms and Definitions </B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B><I>Advisory
Personnel</I></B><I> </I>includes the Adviser&#146;s portfolio managers and/or research analysts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B><I>Proxy Voting Guidelines</I></B><I> (the
&#145;&#146;Guidelines&#146;&#146;) </I>are a set of <FONT STYLE="white-space:nowrap">pre-determined</FONT> principles setting forth the manner in which the Advisers intend to vote on specific voting categories, and serve to assist clients,
Portfolio Companies, and other interested parties in understanding how the Advisers intend to vote on proxy-related matters. The Guidelines are not exhaustive and do not necessarily dictate how the Advisers will ultimately vote with respect to any
proposal or resolution. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B><I>Portfolio Company</I></B><I> </I>includes any publicly traded company held in an account that is managed by an Adviser. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#005eb8"><B>Policy Requirements </B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Investment advisers, in
accordance with the Rule, are required to (i)&nbsp;adopt and implement written policies and procedures that are reasonably designed to ensure that proxies are voted in the best interest of clients, and address resolution of material conflicts that
may arise, (ii)&nbsp;describe their proxy voting procedures to their clients and provide copies on request, and (iii)&nbsp;disclose to clients how they may obtain information on how the Advisers voted their proxies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Nuveen Proxy Voting Committee (the &#147;Committee&#148;), the Advisers, the RI Team and Nuveen Compliance are subject to the respective requirements outlined below
under Roles and Responsibilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Although it is the general policy to vote all applicable proxies received in a timely fashion with respect to securities selected
by an Adviser for current clients, the Adviser may refrain from voting in certain circumstances where such voting would be disadvantageous, materially burdensome or impractical, or otherwise inconsistent with the overall best interest of clients.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#005eb8"><B>Roles and Responsibilities </B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT
 COLOR="#005eb8">Nuveen Proxy Voting Committee </FONT></P> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The purpose of the Committee is to establish a governance framework to oversee the proxy voting activities of
the Advisers in accordance with the Policy. The Committee has delegated responsibility for the implementation and ongoing administration of the Policy to the RI Team, subject to the Committee&#146;s ultimate oversight and responsibility as outlined
in the Committee&#146;s Proxy Voting Charter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#005eb8">Advisers </FONT></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">1.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Advisory Personnel maintain the ultimate decision-making authority with respect to how proxies will be voted, unless otherwise instructed by a client, and may determine to vote contrary to the Guidelines and/or a vote
recommendation of the RI Team if such Advisory Personnel determines it is in the best interest of the Adviser&#146;s clients to do so. The rationale for all such contrary vote determinations will be documented and maintained. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">Confidential (C) </P>


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


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">2.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">When voting proxies for different groups of client accounts, Advisory Personnel may vote proxies held by the respective client accounts differently depending on the facts and circumstances specific to such client
accounts. The rationale for all such vote determinations will be documented and maintained. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">3.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Advisory Personnel must comply with the Nuveen Proxy Voting Conflicts of Interest Policy with respect to potential material conflicts of interest. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#005eb8">Responsible Investing Team </FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">1.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Performs <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">day-to-day</FONT></FONT> administration of the Advisers&#146; proxy voting processes. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">2.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Seeks to vote proxies in adherence to the Guidelines, which have been constructed in a manner intended to align with the best interests of clients. In applying the Guidelines, the RI Team, on behalf of the Advisers,
takes into account several factors, including, but not limited to: </TD></TR></TABLE> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Input from Advisory Personnel </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Third party research </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Specific Portfolio Company context, including environmental, social and governance practices, and financial performance.
</P></TD></TR></TABLE> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">3.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Delivers copies of the Advisers&#146; Policy to clients and prospective clients upon request in a timely manner, as appropriate. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">4.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Assists with the disclosure of proxy votes as applicable on corporate websites and elsewhere as required by applicable regulations. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">5.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Prepares reports of proxies voted on behalf of the Advisers&#146; investment company clients to their Boards or committees thereof, as applicable. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">6.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Performs an annual vote reconciliation for review by the Committee. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">7.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Arranges the annual service provider due diligence, including a review of the service provider&#146;s potential conflicts of interests, and presents the results to the Committee. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">8.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Facilitates quarterly Committee meetings, including agenda and meeting minute preparation. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">9.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Complies with the Nuveen Proxy Voting Conflicts of Interest Policy with respect to potential material conflicts of interest. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">10.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Creates and retains certain records in accordance with Nuveen&#146;s Record Management program. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">11.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Oversees the proxy voting service provider in making and retaining certain records as required under applicable regulation. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">12.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Assesses, in cooperation with Advisory Personnel, whether securities on loan should be recalled in order to vote their proxies. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#005eb8">Nuveen Compliance </FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">1.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Ensures proper disclosure of Advisers&#146; Policy to clients as required by regulation or otherwise. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">2.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Ensures proper disclosure to clients of how they may obtain information on how the Advisers voted their proxies. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">3.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Assists the RI Team with arranging the annual service provider due diligence and presenting the results to the Committee. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; 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">4.</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Monitors for compliance with this Policy and retains records relating to its monitoring activities pursuant to Nuveen&#146;s Records Management program. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#005eb8"><B>Governance </B></FONT></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#005eb8">Review and
Approval </FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">This Policy will be reviewed at least annually and will be updated sooner if substantive changes are necessary. The Policy Leader, the Committee and
the NEFI Compliance Committee are responsible for the review and approval of this Policy.&nbsp;&nbsp;&nbsp;&nbsp; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="right">3 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">Confidential (C) </P>


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

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#005eb8">Implementation </FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Nuveen has established the Committee to provide centralized management and oversight of the proxy voting process administered by the RI Team for the Advisers in
accordance with its Proxy Voting Committee Charter and this Policy. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#005eb8">Exceptions </FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Any request for a proposed exception or variation to this Policy will be submitted to the Committee for approval and reported to the appropriate governance committee(s),
where appropriate. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#005eb8"><B>Related Documents </B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Nuveen Proxy Voting Committee Charter </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Nuveen Proxy Voting Guidelines </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Nuveen Proxy Voting Conflicts of Interest Policy and Procedures </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Nuveen Policy Statement on Responsible Investing </P></TD></TR></TABLE>
<P STYLE="font-size:90pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="25%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="74%"></TD></TR>


<TR BGCOLOR="#004687" STYLE="font-size:1px; font-family:ARIAL; font-size:14pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"><FONT STYLE="font-size:14pt">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"><FONT STYLE="font-size:14pt">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:8pt ;BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;&nbsp;&nbsp;&nbsp;Policy&nbsp;Adoption&nbsp;Date</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:8pt ;BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">February&nbsp;3, 2020</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:8pt ;BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;&nbsp;&nbsp;&nbsp;Current Policy Effective Date</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:8pt ;BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">October&nbsp;1, 2022</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:8pt ;BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;&nbsp;&nbsp;&nbsp;Current&nbsp;Policy&nbsp;Approval&nbsp;Date&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:8pt ;BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">August&nbsp;31, 2022</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:8pt ;BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;&nbsp;&nbsp;&nbsp;Policy Owner</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:8pt ;BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Nuveen Proxy Voting Committee</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:8pt ;BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;&nbsp;&nbsp;&nbsp;Policy Leader</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:8pt ;BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Managing Director, Nuveen Compliance</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:2pt ;BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;&nbsp;&nbsp;&nbsp;Policy&nbsp;Portal&nbsp;Administration</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:2pt ;BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Leader: Managing Director, Nuveen
Compliance</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL">Owner: Managing Director, Head of Affiliate Compliance</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:8pt ;BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;&nbsp;&nbsp;&nbsp;Criticality/Tier</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:8pt ;BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Moderate</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="right">4 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">Confidential (C) </P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
