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HomeMy WebLinkAboutFY21-22- WELLS FARGO SECURITIES-39OF FINANCE DATE PIC -1): _AL 0 1^ 2021 ROU r, TO--_ C07Y TO: County of Hawaii Notice to Providers of Professional Services (HRS 103D-304) Statement of Qualification and Expression of Interest to Provide Public Finance Bond Underwriting Services June 30, 2021 Corporate and Investment Banking Public Finance Group 333 S. Grand Ave., 51b Floor Los Angeles, CA 90071 June 30, 2021 Ms. Deanna Sako Director of Finance County of Hawaii 25 Aupuni Street, Suite 2103 Hilo, Hawaii 96720 RE: Statement of Qualification to Provide Public Finance Bond Underwriting Services Dear Deanna: Thank you for this opportunity to present our statement of qualifications and expression of interest to provide public finance bond underwriting services to the County of Hawaii (the "County"). Wells Fargo Securities ("Wells Fargo' or "WFS") is committed to providing governmental entities with a full range of financial services. Below we highlight some of our Firm's key attributes that we believe would make us a valuable financial partner to the County. Commitment to Municipalities in the State of Hawaii. Since 2012, our Firm has had the privilege of serving Hawaii issuers including the State, State Department of Transportation and the County of Maui on over $4 billion of GO Bonds and $1 billion of the Department of Transportation Revenue Bonds. Additionally, WFS is currently mandated to serve as Sole Manager for the County of Maui's upcoming $80 million General Obligation Bond issuance which is scheduled to come to market later this year.' Local Presence. Wells Fargo & Company ("WFC" 1 is proud to be one of a few national financial institutions to maintain a local presence across the islands. Wells Fargo Clearing Services, LLC, our retail brokerage affiliate, provides financial advisory services to residents throughout the islands. Our national retail platform of nearly 10,000 financial advisors includes 39 financial advisors in the State of Hawaii. These local financial advisors manage approximately $5.3 billion of assets for residents within the State' While Wells Fargo Securities is a national firm, we focus our business by regional concentration. #1 Underwriter During COVID-19 Market Reopening. Amidst investor uncertainty, global COVID-19 fears, and volatile markets, WFS demonstrated conviction and leadership in the reopening of the municipal market. In fact, WFS served as an underwriter on nearly 38% of large transactions between March 16, 2020 to April 24, 2020.3 Even through the volatility, WFS was able to execute transactions at favorable spreads for our clients. In addition, WFS continued to provide liquidity in the secondary market. As volatility entered the municipal market in March 2020, WFS executed nearly 4x more trades for par over $1 million and increased our percentage of adjusted MSRB trades from 5.7% to 8.2% month -over month. In addition, as of June 2021, Wells Fargo & Company has the third largest market capitalization of all domestic banks. Capital Power. As a bank dealer, WFS has access to the capital base of Wells Fargo Bank, N.A., which as of March 31, 2021, totaled approximately $171 billion'. This capital strength clearly differentiates us from our competitors, giving us the ability to support our pricings in even extremely volatile market conditions, as proven through the market reopening upon COVID-19. i Preliminary par amount subject to change Source- Wells Fargo Clearing Services, LLC as of March 31, 2021 `Source- Securities Data Corp. Platinum, includes negotiated par over $40 million, full credit to senior manager -Bloomberg, EMMA. All WFS and market trading statistics herein include onlytradeswith par values>EIMM. and exclude new issue transactions and transactions involving variable rate demand notes. Source. Bloomberg as of June 29, 2021 ¢ Source: W FBNA Call Report as of March 31, 2021 - Total Equity Capital County of Hawaii June 30, 2021 Thank you again for this opportunity to present our qualifications to the County of Hawaii. I hope our response demonstrates our strong interest in having the opportunity to support the County. Should you have any questions, please do not hesitate to contact me directly at the number or e-mail address provided below. Sincerely, Julia Kim Director, West Region (213) 253-72521 iulia.kim65)wellsfargo.com Appendix Tab Appendix I — Deal List Important Information & Disclaimer This document and any other materials accompanying this document (collectively, the "Materials") are provided for general informational purposes only. By accepting any Materials, the recipient acknowledges and agrees to the matters set forth below. We -is Fargo Secur t es ("WFS") is the trade name for certain securities related capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including but not limited to Wells Fargo Bank, N.A., acting through its Municipal Finance Group. Commercial banking products and services are provided by Wells Fargo Bank, N.A ("WFBNA'). Investment banking and capital markets products and services prov ded by Wells Fargo Securities, are not a condition to any banking product or service. Derivatives products (including "swaps" as defined in and subject to the Commodity Exchange Act ("CEA") and Commodity Futures Trading Commission ("CFTC") regulations and (ii) "security -based swaps", ("SBS") as defined in and subject to the Securities and Exchange Act of 1934 ("SEA") and SEC regulations thereunder) are transacted through WFBNA, a CFTC provisionally -registered swap dealer and member of the NFA. Transactions in physical commodities are transacted through Wells Fargo Commodities, LLC, a wholly-owned subsidiary of Wells Fargo & Company. WFBNA, as potential derivatives provider, and WFS, as potential underwriter or placement agent (together with any of its affiliates as context may require, "we", or "Wells Fargo") are providing the information contained in the Materials for discussion purposes only in anticipation of, or in connection with, engaging in arm's length commercial transactions with you in which Wells Fargo would be acting solely as a principal or agent, as applicable, and not as a municipal advisor, financial advisor or fiduciary to you or any other person or entity regardless of whether we, or an affiliate has or is currently acting as such on a separate transaction (the use of the term "agent" does not imply any fiduciary relationship). These Materials are being provided to you for the purpose of working with you as an underwriter or placement agent (collectively, "underwriter") and/or derivatives provider on the transaction(s) described in the Materials. As part of its services as underwriter, WFS may provide information concerning the structure, timing, terms, and other similar matters concerning the issue of municipal securities that WFS proposes to underwrite as described in the Materials. The Materials may also contain such information. Any such information has been, and would be, provided by WFS in the context of serving as an underwriter and not as your municipal or financial advisor. Additionally, WFBNA, as derivatives provider, and WFS, as underwriter, have financial and other interests that differ from your interests (or those of the issuer). In its capacity as underwriter, WFS' primary role would be to purchase securities from you (or the issuer in the case of a conduit transaction) for resale to investors, or arrange for the placement of securities with investors on your behalf. Wells Fargo will not have any duties or liability to any person or entity in connection with the information being provided in the Materials. The information provided herein is not intended to be and should not be construed as advice within the meaning of Section ISS of the Securities Exchange Act of 1934, and Wells Fargo wi;l not be acting as your municipal advisor under the municipal advisor rules ("Muni Advisor Rules") of the Securities and Exchange Commission ("SEC") and the SEC's guidance in its Registration of Municipal Advisors Frequently Asked Questions dated May 19, 2014, as supplemented (collectively, "Muni Advisor Rules"). Please be advised that any information in the Materials regarding municipal derivatives is being provided by WFBNA as a swap dealer and that any swap offered or recommended in the Materials is being offered or recommended by WFBNA as a swap dealer. No part of the Materials is intended to be and should not be construed as an offer or recommendation of a municipal derivatives service or product by WFS, as underwriter, for purposes of Municipal Securities Rulemaking Board Rule G-17, or otherwise. You should consult with your own financial and/or municipal, legal, accounting, tax, and other advisors, as applicable, to the extent you deem appropriate. If you would like a municipal advisor that has legal fiduciary duties to you, you are certainly free to engage a municipal advisor to serve in that capacity. Transactions referenced in the Materials which are attributed to Wells Fargo or to WFS may include transactions executed by a Wachovia Corporation or Wells Fargo & Company broker-dealer affiliate or by other municipal securities dealers and/or broker-dealers which were acquired by Wachovia Corporation or WFC. WFS distributes municipal securities to institutional investors primarily through Wells Fargo Bank, N.A. Municipal Finance Group ("WFBNA MFG") and Wells Fargo Securities, LLC ("WFSLLC"). Distribution to middle market clients is provided primarily through WFSLLC. Retail distribution is primarily provided by Wells Fargo Advisors, which is the trade name used by Wells Fargo Clearing Services, LLC ("WFCS") and Wells Fargo Advisors Financial Network, LLC `,\ : Fargo %V(UrinC, COliNTV of H 1\\'AII P(-Bl.lc; FINANC4: BOND U1 DI-',RNX'R YlNG — HRS 103D-304 TABLE OF CONTENTS Statement of Qualifications Page 1. The name of the firm or person, contact information including email address, the principal place of 1 business, and location of all of its offices; 2. The age of the firm and its average number of employees over the past five years; 2 3. The education, training, and qualifications of the individual, or if a firm, its key employees in accordance 2 with MRS 103D-304 and/or the professional and scientific occupation series contained in the United States Office of Personnel Management's Qualifications Standards Handbook 4. A list of recent projects and the names of up to five clients who may be contacted, including at least two 3 for whom services were rendered during the preceding year; and 5. Any promotional or descriptive literature which the individual or firm desires to submit. 4 Appendix Tab Appendix I — Deal List Important Information & Disclaimer This document and any other materials accompanying this document (collectively, the "Materials") are provided for general informational purposes only. By accepting any Materials, the recipient acknowledges and agrees to the matters set forth below. We -is Fargo Secur t es ("WFS") is the trade name for certain securities related capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including but not limited to Wells Fargo Bank, N.A., acting through its Municipal Finance Group. Commercial banking products and services are provided by Wells Fargo Bank, N.A ("WFBNA'). Investment banking and capital markets products and services prov ded by Wells Fargo Securities, are not a condition to any banking product or service. Derivatives products (including "swaps" as defined in and subject to the Commodity Exchange Act ("CEA") and Commodity Futures Trading Commission ("CFTC") regulations and (ii) "security -based swaps", ("SBS") as defined in and subject to the Securities and Exchange Act of 1934 ("SEA") and SEC regulations thereunder) are transacted through WFBNA, a CFTC provisionally -registered swap dealer and member of the NFA. Transactions in physical commodities are transacted through Wells Fargo Commodities, LLC, a wholly-owned subsidiary of Wells Fargo & Company. WFBNA, as potential derivatives provider, and WFS, as potential underwriter or placement agent (together with any of its affiliates as context may require, "we", or "Wells Fargo") are providing the information contained in the Materials for discussion purposes only in anticipation of, or in connection with, engaging in arm's length commercial transactions with you in which Wells Fargo would be acting solely as a principal or agent, as applicable, and not as a municipal advisor, financial advisor or fiduciary to you or any other person or entity regardless of whether we, or an affiliate has or is currently acting as such on a separate transaction (the use of the term "agent" does not imply any fiduciary relationship). These Materials are being provided to you for the purpose of working with you as an underwriter or placement agent (collectively, "underwriter") and/or derivatives provider on the transaction(s) described in the Materials. As part of its services as underwriter, WFS may provide information concerning the structure, timing, terms, and other similar matters concerning the issue of municipal securities that WFS proposes to underwrite as described in the Materials. The Materials may also contain such information. Any such information has been, and would be, provided by WFS in the context of serving as an underwriter and not as your municipal or financial advisor. Additionally, WFBNA, as derivatives provider, and WFS, as underwriter, have financial and other interests that differ from your interests (or those of the issuer). In its capacity as underwriter, WFS' primary role would be to purchase securities from you (or the issuer in the case of a conduit transaction) for resale to investors, or arrange for the placement of securities with investors on your behalf. Wells Fargo will not have any duties or liability to any person or entity in connection with the information being provided in the Materials. The information provided herein is not intended to be and should not be construed as advice within the meaning of Section ISS of the Securities Exchange Act of 1934, and Wells Fargo wi;l not be acting as your municipal advisor under the municipal advisor rules ("Muni Advisor Rules") of the Securities and Exchange Commission ("SEC") and the SEC's guidance in its Registration of Municipal Advisors Frequently Asked Questions dated May 19, 2014, as supplemented (collectively, "Muni Advisor Rules"). Please be advised that any information in the Materials regarding municipal derivatives is being provided by WFBNA as a swap dealer and that any swap offered or recommended in the Materials is being offered or recommended by WFBNA as a swap dealer. No part of the Materials is intended to be and should not be construed as an offer or recommendation of a municipal derivatives service or product by WFS, as underwriter, for purposes of Municipal Securities Rulemaking Board Rule G-17, or otherwise. You should consult with your own financial and/or municipal, legal, accounting, tax, and other advisors, as applicable, to the extent you deem appropriate. If you would like a municipal advisor that has legal fiduciary duties to you, you are certainly free to engage a municipal advisor to serve in that capacity. Transactions referenced in the Materials which are attributed to Wells Fargo or to WFS may include transactions executed by a Wachovia Corporation or Wells Fargo & Company broker-dealer affiliate or by other municipal securities dealers and/or broker-dealers which were acquired by Wachovia Corporation or WFC. WFS distributes municipal securities to institutional investors primarily through Wells Fargo Bank, N.A. Municipal Finance Group ("WFBNA MFG") and Wells Fargo Securities, LLC ("WFSLLC"). Distribution to middle market clients is provided primarily through WFSLLC. Retail distribution is primarily provided by Wells Fargo Advisors, which is the trade name used by Wells Fargo Clearing Services, LLC ("WFCS") and Wells Fargo Advisors Financial Network, LLC `,\ : Fargo %V(UrinC, COI NIti oI Hk Pum IC FINANCE BOND UNDF.RWRI'l ING-- HRS 103D ("WFAFN"), two non-bank separate registered broker-dealers (members FINRA and SIPC). WFSLLC, WFBNA MFG, WFCS, and WFAFN are affiliates and are each wholly owned subsidiaries of WFC. Any municipal underwriting, commercial paper and remarketing rankings referenced herein represent combined totals for WFBNA MFG and WFSLLC. Non municipal underwriting, commercial paper and remarketing rankings referenced herein represent totals for WFSLLC only. Source information for any ranking information not otherwise provided herein is available on request. Any rankings referencing competitive municipal new issues for time periods prior to 2011 include issues underwritten by WFCS. Underwriting activities of WFCS are not managed or otherwise controlled by WFBNA MFG or WFSLLC. If the Materials are being provided to you under any of the following events, the information contained in the Materials and any subsequent discussions between us, including any and all information, advice, recommendations, opinions, indicative pricing, quotations and analysis with respect to any municipal financial product or issuance of municipal securities, are provided to you in reliance upon the Swap Dealer, Bank, RFP, IRMA exemptions and underwriter exclusion, as applicable, provided under the Muni Advisor Rules. In the event the Swap Dealer, Bank, RFP, IRMA exemptions, or underwriter exclusion do not apply, the information included in the Materials are provided in reliance on the general information exclusion to advice under the Muni Advisor Rules. In the event that you have provided us with your written representation in form and substance acceptable to WFBNA that you are represented by a "qualified independent representative" as defined in the Commodity Exchange Act ("CEA") with respect to any municipal derivative or trading strategy involving municipal derivatives described in the Materials, we have provided you with our written disclosure that we are not acting as an advisor to you with respect to the municipal derivative or trading strategy pursuant to Section 4s(h)(4) of the CEA and the rules and regulations thereunder, and have taken certain other steps to establish the "Swap Dealer exemption" under the Muni Advisor Rules. Any information related to a bank -purchased bond transaction ("Direct Purchase") included in the Materials is a product offering of WFBNA or a subsidiary thereof ("Purchaser") as purchaser / investor. WFS will not participate in any manner in any Direct Purchase transaction between you and Purchaser, and Wells Fargo employees involved with a Direct Purchase transaction are not acting on behalf of or as representatives of WFS. The information contained herein regarding Purchaser's Direct Purchase is being provided to you by WFS only for purposes of providing financing alternatives that may be available to you from WFC and its affiliates. Information contained in this document regarding Direct Purchase is for discussion purposes only in anticipation of engaging in arm's length commercial transactions with you in which Purchaser would be acting solely as a principal to purchase securities from you or a conduit issuer, and not as a municipal advisor, financial advisor or fiduciary to you or any other person or entity regardless of whether Purchaser, or an affiliate has or is currently acting as such on a separate transaction. Additionally, Purchaser has financial and other interests that differ from your interests. Purchaser's sole role would be to purchase securities from you (or the conduit issuer). Any information relating to a Direct Purchase is being provided to you pursuant to and in reliance on the "Bank exemption" under the Muni Advisor Rules and the general information exclusion to advice under the Muni Advisor Rules. In the event the Materials are being provided in connection with a RFP, the SEC exempts from the definition of municipal advisor "any person providing a response in writing or orally to a request for proposals or qualifications from a municipal entity or obligated person for services in connection with a municipal financial product or the issuance of municipal securities; provided however, that such person does not receive separate direct or indirect compensation for advice provided as part of such response" ("RFP exemption"). In such event, we have relied upon the RFP exemption, and on your distribution and execution of this RFP through a competitive process. In the event WFBNA MFG is the party providing the Materials responses to all questions, certifications, attestations, information requests, and sim lar in the RFP or RFQ to wh ch this response relates are specifically limited to, in context of, and as applied to, WFBNA MFG in its capacity as a separately identifiable department of a national bank that is registered as a municipal securities dealer with the Securities and Exchange Commission, Office of the Comptrol er of the Currency, and Municipal Securities Rulemaking Board; and not on behalf of Wells Fargo Bank, N.A., unless specified othenAhse in our response. In the event that you have provided us with your written representation that you are represented by an ndependent registered municipal advisor (an "IRMA") within the meaning of the Muni Advisor Rules, with respect to the transactions) descr bed in the Materials we have provided you with our written disclosure that we are not a munidpal advisor to you and are not subject to the fiduciary duty under the Muni Advisor Rules, if applicable, and have taken certain other steps tro- establish the "IRMA exemption" under the Muni Advisor Rules. In the event that you have engaged us to serve as an underwriter with respect to the municipal securities issuance described in the Materials we have provided you with our written disclosure regarding our role as an underwr ter, that we are not a municipal advisor to you and are not subject to the fiduciary duty under the Muni Advisor Rules, if applicable. If savings threshold level information is conta. ned herein, please be advised that WFS is not recommending nor providing advice regarding which maturities should be refunded by you. See additiona important disclosures at the end of the Materials. \C Lllz� I .krLzo ticcunnc: County of Hawaii Public Finance Bond Underwriting — HRS 103D-304 1. The name of the firm or person, contact information including email address, the principal place of business, and location of all of its offices_ Wells Fargo & Co. is a publicly held corporation and trades on the NYSE under the ticker "WFC." Wells Fargo & Co. opened for business on July 13, 1852 and has grown into a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance. Wells Fargo & Co. was incorporated on January 24, 1929 in the State of Delaware and is currently the nation's 311 largest financial institutions in total deposits (2020 FDIC data) and 61h in total assets (2020 Fortune), and has more than 6,900 financial centers across the country.' We currently have a market capitalization of $197.9 billion, which is the third largest amongst all U.S. Banks.' Wells Fargo Securities ("WFS") is the trade name for certain securities -related capital markets and investment banking services of Wells Fargo & Co. and its subsidiaries, including Wells Fargo Bank, N.A. ("WFBNA"). WFBNA is registered with the SEC and OCC as a municipal securities dealer. WFBNA will be the legal entity serving as underwriter for the County of Hawaii. Public Finance. Wells Fargo conducts its publicfinance business in its Municipal Finance Group in close conjunction with other lines of business that cover government entities. Our investment banking, capital markets, and commercial banking teams work collaboratively to ensure that our clients are provided with an integrated team that can provide a range of solutions. For the County, this means that all activities including investment banking, direct purchases, credit, and treasury management products are accessed through one team working together to ensure the County receives the highest level of service. Julia Kim will continue to serve as the team leader and primary contact Julia Kim to the County. Julia joined WFS in May of 2009 after her five year tenure Director with Banc of America Securities' Public Finance Investment Banking Public Finance Investment Banking group. She has 16 years of municipal finance experience and has worked on over $100 billion of financings for various types of credits from Corporate& Investment Banking general obligation bonds, revenue bonds, certificates of participation 333 South Grand Ave., 5" Floor and lease revenue bonds, enterprise and utility revenue bonds, short- Los Angeles, CA 90071 term cash flow borrowings, and direct purchases with issuers including Tel 213-253-7252 9 P g Fax 213-253-7240 the states of Hawaii, California, and Washington, various counties, cities, •ulia.kim@wellsfar o.com and school districts. Julia has dedicated her efforts to support over $5 billion of transactions within the State of Hawaii since 2012 and has proactively worked with the Wells Fargo Clearing Services retail brokers sales teams in Honolulu to market the various GO and revenue bonds issued by various Hawaii issuers. Julia is currently serving as the lead banker on the County of Maui's $80 million GO bond financing, which is expected to price later this summer. Julia received her B.A. in Economics and a minor in Business Administration from the University of California, Berkeley. Our firm's headquarters, bank headquarters and the principal place of business for our municipal securities professionals are provided in the table below. Corporate Wells Fargo & Company Wells Fargo Bank, National Association Wells Fargo Securities 420 Montgomery Street 101 North Phillips Avenue 333 South Grand Avenue: 5'w Floor San Francisco, California 94104 Sioux Falls, South Dakota 57104 Los Angeles, California 90071 — While Wells Fargo & Co. maintains thousands of offices worldwide, below we provide our 13 public finance locations. State Location State Location CA 333 South Grand Ave., 5th Fl., Los Angeles, CA 90071 NC 301 S. College Street, Charlotte, NC, 28202 333 Market Street, 5th FL, San Francisco, CA, 94104 NY 30 Hudson Yards, 62ntl FI., New York, NY, 10001 CO 1675 Broadway, Denver, CO 80202 PA 123 S. Broad Street, Philadelph'a, PA, 19107 FL 2363 Gulf to Bay Blvd., Clearwater, FL 33765 TX 1000 Louisiana Street, Houston, TX 77002 IL 10 S. Wacker Drive., 5th Fl., Chicago, IL 60606 1445 Ross Avenue, Dallas, TX, 75202 MA 125 High Street, 15 Fl., Boston, MA 02110 UT 299 South Main Street, Salt Lake City, UT, 84111 MS 188 E Capitol Street, Jackson, MS 39201 7 Source: Wells Fargo 2020 Annual Report e Source: Bloomberg as of June 29, 2021 1\ cif I'arl i� Stcuraics I}.irt I Presence in the State of Hawaii. Our Firm is actively 2019 260,000 88 56 conducting business in the State of Hawaii and has been since 2020 233,403 95 48 1973. Currently we maintain a retail brokerage office through Source: WFC Internal Data our affiliate, Wells Fargo Clearing Services, LLC (dba Wells Fargo Advisors). Wells Fargo Advisors maintains 39 financial advisors who actively sell and trade municipal bonds, among other financial products. We work closely with these retail brokers ahead of various bond sales to ensure that the retail brokers have the information necessary to market bond sales. This partnership has worked well and grown over the past decade. In addition, we maintain three home mortgage offices throughout the State and employ 11 mortgage specialists. Location 1001 Bishop Street, 191h Floor Honolulu, Hawaii 96813 Employees Years In Business 39 13 Location County of Hawaii Public Finance Bond Underwriting - HRS 103D-304 2. The age of the firm and its average number of employees over the past five years. _ _ 8_uslness Years in Business. WFS has been providing banking services WFC and Public Kailua Kona, Hawaii 96740 3 since its inception in 1852. Records available to us indicate that . ....... Company Investment Sales Wells Fargo Bank, N.A. Municipal Finance Group (or a Year Wide Banking Tradinj predecessor bank that subsequently merged into Wells Fargo 2016 269,000 151 46 Bank, N.A.) has been engaging in public finance activities dating 2017 263,000 149 45 back to at least 1966. 2018 259,000 i 115 53 Presence in the State of Hawaii. Our Firm is actively 2019 260,000 88 56 conducting business in the State of Hawaii and has been since 2020 233,403 95 48 1973. Currently we maintain a retail brokerage office through Source: WFC Internal Data our affiliate, Wells Fargo Clearing Services, LLC (dba Wells Fargo Advisors). Wells Fargo Advisors maintains 39 financial advisors who actively sell and trade municipal bonds, among other financial products. We work closely with these retail brokers ahead of various bond sales to ensure that the retail brokers have the information necessary to market bond sales. This partnership has worked well and grown over the past decade. In addition, we maintain three home mortgage offices throughout the State and employ 11 mortgage specialists. Location 1001 Bishop Street, 191h Floor Honolulu, Hawaii 96813 Employees Years In Business 39 13 Location Employees Years in _ _ 8_uslness 75-5722 Kuakini Hwy, 1" Floor t Kailua Kona, Hawaii 96740 3 20+ 34 Wailea Gateway Place, 2"d Floor Kihei, Hawaii 96753 ! 2 20+ 1357 Kapiolani Blvd, 91h Floor Honolulu, Hawaii 96814 6 20+ 3. The education, training, and qualifications of the individual, or if a firm, its key employees in accordance with HRS 103D-304 and/or the professional and scientific occupation series contained in the United States Office of Personnel Management's Qualifications Standards Handbook Ourteam of experienced professionals will be dedicated to the County's financings from kick-off to closing and will be available to attend all meetings and conference calls as requested. The following table displays our comprehensive team, which includes investment banking, credit strategies, sales, trading and underwriting, and quantitative analytics. Wei Is Fargo SacurltWs Team to the Cousyty of "awall _ . Mame Title y __- Role Office Location Years in Industry investment Banking Julia Kim Director Primary Contact Los Angeles, CA 16 Years _ Charles Peck Managing Director Head of Public Finance New York, NY14 Years Kristen Fontana Director i Credit Strategy New York, NY 10 years Scott Goldstein Director Quantitative Expert Denver, CO 31 Years Sales, Trading and Underwriting Team Parks Lineberger Director Fixed Rate Underwriter Charlotte, NC 14 years _Rebekah Wales - Director j Syndicate Coordinator Charlotte, NC 10 years Julia Kim will continue to serve as the team leader and primary contactto the County. Julia joined WFS in 2009 and 4 has 16 years of municipal finance experience. She has worked with issuers across the western United States and has concentrated her efforts to county -level issuers. Over her career, Julia has worked on over $100 billion of financings for various types of credits from general obligation bonds, revenue bonds, certificates of participation and lease revenue bonds, enterprise and utility revenue bonds, short-term cash flow borrowings, and direct purchases. Julia received her B.A. in Economics and a minor in Business Administration from the University of California, Berkeley and currently serves on the Board of Women in Public Finance - Los Angeles Chapter as Chair of the Scholarship Committee. Wells I-: rgo tireuritics - I';trr County of Hawaii Public Finance Bond Underwriting — HR5103D-304 ?� Charles Peck is the Head of WFS' Public Finance Investment Banking and will ensure the County receives the highest level of service by utilizing our firm's full resources. He has spent over 14 years focused on general government clients throughout the U.S. Prior tojoining Wells Fargo, Chuck ran Morgan Stanley's Public Finance Rocky Mountain Region and worked with a variety of municipal credits including general government, transportation, utilities, and higher education. During his career, he has been lead banker on some landmark financings such as a Qualified School Construction Bond financing for the State of Pennsylvania, a restructuring of the Prairie Waters project related debt for the City of Aurora, Colorado, a $1.5 billion tobacco revenue bond transaction for the State of Pennsylvania, among others. Before becoming an investment banker, Chuck was a lead fiscal policy staff member in the Pennsylvania state government. Kristen Fontana serves as the banking team's credit strategist and will work closely with the banking team to develop and provide guidance on content and structure for credit presentations to investors and rating agencies. Kristen joined Wells Fargo Securities upon graduation from the University of Chicago where her graduate work focused on public finance and included research at the U.S. Office of Management and Budget as well as a consulting project with the Chicago Community Trust. Prior to graduate school, Kristen spent a combined six years at two large investment banks where she both fostered relationships with institutional equity clients and provided analytical support for the credit derivatives business. She has worked with a variety of issuers including state, local, water and sewer as well as transportation agencies. Kristen graduated cum laude with a B.S. in Finance from the University of Maryland, College Park and holds an M.P.P. from the University of Chicago. She is currently serving on the GASB Board. We also offer the County a specialized Quantitative Analytics team who work on the most complex financings as {. well as develop innovative solutions in the face of the changing landscape of the municipal market. Scott Goldstein joined WFS in 1993 (via merger with A.G. Edwards). He has over 31 years of experience in investment banking as a quantitative specialist with extensive understanding of bond related tax code issues. He has structured over 1,000 senior managed municipal transactions with significant emphasis for refunding and structured solutions. Scott has been instrumental in developing and applying several refunding innovations, providing analytical decision making framework for cash market and derivative solutions and improving escrow efficiencies to help issuers lower their cost of capital. Scott is a graduate of the University of Maryland where he earned a Bachelor of Science degree in business with an emphasis in finance and accounting. He received his MBA degree in finance from George Washington University. Parks lineberger leads our California underwriting efforts and began his careerwith WFS over 12 years agowithin the municipal finance group. Throughout the course of a transaction, Parks will provide pricing details and general ' updates regarding the municipal market and the impact of market movements on the County's financing. His experience includes, but is not limited to, water and wastewater revenue transactions, and other credits including general market GO, lease revenue bonds, healthcare, higher education, taxable, and corporate municipalities throughout the U.S. Parks will serve as the lead underwriter on the County of Maui's General Obligation Bond transaction later this year. Parks holds a B.S. degree in Finance and Accounting from North Carolina State and maintains his Series 7, 63, and 52 licenses. Rebekah Wales will work closely with Parks and the underwriting desk as our firm's Syndicate Coordinator. She focuses on ensuring adherence to all regulatory requirements while providing seamless execution for WFS' clients. dARebekah will be responsible for all of the transactional support on the underwriting desk. This includes, but is not k limited to, entering and monitoring orders, working with both the retail and institutional sales teams, communicating with the syndicate, and making sure that price guidance and wires are distributed timely. Rebekah joined WFS Municipal Finance in 2011 after four years of service in the public sector. She has a BA in English and a Juris Doctorate from the University of Alabama School of Law. She is a General Securities Registered Representative (Series 7), a Registered Investment Banking Representative (Series 79), a Registered Municipal Securities Principal (Series 53), and Series 63 licensed. 4. A list of recent projects and the names of up to five clients who may be contacted, including at least two for whom services were rendered during the preceding year. Wells Fargo Securities continues to be a top underwriter of municipal bonds, as illustrated by the wide array of large and high- profile financings our Firm has senior managed. The tombstones below display our recent experience with Hawaii issuers specifically. \\'cllx f-.orru ticruritics - Parc 3 County of Maui $80,000,0000 General Obligation Bonds Series 2021 Sale Date: Summer 2021' Rating: TBD Final Maturity: TBD Tax -Status. Tax -Exempt Stile Manager N® 'Pieliminary, subject to change State of Hawaii $137,205,000 Highway Revenue Bands Series 2021 Sale Date: May 26, 2021 Rating- Aa2/AA• - Final Maturity, January 1, 2041 Ta. -Status: Tax-E.empt Co -Senior Manager County of Maui $74,420,000 General Obligation Bonds Series 2020 Saie Date' Septemb.r 9. t419 Rating: Aal/AA- AA- FinalMaturity' March 1. 20W Tax -Status: Txx-Exempt Sole Ma.�ag.r County of Hawaii Public Finance Bond Underwriting — HRS 10317-304 State of Hawaii $81,93S,000 Highway Revenue Bands Series 2019A Sale Date November 14, 2019 Rating: AaVAA- Final Maturity January 1 2040 Ta. Status Tex Exempt co Senior Manager State of Hawaii $575,060,000 General obligation Bonds Series FW, FX, FY Sale Date: February 6. 2019 Rating, Aal/AA+iAA Final Maturity; January 1. 2039 Tax Status: Exempt B Taxable Co -Manager ®® In Appendix I we provide our full list of transactions in which WFS served as a senior or co -manager from January 2018 to present. References- Below we provide five client references. We encourage the County to contact our references as we believe they will speak highly of the services our Firm and professionals have provided. Client References 7-1 Mr. Scott Teruya Ms. Suzanne Luster Mr. John Patterson Director of Finance Public Finance Director Senior Financial Analyst County of Maui County of Orange County of Los Angeles 200 S. High Street 333 West Santa Ana Blvd, 500 West Temple Street Wailuku, HI 96793 Santa Ana, CA 92701 Los Angeles, CA 90012 (808) 270-7722 (714) 834-3362 (213) 974-2310 scott.teruya@co.maui.us suzanne.luster@ocgov.com I jpatterson@ttc.lacounty.gov Ms. Tammy Lee Ms. Kim Tesoro Administrative Services Officer Assistant Treasurer -Tax Collector State of Hawaii Dept of Transportation - Highways Division County of Santa Barbara 869 Punchbowl Street 105 E. Anapamu Street Honolulu, HI 96813 Santa Barbara, CA 93101 (808) 587-2218 (805)568-2153 tammy.l.(ee@hawaii.gov Ktesoro@co.santa-barbara.ca.us 5. Any promotional or descriptive literature which the individual or firm desires to submit Financing Expertise. WFS has a broad range of financing experience and expertise and generally speaking, has been a top underwriter across the various sectors for the past three years. WFS' participation in negotiated and competitive underwritings, as well as in the secondary market, ensures a continuous flow of information regarding current market preferences. As one of the largest financial service providers in the world, WFS is able to offer broad -range financing solutions that reach beyond municipal underwriting. While municipal underwriting is our core focus, we are able to offer additional unique products and services to meet the changing needs of both the market and the County. Our team is a top underwriter of all forms of municipal debt, as illustrated by the wide array of large and high-profile financings we have successfully managed. Since 2017, WFS has successfully senior managed over 780 financings for a total par amount of over $82 billion, and further, completed over 1,495 financings or a par amount of $354 billion as a co-manager.9 For 2021 year-to-date, WFS has served on over 264 negotiated transactions, making WFS the 4th ranked negotiated underwriter.1' To illustrate WFS' breadth of experience, below we summarize our financing experience. General Obligation Bonds _ Transportation Bonds (Ports, H�hways, Airport) Single and Multi -Family Housing Bonds Certificates of Participation and Lease Revenue Par ($mm) # of Deals Par ($mm) 13,662 155 1 72,829 -_ 18,209 , 76 50,399 4,567 87 l 37,968 5,317 60 6,446 # of Deals Par ($mm) # of Deals 318 86,49_1 i 473 158 68,609 234 558 42,535 645 46 11,763 106 • Source: Securities Data Corp., True Economics to Book Runner negotiated long term transactions 15 Source SDC Thomson Reuters - negotiated long term transactions Full to Each Negotiated financings (111/2021- 6/25/2021) Well. 4 County of Hawaii Public Finance Bond Underwriting - HRS 103D-304 Par (Smm) # of Deals Par (Smm) # of Deals Par (Smm) # of Deals Healthcare Related Bonds i 10,220 72 11,355 60 21,575 132 Public and Private Higher EducationBonds 13,850 159 28,344 167 42,195 326 Other Long -Term Financings --- - - 17,039 171 64,180 202 _ 81,038 { 373 -2,289 Total $82,864 780 $271,521 1,509 $354,206 General Obligation Bonds Source. SDC Thomson Reuters. Other Lnng-Term Financings include other Revenue Bonds, Special Purpose Bonds, and other short-term financings. Serving Hawaii -Based Issuers. Wells Fargo Securities is proud of our history serving clients in the State of Hawaii. The advantages, which include i) familiarity with State and local economic conditions, ii) understanding Hawaii's statues and bond laws, iii) adhering to the State's Debt Policy, iv) obtaining and maintaining the appropriate licenses and certifications through Hawaii Compliance Express, and v) knowing the local impactful investors will position our team well for leading the County's future bond sales. in the following table, we provide our transactions in Hawaii since 2011. Sale Date Issuer IssueT.Ypa Par{$mm) Role Summer 2021 County of Maui General Obligation Bonds 80.0* _ Sole Manager Summer 2021 City and County of Honolulu General Obligation Bonds 725.0* Selling Group 05/26/21 State of HI DOT- Highways Division Highway Revenue Bonds 137.0 j Co -Senior 11/28/20 __State of HI DOT- Harbors Division Harbor System Revenue 266.5 Selling Group 10/21/20 State of Hawaii General Obligation Bonds 1,1475.0 Selling Group 10/13/20 University of Hawaii Revenue Bonds _ 217.1 j Selling Group 10/07/20 State of HI DOT -Airports Division— Airport Revenue T 582.9 Selling Group 09/20/20 County of Maui General Obligation_ Bonds 74.4 Sole Manager 11/14/19 State of HI DOT-Hlgt�Lays Division Revenue Bonds .81.8-1 -Co -Senior 10/23/19 City and County of Honolulu General Obligation 496.9 I Selling Group 09/25/19 Hawaii Electric Co. Revenue Bonds 80.0 Co -Manager 08/07/19 City and County of Honolulu _General Obligation 548.9 Selling Group 07/10/19 Hawaii Electric Co. Refunding Revenue 150.0 CoManager 02/06/19 State of HawaiiGeneral Obligation 575.0 _ Co -Manager 08/15/18 City and County of Honolulu _ General Obligation 468.4j Selling Group 08/09/18 State of HI DOT -Airports Division Airport Revenue }General 414.6 Co -Manager 01/30/18 State of Hawaii Obligation 775.0 Selling Group _ 03/15/18 _ Hawaii Pacific Health Special Purpose Revenue 147.1 i Lead Manager 12/14/17 _ University of Hawaii Revenue Bonds 110.7 Selling Group 08/10/16 State of HI DOT -Highways Division Highway Revenue 204.4 ' Co -Senior 10/15/15 State of Hawaii General Obligation 746.3 ! _Selling Group 07/22/15 City and County of Honolulu General Obligation 698.9 Selling Group 03/16/15 City and County of Honolulu General Oblgation 888.6 i Selling Group 11/13/14 State of Hawaii General Obligation 1,008.6 Co -Manager 07/29/14 State of HI DOT- Highways Division Highway Revenue 163.6 Co -Senior 12/10/13 State of HI DOT -Airports Division Airport COPS 167.7 Selling Group 11/05/13 State of Hawaii General Obligation 860.8 Co -Manager Tr 09/10/13 - Hawaii Pacific Health Special Purpose Revenue 158.9 Co -Manger 12/04/12 - State of Hawaii General Obligation 866.9 j -Manager 03/15/12 T Kamehameha Schools Taxable LIBOR Note*` _Co 25.0 Sole Manager 11/17/11 !State of Hawaii General Obligation 1,286.2 I Selling Group SG-fce Thomson SDC Data. "Subject to change. "Direct Purchase with wells Fargo Bank, N.A \\ clE: I':z:,,o Sceuriricr - Pagc County of Hawaii Public Finance Bond Underwriting -- HRS 10313-304 Secondary Market Support for Hawaii Issuers. WFS is also committed to providing liquidity in the secondary market for our issuer -clients and investors. Indeed, WFS actively trades Hawaii -based securities in the secondary market and has traded over $894 million of Hawaii credits (outside of the State's GO Bonds) since 2013. In the table below, we summarize our secondary trading activity from 2013 through 2020. Year #Trades sAmount #Trades 2020 2,000 619,815,000 828 2019 939 363,205,000 601 2018 1,061 384,66 5,000 1,384 2017 769 175,210,000 1,097 2016 434 231,090,000 1,2E- 2015 261 100,640,000 677 2014 108 133,545,000 1 459 2013 298 216,320,000 , 250 Total 5,870 $2.224.490.000 6.581 $ Amount # Trades , *.Amount #_Trades $ Amou,; 315,865,000 1,172 $303,950,000 101,032 34,592,545,757 171,810,000 496 85,460,000 55,863 26,742,2_65,559 175,285,000 694 80,320,000 80,381 28,708,584,284 169,100,000 698 113,005,000 70,538 32,8_24,122,795 451,935,000 531 72,315,000 60,455 503,175,000 398 128,030,000 _28,436,039,833 40,979 19,606,648,972 106,410,000 177 31,165,000 31,594 23,184,972,004 247,815,000 87 _ 80,230,000 23,158 19,430,750,490 ,141,39S,000 _ 4,253 $894,475,000 464,000 $213,525,929,694 Source: WFS Municipal Trading Desk. Other Hawaii Credits i-vlLjde transportation bonds and special purpose revenue bonds. Institutional investors are constantly repositioning their portfolios. By using our capital to maintain an inventory of bonds, which we make available to investors, and to purchase bonds from investors (thus providing needed liquidity), W FS has become a valued trading partner. Aided by our own high credit ratings and low funding costs, WFS routinely holds up to $1 billion in inventory between our institutional and retail trading desks". The frequent communication with investors allows our Firm to be well equipped to ascertain investor appetite for future bond sales. While a firm's activity and presence in the secondary market is often overlooked, it can directly translate into pricing transparency and success for an issuer in the primary market. At $1.3 trillion, the municipal secondary market is over 3.5 times the size of the new issue (primary) market. As one of the top four municipal market makers in the industry, we know which credits each institutional investor is buying at any given time as well as the price investors are willing to pay.12 National and Hawaii Based Marketing and Distribution Capabilities, Wells Fargo's marketing program includes utilizing our broad and diverse distribution network, which covers three in-house distribution channels: (1) institutional; (2) middle -market; and (3) retail brokerage. Ourthree-tiered investor channel, as detailed below, provides us with the necessary flexibility to adapt our marketing strategy to changing market conditions as they arise. WFS will utilize all three distribution outlets nationally and regionally to support the County's bond financings. Middle Market Sales (3) Retail Sales 11 member sales team 200 sales professionals 80 sales professionals Have covered on island 11,228 Retail advisors 39 Reta] advisors 4 offices nationwide 1 33 offices glob, 1 16 offices nationwide I accounts for 30+ years 655 Locations $5.3 billion in Client Assets *Provided by Wells Fargo Securities, LLC.; "Provided by Wells Fargo Advisors a trade name for welts Fargo Clearing Services, LLC 1. Institutional Sales. WFS' institutional salesforce distributes a full line of municipal products, including tax-exempt and taxable securities. Our dedicated municipal institutional sales team concentrates its efforts solely on selling municipal and structured finance products to the largest top -tier institutional municipal buyers nationwide. The municipal institutional investor base includes the key national buyers of municipal securities including 425 institutional accounts. Our Municipal Institutional Client Services Group includes 11 dedicated municipal institutional sales professionals scattered across the country. This includes coverage of large "Tier 1" high grade accounts with assets over $1 billion such as Vanguard, BlackRock, Northern Trust, and State Farm in addition to money managers, insurance companies, bank portfolios, hedge funds and pension funds. ll Source: Wells Fargo Underwriting Desk si Source: Bloomberg as of May 16, 2021 and Greenwlch Associates 2018 Municipal Bond and Derivatives ---- County of Hawaii Public Finance Bond Underwriting - HRS 103D-304 2. Middle Markets Sales. One of WFS' competitive advantages is MiddleHawaii Market Trade Activity Since 2019 its ability to reach middle market investors - an asset class that Investor_ _ _ Trade Amount can be extremely beneficial. As the County seeks to expand its : First Hawaiian Bank J $67,500,000 investor base and support local businesses, we believe this i Bank of Hawaii $49,740,000 component of our distribution network to be particularly !r Bishop Street Capital Management $17,130,000 relevant. Indeed, most national underwriters do not focus on Lee Financial Group $1,200,000 these investors since large institutional investors tend to ' First Honolulu Securities $610,000 dominant the municipal market. While WFS is a top distributor Source-WFS Municipal underwriting Desk -CONFIDENTIA1 to institutional accounts, our business model allows us to focus on smaller and more regional institutional investors who tend to be more likely to buy -and -hold securities relative to their larger institutional counterparts. In 16 regional sales offices, WFS has 80 middle -market sales professionals who serve over 7,000 state and local community banks, asset managers, regional depositories, corporate trust departments, corporations, municipalities/public entities, and local insurance companies. The added benefit of middle market customers comes from their knowledge of local credits and regions often times making them optimal buyers for the County's bonds. For example, on a recent transaction for the County of Maui WFS served as sole manager on, a local tax-exempt mutual fund, which WFS has a proprietary relationship with, entered a specific order based on a lower coupon than what was initially offered and ultimately lowered the borrowing cost considerably. When WFS is not involved in a bond sale, this local professional retail account will only trade in the secondary market. Additionally, the sales professionals in this group have been covering Bank of Hawaii for over 30 years, First Hawaiian Bank and other local money managers. An order from a middle market investor can range from small odd lots to $50 million+ blocks of bonds. In the current market, middle markets investors have been extremely active buyers of municipal bands and our ability to reach these investors - as well as retail and larger institutions -allows us to be more focused in marketing and pricing bonds on the County's behalf. 3. Hawaii Retail Sales. WFS' retail brokerage network, Wells FaTgo Advisors through our affiliate Wells Fargo Clearing Services, LLC {DBA Wells Fargo Advisors), maintains the third largest R �••- National - _Hawaii retail brokerage network in the country." Our national Client Assets* $1,766,335,821,428 $5,260,909,761 retail platform currently employs over 11,000 full- Number of WFA Accounts* _ 9,299,475 26,420 service retail brokers and has approximately $1.7 trillion Number of WFA Salespeople* I- 11,228 _ 39 in total client held assets, L4 Of this amount, over $423 Tax -Exempt Holdings** _ $80,206,147,275 $423,186,675 million of Hawaii based issuances are held by our retail Source Wells Fargo Clearing Services,LLC. AsofDecember31,2020 "Asof July 10, 2020 clients. Our Honolulu -based retail brokerage office maintains 27 financial advisors and 12 licensed support who actively sell and trade municipal bonds, among other financial products. Specifically, our financial advisors based in Hawaii manage approximately 26,000 active accounts with a combined $5.2 billion of assets for State of Hawaii residents. In fact, as of February 2021, more than 383 of our retail accounts held over $15 million of the County's general obligation bonds, as shown below." Security Type $]Holdings # of Accounts County of Hawall 15,767,359 383 County of Maui 11,896,267 230 County of Kauai 3,864,272 145 City & County of Honolulu - GO Bonds 104,435,506 1,641 City & County Honolulu - Wastewater System Revenue 60,661,896 959 State of Hawaii - G0 Bonds $144,000,344 2,228 Source Wells Fargo Advisors as of February 1 B. 2 nil firm Capital. Wells Fargo Bank, N.A. ("WFBNA") is the legal entity that provides municipal securities underwriting services for Wells Fargo & Co. As a national bank registered with the SEC as a municipal securities dealer, WFBNA is not subject to the SEC's net capital rules thatapply to broker-dealers. WFBNA is, however, subjectto capital regulations prescribed by the Office of the Comptroller of the Currency ("OCC"), which isthe regulatory authorityfor national banks. Since WFBNA currently meets the definition of a "well capitalized" bank under the OCC's capital regulations, WFBNA (Wells Fargo Securities as the trade -a Source: WIM FP&A as of March 31, 2021 " WFA statistical information as of December 31, 2019. Data is a combination of Well s Fargo Clear ng Service s. LLC, Wells Fargo Advisors Financial Network; LLC and First Clearing, LLC. L5 Source: Wells Fargo Clearing Services LLC as of July 10, 2020 \\ 4:14: I'dr-,p SLCurihcr - Pi1re , County of Hawaii Public Finance Bond Underwriting - HRS 103D-304 name) is authorized under applicable federal banking rules to underwrite municipal securities without any regulatory -defined capital constraint. WFBNA's only constraint as to the par value of municipal securities it underwrites is our own internal credit decision process. In the table below, we present our strong capital over the last three calendar years. December 31 Tler One Capital 2021*� $149,957,000,000 2020 $150,168,000,000 2019 $167,393,000,000 2018 $163,379,000,000 Source: WFBNA Call Report;* As of March 31, 2021 Total Risk -Based Capital _ Total Capital $163,989,000,000 $171,125,000,000 $164,412,000,000 $170,928,000,000 $158,615,000,000 $145,149,000,000 $155,557,000,000 $142,684.000.000 While a number of firms have a large capital base, it is most important that such firms evidence their willingness to deploy that capital in support of their clients. WFBNA has demonstrated its ability to commit capital in support of our municipal clients by directly underwriting unsold balances on negotiated primary market issues, actively bidding forcompetitive issues, supporting the secondary markets with an average daily inventory of fixed rate municipal securities in 2020 of approximately $1 billion; and, as a commercial bank, providing credit enhancement, liquidity support, and direct purchase credit to municipal issuers." Below we highlight recent examples where WFS used our capital to provide underwriting support in the primary market. rated Date 04/01/21 11/30/20 10/14/20 09/22/20 08/11/20 07/30/20 07/01/20 04/29/20 04/22/20 03/19/20 02/27/20 Issuer _County of Wake, NC NYC Housing Dev. Corp. State of Colorado _ Virginia Transportation Board City of San Antonio State of Wisconsin County of Riverside, CA State of 'Washington Arizona Board of Regents Utah Transit Authority_ State of Utah Deal Size {$j $186,720,000 $289,065,000 i Y $44,225,000 k $100,760,000 $153,390,000 $315,840,000 ; $340,000,000 Total Bonds Underwritten ($) $56,300,000 $102,190,000 $22,275,000 $11,250,000 $26,195,000 $148, $410,735,000 i $26,57 $154,455,000 i $8,05 $216,650,000 r $53,67 $448,430,000 $60,52 %of Deal* i 30.53% 35.35% _s 50.46% ; 11.20% s 17.10% 17,55% 43.76% 6.46% 5.32% 25.34% 13.4- ----- --------------- *% of Deal based on bonds offered at the time of pricing and not on re -price and final structure. Source: Thomson Reuters SDC and WFS Municipal Underwriting Desk; Represents Negotiated GO Financings with 5% or > of Total Underwritten Bonds WFBNA Direct Purchases and Private Placements. In addition to traditional investment banking and underwriting services, WFBNA strongly supports its clients with a variety of credit enhancement products such as providing letters of credit or liquidity facilities and other traditional bank products. WFBNA is highly sought after for its capital and credit support and we continue to be recognized as one of the most stable and best capitalized banks in the world. County Fixed Role Na* Money or Fixed Rate Wells Fargo RHawaii efunding Bonds Direct Placement of County BANS. Alternatively to a public offering, WFBNA offers our clients a Direct Purchase solution, which is similar to the County's private placement of Bond Anticipation Notes ("BANs" ). Instead of accessing the capital markets publicly, WFBNA would be the sole purchaser of the County's BANS for our balance sheet, without the intention to sell or trade those securities.« This product has proven to be most beneficial for clients who want to minimize upfront costs as well as expedite a transaction to take advantage of market conditions. The credit analysis would be conducted internally, and we would not require the County to obtain a public rating nor produce any disclosure documents. Asa bank broker-dealer, we maybe able to offer financing solutions that are customized for the County. We are able to collaborate with our commercial banking partners to provide the County with an interim financing solution such as a Bond Anticipation Note or "Drawdown Direct Purchase." This type of product can be very beneficial to reduce negative carry from a project fund or to quickly drawdown funds on an as needed basis. to Source: WFS Municlpal Underwriting Desk 1' WFBNA Direct Purchase is a product of WFBNA and is subject to credit approval \\ dk I ark a �,cc unrre? - ll.Tv 8 APPENDIX I Wells Fargo Securities Public Finance Bond Underwriting Experience Since January 2019 Public Finance Bond Underwriting Safe Par ($.mils) Issuer 01/09/19 49.600 Allegheny Co Higher Ed Bldg Auth 01/09/19 130.000 Charleston City -South Carolina 01/09/19 750.000 New Jersey Trans Trust Fund Au 01/10/19 268.775 Mississippi 01/14/19 19.535 Cumberland Co Muni Auth 01/14/19 402.102 Orange Co -California 01/14/19 10.000 Sarteli City -Minnesota 01/14/19 14.325 Washington Co Commissioners 01/15/19 425.005 Arizona 01/15/19 21.410 Tarrant Co (Birdville) ISD 01/15/19 136.225 Tarrant Co (Birdville) ISD 01/15/19 127.715 Utah 01/16/19 100.000 Pennsylvania Housing Fin Agcy (PHFA) 01/16/19 101.595 Pennsylvania Housing Fin Agcy (PHFA) 01/17/19 46.180 Bell Co (Salado) ISD 01/17/19 39.465 Maine State Housing Authority 01/17/19 60.000 NYC Municipal Water Fin Auth 01/17/19 70.000 NYC Municipal Water Fin Auth 01/17/19 345.000 NYC Municipal Water Fin Auth 01/23119 136.520 Boulder (Boulder Vlly) SD #RE -2 01/23/19 68,425 Da,las ISD 01/23/19 84.365 Pennsy.vania Turnpike Commiss on 01/23119 10.580 Travis Co (Lake 1'ravis) ISO 01/23/19 82.125 Travis Co (Lake Travis) ISD 01/24/19 449.110 New Jersey Turnpike Authority 01/24/19 92.355 Randall Co (Canyon) ISD 01/24/19 10.000 York Co -South Carolina 01129/19 168.455 American Municipal Power Inc 01129/19 74.555 Shelby Co -Tennessee 01/30/19 2.300 NYS Housing Fin -Mortgage Agcy 01/30/19 89.800 NYS Housing Fin -Mortgage Agcy 02/01/19 134.390 NYS Housing Fin -Mortgage Agcy 02105/19 147.610 Garland City -Texas 02105/19 99.000 South Dakota Housing Dev Auth 02/06/19 15.000 Connecticut Housing & F n Auth (CHFA) 02106/19 72.980 Connecticut Housing & F n Auth (CHFA) 02106/19 143.335 Hawaii 02106/19 431.665 Hawaii 02107/19 57.205 California Municipal Fin Auth 02/07/19 113.520 California Municipal Fin Auth 02/07/19 30.351 Minnesota Housing Fin Agency 02/07/19 35.630 Minnesota Housing Fin Agency 02/07/19 149.770 NYC Housing Dev Corp 02/07/19 63.960 San Joaquin Cc Transpo Auth 02/12/19 22.840 Midland City -Texas 02/12/19 28.530 Midland City -Texas 02/12/19 175.000 Tennessee Hsg Dev Agcy (THDA) 02/12/19 150.925 Univ of North Carolina Bd of Gov 02/13/19 83.170 NYS Dorm Authority 02!13119 176.125 NYS Dorm Authority 02/13/19 603.460 NYS Dorm Authority 02/13/19 37.145 New Mexico Finance Auth (NMFA) 02/13/19 19.595 Oregon 02/13/19 40.170 Oregon Source: Refinitiv as of June 30, 2021 Issue Description • State - Revenue Bonds N PA LEAD Wtrwrks & Swr Sys Cap Imp Bonds N SC LEAD Transportation Program Bonds N NJ LEAD Gaming Tax Revenue Bonds N MS LEAD Revenue Bonds N PA LEAD Pension Obligation Bonds P CA SOLE General ON gation Bonds C MN SOLE Revenue Bonds N MO LEAD Rei Certificates of Participation N AZ LEAD Unlimited Tax School Bldg Bonds N TX CO -MGR Unlimited Tax School Bldg Bonds N TX CO -MGR General Obligation Bonds N UT CO -MGR Single Family Mortgage Rev Bonds N PA CO -MGR Single Family Mortgage Rev Bonds N PA CO -MGR Unlimited Tax School Bldg Bonds N TX CO -MGR Mortgage Purchase Bonds N ME CO -MGR Water & Sewer Sys Rev Bonds N NY CO -MGR Water & Sewer Sys Rev Bonds N NY CO -MGR Water & Sewer Sys Rev Bonds N NY CO -MGR General Ob,igation Bonds C CO SOLE Unlimited Tax Refunding Bonds N TX LEAD Turnpike Revenue Refunding Bonds N PA LEAD Unlld Tax School Building Bonds N TX CO -MGR Unlld Tax School Building Bonds N TX CO -MGR Turnpike Revenue Bonds N NJ CO -MGR Unitd Tax School Building Bonds N TX LEAD General Obligation Bonds C SC SOLE Revenue Refunding Bonds N OH LEAD GO Refunding Bonds C TN SOLE Housing Revenue Bonds P NY SOLE Housing Revenue Bonds P NY SOLE Affordable Housing Ref Rev Bonds N NY CO -MGR Electric Utility Sys Rev Ref Bond N TX LEAD Homeownership Mortgage Bonds N SD CO -MGR Housing Mortgage Fin Prog Bonds N CT CO -MGR Housing Mortgage Fin Prog Bonds N CT CO -MGR General Obligation Bonds N HI CO -MGR General Obligation Bonds N HI CO -MGR Revenue Bonds N CA SOLE Revenue Bonds N CA SOLE Homeownership Finance Bonds N MN CO.MGR Homeownership Finance Bonds N MN CO -MGR Multi -Family Housing Rev Bonds N NY LEAD Sales Tax Revenue Bonds N CA CO -MGR Tx & Ltd Pledge Rev Cert of Oblig N TX CO.MGR GO Improvement & Refunding Bonds N TX CO.MGR Residential Finance Program Bonds N TN CO -MGR General Revenue Refunding Bonds N NC LEAD Revenue Bonds N NY CO.MGR Revenue Bonds N NY CO -MGR Revenue Bonds N NY CO -MGR Revolving Fund Revenue Bonds N NM LEAD General Obligation Bonds N OR CO MGR General Obligation Bonds N OR CO -MGR Sale Date Description,: VT -U.1 466.355 Oregon General Ob'igalon Bonds N OR CO -MGR 02/13/19 29.525 Virginia Beach City -Virginia Storm Water Utility Revenue Bonds C VA SOLE 02/14/19 44.220 Durham Co -North Caro'ina GO Refunding Bands N NC CO -MGR 02/14/19 695.595 Main Street Natural Gas Inc Gas Supply Revenue Bonds N GA LEAD 02!14/119 20.320 Mississippi Development Bank Special Obiigation Bonds N MS LEAD 02/14/19 57 430 Mississippi Development Bank Special Obligation Bonds N MS LEAD 02/14/19 16.755 Regents of the University of M;chigan General Revenue Bonds N MI CO -MGR 02/14/19 148.330 Regents of the University of Michigan General Revenue Bonds N MI CO -MGR 02/14/19 78.210 Washington St Hsg Fin Commission Single Family Program Bonds N WA CO -MGR 02/19/19 23 100 Brookfield City -Wisconsin GO Conference Center Bonds C WI SOLE 02/20/19 19 195 Florida Govt Util Auth (FGUAi Utility Refunding Revenue Bonds N FL SOLE 02/21/19 66 750 I'linois Housing Dew Authority Revenue Bonds N IL CO -MGR 02/22/19 58 740 Mississippi Home Corporat-on Single Family Mortgage Rev Bonds N MS LEAD 02/22/19 39 725 North Carolina Medical Care Commiss Health Care Facilities Rev Bonds N NC LEAD 02/22/19 60 605 North Carolina Medical Care Commiss Health Care Facs Rev Bonds N NC LEAD 02/22/19 105 905 North Carolina Medical Care Commiss Health Care Facs Rev Bonds N NC LEAD 02/26/19 80 000 Hennepin Co Reg Railroad Auth Limited Tax Bonds C MN SOLE 02/26/19 19.130 Virginia Housing Dew Auth (VHDA) Rental Housing Bonds N VA CO -MGR 02/26/19 61.295 Virginia Housing Dew Auth (VHDA) Rental Housing Bonds N VA CO -MGR 02/27/19 42.475 Iowa State Board of Regents Hospital Revenue Bands C IA SOLE 02/27/19 140.000 Maryland Dept Hsg & Com Dew (DHCD) Reidential Revenue Bonds N MD CO -MGR 02/28/19 58 395 Georgia Higher Ed Facs Auth Refunding Revenue Bonds N GA CO -MGR 02/28/19 24.400 NYS Housing Fin -Mortgage Agcy Homeowner Mortgage Rev Bonds N NY CO -MGR 02/28/19 30.000 NYS Housing Fin -Mortgage Agcy Homrowner Mortgage Rev Bonds N NY CO -MGR 02/28/19 68.670 NYS Housing Fin -Mortgage Agcy Homeowner Mortgage Rev Bonds N NY CO -MGR 03/06/19 500.040 Ca,darnia Various Purpose GO Ref Bonds N CA CO -MGR 03/06/19 1.791.810 California GO Var Purpose & Ref Bonds N CA CO -MGR 03/06/19 100 610 Oregon Dept of Admin Services Certificates of Participation N OR CO -MGR 03/07/19 7.865 Minnesota Housing Fin Agency Residential Hsg Finance Bonds N MN CO -MGR 03/07/19 37.500 Minnesota Housing Fin Agency Residential Hsg Finance Bonds N MN CO -MGR 03/07/19 98.195 Minnesota Housing Fin Agency Residential Hsg Finance Bonds N MN CO -MGR 03/07/19 915.225 New York City -New York General Obligation Bonds N NY CO -MGR 03/08/19 104.000 NYS Housing Fin -Mortgage Agcy Housing Revenue Bonds P NY SOLE 03/11/19 62.455 Will Co -Illinois GO Alternate Revenue Source Bonds N IL LEAD 03/12/19 87.025 Baltimore Co -Maryland Certificates of Participat on C MD SOLE 03/12/19 93.240 Colorado Hsg & Fin Auth (CHFA) Single Family Mortgage Rev Bonds N CO CO -MGR 03/13/19 62.335 Kansas Turnpike Authority Turnpike Refunding Rev Bonds N KS CO -MGR 03/13/19 9.095 NYS Housing Fin -Mortgage Agcy Affordable Housing Rev Bonds N NY CO -MGR 03/13/19 22.400 NYS Housing Fin -Mortgage Agcy Affordable Housing Rev Bonds N NY CO -MGR 03/13119 22.565 NYS Housing Fin -Mortgage Agcy Affordable Housing Rev Bonds N NY CO -MGR 03/13/19 23.830 NYS Housing Fin -Mortgage Agcy Affordable Housing Rev Bonds N NY CO -MGR 03/13/19 27.565 NYS Housing Fin -Mortgage Agcy Affordable Housing Rev Bonds N NY CO -MGR 03/13/19 45.600 NYS Housing Fin -Mortgage Agcy Affordable Housing Rev Bonds N NY CO -MGR 03/13/19 52.250 NYS Housing Fin -Mortgage Agcy Affordable Housing Rev Bonds N NY CO -MGR 03/13/19 114.040 New York General Obligation Bonds C NY SOLE 03/13/19 221.005 Texas Water Development Board St Revolving Fund Revenue Bonds N TX CO -MGR 03/13/19 25.040 Virginia Public Building Auth Public Facilities Revenue Bonds C VA SOLE 03/14/19 301.095 Dallas Area Rapid Transit Auth Sr Ln Sales Tax Revenue Ref Bonds N TX CO -MGR 03/14/19 233.925 Michigan St Hsg Dev Au (MSHDA) Single Family Mortgage Rev Bonds N MI CO -MGR 03/21/19 10.000 Pennsylvania Hghr Ed Facs Auth University Revenue Bonds N PA SOLE 03/21/19 18.690 Pennsylvania Hghr Ed Facs Auth Univers ty Revenue Bonds N PA SOLE 03/26/19 62.465 Arizona Transportation Board GANs N AZ LEAD 03/26/19 420.885 California Various Purpose GO Bonds C CA SOLE 03/27/19 35.410 Connecticut Airport Authority Customer Fac Charge Rev Bonds N CT CO -MGR 03127/19 115.690 Connecticut Airport Authority Customer Fac Charge Rev Bonds N CT CO -MGR 03/27/19 850.000 NYC Transitional Finance Auth Future Tax Secured Sub Bonds N NY CO -MGR 03127/19 56.235 Oregon Dept of Admin Services Oregon Lottery Revenue Bonds N OR CO -MGR 03/27/19 100.395 Oregon Dept of Admin Services Oregon State Lottery Rev Bonds N OR CO -MGR Source: Refinitiv as of June 30, 2021 D. Description state Role 03/27/19 17.840 Salt Lake Co Muni Bldg Auth Lease Revenue Bonds N' UT SOLE 03127/19 16.600 Santa Clara USD GO Refunding Bonds C CA SOLE 03/28/19 96,655 Fulton Co Development Authority Georgia Tech Facilities Rev Bonds N GA CO -MGR 03/28/19 10.404 Louisiana Gov Env Fac & CDA (LCDA) Revenue Bonds N LA SOLE 03/28/19 146.700 North Carolina Housing Fin Agcy Home Ownership Revenue Bonds N NC CO -MGR 03129/19 3.335 District of Columbia Hsg Fin Agy Multi -Family Dev Program Bonds N DC SOLE 03/29/19 9.190 District of Columbia Hsg Fin Agy Multi -Family Dev Program Bonds N DC SOLE 03/29/19 208.725 Univ of Massachusetts Bldg Au Refunding Revenue Bonds N MA LEAD 04/02/19 207.650 Wisconsin Public Finance Auth Hospital Revenue Bonds N WI CO -MGR 04/03/19 26 665 Gainesville City -Florida Utilities System Revenue Bonds N FL CO -MGR 04/03/19 153 820 Gainesville City -Florida Utilities System Revenue Bonds N FL CO -MGR 04/04/19 16.500 Florida Municipal Loan Council Revenue Bonds N FL SOLE 04/04/19 185.000 Louisiana Grant Anticipation Rev Bonds N LA LEAD 04/04/19 42.045 Univ of North Carolina Bd of Gov General Revenue Bonds N NC LEAD 04/05/19 27.810 NYC Housing Dev Corp Multi -Faro ly Housing Rev Bonds N NY CO -MGR 04/05/19 149 070 NYC Housing Dev, Corp Multi-Fam-ly Housing Rev Bonds N NY CO -MGR 04/09/19 158.905 Williamson Co (Round Rock) ISD Unitd Tax School Building Bonds C TX SOLE 04/10/19 111 310 Georgia Housing Finance Authority Single Family Mortgage Bonds N GA CO -MGR 04+10119 57.610 Jacksonville City -Florida Health Care Facs Rev Ref Bonds N FL LEAD 04110/19 500.000 NYC Municipal Water Fin Auth Water & Sewer Revenue Bonds N NY CO -MGR 04+11119 2,023.975 California Various Purpose GO & Ref Bonds N CA CO MGR 04111/19 120.950 Charlotte City -North Carolina Certifcates of Partic pation N NC LEAD 04112/19 31.713 Washington St Hsg Fin Commission Multi -Family Housing Rev Bonds P WA SOLE 04/17/19 98 955 Jacksonville City -Florida Health Care Facs Rev Ref Bonds N FL SOLE 04/17/19 612.000 Tuscaloosa Co Indus Dev Auth Gulf Opportunity Zone Ref Bonds N AL CO -MGR 04/23/19 12 085 Portland City -Oregon GO Refunding Bonds C OR SOLE 04/24119 265.390 Collin Co (Frisco) ISD Unit Tx School Bldg & Ref Bonds N TX LEAD 04/24119 15 000 Connecticut Housing & Fin Auth (CHFA) Housing Mortgage Fin Prog Bonds N CT CO -MGR 04/24119 71.995 Connecticut Housing & Fin Auth (CHFA) Housing Mortgage Fin Prog Bonds N CT CO -MGR 04124/19 239.465 University of Connecticut General Obligation Bonds N CT CO -MGR 04125/19 72.830 Metro Wastewater Reclamation Dl Sewer Refunding Bonds N CO SOLE 04130/19 188.660 Philadelphia City -Pennsylvania GO Refunding Bonds N PA CO -MGR 04/30/19 88.250 Virginia Public School Authority School Financing Bonds C VA SOLE 05/01/19 20.845 Connecticut Hlth & Ed Facs Auth Revenue Refunding Bonds C CT SOLE 051011/19 135.385 EI Paso Co (Socorro) ISD School Building Bonds N TX CO -MGR 05/01/19 6 610 Massachusetts Housing Fin Agcy Single Family Housing Rev Bonds N MA CO -MGR 05/01/19 18 000 Massachusetts Housing Fin Agcy Single Family Housing Rev Bonds N MA CO -MGR 05/01/19 19 890 Massachusetts Housing Fin Agcy Single Family Housing Rev Bonds N MA CO -MGR 05/01/19 33 065 Mesa City -Arizona General Obligation Bonds N AZ SOLE 05/02/19 10 000 Marlboro Co SD General Obligation Bonds C Sc SOLE 05/07/19 25.785 Colorado Hsg & Fin Auth (CHFA) Single Family Mortgage Bonds N CO CO -MGR 05/07/19 37.000 Colorado Hsg & Fin Auth (CHFA) Single Family Mortgage Bonds N CO CO -MGR 05/08/19 18.330 Energy Northwest Station Electric Rev Ref Bonds N WA CO -MGR 05/08/19 251.575 Energy Northwest Station Electric Rev & Ref Bonds N WA CO -MGR 05/08/19 19.190 Massachusetts Water Resources Au General Revenue Ref Bonds N MA CO -MGR 05/08/19 125.000 Massachusetts Water Resources Au General Revenue Bonds N MA CO -MGR 05/08/19 13.000 Mississippi Development Bank Special Obligation Bonds N MS SOLE 05/08/19 8.000 Williamson Co (Leander) ISD School Building Bonds N TX CO -MGR 05/08/19 77.360 Williamson Co (Leander) ISD School Building Bonds N TX CO -MGR 05/09/19 34,935 Charlotte City -North Carolina Ref Certificate of Participation N NC LEAD 05/09/19 96.975 Charlotte City -North Carolina Ref Certificate of Participation N NC LEAD 05/09119 59.695 Chester Co Hlth & Ed Facs Board Health System Revenue Bonds P PA SOLE 05/14119 13.728 Minnesota Housing Fin Agency Homeownership Finance Bonds N MN CO -MGR 05/14119 30.555 Minnesota Housing Fin Agency Homeownership Finance Bonds N MN CO -MGR 05/14/19 329.150 Prince Georges Co -Maryland GO Consolidated Pub Imp Bonds C MO SOLE 05/15/19 726.650 Allegheny Co Hospital Dev Auth UMPC Revenue Bonds N PA CO -MGR 05115/19 9.850 Collin Co (Richardson) ISD Unitd Tax School Building Bonds N TX CO -MGR 05/15/19 107.110 Collin Co (Richardson) ISD Unitd Tax School Building Bonds N TX CO -MGR Source: Refinitiv as of June 30, 2021 Sale D.Description swo Rare D5115119 18.570 Indiana Finance Authority St Revoving Fund Program Bonds C' IN SOLE 05/15/19 30.000 Santa Clara Co (Fremont) UHSO General Obligation Bonds N CA CO -MGR 05/15/19 100.280 Santa Clara Co (Fremont) UHSD General Obligation Bonds N CA CO MGR 05/15/19 7.355 Texas GO Wtr Fin Ref Bonds N TX LEAD 05115!19 21.320 Texas GO Wtr Fin Ref Bonds N TX LEAD 05/15119 24.075 Texas GO Wtr Fin Ref Bonds N TX LEAD 05/15/19 26.060 Texas GO Wtr Fin Ass;stance Ref Bonds N TX LEAD 05/15/19 42.600 Texas GO Wtr Fin Rei Bonds N TX LEAD 05/15/19 79.390 Texas GO Wtr Fin Assistance Ref Bonds N TX LEAD 05/16/19 40.000 Maine State Housing Authority Mortgage Purchase Bonds N ME CO -MGR 05/17/19 21.190 Albany -Dougherty Inner City Auth Refunding Revenue Bonds N GA LEAD 05/17/19 76.225 Rock Hi'I City -South Carolina Combined Utility System Rev Bonds N Sc SOLE 05/21119 45.440 Hidalgo Co -Texas Certs of Ob & Ltd Tax Ref Bonds N TX LEAD 05/22119 44.700 Minneapolis St Paul Metro Council GO Transit Bonds C MN SOLE 05/22/19 72.300 Minneapolis -St Paul Metro Council GO Transit Bonds C MN SOLE 05/22/19 9.045 Oregon General Obligation Bonds N OR CO -MGR 05/22119 150.115 Oregon General Obligation Bonds N OR CO -MGR 05122+19 350.375 South Carolina Trans Infras Bank Revenue Refunding Bonds N Sc LEAD 05/23/19 210.000 Mary -and Dept Hsg & Com Dev (DHCD) Residential Revenue Bonds N MD CO -MGR 05/23/19 600.000 North Carolina Grant Antic Rev Vehicle Bonds N NC CO -MGR 05/23119 13.120 North Charleston City -South Carolina Ltd Tax Increment Pledge Bonds N SC SOLE 05/23/19 125.000 Pennsylvania Hous;ng Fin Agcy (PHFA) Sing a Family Mortgage Rev Bonds N PA CO -MGR 05/28119 1.322 Kaufman Co ;Forney) ISD Public Prop Fin Contractual Oblig P TX SOLE 05/28119 60.360 Lubbock ISD Unitd Tax School Building Bonds N TX CO -MGR 05/29119 23.620 Arizona Reg Pub Transport Auth Trans Excise Tax Rev Ref Bonds N AZ SOLE 05/29119 142.720 Hillsborough Co -Florida Capital Imp Non -Ad Val Rev Bonds C FL SOLE 05/30/19 74.510 College Station City -Texas Certificates of Obligation C TX SOLE 05/31119 2.455 Sanford City -North Carolina Enterprise Sys Rev & Ref Bonds N NC SOLE 05/31119 36 140 Sanford City -North Carolina Enterprise Sys Rev & Ref Bonds N NC SOLE 05/31/19 6.205 Univ of North Carolina Bd of Gov General Revenue Bonds N NC SOLE 05/31/19 10.435 Univ of North Carolina Bd of Gov General Revenue Bonds N NC SOLE 06/04/19 78.085 Henrico Co -Virginia Water and Sewer Revenue Bonds C VA SOLE 06104/19 63.100 Tennessee Hsg Dev Agcy (THDA) Residential Finance Program N TN CO -MGR 06104/19 136.900 Tennessee Hsg Dev Agcy (THDA) Residential Finance Program N TN CO -MGR 06/05/19 2.535 Arizona Industrial Dev Auth Student Housing Rev Bonds N AZ CO -MGR 06/05/19 106.870 Arizona Industrial Dev Auth Student Housing Revenue Bonds N AZ CO -MGR 06/05/19 170.370 Loudoun Co -Virginia GO Public Improvement Bonds C VA SOLE 06/05/19 28.990 NYS Housing Fin -Mortgage Agcy Affordable Housing Revenue Bonds N NY CO -MGR 06/05/19 41.685 NYS Housing Fin -Mortgage Agcy Affordable Housing Revenue Bonds N NY CO -MGR 06/05/19 59.300 NYS Housing Fin -Mortgage Agcy Affordable Housing Revenue Bonds N NY CO -MGR 06/05/19 3.735 Tigard -Tualatin SD 923J GO Refunding Bonds N OR CO -MGR 06/05119 90.360 Tigard -Tualatin SO #23J General Obligation Bonds N OR CO -MGR 06/06/19 60.000 Alaska Housing Finance Corp State Capital Project Bonds II N AK CO -MGR 06/06/19 30.000 Arkansas Wtr Wsl Disp & Pall Abatemement C AR SOLE 06/06/19 47.610 High Point City -North Carolina Combined Enterprise Sys Rev Bonds N NC LEAD 06/06/19 6.560 Loudoun Co Economic Dev Auth Publiuc Facility Lease Rev Bonds C VA SOLE 06/06/19 163.110 Metro Washington Airports Auth Dulles Toll Rd 1 Sr Ln Ref Bonds N DC CO -MGR 06!11119 4.045 Fontana City -California Special Tax Bonds N CA SOLE 06/12/19 113.355 Chesapeake Hospital Authority Hospital Facility Revenue Bonds N VA CO -MGR 06/12/19 93.340 Fort Worth City -Texas Water & Sewer Sys Rev Bonds C TX SOLE 06/12/19 34.011 Gloucester Twp -New Jersey General Obligation Bonds C NJ SOLE 06113/19 60.000 Los Angeles Co (Norwalk -La Mirada) USD General Obligation Bonds N CA SOLE 06113/19 70.855 Massachusetts Housing Fin Agcy Housing Bonds N MA CO -MGR 06113/19 130.790 Metro Atlanta Rapid Transit Auth Sales Tax Revenue Bonds C GA SOLE 06113/19 45.949 Minnesota Housing Fin Agency Homeownership Finance Bonds N MN CO -MGR 06/13/19 130.955 NYC Housing Dev Corp Mufti -Family Housing Rev Bonds N NY CO -MGR 06/13/19 175.000 NYC Housing Dev Corp Multi -Family Housing Rev Bonds N NY CO -MGR 06/13/19 359.640 NYC Housing Dev Corp Multi -Family Housing Rev Bonds N NY CO -MGR Source: Refinitiv as of June 30, 2021 06113/19 43.870 New Mexico Finance Auth [NMFA) Revolving Fund Rev & Ref Bonds N NM CO -MGR 06/13/19 300.000 North Carolina Limited Obligation Build NC Bonds N IVC CO -MGR 06/13/19 196.805 Wake Co -North Carolina Limited Obligat-on Bonds N NC LEAD 06/18/19 73.845 Hidalgo Co Drainage Ot #1 Unlimited Tax Improvement Bonds N TX CO -MGR 06/18/19 8.881 Virginia Resources Auth (VRA) Clean Wtr Sl Match Rev Bond P VA SOLE 06/19/19 33.450 Colorado Hsg & Fin Auth (CHFA) Single Family Mortgage Bonds N CO CO -MGR 06/19/19 36.450 Colorado Hsg & Fin Auth (CHFA) Singel Family Mortgage Bonds N CO CO -MGR 06/19/19 141.070 Georgia General Ob:igation Bonds C GA SOLE 46/19/19 320.810 Georgia General Ob'igation Bonds C GA SOLE 06119/19 31.795 Port Freeport -Texas General Obligation Bonds N TX CO -MGR 46/20/19 6.000 Wright Co -Minnesota Certificates of Participation C MN SOLE 06/20/19 50.085 Wright Co -Minnesota Certification of Partic pation C MN SOLE 46/21/19 29.845 Connecticut St Revolv Fund Ref Gen Rev Bonds N CT CO -MGR 06/21/19 250.000 Connecticut St Revolv Fund Gen Rev Bonds N CT CO -MGR 06/25/19 300.000 Illinois State Toll Highway Auth Toll Highway Senior Revenue Bonds N It. LEAD 06/25/19 70.000 Los Angeles Dept Wtr & Pwr (LADWP) Wtr Sys Var Rate Demand Rev Bonds N CA SOLE 06/25/19 98,200 Port of Morrow -Oregon Transmission Facilties Rev Bonds N OR CO -MGR 06/26/19 161.310 Long Beach City-Califomia Harbor Revenue Bonds N CA CO -MGR 06/26119 10.160 Louisiana Gov Env Fac & CDA iLCDA) Revenue Bonds N LA SOLE 06/26/19 11.500 Louisiana Gov Env Fac & CDA iLCDA) Revenue Bonds N LA SOLE 06/26119 459.600 NYC Municipal Water Fin Auth Wtr & Swr Sys 2nd Gen Resol Bonds N NY CO -MGR 06/26/19 20.000 NYS Housing Fin -Mortgage Agcy Housing Revenue Bonds P NY SOLE 06/26/19 14.700 New Jersey Hsg & Mtg Fin Agency Multi -Family Conduit Rev Bonds N NJ SOLE 06/26/19 18.000 Newport News Redev & Hsg Auth Revenue Bonds P VA SOLE 06/27/19 306.985 North Carolina Medical Care Commiss Health Care fans Rev Bonds N NC CO MGR 06/28/19 44.655 Florida Govt Util Auth ;FGUA) Utility Refunding Revenue Bonds N FL CO..MGR 07/02/19 150.000 Green Bay Redevelopment Auth Facility Redev Revenue Bonds N WI SOLE 07/03/19 117.830 Illinois Finance Authority Revenue Bonds N IL SOLE 07/10/19 129.025 Charleston City -South Carolina Wtrwrks&Swr Sys Cap Imp Rev Bonds N SC LEAD 07/10/19 93.300 Deschutes Co (Bend -La Pine) ASD #1 General Obligation Bonds C OR SOLE 07/10/19 150.000 Hawaii Dept of Budget & Finance Special Purpose Revenue Bonds N HI CO -MGR 07/10/19 59.230 Montgomery Co (New Caney) ISD Unitd Tax Schoo. Building Bonds N TX CO -MGR 07/11/19 81.335 California State Univ Trustees Systemwide Revenue Bonds N CA CO -MGR 07/11/19 449.430 California State Univ Trustees Systemwide Revenue Bonds N CA CO -MGR 07/11/19 59.203 Colorado Hsg & Fin Auth (CHFA) Homeownership Bonds N CO CO -MGR 07/11/19 1.500 Michigan St Hsg Dev Au [MSHDA) Rental Housing Revenue Bonds N MI CO -MGR 07/11/19 30.735 Michigan St Hsg Dev Au [MSHDA) Rental Housing Revenue Bonds N MI CO -MGR 07/11/19 171.750 Michigan St Hsg Dev Au [MSHDA) Rental Housing Revenue Bonds N MI CO -MGR 07/11/19 75.000 NYC Municipal Water Fin Auth Water & Sewer System Rev Bonds N NY CO -MGR 07/11/19 75.000 NYC Municipal Water Fin Auth Water & Sewer System Rev Bonds N NY CO -MGR 07/11/19 300.000 NYC Municipal Water Fin Auth Water & Sewer System Rev Bonds N NY CO -MGR 07/11/19 9.600 NYS Housing Fin -Mortgage Agcy Affordable Housing Revenue Bonds N NY SOLE 07/11/19 72 770 NYS Housing Fin -Mortgage Agcy Affordable Housing Revenue Bonds N NY SOLE 07/15/19 40.269 Orange Co -California Teeter Plan Obligation Notes P CA SOLE 07/16/19 39.110 Maine State Housing Authority Mortgage Purchase Bonds N ME CO -MGR 07/16/19 85.765 Massachusetts Dev Finance Agcy Revenue Bonds N MA LEAD 07/16/19 59.851 Minnesota Housing Fin Agency Homeownership Finance Bonds N MN CO -MGR 07/17/19 5.590 Connecticut Housing & Fin Auth (CHFA) Hous'ng Mortgage Fin Prog Bonds N CT CO -MGR 07117/19 15.000 Connecticut Housing & Fin Auth (CHFA) Housing Mortgage Fin Prog Bonds N CT CO -MGR 07117/19 65.395 Connecticut Housing & Fin Auth (CHFA) Housing Mortgage Fin Prog Bonds N CT CO -MGR 07118/19 54.640 Maine Hllh & Hghr Ed Facs Auth Revenue Bonds N ME LEAD 07/22/19 11.575 Pasadena City -California E ectric Revenue Ref Bonds C CA SOLE 07/23/19 184.500 Florida Dept of Transportation Right of Way Acquisition & Bridge C FL SOLE 07/23/19 11.220 Montgomery Co Hsg Opportunifies Comm Program Revenue Bonds N MD CO -MGR 07/23/19 32.890 Montgomery Co Hsg Opportunities Comm Program Revenue Bonds N MD CO -MGR 07/24/19 30 440 Maryland Dept Hsg & Com Dev (DHCD) Housing Revenue Bonds N MD CO -MGR 07/24/19 800 000 New York City -New York Genera; Obligation Bonds N NY CO -MGR 07/24/19 26 905 Pennsylvania Hghr Ed Facs Auth College Revenue Bonds N PA SOLE Source: Refinitiv as of June 30, 2021 Sale D. Description 07/24/19 49.840 Vermont Ed & Hlth Bldgs Fin Agy Revenue Refunding Bonds N VT CO -MGR 07/25/19 7.860 Virginia Resources Auth (VRA) StMoralOblig&lnfrastructureBonds N VA LEAD 07/25/19 17.355 Virginia Resources Auth (VRA) SlMoralObfig&lnfrastructureBonds N VA LEAD 07/25/19 40.990 Virginia Resources Auth (VRA) Infrastructure Revenue Bonds N VA LEAD 07/26/19 189.920 Charlotte City -North Carolina GO Refunding Bonds N NC CO -MGR 07/30/19 104.775 Austin City -Texas Etc Util Sys Rev Ref & Imp Bonds N TX CO -MGR 07/30/19 169.850 Austin City -Texas Electric Util Sys Rev Ref Bonds N TX CO -MGR 07/30/19 48.630 San Diego Assoc of Governments Capital Grant Receipts Rev Bonds N CA LEAD 07/30/19 51.125 San Diego Assoc of Governments Capital Grant Receipts Rev Bonds N CA LEAD 07/30/19 53.745 San Diego Assoc of Governments Capital Grant Receipts Rev Bonds N CA LEAD 07/30/19 56.500 San Diego Assoc of Governments Capital Grant Receipts Rev Bonds N CA LEAD 07/30/19 125.000 San Diego Assoc of Governments Capital Grant Receipts Rev Bonds N CA LEAD 07/31/19 20.110 Colorado Hsg & Fin Auth (CHFA) Multi -Family Project Bonds N CO CO -MGR 07/31/19 22.215 Colorado Hsg & Fin Auth (CHFA) Multi -Family Project Bonds N CO CO -MGR 07/31/19 12.250 Gallatin Airport Authority Airport Revenue & Refunding Bonds P MT SOLE 08/01/19 .555 Lancaster Industrial Dew Auth Revenue Bonds N PA SOLE 08/01/19 4.825 Lancaster Industrial Dew Auth Revenue Bonds N PA SOLE 08/01/19 21.770 Lancaster Industrial Dew Auth Revenue Bonds N PA SOLE 08/06/19 108.970 Galveston Co (Clear Creek) ISO Unitd Tax School Building Bonds N TX CO -MGR 08/06/19 213.585 Pennsylvania Hghr Ed Facs Auth Refunding Revenue Bonds N PA CO -MGR 08/06/19 341.325 Pennsylvania Turnpike Commission Turnpike Revenue Bonds N PA CO -MGR 08/13/19 378.140 Chesapeake Bay Bridge & Tunn Dt 1st Tier Gen Resolution Rev BANs N VA CO -MGR 08/13119 74.862 Colorado Hsg & Fin Auth (CHFA) Homeownership Class I Bonds N CO CO -MGR 08/13/19 81.000 Odessa City -Texas Combination Tax & Rev Certs of Ob N TX CO -MGR 08/14/19 .765 Arizona Industrial Dew Auth Lease Revenue Bonds N AZ SOLE 08/14/19 14.555 Arizona Industrial Dew Auth Lease Revenue Bonds N AZ SOLE 08/15/19 7.415 District of Columbia Hsg Fin Agy Multi -Family Housing Rev Bonds N DC SOLE 08/15/19 12.285 District of Columbia Hsg Fin Agy Multi -Family TE Mtg Backed Bonds N DC SOLE 08/15/19 39.725 Georgia Priv College & Univ Auth Revenue Bonds N GA CO -MGR 08/15/19 218.115 Georgia Priv College & Univ Auth Revenue Bonds N GA CO -MGR 08/15/19 150.000 North Carolina Housing Fin Agcy Home Ownership Revenue Bonds N NC CO -MGR 08/15/19 99.000 South Dakota Housing Dew Auth Homeownership Mortgage Bonds N SD CO -MGR 08/16/19 32.065 Fulton Co Development Authority Revenue Bonds N GA CO -MGR 08/16/19 131.575 Fulton Co Development Authority Revenue Bonds N GA CO -MGR 08/16/19 52.005 Pennsylvania Housing Fin Agcy (PHFA) Single Family Mortgage Rev Bonds N PA CO -MGR 08/16/19 122.920 Pennsylvania Housing Fin Agcy (PHFA) Single Family Mortgage Rev Bonds N PA CO -MGR 08/19/19 69.970 Jefferson Co (Nederland) ISD Untd Tx School Building Bonds N TX LEAD 08/20/19 13.225 Minnesota Housing Fin Agency Residential Housing Finance Bonds N MN CO -MGR 08/20/19 43.985 Minnesota Housing Fin Agency Residential Housing Fin Bonds N MN CO -MGR 08/20/19 46.015 Minnesota Housing Fin Agency Residential Housing Finance Bonds N MN CO -MGR 08/20/19 96.775 Minnesota Housing Fin Agency Residential Housing Finance Bonds N MN CO -MGR 08/21/19 99.000 Oregon Hsg & Comm Svcs Dept Mortgage Revenue Bonds N OR CO -MGR 08/21/19 60.775 Petaluma City -California Wastewater Revenue Ref Bonds C CA SOLE 08/21119 2.435 Santa Clara Co (Union) ESD General Obligation Bonds N CA SOLE 08/21/19 11.562 Santa Clara Co (Union) ESD GO Capital Appreciation Bonds N CA SOLE 08/21/19 125.000 Wisconsin Hsg & Econ Dew Auth Home Ownership Revenue Bonds N WI LEAD 08/22/19 58.750 Charlotte City -North Carolina Water & Sewer Revenue Ref Bonds N NC CO -MGR 08/22/19 37.185 Fulton Co Development Authority Refunding Revenue Bonds N GA CO -MGR 08/22/19 23.305 Houston City -Texas Public Improvement Ref Bonds N TX CO -MGR 08/22/19 214.625 Houston City -Texas Public Improvement Ref Bonds N TX CO -MGR 08/22/19 255.385 Houston City -Texas Public Improvement Ref Bonds N TX CO -MGR 08/22/19 26.775 Minnesota Housing Fin Agency State Appropriation Bonds N MN CO -MGR 08/22/19 102.035 North Carolina Muni Pwr Agcy #1 Catawba Electric Rev Rei Bonds N NC CO -MGR 08/22/19 84.980 Pennsylvania Hghr Ed Facs Auth Revenue & Refunding Bonds C PA SOLE 08/26/19 858.435 Massachusetts GO Refunding Bonds N MA CO -MGR 08/27/19 9.150 Massachusetts Housing Fin Agcy Single Family Housing Rev Bonds N MA CO -MGR 08/27/19 14.000 Massachusetts Housing Fin Agcy Single Family Mortgage Rev Bonds N MA CO -MGR 08/27/19 20.290 Massachusetts Housing Fin Agcy Single Family Housing Rev Bonds N MA CO -MGR Source: Refinitiv as of June 30, 2021 08/28/19 99.350 Contra Costa Comm College Dt General Obligat-on Bonds N CA CO -MGR 08/28/19 221.660 Contra Costa Comm College Dt GO Refunding Bonds N CA CO -MGR 08/28/19 137.135 Delaware Transportat on Auth Transportation Sys Sr Rev Bonds C DE SOLE 08/28/19 127.650 Minneapolis -St Paul Metro Airports Comm Sub Airport Rev & Ref Bonds N MN CO -MGR 08/28/19 164.320 Minneapolis -St Paul Metro Airports Comm Sub Airport Rev & Ref Bonds N MN CO -MGR 08/28/19 24.380 Mississippi Med Ctr Ed Bldg Corp Revenue Bonds N MS CO -MGR 09/04119 32.330 Faulkner Co (Conway) SD #1 Refunding Bands C AR SOLE 09/04119 40.000 Placer Co (Tahoe Truckee) USD Certificates of Participation N CA SOLE 09/04/19 60.500 Tennessee Hsg Dev Agcy (THDA) Residential F;nance Program Bands N TN CO -MGR 09/04/19 89.500 Tennessee Hsg Dev Agcy (THDA? Residential Finance Program Bands N TN CO -MGR 09/05/19 59.050 Benton Co (Rogers) SO #30 Construction Bonds C AR SOLE 09/05/19 81.735 California Various Purpose GO Bonds N CA CO -MGR 09/05119 2,323.585 California Various Purpose GO & Ref Bonds N CA CO -MGR 09/05/19 61.504 Chicago City BOE Unitd Tax GO Refunding Bonds N IL CO..MGR 09/05/19 287.575 Chicago City BOE Unitd Tax GO Refunding Bonds N IL CO -MGR 09/05/19 43.565 Davis SD BOE GO Refunding Bonds N UT SOLE 09/05/19 54.460 Montana Bd of Regents of Higher Ed General Revenue Bonds N MT CO MGR 09/05/19 92.355 Montana Bd of Regents of Higher Ed General Revenue Bonds N MT CO -MGR 09/06/19 28.485 Fulton Co Development Authority Refund ng Revenue Bonds N GA CO -MGR 09/10/19 72.440 Albany Co -New York Various Purpose Serial Bonds C NY SOLE 09/10/19 106.530 Anchorage City -Alaska GO & Refunding Bonds N AK LEAD 09/10/19 65.285 Mississippi Home Corporation Single Family Mortgage Rev Bonds N MS CO -MGR 09/10/19 150.000 Univ of Virginia Rector & Visitors General Revenue Pledge Bonds N VA CO -MGR 09/11/19 24.985 Alaska Housing Finance Corp General Mortgage Revenue Bonds N AK CO -MGR 09/11/19 136.700 Alaska Housing Finance Corp General Mortgage Revenue Bands N AK CO -MGR 09/11/19 20.000 NYS Housing Fin -Mortgage Ag. -:y Homeowner Mtg Revenue Bonds N NY CO -MGR 09/11/19 66.740 NYS Housing Fin -Mortgage Ag --y Homeowner Mtg Revenue Bonds N NY CO -MGR 09/11/19 125.440 NYS Housing Fin -Mortgage Agcy Homeowner Mtg Revenue Bonds N NY CO -MGR 09/11/19 10.395 Tarrant Co (Grapevine-Colleyville) ISD School Building Bonds N TX LEAD 09/11/19 42.950 Tarrant Co (Grapevine-Colleyville) ISD School Building Bonds N TX LEAD 09/11/19 39.125 West Virginia University Bd of Gov Refunding Revenue Bonds N WV CO -MGR 09/111/19 85.840 West Virginia University Bd of Gov Improvement Revenue Bonds N WV LEAD 09/12/19 218.175 Long Island Power Authority Electric System Gen Rev Bonds N NY CO -MGR 09/12/19 284.250 Long Island Power Authority Electric System Gen Rev Bonds N NY CO -MGR 09/12/19 164.430 Missouri -Illinois Met Ot Bi -St Dev Agy Mass Trans Sales Tax App Bonds N MO LEAD 09/12119 8.460 NYC Housing Dev Corp Multi -Family Housing Rev Bonds N NY CO -MGR 09/12119 205.885 NYC Housing Dev Corp Multi -Family Housing Rev Bonds N NY CO -MGR 09/18/19 70.445 Columbia City-Missoun Water & Elctrc Sys Ref Rev Bonds C MO SOLE 09/17/19 126.685 Alaska Indus Dev & Export Auth Revenue Bonds N AK CO -MGR 09/17/19 5.405 Cleveland City -Ohio Airport System Revenue Bonds N OH CO -MGR 09/17/19 34.605 Cleveland City -Ohio Airport System Revenue Bonds N OH CO -MGR 09/17/19 301.665 Cleveland City -Ohio Airport System Revenue Bonds N OH CO -MGR 09/17/19 56.250 Lowell City -Massachusetts GO St Qual Muni Purp Loan Bonds C MA SOLE 09/17/19 121.910 South Carolina State Ports Auth Revenue Bonds N Sc CO -MGR 09/17/19 125.000 South Carolina State Ports Auth Revenue Refunding Bonds N SC CO -MGR 09/17/19 258.420 South Carolina State Ports Auth Revenue Bonds N SC CO -MGR 09/18/19 138.690 Georgia Housing Finance Authority Single Family Mortgage Bonds N GA CO -MGR 09118/19 26.680 Manassas Park -Virginia GO Refunding Bonds C VA SOLE 09/18/19 41.145 NYS Dorm Authority Revenue Bonds N NY CO -MGR 09/18/19 53.725 NYS Dorm Authority Adjustable Rate Revenue Bonds N NY CO -MGR 09/18/19 53.725 NYS Dorm Authority Adjustable Rate Revenue Bonds N NY CO -MGR 09/18/19 53.730 NYS Dorm Authority Adjustable Rate Revenue Bonds N NY CO -MGR 09/19/19 67.720 Champaign CUSD #4 GO Alt Rev Source Refunding Bonds N IL CO -MGR 09/19/19 68.590 Florence -South Carolina Wtrwks & Swr Sys & Cap Imp Bonds C SC SOLE 09/19/19 9.455 St Joseph Co -Indiana Economic Development Rev Bonds N IN SOLE 09/19/19 116.545 St Joseph Co -Indiana Economic Development Rev Bonds N IN SOLE 09/19/19 20.545 St Joseph Co -Indiana Economic Development Rev Bonds N IN SOLE 09/20/19 266.975 Georgia Muni Electric Au (MEAG) Revenue Bonds N GA LEAD Source Refinitiv as of June 30, 2021 Sale D. Descriptio L Bid State Rote 09!20119 445.635 Georgia Muni Electric Au (MEAG) Revenue Bonds N GA LEAD 09/20/19 1,135.370 Greater Orlando Aviation Auth Airport Facilities Revenue Bonds N FL LEAD 09/23/19 7.700 District of Columbia Hsg Fin Agy Multi -Family Dev Program Bonds N DC LEAD 09/23/19 17.720 District of Columbia Hsg Fin Agy Multi -Family Dev Program Bonds N DC LEAD 09/24/19 54.000 Hampton City -Virginia GO Public Improvement Bonds C VA SOLE 09/24/19 150.000 New Jersey Trans Trust Fund Au Transportation Program Notes N NJ SOLE 09/24/19 1,000.000 New Jersey Trans Trust Fund Au Transportation Program Bonds N NJ LEAD 09/24/19 22.985 Texas Water Development Board St Wtr Implementation Fund Bonds N TX CO -MGR 09/24/19 835.825 Texas Water Development Board St Wtr Implementation Fund Bonds N TX CO -MGR 09/24/19 50.000 Virginia Housing Dev Auth (VHDA) Rental Housing Bonds C VA SOLE 09/25/19 29.385 Connecticut Housing & Fin Auth (CHFA) Housing F:nance Prog Bends N CT CO -MGR 09/25/19 98.690 Connecticut Housing & Fin Auth (CHFA) Housing Finance Prog Bonds N CT CO -MGR 09/26119 80.000 Hawaii Dept of Budget & Finance Special Purpose Revenue Bonds N HI CO -MGR 09/25/19 90.280 Las Vegas Va, ley Water Dt GO Ltd Tx Water Refunding Bonds C NV SOLE 09/25/19 3.390 Univ of Mississippi Ed Bldg Corp Revenue Refunding Bonds N MS CO -MGR 09/25119 73.350 Univ of Mississippi Ed Bldg Corp Revenue Refunding Bonds N MS CO -MGR 09/26/19 14.420 Louisiana Gov Env Fac & CDA (LCDA) Revenue Bands N LA SOLE 09/26/19 235.840 Mississippi General Ob:igation Bonds N MS LEAD 09/26/19 3.580 Montgomery Co Hsg Opportunities Comm Multi -Family Housing Dev Bonds N MD LEAD 09/26/19 51.420 Montgomery Co Hsg Opportunities Comm Multi -Family Housing Dev Bonds N MD LEAD 09/26/19 19.915 North Charleston City South Carolina Ltd Oblig Tx Inc Pledge Bonds N SC SOLE 09/26/19 21.705 Suffolk City -Virginia General Obligation Bonds N VA SOLE 09/26/19 52.335 Suffolk City -Virginia GO Refunding Bonds N VA SOLE 09/27/19 34.445 Maine Stale Housing Authority Mortgage Revenue Bonds N ME CO -MGR 10/01/19 147,495 Trinity River Authority Revenue Improvemebt & Ref Bonds N TX CO -MGR 10/01/19 2.355 Univ of North Carolina Bd of Gov General Revenue & Refunding Bonds N NC SOLE 10/01/19 39.040 Univ of North Carolina Bd of Gov General Revenue & Refunding Bonds N NC SOLE 10/01/19 11.180 Univ of North Carolina -Wilmington General Revenue Refunding Bonds N NC SOLE 10/02/19 50.000 Indianapol.s Loc Pub Imp Bond Bank Revenue Bonds N IN LEAD 10/02/19 199.505 Massachusetts Dept of Transport Metropolitan Hway Sys Ref Bond N MA CO -MGR 10/02/19 464.650 Massachusetts Dept of Transport Metropolitan Hway Sys Ref Bond N MA CO -MGR 10/02119 49.940 Ohio Higher Ed Fac Commission Revenue Bonds N OH LEAD 10/02/19 29.895 Trinity River Authority Revenue Improvement & Ref Bonds N TX LEAD 10/03/19 90.050 Florida Govt Will Auth (FGUA) Utility Refunding Revenue Bonds N FL CO -MGR 10/03119 230.880 Harris Co (Spring Branch) ISD Unlimited Tax Schoolhouse Bonds N TX CO -MGR 10/03/19 215.000 Indiana Finance Authority State Revolving Fund Prog Bonds N IN CO -MGR 10/03/19 27.490 Maryland Dept Hsg & Com Dev (DHCD) Residential Revenue Bonds N MD CO -MGR 10/03/19 319.580 Maryland Dept Hsg & Com Dev (DHCD) Residential Revenue Bonds N MD CO -MGR 10/03/19 39.800 Portland City -Oregon 2nd Lien Wir Sys Rev Ref Bonds N OR CO -MGR 10/03/19 112.005 Portland City -Oregon 2nd Lien Wtr Sys Rev Ref Bonds N OR CO -MGR 10/03/19 111.920 So California Pub Pwr Au (SCPPA) Refunding Revenue Bonds N CA LEAD 10/04/19 340.000 New York City -New York General Obligation Bonds N NY CO -MGR 10/04/19 510.000 New York City -New York General Obligation Bonds N NY CO -MGR 10/08/19 42.645 Chattanooga City -Tennessee GO & Refunding Bonds C TN SOLE 10/08/19 68.180 Minneapolis City -Minnesota Health Care Sys Rev Ref Bonds N MN CO -MGR 10/08/19 175.625 Oregon General Obligation Bonds N OR CO -MGR 10/08/19 190.865 Oregon General Obligation Bonds N OR CO -MGR 10/09/19 18.500 Aiken Co CSD General Obligation Bonds C SC SOLE 10/09/19 15.000 Connecticut Housing & Fin Auth (CHFA) Hsg Mortgage Finance Prog Bonds N CT CO -MGR 10/09/19 68.735 Connecticut Housing & Fin Auth (CHFA) Hsg Mortgage Finance Prog Bonds N CT CO -MGR 10/09/19 50.000 Massachusetts Water Resources Au General Revenue Bonds N MA CO -MGR 10/09/19 547.750 Massachusetts Water Resources Au General Revenue Bonds N MA CO -MGR 10/09/19 63.175 Michigan St Hsg Dev Au (MSHDA) Single Family Mortgage Rev Bonds N MI CO -MGR 10/09119 261.825 Michigan St Hsg Dev Au (MSHDA) Single Family Mortgage Rev Bonds N MI CO -MGR 10/09119 33.615 Wisconsin Public Finance Auth Revenue Bonds N WI SOLE 10/10/19 123.225 Florida Dept of Transportation Fed Hway Reimbursement Rev Bonds C FL SOLE 10/10/19 18.640 Nevada System of Higher Ed Universities Revenue Bonds C NV SOLE 10/10/19 106.100 Sacramento Transportation Auth Sales Tax Revenue Ref Bonds N CA SOLE Source: Refinitiv as of June 30, 2021 10/11/19 29.685 Greensboro City -North Carolina Limited Obligation Bonds N NC LEAD 10/11/19 49.965 So Regional Joint Development Auth Refunding Revenue Bonds N GA SOLE 10/15/19 52.565 Beaufort -Jasper Wtr & Swr Auth Waterworks & Swr Sys Rev Bonds N SC SOLE 10/15/19 18.750 California Housing Finance Agcy Ltd Oblig Multi Fmly Hsg Rev Note P CA SOLE 10/15/19 36.860 Wake Co -North Carolina GO Pk Greenways Rec & Space Bonds C NC SOLE 10/16/19 42.575 Albuquerque City -New Mexico Refunding & Improvement Rev Bonds N NM LEAD 10/16/19 32.995 Central Berkshire RSD GO State Qualified School Bonds C MA SOLE 10/16/19 300.000 Ohio Water Development Authority Water Pot. Ctr Ln Fund Ref Bonds N OH CO -MGR 10/16/19 28.990 Oregon General Obligation Bands N OR CO -MGR 10/16/19 70.960 Semitropic Improvement Dt Water Banking Rev Ref Bonds N CA SOLE 10/16/19 42.545 St Petersburg City -Florida Public Utility Ref Revenue Bonds C FL SOLE 10/16/19 322.020 Western Minnesota Municipal Power Agcy Power Supply Rev Ref Bonds N MN CO -MGR 10/17/19 3.695 Colorado Hsg & Fin Auth (CHFA) Single Family Mortgage Rev Bonds N CO CO -MGR 10/17/19 27.505 Colorado Hsg & Fin Auth (CHFA) Single Family Mortgage Rev Bonds N CO CO -MGR 10/17/19 55.285 Colorado Hsg & Fin Auth (CHFA) Single Family Mortgage Rev Bonds N CO CO -MGR 10/17/19 191.610 Massachusetts Clean Water Trust State Revo wing Fund Bonds N MA CO -MGR 10/17/19 16.875 Montgomery Co (New Caney) ISD Unitd Tax Refunding Bonds N TX CO -MGR 10/17/19 17.640 NYS Housing Fin -Mortgage Agcy Affordab'.e Housing Rev Bonds N NY CO -MGR 10/17/19 34.080 NYS Housing Fin -Mortgage Agcy Affordable Housing Rev Bonds N NY CO -MGR 10/17/19 49.200 NYS Housing Fin -Mortgage Agcy Affordable Housing Rev Bonds N NY CO -MGR 10/17/19 90.995 Nebraska Public Power Dt General Revenue Bonds N NE CO -MGR 10/17/19 26.670 Richland Co -South Carolina Installment Purchase Rev Bonds N SC SOLE 10/17/19 34.610 Virginia Public School Authority Special Oblig Sch Fin Ref Bonds N VA CO -MGR 10/18/19 15.185 Cape Fear Public Utility Auth Water & Sewer Sys Rev & Ref Bonds N NC CO -MGR 10/18/19 77.580 Cape Fear Public Utility Auth Water & Sewer Sys Rev & Ref Bonds N NC CO -MGR 10/21/19 106.478 Virginia Housing Dev Auth (VHDA) Commonwealth Mortgage Bonds N VA LEAD 10/22/19 92.630 Allegheny Co Industrial Dev Auth Environmental Imp Rev Ref Bonds N PA CO -MGR 10/22/19 275.000 Hoover Industrial Dev Board Environmenta Imp Rev Bonds N AL CO -MGR 10/22/19 84.980 Kent Hospital Finance Auth Revenue Refunding Bonds N MI CO -MGR 10/22/19 36.415 Mane Hlth & H9hr Ed Facs Auth Revenue Bonds N ME CO -MGR 10/23/19 20 060 Massachusetts Housing Fin Agcy Housing Bonds N MA CO -MGR 10/23/19 71.940 Massa--husetts Housing Fin Agcy Housing Bonds N MA CO -MGR 10/23/19 52.960 Montgomery Economic Dev Auth Revenue Bonds N VA CO -MGR 10/23/19 104.695 Montgomery Economic Dev Auth Revenue & Refunding Bonds N VA CO -MGR 10/24/19 32.335 Arlington Co V rgmia GO Refunding Bonds N VA LEAD 10/25/19 137.755 Omaha Public Power Dt (OPPD) Electric System Rev Bonds N NE CO -MGR 10/29/19 294.905 California Municipal Fin Auth Special Facility Revenue Bonds N CA CO -MG [Z 10/30/19 2.625 Fort Bend Co (Katy) ISO Refunding Bonds N TX LEAD 10130/19 166.545 Fort Bend Co (Katy) ISD Refunding Bonds N TX LEAD 10/30/19 418.120 Lehigh Co General Purpose Auth Hospital Revenue Bonds N PA CO -MGR 10/30/19 32.885 Virginia Resources Auth (VRA) State Moral Obligation Rev Bonds C VA SOLE 10/31/19 49.035 Mississippi Development Bank Special Obligation Ref Bonds N MS LEAD 10131/19 25.815 Mountain Reg Water Spec Svc Dt Water Revenue Ref Bonds N UT SOLE 11/01/19 55.180 Colorado Health Facilities Auth Hospital Revenue Ref Bonds P CO SOLE 11/01/19 62.500 Colorado Health Facilities Auth Hospital Revenue Ref Bonds P CO SOLE 11/01/19 117.680 Colorado Health Facilities Auth Hospital Revenue Ref Bonds P CO SOLE 11/05/19 140.790 Garland City -Texas Electric Utility System Rev Ref N TX CO -MGR 11/05/19 103.805 Orange Co -Florida Sales Tax Revenue Ref Bonds C FL SOLE 11/06/19 715.420 Massachusetts School Bldg Auth Subor Dedicated Sales Tax Bonds N MA CO -MGR 11/06/19 100.000 Ohio Public Fac Commission General Obligation Bonds C OH SOLE 11/06/19 297.840 Oregon Dept of Transportation Hway User Tax Sub Lien Bonds N OR CO -MGR 11/06/19 323.050 Oregon Dept of Transportation Highway User Tax Sr Lien Bonds N OR CO -MGR 11/06/19 200.000 Tennessee Hsg Dev Agcy (THDA) Residential Finance Program Bonds N TN CO -MGR 11/06/19 61.830 Utah Transit Au (UTA) Sales Tax Revenue Bonds N UT LEAD 11/06/19 247.880 Utah Transit Au (UTA) Sales Tax Revenue Rei Bonds N UT LEAD 11/07/19 53.445 Indiana Finance Authority St Revolv Fund Frog Ref Bonds N IN LEAD 11/07/19 5.530 Washington St Hsg Fin Commission Single -Family Program Bonds N WA CO -MGR 11/07/19 14.390 Washington St Hsg Fin Commission Single -Family Program Bonds N WA CO -MGR Source: Refinitiv as of June 30. 2021 Sale Date •N 11/07/19 18.615 Washington St Hsg Fin Commission Single -Family Program Bonds WA CO -MGR 11/08119 570.940 Central Florida Expressway Au Senior Lien Revenue Bonds N FL LEAD 11/08/19 252.385 Georgia Muni Electric Au (MERG) Subordinated Revenue Bonds N GA LEAD 11/12/19 23.370 Collin Co (Plano) ISO Unitd Tx SCh Bldg & Ref Bonds C TX SOLE 11/13/19 74.000 California Housing Finance Agcy Multi -Family Mtg Backed Bonds N CA SOLE 11/13/19 42.350 Maine Hlth & Hghr Ed Facs Auth Revenue Bonds N ME CO -MGR 11/13/19 90.295 Minnesota Housing Fin Agency Homeownership Finance Bonds N MN CO -MGR 11/13/19 151.580 South Carolina State Ports Auth Revenue Refunding Bonds N SC CO -MGR 11/13/19 705.550 Texas Transportation Commission St of Texas Hway Imp GO Ref Bonds N TX CO -MGR 11/13/19 396.315 Washington Motor Vehicle Fuel Tx GO Rei Bond N WA CO -MGR 11/14/19 369.045 Clark Co -Nevada Refunding Revenue Bonds N NV LEAD 11/14/19 9.075 Conroe City -Texas Limited Tax Refunding Bonds N TX LEAD 11/14/19 19.915 Conroe City -Texas Certificates of Obligation N TX LEAD 11/14/19 23.730 Conroe City -Texas Certificates of Obligation N TX LEAD 11/14/19 40.000 Gary Building Corporation Lease Rental Revenue Bonds N IN SOLE 11114/19 81.836 Hawaii Highway Revenue Bonds N HI LEAD 11/14/19 53.500 Massachusetts Federal Highway GANs N MA CO -MGR 11/14/19 200.000 Massachusetts Commonwealth Tranpo Fund Rev Bond N MA CO -MGR 11/14/19 332.770 Metro Wastewater Reclamation Dt Sewer Refunding Bonds N CO LEAD 11/14/19 149.995 Univ of North Carolina Bd of Gov Revenue Bonds N NC CO -MGR 11/15/19 32.575 Florida Gulf Coast Univ Fin Corp Capital Improvement Ref Rev Bonds N FL LEAD 11/15/19 162.605 NYS Housing Fin -Mortgage Agcy Homeowner Mortgage Rev Bonds N NY CO -MGR 11/15/19 9.500 Orange Water & Sewer Authority Water & Sewer Sys Rev Ref Bonds N NC SOLE 11/15/19 18.640 Orange Water & Sewer Authority Water & Sewer Sys Rev Bonds N NC SOLE 11/15/19 13.800 Pennsylvania Housing Fin Agcy (PHFA) Single Family Mortgage Rev Bonds N PA CO -MGR 11/15/19 123.235 Pennsylvania Housing Fin Agcy (PHFA) Single Family Mortgage Rev Bonds N PA CO -MGR 11/15/19 13.300 Wisconsin Hsg & Econ Dev Auth Housing Revenue Bonds N WI CO -MGR 11/15/19 24.360 Wisconsin Hsg & Econ Dev Auth Housing Revenue Bonds N WI CO -MGR 11/15/19 45.475 Wisconsin Hsg & Econ Dev Auth Housing Revenue Bonds N WI CO -MGR 11/15/19 57.195 Wisconsin Hsg & Econ Dev Auth Housing Revenue Bonds N Wl CO -MGR 11/19/19 500.000 California Health Facs Fin Auth Senior Revenue Bonds N CA CO -MGR 11/19/19 37.400 Memorial City Redev Auth Tax Inc Contract Rev & Ref Bonds N TX LEAD 11/19/19 25.445 Nevada GO Wtr Poll Ctrl Revolt' Lev Bonds C NV SOLE 11/19/19 2.620 Salt Lake City -Utah Sales & Excise Tx Rev Ret Bonds N UT SOLE 11/19/19 58.540 Salt Lake City -Utah Sales & Excise Tx Rev Ref Bonds N UT SOLE 11/19/19 401.360 Williamson Co (Round Rock) ISD Unitd Tax School Bldg Ref Bonds N TX CO -MGR 11/19/19 140.790 Wisconsin Hlth & Ed Fac Auth (WHEFA) Revenue Bonds N WI CO -MGR 11/20/19 165.805 Colorado Certificates of Participation N CO CO -MGR 11/20/19 65.000 Co'orado Hsg & Fin Auth (CHFA) Homeownership Class 1 Bonds N CO CO -MGR 11/20/19 18.765 Fa.rfax Co Water Authority Water Refunding Revenue Bonds N VA LEAD 11120/19 91.230 Fa rfax Co Water Authority Water Refunding Revenue Bonds N VA LEAD 11/20/19 39.205 Idaho Stale Building Authority St Building Refunding Rev Bonds N ID SOLE 11120/19 32.000 Lakeland City -Florida Revenue Note P FL SOLE 11/20/19 1.280 Massachusetts Housing Fin Agcy Housing Bonds N MA CO -MGR 11/20/19 13.860 Massachusetts Housing Fin Agcy Housing Bonds N MA CO -MGR 11/20/19 92.920 Massachusetts Housing Fin Agcy Housing Bonds N MA CO -MGR 11/20/19 98.120 M;dland Co Fresh Wtr Supply Dt #1 Revenue Refunding Bonds N TX LEAD 11/20/19 7 565 Montgomery Co Hsg Opportunities Comm Mult--Fami y Housing Rev Bonds N MD CO -MGR 11/20/19 9.840 Montgomery Co Hsg Opportunities Comm Multi-Fami;y Housing Rev Bonds N MD CO -MGR 11/20/19 261 165 Troy Capital Resource Corporation Revenue Refunding Bonds N NY CO -MGR 11/20/19 200 000 University of Pittsburgh Pitt Asset Notes N PA CO -MGR 11120/19 400 000 University of Pittsburgh University Bonds N PA CO -MGR 11/21/19 115.979 North Carolina Turnpike Authority Revenue Bonds N NC CO -MGR 11/21/19 370.975 North Carolina Turnpike Authority Senor Lien Revenue Bonds N NC CO -MGR 11/21/19 86.145 University of Cincinnati General Receipts Bonds N OH LEAD 11/21/19 234.215 University of Cincinnati General Receipts Bonds N OH LEAD 11/28/19 5.785 Henry Co Industrial Dev Auth Publ.c Facifty tease Rev Bonds N VA LEAD 11/28/19 19.515 Henry Co Industrial Dev Auth Grant RANs N VA LEAD Source Refinitiv as of June 30. 2021 :D. Description .d 12/03/19 21.170 Will Co Forest Preserve Dt GO Limited Tax Bonds N IL SOLE 12/04/19 14.970 Delano Earlimart Irrigation Dt Refunding Revenue Bonds N CA SOLE 12/04/19 16.905 Denton Co (Little Elm) ISD School Building Bonds N TX LEAD 12/04/19 18.485 Denton Co (Little Elm) ISD Refunding Bonds N TX LEAD 12/04119 49.500 Denton Co (Little Elm) ISD Refunding Bonds N TX LEAD 12/04/19 37.710 Lexington Ind Dev Auth Educationai Facs Rev Ref Bonds N VA LEAD 12/04/19 5.995 NYS Housing Fin -Mortgage Agcy Affordable Housing Revenue Bonds N NY CO -MGR 12/04/19 438.120 NYS Housing Fin -Mortgage Agcy Affordable Housing Revenue Bonds N NY CO -MGR 12/04/19 619.775 New Jersey Trans Trust Fund Au Transpiration System Bonds N NJ CO MGR 12/04/19 946.335 New Jersey Trans Trust Fund Au Transpiration System Bonds N NJ CO -MGR 12/04/19 180.010 Ohio Major New St Infra Proj Rev Bonds N OH CO.MGR 12/04/19 29.480 Port Freeport -Texas Sr Lien Revenue Bonds N TX CO -MGR 12/04/19 45.200 Port Freeport -Texas Sr Lien Revenue Bonds N TX CO -MGR 12/05/19 414.345 Hampton Roads Trans Acc Com (HRTAC) Intermediate Len BANS N VA CO -MGR 12/05/19 72.355 Louisiana St Univ & Agri & Mech Cal; Auxil ary Revenue Ref Bonds N LA CO -MGR 12105!19 637.665 NYC Municipal Water Fin Auth Wtr & Swr Sys 2nd Gen Reso Bonds N NY CO -MGR 12/05/19 19.390 Patriots Energy Group Gas System Imp & Ref Rev Bonds N SC SOLE 12/05/19 442.620 San Diego Co Reg Trans Comm Sales Tax Revenue Bonds N CA CO -MGR 12/05/19 52.440 Upper Occoquan Sewerage Auth Regional Sewerage Sys Rev Bonds C VA SOLE 12/06/19 22.130 NYC Housing Dev Corp Multi Family Housing Rev Bonds N NY SOLE 12/06/19 71.330 NYC Housing Dev Corp Multi -Family Housing Rev Bonds N NY CO MGR 12/06/19 243.170 NYC Housing Dev Corp Multi -Family Housing Rev Bonds N NY CO -MGR 1211Ili 9 68.480 Alaska Indus Dev & ExportAuth Refunding Revenue Bonds N AK LEAD 12/11/19 48.324 Minnesota Housing Fin Agency Homeownership Finance Bonds N MN CO -MGR 12/11/19 150.000 North Carolina Housing Fin Agcy Home Ownership Revenue Bonds N NC CO -MGR 12/11/19 66.265 Vauxmont Metropolitan Dt Sub Ltd Tx GO & Spec Rev Ref Bond N CO SOLE 12/11/19 66.355 Vauxmont Metropolitan Dt Sr Ltd Tx GO & Spec Rev Ref Bond N CO SOLE 12/12/19 12.400 Erie Commons Metro Dt #2 Sub GO Limited Tax Bonds N CO SOLE 12/12/19 20.250 Erie Commons Metro Dt #2 Senior GO Limited Tax Bonds N CO SOLE 12/12/19 7.770 Greenwood City -South Carolina Comb Pub Util Sys Rev Ref Bonds N SC SOLE 12/12/19 122.915 Illinois Finance Authority Revenue Refunding Bonds N IL SOLE 12/12/19 4.495 Massachusetts Housing Fin Agcy Single Family Housing Rev Bonds N MA CO -MGR 12/12/19 73.710 Massachusetts Housing Fin Agcy Single Family Housing Rev Bonds N MA CO -MGR 12/12/19 72.165 Metro Washington Airports Auth Airport Sys Revenue Ref Bonds N DC LEAD 12/12/19 283.385 Metro Washington Airports Auth Airport Sys Revenue Ref Bonds N DC LEAD 12/13119 340.000 NYC Transitional Finance Auth Future Tax Secured Sub Bonds N NY CO -MGR 12/13/19 510.000 NYC Transitional Finance Auth Future Tax Secured Sub Bonds N NY CO -MGR 12/17/19 50.265 Ctl Texas Reg Mobility Au (CTRMA) Sr Lien Revenue Bonds N TX CO -MGR 12/17/19 170.995 Maine Governmental Facs Auth (MGFA) Lease Rental Revenue Bonds N ME CO -MGR 12117/19 34.350 Maine State Housing Authority Mortgage Purchase Bonds N ME CO -MGR 12/17/19 15.070 New Jersey Hsg & Mtg Fin Agency Multi -Family Conduit Rev Bonds N NJ SOLE 12/17/19 37.480 New Jersey Hsg & Mtg Fin Agency Multi -Family Conduit Rev Bonds N NJ SOLE 12/18/19 34.205 Arizona Board of Regents Revenue Refunding Bands N AZ CO -MGR 12/18/19 78.520 Arizona Board of Regents Revenue Refunding Bonds N AZ CO -MGR 12/18/19 39.460 NYS Dorm Authority State Personal Inc Tax Rev Bonds N NY CO -MGR 12/18/19 1,391.585 NYS Dorm Authority State Personal Inc Tax Rev Bonds N NY CO -MGR 12/18/19 1,973.575 NYS Dorm Authority State Personal Inc Tax Rev Bonds N NY CO -MGR 01/07/20 197.075 EI Paso ISD Unitd Tx School Building Bonds N TX CO -MGR 01/08/20 118.030 Philadelphia City -Pennsylvania GO Refunding Bonds N PA LEAD 01/08/20 279 465 Tarrant Co (Keller) ISD Unitd Tax School Building Bonds N TX CO -MGR 01/09/20 510.275 Arizona Transportation Board Highway Revenue Refunding Bonds N AZ CO -MGR 01/09/20 50.000 Ohio Hospital Revenue Bonds N OH CO -MGR 01/09/20 290.400 Ohio Hospital Revenue Bonds N OH CO -MGR 01/15/20 14.518 Champaign CUSD #4 GO School Building Bonds N IL CO -MGR 01/15/20 65.860 Champaign CUSD #4 GO School Building & Rei Bonds N IL CO -MGR 01/15/20 134.580 San Antonio City -Texas Electric & Gas Sys Rev Ref Bonds N TX CO -MGR 01/16/20 4.975 Colorado Hsg & Fin Auth (CHFA) Single Family Mortgage Bonds N CO CO -MGR 01/16/20 34.810 Colorado Hsg & Fin Auth (CHFA) Single Family Mortgage Bonds N CO CO -MGR Source: Refinitiv as of June 30, 2021 Sale Date Description 01/16/20 50.025 Colorado Hsg & Fin Auth (CHFA} Single Family Mortgage Bonds N CO CO -MGR 01/16/20 33 000 South Dakota Housing Dev Auth Homeownership Mortgage Bonds N SD SOLE 01/16/20 66.000 South Dakota Housing Dev Auth Homeownership Mortgage Bonds N SD LEAD 01/16/20 60.970 Southwestern Ill;noir Dev Auth Local Government Prog Rev Bonds N IL CO -MGR 01/20/20 20 800 Florida Housing Finance Corp Multi -Family Mortgage Rev Notes P FL SOLE 01/22/20 136.665 Harris Co (Humble) ISD Unitd Tax School Budding Bonds N TX CO -MGR 01/22/20 76.020 Massachusetts Dev Finance Agcy Revenue Bonds N MA CO -MGR 01/22/20 228.865 Massachusetts Dev Finance Agcy Revenue Bonds N MA CO -MGR 01/23/20 36.345 Arizona Board of Regents Speed Revenue Refunding Bonds N AZ LEAD 01/23/20 39 805 Arzona Board of Regents Speed Revenue Refunding Bonds N AZ LEAD 01/23/20 53.685 Bowling Green State University General Receipts Bonds N OH LEAD 01/23/20 20 850 Minnesota Housing Fin Agency Residential Housing Fnance Bonds N MN CO -MGR 01/23/20 60 000 Minnesota Housing Fin Agency Residential Housing Finance Bonds N MN CO -MGR 01/23/20 149 150 Minnesota Housing Fin Agency Residential Housing Finance Bonds N MN CO -MGR 01/23/20 125 000 Oklahoma Dev Finance Auth Limited Obligation Revenue Bonds N OK SOLE 01/24120 65.490 Ramsey Co f.St Paul) ISD #625 Certificates of Participation C MN SOLE 01/27/20 3.355 Clarksville City -Arkansas Refunding Revenue Bonds P AR SOLE 01/28/20 120.814 Virginia Housing Dev Auth (VHDA) Commonwealth Mortgage Bonds N VA CO -MGR 01/28/20 623-320 Wisconsin Gen Fund Annual Appro Ref Bonds N WI CO -MGR 01/29/20 19-325 San Dego Co Reg Trans Comm Sa!es Tax Revenue Ltd Tax Bonds N CA CO -MGR 01/29/20 55.495 San Dego Co Reg Trans Comm Saes Tax Revenue Ltd Tax Bonds N CA CO -MGR 01/30/20 26.103 Carver Co (Watertown -Mayer) ISD #111 GO School Bldg Bonds C MN SOLE 01/30/20 12.500 Connecticut Housing & Fin Auth (CHFA) Housing Mtg Finance Program Bonds N CT CO -MGR 01/30/20 29.955 Connecticut Housing & Fin Auth (CHFA) Housing Mtg Finance Program Bonds N CT CO -MGR 01/30/20 71.645 Connecticut Housing & Fin Auth (CHFA) Housing Mtg Finance Program Bonds N CT CO -MGR 01/31/20 199 725 North Carolina Medical Care Commiss Health Care Facs Rev Bonds N NC CO -MGR 02/03/20 17.695 Worcester City -Massachusetts GO Ballpark Project Bonds C MA SOLE 02/04/20 32.445 Anaheim Hsg & Pub Imp Auth Water System Revenue Ref Bonds N CA SOLE 02/04/20 38 000 Anaheim Hsg & Pub Imp Auth Revenue Bonds N CA SOLE 02/04/20 41.985 Benton Cc (Siloam Spring) SD #21 Refunding Bonds C AR SOLE 02/04/20 9.250 Maryland Dept Hsg & Com Dev;DHCD) Residential Revenue Bonds N MD CO -MGR 02/04/20 130.750 Maryland Dept Hsg & Com Dev (DHCD) Residential Revenue Bonds N MD CO -MGR 02/04/20 80.495 Pennsy-vania State University Revenue Bonds N PA CO -MGR 02/04/20 331.040 Pennsylvania State University Revenue Bonds N PA CO -MGR 02/05/20 70.365 Bryan City -Texas Comb Tax & Rev Certs of Oblig C TX SOLE 02105/20 243.405 California State Univ Trustees Systemwide Revenue Bonds N CA CO -MGR 02/05/20 586.020 California State Univ Trustees Systemwide Revenue Bonds N CA CO -MGR 02/05/20 22 240 Las Vegas Valley Water Dt GO Water Refunding Bonds C NV SOLE 02/05/20 78.620 NYC Housing Dev Corp Housing impact Bonds N NY CO -MGR 02/05/20 296.380 NYC Housing Dev Corp Housing Impact Bonds N NY CO -MGR 02/06/20 12.755 Greensboro City -North Carolina Limited Obligations Bonds N NC LEAD 02/06/20 47.040 NYC Municipal Water Fin Auth Water & Sewer System Rev Bonds N NY CO -MGR 02/06/20 481.250 NYC Municipal Water Fin Auth Water & Sewer System Rev Bonds N NY CO -MGR 02/06/20 31.645 Rich!and Co South Carolina Uti:ity System Revenue Bond N SC SOLE 02/06/20 273.790 Tarrant Co (Arlington) ISD Unitd Tx Sch Building & Ref Bonds N TX CO -MGR 02/11/20 31.555 Connecticut Hlth & Ed Facs Auth Revenue Bonds N CT CO -MGR 02/11/20 220.415 Grand Parkway Transport Corp 1st Tier Toll Revenue Ref Bonds N TX CO -MGR 02/11/20 793.385 Grand Parkway Transport Corp 1st Tier Tall Revenue Rei Bonds N TX CO -MGR 02/11/20 1,293.260 Grand Parkway Transport Corp Sub Tier Toll Revenue Ref Bonds N TX CO -MGR 02/11/20 21.155 Midland City -Texas Tax & Ltd Pledge Rev Certs of Ob N TX CO -MGR 02/11/20 21.560 Midland City -Texas Genera! Obligation Bonds N TX CO -MGR 02/11/20 38.175 Roanoke Economic Dev Authority Hospital Revenue Bonds N VA CO -MGR 02/11/20 250.345 Roanoke Economic Dev Authority Hospital Revenue Bonds N VA CO -MGR 02/11/20 448.430 Utah General Obligation Bonds N UT LEAD 02/12/20 45.800 Roanoke Economic Dev Authority Hospital Revenue Ref Bonds N VA SOLE 02/12/20 608.080 Washington Various Purpose GO Bonds C WA SOLE 02/13/20 69.820 Cleveland City -Ohio Sub Lien Income Tax Ref Bonds N OH LEAD 02/13/20 1,081.385 New York City -New York General Obligation Bonds N NY CO -MGR Source- Refinitiv as of June 30. 2021 02/13/20 109.140 Oakland City -California GO & Refunding Bonds C CA SOLE 02118/20 76.525 Kansas Development Fin Auth Refunding Revenue Bonds C KS SOLE 02/18/20 58.610 Shelby Co -Tennessee GO Refunding Bonds P TN SOLE 02/18/20 13.095 Wisconsin Hlth & Ed Fac Auth (WHEFA) Heath Care Facilities Rev Bonds P WI SOLE 02+19120 15.560 Huntersville Town -North Carolina General ON gation Bonds C NC SOLE 02119/20 62.320 Mississippi Home Corporation Single Family Mortgage Rev Bonds N MS LEAD 02/19/20 174.315 New Jersey Educational Fats Au Revenue Bonds N NJ CO -MGR 02/19/20 35.295 Pima Co -Arizona Sewer System Revenue Obligations N AZ LEAD 02/20/20 35.560 Auburn University General Revenue Refund'ng Bonds N AL LEAD 02/20/20 104.770 Auburn University General Revenue Refunding Bonds N AL LEAD 02/20/20 100.000 California Infrstr & Eco Dew Bank Revenue Bonds N CA SOLE 02/25/20 100.000 Tennessee Hsg Dew Agcy (THDA) Residential Fin Program Bonds N TN CO -MGR 02/25/20 100.000 Tennessee Hsg Dew Agcy (THDA) Residential Fin Program Bonds N TN CO -MGR 02/25/20 44.015 University of Idaho Regents General Revenue & Ref Bonds N ID SOLE 02/26/20 424.480 NYS Dorm Authority Revenue Bonds N NY CO -MGR 02/26/20 377.785 West Virginia University Bd of Gov Refunding Revenue Bonds N WV CO -MGR 02/27/20 46.685 NYS Housing Fin -Mortgage Agcy Homeowner Mortgage Rev Bonds N NY CO -MGR 02/27/20 100.630 NYS Housing Fin -Mortgage Agcy Homeowner Mortgage Rev Bonds N NY CO -MGR 02/27/20 300.000 Regents of the Univ of California Med cal Center Poo'ed Rev Bonds N CA CO -MGR 02/27/20 650.000 Regents of the Univ of California Med.cal Center Poo;ed Rev Bonds N CA CO -MGR 02/27/20 850.000 Regents of the Univ of California Med cal Center Poo'ed Rev Bonds N CA CO -MGR 02/28/20 16.755 Greensboro City -North Carolina GO Refunding Bonds N NC LEAD 02/28/20 27.035 Greensboro City -North Carolina G4 Refunding Bonds N NC LEAD 02/28/20 50.000 Maine State Housing Authority Mortgage Purchase Bonds N ME CO -MGR 02/28/20 17.525 Sullivans Island Town Pub Facs Corp Installment Purchase Rev Bonds N Sc SOLE 03/03/20 105.005 Ellis Co (Midlothian) ISD Unitd Tx School Bui'd ng Bonds N TX LEAD 03/03/20 37,275 Norfo,k C ty-Virginia GO Cap tal Improvement Bonds N VA CO -MGR 03/03/20 45.630 Norfolk C.ty-Virg nia GO Refunding Bonds N VA CO -MGR 03/04/20 50.000 Maryland GO State & Loc Facs I oan Bonds C MD SOLE 03/04/20 126.435 Northern Ihnois Univ Brd of Rgt Auxi'iary Facs Sys Ref Rev Bonds N IL LEAD 03/04/20 82 360 Oklahoma Cap Imp Authority St Hways Cap Imp Rev Ref Bonds N OK CO -MGR 03/04/20 216.650 Utah Transit Au (UTA) Sales Tax Revenue Ref Bonds N UT LEAD 03/05/20 47.640 Georgia H-gher Ed Facs Auth Refunding Revenue Bonds N GA LEAD 03/05/20 98.620 Louisiana GO Refunding Bonds C LA SOLE 03/05/20 800 000 New York City -New York General Obligation Bonds N NY CO -MGR 03/06/20 125.000 Illinois Housing Dew Authority Revenue Bonds N IL CO -MGR 03/06/20 39.425 W'nston-Salem City -North Carolina Water & Sewer Sys Rev & Ref BDnds N NC CO -MGR 03/06/20 153.000 Winston-Salem City -North Carolina Water & Sewer Sys Rev Ref Bonds N NC CO -MGR 03/09/20 3.735 Illinois Finance Authority Revenue Bonds P IL SOLE 03/10/20 2,095.650 Ca'ifornia Various Purp GD & Ref Bonds N CA CO -MGR 03/10/20 43.964 Minnesota Housing Fin Agency Homeownership Finance Bonds N MN CO -MGR 03/11/20 55.000 Co'orado Hsg & Fin Auth (CHFA) Homeownership Class I Bonds N CO CO -MGR 03/11/20 164.555 illinois Finance Authority Revenue Bonds N IL CO -MGR 03/11/20 52.735 NYC Housing Dew Corp Multi-Famity Housing Rev Bonds N NY CO -MGR 03/11/20 399.315 NYC Municipal Water Fin Auth Wtr&Swr Sys 2nd Gen Res Rev Bond N NY CO -MGR 03/11/20 233.000 NYS Dorm Authority Revenue Refunding Bonds N NY CO -MGR 03/12/20 22.040 NYC Housing Dew Corp Multi-Famity Housing Rev Bonds N NY CO -MGR 03/12/20 17.070 San Diego Co (Escondido) USD General Obligation Bonds N CA SOLE 03/26/20 56.495 Buncombe Co -North Carolina Limited Obligation Bonds N NC CO -MGR 03/26/20 450.000 Missouri Hlth & Ed Facs Authority Educational Facilities Rev Bonds N MO LEAD 03/26/20 393.130 Phoenix City Civic Imp Corp Jr Lien Water System Rev Bonds N AZ CO -MGR 03/30/20 93.370 Anoka Co (Anoka -Hennepin) ISD 911 GO School Building Bonds C MN SOLE 04/01/20 38.000 Berkeley City -California General Obligation Bonds C CA SOLE 04/01/20 32.235 Buncombe Co -North Carolina Limited Obligation Bonds N NC CO -MGR 04/02/20 200.000 Virginia Housing Dev Auth (VHDA) Rental Housing Bonds N VA CO -MGR 04/06/20 32.305 New Mexico Finance Auth (NMFA) Revolving Fund Rev & Ref Bonds N NM CO -MGR 04/07/20 135.445 Richmond City -Virginia Public Utility Revenue Bonds N VA LEAD 04/07/20 180.000 Richmond City -Virginia Public Utility Revenue Ref Bonds N VA LEAD Source: Refin tiv as of June 30, 2021 Sale Date Par ($ mils) Issuer Issue Description Bid Role 04/08/20 242.590 Allen Co -Ohio Hospital Facilities Revenue Bonds N -State OH LEAD 04/08/20 87.380 South Carolina Jobs Econ Dev Au Hospital Facilities Revenue Bonds N SC LEAD 04/08/20 234.855 South Carolina Jobs Econ Dev Au Hospital Facilities Revenue Bonds N SC LEAD 04108/20 206.450 Virginia Small Business Fin Auth Health Facilities Revenue Bonds N VA LEAD 04109/20 45.960 Marshall University Improvement & Ref Rev Bonds N WV SOLE 04/09/20 56 035 Marshall University Improvement & Refunding Bonds N WV SOLE 04/09/20 100 295 Virginia Public Building Auth Public Facilties Rev Bonds N VA LEAD 04/09120 408 950 Virginia Public Building Auth Public Facilties Rev Rei Bonds N VA LEAD 04/13/20 338 480 Los Angeles Dept Wtr & Pwr (LADWP) Power System Revenue Bonds N CA CO -MGR 04/14/20 30 000 Arizona Board of Regents System Revenue Bonds N AZ LEAD 04/14/20 154.455 Arizona Board of Regents System Revenue Bands N AZ LEAD 04/14/20 13.500 IN vian Multi -Family Mtg-Backed Bonds N NC SOLE 04/14120 346 680 Massachusetts Dev Finance Agcy Revenue Bonds N MA LEAD 04/14120 150.659 Virginia Housing Dev Auth (VHDA; Commonwealth Mortgage Bonds N VA LEAD 04/14120 63.675 Wake Co North Carolina GO Refunding Bonds N NC LEAD 04/15/20 45.397 Colorado Hsg & Fin Auth (CHFAI Homeownership Class I Bonds N CO CO -MGR 04/16/20 1,439.115 California Various Purpose GO & Ref Bonds N CA CO -MGR 04/16/20 11 900 California Housing Finance Agcy Multi -Family Hsg Rev Sub Bonds P CA SOLE 04/16/20 10.375 Colorado Hsg & Fin Auth (CHFA) Multi Family Housing Rev Bonds N CO LEAD 04/16/20 29.000 Colorado Hsg & Fin Auth (CHFA) Multi -Family Housing Rev Bonds N CO LEAD 04/16/20 195.000 Lancaster Co (Lincoln) PSD #1 GO School Bonds C NE SOLE 04/16/20 38.955 Ma ne State Housing Authority Mortgage Purchase Bonds N ME CO -MGR 04/17/20 113.280 Ca!ifomla St Pubic Works Board Lease Revenue & Ref BOnds N CA LEAD 04/17/20 100.000 Wisconsin Hsg & Econ Dev Auth Home Ownership Revenue Bonds N WI CO -MGR 04120/20 108 355 Harris Co (Tomball) SSD School Bu Iding Bonds N TX CO -MGR 04/21/20 190 955 Maryland Hlth & Hghr Ed Facs Au Revenue Bonds N MD CO -MGR 04/21/20 258 630 Pennsylvania Econ Dev Fin Auth Revenue Bonds N PA CO -MGR 04/22/20 83 740 Randall Co (Canyon) ISD School Bui;ding Bonds N TX CO -MGR 04/22/20 188 690 Washington MVFT GO Refunding Bonds N WA LEAD 04/22/20 222.045 Washington Various Purpose GO Ref Bonds N WA LEAD 04/23/20 24.150 Tulsa Public Facilities Auth Capital Improvements Rev Bonds C OK SOLE 04/23/20 9.600 Wyndham Hill Metro Dt # 2 Subordinate GO Limited Tax Bonds N CO SOLE 04/23/20 20.070 Wyndham Hill Metro Dt # 2 Senior GO Limited Tax Bonds N CO SOLE 04/27/20 43.439 Orange Co -California Teether Pian Obligation Notes P CA SOLE 04/27/20 165.780 Washoe Co SO GO Limited Tax School Imp Bonds N NV CO -MGR 04/29/20 114.020 NYS Power Authority Revenue Bonds N NY CO -MGR 04/29/20 328.990 NYS Power Authority Revenue Bonds N NY CO -MGR 04/29/20 791.620 NYS Power Authority Revenue Bonds N NY CO -MGR 04/30/20 139.150 Georgia Housing Finance Authority Single Family Mortgage Bands N GA CO -MGR 04/30/20 85.580 Great Lakes Water Auth (GLWA) Wtr Supp Sys Sr & 2nd Ln Bonds N MI CO -MGR 04/30/20 377.515 Great Lakes Water Auth (GLWA) Water Supply Sys Rev Sr Ln Bonds N MI CO -MGR 05/01/20 77.840 NYS Dorm Authority Revenue Bonds N NY CO -MGR 05/05/20 61.885 Pennsylvania State University Revenue Bonds N PA CO -MGR 05/05/20 1.065.165 Pennsylvania State University Revenue Bonds N PA CO -MGR 05/06/20 108.500 Tennessee Hsg Dev Agcy (THDA) Residental Finance Program Bonds N TN CO -MGR 05107/20 120.000 North Carolina Housing Fin Agcy Home Ownership Revenue Bonds N NC CO -MGR 05111/20 2.234 El Paso Co (Socorro) ISD Refunding Bonds N TX CO -MGR 05111/20 92.155 E1 Paso Co (Socorro) ISD Refunding Bonds N TX CO -MGR 05112/20 7.370 Washington St Hsg Fin Commission Single Family Program Bands N WA CO -MGR 05/12/20 34.395 Washington St Hsg Fin Commission Single Family Program Bonds N WA CO -MGR 05/13/20 42.145 Massachusetts Housing Fin Agcy Single Family Housing Rev Bonds N MA CO -MGR 05/13/20 18.000 Minnesota Housing Fin Agency Homeownership Finance Bonds N MN CO -MGR 05/13/20 37.979 Minnesota Housing Fin Agency Homeownership Finance Bonds N MN CO -MGR 05/13/20 274.310 So California Pub Pwr Au (SCPPA) Refunding Revenue Bonds N CA CO -MGR 05/13/20 10.000 Texas Dept of Hsg & Comm Affairs Mu,ti-family Green Bonds N TX SOLE 05/14/20 15.225 Energy Northwest Electric Revenue & Ref Bonds N WA CO -MGR 05/14/20 341.320 Energy Northwest Electric Revenue & Ref Bonds N WA CO -MGR 05/14/20 340.000 NYC Transitional Finance Auth Future Tax Seccured Subor Bonds N NY CO -MGR Source: Refinitiv as of June 30, 2021 05/14/20 510.000 NYC Transitional Finance Auth Future Tax Seccured Subor Bonds N NY CO -MGR 05/14/20 447.315 Utah General Obligation Bonds N UT CO -MGR 05/14/20 230.450 Wisconsin Public Finance Auth Revenue Refund ng Bonds P WI SOLE 05/15/20 25.710 Indiana Finance Authority Educational Facilities Rev Bonds N IN SOLE 05/15/20 457.160 NYS Dorm Authority Revenue Bonds N NY CO -MGR 05/20/20 3.950 Chicago Park Dt Limited Tax Refunding Bonds N IL CO -MGR 05/20/20 9.585 Chicago Park Dt Unlimited Tax Park Bonds N IL CO -MGR 05/20/20 30.225 Chicago Park Dt Unlimited Tax Park Bonds N IL CO -MGR 05/20/20 38.620 Chicago Park Dt Llmimted Tax Park Bonds N IL CO -MGR D5120120 40.160 Chicago Park Dt Limited Tax Refunding Bonds N It. CO -MGR 05/20/20 850.000 Connecticut Special Tax Obligation Bonds N CT CO -MGR 05/20/20 425.000 Virginia Housing Dev Auth (VHDA) Rental Hous;ng Bonds N VA CO -MGR 05/27/20 27.975 Cedar Rapids City -Iowa General Obligation Bonds C IA SOLE 05/27/20 500.000 Colorado Certificates of Participation N CO CO -MGR 05/27/20 14.465 Dorchester Co -South Carol na Limited Obligation Bonds N SC SOLE 05/27120 72.220 Prince William Co -Virginia GO Publ c Improvement Ref Bonds N VA LEAD 05/27/20 50.590 Salem City -Virginia GO Public Improvement & Ref Bonds C VA SOLE 05128/20 99.370 NYC Housing Dev Corp Multi-Fam-ly Housing Rev Bonds N NY CO -MGR 05/28120 159.460 NYC Housing Dev Corp Multi Family Housing Rev Bonds N NY CO -MGR 05/28/20 58.400 NYS Housing Fin -Mortgage Agcy Housing Revenue Bonds P NY SOLE 05/28/20 316.000 NYS Housing Fin -Mortgage Agcy Housing Revenue Bonds P NY SOLE 05/28/20 47.905 Oregon Hsg & Comm Svcs Dept Mortgage Revenue Bonds N OR CO -MGR 05128/20 30.000 Pennsylvania Housing Fin Agcy (PHFA) Singe Fami!y Mortagage Rev Bonds N PA SOLE 05/28/20 117.965 Pennsylvania Housing Fin Agcy (PHFA) Singe Family Mortagage Rev Bonds N PA LEAD 05128/20 42.485 Univ of North Carolina Bd of Gov General Revenue Bonds N NC SOLE 05/28/20 60.265 Virginia Public School Authority Sch Technology & Security Notes C VA SOLE 06101/20 20.000 Colorado Hsg & Fin Auth (CHFA) Multi Family Housing Rev Note P CO SOLE 06102/20 81.445 Wisconsin Center Dt Sr & Jr Ded sated Tax Rev Bonds N WI CO -MGR 06103/20 78.435 Del Mar College Dt Limited Tax Bonds N TX LEAD 06/03/20 35 000 Maine State Housing Authority Mortgage Pur;:hase Bonds N ME CO -MGR 06/03/20 40 000 Maine Slate Housing Authority Mortgage Purchase Bonds N ME CO -MGR 06/03/20 45 385 Massachusetts Bay Transport Auth Subordinated Sales Tax Bonds N MA CO -MGR 06/03/20 164 245 Massachusetts Bay Transport Auth Subordinated Sales -ax Bonds N MA CO -MGR 06/03/20 174 835 Massachusetts Bay Transport Auth Subordinated Sales i ax Bonds N MA CO -MGR 06/03/20 35 000 NYC Municipal Water Fin Auth Wtr & Swr Sys 2nd Gen Res Bonds N NY CO -MGR 06/03/20 65.000 NYC Municipal Water Fin Auth Wtr & Swr Sys 2nd Gen Res Bonds N NY CO -MGR 06/03/20 608.005 NYC Municipal Water Fin Auth Wtr & Swr Sys 2nd Gen Res Bonds N NY CO -MGR 06!03120 75.620 St Clair Co (East China) SD GO Unitd Tx Sch Bldg & Site Bonds C MI SOLE 06/03/20 545.000 Washington Metro Area Transit Au Dedicated Revenue Bonds N DC CO -MGR 06/04/20 82.555 Albuquerque City -New Mexico Gross Receipts & 1-odgers Tax N NM CO -MGR 06/04/20 687.455 Great Lakes Water Auth (GLWA) Sewage Disposal Sys Sr &2nd Bonds N MI CO -MGR 06/04/20 204.255 Los Angeles Dept Wtr & Pwr (LADWP) Water System Revenue Bonds N CA LEAD 06104120 168.775 Miami -Dade Co -Florida GO Refunding Bonds C FL SOLE 06/04/20 100.000 Michigan St Hsg Dev Au (MSHDA) Single-Fami;y Mortgage Rev Bonds N Ml CO -MGR 06/04/20 127.045 Michigan St Hsg Dev Au (MSHDA) Single Family Mortgage Rev Bonds N MI CO -MGR 06/04/20 33.935 Raleigh City -North Carolina Limited Obligation Bonds N NC LEAD 06/04/20 59.620 Raleigh City -North Carolina Limited Obligation Bonds N NC LEAD 06/04/20 225.365 San Luis Unit/ Westlands Wtr Dt Fin Au Revenue & Subordinate Bonds N CA CO -MGR 06/05/20 10.500 South Adams Co Wtr & Sanit Dt Water & Wastewater Rev Notes P CO SOLE 06/09/20 62.645 Maryland Hlth & Hghr Ed Facs Au Revenue Bonds N MD CO -MGR 06/09/20 19.300 Minnesota Housing Fin Agency Residential Housing Fin Bonds N MN CO -MGR 06/09/20 130.700 Minnesota Housing Fin Agency Residential Housing Fin Bonds N MN CO -MGR 06/09/20 4.530 Muscle Shoals Solid Waste Disposal Auth Sol d Waste Disposal Rev Bonds N AL LEAD 06/09/20 14.100 Muscle Shoals Solid Waste Disposal Auth Sol d Waste Disposal Rev Bonds N AL LEAD 06/09/20 5.440 Oregon General Obligation Bonds N OR CO -MGR 06/09/20 32.540 Oregon General Obligation Bonds N OR CO -MGR 06/09120 47.015 Oregon General Obligation Bonds N OR CO -MGR 06/09120 84.715 Oregon General Obl gation Bonds N OR CO -MGR Source: Refinitiv as of June 30, 2021 Sale D. Description -N 06/09/20 95.390 Oregon General Obligation Bonds OR CO -MGR 06/09/20 134.930 Oregon General Obligation Bonds N OR CO -MGR 06/09/20 35.000 Regents of the University of Michigan General Revenue Bonds N MI CO -MGR 06/09/20 65 000 Regents of the University of Michigan General Revenue Bonds N MI CO -MGR 06/09/20 100.000 Regents of the University of Michigan General Revenue Bonds N MI CO -MGR 06/09/20 138 430 Regents of the University of Michigan General Revenue Bands N MI CO -MGR 06109/20 300.000 Regents of the University of Michigan General Revenue Bonds N MI CO -MGR 06109/20 350.025 Regents of the University of Michigan General Revenue Bonds N MI CO -MGR 06/09/20 267 995 So California Metro Water Dt Water Revenue Refunding Bonds N CA LEAD 06109/20 6.005 Winston-Salem City -North Carolina General Obligation Bonds C NC SOLE 06/10/20 47.800 Albuquerque Bemalilio Co Wtr Util Auth Sr Lien Jt Wtr & Swr Sys Ref Bond N NM CO -MGR 06/10/20 140 913 Dal as City -Texas Wtrwrks & Swr Sys Rev Ref Bonds N TX CO -MGR 06/10/20 140 913 Dallas City -Texas Wtrwrks & Swr Sys Rev Ref Bonds N TX CO -MGR 06/10/20 181.833 Dallas City Texas Wtrwrks & Swr Sys Rev Ref Bonds N TX CO -MGR 06/10/20 181.833 Dallas City -Texas Wtrwrks & Swr Sys Rev Ref Bonds N TX CO -MGR 06/10120 167.800 Fort Worth City -Texas Wtr & Swr Sys Rev Ref & Imp Bonds C TX SOLE 06/10120 21 665 Maine Hlth & Hghr Ed Facs Auth Revenue Bonds N ME CO -MGR 06/11120 178.390 Houston City -Texas Comb Util Sys 1st Lien Rev & Ref N TX LEAD 06/11/20 432.330 Houston City -Texas Comb Ulil Sys 1st Lien Rev & Ref N TX LEAD 06/11/20 377.635 Port of Morrow -Oregon Transmission Facilities Rev Bonds N OR CO -MGR 06/11/20 29.585 Santa Clara Co Financing Auth Lease Revenue Bonds C CA SOLE 06/12/20 16.575 Connecticut General Obligation Bonds N CT CO -MGR 06/12/20 41.000 Connecticut General Obligation Bonds N CT CO -MGR 06/12/20 56.020 Connecticut General Obligation Bonds N CT CO -MGR 06/12/20 83 955 Connecticut General Obligation Bonds N CT CO -MGR 08/12/20 86.095 Connecticut General Obligation Bonds N CT CO -MGR 06/12/20 116.355 Connecticut General Obligation Bonds N CT CO -MGR 06/16/20 178 715 Collin Co (Frsco) ISD Refund'ng Bonds N TX CO -MGR 06/16/20 400 000 Maryland Transportation Auth Transportation Facs Proa Rev Bond N MD CO -MGR 06/16/20 46.225 Oregon General Obligation Bonds N OR CO -MGR 06/17/20 4.870 Collin Co (Frisco) ISD Refund ng Bonds N TX CO -MGR 06/17/20 76.790 Fort Bend Go (Lamar) CISD Unitd Tax Refunding Bonds N TX CO -MGR 06/17/20 18.595 Indiana State University Bd of Trustees Student Fee Bonds N IN LEAD 06/17/20 81.265 Indiana State University Bd of Trustees Slufent Fee Bonds N IN LEAD 06/17/20 64.595 Johnston Co Finance Corp L-minited Obligation Ref Bonds N NC CO -MGR 06/17/20 71.040 Johnston Co Finance Corp Lrminited Obligation Bonds N NC CO -MGR 06/17/20 11.550 Massachusetts Housing Fin Agcy Housing Bonds N MA CO -MGR 06/17/20 21.355 Massachusetts Housing Fin Agcy Housing Bonds N MA CO -MGR 06/17/20 27.000 Massachusetts Housing Fin Agcy Housing Bonds N MA CO -MGR 06/17/20 94.710 Massachusetts Housing Fin Agcy Housing Bonds N MA CO -MGR 06/17/20 794.235 Texas Transportation Commission Highway Imp GO Refunding Bonds N TX CO -MGR 06/18/20 16.420 Bulloch Co Development Authority Revenue Bonds N GA SOLE 06/18/20 12.085 Charleston City -South Carolina Wtrwrks & Swr Sys Cap Imp Bonds N SC LEAD 06/18/20 168.695 Charleston City -South Carolina Wtrwrks & Swr Sys Ref Rev Bonds N SC LEAD 06/18/20 39.080 Geisinger Authority Health System Revenue Bands N PA CO -MGR 06/18/20 89.540 Geisinger Authority Health System Revenue Bonds N PA CO -MGR 06/18/20 139.560 Geisinger Authority Health System Revenue Bonds N PA CO -MGR 08/18/20 480.050 Geisinger Authority Health System Revenue Bonds N PA CO -MGR 06/18/20 492.010 NYS Urban Development Corp State Personal Inc Tax Rev Bonds N NY CO -MGR 06/18/20 1,288.210 NYS Urban Development Corp State Personal Inc Tax Rev Bonds N NY CO -MGR 06/18/20 55.805 Spartanburg Regional Hlth Svcs Dt Hospital Revenue Bonds N SC SOLE 06/18/20 69.195 Spartanburg Regional Hlth Svcs Dt Hospital Revenue Bonds N SC SOLE 06/19/20 128.470 Miami University General Receipts Rev & Ref Bonds N OH CO -MGR 06/23/20 17.082 Houston City -Texas Airport Sys Spec Fac Rev Ref Bond N TX CO -MGR 06/23/20 17.083 Houston City Texas Airport Sys Spec Fac Rev Ref Bond N TX CO -MGR 06/23/20 23.735 Houston City -Texas Airport Sys Spec Fac Rev Ref Bond N TX CO -MGR 06/23/20 23.735 Houston City -Texas Airport Sys Spec Fac Rev Ref Bond N TX CO -MGR 06/23/20 33.445 Houston City -Texas Airport Sys Spec Fac Rev Ref Bond N TX CO -MGR Source: Refiniliv as of June 34, 2021 Date Par ($ mils) Issuer Issue Description Bid e Role 06/23/20 33.445 Houston City -Texas Airport Sys Spec Fac Rev Ref Bond N TX CO -MGR 06/23/20 90.050 Oakland Co (Pontiac) SD GO School Building & State Bonds N MI LEAD 06/23/20 8.500 Orange Co (Los Alamitos} USD General Obligation Bonds C CA SOLE 06/24/20 98.310 Alaska Municipal Bond Bank GO & Refundinig Bonds N AK CO -MGR 06/24/20 98.800 California Infrstr & Eco Dev Bank Revenue Refunding Bonds N CA SOLE 06/24/20 26.595 Corpus Christi City -Texas General improvement Ref Bonds N TX CO -MGR 06/24/20 67.320 Corpus Christi City -Texas Genera l'mprovement Ref Bonds N TX CO -MGR 06/24/20 80.385 Corpus Christi City -Texas General mprovement Bonds N TX CO -MGR 06/24/20 16.410 Montgomery Co Hsg Opportunities Comm Multi Fami!y Housing Dev Bonds N MD CO -MGR 06/24/20 50.935 Montgomery Co Hsg Opportunities Comm Multi-Fami,y Housing Dev Bonds N MD CO -MGR 06/25/20 85.000 California Municipal Fin Auth Revenue Bonds N CA SOLE 06/25/20 39.645 Campbell Co Indus Dev Auth Public Facility Lease Rev Bonds N VA LEAD 06/25/20 35.130 North Texas Municipal Water Dt Regional Wastewater Sys Rev Bonds C TX SOLE 06/30/20 1,094.915 Massachusetts Schoo! Bldg Auth Sr Ded;cated Sales Tax Bonds N MA CO -MGR 06/30/20 72.500 Tennessee Hsg Dev Agcy (THDA) Residential Finance Prog Bonds N TN CO -MGR 06/30120 72.500 Tennessee Hsg Dev Agcy (THDA) Residential Finance Prog Bonds N TN CO -MGR 07/01/20 140.885 Univ of Colorado Bd of Regents Univ Enterprise Ref Rev Bonds N CO LEAD 07/07/20 12.950 Missouri -Illinois Met Dt Bi -St Dev Agy Comb Ln Mass Transit Ref Bonds N MO LEAD 07/07/20 158.255 Missouri -Illinois Met Dt Bi -St Dev Agy Comb Ln Mass Transit Ref Bonds N MO LEAD 07/07/20 264.175 Tarrant Co College Dt General Obligation Bonds C TX SOLE 07/08/20 64.895 Bexar Co (Northside) ISD Refunding Bonds N TX CO -MGR 07/08/20 6.315 Colorado Hsg & Fin Auth (CHFA) Single Family Mortgage Bonds N CO CO -MGR 07108!20 28.545 Colorado Hsg & Fin Auth;CHFA) Single Family Mortgage Bonds N CO CO -MGR 07/08/20 36.085 Colorado Hsg & Fin Auth ;CHFA) Single Family Mortgage Bonds N CO CO -MGR 07/08/20 100.000 Las Vegas Valley Water Dt GO Limited Tax Water Bonds C NV SOLE 07108/20 29.500 Oregon GO Refunding Bonds N OR CO -MGR 07/08/20 354.170 Oregon GO Refunding Bonds N OR CO -MGR 07/08/20 36.450 St Louis Co -Missouri GO Refunding Bonds C MO SOLE 07/08120 44.770 Virginia Housing Dev Auth (VHDA) Rental Housing Bonds N VA LEAD 07/08/20 200 000 Virginia Housing Dev Auth (VHDA) Rental Housing Bonds N VA LEAD 07/09/20 26.590 Jacksonville Electric Authority (JEA) Water & Sewer Sys Sub Rev Bonds N FL CO -MGR 07/09/20 104 000 Jacksonville Electric Authority (JEA) Water & Sewer System Rev Bonds N FL CO -MGR 07/09/20 323.335 Regents of the Univ of California General Revenue Bonds N CA LEAD 07/09/20 400 000 Regents of the Univ of California General Revenue Bonds N CA LEAD 07/09/20 500.000 Regents of the Univ of California General Revenue Bonds N CA LEAD 07/09/20 600 000 Regents of the Univ of California General Revenue Bonds N CA LEAD 07/09/20 826.195 Regents of the Univ of California General Revenue Bonds N CA LEAD 07109/20 88 295 Vermont Ed & Hlth Bldgs Fin Agy Revenue Bonds N VT CO -MGR 07/09/20 315.840 Wisconsin Transportation Revenue Ref Bonds N WI LEAD 07109/20 106.540 Wisconsin Public Finance Auth Health Care Facs Rev & Ref Bonds N WI CO -MGR 07/10/20 221.670 Jacksonville Electric Authority (JEA) Electric System & Sub Rev Bonds N FL CO -MGR 07/14/20 139.173 Dallas ISD Unitd Tax School Bldg Bonds C TX SOLE 07/14120 139.173 Dallas ISD Unitd Tax School Bldg Bonds C TX SOLE 07/14/20 600.000 Univ of Virginia Rector & Visitors General Revenue Pledge Bonds N VA CO -MGR 07/14/20 61.350 Virginia Resources Auth (VRA) Water & Sewer Sys Rev Ref Bonds N VA CO -MGR 07/14/20 36.455 Washington General Obligation Bonds C WA SOLE 07/15/20 50.250 Kansas Turnpike Authority Refunding Revenue Bonds N KS CO -MGR 07/15/20 328.450 NYS Dorm Authority Revenue Bonds N NY CO -MGR 07/15/20 17.760 Pennsylvania Hghr Ed Facs Auth Revenue Bonds N PA LEAD 0715120 134.735 Pennsylvania Hghr Ed Facs Auth Revenue Bonds N PA LEAD 07/16/20 212.700 Maine Hlth & Hghr Ed Facs Auth Revenue Bonds N ME CO -MGR 07/16/20 12.150 Sacramento City Housing Authority Multi -Family Housing Rev Bonds P CA SOLE 07/16/20 339.360 Virginia College Building Auth Educational Facs Re Bonds N VA CO -MGR 07/17/20 16.000 Maryland Dept Hsg & Com Dev (DHCD) Multi -Family Note P MD SOLE 07117/20 72.075 NYS Urban Development Corp Stale Personal Inc Tax Rev Bonds N NY CO -MGR 07117/20 2,225.380 NYS Urban Development Corp State Personal Inc Tax Rev Bonds N NY CO -MGR 07120/20 341.455 Virginia College Building Auth Revenue & Rev Ref Bonds N VA CO -MGR 07121/20 22.500 NYS Housing Fin -Mortgage Agcy Afforable Housing Rev Bonds N NY CO -MGR Source, Refinitiv as of June 30, 2021 Sale D. Description Bid State Role 07/21/20 39.485 NYS Housing Fin -Mortgage Agcy Afforable Housing Rev Bonds N NY CO -MGR 07/21/20 46.320 NYS Housing Fin -Mortgage Agcy Afforable Housing Rev Bonds N NY CO -MGR 07/21/20 78.295 NYS Housing Fin -Mortgage Agcy Afforable Housing Rev Bonds N NY CO -MGR 07/21/20 76.695 San Antonio City -Texas Water System Jr Lien Re Bonds N TX LEAD 07/21/20 76.695 San Antonio City -Texas Water System Jr Lien Re Bonds N TX LEAD 07/22/20 300.000 Auburn University General Fee Revenue Bo ds N AL CO -MGR 07/22/20 181.040 Harris Co (Humble) ISD School Building Bonds N TX LEAD 07/22/20 249 920 Maryland GO State & Local Facs Loan Bonds C MD SOLE 07/22/20 78 500 NYS Housing Fin -Mortgage Agcy Housing Revenue Bonds N NY LEAD 07/23/20 114 880 Dallas & Fort Worth Cities -Texas Joint Revenue Refunding Bonds N TX CO -MGR 07/23/20 114 880 Dallas & Fort Worth Cities -Texas Joint Revenue Refunding Bonds N TX CO -MGR 07/23/20 114 880 Dallas & Fort Worth Cities -Texas Joint Revenue Refunding Bonds N TX CO -MGR 07/23/20 114.880 Dallas & Fort Worth Cities -Texas Joint Revenue Refunding Bonds N TX CO -MGR 07/23/20 504.225 Mississippi GO Refunding Bonds N MS LEAD 07/23/20 1.705 Smith Co (Tyler) ISD Unlimited Tax Refunding Bonds N TX CO -MGR 07/23120 121.420 Smith Co (Tyler) ISD UnCmited Tax Refunding Bonds N TX CO -MGR 07/24/20 14.500 California Housing Finance Agcy Multi-Famity Housing Rev Notes P CA SOLE 07/28120 48.520 Mississippi Home Corporation Single Family Mortgage Rev Bonds N MS CO -MGR 07128!20 198.305 Seattle City -Washington Muni Light & Power Imp Rev Bands C WA SOLE 07/29/20 44 115 Connecticut Housing & Fin Auth (CHFA) Housing Mortgage Fin Prog Bonds N CT CO -MGR 07/29/20 74.080 Connecticut Housing & Fin Auth (CHFA) Housing Mortgage Fin Prog Bonds N CT CO -MGR 07/29/20 46.240 New Jersey Hsg & Mtg Fin Agency S ngle Family Housing Rev Bonds N NJ CO -MGR 07/29/20 55.370 New Jersey Hsg & Mtg Fin Agency S!ngle Family Housing Rev Bonds N NJ CO -MGR 07/29/20 266.090 New Jersey Hsg & Mtg Fin Agency Single Family Housing Rev Bonds N NJ CO -MGR 07/29/20 66.000 South Dakota Hous ng Dev Auth Homeownership Mortgage Bonds N SD CO -MGR 08104/20 118 460 Alabama Highway Corp Special Obligation Revenue Bonds N AL CO -MGR 08/04/20 52.800 Kaufman Co (Crandall) ISD School Building Bonds N TX LEAD 08105/20 74 675 Alaska Housing Finance Corp General Mortgage Rev Bonds N AK CO -MGR 08/05/20 135 170 Alaska Housing Finance Corp General Mortgage Rev Bonds N AK CO -MGR 08/05/20 22.360 Long Island Power Authority Electric System Gen Rev Bonds N NY CO -MGR 08/05/20 91.615 Long Island Power Authority Electric System Gen Rev Bonds N NY CO -MGR 08/05/20 237.975 Long Island Power Authorty Electric System General Rev Bonds N NY CO -MGR 08/05/20 250.000 Long Island Power Author ty Electric System Gen Rev Bonds N NY CO -MGR 08/05/20 40.000 Maine State Hous ng Authority Mortgage Purchse Bonds N ME CO -MGR 08/05/20 47.810 Tucson City -Arizona General Obl'.gation Bonds N AZ LEAD 08/05/20 .007 Williamson Co (Leander) ISD Refunding Bonds N TX CO -MGR 08/05/20 .007 Williamson Co (Leander) ISD Refunding Bonds N TX CO -MGR 08/05/20 46.500 Williamson Co (Leander) ISD Refunding Bonds N TX CO -MGR 08/05120 120.995 Williamson Co (Leander) ISD School Budding & Refunding Bands N TX CO -MGR 08/06/20 43.820 Anchorage City -Alaska GO Refunding Bonds N AK CO -MGR 08/06/20 60.090 Anchorage City -Alaska General Obligation Bonds N AK CO MGR 08/06/20 60.385 Anchorage City -Alaska GO & Refunding Bonds N AK CO -MGR 08/06/20 77.830 Anchorage City -Alaska GO Refunding Bonds N AK CO -MGR 08/06/20 100.000 Minnesota Housing Fin Agency Homeownership Finance Bonds N MN CO -MGR 08/11/20 3.000 Caldwell Co -Texas Comb Tax & Ltd Pledge Cert of Ob P TX SOLE 08/11/20 255.115 Los Angeles Co Metro Trans Auth Sales Tax Revenue Ref Bonds N CA LEAD 08/11/20 1,100.980 Los Angeles Co Metro Trans Auth Sales Tax Revenue Ref Bonds N CA LEAD 08/11/20 160.000 Maryland Dept Hsg & Com Dev (DHC D) Residential Revenue Bonds N MD CO -MGR 08/11/20 152.020 Minnesota GO State Trunk Highway Bonds C MN SOLE 08/11/20 180.190 Minnesota GO State Trunk Highway Ref Bonds C MN SOLE 08/12/20 257.495 Broome Co Local Dev Corp Revenue Bonds N IVY CO -MGR 08/12/20 35.000 California Poll Control Fin Auth Water Facs Ref Rev Bonds N CA SOLE 08/12/20 25.000 Illinois Finance Authority Water Faci ities Ref Rev Bonds N IL SOLE 08/12/20 26.000 Owen Co -Kentucky Water Faci;itles Ref Rev Bonds N KY SOLE 08/13/20 28.435 Lincoln Co -North Carolina Enterprise System Revenue Bonds N NC SOLE 08/13/20 25.000 NYC Housing Dev Corp Multi -Family Housing Rev Bonds N NY CO -MGR 08/13/20 72.500 NYC Housing Dev Corp Multi -Family Housing Rev Bonds N NY CO -MGR 08/13/20 167.305 NYC Housing Dev Corp Multi -Family Housing Rev Bonds N IVY CO MGR Source: Refinitiv as of June 30, 2021 08/13/20 6.213 Tom Green Co (San Angelo) ISD Refunding Bonds N TX CO -MGR 08/13/20 64.840 Tom Green Co (San Angelo) ISD Refunding Bands N TX CO -MGR 08/13/20 50.100 Weymouth Town Massachusetts GO Municipal Purpose Loan Bonds C MA SOLE 08/18/20 101.220 Harris Co (Goose Creek) CISD School Building Bonds N TX CO -MGR 08/18/20 625.005 San Fran Bay Area Rapid Trans Dt General Obligation Bonds N CA CO -MGR 08/19/20 278.025 Denton Co ISD School Building Bonds N TX CO -MGR 08/19/20 380.000 Las Angeles Dept of Airports Sen or Revenue Bonds N CA CO -MGR 08/19/20 678.500 Los Angeles Dept of Airports Sen or Ref & Revenue Bonds N CA CO -MGR 08/19/20 108.280 Minnesota Housing F:n Agency State Appropriation Bonds N MN CO -MGR 08/19/20 53.924 NYC Transitional Finance Auth Future Tax Secured Sub Bonds C NY SOLE 08/19/20 80.886 NYC Transitional Finance Auth Future Tax Secured Sub Bonds C NY SOLE 08/20/20 6.425 Rockwall ISD Refunding Bonds N TX CO -MGR 08/20/20 157.365 Rockwall ISD Refunding Bonds N TX CO -MGR 08/21/20 539.582 NYC Transitional Finance Auth Future Tax Secured Sub Bonds N NY CO -MGR 08/21/20 809.373 NYC Transitional Finance Auth Future Tax Secured Sub Bonds N NY CO -MGR 08/25/20 7.720 San Antonio City -Texas Comb Tax & Rev Cert of Obligation N TX CO -MGR 08/25/20 7.720 San Antonio City Texas Comb Tax & Rev Cert of Obligation N TX CO -MGR 08/25/20 114.930 San Antonio City -Texas Gen Imp & Comb Tax Rev Cert of Ob N TX CO -MGR 08/25/20 114.930 San Antonio City -Texas Gen Imp & Comb Tax Rev Cert of Ob N TX CO -MGR 08/26/20 314.030 California State Univ Trustees Systemwide Revenue Bonds N CA CO -MGR 08/26/20 994.585 California State Univ Trustees Systemwide Revenue Bands N CA CO -MGR 08/26/20 13.810 Lower Tule River Irrigation Dt Refunding Revenue Bonds N CA SOLE 08/27/20 367.895 Chicago Transit Authority Sales Tax Receipts Rev Bonds N IL CO -MGR 08/27/20 12.241 Delaware State Housing Authority Multi -Family Housing Rev Note P DE SOLE 08/27/20 20.190 Louisiana Reg;onal Transit Auth Sales Tax Revenue Ref Bonds N LA LEAD 08/27/20 62.815 Louisiana Reg'.onal Transit Auth Sales Tax Revenue Ref Bonds N LA LEAD 08/27/20 1.055 Montgomery Co (New Caney) ISD Refunding Bonds N TX CO -MGR 08/27/20 61.210 Montgomery Co (New Caney) ISD Refunding Bonds N TX CO -MGR 08127.-'20 440 192 New York City -New York General Obligation Bonds N NY CO -MGR 08127.20 660 288 New York City -New York General Obligation Bonds N NY CO -MGR 08128.-'20 265.000 Arkansas Development Fin Auth Industrial Development Rev Bonds N AR CO -MGR 09/01/20 96.665 Alaska Housing Finance Corp Revenue Bonds N AK CO -MGR 09101 -20 1.455 Arizona Industrial Dev Auth Lease Revenue Bonds N AZ SOLE 09/01/20 51.165 Arizona Industrial Dev Auth Lease Revenue Bonds N AZ SOLE 09101.-'20 36.175 New Mexico Hosp Equip Loan Council Hospital Sys Ref & Imp Rev Bands N NM CO MGR 09/01/20 1,511.015 New York Transportation Dev Corp Special Facilities Rev Bonds N NY CO -MGR 09101.-'20 100.760 Virginia Transportation Board Federal Transportation Rev GANs N VA LEAD 09/02/20 212 500 California Various Purpose GO Bands N CA CO -MGR 09/02/20 2.418.450 California Various Purpose GO & Ref Bonds N CA CO -MGR 09/02/20 19.245 NYS Housing Fin -Mortgage Agcy Homeowner Mortgage Rev Bonds N NY CO -MGR 09/02/20 55.000 NYS Housing Fin -Mortgage Agcy Homeowner Mortgage Rev Bonds N NY CO -MGR 09/02/20 102 935 NYS Housing Fin -Mortgage Agcy Homeowner Mortgage Rev Bonds N NY CO -MGR 09/02/20 24.095 North Charleston City -South Carolina Limited Obligation Bonds N SC SOLE 09/03/20 122.520 California Infrstr & Eco Dev Bank Refunding Revenue Bonds N CA SOLE 09/03/20 3,500.000 Florida St Board Admin Fin Corp Revenue Bonds N FL LEAD 09/03120 2.815 Massachusetts Housing Fin Agcy Single Family Housing Rev Bonds N MA CO -MGR 09/03/20 28.015 Massachusetts Housing Fin Agcy Housing Bonds N MA CO -MGR 09/03/20 29 615 Massachusetts Housing Fin Agcy Housing Bonds N MA CO -MGR 09/03/20 64.360 Massachusetts Housing Fin Agcy Single Fami y Housing Rev Bonds N MA CO -MGR 09/03/20 212 140 Pennsylvania Housing Fin Agcy (PHFA) Single Fami y Mortgage Rev Bonds N PA CO -MGR 09/09/20 56.660 Crystal Valley Metropolitan Dt #2 Ltd Tax GO Refunding & Imp Bonds N CO SOLE 09/09/20 20 770 Marshfield Town -Massachusetts GO Municipal Purpose Loan Bonds C MA SOLE 09/09120 74.420 Maui Co -Hawaii General Obligation Bonds N HI SOLE 09/09/20 21 835 Sandwich Town -Massachusetts GO Municipal Purpose Loan Bonds C MA SOLE 09/09/20 325.895 Washington Suburban Sanitary Dt Consolidated Public Imp Bonds C MD SOLE 09/10/20 212 170 Michigan State Building Auth Revenue & Refunding Bonds N MI CO -MGR 09/10/20 556 855 Michigan State Building Auth Revenue Refunding Bands N MI CO -MGR 09/10/20 2.535 Rosedale -Rio Bravo Wtr Storage Dt Revenue Refunding Bonds N CA SOLE Source Refin;tiv as of June 30, 2021 Sale D. Description -N• Stm Role 09110M 9.460 Rosedale -Rio Bravo Wtr Storage Dt Revenue Refunding Bonds CA SOLE 09/10/20 16.235 Rosedale -Rio Bravo Wtr Storage Dt Revenue Refunding Bonds N CA SOLE 09/10/20 26.180 Rosedale -Rio Bravo Wtr Storage Dt Revenue Refunding Bonds N CA SOLE 09/11/20 333.445 Charlotte City -North Carolina Water & Sewer Sys Ref Ref Bonds N NC LEAD 09/15120 49.410 Austin City -Texas Publ.c Improvement & Ref Bonds N TX CO -MGR 09/15/20 218.725 Austin City -Texas Pub Imp & COBs & Pub Prop Bands N TX CO -MGR 09/15/20 15.630 Minnesota Housing Fin Agency Resindential Housing Fin Bonds N MN CO -MGR 09/15/20 109.370 Minnesota Housing F,n Agency Resindential Housing Fin Bonds N MN CO -MGR 09/15/20 3.520 Potter Co (Amarillo) ISD Refunding Bonds N TX CO -MGR 09/15/20 84.870 Potter Co (Amarillo] ISD Refunding Bonds N TX CO -MGR 09!15120 181.770 Sandy Springs Pub Facs Auth Refunding Revenue Bonds C GA SOLE 09/16/20 199.685 NYC Transitional Finance Auth Future Tax Secure Sub Bonds N NY CO -MGR 09/16/20 900.000 NYC Transitional Finance Auth Future Tax Secure Sub Bonds N NY CO -MGR 09/17/20 251.195 Hams Co F'ood Control Dt Improvement Refunding Bonds N TX CO -MGR 09/17/20 200.000 North Carolina Housing Fin Agcy Home Ownership Rev & Ref Bonds N NC CO -MGR 09/22/20 112.065 Louisville -Jefferson Co Metro Swr Dt Swr & Drainage Sys Rev Ref Bonds C KY SOLE 09/22/20 124.835 Miami -Dade Co -Florida Cap Asset Acqui Special Ob Bonds C FL SOLE 09/22/20 28 090 Mobile Co -Alabama L'mited Obligation Warrants N AL LEAD 09/22/20 628.515 Texas Water Development Board Revenue Bonds N TX CO -MGR 09/23/20 4.600 Colorado Hsg & Fin Auth (CHFA) Multi-Famity Class I Bonds N CO CO -MGR 09/23/20 8.040 Colorado Hsg & Fin Auth (CHFA) Multi -Family Class I Bonds N CO CO -MGR 09/23/20 29.735 Colorado Hsg & Fin Auth (CHFA) Multi-Famity Class I Bonds N CO CO -MGR 09/23/20 161.565 NYS Housing Fin -Mortgage Agcy Affordable Hsg Ref Rev Bonds N NY CO -MGR 09/23/20 91.515 Virginia Beach City -Virginia Storm Water Util Rev & Ref Bonds C VA SOLE 09/24120 44.200 Albuquerque City -New Mexico Tran Infra Gross Receipts Tx Bond N NM CO -MGR 09/24/20 80.000 California Municipal Fin Auth Sol -d Waste Disposal Rev Bonds N CA CO -MGR 09/24/20 650.000 NYC Municipal Water Fin Auth Wtr & Swr Sys 2nd Gen Res Bonds N NY CO -MGR 09/24/20 72.405 Tulare Co Transportation Auth Ltd Tx Sales Tax Revenue Bonds N CA CO -MGR 09/24/20 4 000 Virginia Housing Dev Auth (VHDA) Rental Housing Bonds N VA CO -MGR 09/24/20 19.050 Virginia Housing Dev Auth (VHDA) Rental Housing Bonds N VA CO -MGR 09/25/20 175.000 Virginia Housing Dev Auth (VHDA) Rental Housing Bonds N VA CO -MGR 09/29/20 25.705 Henrico Co -Virginia Water & Sewer Sys Rev Bonds N VA CO -MGR 09/29/20 118.675 Henrico Co -Virginia Water & Sewer Sys Ref Rev Bonds N VA CO -MGR 09/30/20 52.035 Hams Co -Houston Sports Auth Senior Lien Revenue Ref Bands N TX LEAD 09/30/20 60.130 Harris Co -Houston Sports Auth Senior & 2nd Ln Revenue Rei Bonds N TX LEAD 09/30/20 80.000 Illinois Housing Dev Authority Revenue Bonds N IL CO -MGR 10/01/20 156.835 Charleston Ed Excellence Fin Corp Installment Purchase Rev Ref Bond N SC SOLE 10/01/20 44.225 Colorado Certificates of Participation N CO LEAD 10/01/20 68.670 Colorado Certificates of Participation N CO LEAD 10/01/20 4.185 Colorado Hsg & Fin Auth (CHFA) Single Family Mortgage Rev Bonds N CO CO -MGR 10/01/20 35.710 Colorado Hsg & Fin Auth (CHFA) Single Family Mortgage Rev Bonds N CO CO -MGR 10/01/20 47.415 Colorado Hsg & Fin Auth (CHFA) Single Family Mortgage Rev Bonds N CO CO -MGR 10/01/20 397.440 Florida State BOE Pub Education Cap Outlay Ret Bond C FL SOLE 10/01/20 64.035 NYC Housing Dev Corp Multi -Family Housing Rev Bonds N NY CO -MGR 10/01/20 28.640 New Bedford City -Massachusetts GO Stale Qual Muni Purp Ln Bonds C MA SOLE 10/01/20 258.573 North Texas Tollway Auth (NTTA) System Revenue Refunding Bonds N TX CO -MGR 10/01/20 258.573 North Texas Tollway Auth (NTTA) System Revenue Refunding Bonds N TX CO -MGR 10/05120 86.200 Montgomery Co -Tennessee General Obligation Bonds C TN SOLE 10/06/20 614.615 Hampton Roads Trans Arc Com (HRTAC) Roads Transportation Fund Bonds N VA CO -MGR 10/06/20 11.485 Maryland Dept Hsg & Com Dev (DHCD) Housing Revenue Bonds N MD CO -MGR 10/06/20 250.000 Ohio Water Development Authority Wtr Poli Ctrl Ln Fund Ref Bonds N OH LEAD 10/06/20 59.375 Palm Beach Co -Florida Water & Sewer Rev Ref Bonds C FL SOLE 10/07/20 9.410 Shafter Wasco Irrigation Dt Refunding Revenue Bonds N CA SOLE 10/08/20 47.395 Albany -Dougherty Inner City Auth Refunding Revenue Bonds N GA LEAD 10/08/20 219.310 Arlington Co -Virginia GO Refunding Bonds N VA CO -MGR 10/08/20 47.830 Dallas Co (Garland) ISD Refunding Bonds N TX CO -MGR 10/08/20 900.000 New York City -New York General Obligation Bonds N NY CO -MGR 10/09/20 178.070 NYS Housing Fin -Mortgage Agcy Affordable Housing Rev Bonds N NY CO -MGR Source: Refrnitiv as of June 30. 2021 Sate D. Description 10/13/20 232.830 Huntsville Health Care Auth Revenue Bonds N AL CO -MGR 10/14/20 26.650 Arlington Co industrial Dev Auth Revenue Bonds N VA LEAD 10/14/20 30.940 Arlington Co Industrial Dev Auth Revenue Bonds N VA LEAD 10/14/20 1.195 Ellis Co (Midlothian) ISD Ref Capital Appreciation Bonds N TX LEAD 10/14/20 30.925 Ellis Co (Midlothian) ISD Refunding Bonds N TX LEAD 10/14/20 72.230 Ellis Co (Midlothian) ISD Refunding Bonds N TX LEAD 10/14/20 146.545 Metro Wastewater Reclamation Dt Sewer Improvement Bonds N CO SOLE 10/14/20 200.000 NYC Transitional Finance Auth Building Aid Revenue Bonds C NY SOLE 10/14/20 63.180 New Mexico Finance Auth (NMFA) State Transpo Ref Rev Bonds N NM CO -MGR 10/15/20 33.105 Centerra Metropolitan Dt#1 Special Rev Ret& Imp Bonds N CO SOLE 10/15/20 103.210 Fort Worth City -Texas Drainage Util Sys Rev & Imp Bonds C TX SOLE 10/15/20 14.770 Isle of Palms -South Carol na Water and Sewer System Rev Bonds C SC SOLE 10/15/20 23.075 Michigan St Hsg Dev Au (MSHDA) Rental Hous -ng Revenue Bonds N MI CO -MGR 10/15/20 499.260 North Carolina Turnpike Authority Revenue BANS N NC LEAD 10/15/20 179.165 Oklahoma Turnpike Authority Revenue Refunding Bonds N OK CO -MGR 10/15/20 187.195 Oklahoma Turnpike Authority Revenue Refunding Bonds N OK CO -MGR 10/15/20 45.824 San Francisco City/Co-Callfomia Multi-Fam N Housing Rev Note P CA SOLE 10/15120 118.130 Virginia GO Refunding Bonds C VA SOLE 10/15/20 50.920 Westchester Co -New York GO Refunding Bonds C NY SOLE 10/16120 19.920 Connecticut Housing & Fin Auth (CHFA) Housing Mortgage Fin Prog Bonds N CT CO -MGR 10/16120 40.390 Connecticut Housing & Fin Auth (CHFA) Housing Mortgage Fin Prog Bonds N CT CO -MGR 10/16/20 59.375 Connecticut Housing & Fin Auth (CHFA) Housing Mortgage Fin Prog Bonds N CT CO -MGR 10/19/20 7.289 Clark Co -Nevada GO Ltd Pub Facs Ref Bonds P NV SOLE 10/19/20 19.015 Santa Clara Co (Union) ESD GO Refunding Bonds N CA SOLE 10/20120 52.000 Charles Co County Commissioners Consolidated Pub Imp Bonds C MO SOLE 10/20120 38.460 Dallas City -Texas GO Refunding Bonds C TX SOLE 10/20120 38.460 Dallas City -Texas GO Refunding Bonds C TX SOLE 10/20/20 194.470 Delaware Transportation Auth Grant Antic pation Bonds N DE CO -MGR 10/20120 2.750 Nevada GO Natural Resources & Ref Bonds C NV SOLE 10120.-20 53.170 Sandy Springs Pub Facs Auth Revenue Bonds C GA SOLE 10/20/20 320.840 Virginia Public School Authority School Financing Ref Bonds C VA SOLE 10/20120 13.665 Wiliam and Mary College General Revenue Pledge Bonds N VA CO -MGR 10120/20 137.495 Wi liam and Mary College General Rev Pledge & Ref Bonds N VA CO -MGR 10/21/20 198.890 California Various Purpose GO Ref Bands C CA SOLE 10/21/20 33.105 Fossil Ridge Metro DI #3 Limited Tax GO Ref & Imp Bonds N CO SOLE 10/22/20 206.085 Alabama Pub School & College Au Capita Imp Pool & Ref Bonds N AL LEAD 10/22/20 1,274.750 Alabama Pub School & College Au Capita' Improvement & Ref Bonds N AL LEAD 10/22/20 56.365 Connecticut Housing & Fin Auth (CHFA) Housing Mortgage Fin Prog Bonds N CT CO -MGR 10/22/20 76.075 Connecticut Housing & Fin Auth (CHFA) Housing Mortgage Fin Prog Bonds N CT CO -MGR 10/22120 77.035 Connecticut Housing & Fin Auth (CHFA) Housing Mortgage Fin Prog Bonds N CT SOLE 10/22/20 1.168 Harris Co (Goose Creek) CISD Refunding Bonds N TX CO MGR 10122/20 120.010 Harris Co (Goose Creek) CISD Refunding Bonds N TX CO -MGR 10122/20 363.230 Los Angeles Co Pub Works Fin Au Lease Revenue Bonds N CA LEAD 10/22/20 109.725 Washington State Un-versity General Revenue & Ref Bonds N WA CO -MGR 10126/20 49.535 Santa Clara Co (Cupertino) USD GO Refunding Bonds N CA SOLE 10/26/20 14.860 Scott Co (Shakopee) ISO #720 GO School Building Ref Bonds C MN SOLE 10/27/20 29.440 Apex -North Carolina GO Refunding Bonds C NC SOLE 10127/20 387.150 Harris Co (Cypress -Fairbanks) 'SD School Building & Ref Bonds N TX CO -MG R 10/27/20 30.725 Platte Co (Park Hi 1) SD GO Refunding Bonds C MO SOLE 10127/20 54.025 Westchester Co (Pelham) UFSD School District Serial Bonds C NY SOLE 10/28/20 502.615 California St Public Works Board Lease Revenue Refunding Bonds N CA LEAD 10/28/20 27.395 Charleston Public Facs Corp Installment Purchase Rev Bonds N SC LEAD 10/28/20 72.000 Clayton Co -Georgia General Obligation Bonds P GA SOLE 10/28/20 144.520 Galveston Co (Gear Creek) ISD Refunding Bonds N TX CO -MG R 10/28/20 28.770 0 Fallon City -Missouri Special Obligation Bonds C MO SOLE 10/28/20 199.755 Upper Occoquan Sewerage Auth Reg Sewerage Sys Rev Ref Bonds C VA SOLE 10/28/20 74.750 Utah Transit Au (UTA7 Sales Tax Revenue Ref Bonds N UT LEAD 10/28/20 1.065 Ventura Co (Oak Park) USD GO Refunding Bonds N CA SOLE Source: Refinitiv as of June 30. 2021 Sale D. D• 10/28/20 7.891 Ventura Co (Oak Park) USD GO Refunding Bonds N' CA SOLE 10/28/20 38.835 Washington St Hsg Fin Commission Single Family Program Bonds N WA CO -MGR 10/29/20 252.810 Georgia Muni Electric Au (M EAG) General Resolution & Sub Bonds N GA LEAD 10/29/20 35.645 Maine State Housing Authority Mortgage Purchase Bonds N ME CO -MGR 10/29/20 40.000 Maine State Housing Authority Mortgage Purchase Bends N ME CO -MGR 10/29/20 119.000 Milwaukee City -Wisconsin GO Refunding Promissory Notes C WI SOLE 10/29/20 700.000 NYC Transitional Finance Auth Future Tax Secured Sub Bonds N NY CO -MGR 10/29/20 700.000 North Carolina Limited Obligation Bonds N NC CO -MGR 10/29/20 85.330 Polk Ca (Southeast Polk) CSD GO School Bonds C IA SOLE 10/29/20 5.000 Ventura Co (Conejo Valtey) USD General Obligation Bonds N CA SOLE 10/29/20 44.995 Ventura Co (Conejo Valley) USD General Obligation Bonds N CA SOLE 10/30/20 93.060 Michigan St Hsg Dev Au (MSHDA) Sing'e Family Mortgage Rev Bonds N MI CO -MGR 10/30/20 151.630 Michigan St Hsg Dev Au (MSHDA) Single Family Mortgage Rev Bonds N MI CO -MGR 10/30/20 444.415 Wisconsin Center Dt Sr & Jr Dedicated Tax Rev Bonds N WI CO -MGR 11/09/20 40.067 Minnesota Housing Fin Agency Homeownership Fin Bonds N MN CO -MGR 11/10/20 125.000 North Dakota Hsg Fin Agcy Housing Finance Program Bonds N ND CO -MGR 11/12120 10.725 Hampton City -Virginia GO Public Improvement Bonds N VA CO -MGR 11/12120 16.895 Hampton City -Virginia GO Public Improvement & Ref Bonds N VA CO -MGR 11/12/20 63.400 Hoover Industrial Dev Board Environmental Imp Rev Bonds N AL CO -MGR 1 1112120 33.300 Indiana Finance Authority Environmental Imp Rev Bonds N IN CO -MGR 11/12120 13.700 Los Angeles City -California Multi -Family Housing Rev Note P CA SOLE 11112/20 36.010 Mesa City -Arizona Excise Tax Revenue Obligations N AZ SOLE 11116120 62.720 Collin Co (Plano) LSD Refunding Bonds N TX LEAD 11117/20 47.510 Bexar Co (San Antonio) ISO Refunding Bonds N TX LEAD i 1118120 77.390 Georgia Mun, Electric Au (MEAG) Revenue Bonds N GA LEAD 11/18/20 51.120 Massachusetts Dev Finance Agcy Special Obligation Ref Bonds C MA SOLE 11/18/20 15.155 Minneapolis -St Paul Metro Council GO Transit Refunding Bonds C MN SOLE 11/18/20 3,672.360 New Jersey GO Emergency Bonds N NJ CO -MGR 11!18120 15.990 Otter Tail Co (Pe;ican Rapids) ISD #548 GO School Bldg Ref Bonds C MN SOLE 1 V18120 44.970 Virginia Housing Dev Auth (VHDA] Rental Housing Bonds N VA CO -MGR 11{18120 50.000 Virginia Housing Dev Auth (VHDA) Rental Housing Bonds N VA CO -MGR 11.19/20 18.885 Anchorage City -Alaska Port Revenue Bonds N AK CO -MGR 11119/20 46.210 Anchorage City -Alaska Port Revenue Bands N AK CO -MGR 11119/20 38.970 Athens Housing Authority Revenue Bonds N GA LEAD 11!19120 35.025 Colorado Hsg & Fin Auth (CHFA) Multi -Family Project Bonds N CO CO -MGR 11119/20 10.195 Univ of Oklahoma Bd of Regents General Revenue Ref Bonds N OK CO -MGR 11/19/20 60.565 Univ of Oklahoma Bd of Regents General Revenue Ref Bonds N OK CO -MGR 11/20/20 38.070 Franklin Co Industrial Dev Auth Public Fac Lease Rev Ref Bonds N VA LEAD 11/20/20 31.530 NYC Housing Dev Corp Housing Impact Bonds N NY LEAD 11/20/20 257.535 NYC Housing Dev Corp Housing Impact Bonds N NY LEAD 11/24/20 3.875 Denton Co ISD Refunding Bonds N TX CO -MGR 11/24/20 265.570 Denton Co ISD Refunding Bonds N TX CO -MGR 11/24/20 9.415 Shreveport City -Louisiana Water & Sewer Rev Ref Bonds N LA LEAD 11/24/20 18.035 Shreveport City -Louisiana Water & Sewer Rev Ref Bonds N LA LEAD 12/01/20 6.965 Colorado Reg Transportation Dt Revenue Bonds N CO LEAD 12/01/20 304.820 Colorado Reg Transportation Dl Revenue Bonds N CO LEAD 12/01/20 500.000 Illinois State Toll Highway Auth Toll Highway Sr Revenue Bonds N IL CO -MGR 12/01/20 60.000 Oregon Hsg & Comm Svcs Dept Mortgage Revenue Bonds N OR CO -MGR 12/02/20 22.035 Louisiana Gov Env Fac & CDA (LCDAi Revenue Bonds N LA SOLE 12/02/20 23.860 Maryland Dept Hsg & Com Dev (DHCD) Housing Revenue Bonds N MD CO -MGR 12/02/20 1,500.000 New Jersey Trans Trust Fund Au Transportation Program Bonds N NJ CO -MGR 12/02/20 23.500 Westchester Co Indust Dev Agcy Multi -Family Housing Rev Bonds N NY SOLI: 12/03/20 24.560 Colorado Hsg & Fin Auth (CHFA) Multi -Family Housing Rev Bonds N CO CO -MGR 12/03/20 91.430 Frisco City -Texas GO Refund'ng & Improvement Bonds C TX SOLE 12/03/20 534.425 NYC Municipal Water Fin Auth Wtr & Swr Sys 2nd Gen Reso Bands N NY CO -MGR 12/03/20 194.570 NYS Housing Fin -Mortgage Agcy Affordable Housing Rev Bonds N NY LEAD 12/03/20 287.045 NYS Housing Fin -Mortgage Agcy Affordable Housing Rev Bonds N NY CO -MGR 12/03/20 15.720 Pima Co -Arizona Certificates of Participation N AZ CO -MGR Source- Refinitav as of June 30, 2021 Sale Date 12103/20 50.390 Pima Co Arizona Certificates of Participation N AZ CO -MGR 12/03/20 170.800 W.II Co -Illinois GO Alt Rev Source Ref Bonds N IL SOLE 12/04/20 2.980 Massachusetts Housing Fin Agcy Housing Bonds N MA CO -MGR 12/04/20 50.560 Massachusetts Housing Fin Agcy Housing Bonds N MA CO -MGR 12/04/20 63.210 Massachusetts Housing Fin Agcy Housing Bonds N MA CO -MGR 12/08/20 242.570 Los Angeles Dept Wtr & Pwr (LADWP) Water Sytem Revenue Bonds N CA CO -MGR 12/08/20 37.040 Ohio Higher Ed Fac Commission Revenue Bonds N OH LEAD 12109/20 15.585 El Paso Co -Colorado Revenue Refunding Bonds N CO SOLE 12/09/20 22.765 E Paso Co -Colorado Revenue Refunding Bonds N CO SOLE 12109/20 484.160 Georgia State Road & Tollway Auth Fed Hway GANs & Reimburse Bonds N GA CO -MGR 12/09/20 2.800 Massachusetts Housing Fin Agcy Single Family Mortgage Rev Bonds N MA CO -MGR 12/09/20 102.365 Massachusetts Housing Fin Agcy Single Fam tY Mortgage Rev Bonds N MA CO -MGR 12109/20 16.525 Minnesota Housing Fin Agency Residential Hous ng Finance Bonds N MN CO -MGR 12/09/20 108.475 Minnesota Housing Fin Agency Res;dential Housing Finance Bonds N MN CO -MGR 12/09/20 39.050 New Jersey Hsg & Mtg Fin Agency Multi Family Revenue Bonds N NJ LEAD 12!09120 41.550 New Jersey Hsg & Mtg Fin Agency Mulb-Family Revenue Bonds N NJ LEAD 12109/20 202.315 Port of Morrow -Oregon Transmission Facs Rev Bonds N OR LEAD 12/09/20 279.315 University of Connecticut GO & Refunding Bonds N CT CO -MGR 12/10/20 27.240 Tucson City -Arizona Ref Certificates of Part-cipation N AZ SOLE 12/11/20 19.800 Florida Gulf Coast Univ Fin Corp Capital 'improvement Ref Rev Bonds N FL SOLE 12/11120 137.605 NYC Housing Dev, Corp Mult Family Housing Rev Bonds N NY CO -MGR 12/11/20 315.345 NYC Housing Dev Corp Mult;-Fami y Housing Rev Bonds N NY CO -MGR 12/15/20 109.310 Collin Co (Frisco) ISD Refund!ng Bonds N TX CO -MGR 12/15/20 182.170 Collin Co iFrisco) ISD Schooi Building & Refunding Bonds N TX CO -MGR 12115!20 319.025 Empire State Development Corp Revenue Bonds C NY SOLE 12/15/20 338.605 Empire State Development Corp Revenue Bonds C NY SOLE 12/15/20 37.550 New Hampshire GO Refunding Bonds C NH SOLE 12/15/20 39.000 Travis Co Housing Finance Corp Mu'ti-Family Housing Rev Bonds N TX LEAD 12116/20 21.000 District of Columbia Hsg Fin Agy Multi -Family Housing Rev Bonds N DC SOLE 12/16/20 310.195 NYC Health & Hosp Corp Health System Bonds N NY CO -MGR 12/16/20 73.260 NYC Trust for Cultural Resources Refunding Revenue Bonds N NY CO -MGR 12!16120 6 750 Three Springs Metro Dt #1 Sub Ltd Tx GO Refunding Bonds N CO SOLE 12117/20 20.805 Denton Co (Little Elm) ISD Refunding Bonds N TX LEAD 12/17/20 1.500.000 New York City -New York General Obligation Bonds N NY CO -MGR 12117/20 .500 South Carolina St Hsg Fin & Dev Au Multi -Family Rental Hsg Rev Bonds N SC SOLE 12/17/20 14.500 South Carolina St Hsg Fin & Dev Au Multi -Family Rental Hsg Rev Bonds N Sc SOLE 01/06/21 1.475 Colorado Hsg & Fin Auth (CHFA) Single Family Mortgage Bonds N CO CO -MGR 01/06/21 28 915 Colorado Hsg & Fin Auth (CHFA) Single Family Mortgage Bonds N CO CO -MGR 01106/21 51.525 Colorado Hsg & Fin Auth (CHFA) Single Family Mortgage Bonds N CO CO -MGR 01106/21 54.275 Louisiana Transportation Auth Refunding Bonds N LA LEAD 01107/21 71.500 California Infrstr & Eco Dev Bank Refunding Revenue Bonds N CA SOLE 01/07/21 228.500 California Infrstr & Eco Dev Bank Refunding Revenue Bonds N CA SOLE 01107/21 89.580 Multnomah Co -Oregon Full Faith & Credit Ref Oblig C OR SOLE 01/12/21 79.000 Salt Lake Co (Canyons) SD BOE General Obligation Bonds C UT SOLE 01/12/21 52.345 San Diego Co (Escondido) USD GO Refunding Bonds N CA SOLE 01/12/21 99.000 South Dakota Housing Dev Auth Homeownership Mortgage Bonds N SD CO -MGR 01/13/21 46.665 Mississippi Home Corporation Single Family Mortgage Rev Bonds N MS SOLE 01/14121 250.000 Long Island Power Authority Electric System Gen Rev Nates N NY CO -MGR 01/14121 34.995 Virginia Polytechnic Ins & Slate Univ General Rev Pledge Ref Bonds N VA CO -MGR 01/15121 35.780 Greensboro City -North Carolina Limited Obligation Bonds N NC LEAD 01/20121 117.285 Harris Co (Channelview) ISD Unlimited Tax Schhool Bldg Bonds C TX SOLE 01/21/21 99.250 Montgomery Co Hsg Opportunities Comm Multi -Family Housing Dev Bonds N MD LEAD 01/21/21 995.235 New Jersey Turnpike Authority Turnpike Revenue Bonds N NJ CO -MG R 01/21/21 7.920 Scottsdale Muni Property Corp Excise Tax Rev Rei Bonds N AZ LEAD 01/21/21 135.185 Scottsdale Muni Property Corp Excise Tax Rev Rei Bonds N AZ LEAD 01/21/21 76.870 Utah State Board of Regents General Revenue Refunding Bonds N UT CO -MGR 01/21/21 94.620 Utah State Board of Regents General Revenue Refunding Bonds N UT CO -MGR 01 126121 50.000 Los Angeles Dept Wtr & Pwr (LADWP) Power System Demand Rev Bonds N CA SOLE Source. Refinitiv as of June 30. 2021 Sale Date Description - State -. 01/26/21 125.000 Los Angeles Dept Wtr & Pwr (LADWP) Power System Demand Rev Bonds N, CA SOLE 01/26/21 135.010 Ohio Turnpike & Infrastructure Comm Turnpike Revenue Bonds N OH CO -MGR 01/26/21 4.365 Oregon Revenue Bonds N OR CO -MGR 01/26/21 26.260 Oregon Revenue & Refunding Bonds N OR CO -MGR 01/26/21 76.470 Scott Co (Shakopee ISD #720 GO Schoo' Budding Ref Bonds N MN SOLE 01/26/21 38.295 University of Idaho Regents General Revenue Ref Bonds N ID SOLE 01/28/21 52.985 Amarillo City -Texas Genera Obligation Bonds C TX SOLE 01/28/21 557.505 Chicago City BOE GO & Ref Dedicated Rev Bonds N iL CO -MGR 01/28/21 37.135 Part Freeport -Texas General Ob'igation Bonds C TX SOLE 01/29/21 25.205 Colorado High Performance Trans Ent Trans Enterprise Toll Rev Notes P CO SOLE 02/02/21 95.000 Illinois Housing Dev Authority Revenue Bands N IL CO -MGR 02/02/21 197.725 Maryland Dept Hsg & Com Dev (DHCD) Residentia: Revenue Bonds N MD CO -MGR 02/03/21 205.435 NYC Transit-onal Finance Auth Future Tax Secured Sub Bonds C NY SOLE 02/04/21 900.000 NYC Transitional Finance Auth Future Tax Secured Sub Bonds N NY LEAD 02/04/21 178.195 New Orleans City -Louisiana Sewerage Svc Rev Ref Bonds N LA CO -MGR 02/04/21 194.300 New Orleans City -Louisiana Water Revenue Refund ng Bonds N LA CO -MGR 02/09/21 147.330 Austin City -Texas Rental Car Spec Fac Rev Ref Bonds N TX LEAD 02/09/21 68.659 Metropolitan Transport Auth (MTA) Transportation Rev Green Bonds C NY SOLE 02/09/21 160.206 Metropolitan Transport Auth (MTA) Transportation Rev Green Bonds C NY SOLE 02/09/21 713.365 Tennessee State School Bond Au Higher Ed Fees 2nd Program Bonds N TN CO -MGR 02/10/21 118.885 Florida Dept of Transportation Federal Hway Reimburse Rev Bonds C FL LEAD 02/10121 83.328 Minnesota Housing Fin Agency Homeownership Finance Bonds N MN CO -MGR 02/11/21 70.370 Connecticut Housing & Fin Auth (CHFA) Housing Mortgage Fm Prog Bonds N CT CO -MGR 02/11121 86.140 Galveston Co (Dick!nson; ISD School House Bonds N TX CO -MGR 02/16121 17.525 Connecticut Housing & Fin Auth (CHFA) Housing Mortgage Fin Prog Bonds N CT CO -MGR 02/16121 175 515 Connecticut Housing & Fin Auth (CHFA) Housing Mortgage Fin Prog Bonds N CT CO -MGR 02/17/21 135.000 Florida Housing Finance Corp Homeowner Mortgage Rev Bonds N FL CO -MGR 02/17/21 169.985 Pulaski Co (No LiU!e Rock) SO #1 Refunding Bonds C AR SOLE 02/17/21 658.055 Tucson City -Arizona Certificates of Participation N AZ CO -MGR 02/18/21 50.000 Maine State Housing Authority Mortgage Purchase Bonds N ME CO -MGR 02/18/21 81.590 Virginia Housing Dev Auth (VHDA) Rental Housing Bonds N VA LEAD 02/19/21 35.800 Pennsylvania Housing Fin Agcy (PHFA) Single Family Mortgage Rev Bonds N PA CO -MGR 02/19/21 122.125 Pennsylvania Housing Fin Agcy (PHFA) Single Family Mortgage Rev Bonds N PA CO -MGR 02123/21 225.000 Mecklenburg Co -North Carolina GO School Bonds C NC SOLE 02/23/21 290.230 Regents of the Univ of California General Revenue Bonds N CA CO -MGR 02/23/21 1,089.330 Regents of the Univ of Cali fomia General Revenue Bonds N CA CO -MGR 02/24/21 107.490 Galveston Co (Clear Creek) ISD School Building Bonds N TX CO -MGR 02/24/21 50.000 Maryland GO State & Local Facs Loan Bonds C MO SOLE 02/24/21 9.190 NYC Housing Dev Corp Mull: -Family Housing Rev Bonds N NY CO -MGR 02/24/21 94.940 NYC Housing Dev Corp Multi -Family Housing Rev Bonds N NY CO -MGR 02/24/21 212.000 NYC Housing Dev Corp Multi -Family Housing Rev Bonds N NY CO -MGR 02/24/21 75.000 NYC Municipal Water Fin Auth Wtr & Swr 2nd Gen Reso Rev Bonds N NY CO -MGR 02/24/21 75.000 NYC Municipal Water Fin Auth Wtr & Swr 2nd Gen Reso Rev Bonds N NY CO -MGR 02/24/21 403.260 NYC Municipal Water Fin Auth Wtr & Swr 2nd Gen Reso Rev Bonds N NY CO -MGR 02/24/21 127.605 Nebraska Public Power Dt General Revenue Bonds N NE CO -MGR 02/24/21 269.810 Sacramento Co Sanit Dt Fin Au Refunding Revenue Bonds N CA CO -MGR 02/25/21 392.945 Regents of the Univ of California Revenue Bonds N CA CO -MGR 02/25/21 739.045 Regents of the Univ of California Revenue Bonds N CA CO -MGR 02/25/21 44.245 Unified Gov of Wyandotte Co/Kansas City GO Improvement Bonds C KS SOLE 02/25/21 95.250 Univ of North Carolina Bd of Gov General Revenue Bonds N NC CO -MGR 03/02/21 411.710 Regents of the Univ of California Lim'.ted Project Revenue Bonds N CA CO -MGR 03/03/21 46.420 Emery Co SO General Obligation Bonds C UT SOLE 03/03/21 219.240 Illinois Finance Authority Revenue Bonds N IL CO -MGR 03/03/21 23.060 Minnesota Housing Fin Agency Residential Housing Fin Bonds N MN CO -MGR 03/03/21 101.940 Minnesota Housing Fin Agency Residential Housing Fin Bonds N MN CO -MGR 03/04/21 88.810 Indiana Finance Authority Environmental Improvement Bonds N IN CO -MGR 03/04/21 119.735 Mississippi General Obligation Bonds N MS LEAD 03/04/21 361.385 New York City -New York General Obligation Bonds N NY CO -MGR Source: Refinitiv as of June 30, 2021 03/04/21 900.000 New York City -New York General Obligation Bonds N NY CO -MGR 03109/21 148.490 Wisconsin Transportation Revenue Bonds N WI CO -MGR 03/10/21 116.150 San Diego Co Reg Trans Comm Ltd Tx Sub Sales Tax Rev Bonds N CA CO -MGR 03/10/21 149.840 San Diego Co Reg Trans Comm Ltd Tx Sales Tax Rev Bonds N CA LEAD 03111/21 125.000 California GO Various Purpose Bonds N CA CO -MGR 03/11/21 1,717.060 California GO Various Purpose & Ref Bonds N CA CO -MGR 03/11/21 58.040 Hillsborough Co -Florida Wstwtr Impact Fee Special Assess N FL CO -MGR 03/11/21 574.795 NYC Municipal Water Fin Auth Municipal Wtr Finance Auth N NY CO -MGR 03/12/21 14.055 Pitt Co -North Carolina Limited Obligation Bonds N NC SOLE 03/12/21 16.885 Pitt Co -North Carolina Limited Obligation Bonds N NC SOLE 03/16/21 90.420 Alaska Housing Finance Corp State Capital Project Bonds N AK LEAD 03/16/21 49.170 Montgomery Co (New Caney) ISD Unitd Tax School Build,ng Bonds N TX CO -MGR 03/16/21 20.910 Oregon General Obligation Bonds N OR CO -MGR 03/16/21 152.520 Oregon General Obligation Bonds N OR CO -MGR 03/16/21 436.725 Oregon General Obligation Bonds N OR CO -MGR 03/17/21 145.880 Florida Dept of Transportation Refunding Bonds C FL SOLE 03/17/21 143.250 Orlando Utilities Commission (OUC) Util ty Sytem Revenue Bonds N FL LEAD 03/17/21 150.860 Orlando Utilities Commission (OUC) Util ty Sytem Revenue Bonds N FL CO -MGR 03/17/21 15.000 Texas Dept of Hsg & Comm Affairs Sustainble Multifamily Bonds N TX SOLE 03/18/21 186.720 Wake Co -North Caro'ina GO Public Improvement Bonds N NC LEAD 03/19/21 291.640 NYS Dorm Authority St Personal ncome Tax Rev Bonds N NY CO -MGR 03/19/21 1,871.420 NYS Dorm Authority State Persona Inc Tax Rev Bonds N NY CO -MGR 03119/21 34.015 NYS Housing Fin -Mortgage Agcy Homeowner Mortgage Rev Bonds N NY CO -MGR 03/19/21 96.780 NYS Housing Fin -Mortgage Agcy Homeowner Mortgage Rev Bonds N NY CO -MGR 03/19/21 17.865 North Carolina Housing Fin Agcy Home Ownership Rev Ref Bonds N NC CO -MGR 03/19/21 150.000 North Carolina Housing Fin Agcy Home Ownership Rev Bonds N NC CO -MGR 03/23/21 695.475 California St Public Works Board Lease Revenue Ref Bonds N CA LEAD 03/23/21 8.225 Colorado Hsg & Fin Auth (CHFA) Multi -Family Proj Class I Bonds N CO CO -MGR 03/23/21 20.895 Colorado Hsg & Fin Auth (CHFA) Mub-Family Proj Class I Bonds N CO CO.MGR 03/23/21 244 185 Ctl Texas Reg Mobility Au (CTRMA) Sub Lien Revenue BANs N TX CO -MGR 03/23/21 255.075 Ctl Texas Reg Mobility Au (CTRMA) Senior Lien Revenue Bonds N TX CO -MGR 03/23/21 48 025 Georgetown City -Texas Comb Tx Surp us Pub Contract Ob P TX SOLE 03/23/21 149.990 Tennessee Hsg Dev Agcy (THDA) Resident a Finance Prog Bonds N 1 N CO -MGR 03/24/21 67.400 Arizona Board of Regents System Revenue Bonds N AZ CO -MGR 03/24/21 94.405 Arizona Board of Regents System Revenue Bonds N AZ CO -MGR 03/24/21 121 450 Arizona Board of Regents System Revenue Bonds N AZ CO -MGR 03/24/21 52.995 California Educational Facs Auth Revenue Bonds N CA SOLE 03/24/21 746 005 Maryland Transportat on Auth Transportation Facs Proj Rev Bond N MD CO -MGR 03/24/21 1,001.070 NYC Transit'onal Finance Auth Future Tax Secured Sub Bonds N NY CO -MGR 03/24/21 294 020 San Jose City -California Airport Revenue Ref Bonds N CA CO -MGR 03/25/21 47.430 Allegheny Co Hospital Dev Auth Revenue Bonds N PA CO -MGR 03/25/21 39.145 Calleguas Municipal Water Dt Water Revenue Ref Bonds N CA SOLE 03/25/21 11.095 NYS Housing Fin -Mortgage Agcy Affordable Housing Rev Bonds N NY CO -MGR 03/25/21 26.705 NYS Housing Fin -Mortgage Agcy Affordable Housing Rev Bonds N NY CO -MGR 03/25/21 35.245 NYS Housing Fin -Mortgage Agcy Affordable Housing Rev Bonds N NY CO -MGR 03/25/21 45.000 Orange Co (Irvine) USD General Obligation Bonds C CA SOLE 03/25/21 221.860 Pennsylvania Econ Dev Fin Auth Revenue Bonds N PA CO -MGR 03/25/21 146.490 San Diego Co Water Auth Sub Ln Water Rev Ref Bonds N CA CO -MGR 03/31/21 58.865 Government of Guam Hotel Occupancy Tx Rev Ref Bonds N GU CO -MGR 03/31/21 330.700 San Antonio City -Texas Electric & Gas Sys Jr Ln Ref Bond N TX CO -MGR 03/31/21 181.265 University of Pittsburgh Pitt Asset Notes N PA CO -MGR 04/01/21 18.785 Troy Industrial Dev Board Industrial Development Bonds N AL SOLE 04/06/21 29.740 Lawrence City -Kansas GO Improvement Bonds C KS SOLE 04/06/21 2.350 Purdue Univ Board of Trustees Certificates of Participation N IN LEAD 04/06/21 29.935 Purdue Univ Board of Trustees Certificates of Participation N IN LEAD 04/06/21 117.145 San Diego Public Facs Fin Auth Lease Revenue Bonds N CA CO -MGR 04/07/21 21.000 Austin Housing Finance Corp Multi -Family Mtg-Backed Bonds N TX SOLE 04/07/21 300.400 California Educational Facs Auth Revenue Bonds N CA CO -MGR Source: Refinitiv as of June 30, 2021 D. Description Bid State -. 04/07/21 21.260 Caroline Co -Virginia Water & Sewer System Rev Bonds C VA SOLE 04/07/21 548.175 Central Florida Expressway Au Sr Lien Refunding Rev Bonds N FL LEAD 04/07/21 37.870 F orence Co Public Facilities Corp Installment Purchase Rev Ref Bond N Sc SOLE 04107/21 129.070 San Francisco City & Co Airport Comm Revenue Refunding Bonds N CA CO -MGR 04/07/21 195.225 San Francisco City & Co Airport Comm Revenue Refunding Bonds N CA CO -MGR 04/07/21 222 810 San Francisco City & Co Airport Comm Revenue Refunding Bonds N CA CO -MGR 04/07/21 381.865 Univ of Texas Sys Bd of Regents Revenue F nancing System Bonds N TX LEAD 04/08/21 240 985 California Various Purpose GO & Ref Bonds C CA SOLE 04/08/21 29 755 Clayton Co Deve:opment Authority Revenue Bonds N GA SOLE 04/08/21 50.195 Massachusetts Bay Transport Auth Subordinated Sales Tax Bonds N MA CO -MGR 04/08/21 56 265 Massachusetts Bay Transport Auth Subordinated Sales Tax Bonds N MA CO -MGR 04/08/21 544 770 Massachusetts Bay Transport Auth Subordinated Sales Tax Bonds N MA CO -MGR 04/08/21 19 840 San Antonio Hsg Trust Fin Corp Multi -Family Housing Rev Bonds N TX SOLE 04/08/21 101 620 Virginia Housing Dev Auth (VHDA) Rental Housing Bonds N VA CO -MGR 04/13/21 14.190 Oregon Dept of Adm -n Services Revenue Refunding Bonds N OR CO -MGR 04/13/21 109.915 Oregon Dept of Admin Services Revenue Refunding Bonds N OR CO -MGR 04/13121 69.235 Palm Beach Co -Florida Public Improvement Rev Ref Bonds C FL SOLE 04/13121 827.580 Pennsylvania Econ Dev Fin Auth Revenue Bonds N PA CO -MGR 04/13/21 10 050 Wilmington City North Carolina GO Refunding Bonds C NC SOLE 04/14/21 40.000 Maine State Housing Authority Mortgage Purchase Bonds N ME CO -MGR 04/14/21 74.000 Texas Dept of Hsg & Comm Affairs Sustainable Multi. -Family Bonds N TX SOLE 04/20/21 7 060 American Mun cipal Power Inc Revenue Bonds N OH CO -MGR 04/20/21 91.185 American Municipal Power Inc Revenue Bonds N OH CO -MGR 04/20/21 1,076.210 California Var Purp GO Refunding Bonds N CA CO -MGR 04/20/21 77 790 Virginia Public Schoo' Authority School Financ ng Bonds C VA SOLE 04/21/21 3.790 Colorado Hsg & Fin Auth (CHFA) Single Family Mortgage Bonds N CO CO -MGR 04/21/21 27 210 Co:orado Hsg & Fin Auth (CHFA) Single Family Mortgage Bonds N CO CO -MGR 04121/21 54.000 Colorado Hsg & Fin Auth;CHFA) Single Family Mortgage Bonds N CO CO -MGR 04/21/21 17.290 Connecticut Housing & Fin Auth (CHFA) Housing Mortgage F,n Prog Bonds N CT CO -MGR 04/21/21 47.455 Connecticut Housing & Fin Auth (CHFA) Housing Mortgage Fin Prog Bonds N CT CO -MGR 04/21/21 132.825 Connecticut Housing & Fin Auth (c:HFA) Housing Mortgage Fin Prog Bonds N CT CO -MGR 04/21/21 87.940 NYC Housing Dev Corp Multi -Family Housing Rev Bonds N NY CO -MGR 04/21/21 124.395 NYC Housing Dev Corp Multi Family Housing Rev Bonds N NY CO -MGR 04121/21 150.000 NYC Housing Dev Corp Mu:ti-Family Housing Rev Bonds N NY LEAD 04/21/21 101.940 Orange Co School Board Certificates of Participation N FL CO -MGR 04/21/21 300.000 Pima Co -Arizona Pledged Revenue Obligations N AZ CO -MGR 04/23/21 144.190 Connecticut Special Tax Oblig Ref Bonds N CT CO -MGR 04/23/21 886.695 Connecticut Special Tax Oblig & Ref Bonds N CT CO -MGR 04/28/21 304,500 New Jersey Trans Trust Fund Au Transportation System Bonds N NJ CO -MGR 04/28/21 580.420 New Jersey Trans Trust Fund Au Transportation System Bonds N NJ CO -MGR 04/28/21 589.250 New Jersey Trans Trust Fund Au Transportat'.on Program Bonds N NJ CO -MGR 04/28/21 99.035 Northern Illinois Univ Bird of Rgt Auxiliary Facs System Rev Bonds N IL CO -MGR 05/05/21 86.065 Maine Hlth & Hghr Ed Facs Auth Revenue Bonds N ME CO -MGR 05/05/21 156.870 Maine Hlth & Hghr Ed Facs Auth Revenue Bonds N ME CO -MGR 05/05/21 75.930 Miami University General Receipts Rev & Ref Bonds N OH CO -MGR 05/05/21 66.890 Milledgeville -Baldwin Cc Dev Auth Revenue Bonds N GA SOLE 05/05/21 31.520 Tulsa Co (Jenks) ISD #5 Combined Purpose Bonds C OK SOLE 05/05121 40.020 Wisconsin Hsg & Econ Dev Auth Housing Revenue Bonds N WI LEAD 05/05121 40.860 Wisconsin Hsg & Econ Dev Auth Housing Revenue Bonds N Wl LEAD 05/05/21 75.495 Wisconsin Hsg & Econ Dev Auth Housing Revenue Bonds N WI LEAD 05/06/21 80.545 Los Angeles Co (Norwalk -La Mirada) USD General Obligaton Bonds N CA SOLE 05/07121 71.230 Massachusetts Housing Fin Agcy Single Family Housing Rev Bonds N MA CO -MGR 05/10/21 29.380 Galveston ISD Refunding Bonds N TX CO -MGR 05/11/21 1.900 Colorado Hsg & Fin Auth (CHFA) Multi -Family Project Bonds N CO CO -MGR 05/11/21 5.100 Colorado Hsg & Fin Auth (CHFA) Multi Family Project Bonds N CO CO -MGR 05/11121 9.100 Colorado Hsg & Fin Auth (CHFA) Multi -Family Project Bonds N CO CO -MGR 05/11/21 101.125 Energy Northwest Electric Revenue & Rei Bonds N WA LEAD 05/11/21 610.600 Energy Northwest E'ectnc Revenue & Rei Bonds N WA CO -MGR Source: Refinitiv as of June 30, 2021 Sale D. Bid State Role 05/11/21 17.695 Indiana Finance Authority Educ Fac Ref Revenue Bonds N IN SOLE 05/11/21 6.785 Orange Co (Huntington Beach) UHSD Ref Certificates of Participation N CA SOLE 05/12/21 49.022 Minnesota Housing Fin Agency Homeownership Finance Bonds N MN CO -MGR 05/12/21 22.105 North Charleston Pub Fac Corp Installment Purchase Rev Bonds N SC SOLE 05/12/21 39.755 North Charleston Pub Fat Carp Installment Purchase Ref Bonds N SC SOLE 05/12/21 10.605 Plano City -Texas Waterworks & Swr Sys Rev Bonds C TX SOLE 05/12/21 71.630 Washington St Hsg Fin Commission Single Family Program Bonds N WA CO -MGR 05/13/21 35.820 Bulloch Co Development Authority Revenue Bonds N GA SOLE 05/13/21 216.200 Fairfax Co -Virginia Sewer Revenue & Ref Bonds N VA CO -MGR 05/13/21 120.000 North Dakota Hsg Fin Agcy Housing Financne Program Bonds N NO CO -MGR 05/13/21 103 930 Orange Co (Huntington Beach) UHSD GO Refunding Bonds N CA SOLE 05/18/21 39 450 University of Louisvi:le General Receipts Bonds C KY SOLE 05119;21 500.000 Colorado Certificates of Participation N CO CO -MGR 05119?21 13.700 Glendale City -Arizona General Obligation Bonds N AZ CO -MGR 0511921 155.240 Louisiana Grant Anticipation Rev Bonds N LA LEAD 05119+21 24.020 Minnesota Housing Fin Agency Residential Housing F -n Bonds N MN CO -MGR 05119/21 154.145 Minnesota Housing Fin Agency.. Res,dential Housing Fin Bonds N MN CO -MGR 05/19/21 41.070 Plymouth Town -Massachusetts GO Municipal Purpose Loan Bonds C MA SOLE 05119+21 82.340 University of Cincinnati General Receipts & Ref Bonds N OH LEAD 05!19+21 25.670 West Virginia University Bd of Gov Improvement Revenue Bonds N WV CO -MGR 0511921 45.005 West Virgin a University Bd of Gov Improvement Revenue Bands N WV CO -MGR 05/20/21 38.895 Pennsylvania Housing Fin Agcy (PHFA) Single Family Mortgage Rev Bonds N PA CO -MGR 05120+21 136.675 Pennsylvania Housing Fin Agcy ;PH FA) Single Family Mortgage Rev Bonds N PA CO -MGR 05/20/21 32.920 Wisconsin Public Finance Auth Revenue & Refunding Bonds N WI LEAD 05/20/21 34.080 Wisconsin Public Finance Auth Revenue Bands N WI LEAD 05/21/21 300.000 Charlotte -Mecklenburg Hosp Auth Health Care Revenue Bonds N NC CO -MGR 05/21/21 300.000 Charlotte Mecklenburg Hosp Auth Health Care Revenue Bonds N NC CO -MGR 05/21121 50.100 Univ of North Carolina Bd of Gov General Revenue Refunding Bonds N NC SOLE 05/25/21 16.300 California Housing Finance Agcy Mu;ti-Fami y Mtg-Backed Rev Bonds N CA SOLE 05/25/21 3.630 Collin Co (Frisco) ISD Refunding Bonds N TX LEAD 05/25/21 36.550 Collin Co (Frisco) ISD Refunding Bonds N TX LEAD 05/25/21 105.175 Florida Development Fin Corp Sold Waste Disposal Rev Bonds N FL CO -MGR 05/25/21 22.720 Glendale City -Arizona Water & Sewer Revenue Bonds N AZ LEAD 05/25/21 17.355 Indiana Finance Authority Educational Facs Ref Rev Bonds N ;N SOLE 05/25/21 6.210 Wake Forest Town -North Carolina GO Public Improvement Bonds C NC SOLE 05/25/21 22.790 Williamson Co (Leander) ISD Refunding Bonds N TX CO -MGR 05/25/21 108.960 Williamson Co (Leander) ISD Refunding Bands N TX CO -MGR 05/25121 160.070 Williamson Co (Leander) ISD Refunding Bonds N TX CO -MGR 05/26121 26.705 Baseline Metro Dt #1 Sub & Special Revenue Bonds N CO SOLE 05/26121 137.205 Hawaii Highway Revenue Bonds N HI LEAD 05/26/21 11.755 Louisiana Gov Env Fac & CDA (LCDA) Revenue Bonds N LA SOLE 05/26/21 16.145 Montgomery Co Hsg Opportunities Comm Multi -Faro ly Housing Dev Bonds N MD CO -MGR 05/27121 39.245 Will Co -Illinois GO Alt Revenue Source Bonds N '.L SOLE 06/02/21 12.675 Contra Costa Transportation Auth Sales Tax Rev Ltd Tx Ref Bonds N CA LEAD 06/02/21 97.240 Contra Costa Transportat-on Auth Sa es 'ax Rev Ltd Tx Ref Bonds N CA LEAD 06/02/21 25.800 Pennsylvania Housing Fin Agcy (PHFA) Spec Ltd Oblig Multi-Fam Hsg Bond N PA SOLE 06/02/21 12.240 Salt Lake & Sandy Metro Water Dt Water Revenue Refunding Bonds N UT SOLE 06/02/21 43.340 Salt Lake & Sandy Metro Water Dt Water Revenue Refunding Bonds N UT SOLE 06/03/21 19.160 Iowa State Board of Regents Dormitory Revenue Bonds C IA SOLE 06/03/21 19.685 Orlando Utilities Commission (OUC) Utility System Revenue Rei Bonds N FL CO -MGR 06/03/21 124.470 Rhode Island Hlth & Ed Bldg Corp Pub Sch Rev Bond Fin Prog Bonds N RI CO -MGR 06/03/21 82.220 Seattle City -Washington Water System Imp & Ref Rev Bonds C WA SOLE 06/04/21 73.420 Michigan St Hsg Dev Au (MSHDA) Rental Housing Revenue Bonds N MI CO -MGR 06/04/21 247.670 Michigan St Hsg Dev Au (MSHDA) Rental Housing Revenue Bonds N MI CO -MGR 06108/21 126.010 Charlotte -Mecklenburg Hosp Auth Health Care Refunding Rev Bonds N NC CO -MGR 06/08/21 39.340 Garland City -Texas GO Refunding Bonds C TX SOLE 06108/21 407.775 Georgia General Obligation Bonds C GA SOLE 06/09/21 13.605 Maryland Dept Hsg & Com Dev (DHCD) Housing Revenue Bonds N MD CO -MG R Source: Refinitiv as of June 30. 2021 Sale D. D• • -N State -. 06/09/21 42 595 Massachusetts Housing Fin Agcy Housing Bonds MA CO -MGR 06/09/21 50.655 Massachusetts Housing Fin Agcy Housing Bonds N MA CO -MGR 06/09/21 97.095 Mississippi Home Corporation Single Family Mortgage Rev Bonds N MS CO -MGR 06/09/21 31.305 New Mexico Finance Auth (NMFA) Sub Ln Pub Proj Revolv Fund Bond N NM CO -MGR 06/09/21 55 370 Piedmont Muni Power Agency Electric Revenue Ref Bonds N SC LEAD 06/09/21 50.785 Sarpy Co -Nebraska Hway Alloc Fund Pi edge Bonds C NE SOLE 06/09/21 23.360 Savannah Economic Dev Auth Revenue Refunding Bonds N GA SOLE 06/09/21 333.630 West Virginia Parkways Auth Sr Ln Turnpike Tol! Rev Bonds N WV LEAD 06/10/21 138.755 Anaheim Public Financing Auth tease Revenue Bonds N CA CO -MGR 06/10/21 30.604 Atlantic Co (Buena) RSD School Bonds C NJ SOLE 06/10/21 38.885 Douglas -Arizona P edged Revenue Obligations N AZ CO -MGR 06/10/21 50.515 Massachusetts Commonwealth Trans Fund Rev Bonds N MA CO -MGR 06/10/21 162 200 Massachusetts Commonwealth Trans Fund Rev Bonds N MA CO -MGR 06/10/21 187.285 Massachusetts Commonwealth Trans Fund Rev Bonds N MA CO -MGR 06/10/21 289.355 Massachusetts Commonwealth Trans Fund Rev Bonds N MA CO -MGR 06/10/21 163 772 Memphis -She by IDB Eco Dev Grow Eng-ne Local Gov Public Imp Bonds N TN CO -MGR 08/10/21 5.650 Montgomery Co Hsg Opportunities Comm Single Family Mortgage Rev Bonds N MD CO -MGR 08/10/21 22 750 Montgomery Co Hsg Opportunities Comm Single Family Mortgage Rev Bonds N MD CO -MGR 06/10/21 40.015 Upper Trinity Regional Water Dt Reg Treated Wtr Supp Sys Ref Bond N TX CO -MGR 06115/21 122.480 Charleston City -South Carolina Wtrwrks & Swr Sys Ref Rev Bonds N SC LEAD 06/15/21 309 275 Idaho Energy Resources Auth Transmission Facs Rev Bonds N ID CO -MGR 06/15/21 52.285 Manassas City-Vrrginia GO Public Improvement & Ref Bonds C VA SOLE 06/15/21 37.230 Wisconsin Public Finance Auth Health Care Facs Rev Bonds N WI LEAD 06/16/21 241 895 NYC Housing Dev Corp Multi Family Housing Rev Bonds N NY CO -MGR 06/16/21 258 310 NYC Housing Dev Corp Multi -Family Housing Rev Bonds N NY CO -MGR 06/16/21 32 165 NYS Dorm Authority State Personal income Tax Bonds N NY CO -MGR 06/16/21 1.825.620 NYS Dorm Authority State Personal Income Tax Bonds N NY CO -MGR 06/16/21 284.745 NYS Environmental Facs Corp St Clean & Drinking Wtr Fund Bond N NY CO -MGR 06/16/21 80.000 Virginia Housing Dev Auth (VHDA) Rental Housing Bonds N VA CO -MGR 06/17/21 6.430 Franklin City -Virginia General Obligation Bonds C VA SOLE 06/17/21 114.315 Oklahoma Muni Power Auth (OMPA) Power Supply System Rev Ref Bonds N OK CO -MGR 06/17/21 172.015 Oklahoma Muni Power Auth (OMPA) Power Supply System Rev Ref Bonds N OK CO -MGR 06/22/21 32.050 Santa Clara Co (Evergreen) SD General Obligation Bonds N CA SOLE 06/23/21 60.000 Collin Co (Melissa) ISD School Building Bonds N TX CO -MGR 06/23/21 5.655 NYS Housing Fin -Mortgage Agcy Affordable Housing Revenue Bonds N NY CO -MGR 06/23/21 5.960 NYS Housing Fin -Mortgage Agcy Affordable Housing Revenue Bonds N NY CO -MGR 06/23121 32.965 NYS Housing Fin -Mortgage Agcy Affordable Housing Revenue Bonds N NY CO -MGR 06/23/21 34.805 NYS Housing Fin -Mortgage Agcy Affordable Housing Revenue Bonds N NY CO -MGR 06/23/21 48.460 NYS Housing Fin -Mortgage Agcy Affordable Housing Revenue Bonds N NY CO -MGR 06/23/21 81.795 NYS Housing Fin -Mortgage Agcy Affordable Housing Revenue Bonds N NY CO -MGR 06/23/21 167.755 Tennessee General Obligation Bands N TN CO -MGR 06/23/21 490.910 Tennessee GO Refunding Bonds N TN CO -MGR 06/24/21 10.000 Lexington Ind Dev Auth Educational Facs Rev Ret Bonds N VA SOLE 06/24/21 15.810 Lexington Ind Dev Auth Educational Facs Rev Ref Bonds N VA SOLE 06/24/21 39.825 NYC Housing Dev Corp Multi-Fam ly Housing Rev Bonds N NY CO -MGR 06/24/21 94.655 Northern Tobacco Sec Corp Tobacco Settle Assect-Backe Bonds N AK CO -MGR 06/24/21 187.825 Northern Tobacco Sec Corp Tobacco Settle Assect-Backe Bonds N AK CO -MGR Total 2ti0,118b.853 `� "..off.; Source: Refinitiv as of June 30, 2021 Disclosures (Continued): 9 County of Hawaii Public Finance Bond Underwriting — HRS 103D-304 Informational Purposes Only; Important Information Regarding These Materials The Materials are provided for general information about the transactions described herein. The Materials do not constitute an offer to sell or a solicitation of an offer to buy, or a recommendation or commitment for any transaction involving the securities or financial products named or described herein, and are not intended as investment advice or as a confirmation of any transaction. Assumptions stated herein may or may not be valid. Externally sourced information contained in the Materials has been obtained or derived from sources we reasonably believe to be reliable, but Wells Fargo Securities and W FBNA make no representation or warranty, express or implied, with respect thereto, and do not represent or guarantee that such information is accurate or complete. Wells Fargo Securities and WFBNA do not assume or accept any liability for any loss which may result from reliance thereon, Wells Fargo Securities and/or one or more of its affiliates may provide advice or may from time to time have proprietary positions in, or trade as principal in, any securities or other financial products that may be mentioned in the Materials, or in derivatives related thereto. Although we believe that market data and other information contained in the Materials is reliable, itis not warranted as to completeness or accuracy, is subject to change without notice, and we accept no responsibility for its use or to update or keep it current. The Materials are not an offer or commitment for any products or transactions. Our willingness to enter into any transaction is subject to final credit approval, agreement on transaction terms and compliance to our satisfaction with all applicable legal and regulatory requirements, including onboarding and swap trading relationship documentation. Terms, rates, prices and structure in the Materials are indicative only, and should not be relied upon as the terms, rates, prices or structure on which we or anyone else would be willing to enter into, terminate or transfer a transaction with you, or relied upon for any other purpose. Actual rates and prices may be higher or lower depending on market conditions at the time of execution. We reserve the right to amend, supplement or replace the Materials at any time, and your use of the Materials constitutes your agreement to update the Materials with any such amendments, supplements or replacements we furnish you. In no event shall Wells Fargo be liable to you or any third party for any direct or indirect, special, incidental, or consequential damages, losses, liabilities, costs or expenses arising directly or indirectly out of or in connection with the Materials. The information in the Materials is confidential and may not be disclosed by you to anyone without our written consent, other than to your advisors, and judicial or other governmental authorities or regulators having jurisdiction over you (including, without limitation, federal, state or local tax authorities). Applicability of Certain Regulations One or more transactions described in the Materials may be "swaps" as defined in the CEA and CFTC regulations or foreign exchange ("FX") products subject to certain CFTC regulations. From time to time, we may furnish you with certain information or request that you furnish us with certain information or representations or take other actions we consider necessary or appropriate to comply with applicable legal or regulatory requirements, including the requirement that, in order to enter into a swap with us, you must be an Eligible Contract Participant ("ECP") (as defined in CER Section la(18) and CFTC Regulation 1.3). Nothing herein purports to be a complete statement of regulations applicable to swaps, matters which you should address with your own legal advisors. For purposes of CFTC Regulations 1.71 and 23.605, please notethat the Materials area "solicitation" of a swap and nota "research report" as defined therein. To the extent the Materials include a scenario analysis, such inclusion shall not supersede your right under CFTC Regulation 23.431(b) to request and consult in the design of a scenario analysts. Nothing in the Materials should be construed as a recommendation or opinion with respect to any swap or trad ng strategy involving a swap for purposes of CFTC regulations or the CEA. The Materials do not take into account your particular investment objectives, financial condition or needs and are not intended to serve as a basis for entering into a swap or to suggest, through opinion, recommendation, or otherwise, that you should enter into a particular swap or trading strategy involving a swap. In addition to the information furnished herein, you should not enter into any swap or other transaction described in the Materials without reviewing and understanding our "Disclosure of Material Information for Swaps' and accompany ng documents available to you at: •.v�vw.wellsfargo.coin/stiva isclosun ("Swap Disclosures"). If you area "Special Entity" with n the meaning of CFTC Regulation 23.401(c), you are hereby notified that these Materials are not, are not intended to be and should not be interpreted as an expression of an opinion within the meaning of CFTC Regulation 23.440 by any person on behalf of Wells Fargo & Company and is subsidiaries as to whether you should enter into any swap or trading strategy involving a swap. If these Materials relate to an SBS they are intended only for persons that are ECPs as defined in CEA Section la(18) and the regulations issued thereunder. If you are not an ECP and the Materials involve an SBS, pease disregard the Materials, delete the Materials without retaining a copy, and immediately notify the sender. Not Financial, Accounting, Tax or Legal Advice; Arm's Length Relationship You should not construe the content of the Materials as financial, accounting, tax, legal or other advice, and you should consult your own financial advisor, accountant, tax advisor and attorney for opinions on whether to enter into any transaction described in the Materials and as to as to financial, accounting, tax, .ega. and related matters concerning these Materials. Wel s Fargo is not acting as your agent or advisor, including pursuant to Section 158 of the SEA or any other applicable regulation, with respect to the transactions described in these Materials, and does not owe you a fiduciary duty. All transactions described in the Mater als are arm's length transactions to be negotiated by each party acting in its own best interests. The price and other terms of any transaction will be individually negotiated, and there is no assurance that they will represent the best price or terms available to you from us or other sources. Whether they are executable, ind:cative or illustrative, you should assume that any price we offer, quote or otherwise provide to you for entering into, transferring or terminating a transaction w th Wells Fargo is strictly a Wells Fargo price and should not be considered a "market price" offered by anyone else in the market. In this regard, Wells Fargo under applicable CFTC regulat ons may be required to disclose to you a "pre -trade mid -market mark" of the transaction in order for you to assess material incentives and conflicts of interest we may have in connection with the transaction. We may also be required to disclose material econom'c terms and material risks of such transaction. Information about the pre -trade mid -market mark and other material disclosures regarding swaps can be found at: Swap Disclosures. LIBOR Discontinuation Risk Dueto uncertainty surrounding thesustainabilityof the London Interbank Offered Rate ("LIBOR"), central banksand global regulators havecalled forfinancial market participants to prepare for the discontinuation of LIBOR by the end of 2021. The continuation of LIBOR on the current basis cannot and will not be guaranteed after 2021. Wh le global regulators and financial services industry market participants, including the Alternative Reference Rates Committee in the United States, have been working on developing alternative reference rates ("ARR") for LIBOR and other interbank offered rates, there is no guarantee that ARRs will be widely used by market participants by the end of 2021, that any ARRs developed will be suitable for each transaction as a substitute or successor for LIBOR, that the composition or characteristics of ARRs will be similar to those of LIBOR, or that ARRs will be the economic equivalent of the \\ cIIS I%ar,,1u StruritIt: County of Hawaii Public Finance Bond Underwriting — HRS 103D-304 rate used in your LIBOR-based swap, SBS, or financing transactions. Therefore, if LIBOR is discontinued during the term of your swap or SBS, your payments would be calculated differently and could be higher or more volatile than expected. These risks and others are discussed in greater detail at the IBOR Alternative Reference Rates disclosure at: Swap Disclosures. Other information is available at: httosa/www.welisfarao.com/coni/fQ4us/libor/. Negative Interest Rates (including disclosures regarding benchmark rate floors) Even if your financing includes a LIBOR floor, such as a floor set at 0%, express wording in swap transactions is required to place a floor on LIBOR or other floating benchmark rate of a swap transaction. No such 0% floor or other floor is included in an interest rate swap or other swap transaction unless mutually agreed between the parties as reflected in the swap confirmation. Absent such floor in an interest rate swap, if a Floating Amount is negative under the swap, the Floating Rate Payer does not make such payment. Instead, the Fixed Rate Payer pays the absolute value of the negative Floating Amount in addition to the Fixed Amount. See §6.4 of the 2006 ISDA Definitions, as amended. If you wish to acquire a swap with a 0%floor or other floor, this may increase the price of your swap as reflected in a higher Fixed Rate. For further information on negative interest rates, including their effect on swaps and the loans they are hedging, see the Negative Interest Rates Disclosure (including disclosures regarding benchmark rate floors) at: Swap Disclosures. Risks to Consider While transactions described in the Materials may be used for hedging purposes to reduce certain risks associated with your assets or liabilities, the effectiveness of hedging may depend upon holding these transactions to maturity and not reducing or disposing of all or any portion of the asset or liability during the term of the hedge. If a transaction is terminated early, or if you reduce or dispose of all or a portion of the underlying asset or liability before the transaction matures (such as prepaying a floating rate loan you hedge with a swap or disposing an FX or commodity liability or asset you have hedged), depending on the nature of the transaction, you may incur a substantial loss oryou may receive little or no hedging benefit from any upfront premium payment or any other costs incurred in purchasing the transaction. You may also incur a substantial loss if you enter into a transaction in anticipation of hedging an asset or liability that does not materialize. You should understand that significant potential amounts could become payable by you for modifying a transaction, terminating it early or transferring your position in the transaction to another person or entity, depending upon then existing market conditions and the terms of your transaction. You should also consider that prepaying your loan or disposing of an asset or other liability, including a foreign currency denominated or commodity liability or asset, does not relieve you of your obligations under a hedge transaction, which may be terminated early only in accordance with the terms of the swap trading relationship documentation, other transaction documents, or otherwise by mutual agreement. Such termination may require payment by you of an early termination amount, which may be substantial. Whether you use a transaction for hedging or another purpose, you should satisfy yourself that you understand these and other risks discussed in greater detail in disclosures provided to you at: Swap Disclosures. Independent Obligation To the extent any transaction described in the Materials may be used to hedge against FX risks, commodity risks, or interest rate risks, the transaction would be a separate and independent obligation and would not be contingent on whether or not any financing closes, is outstanding or is repaid, in whole or in part, at any time, subject to any contractual requirement to terminate and settle the transaction early upon prepayment of any financing or for other financing- related events. In addition, if you provide any existing or future collateral or other credit support to secure the transaction and any financing, then you would be entitled to the release of such collateral or credit support only if certain conditions contained in the related collateral agreement or credit support document are completely satisfied for both the transaction and any such financing, or we otherwise reach agreement with you on alternative collateral, credit support or other arrangements. Unmatched Terms & Conventions If the principal amount or duration of a financing, FX, or commodity asset or liab'iity differs from that of a transaction used to hedge such financing, asset or liability (e.g., a different notional amount), you may be exposed to r: sk of loss from such over -hedging or under -hedging. If any other economic terms or characteristics of a fi nancing, asset or liability differ from those of the related hedge, then in addition to any losses that you could incur from such differences, the hedge may create unanticipated accounting exposure or tax liability for you. To the extent fair value accounting applies to the hedge, you may have to reflect unrealized gains and losses (i.e., the so-called "mark to -market" value of the hedge) over the life of the hedge on your balance sheet and/or income statement. If hedge accounting applies, any ineffectiveness in the hedge resulting from such d.fferences may likewise need to be taken into account and reflected in your financial results. These hedge valuation considerations may also be important to you for tax purposes, including any tax laws that may require unrealized gains or losses on hedges to be taken into account in determining your income tax liability. Conventions used in the underlying market for the financing, assets or I ab lit'es and the conventions used in the derivatives and FX markets may differ, and we are under no obligation to ensure that any transaction we offer is a perfect hedge even if we provide you with the underlying financing, asset or liability. For example, if the method for determining a loan's floating rate differs from that for a hedge's f oaring rate, the loan floating rate payments could diverge from those of the hedge. As another example, f the method for determining the app icable exchange rate for a foreign currency denominated liability differs from that for the exchange rate of the hedge, the payments associated with the underlying liab, lity could diverge from the hedge. Such divergence may occur by convention or as the result of contractual differences, such as in the definition of or the reset timing of the exchange rate or for a referenced floating rate benchmark, the dates or times at which the benchmark is set, the number of days in the payment periods, divergent fallback rates upon the temporary or permanent discontinuation of the benchmark le. g., LIBOR) or the benchmark rate's rounding convention. Disclaimer Regarding Projections, Forecasts & Other Data The information in these Materials is subject to change without notice, does not constitute trading or investment advice or research, and has not been prepared in accordance with any laws or regulations designed to promote the ndependence of research. Historical data, past trends and past performance do not reflect or guarantee future results. Financia' projections and economic forecasts are based on hypothetical assumptions about uncertain future market conditions and events and therefore should not be relied upon in connection with any asset, liability, transaction or otherwise, including any decision whether or when to invest or hedge or to acquire or dispose of any asset, liability or transact -on. Project:ons or forecasts may not materialize, and reliance thereon could result in substantial losses. It is impossible to predict whether, when or to what extent rates, values and other economic factors will rise or fall, and there could be sharp differences between projections or forecasts and actual results. We,ls Fargo makes no representation or warranty that actual results will conform to any projection or forecast and is not responsible for any loss or damage arising out of any reliance on or use of such information. �Vcll, 1',11r;- ` ;'sialic, County of Hawaii Public Finance Bond Underwriting - HRS 103D-304 Wells Fargo as Counterparty Transact'ons described in the Materia;s are not bank deposits or FDIC insured, may expose you to the credit risk of Wells Fargo, and therefore involve risk of loss to you apart from the market risk associated with the underlying rate, price or other economic measure on which the transaction is based. Financial information concerning We -is Fargo is available at: www.wellsfarao.com/invest relationslinvestor relations. Additional Information In addition to the information furnished above, you should not enter into any swap transaction described in the Materials without reviewing and understanding our "Disclosure of Material Information for Swaps" and accompany'ng documents available to you at: gwmwellsfargo.com/swapdisclosures Updating the Materials We reserve the r ght to amend, supplement or replace the Materials at any time, and your use of the Materials constitutes your agreement to update the Materials with any such amendments, supplements or rep'acements we furnish you Confidentiality The information in the Materials is confidential and may not be disclosed by you to anyone without our written co,isent, other than to your advisors, and jud cial or other governmental authorities or regulators having jurisdiction over you (includ'ng, without limitation, federal, state or local tax authorities). Notwithstanding anyth'ng to the contrary contained 'n the Materials, all persons may disclose to any and al. persons, without limitations of any kind, the U.S. federa., state or local tax treatment or tax structure of any transaction, any fact that may be relevant to understanding the U.S. federal, state or local tax treatment or tax structure of any transaction, and al materials of any kind (including opinions or other tax analyses) relating to such U.S. federal, state or local tax treatment or tax structure, other than the name of the parties or any other person named here n, or information that would permit identification of the parties or such other persons, and any pric ng terms or nonpublic business or financial information that is unrelated to the U.S. federal, state or local tax treatment or tax structure of the transact on to the taxpayer and is not relevant to understanding the U.S. federal, state or local tax treatment or tax structure of the transaction to the taxpayer. Limitation of Liability In no event shall Wells Fargo be liable to you or any third party for any direct or ind'rect, special, incidental, or conseque-itial damages, losses, liabilities, costs or expenses arising directly or indirectly out of or in connection with the Materials. Wells Fargo does not provide tax advice. Any tax statement herein regarding US federal tax is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avo ding any penalties. Any such statement herein was written to support the marketing or promotion of a transaction or matter to which the statement relates. Each taxpayer shoLld seek advice based on the taxpayer's particular c rcumstances from an independent tax advisor. If you have any questions or concerns about the disclosures presented herein, you should make those questions or co-icerns known immediately to Wells Fargo. 2Q21 11c11� I�;tc�,u ticcuritics