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Investment Type: pif

Opportunistic Municipal Inst Fund (POMFX)

Portfolio Composition

  as of 02/29/2024
   What's this?

Asset Type Net Short Long U.S. Bonds 97.16% 0.0%   97.16%   Non-U.S. Bonds 2.99% 0.0%   2.99%   Cash -0.15% 0.16%   0.0%   Total 100%

Top 10 Holdings   as of 02/29/2024    What's this? % of Net Assets ST JAMES PARISH LA REV 2.26 ONEIDA INDIAN NATION N Y TAX REV 2.14 CALIFORNIA EDL FACS AUTH REV 2.11 NAVAJO NATION ARIZ 1.77 TENDER OPT BD TR RCPTS / CTFS VAR STS 1.73 FLORIDA DEV FIN CORP SOLID WASTE DISP REV 1.69 BUCKEYE OHIO TOB SETTLEMENT FING AUTH 1.65 LOWER ALA GAS DIST GAS PROJ REV 1.65 PORT BEAUMONT TEX NAV DIST DOCK & WHARF FAC REV 1.58 ARKANSAS ST DEV FIN AUTH INDL DEV REV 1.51 Total*: 18.08 *Values may exceed 100% if both long and short positions are included in the portfolio View Full Portfolio Holdings	Morningstar Style Box™   as of 02/29/2024    What's this? Data Not Available
Credit Analysis   as of 02/29/2024    What's this? % Bonds AAA 4.18 AA 4.92 A 16.20 BBB 22.58 BB 12.14 B 3.34 Not Rated 36.65	Statistics   as of 02/29/2024 Average Eff Duration (yrs): 6.96 Average Eff Maturity (yrs): 15.68 Avg Weighted Coupon: Avg Weighted Price: $100.11 30-Day SEC Yield - Subsidized (Net) as of 03/31/2024: 4.31% 30-Day SEC Yield - Non-Subsidized (Gross) as of 03/31/2024: 4.25%
Analysis   as of 02/29/2024 Turnover Ratio: 41.40% # Stock Holdings: 0 # Bond Holdings: 141 # Other Holdings: 6 Total # of Holdings: 147

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Fees and expenses are only one of several factors that participants and beneficiaries should consider when making investment decisions.  The cumulative effect of fees and expenses can substantially reduce the growth of a participant's or beneficiary's retirement account.  Participants and beneficiaries can visit the Employee Benefit Security Administration's website for an example demonstrating the long-term effect of fees and expenses.

The Bloomberg Municipal Index measures the performance of the Bloomberg Barclays U.S. Municipal bond, which covers the USD-denominated Long-Term tax exempt bond market with four main sectors: state and local general obligation bonds, revenue bonds, insured bonds and pre-refunded bonds. These calculated returns reflect the historical performance of the oldest share class of the fund, adjusted to reflect a portion of the fees and expenses of this share class. For time periods prior to inception date of the fund, predecessor performance is reflected. Please see the fund's prospectus for more information on specific expenses, and the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. A portion of the Fund's income may be subject to state and/or local taxes, and it may be subject to federal alternative minimum tax (AMT) for certain investors. The risks associated with derivative investments include that the underlying security, interest rate, market index, or other financial asset will not move in the direction the Investment Adviser and/or Sub-Advisor anticipated, the possibility that there may be no liquid secondary market, the risk that adverse price movements in an instrument can result in a loss substantially greater than a fund's initial investment, the possibility that the counterparty may fail to perform its obligations; and the inability to close out certain hedged positions to avoid adverse tax consequences.