Each N-PORT filing of TAFM compared with the one before: positions added and dropped, the largest weight changes, turnover. Computed by Mulden from the filings; dated by filing period and SEC receipt.https://themulden.com/enhttps://themulden.com/funds/tafm/https://themulden.com/funds/tafm/495 positions became 567: 94 added (20.57% of the fund), 22 dropped (5.17%). Turnover proxy 23.2%. Largest increases: New York Transportation Development Corp 0.21% to 0.52%; Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.02% to 0.32%; School District of Broward County/FL 0.4% to 0.69%; Chicago Transit Authority Sales Tax Receipts Fund 0.32% to 0.59%; Southeast Energy Authority A Cooperative District 0.09% to 0.32%; Buckeye Tobacco Settlement Financing Authority 0.17% to 0.39%. Largest decreases: Alliance Bernstein 2.18% to 1.96%; California Community Choice Financing Authority 0.69% to 0.54%; Black Belt Energy Gas District 0.6% to 0.47%; Town of Vail CO 0.64% to 0.52%; Commonwealth of Massachusetts 0.55% to 0.44%; New York State Dormitory Authority 0.51% to 0.4%. New: Maryland Economic Development Corp (0.74%), FHLMC Multifamily VRD Certificates (0.49%), Grand Parkway Transportation Corp (0.39%), New York Transportation Development Corp (0.37%), Indiana Municipal Power Agency (0.36%), State of Connecticut (0.36%). Gone: City of New York NY (0.74%), County of Montgomery OH (0.66%), Tarrant County Cultural Education Facilities Finance Corp (0.4%), California Community Choice Financing Authority (0.34%), Idaho Health Facilities Authority (0.27%), State of Hawaii Department of Budget & Finance (0.24%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 24 Jul 2026 12:00:00 GMThttps://themulden.com/funds/tafm/https://themulden.com/funds/tafm/434 positions became 495: 73 added (17.46% of the fund), 12 dropped (3.44%). Turnover proxy 18%. Largest increases: Shelby County Health & Educational Facilities Board 0.02% to 0.21%; City of Whiting IN 0.25% to 0.43%; School District of Broward County/FL 0.24% to 0.4%; LCH Ltd. 0.18% to 0.21%; New Hampshire Business Finance Authority 0.18% to 0.2%; Iowa Tobacco Settlement Authority 0.03% to 0.04%. Largest decreases: Alliance Bernstein 2.7% to 2.18%; City of New York NY 0.89% to 0.74%; Town of Vail CO 0.77% to 0.64%; County of Montgomery OH 0.78% to 0.66%; California Community Choice Financing Authority 0.81% to 0.69%; Black Belt Energy Gas District 0.71% to 0.6%. New: Colorado State Education Loan Program (0.5%), Triborough Bridge & Tunnel Authority (0.5%), Hampton Roads Transportation Accountability Commission (0.49%), Washington Metropolitan Area Transit Authority Dedicated Rev (0.47%), Louisiana Stadium & Exposition District (0.45%), Kentucky Public Energy Authority (0.44%). Gone: Los Angeles Department of Water & Power (0.74%), New Jersey Turnpike Authority (0.55%), Charleston Educational Excellence Finance Corp (0.4%), Oklahoma Turnpike Authority (0.27%), South Carolina Jobs-Economic Development Authority (0.24%), Arizona Industrial Development Authority (0.24%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 24 Apr 2026 12:00:00 GMThttps://themulden.com/funds/tafm/https://themulden.com/funds/tafm/378 positions became 434: 62 added (16.76% of the fund), 6 dropped (1.61%). Turnover proxy 21%. Largest increases: Alliance Bernstein 1.05% to 2.7%; New York Transportation Development Corp 0.04% to 0.49%; California Community Choice Financing Authority 0.08% to 0.4%; Indiana Finance Authority 0.03% to 0.31%; Arizona Health Facilities Authority 0.1% to 0.38%; County of Jefferson AL Sewer Revenue 0.08% to 0.33%. Largest decreases: City of New York NY 1.14% to 0.89%; California Community Choice Financing Authority 1.04% to 0.81%; County of Montgomery OH 1.01% to 0.78%; Los Angeles Department of Water & Power 0.95% to 0.74%; Black Belt Energy Gas District 0.9% to 0.71%; Town of Vail CO 0.95% to 0.77%. New: Salt River Project Agricultural Improvement & Power Dist (0.51%), State of Connecticut (0.5%), Tarrant County Cultural Education Facilities Finance Corp (0.48%), Washington Metropolitan Area Transit Authority Dedicated Rev (0.44%), Charleston Educational Excellence Finance Corp (0.4%), Sherman Independent School District/TX (0.38%). Gone: Pocono Mountains Industrial Park Authority (0.35%), State of Connecticut Special Tax Revenue (0.31%), Mid-Bay Bridge Authority (0.31%), Pittsburgh Water & Sewer Authority (0.31%), Commonwealth of Pennsylvania (0.31%), Pennsylvania Economic Development Financing Authority (0.03%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 23 Jan 2026 12:00:00 GMThttps://themulden.com/funds/tafm/https://themulden.com/funds/tafm/346 positions became 378: 44 added (14.6% of the fund), 12 dropped (5.48%). Turnover proxy 17%. Largest increases: County of Montgomery OH 0.1% to 1.01%; Alliance Bernstein 0.73% to 1.05%; District of Columbia 0.03% to 0.31%; Vancouver Housing Authority 0.33% to 0.6%; Capital Trust Authority 0.05% to 0.29%; City of Detroit MI 0.09% to 0.33%. Largest decreases: City of New York NY 1.3% to 1.14%; Town of Vail CO 1.1% to 0.95%; Los Angeles Department of Water & Power 1.09% to 0.95%; Texas Municipal Gas Acquisition and Supply Corp II 0.35% to 0.22%; California Community Choice Financing Authority 1.17% to 1.04%; Commonwealth of Massachusetts 0.91% to 0.8%. New: Private Colleges & Universities Authority (0.69%), Public Finance Authority (0.56%), Port of Seattle WA (0.5%), Maine Governmental Facilities Authority (0.47%), City & County of Denver CO Airport System Revenue (0.42%), Brevard County Health Facilities Authority (0.42%). Gone: California Health Facilities Financing Authority (1.05%), Idaho Health Facilities Authority (0.7%), District of Columbia (0.56%), State Public School Building Authority (0.53%), Michigan Finance Authority (0.48%), Colorado Educational & Cultural Facilities Authority (0.37%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 27 Oct 2025 12:00:00 GMThttps://themulden.com/funds/tafm/https://themulden.com/funds/tafm/268 positions became 346: 94 added (36.95% of the fund), 16 dropped (7.59%). Turnover proxy 41.5%. Largest increases: California Community Choice Financing Authority 0.42% to 1.17%; City of New York NY 0.69% to 1.3%; Indianapolis Local Public Improvement Bond Bank 0.06% to 0.57%; South Carolina Jobs-Economic Development Authority 0.37% to 0.76%; Fayette County Development Authority 0.12% to 0.4%; Florida Development Finance Corp 0.06% to 0.33%. Largest decreases: Alliance Bernstein 2.23% to 0.73%; Los Angeles Department of Water & Power 1.75% to 1.09%; New York State Dormitory Authority 1.42% to 0.83%; Black Belt Energy Gas District 1.36% to 0.83%; Kenton County Airport Board 1.16% to 0.71%; Salt Verde Financial Corp 0.92% to 0.54%. New: Town of Vail CO (1.1%), California Health Facilities Financing Authority (1.05%), Commonwealth of Massachusetts (0.91%), Michigan State Hospital Finance Authority (0.9%), New Jersey Turnpike Authority (0.79%), City of Los Angeles Department of Airports (0.74%). Gone: San Antonio Water System (1.4%), United States Treasury (1.11%), Massachusetts Development Finance Agency (0.81%), New York City Transitional Finance Authority Future Tax Secu (0.7%), Lee County Industrial Development Authority/FL (0.56%), United States Treasury (0.56%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 25 Jul 2025 12:00:00 GMThttps://themulden.com/funds/tafm/https://themulden.com/funds/tafm/198 positions became 268: 76 added (40% of the fund), 6 dropped (5.17%). Turnover proxy 47.4%. Largest increases: Alliance Bernstein 0.15% to 2.23%; Black Belt Energy Gas District 0.88% to 1.36%; Lancaster Port Authority 0.12% to 0.6%; Massachusetts Development Finance Agency 0.35% to 0.81%; Black Belt Energy Gas District 0.16% to 0.62%; Chicago Board of Education 0.35% to 0.79%. Largest decreases: City of Georgetown TX Utility System Revenue 1.81% to 0.92%; Metropolitan Government of Nashville & Davidson County T 1.64% to 0.83%; Colorado Educational & Cultural Facilities Authority 1.25% to 0.59%; New York City Transitional Finance Authority Future Tax Secu 1.36% to 0.7%; New Jersey Transportation Trust Fund Authority 1.3% to 0.66%; City of New York NY 1.33% to 0.69%. New: Los Angeles Department of Water & Power (1.75%), New York State Dormitory Authority (1.42%), San Antonio Water System (1.4%), Kenton County Airport Board (1.16%), United States Treasury (1.11%), State Public School Building Authority (0.84%). Gone: New Jersey Turnpike Authority (1.62%), United States Treasury (1.61%), New York State Dormitory Authority (1.03%), State of Connecticut (0.54%), Fayette County Development Authority (0.29%), Intercontinental Exchange, Inc. (0.07%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 28 Apr 2025 12:00:00 GMThttps://themulden.com/funds/tafm/https://themulden.com/funds/tafm/113 positions became 198: 93 added (53.76% of the fund), 8 dropped (11.92%). Turnover proxy 56.8%. Largest increases: Energy Southeast A Cooperative District 0.27% to 1.23%; New York City Transitional Finance Authority 0.42% to 1.25%; Metropolitan Pier & Exposition Authority 0.7% to 1.12%; Kentucky Public Energy Authority 0.53% to 0.76%; City of New York NY 1.1% to 1.33%; Florida Development Finance Corp 0.26% to 0.4%. Largest decreases: New York City Transitional Finance Authority Future Tax Secu 3.1% to 1.36%; Pocono Mountains Industrial Park Authority 2.79% to 1.23%; Metropolitan Washington Airports Authority Aviation Revenue 2.67% to 1.17%; Main Street Natural Gas Inc 2.65% to 1.17%; Pittsburgh Water & Sewer Authority 2.58% to 1.14%; South Carolina Jobs-Economic Development Authority 2.57% to 1.14%. New: City of Georgetown TX Utility System Revenue (1.81%), Metropolitan Government of Nashville & Davidson County T (1.64%), New Jersey Turnpike Authority (1.62%), United States Treasury (1.61%), New Jersey Transportation Trust Fund Authority (1.3%), Empire State Development Corp (1.19%). Gone: United States Treasury (3.63%), United States Treasury (2.42%), United States Treasury (1.69%), Metropolitan Transportation Authority (1.37%), United States Treasury (1.22%), State of Maryland Department of Transportation (0.61%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 23 Jan 2025 12:00:00 GMThttps://themulden.com/funds/tafm/https://themulden.com/funds/tafm/81 positions became 113: 40 added (31.74% of the fund), 8 dropped (7.38%). Turnover proxy 33.3%. Largest increases: Main Street Natural Gas Inc 1.1% to 2.65%. Largest decreases: New York City Transitional Finance Authority Future Tax Secu 4.38% to 3.1%; Pocono Mountains Industrial Park Authority 3.96% to 2.79%; Metropolitan Washington Airports Authority Aviation Revenue 3.74% to 2.67%; Pittsburgh Water & Sewer Authority 3.62% to 2.58%; State of Connecticut Special Tax Revenue 3.53% to 2.5%; State of Maryland 3.52% to 2.49%. New: United States Treasury (3.63%), United States Treasury (2.42%), United States Treasury (1.69%), Build NYC Resource Corp (1.47%), Metropolitan Transportation Authority (1.37%), Salt Verde Financial Corp (1.35%). Gone: United States Treasury (3.06%), Michigan Finance Authority (1.73%), Alliance Bernstein (0.84%), California Infrastructure & Economic Development Bank (0.69%), County of Maricopa AZ (0.42%), CITIGROUP INC (0.35%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 24 Oct 2024 12:00:00 GMThttps://themulden.com/funds/tafm/https://themulden.com/funds/tafm/54 positions became 81: 29 added (21.59% of the fund), 2 dropped (5.76%). Turnover proxy 21.7%. Largest increases: Golden State Tobacco Securitization Corp 0.07% to 0.17%. Largest decreases: Massachusetts Development Finance Agency 3.6% to 1.38%; Pittsburgh Water & Sewer Authority 4.69% to 3.62%; New York City Transitional Finance Authority Future Tax Secu 5.1% to 4.38%; Metropolitan Washington Airports Authority Aviation Revenue 4.47% to 3.74%; Fairfax County Industrial Development Authority 4.05% to 3.4%; South Carolina Jobs-Economic Development Authority 4.21% to 3.56%. New: Port Authority of New York & New Jersey (3.07%), United States Treasury (3.06%), South Carolina Jobs-Economic Development Authority (1.9%), San Francisco City & County Airport Comm-San Francisco I (1.89%), Michigan Finance Authority (1.73%), Main Street Natural Gas Inc (1.1%). Gone: Commonwealth of Massachusetts (4.24%), Guam Government Waterworks Authority (1.52%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 24 Jul 2024 12:00:00 GMT