Old Westbury Funds NPORT-P Old Westbury California Municipal Bond Fund (Jan 2024 report)

Old

Westbury

Funds,

Inc.

California

Municipal

Bond

Fund

Portfolio

of

Investments

-

(Continued)

1

January

31,

2024

(Unaudited)

Old

Westbury

Funds,

Inc.

California

Municipal

Bond

Fund

Portfolio

of

Investments

January

31,

2024

(Unaudited)

Principal

Amount

Value

MUNICIPAL

BONDS

—

88.0%

California

—

88.0%

$

10,000,000

California

Educational

Facilities

Authority

University

&

College

Improvements

Revenue

Bonds,

Series

V-3,

5.00%,

06/01/33

...........

$

12,431,278

5,000,000

California

Health

Facilities

Financing

Authority

Health

Care

Facilities

Revenue

Bonds,

Series

A,

5.00%,

08/15/33

...........

6,155,920

680,000

California

Infrastructure

&

Economic

Development

Bank

Current

Refunding

Revenue

Bonds,

Series

A,

5.00%,

04/01/26

...........

715,779

1,130,000

California

Infrastructure

&

Economic

Development

Bank

Current

Refunding

Revenue

Bonds,

Series

A,

5.00%,

04/01/27

...........

1,220,558

4,715,000

California

Infrastructure

&

Economic

Development

Bank

Current

Refunding

Revenue

Bonds,

Series

A,

5.00%,

04/01/28

...........

5,228,903

1,020,000

California

Infrastructure

&

Economic

Development

Bank

Current

Refunding

Revenue

Bonds,

Series

A,

5.00%,

04/01/29

...........

1,159,482

1,000,000

California

Infrastructure

&

Economic

Development

Bank

Current

Refunding

Revenue

Bonds,

Series

A,

5.00%,

04/01/32

...........

1,210,008

8,200,000

California

Infrastructure

&

Economic

Development

Bank

Current

Refunding

Revenue

Bonds,

Series

A,

5.00%,

04/01/33

...........

10,109,442

2,000,000

California

Infrastructure

&

Economic

Development

Bank

Water

Utility

Improvements

Revenue

Bonds,

5.00%,

10/01/35

...........

2,426,801

2,000,000

California

Infrastructure

&

Economic

Development

Bank

Water

Utility

Improvements

Revenue

Bonds,

4.00%,

10/01/38

...........

2,123,644

Principal

Amount

Value

California

(continued)

$

1,950,000

California

Public

Finance

Authority

Health

Care

Facilities

Revenue

Bonds,

Series

A,

5.00%,

08/01/28

...........

$

2,158,492

1,500,000

California

Public

Finance

Authority

Health

Care

Facilities

Revenue

Bonds,

Series

A,

5.00%,

08/01/33

...........

1,827,013

3,575,000

California

Public

Finance

Authority

Health

Care

Facilities

Revenue

Bonds,

Series

A,

4.00%,

07/15/42

...........

3,693,297

5,000,000

California

State

University

Current

Refunding

Revenue

Bonds,

Series

A,

5.00%,

11/01/47

...........

5,128,039

1,000,000

California

State

University,

University

&

College

Improvements

Revenue

Bonds,

Series

A,

5.00%,

11/01/34

...........

1,238,028

1,520,000

California

State

University,

University

&

College

Improvements

Revenue

Bonds,

Series

A,

5.00%,

11/01/36

...........

1,854,444

5,000,000

Carlsbad

Unified

School

District

School

Improvements

GO,

Series

B,

6.00%,

05/01/34

...........

5,032,618

1,260,000

City

&

County

of

San

Francisco

Current

Refunding

GO,

Series

R1,

5.00%,

06/15/26

...........

1,335,110

1,100,000

City

&

County

of

San

Francisco

Current

Refunding

GO,

Series

R1,

5.00%,

06/15/27

...........

1,196,020

2,375,000

City

&

County

of

San

Francisco

Current

Refunding

GO,

Series

R1,

5.00%,

06/15/28

...........

2,645,230

4,000,000

City

&

County

of

San

Francisco

Current

Refunding

GO,

Series

R1,

5.00%,

06/15/30

...........

4,666,615

1,750,000

City

&

County

of

San

Francisco

Current

Refunding

GO,

Series

R1,

5.00%,

06/15/34

...........

2,106,966

Old

Westbury

Funds,

Inc.

California

Municipal

Bond

Fund

Portfolio

of

Investments

-

(Continued)

2

January

31,

2024

(Unaudited)

Principal

Amount

Value

California

(continued)

$

2,000,000

City

of

Los

Angeles

CA

Solid

Waste

Resources

Revenue

Bonds,

Series

A,

5.00%,

02/01/31

...........

$

2,358,697

3,000,000

City

of

Los

Angeles

CA

Solid

Waste

Resources

Revenue

Bonds,

Series

A,

5.00%,

02/01/32

...........

3,606,229

2,590,000

City

of

Los

Angeles

Department

of

Airports

Airport

&

Marina

Improvements

Refunding

Revenue

Bonds,

Series

A,

5.00%,

05/15/32

...........

2,804,714

5,000,000

City

of

Los

Angeles

Department

of

Airports

Current

Refunding

Revenue

Bonds,

5.00%,

05/15/40

...........

5,553,737

5,000,000

City

of

Los

Angeles

Wastewater

System

Revenue

Current

Refunding

Revenue

Bonds,

Series

C,

5.00%,

06/01/24

...........

5,033,374

3,000,000

City

of

Los

Angeles

Wastewater

System

Revenue

Current

Refunding

Revenue

Bonds,

Series

C,

5.00%,

06/01/25

...........

3,087,440

1,000,000

City

of

San

Francisco

CA

Public

Utilities

Commission

Water

Revenue

Cash

Flow

Management

Revenue

Bonds,

Sub-Series

C,

5.00%,

11/01/29

...........

1,154,282

2,910,000

City

of

San

Francisco

CA

Public

Utilities

Commission

Water

Revenue

Cash

Flow

Management

Revenue

Bonds,

Sub-Series

C,

5.00%,

11/01/30

...........

3,438,976

3,000,000

City

of

San

Francisco

CA

Public

Utilities

Commission

Water

Revenue

Cash

Flow

Management

Revenue

Bonds,

Sub-Series

C,

5.00%,

11/01/31

...........

3,610,574

4,000,000

City

of

San

Francisco

CA

Public

Utilities

Commission

Water

Revenue

Cash

Flow

Management

Revenue

Bonds,

Sub-Series

C,

5.00%,

11/01/32

...........

4,897,628

3,515,000

City

of

San

Francisco

CA

Public

Utilities

Commission

Water

Revenue

Refunding

Revenue

Bonds,

Sub-Series

S,

5.00%,

11/01/31

...........

4,230,390

Principal

Amount

Value

California

(continued)

$

1,400,000

City

of

San

Francisco

Public

Utilities

Commission

Water

Revenue

Advance

Refunding

Revenue

Bonds,

5.00%,

11/01/28

...........

$

1,441,816

2,500,000

County

of

Santa

Clara

Current

Refunding

GO,

Series

2008-D,

5.00%,

08/01/24

...........

2,527,099

3,250,000

County

of

Santa

Clara

Current

Refunding

GO,

Series

2008-D,

5.00%,

08/01/25

...........

3,363,777

2,000,000

County

of

Santa

Clara

Current

Refunding

GO,

Series

2008-D,

5.00%,

08/01/26

...........

2,124,920

1,600,000

County

of

Santa

Clara

Current

Refunding

GO,

Series

2008-D,

5.00%,

08/01/27

...........

1,742,994

1,955,000

County

of

Santa

Clara

Current

Refunding

GO,

Series

2008-D,

5.00%,

08/01/28

...........

2,186,109

1,005,000

County

of

Santa

Clara

Current

Refunding

GO,

Series

2008-D,

5.00%,

08/01/29

...........

1,151,836

1,700,000

East

Bay

Municipal

Utility

District

Water

System

Revenue

Water

Utility

Improvements

Revenue

Bonds,

Series

A,

5.00%,

06/01/31

...........

2,024,185

1,450,000

Fremont

Union

High

School

District

School

Improvements

GO,

Series

2018,

5.00%,

08/01/25

...........

1,499,463

1,000,000

Fremont

Union

High

School

District

School

Improvements

GO,

Series

2022,

5.00%,

08/01/25

...........

1,034,113

1,100,000

Los

Angeles

Community

College

District

Refunding

GO,

Series

A,

5.00%,

08/01/29(a)

.........

1,111,924

5,000,000

Los

Angeles

Community

College

District

University

&

College

Improvements

GO,

Series

A-1,

5.00%,

08/01/24

...........

5,054,695

5,000,000

Los

Angeles

Community

College

District

University

&

College

Improvements

GO,

Series

A-1,

5.00%,

08/01/27

...........

5,450,372

Old

Westbury

Funds,

Inc.

California

Municipal

Bond

Fund

Portfolio

of

Investments

-

(Continued)

3

January

31,

2024

(Unaudited)

Principal

Amount

Value

California

(continued)

$

5,000,000

Los

Angeles

Department

of

Water

&

Power

Water

System

Revenue

Water

Utility

Improvements

Revenue

Bonds,

Series

A,

5.00%,

07/01/26

...........

$

5,304,254

5,000,000

Los

Angeles

Department

of

Water

&

Power

Water

System

Revenue

Water

Utility

Improvements

Revenue

Bonds,

Series

A,

5.00%,

07/01/27

...........

5,451,082

2,000,000

Los

Angeles

Department

of

Water

&

Power

Water

System

Revenue

Water

Utility

Improvements

Revenue

Bonds,

Series

D,

5.00%,

07/01/47

...........

2,242,129

1,000,000

Miracosta

Community

College

District

University

&

College

Improvements

GO,

Series

2016-C,

5.00%,

08/01/35

...........

1,201,314

3,000,000

Orange

County

Sanitation

District

Advance

Refunding

Revenue

Bonds,

Series

A,

5.00%,

02/01/34

...........

3,030,091

1,145,000

Regents

of

the

University

of

California

Medical

Center

Pooled

Revenue

Current

Refunding

Revenue

Bonds,

Series

L,

5.00%,

05/15/24

...........

1,151,381

1,100,000

Rio

Hondo

Community

College

District

Current

Refunding

GO,

Series

B,

5.00%,

08/01/24

...........

1,112,033

1,000,000

Sacramento

Municipal

Utility

District

Current

Refunding

Revenue

Bonds,

Series

J,

5.00%,

08/15/27

...........

1,091,474

1,000,000

Sacramento

Municipal

Utility

District

Current

Refunding

Revenue

Bonds,

Series

J,

5.00%,

08/15/30

...........

1,171,292

2,000,000

Sacramento

Municipal

Utility

District

Electric

Light

&

Power

Improvements

Revenue

Bonds,

Series

H,

5.00%,

08/15/36

...........

2,309,136

3,750,000

San

Diego

County

Regional

Transportation

Commission

Current

Refunding

Revenue

Bonds,

Series

A,

5.00%,

04/01/24

...........

3,762,580

Principal

Amount

Value

California

(continued)

$

1,000,000

San

Diego

County

Regional

Transportation

Commission

Current

Refunding

Revenue

Bonds,

Series

A,

5.00%,

04/01/28

...........

$

1,109,414

10,000,000

San

Francisco

City

&

County

Airport

Comm-San

Francisco

International

Airport

Current

Refunding

Revenue

Bonds,

Series

A,

5.00%,

05/01/28

...........

10,664,825

2,000,000

San

Francisco

City

&

County

Airport

Comm-San

Francisco

International

Airport

Current

Refunding

Revenue

Bonds,

Series

A,

5.00%,

05/01/31

...........

2,222,807

2,500,000

San

Francisco

City

&

County

Airport

Comm-San

Francisco

International

Airport

Current

Refunding

Revenue

Bonds,

Series

A,

5.00%,

05/01/32

...........

2,773,876

2,000,000

San

Francisco

City

&

County

Airport

Comm-San

Francisco

International

Airport

Current

Refunding

Revenue

Bonds,

Series

H,

5.00%,

05/01/29

...........

2,167,492

5,000,000

San

Francisco

City

&

County

Airport

Comm-San

Francisco

International

Airport

Port

Airport

&

Marina

Improvements

Revenue

Bonds,

Series

C,

5.00%,

05/01/46

...........

5,146,563

1,000,000

San

Jose

Evergreen

Community

College

District

University

&

College

Improvements

GO,

Series

C,

5.00%,

09/01/36

...........

1,196,265

1,650,000

San

Jose

Evergreen

Community

College

District

University

&

College

Improvements

GO,

Series

C,

5.00%,

09/01/38

...........

1,916,189

1,000,000

San

Jose

Financing

Authority

Refunding

Revenue

Bonds,

Series

B,

5.00%,

11/01/36

...........

1,199,774

Old

Westbury

Funds,

Inc.

California

Municipal

Bond

Fund

Portfolio

of

Investments

-

(Continued)

4

January

31,

2024

(Unaudited)

Principal

Amount

Value

California

(continued)

$

1,000,000

San

Jose

Financing

Authority

Refunding

Revenue

Bonds,

Series

B,

5.00%,

11/01/37

...........

$

1,189,589

1,075,000

San

Jose

Financing

Authority

Refunding

Revenue

Bonds,

Series

B,

5.00%,

11/01/42

...........

1,243,083

1,000,000

San

Mateo

Union

High

School

District

Refunding

GO,

5.00%,

09/01/27(a)

.........

1,012,587

1,000,000

San

Ramon

Valley

Unified

School

District

School

Improvements

GO,

5.00%,

08/01/24

...........

1,010,196

2,000,000

Santa

Clara

Valley

Water

District

Current

Refunding

Revenue

Bonds,

Series

A,

5.00%,

06/01/42

...........

2,281,100

2,000,000

Santa

Clara

Valley

Water

District

Current

Refunding

Revenue

Bonds,

Series

A,

5.00%,

06/01/43

...........

2,274,266

1,150,000

State

Center

Community

College

District

University

&

College

Improvements

GO,

Series

C,

5.00%,

08/01/24

...........

1,162,694

5,000,000

State

Center

Community

College

District

University

&

College

Improvements

GO,

Series

C,

5.00%,

08/01/47

...........

5,572,496

3,600,000

State

of

California

Current

Refunding

GO,

5.00%,

08/01/27

...........

3,896,527

2,000,000

State

of

California

Current

Refunding

GO,

5.00%,

11/01/27

...........

2,174,089

5,000,000

State

of

California

Current

Refunding

GO,

5.00%,

10/01/36

...........

5,969,034

2,000,000

State

of

California

Current

Refunding

GO,

5.00%,

08/01/24

...........

2,020,589

2,645,000

State

of

California

Current

Refunding

GO,

5.00%,

10/01/27

...........

2,873,711

5,770,000

State

of

California

Current

Refunding

GO,

(AGM),

5.25%,

08/01/32

...........

6,910,265

Principal

Amount

Value

California

(continued)

$

3,000,000

State

of

California

Current

Refunding

GO,

Group

C,

5.00%,

08/01/27

...........

$

3,065,222

5,000,000

State

of

California

Current

Refunding

GO,

Series

B,

5.00%,

10/01/24

...........

5,069,351

10,140,000

State

of

California

Multi

Utility

Improvements

GO,

5.00%,

10/01/25

...........

10,516,546

1,340,000

State

of

California

Refunding

GO,

5.00%,

10/01/24

...........

1,358,586

5,000,000

State

of

California

Refunding

GO,

5.00%,

10/01/26

...........

5,061,744

5,000,000

State

of

California

Water

Utility

Improvements

GO,

6.00%,

03/01/33

...........

5,462,202

10,000,000

State

of

California

Water

Utility

Improvements

GO,

5.00%,

04/01/28

...........

10,993,746

1,000,000

University

of

California

Advance

Refunding

Revenue

Bonds,

Series

AY,

5.00%,

05/15/24

...........

1,005,890

10,000,000

University

of

California

Current

Refunding

Revenue

Bonds,

Series

BN,

5.00%,

05/15/24

...........

10,058,903

10,000,000

University

of

California

Current

Refunding

Revenue

Bonds,

Series

BN,

5.00%,

05/15/34

...........

12,230,562

3,000,000

University

of

California

University

&

College

Improvements

Revenue

Bonds,

Series

BK,

5.00%,

05/15/32

...........

3,623,389

Total

Municipal

Bonds

(Cost

$305,291,518)

310,413,369

CORPORATE

BONDS

—

0.5%

United

States

—

0.5%

2,000,000

Stanford

Health

Care,

Series

2020,

3.31%,

08/15/30

...........

1,838,813

Total

Corporate

Bonds

(Cost

$2,000,000)

1,838,813

Old

Westbury

Funds,

Inc.

California

Municipal

Bond

Fund

Portfolio

of

Investments

-

(Continued)

5

January

31,

2024

(Unaudited)

The

following

abbreviations

are

used

in

the

report:

Principal

Amount

Value

U.S.

GOVERNMENT

SECURITIES

—

8.3%

U.S.

Treasury

Notes

—

8.3%

$

7,500,000

4.38%,

10/31/24

...............

$

7,469,531

7,000,000

4.25%,

10/15/25

...............

6,990,703

7,500,000

4.13%,

10/31/27

...............

7,543,360

7,500,000

3.50%,

02/15/33

...............

7,236,035

Total

U.S.

Government

Securities

(Cost

$29,260,606)

29,239,629

Shares

INVESTMENT

COMPANY

—

1.8%

6,245,876

Federated

Hermes

Government

Obligations

Fund,

5.26%(b)

..

6,245,876

Total

Investment

Company

(Cost

$6,245,876)

6,245,876

TOTAL

INVESTMENTS

—

98.6%

(Cost

$342,798,000)

$

347,737,687

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

—

1.4%

5,041,138

NET

ASSETS

—

100.0%

$

352,778,825

(a)

These

securities

are

pre-refunded;

the

date

shown

represents

the

pre-

refunded

date.

Bonds

which

are

pre-refunded

are

collateralized

by

U.S.

Government

securities

which

are

held

in

escrow

and

are

used

to

pay

principal

and

interest

on

the

municipal

issue

and

to

retire

the

bonds

in

full

at

the

earliest

refunding

date.

(b)

The

rate

shown

represents

the

current

yield

as

of

January

31,

2024.

AGM

—

Assured

Guaranty

Municipal

Corp.

GO

—

General

Obligation

Portfolio

Diversification

by

State

(Unaudited)

State:

Percentage

of

Net

Assets

California

...................................

88.0

%

Other

*

......................................

12.0

100.0%

*

Includes

cash

and

equivalents,

Corporate

Bonds,

U.S.

Government

Securities,

investment

company,

pending

trades

and

Fund

share

transactions,

interest

and

dividends

receivable,

prepaids

and

accrued

expenses

payable.