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        <name>Ontario, California, Special Tax Bonds, Community Facilities District 30 New Haven Facilities - Area B, Series 2017</name>
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        <name>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2019B</name>
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        <name>Lake Elsinore Redevelopment Agency, California, Special Tax Bonds, Community Facilities District 13-1, Series 2017</name>
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        <name>Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series 2014C</name>
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        <name>Romoland School District, California, Special Tax Bonds, Community Facilities District 2004-1 Heritage Lake Improvement Area 3, Series 2013</name>
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        <name>California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Affordable Housing Inc Projects, Senior Series 2014A</name>
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        <name>Palomar Pomerado Health System, California, Revenue Bonds, Refunding Series 2016</name>
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        <cusip>697528AR8</cusip>
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        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2010ZZ</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <name>Beaumont Financing Authority, California, Local Agency Revenue Bonds, Improvement Area 20 Series 2012B</name>
        <lei>549300T48VOR8NYFNT88</lei>
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        <cusip>074406PC7</cusip>
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        <name>Chino, California, Special Tax Bonds, Community Facilities District 2016-3, Series 2017</name>
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        <title>Chino, California, Special Tax Bonds, Community Facilities District 2016-3, Series 2017</title>
        <cusip>169511SS2</cusip>
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        <name>San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Junior Lien Series 2014B</name>
        <lei>N/A</lei>
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        <cusip>798111GC8</cusip>
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          <isin value="US798111GC88"/>
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        <name>Folsom, California, Special Tax Bonds, Community Facilities District 16 Islands at Parkshore Improvement Area 1, Series 2018</name>
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        <cusip>344402RE4</cusip>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2010B</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2010B</title>
        <cusip>13049SAC8</cusip>
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        <name>Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed Bonds, Refunding Series 2005B</name>
        <lei>N/A</lei>
        <title>Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed Bonds, Refunding Series 2005B</title>
        <cusip>888794AW4</cusip>
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        <name>Lake Elsinore Unified School District, California, Special Tax Bonds, Community Facilities District 2004-2, Series 2005</name>
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        <name>Fresno Unified School District, Fresno County, California, General Obligation Bonds, Election 2010 Series 2014D</name>
        <lei>549300WL4QIP65TFU882</lei>
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        <invCountry>US</invCountry>

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        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2007VV</name>
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      <invstOrSec>
        <name>California Community Housing Agency, Workforce Housing Revenue Bonds, Annadel Apartments, Series 2019A</name>
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        <title>California Community Housing Agency, Workforce Housing Revenue Bonds, Annadel Apartments, Series 2019A</title>
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        <name>California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005A</name>
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        <name>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A</name>
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          <isin value="US745160RR48"/>
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      <invstOrSec>
        <name>Wilson County Health and Educational Facilities Board, Tennessee, Senior Living Revenue Bonds, Rutland Place Inc Project, Series 2015A</name>
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        <title>Wilson County Health and Educational Facilities Board, Tennessee, Senior Living Revenue Bonds, Rutland Place Inc Project, Series 2015A</title>
        <cusip>972179DR3</cusip>
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          <isin value="US972179DR35"/>
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        <name>California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Affordable Housing Inc Projects, Series 2014B</name>
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        <cusip>13049SBH6</cusip>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Subordinate Fixed Rate Series 2017S-7</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Subordinate Fixed Rate Series 2017S-7</title>
        <cusip>072024VS8</cusip>
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          <isin value="US072024VS87"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Health Facilities Financing Authority, Revenue Bonds, El Camino Hospital, Series 2017</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority, Revenue Bonds, El Camino Hospital, Series 2017</title>
        <cusip>13032UMJ4</cusip>
        <identifiers>
          <isin value="US13032UMJ42"/>
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        <balance>1570000.00000000</balance>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Folsom Public Financing Authority, California, Special Tax Revenue Bonds, Folsom Community Facilities District 19 Mangini Ranch, Series 2019</name>
        <lei>N/A</lei>
        <title>Folsom Public Financing Authority, California, Special Tax Revenue Bonds, Folsom Community Facilities District 19 Mangini Ranch, Series 2019</title>
        <cusip>344414CC9</cusip>
        <identifiers>
          <isin value="US344414CC97"/>
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        <balance>1140000.00000000</balance>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Revenue Bonds, First Subordinate Series 2007B-1</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Revenue Bonds, First Subordinate Series 2007B-1</title>
        <cusip>38122NPD8</cusip>
        <identifiers>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon Resources Channelside LP Desalination Project, Series 2012</name>
        <lei>N/A</lei>
        <title>California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon Resources Channelside LP Desalination Project, Series 2012</title>
        <cusip>13054WAC1</cusip>
        <identifiers>
          <isin value="US13054WAC10"/>
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        <invCountry>US</invCountry>

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        <debtSec>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2010ZZ</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2010ZZ</title>
        <cusip>74526QK27</cusip>
        <identifiers>
          <isin value="US74526QK273"/>
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        <balance>165000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <debtSec>
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      <invstOrSec>
        <name>California Statewide Community Development Authority, Revenue Bonds, Bentley School, Series 2010A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Community Development Authority, Revenue Bonds, Bentley School, Series 2010A</title>
        <cusip>130795V61</cusip>
        <identifiers>
          <isin value="US130795V613"/>
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        <balance>2745000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Corona, California, Special Tax Bonds, Community Facilities District 2002-1 Dos Lagos Improvement Area 1, Refunding Series 2017</name>
        <lei>N/A</lei>
        <title>Corona, California, Special Tax Bonds, Community Facilities District 2002-1 Dos Lagos Improvement Area 1, Refunding Series 2017</title>
        <cusip>219680CZ6</cusip>
        <identifiers>
          <isin value="US219680CZ67"/>
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        <balance>670000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2010</name>
        <lei>N/A</lei>
        <title>Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2010</title>
        <cusip>40065FAR5</cusip>
        <identifiers>
          <isin value="US40065FAR55"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lee Lake Public Financing Authority, California, Junior Lien Revenue Bonds, Series 2013B</name>
        <lei>N/A</lei>
        <title>Lee Lake Public Financing Authority, California, Junior Lien Revenue Bonds, Series 2013B</title>
        <cusip>523831BM6</cusip>
        <identifiers>
          <isin value="US523831BM66"/>
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        <balance>785000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California State, General Obligation Bonds, Various Purpose, Tender Option Bond Trust 2015-XF1041</name>
        <lei>N/A</lei>
        <title>California State, General Obligation Bonds, Various Purpose, Tender Option Bond Trust 2015-XF1041</title>
        <cusip>88033L2U2</cusip>
        <identifiers>
          <isin value="US88033L2U22"/>
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        <balance>1250000.00000000</balance>
        <units>PA</units>
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        <name>Davis Redevelopment Agency, California, Tax Allocation Bonds, Davis Redevelopment Project, Subordinate Series 2011A</name>
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        <name>Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2013</name>
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        <name>California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard Children's Hosptial at Stanford, Series 2017A</name>
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        <name>West Patterson Financing Authority, California, Special Tax Bonds, Community Facilities District 2015-1 Arambel-KDN, Refunding Series 2015</name>
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        <name>California Statewide Communities Development Authority, Revenue Bonds, Lancer Educational Student Housing Project, Refunding Series 2016A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <name>California Statewide Communities Development Authority, Revenue Bonds, Marin General Hospital, Green Series 2018A</name>
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        <name>Beaumont, California, Special Tax Bonds, Community Facilities District 93-1 Improvement Area 17C, Series 2018</name>
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        <title>Beaumont, California, Special Tax Bonds, Community Facilities District 93-1 Improvement Area 17C, Series 2018</title>
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        <name>Allan Hancock Joint Community College District, California, General Obligation Bonds, Election 2006 Series 2012C</name>
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        <title>Allan Hancock Joint Community College District, California, General Obligation Bonds, Election 2006 Series 2012C</title>
        <cusip>016730DG5</cusip>
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        <name>Irvine, California, Special Tax Bonds, Community Facilities District 2013-3 Great Park, Improvement Area 4, Series 2016</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
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        <cusip>46360TEY5</cusip>
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      <invstOrSec>
        <name>California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <name>M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009B</name>
        <lei>549300UEMSS1JTK5YB98</lei>
        <title>M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009B</title>
        <cusip>55374SAF7</cusip>
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        <name>California Municipal Finance Authority, Charter School Revenue Bonds, Partnerships to Uplift Communities Project, Series 2012A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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      <invstOrSec>
        <name>California State, General Obligation Bonds, Various Purpose, Tender Option Bond Trust 2015-XF1041</name>
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        <title>California State, General Obligation Bonds, Various Purpose, Tender Option Bond Trust 2015-XF1041</title>
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      <invstOrSec>
        <name>Redwood City Redevelopment Agency, California, Tax Allocation Bonds, Project Area 2, Series 2003A</name>
        <lei>N/A</lei>
        <title>Redwood City Redevelopment Agency, California, Tax Allocation Bonds, Project Area 2, Series 2003A</title>
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        <invCountry>US</invCountry>

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        <name>California Statewide Communities Development Authority, Community Facilities District No 2015-01, Improvement Area No 2 University District, Special T</name>
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        <name>Cathedral City Public Financing Authority, California, Tax Allocation Bonds, Merged Redevelopment Project Area, Series 2007A</name>
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        <name>San Francisco City and County Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Mission Bay South Redevelopment Project, Subord</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oakley Public Financing Authority, Contra Costa County, California,  Revenue Bonds, Refundinf Series 2014</name>
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          <isin value="US673636CB01"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority, Special Tax Bonds, Community Facilities District 2017-01 Horse Creek, Series 2018</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Poway Unified School District, San Diego County, California, General Obligation Bonds, School Facilities Improvement District 2007-1, Series 2011A</name>
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          <isin value="US738850RH16"/>
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      <invstOrSec>
        <name>Lathrop, California, Limited Obligation Improvement Bonds, Crossroads Assessment District, Series 2015</name>
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        <title>Lathrop, California, Limited Obligation Improvement Bonds, Crossroads Assessment District, Series 2015</title>
        <cusip>518252EU1</cusip>
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          <isin value="US518252EU14"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-02</maturityDt>
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      <invstOrSec>
        <name>Palmdale Housing Authority, California, Multifamily Housing Revenue Bonds, Impression, La Quinta, Park Vista &amp; Summerwood Apartments, Series 2015</name>
        <lei>54930056NORS0PXLF808</lei>
        <title>Palmdale Housing Authority, California, Multifamily Housing Revenue Bonds, Impression, La Quinta, Park Vista &amp; Summerwood Apartments, Series 2015</title>
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          <isin value="US69672EAE14"/>
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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-1</name>
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        <title>Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-1</title>
        <cusip>38122NZU9</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Upland, California, Certificates of Participation, San Antonio Regional Hospital, Series 2017</name>
        <lei>N/A</lei>
        <title>Upland, California, Certificates of Participation, San Antonio Regional Hospital, Series 2017</title>
        <cusip>915346GB0</cusip>
        <identifiers>
          <isin value="US915346GB03"/>
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        <balance>1630000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tejon Ranch Public Facilities Financing Authority, California, Special Tax Bonds, Community Facilities District 2000-1, Tejon Industrial Complex Publi</name>
        <lei>N/A</lei>
        <title>Tejon Ranch Public Facilities Financing Authority, California, Special Tax Bonds, Community Facilities District 2000-1, Tejon Industrial Complex Publi</title>
        <cusip>879083DB6</cusip>
        <identifiers>
          <isin value="US879083DB68"/>
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        <balance>1635000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>California Health Facilities Financing Authority, Revenue Bonds, Providence Health &amp; Services, Tender Option Bond Trust 2015-XF0120</name>
        <lei>N/A</lei>
        <title>California Health Facilities Financing Authority, Revenue Bonds, Providence Health &amp; Services, Tender Option Bond Trust 2015-XF0120</title>
        <cusip>88033LPD5</cusip>
        <identifiers>
          <isin value="US88033LPD54"/>
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        <balance>80000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Irvine, California, Special Tax Bonds, Community Facilities District 2004-1 Central Park, Series 2015A</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
        <title>Irvine, California, Special Tax Bonds, Community Facilities District 2004-1 Central Park, Series 2015A</title>
        <cusip>46360TDJ9</cusip>
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          <isin value="US46360TDJ97"/>
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        <balance>745000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Guam Economic Development &amp; Commerce Authority, Tobacco Settlement Asset-Backed Bonds, Series 2007A</name>
        <lei>N/A</lei>
        <title>Guam Economic Development &amp; Commerce Authority, Tobacco Settlement Asset-Backed Bonds, Series 2007A</title>
        <cusip>40064LAB8</cusip>
        <identifiers>
          <isin value="US40064LAB80"/>
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        <balance>3460000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Walnut Valley Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2000 Series 2003D</name>
        <lei>N/A</lei>
        <title>Walnut Valley Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2000 Series 2003D</title>
        <cusip>932889PM4</cusip>
        <identifiers>
          <isin value="US932889PM49"/>
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        <balance>1880000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Guam International Airport Authority, Revenue Bonds, Series 2013C</name>
        <lei>N/A</lei>
        <title>Guam International Airport Authority, Revenue Bonds, Series 2013C</title>
        <cusip>40064RDQ9</cusip>
        <identifiers>
          <isin value="US40064RDQ92"/>
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        <balance>500000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>Palm Desert, California, Special Tax Bonds, Community Facilities District 2005-1 University Park, Series 2006</name>
        <lei>N/A</lei>
        <title>Palm Desert, California, Special Tax Bonds, Community Facilities District 2005-1 University Park, Series 2006</title>
        <cusip>696627CG1</cusip>
        <identifiers>
          <isin value="US696627CG16"/>
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        <balance>740000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Virgin Islands Water and Power Authority, Electric System Revenue Bonds, Refunding Series 2007A</name>
        <lei>N/A</lei>
        <title>Virgin Islands Water and Power Authority, Electric System Revenue Bonds, Refunding Series 2007A</title>
        <cusip>927688FE6</cusip>
        <identifiers>
          <isin value="US927688FE69"/>
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        <balance>115000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Southwestern Community College District, San Diego County, California, General Obligation Bonds, Election of 2008, Series 2011C</name>
        <lei>N/A</lei>
        <title>Southwestern Community College District, San Diego County, California, General Obligation Bonds, Election of 2008, Series 2011C</title>
        <cusip>845389EW1</cusip>
        <identifiers>
          <isin value="US845389EW15"/>
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        <balance>1500000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <name>Corona, California, Special Tax Bonds, Community Facilities District 2018-1 Bedford, Series 2018A</name>
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        <name>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2017A</name>
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        <name>California School Finance Authority, Educational Facility Revenue Bonds, Partnerships to Uplift Communities Valley Project, Series 2014</name>
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        <name>Adelanto Community Facilities District Number 2006-2, San Bernadino County, California, Special Tax Bonds, Series 2015A</name>
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        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2010ZZ</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <name>Lake Elsinore Redevelopment Agency, California, Special Tax Bonds, Community Facilities District 13-1, Series 2017</name>
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      <invstOrSec>
        <name>California Public Finance Authority, Revenue Bonds, Verity Health System, Series 2015B</name>
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        <title>California Public Finance Authority, Revenue Bonds, Verity Health System, Series 2015B</title>
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        <name>Rocklin, Placer County, California, Special Tax Bonds, Community Facilities District 10 Whitney Ranch, Series 2015</name>
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      <invstOrSec>
        <name>Rohnert Park Community Development Agency, California, Tax Allocation Bonds, Series 1999</name>
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        <cusip>77539HDA5</cusip>
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        <name>Fairfield, California, Community Facilities District 2007-1 Special Tax Bonds, Fairield Commons Project, Series 2008</name>
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        <name>Virgin Islands Public Finance Authority, Matching Fund Revenue Loan Note - Diageo Project, Series 2009A</name>
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        <name>University of Puerto Rico, University System Revenue Bonds, Refunding Series 2006P</name>
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        <name>California School Finance Authority, Educational Facility Revenue Bonds, Partnerships to Uplift Communities Valley Project, Series 2014</name>
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        <name>Manteca Unified School District, San Joaquin County, California, Certificates of Participation, Series 2004</name>
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        <name>California Statewide Communities Development Authority, School Facility Revenue Bonds, Alliance College-Ready Public Schools, Series 2011A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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      <invstOrSec>
        <name>California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005A</name>
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      <invstOrSec>
        <name>Allan Hancock Joint Community College District, California, General Obligation Bonds, Election 2006 Series 2012C</name>
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        <name>San Jacinto Unified School District, California, Community Facilities District 2003-1 Infrastructure Projects, Series 2016</name>
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        <name>Palmdale Community Redevelopment Agency, California, Tax Allocation Bonds, Merged Redevelopment Project Areas, Series 2002</name>
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        <name>California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon Resources Channelside LP Desalination Project, Series 2012</name>
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        <cusip>13054WAB3</cusip>
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        <name>Beaumont, California, Special Tax Bonds, Community Facilities District 93-1 Improvement Area 17C, Series 2018</name>
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        <cusip>074433CS0</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Golden Gate Tobacco Funding Corporation, Turbo, Series 2007A</name>
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        <cusip>13016NDF8</cusip>
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        <name>California Statewide Communities Development Authority, Special Tax Bonds, Community Facilities District 15-2 Rio Bravo, Series 2015A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, Special Tax Bonds, Community Facilities District 15-2 Rio Bravo, Series 2015A</title>
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        <name>Elk Grove Unified School District, Sacramento County, California, General Obligation Bonds, Election of 2016, Series 2017</name>
        <lei>N/A</lei>
        <title>Elk Grove Unified School District, Sacramento County, California, General Obligation Bonds, Election of 2016, Series 2017</title>
        <cusip>287281WH8</cusip>
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        <name>Perris Joint Powers Authority, California, Local Agency Revenue Bonds, Community Facilities District 2006-1, Meritage Homes, Refunding Series 2014B</name>
        <lei>549300YM04SQ63RR8P86</lei>
        <title>Perris Joint Powers Authority, California, Local Agency Revenue Bonds, Community Facilities District 2006-1, Meritage Homes, Refunding Series 2014B</title>
        <cusip>714376CE8</cusip>
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          <isin value="US714376CE87"/>
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        <name>California Statewide Communities Development Authority, College Housing Revenue Bonds, National Campus Community Development - Hooper Street LLC Proje</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <name>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A</name>
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        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Refunding Series 2012A</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority, Power Revenue Bonds, Refunding Series 2012A</title>
        <cusip>74526QV33</cusip>
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        <name>Government of Guam, Business Privilege Tax Bonds, Series 2012B-1</name>
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        <cusip>40065NAZ0</cusip>
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        <name>California Health Facilities Financing Authority, Revenue Bonds, Stanford Hospitals and Clinics, Tender Option Bond Trust 2016-XG0049</name>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
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        <identifiers>
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        <name>Folsom Public Financing Authority, California, Special Tax Revenue Bonds, Folsom Community Facilities District 19 Mangini Ranch, Series 2019</name>
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        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2003NN</name>
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        <name>California Statewide Communities Development Authority, Special Tax Bonds, Community Facilities District 2012-02, Manteca Lifestyle Center, Series 201</name>
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        <name>California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014A</name>
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        <name>ndio, California, Special Tax Bonds, Community Facilities District 2004-3 Terra Lago, Improvement Area 1, Series 2015</name>
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        <name>California State, General Obligation Bonds, Tender Option Bond Trust 2015-XF1039</name>
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        <title>California State, General Obligation Bonds, Tender Option Bond Trust 2015-XF1039</title>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2017A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2017A</title>
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          <isin value="US13048TN908"/>
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        <name>Menifee Union School District, Riverside County, California, Special Tax Bonds, Community Facilities District 2014-3, Series 2019</name>
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        <name>Montebello Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2016 Series 2016A</name>
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        <name>California School Finance Authority Charter School Revenue Bonds, California, ACE Charter Schools, Obligated Group, Series 2016A</name>
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        <name>West Hills Community College District, California, General Obligation Bonds, School Facilities Improvement District 3, 2008 Election Series 2011</name>
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        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Series WW</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <cusip>74526QU83</cusip>
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        <name>Orland Joint Unified School District, Glenn and Tehama Counties, California, General Obligation Bonds, 2008 Election, Series 2012B</name>
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      <invstOrSec>
        <name>California Public Finance Authority, Revenue Bonds, Henry Mayo Newhall Hospital, Series 2017</name>
        <lei>N/A</lei>
        <title>California Public Finance Authority, Revenue Bonds, Henry Mayo Newhall Hospital, Series 2017</title>
        <cusip>13057EAL8</cusip>
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        <name>Riverside County Redevelopment Agency, California, Tax Allocation Housing Bonds, Series 2011A</name>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Charter School Revenue Bonds, Rocketship Education?Multiple Projects, Series 2014A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <name>Inglewood Public Financing Authority, California, Lease Revenue Bonds, Refunding Series 2012</name>
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        <title>Inglewood Public Financing Authority, California, Lease Revenue Bonds, Refunding Series 2012</title>
        <cusip>457104CB1</cusip>
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        <name>alifornia School Finance Authority Charter School Revenue Bonds, Bright Star Schools - Obligated Group, Series 2017</name>
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        <title>alifornia School Finance Authority Charter School Revenue Bonds, Bright Star Schools - Obligated Group, Series 2017</title>
        <cusip>13058TGE4</cusip>
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        <name>San Francisco City and County Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Mission Bay South Redevelopment Project, Series</name>
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        <name>Patterson Public Finance Authority, Revenue Bonds, Community Facilities District 2001-1, Senior Series 2013A</name>
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        <title>Patterson Public Finance Authority, Revenue Bonds, Community Facilities District 2001-1, Senior Series 2013A</title>
        <cusip>703380CJ2</cusip>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Refunding Series 2012A</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority, Power Revenue Bonds, Refunding Series 2012A</title>
        <cusip>74526QT28</cusip>
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      <invstOrSec>
        <name>California School Finance Authority, School Facility Revenue Bonds, KIPP LA Projects, Series 2014A</name>
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        <title>California School Finance Authority, School Facility Revenue Bonds, KIPP LA Projects, Series 2014A</title>
        <cusip>13059TAQ2</cusip>
        <identifiers>
          <isin value="US13059TAQ22"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Antelope Valley Healthcare District, California, Revenue Bonds, Series 2011A</name>
        <lei>549300PLE0IY3UJZHY85</lei>
        <title>Antelope Valley Healthcare District, California, Revenue Bonds, Series 2011A</title>
        <cusip>036680BD7</cusip>
        <identifiers>
          <isin value="US036680BD70"/>
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        <balance>715000.00000000</balance>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California School Finance Authority, School Facility Revenue Bonds, Value Schools, Series 2013</name>
        <lei>N/A</lei>
        <title>California School Finance Authority, School Facility Revenue Bonds, Value Schools, Series 2013</title>
        <cusip>13059TAB5</cusip>
        <identifiers>
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        <balance>1250000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Victor Valley Union High School District, San Bernardino County, California, Special Tax Bonds, Community Facilities District 2007-1, Series 2013</name>
        <lei>N/A</lei>
        <title>Victor Valley Union High School District, San Bernardino County, California, Special Tax Bonds, Community Facilities District 2007-1, Series 2013</title>
        <cusip>926059CY0</cusip>
        <identifiers>
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        <balance>700000.00000000</balance>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2015A</name>
        <lei>N/A</lei>
        <title>California School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2015A</title>
        <cusip>13059TBW8</cusip>
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      <invstOrSec>
        <name>Bakersfield City School District, Kern County, California, General Obligation Bonds, Series 2012C</name>
        <lei>N/A</lei>
        <title>Bakersfield City School District, Kern County, California, General Obligation Bonds, Series 2012C</title>
        <cusip>057507HW8</cusip>
        <identifiers>
          <isin value="US057507HW86"/>
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        <balance>1700000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Yuba County, California, Special Tax Bonds, Community Facilities District 2004-1 Edgewater, Series 2005</name>
        <lei>5493002V7TE6BY580T72</lei>
        <title>Yuba County, California, Special Tax Bonds, Community Facilities District 2004-1 Edgewater, Series 2005</title>
        <cusip>988296AM1</cusip>
        <identifiers>
          <isin value="US988296AM11"/>
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        <balance>135000.00000000</balance>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Sacramento City Financing Authority, California, Tax Allocation Revenue Bonds, Merged Downtown Sacramento and Oak Park Projects, Series 2005A</name>
        <lei>549300D8GE38KYE3NW14</lei>
        <title>Sacramento City Financing Authority, California, Tax Allocation Revenue Bonds, Merged Downtown Sacramento and Oak Park Projects, Series 2005A</title>
        <cusip>785849QP8</cusip>
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        <invCountry>US</invCountry>

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        <debtSec>
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      <invstOrSec>
        <name>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Tender Option Bond Trust Series 2015-XF1032</name>
        <lei>N/A</lei>
        <title>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Tender Option Bond Trust Series 2015-XF1032</title>
        <cusip>88033L3Y3</cusip>
        <identifiers>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Menifee Union School District, Riverside County, California, Special Tax Bonds, Community Facilities District 2006-1, Series 2014</name>
        <lei>N/A</lei>
        <title>Menifee Union School District, Riverside County, California, Special Tax Bonds, Community Facilities District 2006-1, Series 2014</title>
        <cusip>586810VG5</cusip>
        <identifiers>
          <isin value="US586810VG54"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority, Special Tax Bonds, Community Facilities District 2007-1 Orinda Wilder Project, Refunding Serie</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, Special Tax Bonds, Community Facilities District 2007-1 Orinda Wilder Project, Refunding Serie</title>
        <cusip>13077EEL0</cusip>
        <identifiers>
          <isin value="US13077EEL02"/>
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        <balance>860000.00000000</balance>
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        <name>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2016B</name>
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        <name>California State, General Obligation Bonds, Various Purpose Series 2013</name>
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        <title>California State, General Obligation Bonds, Various Purpose Series 2013</title>
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        <name>Romoland School District, California, Special Tax Bonds, Community Facilities District 2006-1, Series 2017</name>
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        <name>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2017C</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <name>California School Finance Authority, California, Charter School Revenue Bonds, Encore Education Obligated Group, Series 2016A</name>
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        <title>California School Finance Authority, California, Charter School Revenue Bonds, Encore Education Obligated Group, Series 2016A</title>
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        <name>Union City Community Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment Project, Subordinate Lien Series 2011</name>
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        <title>Union City Community Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment Project, Subordinate Lien Series 2011</title>
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        <name>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Refunding Series 2015R-1</name>
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        <title>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Refunding Series 2015R-1</title>
        <cusip>13080SHQ0</cusip>
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        <name>Twin Rivers Unified School District, Sacramento and Placer Counties, California, General Obligation Bonds, Election 2006 Series 2016</name>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Charter School Revenue Bonds, Palmdale Aerospace Academy Project, Series 2016A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Charter School Revenue Bonds, Palmdale Aerospace Academy Project, Series 2016A</title>
        <cusip>13048DBR8</cusip>
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        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2010AAA</name>
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        <name>Romoland School District, California, Special Tax Bonds, Community Facilities District 91-1, Series 2017</name>
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        <name>Guam International Airport Authority, Revenue Bonds, Series 2013C</name>
        <lei>N/A</lei>
        <title>Guam International Airport Authority, Revenue Bonds, Series 2013C</title>
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        <name>Stockton Public Financing Authority, California, Lease Revenue Bonds, Parking &amp; Capital Projects, Series 2004</name>
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      <invstOrSec>
        <name>California School Finance Authority, Charter School Revenue Bonds, Rocketship Public Schools ? Obligated Group, Series 2017G</name>
        <lei>N/A</lei>
        <title>California School Finance Authority, Charter School Revenue Bonds, Rocketship Public Schools ? Obligated Group, Series 2017G</title>
        <cusip>13058TFZ8</cusip>
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      <invstOrSec>
        <name>Beaumont Financing Authority, California, Local Agency Revenue Bonds, Improvement Area 7A-1, Series 2015A</name>
        <lei>549300T48VOR8NYFNT88</lei>
        <title>Beaumont Financing Authority, California, Local Agency Revenue Bonds, Improvement Area 7A-1, Series 2015A</title>
        <cusip>074406RQ4</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2016</name>
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        <name>South Tahoe Joint Powers Financing Authority, California, Revenue Bonds, South Tahoe Redevelopment Project Area 1, Series 2014A</name>
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        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2010AAA</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <name>Menifee Union School District, Riverside County, California, Special Tax Bonds, Community Facilties District 2011-1, Improvement Area 4, Series 2019</name>
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        <name>California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Affordable Housing Inc Projects, Senior Series 2014A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <name>West Sacramento Financing Authority, California, Special Tax Revenue Bonds, Series 2014</name>
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        <name>Chula Vista, California, Special Tax Bonds, Community Facilities District 16-I Millenia Improvement Area 1, Series 2018</name>
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        <name>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2014A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2010ZZ</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <name>Temecula Public Financing Authority, California, Special Tax Bonds, Community Facilities District 16-01, Series 2017</name>
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      <invstOrSec>
        <name>Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed Bonds, Series 2005A-1</name>
        <lei>N/A</lei>
        <title>Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed Bonds, Series 2005A-1</title>
        <cusip>888794AT1</cusip>
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        <name>Aromas-San Juan Unified School District, San Benito, Santa Cruz and Monterey Counties, California, General Obligation Bonds, Series 2013B</name>
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        <name>University of California, General Revenue Bonds, Limited Project Series 2018O</name>
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        <name>Murrieta Valley Unified School District Public Finance Authority, Riverside County, California, Refunding Bonds Series 2013</name>
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        <cusip>62720AAS5</cusip>
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        <name>Antelope Valley Healthcare District, California, Revenue Bonds, Series 2016A</name>
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          <isin value="US036680BX35"/>
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        <name>Dana Point, California, Special Tax Bonds, Community Facilities District 2006-1 Series 2014</name>
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          <isin value="US235839CT20"/>
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      <invstOrSec>
        <name>Santa Clara County Housing Authority, California, Multifamily Housing Revenue Bonds, Blossom River Project, Series 1998A</name>
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        <cusip>801617DG3</cusip>
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        <name>Independent Cities Finance Authority, California, Mobile Home Park Revenue Bonds, Rancho Feliz and Las Casitas De Sonoma, Refunding Series 2012</name>
        <lei>549300ZZZYTBUL6FR983</lei>
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        <cusip>45385LCX9</cusip>
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          <isin value="US45385LCX91"/>
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        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Taxable Series 2010BBB</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority, Power Revenue Bonds, Taxable Series 2010BBB</title>
        <cusip>74526QS94</cusip>
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      <invstOrSec>
        <name>Sacramento, California, Special Tax Bonds, North Natomas Community Facilities District 7, Series 2017-01</name>
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        <title>Sacramento, California, Special Tax Bonds, North Natomas Community Facilities District 7, Series 2017-01</title>
        <cusip>786071MB3</cusip>
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        <balance>1900000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2017A</name>
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        <title>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2017A</title>
        <cusip>544495Z64</cusip>
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        <name>San Bernardino County, California, Special Tax Bonds, Community Facilities District 2006-1 Lytle Creek North Improvement Area 1, Series 2015</name>
        <lei>254900RTS8DDNPA7MX91</lei>
        <title>San Bernardino County, California, Special Tax Bonds, Community Facilities District 2006-1 Lytle Creek North Improvement Area 1, Series 2015</title>
        <cusip>796844NU8</cusip>
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          <isin value="US796844NU85"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Compton, California, Sewer Revenue Bonds, Series 2009</name>
        <lei>N/A</lei>
        <title>Compton, California, Sewer Revenue Bonds, Series 2009</title>
        <cusip>204730BL8</cusip>
        <identifiers>
          <isin value="US204730BL82"/>
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        <balance>2000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Bakersfield City School District, Kern County, California, General Obligation Bonds, Series 2012C</name>
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        <title>Bakersfield City School District, Kern County, California, General Obligation Bonds, Series 2012C</title>
        <cusip>057507HY4</cusip>
        <identifiers>
          <isin value="US057507HY43"/>
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        <balance>5500000.00000000</balance>
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        <name>Roseville, California, Special Tax Bonds, Community Facilities District 5 Fiddyment Ranch Public Facilities, Series 2017</name>
        <lei>549300OH100KESVPND17</lei>
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        <cusip>777870YC4</cusip>
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          <isin value="US777870YC40"/>
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        <invCountry>US</invCountry>

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        <name>Del Mar Union School District, San Diego County, California, Special Tax Bonds, Community Facilities District 99-1, Refunding Facilities Financing Ser</name>
        <lei>N/A</lei>
        <title>Del Mar Union School District, San Diego County, California, Special Tax Bonds, Community Facilities District 99-1, Refunding Facilities Financing Ser</title>
        <cusip>245157EH1</cusip>
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          <isin value="US245157EH17"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2014B</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2014B</title>
        <cusip>13078YHY4</cusip>
        <identifiers>
          <isin value="US13078YHY41"/>
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        <balance>2060000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Federally Taxable Build America Bonds, Series 2010YY</name>
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        <name>California School Finance Authority School Facility Revenue Bonds, Green Dot Public Schools California Projects, Series 2018A</name>
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        <name>Long Beach Community College District, California, General Obligation Bonds, Capital Appreciation, Election 2008 Series 2008A</name>
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        <name>California Municipal Finance Authority Charter School Revenue Bonds, John Adams Academies, Inc Project, Series 2015A</name>
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        <name>Moreno Valley Unified School District, Riverside County, California, Special Tax Bonds, Community Facilities District 2015-3, Series 2019</name>
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        <name>River Delta Unified School District, Sacramento and Solano Counties, California, General Obligation Bonds, School Faciliteis Improvement District 2, E</name>
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        <name>Poway Unified School District Public Financing Authority, Califirnia, Special Tax Revenue Refunding Bonds, Series 2015B</name>
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        <name>Marysville, California, Revenue Bonds, Fremont-Rideout Health Group, Series 2011</name>
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        <name>California Municipal Finance Authority, Revenue Bonds, Azusa Pacific University Project, Refunding Series 2015B</name>
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        <name>ABAG Finance Authority for Nonprofit Corporations, California, Revenue Bonds, Episcopal Senior Communities, Refunding Series 2012A</name>
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        <name>California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2006A</name>
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      <invstOrSec>
        <name>Jurupa Unified School District, California, Special Tax Bonds, Community Facilities District 11 Improvement Area B, Series 2017A</name>
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        <name>Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Tender Option Bond Trust 2015-XF1038</name>
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        <name>Brea Redevelopment Agency, Orange County, California, Tax Allocation Bonds, Project Area AB, Series 2003</name>
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        <name>California Health Facilities Financing Authority, Revenue Bonds, Stanford Hospitals and Clinics, Tender Option Bond Trust 2015-XF0131</name>
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        <name>Guam Port Authority, Port Revenue Bonds, Private Activity Series 2018B</name>
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        <name>Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Junior Lien Series 2013C</name>
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      <invstOrSec>
        <name>March Joint Powers Redevelopment Agency, California, Tax Allocation Revenue Bonds, March Air Force Base Redevelopment Project, Series 2011B</name>
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        <name>Fresno Unified School District, Fresno County, California, General Obligation Bonds, Crossover Refunding Series 2016B</name>
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        <name>California Municipal Finance Authority, Charter School Revenue Bonds, Partnerships to Uplift Communities Project, Series 2012A</name>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Charter School Lease Revenue Bonds, Nova Academy Project, Series 2016A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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      <invstOrSec>
        <name>California School Finance Authority, Charter School Revenue Bonds, Kepler Neighborhood School, Series 2017A</name>
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        <cusip>13058TEY2</cusip>
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        <name>Antelope Valley Healthcare District, California, Revenue Bonds, Series 2016A</name>
        <lei>549300PLE0IY3UJZHY85</lei>
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        <name>Escondido Union High School District, San Diego County, California, General Obligation Bonds, 2008 Election Series 2011C</name>
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      <invstOrSec>
        <name>Turlock Unified School District, Stanislaus and Merced Counties, California, General Obligation Bonds, Elementary School Facilities Improvement Distri</name>
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        <name>Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Term Rate Sub-Series 2013B-1</name>
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        <name>Lake Elsinore Public Financing Authority, California, Local Agency Revenue Bonds, Canyon Hills Improvement Area C, Series 2012C</name>
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        <name>Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed Bonds, Series 2005A-1</name>
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        <name>San Diego Unified School District, San Diego County, California, General Obligation Bonds, Election of 2012 Series 2013C</name>
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        <name>Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Series 2015A</name>
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        <name>Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community Development Project, Series 1999</name>
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        <title>Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community Development Project, Series 1999</title>
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        <name>California School Finance Authority, Educational Facilities Revenue Bonds, New Designs Charter School Adams Campus Project, Series 2019A</name>
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        <title>California School Finance Authority, Educational Facilities Revenue Bonds, New Designs Charter School Adams Campus Project, Series 2019A</title>
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        <name>Lincoln, California, Special Tax Bonds, Community Facilities District 2005-1 Sorrento Project, Series 2014A</name>
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        <name>California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard Children's Hospital, Tender Option Bond Trust 2015-XF0152</name>
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        <title>California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard Children's Hospital, Tender Option Bond Trust 2015-XF0152</title>
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        <name>California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard Children's Hospital, Tender Option Bond Trust 2015-XF0152</name>
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        <name>Palm Desert, California, Special Tax Bonds, Community Facilities District 2005-1 University Park, Series 2006</name>
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        <cusip>696627CF3</cusip>
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        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured Cofina Project Series 2018B-1</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured Cofina Project Series 2018B-1</title>
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        <name>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2017A</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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      <invstOrSec>
        <name>Windsor Unified School District, Sonoma County, California, General Obligation Bonds, 2008 Election Series 2011D</name>
        <lei>N/A</lei>
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        <cusip>973517JD8</cusip>
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      <invstOrSec>
        <name>Murrieta, California, Special Tax Bonds, Community Facilities District 2005-5 Golden City Improvement Area A, Series 2017</name>
        <lei>N/A</lei>
        <title>Murrieta, California, Special Tax Bonds, Community Facilities District 2005-5 Golden City Improvement Area A, Series 2017</title>
        <cusip>62718PSA6</cusip>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Junior Lien Series 2014B</name>
        <lei>N/A</lei>
        <title>San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Junior Lien Series 2014B</title>
        <cusip>798111GD6</cusip>
        <identifiers>
          <isin value="US798111GD61"/>
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        <invCountry>US</invCountry>

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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011</name>
        <lei>N/A</lei>
        <title>San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011</title>
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        <name>University of Puerto Rico, University System Revenue Bonds, Series 2006Q</name>
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        <name>Beaumont, California, Special Tax Bonds, Community Facilities District 2016-1 Fairway Canyon, Series 2019</name>
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        <name>Lake Tahoe Unified School District, El Dorado County, California, General Obligation Bonds, Series 2010</name>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Charter School Revenue Bonds, Palmdale Aerospace Academy Project, Series 2018A</name>
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        <name>Compton Public Finance Authority, California, Lease Revenue Bonds, Refunding &amp; Various Capital Projects, Series 2008</name>
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        <name>Coachella Valley Unified School District, Riverside County, California, General Obligation Bonds, Election 2005 Series 2012D</name>
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        <name>California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Sonoma County Tobacco Securitization Corporation, Series 2005</name>
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        <name>Palomar Community College District, San Diego County, California, General Obligation Bonds, Series 2010B</name>
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        <name>West Patterson Financing Authority, California, Special Tax Bonds, Community Facilities District 2015-1 Arambel-KDN, Refunding Series 2015</name>
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        <name>University of Puerto Rico, University System Revenue Bonds, Series 2006Q</name>
        <lei>N/A</lei>
        <title>University of Puerto Rico, University System Revenue Bonds, Series 2006Q</title>
        <cusip>914811PQ1</cusip>
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        <name>California School Finance Authority, School Facility Revenue Bonds, Alta Public Schools Project, Series 2014A</name>
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        <name>San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2014A</name>
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        <title>San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2014A</title>
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        <name>Hercules Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series 2007A</name>
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        <title>Hercules Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series 2007A</title>
        <cusip>427101FC9</cusip>
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        <title>California School Finance Authority, School Facility Revenue Bonds, Value Schools, Series 2016A</title>
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        <cusip>927676NS1</cusip>
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        <name>California Municipal Finance Authority, Charter School Lease Revenue Bonds, Rocketship 7-Alma Academy Elementary School, Series 2012A</name>
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        <cusip>13048DAA6</cusip>
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      <invstOrSec>
        <name>Fontana, California, Special Tax Bonds, Sierra Hills South Community Facilities District 22, Refunding Series 2014</name>
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      <invstOrSec>
        <name>California School Finance Authority, Educational Facility Revenue Bonds, River Springs Charter School Project, Series 2017A</name>
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        <title>California School Finance Authority, Educational Facility Revenue Bonds, River Springs Charter School Project, Series 2017A</title>
        <cusip>130591BC3</cusip>
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      <invstOrSec>
        <name>Brentwood Infrastructure Financing Authority, California, Infrastructure Revenue Bonds, Refunding Subordinated Series 2014B</name>
        <lei>N/A</lei>
        <title>Brentwood Infrastructure Financing Authority, California, Infrastructure Revenue Bonds, Refunding Subordinated Series 2014B</title>
        <cusip>10727XUX4</cusip>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California School Finance Authority, Charter School Revenue Bonds, Coastal Academy Project, Series 2013A</name>
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        <title>California School Finance Authority, Charter School Revenue Bonds, Coastal Academy Project, Series 2013A</title>
        <cusip>13058TAC4</cusip>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Refunding Series 2012A</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority, Power Revenue Bonds, Refunding Series 2012A</title>
        <cusip>74526QV90</cusip>
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          <isin value="US74526QV908"/>
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      <invstOrSec>
        <name>Western Placer Unified School District, Placer County, California, Certificates of Participation, Refinancing Project, Series 2017</name>
        <lei>N/A</lei>
        <title>Western Placer Unified School District, Placer County, California, Certificates of Participation, Refinancing Project, Series 2017</title>
        <cusip>959215FL3</cusip>
        <identifiers>
          <isin value="US959215FL32"/>
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        <invCountry>US</invCountry>

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        <debtSec>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Student Housing Revenue Bonds, CHF-Davis I, LLC - West Village Student Housing Project, Series 2018</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Student Housing Revenue Bonds, CHF-Davis I, LLC - West Village Student Housing Project, Series 2018</title>
        <cusip>13049YBL4</cusip>
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          <isin value="US13049YBL48"/>
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        <name>Santa Ana Financing Authority, California, Lease Revenue Bonds, Police Administration and Housing Facility, Series 1994A</name>
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        <title>Santa Ana Financing Authority, California, Lease Revenue Bonds, Police Administration and Housing Facility, Series 1994A</title>
        <cusip>801109BP3</cusip>
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      <invstOrSec>
        <name>California Public Finance Authority, Charter School Lease Revenue Bonds, Multicultural Learning Center Project, Series 2017A</name>
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        <title>California Public Finance Authority, Charter School Lease Revenue Bonds, Multicultural Learning Center Project, Series 2017A</title>
        <cusip>13057HAC1</cusip>
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      <invstOrSec>
        <name>Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2010</name>
        <lei>N/A</lei>
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        <cusip>40065FAS3</cusip>
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      <invstOrSec>
        <name>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Tender Option Bond Trust 3403 As of 6/4/2015 Converted to Trust 2015-</name>
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        <title>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Tender Option Bond Trust 3403 As of 6/4/2015 Converted to Trust 2015-</title>
        <cusip>544525TN8</cusip>
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        <invCountry>US</invCountry>

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        <debtSec>
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          <annualizedRt>17.95442590</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Diego Unified School District, San Diego County, California, General Obligation Bonds, Tender Option Bond 2016-XF2355, Formerly Tender Option Bond</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District, San Diego County, California, General Obligation Bonds, Tender Option Bond 2016-XF2355, Formerly Tender Option Bond</title>
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        <name>California Statewide Communities Development Authority, Revenue Bonds, Lancer Educational Student Housing Project, Refunding Series 2016A</name>
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        <name>Sacramento City Financing Authority California, Lease Revenue Bonds, Master Lease Program Facilities Projects, Tender Option Bond Trust 2016-XG0100</name>
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        <name>Lee Lake Public Financing Authority, California, Junior Lien Revenue Bonds, Series 2013B</name>
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        <name>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2008A</name>
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        <name>Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2013</name>
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        <name>Roseville, California, Special Tax Bonds, Community Facilities District 1 Hewlett Parkard Campus Oaks, Series 2016</name>
        <lei>549300OH100KESVPND17</lei>
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        <name>California Municipal Finance Authority, Revenue Bonds, Touro College and University System, Series 2014A</name>
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        <name>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A</name>
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        <name>California Statewide Communities Development Authority, Special Tax Bonds, Community Facilities District 2016-02 Delta Coves, Series 2019</name>
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        <name>California Municipal Finance Authority, Revenue Bonds, Goodwill Industries of Sacramento Valley &amp; Northern Nevada Project, Series 2014A</name>
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        <name>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Pacific Highlands Ranch Project, Ser</name>
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        <name>Livermore Valley Joint Unified School District, Alameda County, California, General Obligation Bonds, Election of 2016 Measure J, Series 2019</name>
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        <name>Marysville, California, Revenue Bonds, Fremont-Rideout Health Group, Series 2011</name>
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        <name>Roseville, California, Special Tax Bonds, Community Facilities District 1 Westpark, Refunding Series 2015</name>
        <lei>549300OH100KESVPND17</lei>
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        <name>San Bernardino Community College District, California, General Obligation Bonds, Election of 2008 Series 2009B</name>
        <lei>549300Y4FPTEP3EQZ007</lei>
        <title>San Bernardino Community College District, California, General Obligation Bonds, Election of 2008 Series 2009B</title>
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        <name>Santa Barbara Secondary High School District, Santa Barbara County, California,General Obligation Bonds,  Election 2010 Series 2011A</name>
        <lei>N/A</lei>
        <title>Santa Barbara Secondary High School District, Santa Barbara County, California,General Obligation Bonds,  Election 2010 Series 2011A</title>
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        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
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        <name>Rohnerville School District, Humboldt County, California, General Obligation Bonds, Election 2010, Series 2012B</name>
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        <name>California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2010A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <name>Fillmore, California, Special Tax Bonds, Community Facilities District 5, Improvement Area, Series 2015A</name>
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        <name>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2008A</name>
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        <name>Silicon Valley Tobacco Securitization Authority, California, Tobacco Settlement Asset-Backed Bonds, Santa Clara County Tobacco Securitization Corporat</name>
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        <name>Compton Community Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment Projects, Second Lien Series 2010B</name>
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        <name>University of California, General Revenue Bonds, Tender Option Bond Trust 2016-XL0001</name>
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        <name>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2016B</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2016B</title>
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        <name>Hesperia, California, Special Tax Bonds, Community Facilities District 2005-1 Belgate Development Restructuring Series 2014</name>
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        <name>Central Unified School District, Fresno County, California, General Obligation Bonds, 2008 Election Series 2013B</name>
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        <name>San Francisco City and County Redevelopment Agency Successor Agency, California, Special Tax Bonds, Community Facilities District 7, Hunters Point Shi</name>
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        <name>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2016B</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2016B</title>
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        <name>Los Alamitos Unified School District, Orange County, California, Certificates of Participation, Series 2012</name>
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        <name>Sacramento County, California, Special Tax Bonds, Community Facilities District 2016-2 Florin Vineyard 1, Series 2018</name>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Antelope Valley Healthcare District, California, Revenue Bonds, Series 2016A</name>
        <lei>549300PLE0IY3UJZHY85</lei>
        <title>Antelope Valley Healthcare District, California, Revenue Bonds, Series 2016A</title>
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        <name>Lammersville Joint Unified School District, San Joaquin County, California, Special Tax Bonds, Community Facilities District 2002 Mountain House, Seri</name>
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        <name>Tustin, California, Special Tax Bonds, Community Facilities District 06-1 Tustin Legacy/Columbus Villages, Refunding Series 2015A</name>
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        <name>California Municipal Finance Authority,  Revenue Bonds, Creative Center of Los Altos Project?Pinewood &amp; Oakwood Schools, Series 2016B</name>
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        <name>Merced Redevelopment Agency, California, Tax Allocation Bonds, Merced Redevelopment Project 2, Series 2003A</name>
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        <title>Merced Redevelopment Agency, California, Tax Allocation Bonds, Merced Redevelopment Project 2, Series 2003A</title>
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        <name>Gilroy Unified School District, Santa Clara County, California, General Obligation Bonds, Election of 2008 &amp; 2016, Series 2019</name>
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        <title>Gilroy Unified School District, Santa Clara County, California, General Obligation Bonds, Election of 2008 &amp; 2016, Series 2019</title>
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        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Refunding Series 2010DDD</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority, Power Revenue Bonds, Refunding Series 2010DDD</title>
        <cusip>74526QK76</cusip>
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      <invstOrSec>
        <name>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2016B</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2016B</title>
        <cusip>544495W59</cusip>
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        <name>Rancho Cardova, California, Special Tax Bonds, Community Facilities District 2005-1 Sunridge North Douglas Series 2018</name>
        <lei>N/A</lei>
        <title>Rancho Cardova, California, Special Tax Bonds, Community Facilities District 2005-1 Sunridge North Douglas Series 2018</title>
        <cusip>75211RKM8</cusip>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Santa Clara Unified School District, Santa Clara County, California, General Obligation Bonds, Election of 2018, Series 2019</name>
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        <title>Santa Clara Unified School District, Santa Clara County, California, General Obligation Bonds, Election of 2018, Series 2019</title>
        <cusip>8014952D3</cusip>
        <identifiers>
          <isin value="US8014952D38"/>
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        <balance>10000000.00000000</balance>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California Public Finance Authority, University Housing Revenue Bonds, National Campus Community Development - Claremont Properties LLC Claremont Coll</name>
        <lei>N/A</lei>
        <title>California Public Finance Authority, University Housing Revenue Bonds, National Campus Community Development - Claremont Properties LLC Claremont Coll</title>
        <cusip>13058BAD1</cusip>
        <identifiers>
          <isin value="US13058BAD10"/>
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        <balance>1975000.00000000</balance>
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        <invCountry>US</invCountry>

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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2016A</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2016A</title>
        <cusip>544445AW9</cusip>
        <identifiers>
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        <balance>23890000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Upland, California, Certificates of Participation, San Antonio Regional Hospital, Series 2017</name>
        <lei>N/A</lei>
        <title>Upland, California, Certificates of Participation, San Antonio Regional Hospital, Series 2017</title>
        <cusip>915346GA2</cusip>
        <identifiers>
          <isin value="US915346GA20"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-2</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-2</title>
        <cusip>38122NZW5</cusip>
        <identifiers>
          <isin value="US38122NZW54"/>
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        <invCountry>US</invCountry>

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        <name>Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Series 1997C</name>
        <lei>N/A</lei>
        <title>Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Series 1997C</title>
        <cusip>03255LBN8</cusip>
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      <invstOrSec>
        <name>Novato Redevelopment Agency, California, Tax Allocation Bonds, Hamilton Field Redevelopment Project, Series 2011</name>
        <lei>N/A</lei>
        <title>Novato Redevelopment Agency, California, Tax Allocation Bonds, Hamilton Field Redevelopment Project, Series 2011</title>
        <cusip>66988TDB6</cusip>
        <identifiers>
          <isin value="US66988TDB61"/>
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      <invstOrSec>
        <name>March Joint Powers Redevelopment Agency, California, Tax Allocation Revenue Bonds, March Air Force Base Redevelopment Project, Series 2011A</name>
        <lei>N/A</lei>
        <title>March Joint Powers Redevelopment Agency, California, Tax Allocation Revenue Bonds, March Air Force Base Redevelopment Project, Series 2011A</title>
        <cusip>56621CAM6</cusip>
        <identifiers>
          <isin value="US56621CAM64"/>
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        <invCountry>US</invCountry>

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        <securityLending>
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      <invstOrSec>
        <name>California Municipal Finance Authority Charter School Revenue Bonds, John Adams Academies, Inc Project, Series 2015A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority Charter School Revenue Bonds, John Adams Academies, Inc Project, Series 2015A</title>
        <cusip>13048DBH0</cusip>
        <identifiers>
          <isin value="US13048DBH08"/>
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        <balance>900000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hercules Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series 2007A</name>
        <lei>N/A</lei>
        <title>Hercules Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series 2007A</title>
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        <name>Silicon Valley Tobacco Securitization Authority, California, Tobacco Settlement Asset-Backed Bonds, Santa Clara County Tobacco Securitization Corporat</name>
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        <name>California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Turbo Series 20</name>
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        <name>Lake Elsinore Public Financing Authority, California, Local Agency Revenue Bonds, Refunding Series 2015</name>
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        <name>California School finance Authority, School Facility Revenue Bonds,  ICEF - View Park Elementary and Middle Schools, Series 2014A</name>
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        <name>Alvord Unified School District, Riverside County, California, General Obligation Bonds, 2007 Election Series 2011B</name>
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        <name>City of Dublin, California, Community Facilities District No 2015-1, Dublin Crossing, Improvement Area No 1, Special Tax Bonds, Series 2017</name>
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        <name>Sacramento, California, Special Tax Bonds, North Natomas Community Facilities District 7, Series 2017-01</name>
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        <cusip>786071MA5</cusip>
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        <name>Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Term Rate Series 2013B-2</name>
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        <title>Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Term Rate Series 2013B-2</title>
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        <name>Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Series 1997C</name>
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        <title>Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Series 1997C</title>
        <cusip>03255LBU2</cusip>
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        <name>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2019E</name>
        <lei>54930055TIDYHNDP4F84</lei>
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        <cusip>79766DSA8</cusip>
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        <name>San Francisco, California, Community Facilities District  6, Mission Bay South Public Improvements, Special Tax Refunding Bonds, Series 2013A</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>San Francisco, California, Community Facilities District  6, Mission Bay South Public Improvements, Special Tax Refunding Bonds, Series 2013A</title>
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        <name>alifornia School Finance Authority Charter School Revenue Bonds, Bright Star Schools - Obligated Group, Series 2017</name>
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        <title>alifornia School Finance Authority Charter School Revenue Bonds, Bright Star Schools - Obligated Group, Series 2017</title>
        <cusip>13058TGD6</cusip>
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        <name>Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Series 1997C</name>
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        <cusip>03255LBQ1</cusip>
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        <name>Central Unified School District, Fresno County, California, General Obligation Bonds, 2016 Election Series 2018B</name>
        <lei>549300AKOP2UG4D0YH67</lei>
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        <cusip>15276PNC9</cusip>
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        <name>Corona-Norco Unified School District, Riverside County, California, Special Tax Bonds, Community Facilities District 05-1, Series 2016</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2017A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2017A</title>
        <cusip>13048TP31</cusip>
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        <invCountry>US</invCountry>

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        <name>California Statewide Communities Development Authority, Special Tax Bonds, Community Facilities District 2012-01, Fancher Creek, Series 2013A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, Special Tax Bonds, Community Facilities District 2012-01, Fancher Creek, Series 2013A</title>
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        <invCountry>US</invCountry>

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        <name>California Municipal Finance Authority Charter School Revenue Bonds, John Adams Academies - El Dorado Hills Project, Series 2018A</name>
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        <name>Palomar Pomerado Health System, California, Revenue Bonds, Refunding Series 2016</name>
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        <cusip>697528AT4</cusip>
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      <invstOrSec>
        <name>San Bernardino County Financing Authority, California, Revenue Bonds, Courthouse Facilities Project, Series 2007</name>
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        <title>San Bernardino County Financing Authority, California, Revenue Bonds, Courthouse Facilities Project, Series 2007</title>
        <cusip>796826BF1</cusip>
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        <name>California Municipal Finance Authority, Charter School Revenue Bonds, Partnerships to Uplift Communities Project, Series 2012A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <cusip>13048DAD0</cusip>
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        <name>Independent Cities Finance Authority, California, Mobile Home Park Revenue Bonds, Augusta Communities Mobile Home Park, Series 2012A</name>
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        <name>Inland Empire Tobacco Securitization Authority, California, Tobacco Settlement Asset-Backed Bonds, Series 2007C-2 Turbo Capital Appreciation</name>
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        <name>Westside Union School District, Sonoma County, California, General Obligation Bonds, 2008 Election Series 2010B</name>
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      <invstOrSec>
        <name>California School Finance Authority, Charter School Revenue Bonds, Rocketship Education ? Obligated Group, Series 2017A</name>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</name>
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        <title>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</title>
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        <name>California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2018A</name>
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      <invstOrSec>
        <name>Cathedral City Public Financing Authority, California, Tax Allocation Bonds, Merged Redevelopment Project Area, Series 2007C</name>
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        <title>Cathedral City Public Financing Authority, California, Tax Allocation Bonds, Merged Redevelopment Project Area, Series 2007C</title>
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        <name>Jurupa Community Services District, California, Special Tax Bonds, Community Facilities District 37 Eastvale Improveement Area 1,Series 2016</name>
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        <name>California Municipal Finance Authority, Charter School Lease Revenue Bonds, Bella Mente Montessori Academy Project, Series 2018A</name>
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        <name>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Variable Rate Demand Obligation Series 2001B-4</name>
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        <name>California Statewide Communities Development Authority, Revenue Bonds, Buck Institute for Research on Aging, Tender Option Bond Trust 2015-XF1035</name>
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        <name>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A</name>
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        <name>Palmdale, California, Special Tax Bonds, Community Facilities District 2005-1, Series 2005</name>
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        <name>Savanna Elementary School District, Orange County, California, General Obligation Bonds, Election 2008 Series 2012B</name>
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        <name>Denair Unified School District, Stanislaus County, California, General Obligation Bonds, Series 2002A</name>
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        <name>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2011A</name>
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        <name>San Bernardino County, California, Special Tax Bonds, Community Facilities District 2006-1 Lytle Creek North Improvement Area 5, Series 2017</name>
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        <name>Tejon Ranch Public Facilities Financing Authority, California, Special Tax Bonds, Community Facilities District 2008-1, Tejon Industrial Complex Publi</name>
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        <name>California Municipal Finance Authority, Charter School Lease Revenue Bonds, Nova Academy Project, Series 2016A</name>
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        <name>Inglewood Public Financing Authority, California, Lease Revenue Bonds, Refunding Series 2012</name>
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        <name>San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2014A</name>
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        <name>Menifee Union School District, Riverside County, California, Special Tax Bonds, Community Facilties District 2011-1, Improvement Area 1, Series 2015</name>
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        <name>California School Finance Authority, California, Charter School Revenue Bonds, Aspire Public Schools, Refunding Series 2015A</name>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2017A</name>
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      <invstOrSec>
        <name>Southwestern Community College District, San Diego County, California, General Obligation Bonds, Election of 2008, Series 2011C</name>
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        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</name>
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        <cusip>798107AD0</cusip>
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        <name>California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2013I</name>
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        <cusip>13068LLB9</cusip>
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        <name>Menifee Union School District, Riverside County, California, Special Tax Bonds, Community Facilties District 2011-1, Improvement Area 1, Series 2015</name>
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        <title>Menifee Union School District, Riverside County, California, Special Tax Bonds, Community Facilties District 2011-1, Improvement Area 1, Series 2015</title>
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        <name>San Diego County Regional Airport Authority, California, Airport Revenue Bonds, Subordinate Series 2019B</name>
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        <name>Lake Elsinore Unified School District, California, Special Tax Bonds, Community Facilities District 2006-2 Improvement Area B, Series 2018</name>
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        <title>Lake Elsinore Unified School District, California, Special Tax Bonds, Community Facilities District 2006-2 Improvement Area B, Series 2018</title>
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      <invstOrSec>
        <name>California School Finance Authority, Charter School Revenue Bonds, Rocketship Public Schools ? Obligated Group, Series 2017G</name>
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        <title>California School Finance Authority, Charter School Revenue Bonds, Rocketship Public Schools ? Obligated Group, Series 2017G</title>
        <cusip>13058TGA2</cusip>
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      <invstOrSec>
        <name>Turlock Public Financing Authority, California, Tax Allocation Revenue Bonds, Series 2011</name>
        <lei>N/A</lei>
        <title>Turlock Public Financing Authority, California, Tax Allocation Revenue Bonds, Series 2011</title>
        <cusip>90020LBG4</cusip>
        <identifiers>
          <isin value="US90020LBG41"/>
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        <name>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Variable Rate Demand Obligation Series 2019A-2</name>
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        <title>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Variable Rate Demand Obligation Series 2019A-2</title>
        <cusip>544525YL6</cusip>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California School Finance Authority, Educational Facilities Revenue Bonds, Tri-Valley Learning Corporation, Series 2012A</name>
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        <title>California School Finance Authority, Educational Facilities Revenue Bonds, Tri-Valley Learning Corporation, Series 2012A</title>
        <cusip>130591AG5</cusip>
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        <name>Rancho Cardova, California, Special Tax Bonds, Community Facilities District 2005-1 Sunridge North Douglas Series 2015</name>
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        <title>Rancho Cardova, California, Special Tax Bonds, Community Facilities District 2005-1 Sunridge North Douglas Series 2015</title>
        <cusip>75211RGD3</cusip>
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        <name>Corona, California, Special Tax Bonds, Community Facilities District 2018-1 Bedford, Series 2018A</name>
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      <invstOrSec>
        <name>California Health Facilities Financing Authority, Revenue Bonds, Stanford Hospitals and Clinics, Tender Option Bond Trust 2016-XG0049</name>
        <lei>N/A</lei>
        <title>California Health Facilities Financing Authority, Revenue Bonds, Stanford Hospitals and Clinics, Tender Option Bond Trust 2016-XG0049</title>
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      <invstOrSec>
        <name>Rocklin Unified School District, Placer County, California, Special Tax Bonds, Community Facilities District 2, Series 2007</name>
        <lei>N/A</lei>
        <title>Rocklin Unified School District, Placer County, California, Special Tax Bonds, Community Facilities District 2, Series 2007</title>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2016A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2016A</title>
        <cusip>13078YKH7</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Alameda County Tobacco Asset Securitization Corporation, Subor</name>
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        <name>La Verne, California, Mobile Home Park Revenue Bonds, Copacabana Mobile Home Park, Refunding Series 2014</name>
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        <name>San Clemente, California, Special Tax Revenue Bonds, Community Facilities District 2006-1 Marblehead Coastal, Series 2015</name>
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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Series 2015A</name>
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        <name>Jurupa Community Services District, California, Special Tax Bonds, Community Facilities District 37 Eastvale Improveement Area 2,Series 2016A</name>
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        <name>Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Series 2013A</name>
        <lei>N/A</lei>
        <title>Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Series 2013A</title>
        <cusip>345105HA1</cusip>
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        <name>Beaumont Financing Authority, California, Local Agency Revenue Bonds, Improvement Area 17A, Series 2013B</name>
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      <invstOrSec>
        <name>Ontario, California, Special Tax Bonds, Community Facilities District 24 Park Place Facilities Phase I, Series 2016</name>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A</name>
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        <name>California Municipal Finance Authority, Student Housing Revenue Bonds, CHF-Riverside II LLC -UCR North District Phase I Student Housing Project, Serie</name>
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        <name>California Health Facilities Financing Authority, Revenue Bonds, Stanford Hospitals and Clinics, Tender Option Bond Trust 2015-XF0131</name>
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        <name>Fullerton, California, Special Tax Bonds, Community Facilities District 2 Amerige Heights, Series 2014</name>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Charter School Revenue Bonds, John Adams Academies, Inc Project, Series 2014A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Charter School Revenue Bonds, John Adams Academies, Inc Project, Series 2014A</title>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2012B</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2012B</title>
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        <name>River Delta Unified School District, Sacramento and Solano Counties, California, General Obligation Bonds, School Faciliteis Improvement District 2, E</name>
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        <name>Moreno Valley, California, Special Tax Bonds, Community Facilities District 5, Series 2007</name>
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        <name>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2017B</name>
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        <name>California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A</name>
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        <name>Corona-Norco Unified School District, Riverside County, California, Special Tax Bonds, Community Facilities District 05-1, Series 2016</name>
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        <name>California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <cusip>13080SEW0</cusip>
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        <name>Lathrop, California, Special Tax Bonds, Community Facilities District 2018-1, Central Lathrop Specific Plan Improvement Areas 1-5 Special Tax Bonds, S</name>
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        <cusip>51825PDJ6</cusip>
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        <name>Southern California Public Power Authority, Natural Gas Project 1 Revenue Bonds, Series 2007A</name>
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        <name>California State, General Obligation Bonds, Various Purpose, Tender Option Bond Trust 2015-XF1041</name>
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        <name>Folsom, California, Special Tax Bonds, Community Facilities District 16 Islands at Parkshore Improvement Area 1, Series 2018</name>
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        <name>Lynwood Redevelopment Agency, California, Tax Allocation Revenue Bonds, Project Area A, Subordinate Lien Series 2011A</name>
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      <invstOrSec>
        <name>California School Finance Authority Charter School Facility Revenue Bonds, Grimmway Schools-Obligated Group, Series 2016A</name>
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        <title>California School Finance Authority Charter School Facility Revenue Bonds, Grimmway Schools-Obligated Group, Series 2016A</title>
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        <name>Rocklin Unified School District, Placer County, California, Special Tax Bonds, Community Facilities District 2, Series 2007</name>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Charter School Revenue Bonds, Urban Discovery Academy Project, Series 2014A</name>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority, Revenue Bonds, Terraces San Joaquin Gardens, Series 2012A</name>
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        <name>Lathrop, California, Special Tax Bonds, Community Facilities District 2018-1, Central Lathrop Specific Plan Improvement Areas 1-5 Special Tax Bonds, S</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-09-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Election of 2018, Series 2019A</name>
        <lei>N/A</lei>
        <title>Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Election of 2018, Series 2019A</title>
        <cusip>623040KE1</cusip>
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          <isin value="US623040KE11"/>
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        <valUSD>8002820.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Inglewood Public Financing Authority, California, Lease Revenue Bonds, Refunding Series 2012</name>
        <lei>N/A</lei>
        <title>Inglewood Public Financing Authority, California, Lease Revenue Bonds, Refunding Series 2012</title>
        <cusip>457104CG0</cusip>
        <identifiers>
          <isin value="US457104CG07"/>
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        <balance>2430000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Menifee Union School District, Riverside County, California, Special Tax Bonds, Community Facilties District 2011-1, Improvement Area 1, Series 2015</name>
        <lei>N/A</lei>
        <title>Menifee Union School District, Riverside County, California, Special Tax Bonds, Community Facilties District 2011-1, Improvement Area 1, Series 2015</title>
        <cusip>586810WE9</cusip>
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          <isin value="US586810WE97"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2017A</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2017A</title>
        <cusip>544525WL8</cusip>
        <identifiers>
          <isin value="US544525WL85"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2210160.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2017A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2017A</title>
        <cusip>13048TP23</cusip>
        <identifiers>
          <isin value="US13048TP234"/>
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        <balance>2955000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3410158.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2006A</name>
        <lei>N/A</lei>
        <title>California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2006A</title>
        <cusip>13016NCN2</cusip>
        <identifiers>
          <isin value="US13016NCN21"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25179.00000000</valUSD>
        <pctVal>0.001971120898</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Northern Inyo County Local Hospital District, California, General Obligation Bonds, Election 2005 Series 2009</name>
        <lei>N/A</lei>
        <title>Northern Inyo County Local Hospital District, California, General Obligation Bonds, Election 2005 Series 2009</title>
        <cusip>665296DE6</cusip>
        <identifiers>
          <isin value="US665296DE61"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1019200.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority, School Facility Revenue Bonds, Children of Promise, Series 2015A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, School Facility Revenue Bonds, Children of Promise, Series 2015A</title>
        <cusip>13080KAR2</cusip>
        <identifiers>
          <isin value="US13080KAR23"/>
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        <balance>1940000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2152100.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>March Joint Powers Redevelopment Agency, California, Tax Allocation Revenue Bonds, March Air Force Base Redevelopment Project, Series 2011A</name>
        <lei>N/A</lei>
        <title>March Joint Powers Redevelopment Agency, California, Tax Allocation Revenue Bonds, March Air Force Base Redevelopment Project, Series 2011A</title>
        <cusip>56621CAN4</cusip>
        <identifiers>
          <isin value="US56621CAN48"/>
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        <balance>1550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1713618.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>West Sacramento, California, Special Tax Bonds, Community Facilities District 27 Bridge District, Refunding Series 2016</name>
        <lei>N/A</lei>
        <title>West Sacramento, California, Special Tax Bonds, Community Facilities District 27 Bridge District, Refunding Series 2016</title>
        <cusip>955656QD8</cusip>
        <identifiers>
          <isin value="US955656QD82"/>
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        <balance>2805000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3232285.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2019B</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2019B</title>
        <cusip>13078YPX7</cusip>
        <identifiers>
          <isin value="US13078YPX75"/>
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        <balance>2150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2524895.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>San Diego Unified School District, San Diego County, California, General Obligation Bonds, Refunding Series 2012R-2</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District, San Diego County, California, General Obligation Bonds, Refunding Series 2012R-2</title>
        <cusip>797355Q56</cusip>
        <identifiers>
          <isin value="US797355Q560"/>
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        <balance>16990000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17537927.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Series WW</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority, Power Revenue Bonds, Series WW</title>
        <cusip>74526QM82</cusip>
        <identifiers>
          <isin value="US74526QM824"/>
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        <balance>915000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>703406.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.98820000</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California School Finance Authority, Charter School Revenue Bonds, Downtown College Prep - Obligated Group, Series 2016</name>
        <lei>N/A</lei>
        <title>California School Finance Authority, Charter School Revenue Bonds, Downtown College Prep - Obligated Group, Series 2016</title>
        <cusip>13058TDP2</cusip>
        <identifiers>
          <isin value="US13058TDP21"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1611690.00000000</valUSD>
        <pctVal>0.126170056042</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Independent Cities Finance Authority, California, Mobile Home Park Revenue Bonds, Palomar Estates West, Refunding Series 2015</name>
        <lei>549300ZZZYTBUL6FR983</lei>
        <title>Independent Cities Finance Authority, California, Mobile Home Park Revenue Bonds, Palomar Estates West, Refunding Series 2015</title>
        <cusip>45385LHD8</cusip>
        <identifiers>
          <isin value="US45385LHD82"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1090440.00000000</valUSD>
        <pctVal>0.085364354131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Western Reserve Port Authority, Ohio, Solid Waste Facility Revenue Bonds, Central Waste Inc, Series 2007A</name>
        <lei>N/A</lei>
        <title>Western Reserve Port Authority, Ohio, Solid Waste Facility Revenue Bonds, Central Waste Inc, Series 2007A</title>
        <cusip>959416AB4</cusip>
        <identifiers>
          <isin value="US959416AB44"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7.50000000</valUSD>
        <pctVal>0.000000587132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.35000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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        <name>Irvine, California, Limited Obligation Improvement Bonds, Reassessment District 15-2, Series 2015</name>
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        <name>University of Puerto Rico, University System Revenue Bonds, Series 2006Q</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005A</name>
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        <name>California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard Children's Hospital, Series 2016B</name>
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        <cusip>13032UDC9</cusip>
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        <name>California Infrastructure and Economic Development Bank, Revenue Bonds, Academy of Motion Picture Arts and Sciences Obligated Group, Series 2015A</name>
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        <name>Tracy, California, Special Tax Bonds, Community Facilities District 2016-1 Tracy Hills,  Improvement Area 1, Series 2019</name>
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        <title>Tracy, California, Special Tax Bonds, Community Facilities District 2016-1 Tracy Hills,  Improvement Area 1, Series 2019</title>
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      <invstOrSec>
        <name>Brea Redevelopment Agency, Orange County, California, Tax Allocation Bonds, Project Area AB, Series 2003</name>
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        <cusip>106287JF3</cusip>
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        <name>Westminster Redevelopment Agency, California, Tax Allocation Bonds, Commercial Redevelopment Project 1, Subordinate Lien Series 2011A</name>
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        <title>Westminster Redevelopment Agency, California, Tax Allocation Bonds, Commercial Redevelopment Project 1, Subordinate Lien Series 2011A</title>
        <cusip>960620DB5</cusip>
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      <invstOrSec>
        <name>Placentia-Yorba Linda Unified School District, Orange County, California, General Obligation Bonds, Series 2011D</name>
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        <title>Placentia-Yorba Linda Unified School District, Orange County, California, General Obligation Bonds, Series 2011D</title>
        <cusip>725894KH1</cusip>
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          <isin value="US725894KH18"/>
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        <name>Dublin, Callifornia, Special Tax Bonds, Community Facilities District 2015-1 Improvement  Area 2 Dublin Crossing, Series 2019</name>
        <lei>N/A</lei>
        <title>Dublin, Callifornia, Special Tax Bonds, Community Facilities District 2015-1 Improvement  Area 2 Dublin Crossing, Series 2019</title>
        <cusip>26362RAL1</cusip>
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      <invstOrSec>
        <name>University of Puerto Rico, University System Revenue Bonds, Refunding Series 2006P</name>
        <lei>N/A</lei>
        <title>University of Puerto Rico, University System Revenue Bonds, Refunding Series 2006P</title>
        <cusip>914811NR1</cusip>
        <identifiers>
          <isin value="US914811NR13"/>
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        <name>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2019E</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2019E</title>
        <cusip>79766DSB6</cusip>
        <identifiers>
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        <balance>5660000.00000000</balance>
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      <invstOrSec>
        <name>Tobacco Securitization Authority of Southern California, Tobacco Settlement Asset-Backed Bonds, San Diego County Tobacco Asset Securitization Corporat</name>
        <lei>N/A</lei>
        <title>Tobacco Securitization Authority of Southern California, Tobacco Settlement Asset-Backed Bonds, San Diego County Tobacco Asset Securitization Corporat</title>
        <cusip>888804AZ4</cusip>
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        <balance>5000000.00000000</balance>
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      <invstOrSec>
        <name>Riverside County, California, Special Tax Bonds, Community Facilities District 07-2 Clinton Keith, Series 2017</name>
        <lei>N/A</lei>
        <title>Riverside County, California, Special Tax Bonds, Community Facilities District 07-2 Clinton Keith, Series 2017</title>
        <cusip>76911FUJ1</cusip>
        <identifiers>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2018A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2018A</title>
        <cusip>13080SVN1</cusip>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Revenue Bonds, Touro College and University System, Series 2014A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Revenue Bonds, Touro College and University System, Series 2014A</title>
        <cusip>13048TSH7</cusip>
        <identifiers>
          <isin value="US13048TSH76"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2007TT</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2007TT</title>
        <cusip>74526QU26</cusip>
        <identifiers>
          <isin value="US74526QU264"/>
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        <balance>1950000.00000000</balance>
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        <name>California Health Facilities Financing Authority, Revenue Bonds, Providence Health &amp; Services, Tender Option Bond Trust 2015-XF1034</name>
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        <name>Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Series 2013A</name>
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        <name>Roseville, California, Special Tax Bonds, Community Facilities District 1 SVSP Westpark-Federico, Series 2019</name>
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        <name>Hemet Unified School District, Riverside County, California, General Obligation Bonds, Series 2019A</name>
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        <name>California Municipal Finance Authority Charter School Revenue Bonds, River Charter Schools Project, Series 2018A</name>
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        <name>Jamul Dulzura Union School District, San Diego County, California, General Obligation Bonds, Election 1995 Series 2004A</name>
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        <name>California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Refunding Series 2015R-1</name>
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        <name>Compton Community Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment Projects, Housing Second Lien Series 2010A</name>
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        <name>Woodland, California, Special Tax Bonds, Community Facilities District 2004-1 Spring Lake, Refunding &amp; Capital Projects Series 2016</name>
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        <name>California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Series 2010A</name>
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        <name>California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Merced County Tobacco Funding Corporation, Series 2005A</name>
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        <name>Tracy, California, Special Tax Bonds, Community Facilities District 2016-1 Tracy Hills,  Improvement Area 1, Series 2019</name>
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        <name>Hercules Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series 2005</name>
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        <title>Hercules Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series 2005</title>
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        <name>Independent Cities Finance Authority, California, Mobile Home Park Revenue Bonds, Augusta Communities Mobile Home Park, Series 2012A</name>
        <lei>549300ZZZYTBUL6FR983</lei>
        <title>Independent Cities Finance Authority, California, Mobile Home Park Revenue Bonds, Augusta Communities Mobile Home Park, Series 2012A</title>
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        <invCountry>US</invCountry>

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        <name>Tejon Ranch Public Facilities Financing Authority, California, Special Tax Bonds, Community Facilities District 2000-1, Tejon Industrial Complex Publi</name>
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        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2010XX</name>
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        <name>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2016B</name>
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        <name>Bakersfield City School District, Kern County, California, General Obligation Bonds, Series 2012C</name>
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        <name>California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2015</name>
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        <name>Ontario, California, Special Tax Bonds, Community Facilities District 28 New Haven Facilities - Area A, Series 2017</name>
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      <invstOrSec>
        <name>Riverside County Asset Leasing Corporation, California, Leasehold Revenue Bonds, Riverside County Hospital Project, Series 1997</name>
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        <title>Riverside County Asset Leasing Corporation, California, Leasehold Revenue Bonds, Riverside County Hospital Project, Series 1997</title>
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        <name>Tustin, California,Special Tax Bonds, Community Facilities District 14-1 Tustin Legacy/Standard Pacific, Refunding Series 2015A</name>
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        <name>Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Subordinate Lien Series 2010B</name>
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        <title>Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Subordinate Lien Series 2010B</title>
        <cusip>927676RD0</cusip>
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      <invstOrSec>
        <name>Beaumont, California, Special Tax Bonds, Community Facilities District 93-1 Improvement Area 8D, Series 2018A</name>
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        <title>Beaumont, California, Special Tax Bonds, Community Facilities District 93-1 Improvement Area 8D, Series 2018A</title>
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        <name>Pittsburg Unified School District, Contra Costa County, California, General Obligation Bonds, Refunding Series 2016</name>
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        <title>Pittsburg Unified School District, Contra Costa County, California, General Obligation Bonds, Refunding Series 2016</title>
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      <invstOrSec>
        <name>California School Finance Authority, Charter School Revenue Bonds, Rocketship Education ? Obligated Group, Series 2017A</name>
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        <title>California School Finance Authority, Charter School Revenue Bonds, Rocketship Education ? Obligated Group, Series 2017A</title>
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        <name>Long Beach Bond Finance Authority, California, Natural Gas Purchase Revenue Bonds, Series 2007B</name>
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        <name>San Mateo Union High School District, San Mateo County, California, General Obligation Bonds, Election 2010 Series 2011A</name>
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        <title>San Mateo Union High School District, San Mateo County, California, General Obligation Bonds, Election 2010 Series 2011A</title>
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      <invstOrSec>
        <name>Stockton Public Financing Authority, California, Lease Revenue Bonds, Parking &amp; Capital Projects, Series 2004</name>
        <lei>N/A</lei>
        <title>Stockton Public Financing Authority, California, Lease Revenue Bonds, Parking &amp; Capital Projects, Series 2004</title>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2010XX</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2010XX</title>
        <cusip>74526QQ39</cusip>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CME Group Inc</name>
        <lei>N/A</lei>
        <title>US 10YR NOTE (CBT)Mar20</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TYH0"/>
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        <balance>-680.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-87964375.00000000</valUSD>
        <pctVal>-6.88623129974</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="CBOT FINANCIAL FUTURES" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CME Group Inc</issuerName>
                <issueTitle>US 10YR NOTE (CBT)Mar20</issueTitle>
                <identifiers>
                  <other otherDesc="BBUID" value="IX48338448-0"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-20</expDate>
            <notionalAmt>-88066335.56</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>101960.56</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jurupa Unified School District, California, Special Tax Bonds, Community Facilities District 9, Series 2015A</name>
        <lei>N/A</lei>
        <title>Jurupa Unified School District, California, Special Tax Bonds, Community Facilities District 9, Series 2015A</title>
        <cusip>482128EM3</cusip>
        <identifiers>
          <isin value="US482128EM31"/>
        </identifiers>
        <balance>3380000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3810274.00000000</valUSD>
        <pctVal>0.298284709911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A</title>
        <cusip>13080SML5</cusip>
        <identifiers>
          <isin value="US13080SML50"/>
        </identifiers>
        <balance>1795000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2021636.70000000</valUSD>
        <pctVal>0.158262454775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southern California Public Power Authority, Natural Gas Project 1 Revenue Bonds, Series 2007A</name>
        <lei>5493003B5TD5FWUKMD34</lei>
        <title>Southern California Public Power Authority, Natural Gas Project 1 Revenue Bonds, Series 2007A</title>
        <cusip>842471AY0</cusip>
        <identifiers>
          <isin value="US842471AY05"/>
        </identifiers>
        <balance>720000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>942688.80000000</valUSD>
        <pctVal>0.073797751879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Moreno Valley Unified School District, Riverside County, California, Special Tax Bonds, Community Facilities District 2015-2, Series 2019</name>
        <lei>N/A</lei>
        <title>Moreno Valley Unified School District, Riverside County, California, Special Tax Bonds, Community Facilities District 2015-2, Series 2019</title>
        <cusip>616874RQ8</cusip>
        <identifiers>
          <isin value="US616874RQ80"/>
        </identifiers>
        <balance>970000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1102812.40000000</valUSD>
        <pctVal>0.086332919055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California Municipal Finance Authority Charter School Revenue Bonds, John Adams Academies, Inc Project, Series 2017A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority Charter School Revenue Bonds, John Adams Academies, Inc Project, Series 2017A</title>
        <cusip>13048DCB2</cusip>
        <identifiers>
          <isin value="US13048DCB29"/>
        </identifiers>
        <balance>4255000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4387117.75000000</valUSD>
        <pctVal>0.343442530748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Puerto Rico Electric Power Authority, Power Revenue Bonds, Refunding Series 2010DDD</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority, Power Revenue Bonds, Refunding Series 2010DDD</title>
        <cusip>74526QK84</cusip>
        <identifiers>
          <isin value="US74526QK844"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>767500.00000000</valUSD>
        <pctVal>0.060083215762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95720000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The International Organization for Standardization (ISO) country code included within Part C.5. of this filing may differ from that used for other purposes, such as for fund portfolio compliance purposes and for financial reporting purposes (i.e. the preparation of the fund's schedule of investments included within Part F of Form N-PORT and Form N-CSR." noteItem="C.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2019-11-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Nuveen Multistate Trust II</ncom:nameOfApplicant>
      <ncom:signature>E. Scott Wickerham</ncom:signature>
      <ncom:signerName>E. Scott Wickerham</ncom:signerName>
      <ncom:title>Funds Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
