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        <name>Rancho Cucamonga, California, Limited Obligation Improvement Bonds, Masi Plaza Assessment District 93-1, Series 1997</name>
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        <name>Manhattan Beach Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2016 Measure EE Series 2018A</name>
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        <name>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2018A</name>
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        <name>California State Public Works Board, Lease Revenue Bonds, Judicial Council of California, New Stockton Courthouse, Series 2014B</name>
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        <cusip>13068LNS0</cusip>
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        <name>Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D</name>
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        <cusip>40065NCA3</cusip>
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      <invstOrSec>
        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018C</name>
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        <title>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018C</title>
        <cusip>544445GB9</cusip>
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        <name>CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Renaissance at City Center, Series 2020A</name>
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        <title>CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Renaissance at City Center, Series 2020A</title>
        <cusip>126292AA9</cusip>
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          <isin value="US126292AA99"/>
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      <invstOrSec>
        <name>Brea Redevelopment Agency, Orange County, California, Tax Allocation Bonds, Project Area AB, Series 2011A</name>
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        <title>Brea Redevelopment Agency, Orange County, California, Tax Allocation Bonds, Project Area AB, Series 2011A</title>
        <cusip>106287KW4</cusip>
        <identifiers>
          <isin value="US106287KW41"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>San Jose, California, General Obligation Bonds, Disaster Preparedness, Public Safety &amp; Infrastructure, Series 2019A-1</name>
        <lei>549300QHIHSH68W22O38</lei>
        <title>San Jose, California, General Obligation Bonds, Disaster Preparedness, Public Safety &amp; Infrastructure, Series 2019A-1</title>
        <cusip>798135E39</cusip>
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          <isin value="US798135E397"/>
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        <balance>15820000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <couponKind>Fixed</couponKind>
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        <name>Lake Elsinore Public Financing Authority, California, Local Agency Revenue Bonds, Canyon Hills Improvement Area A &amp; C, Series 2014C</name>
        <lei>549300C5MCDOVNPOX172</lei>
        <title>Lake Elsinore Public Financing Authority, California, Local Agency Revenue Bonds, Canyon Hills Improvement Area A &amp; C, Series 2014C</title>
        <cusip>509632LK9</cusip>
        <identifiers>
          <isin value="US509632LK90"/>
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        <balance>790000.00000000</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>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</title>
        <cusip>74529JQG3</cusip>
        <identifiers>
          <isin value="US74529JQG30"/>
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        <balance>71915000.00000000</balance>
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        <invCountry>US</invCountry>

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          <annualizedRt>0.00000000</annualizedRt>
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        <name>Menifee Union School District Public Financing Authority, California, Special Tax Revenue Bonds, Series 2016A</name>
        <lei>N/A</lei>
        <title>Menifee Union School District Public Financing Authority, California, Special Tax Revenue Bonds, Series 2016A</title>
        <cusip>58680NBT0</cusip>
        <identifiers>
          <isin value="US58680NBT00"/>
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        <balance>1600000.00000000</balance>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>University of California, General Revenue Bonds, Series 2020BE</name>
        <lei>N/A</lei>
        <title>University of California, General Revenue Bonds, Series 2020BE</title>
        <cusip>91412HHD8</cusip>
        <identifiers>
          <isin value="US91412HHD89"/>
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        <balance>4600000.00000000</balance>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Lammersville Joint Unified School District, California, Special Tax Bonds, Community Facilities District  2007-1 Mountain House - Shea Homes Improveme</name>
        <lei>N/A</lei>
        <title>Lammersville Joint Unified School District, California, Special Tax Bonds, Community Facilities District  2007-1 Mountain House - Shea Homes Improveme</title>
        <cusip>513533BP3</cusip>
        <identifiers>
          <isin value="US513533BP32"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Chula Vista Municipal Finance Authority, California, Special Tax Revenue Bonds, Refunding Series 2013</name>
        <lei>N/A</lei>
        <title>Chula Vista Municipal Finance Authority, California, Special Tax Revenue Bonds, Refunding Series 2013</title>
        <cusip>17131CAS8</cusip>
        <identifiers>
          <isin value="US17131CAS89"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>California Community Housing Agency, California, Essential Housing Revenue Bonds, Verdant at Green Valley Apartments, Series 2019A</name>
        <lei>N/A</lei>
        <title>California Community Housing Agency, California, Essential Housing Revenue Bonds, Verdant at Green Valley Apartments, Series 2019A</title>
        <cusip>13013FAA2</cusip>
        <identifiers>
          <isin value="US13013FAA21"/>
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        <balance>3375000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>5.00000000</annualizedRt>
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          <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>45385LGR8</cusip>
        <identifiers>
          <isin value="US45385LGR87"/>
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        <balance>1215000.00000000</balance>
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        <name>Los Angeles County Metropolitan Transportation Authority, California, Proposition C Sales Tax Revenue Bonds, Senior Lien Series 2017A</name>
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        <name>Sacramento Area Flood Control Agency, California, Consolidated Capital Assessment District 2 Bonds, Series 2016A</name>
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        <name>San Francisco Bay Area Rapid Transit District, California, Sales Tax Revenue Bonds, Series 2019A</name>
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        <cusip>797669ZG6</cusip>
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        <name>Lucia Mar Unified School District, San Luis Obispo County, California, General Obligation Bonds, Refunding Series 2005</name>
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        <cusip>54947TDH9</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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        <name>Glendale Community College District, Los Angeles County, California, General Obligation Bonds, Election 2016 Taxable Refunding Series 2020B</name>
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        <name>California Health Facilities Financing Authority, Revenue Bonds, Cedars-Sinai Medical Center, Refunding Series 2015</name>
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        <name>Upland, California, Certificates of Participation, San Antonio Regional Hospital, Series 2017</name>
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        <name>Orange County, California, Special Tax Bonds, Community Facilities District 2015-1 Esencia Village, Series 2015A</name>
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        <name>Metropolitan Water District of Southern California, Water Revenue Bonds, Refunding Series 2020C</name>
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        <name>California State, General Obligation Bonds, Various Purpose Refunding Series 2015</name>
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        <name>San Diego County, California, Limited Revenue Obligations, Sanford Burnham Prebys Medical Discovery Institute, Series 2015A</name>
        <lei>254900MKIGRAYVDUZ926</lei>
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        <cusip>79742YAN2</cusip>
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        <invCountry>US</invCountry>

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        <name>Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Election of 2018, Series 2019A</name>
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        <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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      <invstOrSec>
        <name>California State University, Systemwide Revenue Bonds, Series 2019A</name>
        <lei>N/A</lei>
        <title>California State University, Systemwide Revenue Bonds, Series 2019A</title>
        <cusip>13077DHF2</cusip>
        <identifiers>
          <isin value="US13077DHF24"/>
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        <name>East Bay Municipal Utility District, Alameda and Contra Costa Counties, California, Water System Revenue Bonds, Green Series 2017A</name>
        <lei>N/A</lei>
        <title>East Bay Municipal Utility District, Alameda and Contra Costa Counties, California, Water System Revenue Bonds, Green Series 2017A</title>
        <cusip>271014D41</cusip>
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          <isin value="US271014D418"/>
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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 2014A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014A</title>
        <cusip>13080SEW0</cusip>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Rancho Cucamonga Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Rancho Redevelopment Project, Series 2014</name>
        <lei>N/A</lei>
        <title>Rancho Cucamonga Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Rancho Redevelopment Project, Series 2014</title>
        <cusip>75212CAU3</cusip>
        <identifiers>
          <isin value="US75212CAU36"/>
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        <balance>2400000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fontana Unified School District, San Bernardino County, California, General Obligation Bonds, Refunding Series 2012</name>
        <lei>N/A</lei>
        <title>Fontana Unified School District, San Bernardino County, California, General Obligation Bonds, Refunding Series 2012</title>
        <cusip>344640SZ1</cusip>
        <identifiers>
          <isin value="US344640SZ15"/>
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        <balance>19700000.00000000</balance>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Irvine, California, Special Tax Bonds, Community Facilities District 2013-3 Great Park, Improvement Area 1, Refunding Series 2014</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
        <title>Irvine, California, Special Tax Bonds, Community Facilities District 2013-3 Great Park, Improvement Area 1, Refunding Series 2014</title>
        <cusip>46360TDF7</cusip>
        <identifiers>
          <isin value="US46360TDF75"/>
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        <balance>750000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Roseville, California, Special Tax Bonds, Community Facilities District 1 Westpark, Refunding Series 2015</name>
        <lei>549300OH100KESVPND17</lei>
        <title>Roseville, California, Special Tax Bonds, Community Facilities District 1 Westpark, Refunding Series 2015</title>
        <cusip>777870VV5</cusip>
        <identifiers>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Northern Inyo County Local Hospital District, Inyo County, California, Revenue Bonds, Series 2010</name>
        <lei>N/A</lei>
        <title>Northern Inyo County Local Hospital District, Inyo County, California, Revenue Bonds, Series 2010</title>
        <cusip>665297AT4</cusip>
        <identifiers>
          <isin value="US665297AT41"/>
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        <balance>1335000.00000000</balance>
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      <invstOrSec>
        <name>Palomar Community College District, San Diego County, California, General Obligation Bonds, Election 2006 Series 2017D</name>
        <lei>N/A</lei>
        <title>Palomar Community College District, San Diego County, California, General Obligation Bonds, Election 2006 Series 2017D</title>
        <cusip>697511ES8</cusip>
        <identifiers>
          <isin value="US697511ES82"/>
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        <balance>2745000.00000000</balance>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Rosemead School District, Los Angeles County, California, General Obligation Bonds, Election 2008 Series 2013B</name>
        <lei>N/A</lei>
        <title>Rosemead School District, Los Angeles County, California, General Obligation Bonds, Election 2008 Series 2013B</title>
        <cusip>777526JX3</cusip>
        <identifiers>
          <isin value="US777526JX34"/>
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      <invstOrSec>
        <name>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2020C</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2020C</title>
        <cusip>544525ZX9</cusip>
        <identifiers>
          <isin value="US544525ZX96"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>6622250.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2017A</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2017A</title>
        <cusip>79766DKH1</cusip>
        <identifiers>
          <isin value="US79766DKH16"/>
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        <balance>10000000.00000000</balance>
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        <invCountry>US</invCountry>

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        <debtSec>
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      <invstOrSec>
        <name>California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, San Diego County Water Authoriity Desalination Project Pipeline, Ref</name>
        <lei>N/A</lei>
        <title>California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, San Diego County Water Authoriity Desalination Project Pipeline, Ref</title>
        <cusip>13054WAP2</cusip>
        <identifiers>
          <isin value="US13054WAP23"/>
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        <balance>3565000.00000000</balance>
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        <debtSec>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Menifee Union School District Public Financing Authority, California, Special Tax Revenue Bonds, Series 2016A</name>
        <lei>N/A</lei>
        <title>Menifee Union School District Public Financing Authority, California, Special Tax Revenue Bonds, Series 2016A</title>
        <cusip>58680NBR4</cusip>
        <identifiers>
          <isin value="US58680NBR44"/>
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        <name>San Diego Public Facilities Financing Authority, California, Water Utility Revenue Bonds, Refunding Subordinate Lien Series 2016B</name>
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        <name>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2019A</name>
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        <name>California School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2015A</name>
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        <title>California School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2015A</title>
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        <name>Anaheim Union High School District, Orange County, California, General Obligation Bonds, 2014 Election Series 2019</name>
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        <cusip>032591TT6</cusip>
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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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        <cusip>38122NYK2</cusip>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Los Angeles Unified School District, Los Angeles County, California, General Obligation Bonds, Measure Q Series 2020C</name>
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        <title>Los Angeles Unified School District, Los Angeles County, California, General Obligation Bonds, Measure Q Series 2020C</title>
        <cusip>544647DL1</cusip>
        <identifiers>
          <isin value="US544647DL16"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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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, Senior Lien Series 2015D</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Senior Lien Series 2015D</title>
        <cusip>5444357M6</cusip>
        <identifiers>
          <isin value="US5444357M63"/>
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        <balance>3135000.00000000</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>5.00000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Long Beach, California, Harbor Revenue Bonds, Series 2019A</name>
        <lei>N/A</lei>
        <title>Long Beach, California, Harbor Revenue Bonds, Series 2019A</title>
        <cusip>542424VW3</cusip>
        <identifiers>
          <isin value="US542424VW30"/>
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        <balance>5120000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Infrastructure and Economic Development Bank, Revenue Bonds, North County Center for Self-Sufficiency Corporation, Series 2004</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>California Infrastructure and Economic Development Bank, Revenue Bonds, North County Center for Self-Sufficiency Corporation, Series 2004</title>
        <cusip>13033WMK6</cusip>
        <identifiers>
          <isin value="US13033WMK61"/>
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        <balance>1960000.00000000</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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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2017A</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2017A</title>
        <cusip>544495Z64</cusip>
        <identifiers>
          <isin value="US544495Z645"/>
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        <balance>29905000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California State University, Systemwide Revenue Bonds, Series 2019A</name>
        <lei>N/A</lei>
        <title>California State University, Systemwide Revenue Bonds, Series 2019A</title>
        <cusip>13077DHG0</cusip>
        <identifiers>
          <isin value="US13077DHG07"/>
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        <balance>6070000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Alameda Unified School District, Alameda County, California, General Obligation Bonds, Election 2014 Series 2019C</name>
        <lei>N/A</lei>
        <title>Alameda Unified School District, Alameda County, California, General Obligation Bonds, Election 2014 Series 2019C</title>
        <cusip>010824MD9</cusip>
        <identifiers>
          <isin value="US010824MD95"/>
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        <balance>4475000.00000000</balance>
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        <curCd>USD</curCd>
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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>3.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Francisco City and County Redevelopment Agency, California, Hotel Occupancy Tax Revenue Bonds, Refunding Series 2011</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>San Francisco City and County Redevelopment Agency, California, Hotel Occupancy Tax Revenue Bonds, Refunding Series 2011</title>
        <cusip>79771YAM8</cusip>
        <identifiers>
          <isin value="US79771YAM84"/>
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        <balance>1955000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <debtSec>
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      <invstOrSec>
        <name>East Bay Municipal Utility District, Alameda and Contra Costa Counties, California, Water System Revenue Bonds, Refunding Series 2015A</name>
        <lei>N/A</lei>
        <title>East Bay Municipal Utility District, Alameda and Contra Costa Counties, California, Water System Revenue Bonds, Refunding Series 2015A</title>
        <cusip>271014ZE5</cusip>
        <identifiers>
          <isin value="US271014ZE55"/>
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        <balance>5695000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>National City Community Development Commission, California, Tax Allocation Bonds, National City Redevelopment Project, Series 2011</name>
        <lei>N/A</lei>
        <title>National City Community Development Commission, California, Tax Allocation Bonds, National City Redevelopment Project, Series 2011</title>
        <cusip>634900GB4</cusip>
        <identifiers>
          <isin value="US634900GB40"/>
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        <balance>3455000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Temecula Public Financing Authority, California, Special Tax Bonds, Community Facilities District 16-01, Series 2017</name>
        <lei>N/A</lei>
        <title>Temecula Public Financing Authority, California, Special Tax Bonds, Community Facilities District 16-01, Series 2017</title>
        <cusip>87972YFZ4</cusip>
        <identifiers>
          <isin value="US87972YFZ43"/>
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        <balance>105000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</name>
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        <name>San Jose, California, Multifamily Housing Senior Lien Revenue Bonds, Fallen Leaves Apartments, Series 2002J1</name>
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        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018A</name>
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        <name>California State, General Obligation Bonds, Various Purpose Refunding Series 2014</name>
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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>Roseville, California, Special Tax Bonds, Community Facilities District 1 Westpark, Refunding Series 2015</name>
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        <name>Los Angeles, California, Wastewater System Revenue Bonds, Refunding Green Series 2015A</name>
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        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Senior Lien Series 2015E</name>
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      <invstOrSec>
        <name>California Housing Finance Agency, Municipal Certificate Revenue Bonds, Class A Series 2021-1</name>
        <lei>549300BOPCVLBA552Z14</lei>
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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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        <name>California Municipal Finance Authority, Charter School Revenue Bonds, Rocketship Education?Multiple Projects, Series 2014A</name>
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        <name>California Infrastructure and Economic Development Bank, Lease Revenue Bonds, California State Teachers? Retirement System Headquarters Expansion, Gre</name>
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        <name>CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Altana Glendale, Series 2021A-2</name>
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        <name>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2020C</name>
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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>
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        <cusip>798111GD6</cusip>
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          <isin value="US798111GD61"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-01-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>California Statewide Community Development Authority, Multifamily Housing Revenue Senior Bonds, Westgate Courtyards Apartments, Series 2001X-1</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Community Development Authority, Multifamily Housing Revenue Senior Bonds, Westgate Courtyards Apartments, Series 2001X-1</title>
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          <isin value="US13077VD250"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A</name>
        <lei>N/A</lei>
        <title>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A</title>
        <cusip>745160RF0</cusip>
        <identifiers>
          <isin value="US745160RF00"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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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 2016B</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2016B</title>
        <cusip>544445CC1</cusip>
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          <isin value="US544445CC12"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California State University, Systemwide Revenue Bonds, Series 2020C</name>
        <lei>N/A</lei>
        <title>California State University, Systemwide Revenue Bonds, Series 2020C</title>
        <cusip>13077DMC3</cusip>
        <identifiers>
          <isin value="US13077DMC38"/>
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        <balance>7505000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Revenue Bonds, Goodwill Industries of Sacramento Valley &amp; Northern Nevada Project, Series 2014A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Revenue Bonds, Goodwill Industries of Sacramento Valley &amp; Northern Nevada Project, Series 2014A</title>
        <cusip>13048TSX2</cusip>
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          <isin value="US13048TSX27"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Oakland Redevelopment Successor Agency, California, Tax Allocation Bonds, Refunding Subordinated Series 2015-TE</name>
        <lei>N/A</lei>
        <title>Oakland Redevelopment Successor Agency, California, Tax Allocation Bonds, Refunding Subordinated Series 2015-TE</title>
        <cusip>67232TAL9</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>California School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2016C</name>
        <lei>N/A</lei>
        <title>California School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2016C</title>
        <cusip>13059TDF3</cusip>
        <identifiers>
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        <balance>5235000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Riverside, California, Electric Revenue Bonds, Refunding Series 2019A</name>
        <lei>N/A</lei>
        <title>Riverside, California, Electric Revenue Bonds, Refunding Series 2019A</title>
        <cusip>768874UV9</cusip>
        <identifiers>
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        <balance>5645000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tustin, California,Special Tax Bonds, Community Facilities District 14-1 Tustin Legacy/Standard Pacific, Refunding Series 2015A</name>
        <lei>N/A</lei>
        <title>Tustin, California,Special Tax Bonds, Community Facilities District 14-1 Tustin Legacy/Standard Pacific, Refunding Series 2015A</title>
        <cusip>901047FG0</cusip>
        <identifiers>
          <isin value="US901047FG01"/>
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        <balance>100000.00000000</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>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California School Finance Authority, Charter School Revenue Bonds, Summit Public Schools ? Obligated Group, Series 2017</name>
        <lei>N/A</lei>
        <title>California School Finance Authority, Charter School Revenue Bonds, Summit Public Schools ? Obligated Group, Series 2017</title>
        <cusip>13058TFR6</cusip>
        <identifiers>
          <isin value="US13058TFR68"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Long Beach Unified School District, Los Angeles County, California, General Obligation Bonds, Election of 2008, Series 2009A</name>
        <lei>N/A</lei>
        <title>Long Beach Unified School District, Los Angeles County, California, General Obligation Bonds, Election of 2008, Series 2009A</title>
        <cusip>542433SJ7</cusip>
        <identifiers>
          <isin value="US542433SJ72"/>
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        <balance>30000.00000000</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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      <invstOrSec>
        <name>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Series 2016A</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Series 2016A</title>
        <cusip>13032UCL0</cusip>
        <identifiers>
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        <balance>10845000.00000000</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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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2016B</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2016B</title>
        <cusip>79766DGF0</cusip>
        <identifiers>
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        <balance>13070000.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Upper Santa Clara Valley Joint Powers Authority, California, Revenue Bonds, Series 2020A</name>
        <lei>N/A</lei>
        <title>Upper Santa Clara Valley Joint Powers Authority, California, Revenue Bonds, Series 2020A</title>
        <cusip>916544EM7</cusip>
        <identifiers>
          <isin value="US916544EM75"/>
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        <balance>3000000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California State, General Obligation Bonds, Various Purpose Series 2016</name>
        <lei>N/A</lei>
        <title>California State, General Obligation Bonds, Various Purpose Series 2016</title>
        <cusip>13063CV23</cusip>
        <identifiers>
          <isin value="US13063CV237"/>
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        <balance>4375000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Parallel-Anaheim Series 2021A</name>
        <lei>N/A</lei>
        <title>CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Parallel-Anaheim Series 2021A</title>
        <cusip>126292AD3</cusip>
        <identifiers>
          <isin value="US126292AD39"/>
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        <balance>755000.00000000</balance>
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        <name>Rancho Cucamonga Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Rancho Redevelopment Project, Series 2014</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 Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2016B</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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        <title>Compton Community Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment Projects, Second Lien Series 2010B</title>
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        <name>California State University, Systemwide Revenue Bonds, Series 2020C</name>
        <lei>N/A</lei>
        <title>California State University, Systemwide Revenue Bonds, Series 2020C</title>
        <cusip>13077DMD1</cusip>
        <identifiers>
          <isin value="US13077DMD11"/>
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      <invstOrSec>
        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Senior Lien Series 2015E</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Senior Lien Series 2015E</title>
        <cusip>5444358L7</cusip>
        <identifiers>
          <isin value="US5444358L71"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2019A</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2019A</title>
        <cusip>79766DMB2</cusip>
        <identifiers>
          <isin value="US79766DMB28"/>
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        <balance>10000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2019A</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2019A</title>
        <cusip>5444956T6</cusip>
        <identifiers>
          <isin value="US5444956T61"/>
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        <balance>8000000.00000000</balance>
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        <invCountry>US</invCountry>

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        <name>California Infrastructure and Economic Development Bank, Revenue Bonds, The Walt Disney Family Museum, Refunding Series 2016</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>California Infrastructure and Economic Development Bank, Revenue Bonds, The Walt Disney Family Museum, Refunding Series 2016</title>
        <cusip>13034AKU3</cusip>
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        <assetCat>DBT</assetCat>
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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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        <name>Upper Santa Clara Valley Joint Powers Authority, California, Revenue Bonds, Series 2020A</name>
        <lei>N/A</lei>
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        <cusip>916544EN5</cusip>
        <identifiers>
          <isin value="US916544EN58"/>
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        <debtSec>
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        <name>Corona-Norco Unified School District, Riverside County, California, General Obligation Bonds, Capital Appreciation, Election 2006 Refunding Series 200</name>
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        <cusip>219764LK1</cusip>
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        <name>California Housing Finance Agency, Municipal Certificate Revenue Bonds, Class A Series2019-1</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>California Housing Finance Agency, Municipal Certificate Revenue Bonds, Class A Series2019-1</title>
        <cusip>13033DAA3</cusip>
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          <isin value="US13033DAA37"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California Community College Financing Authority, Lease Revenue Bonds, Refunding Series 2003</name>
        <lei>N/A</lei>
        <title>California Community College Financing Authority, Lease Revenue Bonds, Refunding Series 2003</title>
        <cusip>13012EPB8</cusip>
        <identifiers>
          <isin value="US13012EPB82"/>
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        <name>University of California, General Revenue Bonds, Series 2020BE</name>
        <lei>N/A</lei>
        <title>University of California, General Revenue Bonds, Series 2020BE</title>
        <cusip>91412HHE6</cusip>
        <identifiers>
          <isin value="US91412HHE62"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California Infrastructure and Economic Development Bank, Revenue Bonds, The Walt Disney Family Museum, Refunding Series 2016</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>California Infrastructure and Economic Development Bank, Revenue Bonds, The Walt Disney Family Museum, Refunding Series 2016</title>
        <cusip>13034AKV1</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2019D</name>
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        <title>California State, General Obligation Bonds, Various Purpose Series 2011</title>
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        <name>Patterson Public Finance Authority, California, Revenue Bonds, Community Facilities District 2001-1, Senior Series 2013A</name>
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        <cusip>703380CJ2</cusip>
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        <name>Brea and Olinda Unified School District, Orange County, California, Certificates of Participation Refunding, Series 2002A</name>
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        <cusip>106332BJ7</cusip>
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        <name>Antelope Valley Community College District, Los Angeles County, California, General Obligation Bonds, Election 2016 Series 2017A</name>
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        <title>Antelope Valley Community College District, Los Angeles County, California, General Obligation Bonds, Election 2016 Series 2017A</title>
        <cusip>03667PFE7</cusip>
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        <name>San Diego County Regional Airport Authority, California, Airport Revenue Bonds, Refunding Subordinate Series 2019A</name>
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        <title>San Diego County Regional Airport Authority, California, Airport Revenue Bonds, Refunding Subordinate Series 2019A</title>
        <cusip>79739GLE4</cusip>
        <identifiers>
          <isin value="US79739GLE43"/>
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        <name>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2015A</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2015A</title>
        <cusip>13032UAR9</cusip>
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          <isin value="US13032UAR95"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2018B</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2018B</title>
        <cusip>544525YK8</cusip>
        <identifiers>
          <isin value="US544525YK84"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-1</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-1</title>
        <cusip>38122NZV7</cusip>
        <identifiers>
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        <invCountry>US</invCountry>

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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>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>San Francisco City and County Redevelopment Agency Successor Agency, California, Special Tax Bonds, Community Facilities District 7, Hunters Point Shi</title>
        <cusip>79772ACS4</cusip>
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          <isin value="US79772ACS42"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Rancho Santa Fe CSD Financing Authority, California, Revenue Bonds, Superior Lien Series 2011A</name>
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        <title>Rancho Santa Fe CSD Financing Authority, California, Revenue Bonds, Superior Lien Series 2011A</title>
        <cusip>75213RAR6</cusip>
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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>California State, General Obligation Bonds, Various Purpose Series 2018</name>
        <lei>N/A</lei>
        <title>California State, General Obligation Bonds, Various Purpose Series 2018</title>
        <cusip>13063DFS2</cusip>
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        <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>
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      <invstOrSec>
        <name>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2018E</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2018E</title>
        <cusip>79766DLJ6</cusip>
        <identifiers>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Refunding Series 2017A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Refunding Series 2017A</title>
        <cusip>13048T4N0</cusip>
        <identifiers>
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        <name>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Series 2018A</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Series 2018A</title>
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        <name>California Infrastructure and Economic Development Bank, Lease Revenue Bonds, California State Teachers? Retirement System Headquarters Expansion, Gre</name>
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        <name>Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D</name>
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        <name>San Lorenzo Unified School District, Alameda County, California, General Obligation Bonds, Election of 2008 Series 2011B</name>
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        <name>California Infrastructure and Economic Development Bank, Lease Revenue Bonds, California State Teachers? Retirement System Headquarters Expansion, Gre</name>
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        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2019F</name>
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        <name>Kaweah Delta Health Care District, California, Revenue Bonds, Series 2015B</name>
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        <name>Pittsburg Unified School District Financing Authority, Contra Costa County, California,  General Obligation Bonds, Pittsburg Unified School District B</name>
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        <name>Chula Vista Municipal Finance Authority, California, Special Tax Revenue Bonds, Refunding Series 2013</name>
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        <name>San Francisco City and County, California, Certificates of Participation, 49 South Van Ness Avenue Project, Green Series 2019A</name>
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        <name>Washington Township Health Care District, Alameda County, California, General Obligation Bonds, 2012 Election Series 2013A</name>
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        <name>Irwindale Community Redevelopment Agency, California, Tax Allocation Bonds, City Industrial Development Project, Refunding Series 2006</name>
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        <name>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Refunding Series 2016B</name>
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        <name>California Statewide Communities Development Authority, California, Redlands Community Hospital, Revenue Bonds, Series 2016</name>
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        <name>Coast Community College District, Orange County, California, General Obligation Bonds, Election of 2012, Series 2019F</name>
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        <name>California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2017A</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>Santa Clara Valley Water District, California, Water System Revenue Bonds, Refunding  Series 2020A</name>
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        <name>Rio Elementary School District, California, Special Tax Bonds, Community Facilities District 1, Series 2013</name>
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        <name>California State Public Works Board, Lease Revenue Bonds, Judicial Council of California, New Stockton Courthouse, Series 2014B</name>
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        <name>Newport-Mesa Unified School District, Orange County, California, General Obligation Bonds, Election of 2005, Series 2011</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>Highland, California, Special Tax Bonds, Communitiy Facilities District 01-1, Refunding, Series 2011</name>
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        <cusip>430039EV5</cusip>
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        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2019D</name>
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        <title>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2019D</title>
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        <name>Contra Costa Water District, Contra Costa County, California, Water Revenue Bonds, Refunding Series 2019V</name>
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        <cusip>212218TZ4</cusip>
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        <name>Ontario-Montclair School District, San Bernardino County, California, General Obligation Bonds, Election of 2016, Series 2019B</name>
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        <name>California State, General Obligation Bonds, Various Purpose Series 2020</name>
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        <cusip>13063DVY1</cusip>
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        <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>
        <cusip>74529JPX7</cusip>
        <identifiers>
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        <name>Sacremento Municipal Utility District, California, Electric Revenue Bonds, Series 2020H</name>
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        <cusip>786005C97</cusip>
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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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        <cusip>38122NA28</cusip>
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        <name>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Refunding Series 2016B</name>
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        <cusip>544525VE5</cusip>
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        <name>Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley Project Area, Series 2011B</name>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Private Activity/AMT Subordinate Series 2019A</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Private Activity/AMT Subordinate Series 2019A</title>
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        <invCountry>US</invCountry>

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        <name>Los Angeles, California, Wastewater System Revenue Bonds, Green Subordinate Series 2018A</name>
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        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2019D</name>
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        <name>Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Election of 2018, Series 2019A</name>
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        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Senior Lien Series 2015E</name>
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        <name>Riverside County Transportation Commission, California, Toll Revenue Senior Lien Bonds, Series 2013A</name>
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        <name>Pittsburg Unified School District, Contra Costa County, California, General Obligation Bonds, Election of 2014, Series 2018C</name>
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        <name>Los Angeles County Public Works Financing Authority, California, Lease Revenue Bonds, Series 2019E-1</name>
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        <name>California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A</name>
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        <name>California State Public Works Board, Lease Revenue Bonds, California State University, Various University Projects, Series 2012D</name>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority, California, Proposition C Sales Tax Revenue Bonds, Senior Lien Series 2017A</name>
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        <name>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2018D</name>
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        <name>University of California, General Revenue Bonds, Series 2018AZ</name>
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        <name>San Francisco City and County Public Utilities Commission, California, Water Revenue Bonds, WSIP Green Series 2020A</name>
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        <name>California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2012A</name>
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        <name>California State, General Obligation Bonds, Various Purpose Series 2015</name>
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        <title>California State, General Obligation Bonds, Various Purpose Series 2015</title>
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        <name>Lake Elsinore Public Financing Authority, California, Local Agency Revenue Bonds, Refunding Series 2015</name>
        <lei>549300C5MCDOVNPOX172</lei>
        <title>Lake Elsinore Public Financing Authority, California, Local Agency Revenue Bonds, Refunding Series 2015</title>
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        <name>Sonoma County Junior College District, California, General Obligation Bonds, Election 2014 Series 2019B</name>
        <lei>549300C1BQ28FZTVYK25</lei>
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        <name>California Statewide Communities Development Authority, Pollution Control Revenue Bonds, Southern California Edison Company, Refunding Series 2006D</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, Pollution Control Revenue Bonds, Southern California Edison Company, Refunding Series 2006D</title>
        <cusip>13078HAX0</cusip>
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        <name>San Leandro Unified School District, Alameda County, California, General Obligation Bonds, Election 2006 Series 2010C</name>
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        <cusip>798458NV3</cusip>
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        <name>California State Public Works Board, Lease Revenue Bonds, Judicial Council of California, Various Projects Series 2013A</name>
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        <cusip>13068LCS2</cusip>
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        <name>Golden West Schools Financing Authority, California, General Obligation Revenue Refunding Bonds, School District Program, Series 1999A</name>
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        <name>San Mateo County Community College District, California, General Obligation Bonds, Election 2014 Series 2018B</name>
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        <name>Temecula Redevelopment Agency, California, Redevelopment Project 1 Tax Allocation Housing Bonds Series 2011A</name>
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        <name>Fontana Unified School District, San Bernardino County, California, General Obligation Bonds, Refunding Series 2012</name>
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      <invstOrSec>
        <name>California Educational Facilities Authority, Revenue Bonds, Chapman University, Series 2015</name>
        <lei>N/A</lei>
        <title>California Educational Facilities Authority, Revenue Bonds, Chapman University, Series 2015</title>
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      <invstOrSec>
        <name>Patterson Public Finance Authority, California, Revenue Bonds, Community Facilities District 2001-1, Subordinate Lien Series 2013B</name>
        <lei>N/A</lei>
        <title>Patterson Public Finance Authority, California, Revenue Bonds, Community Facilities District 2001-1, Subordinate Lien Series 2013B</title>
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          <isin value="US703380CK94"/>
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          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Irvine, California, Special Tax Bonds, Community Facilities District 2013-3 Great Park, Improvement Area 1, Refunding Series 2014</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
        <title>Irvine, California, Special Tax Bonds, Community Facilities District 2013-3 Great Park, Improvement Area 1, Refunding Series 2014</title>
        <cusip>46360TDC4</cusip>
        <identifiers>
          <isin value="US46360TDC45"/>
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        <valUSD>560430.00000000</valUSD>
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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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          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tustin, California,Special Tax Bonds, Community Facilities District 14-1 Tustin Legacy/Standard Pacific, Refunding Series 2015A</name>
        <lei>N/A</lei>
        <title>Tustin, California,Special Tax Bonds, Community Facilities District 14-1 Tustin Legacy/Standard Pacific, Refunding Series 2015A</title>
        <cusip>901047FF2</cusip>
        <identifiers>
          <isin value="US901047FF28"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56886.00000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Metropolitan Water District of Southern California, Water Revenue Bonds, Series 2021A</name>
        <lei>5493003GD0S0P56RLT45</lei>
        <title>Metropolitan Water District of Southern California, Water Revenue Bonds, Series 2021A</title>
        <cusip>59266TTJ0</cusip>
        <identifiers>
          <isin value="US59266TTJ06"/>
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        <balance>11620000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15300054.00000000</valUSD>
        <pctVal>0.614514061442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Stockton Public Financing Authority, California, Revenue Bonds, Arch Road East Community Facility District 99-02, Series 2018A</name>
        <lei>N/A</lei>
        <title>Stockton Public Financing Authority, California, Revenue Bonds, Arch Road East Community Facility District 99-02, Series 2018A</title>
        <cusip>861395HU8</cusip>
        <identifiers>
          <isin value="US861395HU88"/>
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        <balance>2235000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2535026.40000000</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>2043-09-01</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>
        <name>Walnut Valley Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2007 Measure S, Series 2014C</name>
        <lei>N/A</lei>
        <title>Walnut Valley Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2007 Measure S, Series 2014C</title>
        <cusip>932889VP0</cusip>
        <identifiers>
          <isin value="US932889VP06"/>
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        <balance>1395000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1605589.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>
      <invstOrSec>
        <name>West Contra Costa Unified School District, Contra Costa County, California, General Obligation Bonds, Series 2008B</name>
        <lei>N/A</lei>
        <title>West Contra Costa Unified School District, Contra Costa County, California, General Obligation Bonds, Series 2008B</title>
        <cusip>952347TY8</cusip>
        <identifiers>
          <isin value="US952347TY86"/>
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        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1289167.00000000</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>2024-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>San Jose, California, General Obligation Bonds, Disaster Preparedness, Public Safety &amp; Infrastructure, Series 2019A-1</name>
        <lei>549300QHIHSH68W22O38</lei>
        <title>San Jose, California, General Obligation Bonds, Disaster Preparedness, Public Safety &amp; Infrastructure, Series 2019A-1</title>
        <cusip>798135E54</cusip>
        <identifiers>
          <isin value="US798135E546"/>
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        <balance>15400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19286344.00000000</valUSD>
        <pctVal>0.774620114531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Series 2015A</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Series 2015A</title>
        <cusip>38122NZY1</cusip>
        <identifiers>
          <isin value="US38122NZY11"/>
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        <balance>21090000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24896323.20000000</valUSD>
        <pctVal>0.999940306395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Signal Hill Redevelopment Agency, California, Project 1 Tax Allocation Bonds, Series 2011</name>
        <lei>N/A</lei>
        <title>Signal Hill Redevelopment Agency, California, Project 1 Tax Allocation Bonds, Series 2011</title>
        <cusip>826642KB5</cusip>
        <identifiers>
          <isin value="US826642KB56"/>
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        <balance>180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>180799.20000000</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>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</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>
      <invstOrSec>
        <name>Los Angeles County Public Works Financing Authority, California, Lease Revenue Bonds, Series 2019E-1</name>
        <lei>N/A</lei>
        <title>Los Angeles County Public Works Financing Authority, California, Lease Revenue Bonds, Series 2019E-1</title>
        <cusip>54473ETT1</cusip>
        <identifiers>
          <isin value="US54473ETT19"/>
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        <balance>8000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <pctVal>0.411457884465</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Claremont Unified School District, Los Angeles County, California, General Obligation Bonds, Election of 2016, Series 2018</name>
        <lei>N/A</lei>
        <title>Claremont Unified School District, Los Angeles County, California, General Obligation Bonds, Election of 2016, Series 2018</title>
        <cusip>180126VL5</cusip>
        <identifiers>
          <isin value="US180126VL58"/>
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        <balance>2880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3550377.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California State University, Systemwide Revenue Bonds, Refunding Series 2015A</name>
        <lei>N/A</lei>
        <title>California State University, Systemwide Revenue Bonds, Refunding Series 2015A</title>
        <cusip>13077CW83</cusip>
        <identifiers>
          <isin value="US13077CW839"/>
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        <balance>2650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3142661.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lathrop, California, Limited Obligation Improvement Bonds, Crossroads Assessment District, Series 2015</name>
        <lei>N/A</lei>
        <title>Lathrop, California, Limited Obligation Improvement Bonds, Crossroads Assessment District, Series 2015</title>
        <cusip>518252EU1</cusip>
        <identifiers>
          <isin value="US518252EU14"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California State, General Obligation Bonds, Various Purpose Series 2015</name>
        <lei>N/A</lei>
        <title>California State, General Obligation Bonds, Various Purpose Series 2015</title>
        <cusip>13063CUG3</cusip>
        <identifiers>
          <isin value="US13063CUG31"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3504540.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</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>
      <invstOrSec>
        <name>California Housing Finance Agency, Municipal Certificate Revenue Bonds, Class A Series 2019-2</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>California Housing Finance Agency, Municipal Certificate Revenue Bonds, Class A Series 2019-2</title>
        <cusip>13033DAC9</cusip>
        <identifiers>
          <isin value="US13033DAC92"/>
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        <balance>11574026.58000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13672976.30000000</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>2033-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jurupa Community Services District, California, Special Tax Bonds, Community Facilities District 33 Eastvale Area, Series 2014</name>
        <lei>N/A</lei>
        <title>Jurupa Community Services District, California, Special Tax Bonds, Community Facilities District 33 Eastvale Area, Series 2014</title>
        <cusip>482097T44</cusip>
        <identifiers>
          <isin value="US482097T448"/>
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        <balance>3260000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3595486.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>California Health Facilities Financing Authority, Revenue Bonds, El Camino Hospital, Refunding Series 2015A</name>
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        <name>California Health Facilities Financing Authority, Revenue Bonds, Providence Health &amp; Services, Series 2014B</name>
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        <name>Metropolitan Water District of Southern California, Water Revenue Bonds, Series 2021A</name>
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        <name>California State, General Obligation Bonds, Refunding Various Purpose Series 2016</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2019F</name>
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        <name>California State Public Works Board, Lease Revenue Bonds, Department of Corrections &amp; Rehabilitation, Various Correctional Facilities Series 2014A</name>
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      <invstOrSec>
        <name>California State, General Obligation Bonds, Various Purpose Series 2019</name>
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        <title>California State, General Obligation Bonds, Various Purpose Series 2019</title>
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          <isin value="US13063DNH79"/>
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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>Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D</name>
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        <name>Los Angeles, California, Wastewater System Revenue Bonds, Refunding Green Series 2015A</name>
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        <name>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2016B</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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        <name>San Diego County Regional Airport Authority, California, Airport Revenue Bonds, Refunding Subordinate Series 2019A</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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        <name>California Infrastructure and Economic Development Bank, Lease Revenue Bonds, California State Teachers? Retirement System Headquarters Expansion, Gre</name>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Special Facility Revenue Bonds, United Airlines, Inc Los Angeles International Airport Project, Series 2019</name>
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        <name>California School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2016A</name>
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        <name>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Governmental Purpose Second Series 2017B</name>
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        <lei>5493007RI8BUDOGHZ546</lei>
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        <name>Roseville, California, Special Tax Bonds, Community Facilities District 1 Westpark, Refunding Series 2015</name>
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        <name>Golden West Schools Financing Authority, California, General Obligation Revenue Refunding Bonds, School District Program, Series 1999A</name>
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        <name>Vista Community Development Commission Taxable Non-Housing Tax Allocation Revenue Bonds, California, Vista Redevelopment Project, Series 2011</name>
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        <name>Hacienda La Puente Unified School District, Los Angeles County, California, General Obligation Bonds, 2016 Election, Series 2017A</name>
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        <name>Cofina Class 2 Trust Tax-Exempt Class 2047 Unit Exchanged From Cusip 74529JAN5</name>
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        <name>Redwood City School District, San Mateo County, California, General Obligation Bonds, Election 2015 Series 2018</name>
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        <name>Lancaster Redevelopment Agency, California, Tax Allocation Bonds, Combined Fire Protection Facilities Project, Refunding Series 2004</name>
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        <name>San Diego County Regional Transportation Commission, California, Sales Tax Revenue Bonds, Limited Tax Series 2016A</name>
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        <name>Elk Grove Financing Authority, California, Special Tax Revenue Bonds, Series 2015</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 Community Housing Agency, California, Essential Housing Revenue Bonds, Glendale Properties, Junior Series 2021A-2</name>
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        <name>Sacramento Area Flood Control Agency, California, Consolidated Capital Assessment District 2 Bonds, Series 2020</name>
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        <title>Sacramento Area Flood Control Agency, California, Consolidated Capital Assessment District 2 Bonds, Series 2020</title>
        <cusip>785840KT5</cusip>
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          <isin value="US785840KT54"/>
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        <invCountry>US</invCountry>

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        <name>California State Public Works Board, Lease Revenue Bonds, Judicial Council of California, New Stockton Courthouse, Series 2014B</name>
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        <title>California State Public Works Board, Lease Revenue Bonds, Judicial Council of California, New Stockton Courthouse, Series 2014B</title>
        <cusip>13068LNT8</cusip>
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        <invCountry>US</invCountry>

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        <name>Metropolitan Water District of Southern California, Water Revenue Bonds, Refunding Series 2020C</name>
        <lei>5493003GD0S0P56RLT45</lei>
        <title>Metropolitan Water District of Southern California, Water Revenue Bonds, Refunding Series 2020C</title>
        <cusip>59266TSQ5</cusip>
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          <isin value="US59266TSQ57"/>
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        <balance>5000000.00000000</balance>
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        <invCountry>US</invCountry>

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        <name>Beaumont Financing Authority, California, Local Agency Revenue Bonds, Improvement Area 17B, Series 2011A</name>
        <lei>549300T48VOR8NYFNT88</lei>
        <title>Beaumont Financing Authority, California, Local Agency Revenue Bonds, Improvement Area 17B, Series 2011A</title>
        <cusip>074406MX4</cusip>
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        <name>Compton, California, Sewer Revenue Bonds, Refunding Series 1998</name>
        <lei>N/A</lei>
        <title>Compton, California, Sewer Revenue Bonds, Refunding Series 1998</title>
        <cusip>204730BA2</cusip>
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        <name>Whittier City School District, Los Angeles County, California, General Obligation Bonds, 2012 Election Series 2018C</name>
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        <cusip>966765QW2</cusip>
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        <name>San Jose, California, General Obligation Bonds, Disaster Preparedness, Public Safety &amp; Infrastructure, Series 2019A-1</name>
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      <invstOrSec>
        <name>San Diego Public Facilities Financing Authority, California, Water Utility Revenue Bonds, Refunding Subordinate Lien Series 2016B</name>
        <lei>N/A</lei>
        <title>San Diego Public Facilities Financing Authority, California, Water Utility Revenue Bonds, Refunding Subordinate Lien Series 2016B</title>
        <cusip>79730CHE7</cusip>
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      <invstOrSec>
        <name>Moulton Niguel Water District, California, Certificates of Participation, Series 2019</name>
        <lei>N/A</lei>
        <title>Moulton Niguel Water District, California, Certificates of Participation, Series 2019</title>
        <cusip>620220DF7</cusip>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California Municipal Finance Authority, Educational Facilities Revenue Bonds, OCEAA Project, Series 2008A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Educational Facilities Revenue Bonds, OCEAA Project, Series 2008A</title>
        <cusip>130497AM2</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Irvine, California, Limited Obligation Improvement Bonds, Reassessment District 15-2, Series 2015</name>
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      <invstOrSec>
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        <name>CSCDA Community Improvement Authority</name>
        <lei>N/A</lei>
        <title>CSCDA Community Improvement Authority</title>
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          <isin value="US126292AP68"/>
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        <title>California State, General Obligation Bonds, Various Purpose Series 2014</title>
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          <isin value="US13063CKY56"/>
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        <title>California State, General Obligation Bonds, Various Purpose Series 2019</title>
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          <isin value="US13063DNJ36"/>
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        <invCountry>US</invCountry>

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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2016A</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2016A</title>
        <cusip>544495S47</cusip>
        <identifiers>
          <isin value="US544495S475"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Second Subordinate Lien Series  2016B</name>
        <lei>N/A</lei>
        <title>Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Second Subordinate Lien Series  2016B</title>
        <cusip>010869GY5</cusip>
        <identifiers>
          <isin value="US010869GY52"/>
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        <balance>2000000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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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>544525WJ3</cusip>
        <identifiers>
          <isin value="US544525WJ30"/>
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        <balance>10545000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <name>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2019C</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2019C</title>
        <cusip>5444958E7</cusip>
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        <name>California State, General Obligation Bonds, Various Purpose Refunding Series 2016</name>
        <lei>N/A</lei>
        <title>California State, General Obligation Bonds, Various Purpose Refunding Series 2016</title>
        <cusip>13063CC40</cusip>
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        <invCountry>US</invCountry>

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        <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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        <balance>5000000.00000000</balance>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Bell Community Housing Authority, California, Lease Revenue Bonds, Series 2005</name>
        <lei>N/A</lei>
        <title>Bell Community Housing Authority, California, Lease Revenue Bonds, Series 2005</title>
        <cusip>07786TBE0</cusip>
        <identifiers>
          <isin value="US07786TBE01"/>
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        <balance>1655000.00000000</balance>
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        <invCountry>US</invCountry>

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        <name>Vernon Redevelopment Agency, California, Tax Allocation Bonds, Industrial Redevelopment Project, Series 2005</name>
        <lei>N/A</lei>
        <title>Vernon Redevelopment Agency, California, Tax Allocation Bonds, Industrial Redevelopment Project, Series 2005</title>
        <cusip>924402AR1</cusip>
        <identifiers>
          <isin value="US924402AR12"/>
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        <balance>25000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <annualizedRt>5.00000000</annualizedRt>
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        <name>ndio, California, Special Tax Bonds, Community Facilities District 2004-3 Terra Lago, Improvement Area 1, Series 2015</name>
        <lei>N/A</lei>
        <title>ndio, California, Special Tax Bonds, Community Facilities District 2004-3 Terra Lago, Improvement Area 1, Series 2015</title>
        <cusip>455697DL3</cusip>
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        <invCountry>US</invCountry>

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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Rancho Cucamonga Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Rancho Redevelopment Project, Series 2014</name>
        <lei>N/A</lei>
        <title>Rancho Cucamonga Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Rancho Redevelopment Project, Series 2014</title>
        <cusip>75212CAT6</cusip>
        <identifiers>
          <isin value="US75212CAT62"/>
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        <balance>2800000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Victor Valley Union High School District, San Bernardino County, California, General Obligation Bonds, Series 2009A</name>
        <lei>N/A</lei>
        <title>Victor Valley Union High School District, San Bernardino County, California, General Obligation Bonds, Series 2009A</title>
        <cusip>926055GV0</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chula Vista Municipal Finance Authority, California, Special Tax Revenue Bonds, Refunding Series 2013</name>
        <lei>N/A</lei>
        <title>Chula Vista Municipal Finance Authority, California, Special Tax Revenue Bonds, Refunding Series 2013</title>
        <cusip>17131CAP4</cusip>
        <identifiers>
          <isin value="US17131CAP41"/>
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        <balance>1915000.00000000</balance>
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        <curCd>USD</curCd>
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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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          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2017A</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2017A</title>
        <cusip>13032UNY0</cusip>
        <identifiers>
          <isin value="US13032UNY00"/>
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        <balance>10065000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority, California, Measure R Sales Tax Revenue Bonds, Senior Series 2016A</name>
        <lei>54930051IHTXE1N9RB42</lei>
        <title>Los Angeles County Metropolitan Transportation Authority, California, Measure R Sales Tax Revenue Bonds, Senior Series 2016A</title>
        <cusip>54466HDX1</cusip>
        <identifiers>
          <isin value="US54466HDX17"/>
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        <balance>1875000.00000000</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>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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, Senior Lien Series 2015E</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Senior Lien Series 2015E</title>
        <cusip>5444358F0</cusip>
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          <isin value="US5444358F04"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>292320.00000000</valUSD>
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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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          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sacramento Area Flood Control Agency, California, Consolidated Capital Assessment District 2 Bonds, Series 2020</name>
        <lei>N/A</lei>
        <title>Sacramento Area Flood Control Agency, California, Consolidated Capital Assessment District 2 Bonds, Series 2020</title>
        <cusip>785840KW8</cusip>
        <identifiers>
          <isin value="US785840KW83"/>
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        <balance>2000000.00000000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <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>13080SMJ0</cusip>
        <identifiers>
          <isin value="US13080SMJ05"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</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>Menifee Union School District Public Financing Authority, California, Special Tax Revenue Bonds, Series 2016A</name>
        <lei>N/A</lei>
        <title>Menifee Union School District Public Financing Authority, California, Special Tax Revenue Bonds, Series 2016A</title>
        <cusip>58680NBF0</cusip>
        <identifiers>
          <isin value="US58680NBF06"/>
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        <balance>435000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California State, General Obligation Bonds, Various Purpose Series 2013</name>
        <lei>N/A</lei>
        <title>California State, General Obligation Bonds, Various Purpose Series 2013</title>
        <cusip>13063BP63</cusip>
        <identifiers>
          <isin value="US13063BP637"/>
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        <balance>5860000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6309462.00000000</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>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Francisco Bay Area Rapid Transit District, California, General Obligation Bonds, Election of 2016, Green Series 2017A-1</name>
        <lei>549300Y3C3QUMLE3FY58</lei>
        <title>San Francisco Bay Area Rapid Transit District, California, General Obligation Bonds, Election of 2016, Green Series 2017A-1</title>
        <cusip>797661WR2</cusip>
        <identifiers>
          <isin value="US797661WR20"/>
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        <balance>12695000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15808321.80000000</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>2047-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2019A</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2019A</title>
        <cusip>5444956V1</cusip>
        <identifiers>
          <isin value="US5444956V18"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6413000.00000000</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>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Transbay Joint Powers Authority, California, Tax Allocation Bonds, Senior Green Series 2020A</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>Transbay Joint Powers Authority, California, Tax Allocation Bonds, Senior Green Series 2020A</title>
        <cusip>89356CAT3</cusip>
        <identifiers>
          <isin value="US89356CAT36"/>
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        <balance>3120000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3950419.20000000</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>2045-10-01</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>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A</name>
        <lei>N/A</lei>
        <title>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A</title>
        <cusip>745160RD5</cusip>
        <identifiers>
          <isin value="US745160RD51"/>
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        <balance>2250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Diego County Regional Transportation Commission, California, Sales Tax Revenue Bonds, Variable Rate Demand Series 2008C</name>
        <lei>W4FR340A6EQ2SSI17B56</lei>
        <title>San Diego County Regional Transportation Commission, California, Sales Tax Revenue Bonds, Variable Rate Demand Series 2008C</title>
        <cusip>797400FH6</cusip>
        <identifiers>
          <isin value="US797400FH60"/>
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        <balance>36970000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Francisco City and County Public Utilities Commission, California, Water Revenue Bonds, WSIP Green Series 2020A</name>
        <lei>N/A</lei>
        <title>San Francisco City and County Public Utilities Commission, California, Water Revenue Bonds, WSIP Green Series 2020A</title>
        <cusip>79765R5J4</cusip>
        <identifiers>
          <isin value="US79765R5J45"/>
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        <balance>5020000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6537044.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lancaster Redevelopment Agency, California, Tax Allocation Bonds, Combined Area Sheriff's Facilities Projects, Refunding Series 2004</name>
        <lei>N/A</lei>
        <title>Lancaster Redevelopment Agency, California, Tax Allocation Bonds, Combined Area Sheriff's Facilities Projects, Refunding Series 2004</title>
        <cusip>513799WL6</cusip>
        <identifiers>
          <isin value="US513799WL63"/>
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        <balance>1440000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1444737.60000000</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>2023-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>
      <invstOrSec>
        <name>San Clemente, California, Special Tax Revenue Bonds, Community Facilities District 2006-1 Marblehead Coastal, Series 2015</name>
        <lei>N/A</lei>
        <title>San Clemente, California, Special Tax Revenue Bonds, Community Facilities District 2006-1 Marblehead Coastal, Series 2015</title>
        <cusip>797214CF8</cusip>
        <identifiers>
          <isin value="US797214CF87"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>226576.00000000</valUSD>
        <pctVal>0.009100238338</pctVal>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Yosemite Community College District, California, General Obligation Bonds, Refunding Series 2015</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Revenue Bonds, Touro College and University System, Series 2014A</name>
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          <isin value="US13048TSG93"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Second Subordinate Lien Series  2016B</name>
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        <title>Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Second Subordinate Lien Series  2016B</title>
        <cusip>010869HB4</cusip>
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          <isin value="US010869HB41"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2019D</name>
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        <title>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2019D</title>
        <cusip>544445LW7</cusip>
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          <isin value="US544445LW74"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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>
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          <isin value="US13054WAC10"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Benito High School District, San Benito and Santa Clara Counties, California, General Obligation Bonds, 2016 Election Series 2017</name>
        <lei>N/A</lei>
        <title>San Benito High School District, San Benito and Santa Clara Counties, California, General Obligation Bonds, 2016 Election Series 2017</title>
        <cusip>796472CC0</cusip>
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          <isin value="US796472CC06"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Menifee Union School District Public Financing Authority, California, Special Tax Revenue Bonds, Series 2016A</name>
        <lei>N/A</lei>
        <title>Menifee Union School District Public Financing Authority, California, Special Tax Revenue Bonds, Series 2016A</title>
        <cusip>58680NBU7</cusip>
        <identifiers>
          <isin value="US58680NBU72"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <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>California Community Housing Agency, California, Essential Housing Revenue Bonds, Serenity at Larkspur Apartments, Series 2020A</name>
        <lei>N/A</lei>
        <title>California Community Housing Agency, California, Essential Housing Revenue Bonds, Serenity at Larkspur Apartments, Series 2020A</title>
        <cusip>13013FAC8</cusip>
        <identifiers>
          <isin value="US13013FAC86"/>
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        <curCd>USD</curCd>
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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>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pittsburg Unified School District Financing Authority, Contra Costa County, California,  General Obligation Bonds, Pittsburg Unified School District B</name>
        <lei>N/A</lei>
        <title>Pittsburg Unified School District Financing Authority, Contra Costa County, California,  General Obligation Bonds, Pittsburg Unified School District B</title>
        <cusip>724586AT9</cusip>
        <identifiers>
          <isin value="US724586AT95"/>
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        <balance>4000000.00000000</balance>
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      <invstOrSec>
        <name>Lammersville Joint Unified School District, California, Special Tax Bonds, Community Facilities District  2007-1 Mountain House - Shea Homes Improveme</name>
        <lei>N/A</lei>
        <title>Lammersville Joint Unified School District, California, Special Tax Bonds, Community Facilities District  2007-1 Mountain House - Shea Homes Improveme</title>
        <cusip>513533BQ1</cusip>
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          <isin value="US513533BQ15"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Paramount Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2006 Series 2011</name>
        <lei>N/A</lei>
        <title>Paramount Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2006 Series 2011</title>
        <cusip>699211HV3</cusip>
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          <isin value="US699211HV34"/>
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      <invstOrSec>
        <name>California School Finance Authority, Charter School Revenue Bonds, Rocketship Education ? Obligated Group, Series 2016A</name>
        <lei>N/A</lei>
        <title>California School Finance Authority, Charter School Revenue Bonds, Rocketship Education ? Obligated Group, Series 2016A</title>
        <cusip>13058TCQ1</cusip>
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      <invstOrSec>
        <name>California Municipal Finance Authority Charter School Revenue Bonds, Albert Einstein Academies Project, Series 2013A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority Charter School Revenue Bonds, Albert Einstein Academies Project, Series 2013A</title>
        <cusip>13048DAJ7</cusip>
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          <isin value="US13048DAJ72"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2020C</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2020C</title>
        <cusip>544525A32</cusip>
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      <invstOrSec>
        <name>California School Finance Authority, Charter School Revenue Bonds, Downtown College Prep - Obligated Group, Series 2016</name>
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        <title>California School Finance Authority, Charter School Revenue Bonds, Downtown College Prep - Obligated Group, Series 2016</title>
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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>
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        <fairValLevel>2</fairValLevel>
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        <name>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Governmental Purpose Series 2016C</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>California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon Resources Channelside LP Desalination Project, Series 2012</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>Los Angeles, California, Wastewater System Revenue Bonds, Refunding Subordinate Lien Series 2013A</name>
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        <cusip>53945CAS9</cusip>
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        <name>Sacramento County Sanitation Districts Financing Authority, California, Revenue Bonds, Sacramento Regional County Sanitation District, Series 2020A</name>
        <lei>549300MSDPX3EYMUYV38</lei>
        <title>Sacramento County Sanitation Districts Financing Authority, California, Revenue Bonds, Sacramento Regional County Sanitation District, Series 2020A</title>
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        <name>California Community Housing Agency, California, Essential Housing Revenue Bonds, Creekwood, Series 2021A</name>
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        <title>California Community Housing Agency, California, Essential Housing Revenue Bonds, Creekwood, Series 2021A</title>
        <cusip>13013FAJ3</cusip>
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        <name>Metropolitan Water District of Southern California, Water Revenue Bonds, Refunding Series 2020C</name>
        <lei>5493003GD0S0P56RLT45</lei>
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        <cusip>59266TSP7</cusip>
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        <name>California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard Children's Hospital, Series 2014A</name>
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        <cusip>13033L3G0</cusip>
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        <name>Los Angeles Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2008 Series 2018B-1</name>
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        <cusip>5446466V9</cusip>
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        <name>California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A</name>
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        <cusip>13048VBY3</cusip>
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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>Palomar Pomerado Health System, California, Revenue Bonds, Refunding Series 2016</name>
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        <name>Los Angeles County Metropolitan Transportation Authority, California, Measure R Sales Tax Revenue Bonds, Refunding Junior Subordinate Green Series 202</name>
        <lei>54930051IHTXE1N9RB42</lei>
        <title>Los Angeles County Metropolitan Transportation Authority, California, Measure R Sales Tax Revenue Bonds, Refunding Junior Subordinate Green Series 202</title>
        <cusip>54466HJP2</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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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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        <name>California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2020A</name>
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        <name>California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A</name>
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        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Refunding Senior Lien Series 2018B</name>
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      <invstOrSec>
        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018C</name>
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        <name>Yosemite Community College District, California, General Obligation Bonds, Capital Appreciation, Election 2004, Series 2010D</name>
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        <name>San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Junior Lien Series 2014B</name>
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          <isin value="US798111GC88"/>
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        <name>Dublin, California, Special Tax Bonds, Community Facilities District 2015-1 Improvement Area 2 Dublin Crossing, Series 2019</name>
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        <name>California School Finance Authority, California, Charter School Revenue Bonds, Aspire Public Schools, Refunding Series 2016</name>
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        <title>California School Finance Authority, California, Charter School Revenue Bonds, Aspire Public Schools, Refunding Series 2016</title>
        <cusip>13058TLL2</cusip>
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        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2019D</name>
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        <title>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2019D</title>
        <cusip>544445LT4</cusip>
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        <name>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2017A</name>
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        <title>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2017A</title>
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        <name>California Statewide Communities Development Authority, Pollution Control Revenue Bonds, Southern California Edison Company, Series 2006C</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, Pollution Control Revenue Bonds, Southern California Edison Company, Series 2006C</title>
        <cusip>13078HAW2</cusip>
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        <invCountry>US</invCountry>

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        <name>California Statewide Communities Development Authority, Revenue Bonds, John Muir Health, Series 2016A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, Revenue Bonds, John Muir Health, Series 2016A</title>
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        <name>Eastern Municipal Water District Financing Authority, California, Water and Wastewater Revenue Bonds, Series 2015B</name>
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        <cusip>27677SAA1</cusip>
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        <name>Santa Monica Community College District, Los Angeles County, California, General Obligation Bonds, 2016 Election Series 2018A</name>
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        <title>Santa Monica Community College District, Los Angeles County, California, General Obligation Bonds, 2016 Election Series 2018A</title>
        <cusip>802385QT4</cusip>
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        <name>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A</name>
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        <name>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2020A</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2020A</title>
        <cusip>544525ZH4</cusip>
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        <issuerCat>MUN</issuerCat>
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        <name>California Municipal Finance Authority, Revenue Bonds, Goodwill Industries of Sacramento Valley &amp; Northern Nevada Project, Series 2012A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <cusip>13048TNE9</cusip>
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      <invstOrSec>
        <name>Livermore Valley Water Financing Authority, California, Water Revenue Bonds, Series 2018A</name>
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        <title>Livermore Valley Water Financing Authority, California, Water Revenue Bonds, Series 2018A</title>
        <cusip>53833PAY2</cusip>
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      <invstOrSec>
        <name>California Community Housing Agency, California, Essential Housing Revenue Bonds, Stoneridge Apartments, Series 2021A</name>
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        <title>California Community Housing Agency, California, Essential Housing Revenue Bonds, Stoneridge Apartments, Series 2021A</title>
        <cusip>13013FAG9</cusip>
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        <valUSD>2109061.50000000</valUSD>
        <pctVal>0.084708717250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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 Community Housing Agency, Workforce Housing Revenue Bonds, Annadel Apartments, Series 2019A</name>
        <lei>N/A</lei>
        <title>California Community Housing Agency, Workforce Housing Revenue Bonds, Annadel Apartments, Series 2019A</title>
        <cusip>13013HAA8</cusip>
        <identifiers>
          <isin value="US13013HAA86"/>
        </identifiers>
        <balance>21320000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24365562.00000000</valUSD>
        <pctVal>0.978622720152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-04-01</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>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018A</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018A</title>
        <cusip>544445ER6</cusip>
        <identifiers>
          <isin value="US544445ER62"/>
        </identifiers>
        <balance>10800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13280760.00000000</valUSD>
        <pctVal>0.533410781860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-15</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 State, General Obligation Bonds, Various Purpose Series 2021</name>
        <lei>N/A</lei>
        <title>California State, General Obligation Bonds, Various Purpose Series 2021</title>
        <cusip>13063DZX9</cusip>
        <identifiers>
          <isin value="US13063DZX91"/>
        </identifiers>
        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13313900.00000000</valUSD>
        <pctVal>0.534741822652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</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>Acalanes Union High School District, Contra Costa County, California, General Obligation Bonds, Refunding Series 2010A</name>
        <lei>54930048GPZ32VDFID66</lei>
        <title>Acalanes Union High School District, Contra Costa County, California, General Obligation Bonds, Refunding Series 2010A</title>
        <cusip>004284YX7</cusip>
        <identifiers>
          <isin value="US004284YX77"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>951050.00000000</valUSD>
        <pctVal>0.038198139570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</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 Educational Facilities Authority, Revenue Bonds, Pepperdine University, Series 2015</name>
        <lei>N/A</lei>
        <title>California Educational Facilities Authority, Revenue Bonds, Pepperdine University, Series 2015</title>
        <cusip>130179AW4</cusip>
        <identifiers>
          <isin value="US130179AW44"/>
        </identifiers>
        <balance>3915000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4584817.35000000</valUSD>
        <pctVal>0.184145410906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northern California Energy Authority, California, Commodity Supply Revenue Bonds, Series 2018A</name>
        <lei>5493001ZIJGWU7HYLH34</lei>
        <title>Northern California Energy Authority, California, Commodity Supply Revenue Bonds, Series 2018A</title>
        <cusip>664840AD7</cusip>
        <identifiers>
          <isin value="US664840AD77"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>551665.00000000</valUSD>
        <pctVal>0.022157170145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>San Diego County Regional Airport Authority, California, Airport Revenue Bonds, Subordinate Series 2019B</name>
        <lei>N/A</lei>
        <title>San Diego County Regional Airport Authority, California, Airport Revenue Bonds, Subordinate Series 2019B</title>
        <cusip>79739GMD5</cusip>
        <identifiers>
          <isin value="US79739GMD50"/>
        </identifiers>
        <balance>5340000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6547641.00000000</valUSD>
        <pctVal>0.262980605413</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</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>
    </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>2021-05-31</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>
