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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>California State University</name>
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        <name>California State Public Works Board</name>
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      <invstOrSec>
        <name>University of California</name>
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      <invstOrSec>
        <name>Riverside County Transportation Commission Sales Tax</name>
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        <name>East Bay Municipal Utility District Water System</name>
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        <name>State of California</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
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        <name>University of California</name>
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        <name>Chabot-Las Positas Community College District</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>California Educational Facilities Authority</name>
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        <name>Metropolitan Water District of Southern California</name>
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        <name>Southwestern Community College District</name>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <name>California State Public Works Board</name>
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        <name>California State University</name>
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        <name>BlackRock Liquidity Funds</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater Revenue</name>
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        <name>Los Angeles Unified School District</name>
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        <name>Eastern Municipal Water District Financing Authority</name>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <lei>N/A</lei>
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        <lei>N/A</lei>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-10-01</maturityDt>
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        <name>Los Angeles Department of Water &amp; Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <lei>N/A</lei>
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          <isin value="US13063EAQ98"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Eastern Municipal Water District Financing Authority</name>
        <lei>N/A</lei>
        <title>Eastern Municipal Water District Financing Authority, Series 2020A</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>University of California</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>State of California</name>
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        <name>University of California</name>
        <lei>N/A</lei>
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          <isin value="US91412HLM33"/>
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        <name>Poway Unified School District</name>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <name>University of California</name>
        <lei>N/A</lei>
        <title>University of California, Series 2015AO</title>
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        <name>Beverly Hills Unified School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-01</maturityDt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-10-01</maturityDt>
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      <invstOrSec>
        <name>Southern California Public Power Authority</name>
        <lei>5493003B5TD5FWUKMD34</lei>
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          <isin value="US842469CK29"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hillsborough City School District</name>
        <lei>N/A</lei>
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          <isin value="US432272CJ94"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
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          <isin value="US13063DJ412"/>
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        <balance>10400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10748648.56000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063DVB18"/>
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        <balance>2915000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3230866.49000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
        <title>University of California, Series 2018AZ</title>
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          <isin value="US91412HAZ64"/>
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        <balance>5630000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5937684.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Marcos Unified School District</name>
        <lei>N/A</lei>
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          <isin value="US798755DG62"/>
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        <balance>565000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>341487.47000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Upper Santa Clara Valley Joint Powers Authority</name>
        <lei>N/A</lei>
        <title>Upper Santa Clara Valley Joint Powers Authority, Series 2020A</title>
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          <isin value="US916544EM75"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1101086.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Riverside Community College District</name>
        <lei>N/A</lei>
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          <isin value="US76886PJJ30"/>
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        <balance>2040000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1904169.25000000</valUSD>
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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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          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Bay Area Toll Authority</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>Bay Area Toll Authority, Series 2017F-1</title>
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          <isin value="US072024UH32"/>
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        <balance>1405000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1488726.48000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063DWA26"/>
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        <balance>1500000.00000000</balance>
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        <valUSD>1221933.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>City of San Jose</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-09-01</maturityDt>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
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          <maturityDt>2032-10-01</maturityDt>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2021A</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-07-01</maturityDt>
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        <name>Alhambra Unified School District</name>
        <lei>N/A</lei>
        <title>Alhambra Unified School District, Series B</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
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          <isin value="US13063DZK70"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>State of California</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>University of California</name>
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        <name>Long Beach Unified School District</name>
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        <name>Los Angeles County Public Works Financing Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>University of California</name>
        <lei>N/A</lei>
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          <isin value="US91412HND16"/>
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        <name>Palo Alto Unified School District</name>
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        <name>State of California</name>
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        <name>Foothill-De Anza Community College District</name>
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        <name>California State Public Works Board</name>
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        <name>East Bay Municipal Utility District Water System</name>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>California State University</name>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>Los Angeles County Public Works Financing Authority</name>
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        <name>Metropolitan Water District of Southern California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Foothill-De Anza Community College District</name>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <name>Municipal Improvement Corp. of Los Angeles</name>
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        <name>California State University</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>California State University</name>
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        <name>Orange County Local Transportation Authority Sales Tax</name>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <name>University of California</name>
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        <name>State of California</name>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Clovis Unified School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-08-01</maturityDt>
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      <invstOrSec>
        <name>Sacramento Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
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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>Long Beach Community College District</name>
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          <isin value="US542411ND12"/>
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        <balance>300000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-01</maturityDt>
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      <invstOrSec>
        <name>Chabot-Las Positas Community College District</name>
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          <isin value="US15722TKB60"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Diego County Regional Airport Authority</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Jose Evergreen Community College District</name>
        <lei>5493006H31JIFYW6Z091</lei>
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          <isin value="US798189QY53"/>
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        <balance>1250000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Bay Area Toll Authority</name>
        <lei>5493001FUZGUQMIP5D78</lei>
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          <isin value="US072024UR14"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.12500000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
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        <balance>1535000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
        <title>California State Public Works Board, Series B</title>
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          <isin value="US13068XJB64"/>
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        <balance>235000.00000000</balance>
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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>San Juan Unified School District</name>
        <lei>N/A</lei>
        <title>San Juan Unified School District, Series 2022</title>
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        <balance>1095000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063D7S17"/>
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        <balance>3000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Santa Monica Community College District</name>
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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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        <name>California State Public Works Board</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California, Series 2024</title>
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          <isin value="US13063EBB11"/>
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        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District, Series 2020D-2</title>
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        <balance>5085000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
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        <balance>6020000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>San Joaquin County Transportation Authority Measure K Sales Tax</name>
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        <name>State of California Department of Water Resources</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Diego Public Facilities Financing Authority</name>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Santa Clara Valley Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sunnyvale School District</name>
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      <invstOrSec>
        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California Department of Water Resources</name>
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        <name>San Diego Unified School District</name>
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        <name>State of California</name>
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        <name>Riverside County Transportation Commission</name>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <name>San Francisco Bay Area Rapid Transit District</name>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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        <name>University of California</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Bay Area Toll Authority</name>
        <lei>5493001FUZGUQMIP5D78</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>State of California</name>
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          <isin value="US13063CYE47"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Port of Los Angeles</name>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alameda Corridor Transportation Authority</name>
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        <curCd>USD</curCd>
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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>Los Angeles Unified School District</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sacramento City Unified School District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Foothill-Eastern Transportation Corridor Agency</name>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1505154.15000000</valUSD>
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        <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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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
        <title>University of California, Series 2024BV</title>
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          <isin value="US91412HRS49"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
        <title>Los Angeles County Metropolitan Transportation Authority Sales Tax, Series 2021A</title>
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          <isin value="US54466HLN43"/>
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        <balance>2020000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alameda Corridor Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Riverside County Transportation Commission Sales Tax</name>
        <lei>N/A</lei>
        <title>Riverside County Transportation Commission Sales Tax, Series 2017B</title>
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          <isin value="US769125GY53"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>San Mateo County Community College District</name>
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          <isin value="US799038GK45"/>
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        <fairValLevel>2</fairValLevel>
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        <name>San Diego Unified School District</name>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <title>Los Angeles County Metropolitan Transportation Authority Sales Tax, Series 2020A</title>
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        <name>San Diego Unified School District</name>
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      <invstOrSec>
        <name>California Educational Facilities Authority</name>
        <lei>N/A</lei>
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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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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>San Mateo County Community College District</name>
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        <name>Chabot-Las Positas Community College District</name>
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        <name>University of California</name>
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        <name>State of California</name>
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        <name>State of California</name>
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        <name>University of California</name>
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        <name>San Diego Unified School District</name>
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        <name>Long Beach Unified School District</name>
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        <name>California State University</name>
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        <name>San Francisco Bay Area Rapid Transit District</name>
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        <name>California State University</name>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <name>State of California</name>
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        <name>California State Public Works Board</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Imperial Irrigation District Electric System</name>
        <lei>N/A</lei>
        <title>Imperial Irrigation District Electric System, Series 2016B-1</title>
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          <isin value="US452650HH00"/>
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        <valUSD>513972.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District, Series SR-1</title>
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          <isin value="US7973554M37"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>508324.90000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Los Angeles County Facilities, Inc.</name>
        <lei>N/A</lei>
        <title>Los Angeles County Facilities, Inc., Series 2018A</title>
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          <isin value="US54531FAS02"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1058125.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Water District of Southern California</name>
        <lei>5493003GD0S0P56RLT45</lei>
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          <isin value="US59266TQW44"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>126721.70000000</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>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Glendale Community College District</name>
        <lei>N/A</lei>
        <title>Glendale Community College District, Series B</title>
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          <isin value="US378394HZ63"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>414908.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
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          <isin value="US13063DQS08"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1885949.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alameda Corridor Transportation Authority</name>
        <lei>N/A</lei>
        <title>Alameda Corridor Transportation Authority, Series C</title>
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          <isin value="US010869MM41"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1273445.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-10-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
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          <isin value="US13063DD886"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>325877.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2020A</title>
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          <isin value="US544647CJ78"/>
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        <balance>875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>954805.08000000</valUSD>
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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>San Diego Unified School District</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District, Series 2024ZR-5A</title>
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        <balance>1660000.00000000</balance>
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        <curCd>USD</curCd>
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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>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
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          <isin value="US13063EDY95"/>
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        <balance>3130000.00000000</balance>
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        <valUSD>3130351.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Joaquin Hills Transportation Corridor Agency</name>
        <lei>N/A</lei>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>690959.85000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>University of California</name>
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        <cusip>91412G2L8</cusip>
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      <invstOrSec>
        <name>California State University</name>
        <lei>N/A</lei>
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          <isin value="US13077C3J14"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Sacramento Municipal Utility District</name>
        <lei>E3GSVR6ZOU1MX2V7HF33</lei>
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          <isin value="US786005K641"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5564762.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Community College District</name>
        <lei>N/A</lei>
        <title>Los Angeles Community College District, Series D</title>
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          <isin value="US54438CB506"/>
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        <balance>10000000.00000000</balance>
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        <valUSD>10682923.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <name>San Francisco City &amp; County Public Utilities Commission Power</name>
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        <name>Desert Community College District</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
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        <name>State of California</name>
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        <name>California State Public Works Board</name>
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        <name>Elk Grove Unified School District</name>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bay Area Toll Authority</name>
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        <name>Westminster School District</name>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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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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        <name>Chaffey Joint Union High School District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Southern California Public Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
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        <name>University of California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
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        <name>University of California</name>
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        <name>Chino Valley Unified School District</name>
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        <name>State of California</name>
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      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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        <name>University of California</name>
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        <name>Los Angeles Unified School District</name>
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        <name>California State University</name>
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        <name>Alvord Unified School District</name>
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        <name>Peninsula Corridor Joint Powers Board Measure RR Sales Tax</name>
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        <name>State of California</name>
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        <name>Rio Hondo Community College District</name>
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        <name>University of California</name>
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        <name>California State Public Works Board</name>
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        <name>State of California Department of Water Resources</name>
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      <invstOrSec>
        <name>Campbell Union High School District</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <name>Los Angeles County Public Works Financing Authority</name>
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        <name>California State University</name>
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        <name>Foothill-Eastern Transportation Corridor Agency</name>
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        <name>Los Angeles Unified School District</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Long Beach Unified School District</name>
        <lei>N/A</lei>
        <title>Long Beach Unified School District, Series D-1</title>
        <cusip>542433QM2</cusip>
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          <isin value="US542433QM20"/>
          <other otherDesc="Inhouse Asset ID" value="542433QM2"/>
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        <balance>5290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3099323.19000000</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>2037-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DLG1</cusip>
        <identifiers>
          <isin value="US13063DLG15"/>
          <other otherDesc="Inhouse Asset ID" value="13063DLG1"/>
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        <balance>2175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2431716.12000000</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>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Alameda Corridor Transportation Authority</name>
        <lei>N/A</lei>
        <title>Alameda Corridor Transportation Authority, Series 2016B</title>
        <cusip>010869GZ2</cusip>
        <identifiers>
          <isin value="US010869GZ28"/>
          <other otherDesc="Inhouse Asset ID" value="010869GZ2"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2046565.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>East Bay Municipal Utility District Water System</name>
        <lei>N/A</lei>
        <title>East Bay Municipal Utility District Water System, Series 2017A</title>
        <cusip>271014D41</cusip>
        <identifiers>
          <isin value="US271014D418"/>
          <other otherDesc="Inhouse Asset ID" value="271014D41"/>
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        <balance>5460000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5707752.96000000</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>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Sacramento</name>
        <lei>N/A</lei>
        <title>County of Sacramento Airport System, Series A</title>
        <cusip>786107PC0</cusip>
        <identifiers>
          <isin value="US786107PC05"/>
          <other otherDesc="Inhouse Asset ID" value="786107PC0"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1026330.60000000</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>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>Los Angeles Department of Water &amp; Power, Series 2024D</title>
        <cusip>544532NG5</cusip>
        <identifiers>
          <isin value="US544532NG50"/>
          <other otherDesc="Inhouse Asset ID" value="544532NG5"/>
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        <balance>6750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7600682.25000000</valUSD>
        <pctVal>0.219640864929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Norman Y Mineta San Jose International Airport SJC</name>
        <lei>N/A</lei>
        <title>Norman Y Mineta San Jose International Airport SJC, Series 2017B</title>
        <cusip>798136WT0</cusip>
        <identifiers>
          <isin value="US798136WT07"/>
          <other otherDesc="Inhouse Asset ID" value="798136WT0"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2064918.20000000</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>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Orange County Community College District</name>
        <lei>N/A</lei>
        <title>North Orange County Community College District, Series C</title>
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        <identifiers>
          <isin value="US661334GL05"/>
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        <balance>2100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2156962.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District, Series 2015R-4</title>
        <cusip>7973552E3</cusip>
        <identifiers>
          <isin value="US7973552E39"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>182297.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063D3J5</cusip>
        <identifiers>
          <isin value="US13063D3J53"/>
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        <balance>3275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3378865.97000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Foothill-De Anza Community College District</name>
        <lei>N/A</lei>
        <title>Foothill-De Anza Community College District, Series 2003B</title>
        <cusip>345102JC2</cusip>
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          <isin value="US345102JC29"/>
          <other otherDesc="Inhouse Asset ID" value="345102JC2"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1481366.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DXD5</cusip>
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          <isin value="US13063DXD55"/>
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        <balance>2500000.00000000</balance>
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        <valUSD>2598484.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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        <cusip>13063CYG9</cusip>
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          <isin value="US13063CYG94"/>
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        <valUSD>3554228.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mount San Antonio Community College District</name>
        <lei>N/A</lei>
        <title>Mount San Antonio Community College District, Series 2013A</title>
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          <isin value="US623040FV90"/>
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        <balance>5025000.00000000</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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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.87499840</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles County Sanitation Districts Financing Authority</name>
        <lei>N/A</lei>
        <title>Los Angeles County Sanitation Districts Financing Authority, Series 2015A</title>
        <cusip>545149JP2</cusip>
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          <isin value="US545149JP24"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>508093.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>Los Angeles Department of Water &amp; Power, Series 2022A</title>
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          <isin value="US544532ED21"/>
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        <balance>2480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2695151.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Riverside Unified School District</name>
        <lei>N/A</lei>
        <title>Riverside Unified School District, Series B</title>
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          <isin value="US769059ZV12"/>
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        <balance>1000000.00000000</balance>
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        <name>North Orange County Community College District</name>
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        <name>Poway Unified School District</name>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bay Area Toll Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Southern California Public Power Authority</name>
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        <name>California State Public Works Board</name>
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        <name>City of Sacramento</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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      <invstOrSec>
        <name>Los Angeles County Public Works Financing Authority</name>
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        <name>State of California</name>
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        <name>State of California</name>
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        <name>California State Public Works Board</name>
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          <isin value="US13068L4L68"/>
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        <name>California State Public Works Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Los Angeles Department of Airports</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>West Valley-Mission Community College District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lodi Unified School District</name>
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        <name>Hayward Unified School District</name>
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        <name>Los Angeles Unified School District</name>
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        <name>East Bay Municipal Utility District Water System</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>Metropolitan Water District of Southern California</name>
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        <name>Glendale Unified School District</name>
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        <name>California State University</name>
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        <name>California Educational Facilities Authority</name>
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        <name>Poway Unified School District</name>
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        <name>University of California</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <valUSD>2890691.33000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Southwestern Community College District</name>
        <lei>N/A</lei>
        <title>Southwestern Community College District, Series C</title>
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          <isin value="US845389EX97"/>
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        <valUSD>406280.70000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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        <name>North Orange County Community College District</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of California</name>
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        <curCd>USD</curCd>
        <valUSD>834206.16000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Long Beach</name>
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        <curCd>USD</curCd>
        <valUSD>1558272.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>1250140.38000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Los Angeles County Facilities, Inc.</name>
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        <cusip>54531FAT8</cusip>
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          <isin value="US54531FAT84"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>503171.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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      <invstOrSec>
        <name>California School Facilities Financing Authority</name>
        <lei>N/A</lei>
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        <balance>13245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3929604.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2024QRR</title>
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        <balance>2000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Elk Grove Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>University of California</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Coast Community College District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Irvine Ranch Water District Water Service Corp.</name>
        <lei>2ZRS7W19IBMY48SFBI68</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <title>Los Angeles Department of Water &amp; Power Water System, Series 2020A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
        <title>University of California, Series 2020BE</title>
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        <valUSD>1043226.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <name>University of California</name>
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      <invstOrSec>
        <name>Riverside County Transportation Commission Sales Tax</name>
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        <name>University of California</name>
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        <name>University of California</name>
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      <invstOrSec>
        <name>South San Francisco Unified School District</name>
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        <name>University of California</name>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <name>East Bay Municipal Utility District Water System</name>
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        <name>Northern California Sanitation Agencies Financing Authority</name>
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      <invstOrSec>
        <name>Poway Unified School District</name>
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        <name>El Camino Community College District Fountation (The)</name>
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        <name>Coast Community College District</name>
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        <name>Ohlone Community College District</name>
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        <name>Santa Monica Community College District</name>
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        <name>Desert Sands Unified School District</name>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
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          <isin value="US91412GX832"/>
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        <curCd>USD</curCd>
        <valUSD>5238840.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
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          <isin value="US797355Q313"/>
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        <curCd>USD</curCd>
        <valUSD>1491344.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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      <invstOrSec>
        <name>City of Riverside</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Bay Area Toll Authority</name>
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          <isin value="US072024YV89"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4499798.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
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          <isin value="US544445QB82"/>
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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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        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
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        <balance>2780000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <name>California State University</name>
        <lei>N/A</lei>
        <title>California State University, Series 2017A</title>
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          <isin value="US13077DAV47"/>
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        <balance>485000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>509241.51000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Los Angeles County Public Works Financing Authority</name>
        <lei>N/A</lei>
        <title>Los Angeles County Public Works Financing Authority, Series 2019E-1</title>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
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        <valUSD>476342.73000000</valUSD>
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          <couponKind>Fixed</couponKind>
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        <name>City &amp; County of San Francisco</name>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>Menlo Park City School District</name>
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          <isin value="US586840JJ02"/>
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        <balance>435000.00000000</balance>
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          <couponKind>Variable</couponKind>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <title>Los Angeles County Metropolitan Transportation Authority Sales Tax, Series 2020A</title>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>San Diego County Regional Transportation Commission</name>
        <lei>W4FR340A6EQ2SSI17B56</lei>
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          <isin value="US797400PK89"/>
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        <invCountry>US</invCountry>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2019A</title>
        <cusip>544647AU4</cusip>
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          <isin value="US544647AU42"/>
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        <balance>1170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1247652.55000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>California State University</name>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <name>California State University</name>
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        <name>Bay Area Toll Authority</name>
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        <name>State of California</name>
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        <name>Coast Community College District</name>
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        <name>Coast Community College District</name>
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        <name>California Educational Facilities Authority</name>
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        <name>Fremont Union High School District</name>
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        <name>University of California</name>
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        <name>City of Los Angeles</name>
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        <name>William S Hart Union High School District</name>
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        <name>University of California</name>
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        <name>Mountain View-Whisman School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Coast Community College District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Unified School District</name>
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        <name>University of California</name>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>San Diego Unified School District</name>
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        <name>California Educational Facilities Authority</name>
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        <name>Alameda County Transportation Commission</name>
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        <name>Los Angeles Unified School District</name>
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        <name>State of California</name>
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        <name>California State University</name>
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        <name>Los Angeles Community College District</name>
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        <name>University of California</name>
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        <name>Poway Unified School District</name>
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        <name>State of California</name>
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        <name>Bay Area Toll Authority</name>
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        <name>Corona-Norco Unified School District</name>
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        <name>Los Angeles Unified School District</name>
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        <name>Southern California Public Power Authority</name>
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        <name>City of San Francisco</name>
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        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
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      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>San Francisco City &amp; County Airport Comm-San Francisco International Airport, Series 2024B</title>
        <cusip>79766DXD6</cusip>
        <identifiers>
          <isin value="US79766DXD64"/>
          <other otherDesc="Inhouse Asset ID" value="79766DXD6"/>
        </identifiers>
        <balance>4180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4666702.48000000</valUSD>
        <pctVal>0.134856126774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-01</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>San Francisco Bay Area Rapid Transit District Sales Tax Revenue</name>
        <lei>N/A</lei>
        <title>San Francisco Bay Area Rapid Transit District Sales Tax, Series 2015A</title>
        <cusip>797669WB0</cusip>
        <identifiers>
          <isin value="US797669WB04"/>
          <other otherDesc="Inhouse Asset ID" value="797669WB0"/>
        </identifiers>
        <balance>5765000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5838630.58000000</valUSD>
        <pctVal>0.168721942111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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 University</name>
        <lei>N/A</lei>
        <title>California State University, Series 2016A</title>
        <cusip>13077C3S1</cusip>
        <identifiers>
          <isin value="US13077C3S13"/>
          <other otherDesc="Inhouse Asset ID" value="13077C3S1"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3037242.60000000</valUSD>
        <pctVal>0.087768777817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>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>University of California</name>
        <lei>N/A</lei>
        <title>University of California, Series 2018O</title>
        <cusip>91412HCK7</cusip>
        <identifiers>
          <isin value="US91412HCK77"/>
          <other otherDesc="Inhouse Asset ID" value="91412HCK7"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>521704.80000000</valUSD>
        <pctVal>0.015075974727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</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>Metropolitan Water District of Southern California</name>
        <lei>5493003GD0S0P56RLT45</lei>
        <title>Metropolitan Water District of Southern California, Series 2019A</title>
        <cusip>59266TQH7</cusip>
        <identifiers>
          <isin value="US59266TQH76"/>
          <other otherDesc="Inhouse Asset ID" value="59266TQH7"/>
        </identifiers>
        <balance>2020000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2205143.50000000</valUSD>
        <pctVal>0.063723177696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</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>
      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063CVP2</cusip>
        <identifiers>
          <isin value="US13063CVP21"/>
          <other otherDesc="Inhouse Asset ID" value="13063CVP2"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1014741.60000000</valUSD>
        <pctVal>0.029323515359</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</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>City of San Francisco</name>
        <lei>N/A</lei>
        <title>City of San Francisco, Series 2020B</title>
        <cusip>79765R5L9</cusip>
        <identifiers>
          <isin value="US79765R5L90"/>
          <other otherDesc="Inhouse Asset ID" value="79765R5L9"/>
        </identifiers>
        <balance>3600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3745863.72000000</valUSD>
        <pctVal>0.108246170581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Los Angeles Community College District</name>
        <lei>N/A</lei>
        <title>Los Angeles Community College District, Series E</title>
        <cusip>54438CF23</cusip>
        <identifiers>
          <isin value="US54438CF234"/>
          <other otherDesc="Inhouse Asset ID" value="54438CF23"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5571774.00000000</valUSD>
        <pctVal>0.161010448838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</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>Bay Area Toll Authority</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>Bay Area Toll Authority, Series 2019S-8</title>
        <cusip>072024WG3</cusip>
        <identifiers>
          <isin value="US072024WG31"/>
          <other otherDesc="Inhouse Asset ID" value="072024WG3"/>
        </identifiers>
        <balance>5085000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4204569.37000000</valUSD>
        <pctVal>0.121501626131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</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 Water &amp; Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>Los Angeles Department of Water &amp; Power, Series 2020A</title>
        <cusip>544532AT1</cusip>
        <identifiers>
          <isin value="US544532AT19"/>
          <other otherDesc="Inhouse Asset ID" value="544532AT1"/>
        </identifiers>
        <balance>3645000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3784736.91000000</valUSD>
        <pctVal>0.109369509354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</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>
      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DVC9</cusip>
        <identifiers>
          <isin value="US13063DVC90"/>
          <other otherDesc="Inhouse Asset ID" value="13063DVC9"/>
        </identifiers>
        <balance>3815000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3968747.17000000</valUSD>
        <pctVal>0.114686949464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-01</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>Peninsula Corridor Joint Powers Board Measure RR Sales Tax Revenue</name>
        <lei>N/A</lei>
        <title>Peninsula Corridor Joint Powers Board Measure RR Sales Tax, Series 2022A</title>
        <cusip>707121AV1</cusip>
        <identifiers>
          <isin value="US707121AV15"/>
          <other otherDesc="Inhouse Asset ID" value="707121AV1"/>
        </identifiers>
        <balance>1190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1283501.63000000</valUSD>
        <pctVal>0.037090013617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</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>County of Sacramento Airport System Revenue</name>
        <lei>N/A</lei>
        <title>County of Sacramento Airport System, Series 2024</title>
        <cusip>786107VB5</cusip>
        <identifiers>
          <isin value="US786107VB57"/>
          <other otherDesc="Inhouse Asset ID" value="786107VB5"/>
        </identifiers>
        <balance>7250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7961365.65000000</valUSD>
        <pctVal>0.230063720580</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</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>
      <invstOrSec>
        <name>Cerritos Community College District</name>
        <lei>N/A</lei>
        <title>Cerritos Community College District, Series 2019C</title>
        <cusip>156792KD4</cusip>
        <identifiers>
          <isin value="US156792KD47"/>
          <other otherDesc="Inhouse Asset ID" value="156792KD4"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>217509.43000000</valUSD>
        <pctVal>0.006285483034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</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="Monthly returns presented in B.5.a have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>





    </explntrNotes>
    <signature>
      <ncom:dateSigned>2024-11-30</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
