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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HAYWARD 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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      <invstOrSec>
        <name>HAYWARD UNIFIED SCHOOL DISTRICT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PERRIS CALIF UN HIGH SCH DIST</name>
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          <isin value="US71440PBR38"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PLEASANT VALLEY CALIF SCH DIST</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>PERRIS CALIF UN HIGH SCH DIST</name>
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          <isin value="US714398KN31"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>PERRIS CALIF UN HIGH SCH DIST</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PERRIS CALIF UN HIGH SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PERRIS CALIF UN HIGH SCH DIST</name>
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          <isin value="US714398KQ61"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PERALTA CALIF CMNTY COLLEGE DIST</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PENINSULA CORRIDOR JT PWRS BRD CALIF</name>
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          <isin value="US707120CC33"/>
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        <name>RIVER ISLANDS PUB FING AUTH CALIF</name>
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        <name>ANTELOPE VLY CA CCD</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>BAY AREA TOLL AUTHORITY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BURBANK CALIF UNI SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHINO HILLS CALIF FING AUTH</name>
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      <invstOrSec>
        <name>CHINO HILLS CALIF FING AUTH</name>
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          <isin value="US16957RCE71"/>
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      <invstOrSec>
        <name>CHINO HILLS CALIF FING AUTH</name>
        <lei>N/A</lei>
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          <isin value="US16957RCF47"/>
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        <name>CHINO HILLS CALIF FING AUTH</name>
        <lei>N/A</lei>
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          <isin value="US16957RCD98"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CLOVIS CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>CLOVIS UNIFIED SCHOOL DISTRICT NATL 0.0% 08-01-30</title>
        <cusip>189342WE4</cusip>
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          <isin value="US189342WE48"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA INFRASTRUCTURE &amp; ECONOMIC DEVELOPMENT BANK</name>
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        <cusip>13034AF88</cusip>
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          <isin value="US13034AF888"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
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        <cusip>13063DTB4</cusip>
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          <isin value="US13063DTB46"/>
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        <balance>750000.000000000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA CNTY CALIF TOB SEC</name>
        <lei>N/A</lei>
        <title>LOS ANGELES COUNTY SECURITIZATION CORP 5.0% 06-01-26</title>
        <cusip>13016NEJ9</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <cusip>13048RAC1</cusip>
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        <name>DEPARTMENT OF VETERANS AFFAIRS VETERAN'S FARM &amp; HOME PURCHASE PROGRAM</name>
        <lei>N/A</lei>
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        <cusip>130658QW0</cusip>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
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        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.25% 11-01-54</title>
        <cusip>13013JDG8</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>EPISCOPAL COMMUNITIES &amp; SERVICES FOR SENIORS OBLIGATED GROUP 3.85% 11-15-27</title>
        <cusip>13032UJ82</cusip>
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        <balance>1520000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1520571.520000000019</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.850000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 05-01-54</title>
        <cusip>13013JDR4</cusip>
        <identifiers>
          <isin value="US13013JDR41"/>
          <other otherDesc="CG Symbol" value="FXC158933"/>
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        <balance>3000000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3219654.000000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>PLACER 712 LP HUD SECT 8 (MPT) 3.2% 09-01-45</title>
        <cusip>130483GH7</cusip>
        <identifiers>
          <isin value="US130483GH71"/>
          <other otherDesc="CG Symbol" value="FXC159461"/>
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        <balance>3420000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3430458.359999999870</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>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.200000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CORONA-NORCO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>CORONA-NORCO UNIFIED SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 05-1 5.0% 09-01-36</title>
        <cusip>219766MU3</cusip>
        <identifiers>
          <isin value="US219766MU34"/>
          <other otherDesc="CG Symbol" value="FXC16010"/>
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        <balance>2010000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2028883.949999999953</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>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMPTON COMMUNITY COLLEGE DISTRICT</name>
        <lei>N/A</lei>
        <title>COMPTON COMMUNITY COLLEGE DISTRICT BAM 5.0% 08-01-35</title>
        <cusip>204709KN8</cusip>
        <identifiers>
          <isin value="US204709KN86"/>
          <other otherDesc="CG Symbol" value="FXC160108"/>
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        <balance>625000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>752072.500000000000</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>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMPTON COMMUNITY COLLEGE DISTRICT</name>
        <lei>N/A</lei>
        <title>COMPTON COMMUNITY COLLEGE DISTRICT BAM 5.0% 08-01-37</title>
        <cusip>204709KQ1</cusip>
        <identifiers>
          <isin value="US204709KQ18"/>
          <other otherDesc="CG Symbol" value="FXC160109"/>
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        <balance>855000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1008059.540000000037</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>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMPTON COMMUNITY COLLEGE DISTRICT</name>
        <lei>N/A</lei>
        <title>COMPTON COMMUNITY COLLEGE DISTRICT BAM 5.0% 08-01-36</title>
        <cusip>204709KP3</cusip>
        <identifiers>
          <isin value="US204709KP35"/>
          <other otherDesc="CG Symbol" value="FXC160113"/>
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        <balance>795000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>947839.550000000047</valUSD>
        <pctVal>0.1329962002</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>RADY CHILDREN'S HOSPITAL OBLIGATED GROUP 5.0% 08-15-28</title>
        <cusip>13080SLZ5</cusip>
        <identifiers>
          <isin value="US13080SLZ55"/>
          <other otherDesc="CG Symbol" value="FXC16692"/>
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        <balance>860000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>925093.400000000023</valUSD>
        <pctVal>0.1298045719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATE UNIVERSITY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA STATE UNIVERSITY 5.0% 11-01-27</title>
        <cusip>13077DTV4</cusip>
        <identifiers>
          <isin value="US13077DTV46"/>
          <other otherDesc="CG Symbol" value="FXC167389"/>
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        <balance>1040000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1096683.120000000112</valUSD>
        <pctVal>0.1538812004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATE UNIVERSITY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA STATE UNIVERSITY (MPT) 0.55% 11-01-49</title>
        <cusip>13077C4K7</cusip>
        <identifiers>
          <isin value="US13077C4K77"/>
          <other otherDesc="CG Symbol" value="FXC16821"/>
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        <balance>1980000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1948068.540000000037</valUSD>
        <pctVal>0.2733434298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.550000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>AMERICAN HERITAGE 4.0% 06-01-26</title>
        <cusip>13049AAE3</cusip>
        <identifiers>
          <isin value="US13049AAE38"/>
          <other otherDesc="CG Symbol" value="FXC17307"/>
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        <balance>45000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45006.889999999999</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 08-01-29</title>
        <cusip>13063EDB9</cusip>
        <identifiers>
          <isin value="US13063EDB92"/>
          <other otherDesc="CG Symbol" value="FXC181637"/>
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        <balance>500000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>550146.500000000000</valUSD>
        <pctVal>0.0771938606</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>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 08-01-29</title>
        <cusip>13063ECJ3</cusip>
        <identifiers>
          <isin value="US13063ECJ38"/>
          <other otherDesc="CG Symbol" value="FXC181661"/>
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        <balance>500000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>550146.500000000000</valUSD>
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        <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>5.000000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>ESKATON PROPERTIES INC OBLIGATED GROUP 5.0% 11-15-30</title>
        <cusip>13048VY69</cusip>
        <identifiers>
          <isin value="US13048VY695"/>
          <other otherDesc="CG Symbol" value="FXC181901"/>
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        <balance>1050000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1143119.250000000000</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>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>ESKATON PROPERTIES INC OBLIGATED GROUP 5.0% 11-15-31</title>
        <cusip>13048VY77</cusip>
        <identifiers>
          <isin value="US13048VY778"/>
          <other otherDesc="CG Symbol" value="FXC181903"/>
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        <balance>1105000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1218559.750000000000</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>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 08-01-55</title>
        <cusip>13013JEB8</cusip>
        <identifiers>
          <isin value="US13013JEB89"/>
          <other otherDesc="CG Symbol" value="FXC183323"/>
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        <balance>7795000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8268281.219999999739</valUSD>
        <pctVal>1.1601646971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUNICIPAL FINANCE AUTHORITY COMMUNITY FACILITIES DISTRICT NO 2022-8 5.0% 09-01-39</title>
        <cusip>13051AJN9</cusip>
        <identifiers>
          <isin value="US13051AJN90"/>
          <other otherDesc="CG Symbol" value="FXC183885"/>
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        <balance>680000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>716492.199999999953</valUSD>
        <pctVal>0.1005346739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUNICIPAL FINANCE AUTHORITY COMMUNITY FACILITIES DISTRICT NO 2022-8 4.0% 09-01-34</title>
        <cusip>13051AJM1</cusip>
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          <isin value="US13051AJM18"/>
          <other otherDesc="CG Symbol" value="FXC183886"/>
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        <balance>350000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>356533.099999999977</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>PRS-CALIFORNIA OBLIGATED GROUP 5.0% 04-01-31</title>
        <cusip>13048V2G2</cusip>
        <identifiers>
          <isin value="US13048V2G27"/>
          <other otherDesc="CG Symbol" value="FXC183973"/>
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        <balance>210000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>230099.940000000002</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>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>PRS-CALIFORNIA OBLIGATED GROUP 5.0% 04-01-30</title>
        <cusip>13048V2F4</cusip>
        <identifiers>
          <isin value="US13048V2F44"/>
          <other otherDesc="CG Symbol" value="FXC183974"/>
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        <balance>200000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>216262.799999999988</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>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>PRS-CALIFORNIA OBLIGATED GROUP 5.0% 04-01-29</title>
        <cusip>13048V2E7</cusip>
        <identifiers>
          <isin value="US13048V2E78"/>
          <other otherDesc="CG Symbol" value="FXC183979"/>
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        <balance>250000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>265804.500000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUNICIPAL FINANCE AUTHORITY 4.0% 09-01-34</title>
        <cusip>13051AJS8</cusip>
        <identifiers>
          <isin value="US13051AJS87"/>
          <other otherDesc="CG Symbol" value="FXC184155"/>
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        <balance>500000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>509483.500000000000</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>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>CALIFORNIA HOUSING FINANCE AGENCY FHA 542(C) (MPT) 3.25% 08-01-64</title>
        <cusip>13032WCF9</cusip>
        <identifiers>
          <isin value="US13032WCF95"/>
          <other otherDesc="CG Symbol" value="FXC184645"/>
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        <balance>1920000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1937535.360000000102</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>2064-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 02-01-55</title>
        <cusip>13013JFD3</cusip>
        <identifiers>
          <isin value="US13013JFD37"/>
          <other otherDesc="CG Symbol" value="FXC185106"/>
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        <balance>8000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8710728.000000000000</valUSD>
        <pctVal>1.2222466608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHABOT-LAS POSITAS CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>CHABOT-LAS POSITAS CA CCD 4.0% 08-01-33</title>
        <cusip>15722TGL9</cusip>
        <identifiers>
          <isin value="US15722TGL98"/>
          <other otherDesc="CG Symbol" value="FXC18531"/>
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        <balance>1580000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1589653.800000000047</valUSD>
        <pctVal>0.2230524302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUNICIPAL FINANCE AUTHORITY CMNTY FACS DISTRICT NO 2022-6 AREA NO 1 5.0% 09-01-26</title>
        <cusip>13051AHY7</cusip>
        <identifiers>
          <isin value="US13051AHY73"/>
          <other otherDesc="CG Symbol" value="FXC185386"/>
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        <balance>70000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>70822.149999999994</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUNICIPAL FINANCE AUTHORITY CMNTY FACS DISTRICT NO 2022-6 AREA NO 1 5.0% 09-01-27</title>
        <cusip>13051AHZ4</cusip>
        <identifiers>
          <isin value="US13051AHZ49"/>
          <other otherDesc="CG Symbol" value="FXC185387"/>
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        <balance>105000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108172.789999999994</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RIALTO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>RIALTO UNIFIED SCHOOL DISTRICT 3.0% 08-01-27</title>
        <cusip>762494RQ7</cusip>
        <identifiers>
          <isin value="US762494RQ74"/>
          <other otherDesc="CG Symbol" value="FXR105314"/>
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        <balance>750000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>755075.250000000000</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>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RIALTO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>RIALTO UNIFIED SCHOOL DISTRICT 3.0% 08-01-26</title>
        <cusip>762494RP9</cusip>
        <identifiers>
          <isin value="US762494RP91"/>
          <other otherDesc="CG Symbol" value="FXR105318"/>
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        <balance>600000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>602384.400000000023</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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      <invstOrSec>
        <name>RIVERSIDE CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>RIVERSIDE UNIFIED SCHOOL DISTRICT 4.0% 08-01-29</title>
        <cusip>769059ZJ8</cusip>
        <identifiers>
          <isin value="US769059ZJ83"/>
          <other otherDesc="CG Symbol" value="FXR106480"/>
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        <balance>850000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>874373.750000000000</valUSD>
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        <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>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SACRAMENTO CALIF CITY UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SACRAMENTO CITY UNIFIED SCHOOL DISTRICT BAM 4.0% 08-01-28</title>
        <cusip>785870ZE9</cusip>
        <identifiers>
          <isin value="US785870ZE99"/>
          <other otherDesc="CG Symbol" value="FXS106110"/>
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        <balance>610000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>637025.439999999944</valUSD>
        <pctVal>0.0893842876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SACRAMENTO CALIF CITY UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SACRAMENTO CITY UNIFIED SCHOOL DISTRICT BAM 4.0% 08-01-29</title>
        <cusip>785870ZF6</cusip>
        <identifiers>
          <isin value="US785870ZF64"/>
          <other otherDesc="CG Symbol" value="FXS106112"/>
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        <balance>635000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>672490.400000000023</valUSD>
        <pctVal>0.0943605570</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>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTY OF SAN DIEGO CA</name>
        <lei>254900MKIGRAYVDUZ926</lei>
        <title>COUNTY OF SAN DIEGO CA COMMUNITY FACILITIES DISTRICT NO 2008-01 AREA NO 2 4.0% 09-01-26</title>
        <cusip>79743ABD4</cusip>
        <identifiers>
          <isin value="US79743ABD46"/>
          <other otherDesc="CG Symbol" value="FXS107598"/>
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        <balance>255000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>256319.119999999995</valUSD>
        <pctVal>0.0359654427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>VICTOR VALLEY CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>VICTOR VALLEY UNION HIGH SCHOOL DISTRICT AG 4.0% 08-01-26</title>
        <cusip>926055JX3</cusip>
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          <isin value="US926055JX36"/>
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        <curCd>USD</curCd>
        <valUSD>272588.760000000009</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VICTOR VALLEY CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>926055HV9</cusip>
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          <isin value="US926055HV97"/>
          <other otherDesc="CG Symbol" value="FXV205682"/>
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        <curCd>USD</curCd>
        <valUSD>749241.000000000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>WHITTIER CALIF CITY SCHOOL DISTRICT</name>
        <lei>N/A</lei>
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          <isin value="US966765PS24"/>
          <other otherDesc="CG Symbol" value="FXW102877"/>
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        <curCd>USD</curCd>
        <valUSD>830627.329999999958</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>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT AG 4.0% 08-01-28</title>
        <cusip>9523472X9</cusip>
        <identifiers>
          <isin value="US9523472X91"/>
          <other otherDesc="CG Symbol" value="FXW111286"/>
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        <balance>600000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>628074.599999999977</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>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT AG 4.0% 08-01-30</title>
        <cusip>9523473Y6</cusip>
        <identifiers>
          <isin value="US9523473Y65"/>
          <other otherDesc="CG Symbol" value="FXW111288"/>
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        <balance>900000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>969401.699999999953</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>WEST BASIN CALIF MUN WTR DIST</name>
        <lei>54930017XCXSHT6Y5458</lei>
        <title>WEST BASIN MUNICIPAL WATER DISTRICT 5.0% 08-01-31</title>
        <cusip>951254DE8</cusip>
        <identifiers>
          <isin value="US951254DE81"/>
          <other otherDesc="CG Symbol" value="FXW124278"/>
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        <balance>745000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>863178.609999999986</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>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WOODLAND CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF WOODLAND CA COMMUNITY FACILITIES DISTRICT NO 2004-1 AG 4.0% 09-01-31</title>
        <cusip>979568HD7</cusip>
        <identifiers>
          <isin value="US979568HD72"/>
          <other otherDesc="CG Symbol" value="FXW130523"/>
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        <balance>260000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>274641.380000000005</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WOODLAND CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF WOODLAND CA COMMUNITY FACILITIES DISTRICT NO 2004-1 AG 4.0% 09-01-29</title>
        <cusip>979568HB1</cusip>
        <identifiers>
          <isin value="US979568HB17"/>
          <other otherDesc="CG Symbol" value="FXW130524"/>
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        <balance>215000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>226081.320000000007</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WOODLAND CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF WOODLAND CA COMMUNITY FACILITIES DISTRICT NO 2004-1 AG 4.0% 09-01-30</title>
        <cusip>979568HC9</cusip>
        <identifiers>
          <isin value="US979568HC99"/>
          <other otherDesc="CG Symbol" value="FXW130525"/>
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        <balance>235000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>248142.380000000005</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>WESTSIDE CALIF UN SCH DIST</name>
        <lei>N/A</lei>
        <title>WESTSIDE UNION SCHOOL DISTRICT NATL 0.0% 08-01-27</title>
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        <identifiers>
          <isin value="US961488LK72"/>
          <other otherDesc="CG Symbol" value="FXW143076"/>
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        <balance>800000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>768122.400000000023</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>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
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      <invstOrSec>
        <name>WHITTIER CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>WHITTIER UNION HIGH SCHOOL DISTRICT 0.0% 08-01-32</title>
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          <isin value="US966782SQ89"/>
          <other otherDesc="CG Symbol" value="FXW147471"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT NATL 0.0% 08-01-31</title>
        <cusip>952347RV6</cusip>
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          <isin value="US952347RV65"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
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        <title>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT NATL 0.0% 08-01-26</title>
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          <isin value="US952347RQ70"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-01</maturityDt>
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          <annualizedRt>0.000000000000</annualizedRt>
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      <invstOrSec>
        <name>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT AG 0.0% 08-01-36</title>
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          <isin value="US952347WS71"/>
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        <valUSD>711592.000000000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>YOSEMITE CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>YOSEMITE CA COMM COLL CABS 10D 0.0% 08-01-31</title>
        <cusip>987388DH5</cusip>
        <identifiers>
          <isin value="US987388DH57"/>
          <other otherDesc="CG Symbol" value="FXY45705"/>
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        <balance>500000.000000000000</balance>
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        <valUSD>435351.000000000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CHEVRON USA INC FRN 11-01-35</title>
        <cusip>13048TGV9</cusip>
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          <isin value="US13048TGV98"/>
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        <valUSD>5700000.000000000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CHEVRON USA INC FRN 11-01-35</title>
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        <balance>2000000.000000000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <cusip>13048TGU1</cusip>
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          <isin value="US13048TGU16"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>RIVERSIDE CALIF CMNTY COLLEGE DIST</name>
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          <isin value="US76886PHJ57"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ROWLAND CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>ROWLAND UNIFIED SCHOOL DISTRICT 0.0% 08-01-34</title>
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          <isin value="US779631EJ50"/>
          <other otherDesc="CG Symbol" value="FXR149574"/>
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        <balance>2420000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1803485.639999999898</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RIO ELEMENTARY SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT</name>
        <lei>N/A</lei>
        <title>RIO CA ELEM SD CFD 2016 SPL TAX BAM 5.0% 09-01-32</title>
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          <isin value="US767027DB80"/>
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        <curCd>USD</curCd>
        <valUSD>243996.959999999992</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RANCHO CORDOVA CMNTY FACS DIST CALIF</name>
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        <title>CITY OF RANCHO CORDOVA CA GRANTLINE 220 CMNTY FACS DIST NO 2023-1 IMPT AREA 2 5.0% 09-01-29</title>
        <cusip>75211RRD1</cusip>
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          <isin value="US75211RRD16"/>
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        <balance>140000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>148184.959999999992</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>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>RANCHO CORDOVA CMNTY FACS DIST CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF RANCHO CORDOVA CA GRANTLINE 220 CMNTY FACS DIST NO 2023-1 IMPT AREA 2 5.0% 09-01-27</title>
        <cusip>75211RRB5</cusip>
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          <isin value="US75211RRB59"/>
          <other otherDesc="CG Symbol" value="FXR185324"/>
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        <balance>90000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>92930.940000000002</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>RANCHO CORDOVA CMNTY FACS DIST CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF RANCHO CORDOVA CA GRANTLINE 220 CMNTY FACS DIST NO 2023-1 IMPT AREA 2 5.0% 09-01-28</title>
        <cusip>75211RRC3</cusip>
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          <isin value="US75211RRC33"/>
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        <balance>115000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>120472.619999999995</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RANCHO CORDOVA CMNTY FACS DIST CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF RANCHO CORDOVA CA GRANTLINE 220 CMNTY FACS DIST NO 2023-1 IMPT AREA 2 5.0% 09-01-30</title>
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          <isin value="US75211RRE98"/>
          <other otherDesc="CG Symbol" value="FXR185326"/>
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        <balance>165000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>176876.209999999992</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>RANCHO CORDOVA CMNTY FACS DIST CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF RANCHO CORDOVA CA GRANTLINE 220 CMNTY FACS DIST NO 2023-1 IMPT AREA 2 5.0% 09-01-33</title>
        <cusip>75211RRH2</cusip>
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          <isin value="US75211RRH20"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RANCHO CORDOVA CMNTY FACS DIST CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF RANCHO CORDOVA CA GRANTLINE 220 CMNTY FACS DIST NO 2023-1 IMPT AREA 2 5.0% 09-01-34</title>
        <cusip>75211RRJ8</cusip>
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          <isin value="US75211RRJ85"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RIO HONDO CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>RIO HONDO COMMUNITY COLLEGE DISTRICT 0.0% 08-01-31</title>
        <cusip>767121CT1</cusip>
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          <isin value="US767121CT11"/>
          <other otherDesc="CG Symbol" value="FXR195107"/>
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        <balance>770000.000000000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>SWEETWATER CALIF UN HIGH SCH DIST</name>
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          <isin value="US870462SQ23"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>SACRAMENTO CALIF CITY UNI SCH DIST</name>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>SAN JACINTO CALIF FING AUTH</name>
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      <invstOrSec>
        <name>SANTA MONICA-MALIBU UNI SCH DIST CALIF</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SAN DIEGO REG AIRPORT</name>
        <lei>N/A</lei>
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        <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>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAN DIEGO REG AIRPORT</name>
        <lei>N/A</lei>
        <title>SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY 5.0% 07-01-28</title>
        <cusip>79739GKS4</cusip>
        <identifiers>
          <isin value="US79739GKS48"/>
          <other otherDesc="CG Symbol" value="FXS105700"/>
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        <balance>320000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>343065.919999999984</valUSD>
        <pctVal>0.0481373285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAN DIEGO REG AIRPORT</name>
        <lei>N/A</lei>
        <title>SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY 5.0% 07-01-29</title>
        <cusip>79739GKT2</cusip>
        <identifiers>
          <isin value="US79739GKT21"/>
          <other otherDesc="CG Symbol" value="FXS105701"/>
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        <balance>585000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>644154.030000000028</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>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SACRAMENTO CALIF CITY UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SACRAMENTO CITY UNIFIED SCHOOL DISTRICT BAM 4.0% 08-01-27</title>
        <cusip>785870ZD1</cusip>
        <identifiers>
          <isin value="US785870ZD17"/>
          <other otherDesc="CG Symbol" value="FXS106109"/>
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        <balance>585000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>601328.520000000019</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>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NAPA VALLEY CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>NAPA VALLEY UNIFIED SCHOOL DISTRICT AG 4.0% 08-01-34</title>
        <cusip>630362DV0</cusip>
        <identifiers>
          <isin value="US630362DV06"/>
          <other otherDesc="CG Symbol" value="FXN143333"/>
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        <balance>1030000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1035731.949999999953</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>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEWPORT-MESA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>NEWPORT MESA UNIFIED SCHOOL DISTRICT NATL 0.0% 08-01-31</title>
        <cusip>652113UQ2</cusip>
        <identifiers>
          <isin value="US652113UQ24"/>
          <other otherDesc="CG Symbol" value="FXN145945"/>
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        <balance>1000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>867400.000000000000</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>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEWPORT-MESA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>NEWPORT MESA UNIFIED SCHOOL DISTRICT NATL 0.0% 08-01-30</title>
        <cusip>652113UP4</cusip>
        <identifiers>
          <isin value="US652113UP41"/>
          <other otherDesc="CG Symbol" value="FXN159499"/>
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        <balance>2575000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2300172.830000000075</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>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>KIPP SOCAL PUBLIC SCHOOLS OBLIGATED GROUP 5.0% 07-01-27</title>
        <cusip>13059TGU7</cusip>
        <identifiers>
          <isin value="US13059TGU79"/>
          <other otherDesc="CG Symbol" value="FXC118078"/>
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        <balance>100000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102554.199999999997</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>KIPP SOCAL PUBLIC SCHOOLS OBLIGATED GROUP 5.0% 07-01-28</title>
        <cusip>13059TGV5</cusip>
        <identifiers>
          <isin value="US13059TGV52"/>
          <other otherDesc="CG Symbol" value="FXC118079"/>
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        <balance>200000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>208915.399999999994</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>KIPP SOCAL PUBLIC SCHOOLS OBLIGATED GROUP 5.0% 07-01-29</title>
        <cusip>13059TGW3</cusip>
        <identifiers>
          <isin value="US13059TGW36"/>
          <other otherDesc="CG Symbol" value="FXC118080"/>
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        <balance>400000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>424364.400000000023</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>KIPP SOCAL PUBLIC SCHOOLS OBLIGATED GROUP 5.0% 07-01-30</title>
        <cusip>13059TGX1</cusip>
        <identifiers>
          <isin value="US13059TGX19"/>
          <other otherDesc="CG Symbol" value="FXC118081"/>
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        <balance>300000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>322611.000000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>LUCILE SALTER PACKARD CHILDREN'S HOSPITAL AT STANFORD OBLIGATED GROUP 5.0% 05-15-26</title>
        <cusip>13032UYP7</cusip>
        <identifiers>
          <isin value="US13032UYP73"/>
          <other otherDesc="CG Symbol" value="FXC121627"/>
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        <balance>830000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>836674.859999999986</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA PUB FIN AUTH</name>
        <lei>N/A</lei>
        <title>O'CONNOR WOODS HOUSING CORP CA MTG INS 4.0% 01-01-28</title>
        <cusip>13057EES9</cusip>
        <identifiers>
          <isin value="US13057EES90"/>
          <other otherDesc="CG Symbol" value="FXC128530"/>
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        <balance>450000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>462409.650000000023</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA PUB FIN AUTH</name>
        <lei>N/A</lei>
        <title>O'CONNOR WOODS HOUSING CORP CA MTG INS 4.0% 01-01-31</title>
        <cusip>13057EEV2</cusip>
        <identifiers>
          <isin value="US13057EEV20"/>
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        <balance>520000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>553182.760000000009</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>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA PUB FIN AUTH</name>
        <lei>N/A</lei>
        <title>O'CONNOR WOODS HOUSING CORP CA MTG INS 4.0% 01-01-29</title>
        <cusip>13057EET7</cusip>
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          <isin value="US13057EET73"/>
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        <balance>500000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>520328.500000000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA INSTITUTE OF THE ARTS 4.0% 10-01-33</title>
        <cusip>13048VWM6</cusip>
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          <isin value="US13048VWM61"/>
          <other otherDesc="CG Symbol" value="FXC128717"/>
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        <balance>250000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>256851.000000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 4.0% 02-01-52</title>
        <cusip>13013JAP1</cusip>
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          <isin value="US13013JAP12"/>
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        <balance>8975000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9088470.929999999702</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LOS ALTOS CALIF SCH DIST</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>LOS ANGELES CALIF UNI SCH DIST</name>
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          <isin value="US544647AH31"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>LOS RIOS CALIF CMNTY COLLEGE DIST</name>
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          <isin value="US545624RX85"/>
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      <invstOrSec>
        <name>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE</name>
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          <isin value="US54466HML77"/>
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      <invstOrSec>
        <name>LOS RIOS CALIF CMNTY COLLEGE DIST</name>
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          <isin value="US545624RW03"/>
          <other otherDesc="CG Symbol" value="FXL149256"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.000000000000</annualizedRt>
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        <name>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
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          <isin value="US544532KF05"/>
          <other otherDesc="CG Symbol" value="FXL161133"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>LOS ANGELES CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>544647HM5</cusip>
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          <isin value="US544647HM52"/>
          <other otherDesc="CG Symbol" value="FXL162696"/>
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        <balance>765000.000000000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>SAN DIEGO COUNTY REGIONAL TRANSPORTATION COMMISSION</name>
        <lei>W4FR340A6EQ2SSI17B56</lei>
        <title>SAN DIEGO COUNTY REGIONAL TRANSPORTATION COMMISSION 5.0% 04-01-29</title>
        <cusip>797400NJ3</cusip>
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          <isin value="US797400NJ35"/>
          <other otherDesc="CG Symbol" value="FXS120539"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>NORMAN Y MINETA SAN JOSE INTERNATIONAL AIRPORT</name>
        <lei>N/A</lei>
        <title>NORMAN Y MINETA SAN JOSE INTERNATIONAL AIRPORT SJC 5.0% 03-01-29</title>
        <cusip>798136XK8</cusip>
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          <isin value="US798136XK88"/>
          <other otherDesc="CG Symbol" value="FXS121183"/>
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        <balance>500000.000000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>NORMAN Y MINETA SAN JOSE INTERNATIONAL AIRPORT</name>
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        <cusip>798136XL6</cusip>
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          <isin value="US798136XL61"/>
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        <issuerCat>MUN</issuerCat>
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        <name>NORMAN Y MINETA SAN JOSE INTERNATIONAL AIRPORT</name>
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          <isin value="US798136XN28"/>
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        <invCountry>US</invCountry>

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        <name>SAN DIEGO PUBLIC FACILITIES FINANCING AUTHORITY</name>
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        <cusip>797299NK6</cusip>
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          <other otherDesc="CG Symbol" value="FXS121571"/>
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        <name>SAN DIEGO PUBLIC FACILITIES FINANCING AUTHORITY</name>
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        <title>CITY OF SAN DIEGO CA 5.0% 10-15-30</title>
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        <name>SANTA ROSA CALIF HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>SANTA ROSA HIGH SCHOOL DISTRICT BAM 4.0% 08-01-27</title>
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          <other otherDesc="CG Symbol" value="FXS123408"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>SANTA ROSA CALIF HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>SANTA ROSA HIGH SCHOOL DISTRICT BAM 4.0% 08-01-29</title>
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        <valUSD>533344.000000000000</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>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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 DIEGO CA COMMUNITY FACILITIES DISTRICT NO 2</name>
        <lei>N/A</lei>
        <title>CITY OF SAN DIEGO CA COMMUNITY FACILITIES DISTRICT 4.0% 09-01-27</title>
        <cusip>802808FC4</cusip>
        <identifiers>
          <isin value="US802808FC46"/>
          <other otherDesc="CG Symbol" value="FXS127756"/>
        </identifiers>
        <balance>635000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>648806.810000000056</valUSD>
        <pctVal>0.0910373917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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 5.0% 05-15-30</title>
        <cusip>91412HWB5</cusip>
        <identifiers>
          <isin value="US91412HWB58"/>
          <other otherDesc="CG Symbol" value="FXU207463"/>
        </identifiers>
        <balance>2350000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2644175.350000000093</valUSD>
        <pctVal>0.3710177257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 5.0% 05-15-36</title>
        <cusip>91412HWH2</cusip>
        <identifiers>
          <isin value="US91412HWH29"/>
          <other otherDesc="CG Symbol" value="FXU207464"/>
        </identifiers>
        <balance>5030000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6092652.889999999665</valUSD>
        <pctVal>0.8548911928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>VERNON CALIF ELEC SYS REV</name>
        <lei>N/A</lei>
        <title>CITY OF VERNON CA ELECTRIC SYSTEM REVENUE 5.0% 04-01-28</title>
        <cusip>924397EN8</cusip>
        <identifiers>
          <isin value="US924397EN84"/>
          <other otherDesc="CG Symbol" value="FXV132724"/>
        </identifiers>
        <balance>3305000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3466809.500000000000</valUSD>
        <pctVal>0.4864457178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>CME CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>UST 2YR FUT TUH6 03-31-26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ZTH6"/>
          <other otherDesc="CG Symbol" value="ULU9562"/>
        </identifiers>
        <balance>52.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-17912.959999999999</valUSD>
        <pctVal>-0.0025134588</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CME CHICAGO MERCANTILE EXCHANGE</issuerName>
                <issueTitle>UST 2YR FUT TUH6 03-31-26</issueTitle>
                <identifiers>
                  <other otherDesc="CGSymbol" value="ULU9562_REF"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-04-06</expDate>
            <notionalAmt>10841593.880000000820</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-17912.959999999999</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CME CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>UST 10YR FUT ULTRA UXYH6 03-20-26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TNH6"/>
          <other otherDesc="CG Symbol" value="ULU9525"/>
        </identifiers>
        <balance>74.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>38666.730000000003</valUSD>
        <pctVal>0.0054255260</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CME CHICAGO MERCANTILE EXCHANGE</issuerName>
                <issueTitle>UST 10YR FUT ULTRA UXYH6 03-20-26</issueTitle>
                <identifiers>
                  <other otherDesc="CGSymbol" value="ULU9525_REF"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-31</expDate>
            <notionalAmt>-8447562.500000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>38666.730000000003</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CME CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>UST 5YR FUT FVH6 03-31-26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ZFH6"/>
          <other otherDesc="CG Symbol" value="ULU9561"/>
        </identifiers>
        <balance>154.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>15214.490000000000</valUSD>
        <pctVal>0.0021348227</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CME CHICAGO MERCANTILE EXCHANGE</issuerName>
                <issueTitle>UST 5YR FUT FVH6 03-31-26</issueTitle>
                <identifiers>
                  <other otherDesc="CGSymbol" value="ULU9561_REF"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-04-06</expDate>
            <notionalAmt>16775172.259999999776</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>15214.490000000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FOOTHILL-DE ANZA CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>FOOTHILL-DE ANZA COMMUNITY COLLEGE DISTRICT AMBAC 0.0% 08-01-32</title>
        <cusip>345102GS0</cusip>
        <identifiers>
          <isin value="US345102GS08"/>
          <other otherDesc="CG Symbol" value="FXF85346"/>
        </identifiers>
        <balance>1000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>845585.000000000000</valUSD>
        <pctVal>0.1186483429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>FOLSOM CORDOVA CALIF UNI SCH DIST SCH FACS IMPT DIST NO 1</name>
        <lei>N/A</lei>
        <title>FOLSOM CORDOVA UNIFIED SCHOOL DISTRICT SCHOOL FACILITIES IMPT DIST NO 1 NATL 0.0% 10-01-26</title>
        <cusip>34440NDV5</cusip>
        <identifiers>
          <isin value="US34440NDV55"/>
          <other otherDesc="CG Symbol" value="FXF97256"/>
        </identifiers>
        <balance>1000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>984777.000000000000</valUSD>
        <pctVal>0.1381790821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>GROSSMONT HEALTHCARE DISTRICT</name>
        <lei>N/A</lei>
        <title>GROSSMONT HEALTHCARE DISTRICT 5.0% 07-15-31</title>
        <cusip>399223DN3</cusip>
        <identifiers>
          <isin value="US399223DN31"/>
          <other otherDesc="CG Symbol" value="FXG131685"/>
        </identifiers>
        <balance>625000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>719979.380000000005</valUSD>
        <pctVal>0.1010239779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAN DIEGO COUNTY REGIONAL TRANSPORTATION COMMISSION</name>
        <lei>W4FR340A6EQ2SSI17B56</lei>
        <title>SAN DIEGO COUNTY REGIONAL TRANSPORTATION COMMISSION 5.0% 04-01-28</title>
        <cusip>797400LX4</cusip>
        <identifiers>
          <isin value="US797400LX47"/>
          <other otherDesc="CG Symbol" value="FXS107923"/>
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        <balance>850000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>908919.449999999953</valUSD>
        <pctVal>0.1275351225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAN DIEGO PUBLIC FACILITIES FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>CITY OF SAN DIEGO CA WATER UTILITY REVENUE 5.0% 08-01-29</title>
        <cusip>79730CKB9</cusip>
        <identifiers>
          <isin value="US79730CKB99"/>
          <other otherDesc="CG Symbol" value="FXS110247"/>
        </identifiers>
        <balance>500000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>554973.500000000000</valUSD>
        <pctVal>0.0778711615</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>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTH PLACER WASTEWATER AUTH CALIF</name>
        <lei>549300FGO2EDNXECW829</lei>
        <title>SOUTH PLACER WASTEWATER AUTHORITY 5.0% 11-01-32</title>
        <cusip>839423CR9</cusip>
        <identifiers>
          <isin value="US839423CR98"/>
          <other otherDesc="CG Symbol" value="FXS110340"/>
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        <balance>500000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>592997.500000000000</valUSD>
        <pctVal>0.0832065029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAN DIEGO REG AIRPORT</name>
        <lei>N/A</lei>
        <title>SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY 5.0% 07-01-28</title>
        <cusip>79739GHB5</cusip>
        <identifiers>
          <isin value="US79739GHB59"/>
          <other otherDesc="CG Symbol" value="FXS110900"/>
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        <balance>1000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1072081.000000000000</valUSD>
        <pctVal>0.1504291515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 CALIF UNIFIED SCHOOL DIST</name>
        <lei>N/A</lei>
        <title>SAN FRANCISCO UNIFIED SCHOOL DISTRICT 4.0% 06-15-29</title>
        <cusip>79771TNE3</cusip>
        <identifiers>
          <isin value="US79771TNE37"/>
          <other otherDesc="CG Symbol" value="FXS114300"/>
        </identifiers>
        <balance>1000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1041678.000000000000</valUSD>
        <pctVal>0.1461631516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN FRANCISCO CALIF UNIFIED SCHOOL DIST</name>
        <lei>N/A</lei>
        <title>SAN FRANCISCO UNIFIED SCHOOL DISTRICT 4.0% 06-15-34</title>
        <cusip>79771TNK9</cusip>
        <identifiers>
          <isin value="US79771TNK96"/>
          <other otherDesc="CG Symbol" value="FXS114320"/>
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        <balance>975000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>998837.780000000028</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>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY</name>
        <lei>5493003B5TD5FWUKMD34</lei>
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        <cusip>84247PMH1</cusip>
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          <isin value="US84247PMH19"/>
          <other otherDesc="CG Symbol" value="FXS120266"/>
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        <curCd>USD</curCd>
        <valUSD>414892.000000000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRANSBAY JOINT POWERS AUTHORITY</name>
        <lei>549300WC0UP8WU8GYU95</lei>
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        <cusip>89356CAF3</cusip>
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          <isin value="US89356CAF32"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRANSBAY JOINT POWERS AUTHORITY</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>TRANSBAY JOINT POWERS AUTHORITY TRANSBAY REDEVELOPMENT PROJECT TAX INCREMENT 5.0% 10-01-30</title>
        <cusip>89356CAG1</cusip>
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          <isin value="US89356CAG15"/>
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        <balance>1500000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1596154.500000000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TOBACCO SECURITIZATION AUTHORITY OF NORTHERN CALIFORNIA</name>
        <lei>N/A</lei>
        <title>SACRAMENTO COUNTY TOBACCO SECURITIZATION CORP 5.0% 06-01-27</title>
        <cusip>888794BH6</cusip>
        <identifiers>
          <isin value="US888794BH65"/>
          <other otherDesc="CG Symbol" value="FXT119792"/>
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        <balance>1550000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1595405.699999999953</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TURLOCK IRRIGATION DISTRICT</name>
        <lei>5493001J7IGC81HEQJ12</lei>
        <title>TURLOCK IRRIGATION DISTRICT 5.0% 01-01-31</title>
        <cusip>900190KV0</cusip>
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          <isin value="US900190KV02"/>
          <other otherDesc="CG Symbol" value="FXT134355"/>
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        <balance>1600000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1785724.800000000047</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>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRANSBAY JOINT POWERS AUTHORITY</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>TRANSBAY JOINT POWERS AUTHORITY TRANSBAY REDEVELOPMENT PROJECT TAX INCREMENT 5.0% 10-01-31</title>
        <cusip>89356CBG0</cusip>
        <identifiers>
          <isin value="US89356CBG06"/>
          <other otherDesc="CG Symbol" value="FXT154803"/>
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        <balance>765000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>808633.310000000056</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>TRACY COMMUNITY DEVELOPMENT AGENCY SUCCESSOR AGENCY</name>
        <lei>N/A</lei>
        <title>TRACY COMMUNITY DEVELOPMENT AGENCY SUCCESSOR AGENCY AG 5.0% 08-01-30</title>
        <cusip>892372AQ6</cusip>
        <identifiers>
          <isin value="US892372AQ67"/>
          <other otherDesc="CG Symbol" value="FXT15953"/>
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        <balance>545000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>545764.089999999967</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>TEMESCAL VALLEY WATER DISTRICT PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>TEMESCAL VALLEY WATER DISTRICT PUBLIC FINANCING AUTHORITY AG 5.0% 09-01-33</title>
        <cusip>87975KAJ2</cusip>
        <identifiers>
          <isin value="US87975KAJ25"/>
          <other otherDesc="CG Symbol" value="FXT166264"/>
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        <balance>550000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>643581.400000000023</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>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>TEMESCAL VALLEY WATER DISTRICT PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>TEMESCAL VALLEY WATER DISTRICT PUBLIC FINANCING AUTHORITY AG 5.0% 09-01-32</title>
        <cusip>87975KAH6</cusip>
        <identifiers>
          <isin value="US87975KAH68"/>
          <other otherDesc="CG Symbol" value="FXT166268"/>
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        <balance>825000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>952670.400000000023</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>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>TEMESCAL VALLEY WATER DISTRICT PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>TEMESCAL VALLEY WATER DISTRICT PUBLIC FINANCING AUTHORITY AG 5.0% 09-01-34</title>
        <cusip>87975KAK9</cusip>
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          <isin value="US87975KAK97"/>
          <other otherDesc="CG Symbol" value="FXT166270"/>
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        <balance>115000.000000000000</balance>
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        <valUSD>136180.239999999991</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>UNIVERSITY OF CALIFORNIA</name>
        <lei>N/A</lei>
        <title>UNIVERSITY OF CALIFORNIA 5.0% 05-15-31</title>
        <cusip>91412HLS0</cusip>
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          <isin value="US91412HLS03"/>
          <other otherDesc="CG Symbol" value="FXU120317"/>
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        <balance>1150000.000000000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>UNIVERSITY OF CALIFORNIA</name>
        <lei>N/A</lei>
        <title>UNIVERSITY OF CALIFORNIA 5.0% 05-15-31</title>
        <cusip>91412HNM1</cusip>
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          <isin value="US91412HNM15"/>
          <other otherDesc="CG Symbol" value="FXU141057"/>
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        <balance>750000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>863535.000000000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>UNIVERSITY OF CALIFORNIA</name>
        <lei>N/A</lei>
        <title>UNIVERSITY OF CALIFORNIA FRN 05-15-48</title>
        <cusip>91412GSJ5</cusip>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>UNIVERSITY OF CALIFORNIA</name>
        <lei>N/A</lei>
        <title>UNIVERSITY OF CALIFORNIA 5.0% 05-15-36</title>
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          <isin value="US91412HVK66"/>
          <other otherDesc="CG Symbol" value="FXU190509"/>
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        <balance>5000000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5970200.000000000000</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>2036-05-15</maturityDt>
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      <invstOrSec>
        <name>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE BAM 5.0% 07-01-36</title>
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          <other otherDesc="CG Symbol" value="FXL194525"/>
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        <curCd>USD</curCd>
        <valUSD>582517.000000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITY OF LONG BEACH CA MARINA SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>CITY OF LONG BEACH CA MARINA SYSTEM REVENUE 5.0% 05-15-32</title>
        <cusip>542426DH1</cusip>
        <identifiers>
          <isin value="US542426DH13"/>
          <other otherDesc="CG Symbol" value="FXL194671"/>
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        <balance>1000000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1134420.000000000000</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>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITY OF LONG BEACH CA MARINA SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>CITY OF LONG BEACH CA MARINA SYSTEM REVENUE 5.0% 05-15-34</title>
        <cusip>542426DK4</cusip>
        <identifiers>
          <isin value="US542426DK42"/>
          <other otherDesc="CG Symbol" value="FXL194679"/>
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        <balance>800000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>927672.000000000000</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>2034-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BAY AREA TOLL AUTHORITY</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>BAY AREA TOLL AUTHORITY (MPT) FRN 04-01-36</title>
        <cusip>072024ST0</cusip>
        <identifiers>
          <isin value="US072024ST08"/>
          <other otherDesc="CG Symbol" value="FXB14810"/>
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        <balance>1000000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1001875.000000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.530000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BAY AREA TOLL AUTHORITY</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>BAY AREA TOLL AUTHORITY 5.0% 04-01-40</title>
        <cusip>072024A51</cusip>
        <identifiers>
          <isin value="US072024A513"/>
          <other otherDesc="CG Symbol" value="FXB164662"/>
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        <balance>860000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>963358.239999999991</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>BAY AREA TOLL AUTHORITY</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>BAY AREA TOLL AUTHORITY FRN 04-01-59</title>
        <cusip>072024YY2</cusip>
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          <isin value="US072024YY29"/>
          <other otherDesc="CG Symbol" value="FXB202282"/>
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        <balance>8700000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8700000.000000000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2059-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.650000000000</annualizedRt>
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      <invstOrSec>
        <name>BAY AREA TOLL AUTHORITY</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>BAY AREA TOLL AUTHORITY 4.0% 04-01-31</title>
        <cusip>072024VE9</cusip>
        <identifiers>
          <isin value="US072024VE91"/>
          <other otherDesc="CG Symbol" value="FXB78799"/>
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        <balance>2040000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2077144.320000000065</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>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>KIPP SOCAL PUBLIC SCHOOLS OBLIGATED GROUP 5.0% 07-01-27</title>
        <cusip>13059TFQ7</cusip>
        <identifiers>
          <isin value="US13059TFQ76"/>
          <other otherDesc="CG Symbol" value="FXC100139"/>
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        <balance>220000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>225588.440000000002</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>KIPP SOCAL PUBLIC SCHOOLS OBLIGATED GROUP 5.0% 07-01-26</title>
        <cusip>13059TFP9</cusip>
        <identifiers>
          <isin value="US13059TFP93"/>
          <other otherDesc="CG Symbol" value="FXC100140"/>
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        <balance>315000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>316864.799999999988</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CARSON PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>CITY OF CARSON CA REASSESSMENT DISTRICT NO 2001-1 5.0% 09-02-29</title>
        <cusip>14601GBV9</cusip>
        <identifiers>
          <isin value="US14601GBV95"/>
          <other otherDesc="CG Symbol" value="FXC100873"/>
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        <balance>1000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1070392.000000000000</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>2029-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>HUMANGOOD CALIFORNIA OBLIGATED GROUP 4.0% 10-01-28</title>
        <cusip>13048VKN7</cusip>
        <identifiers>
          <isin value="US13048VKN72"/>
          <other otherDesc="CG Symbol" value="FXC101862"/>
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        <balance>1600000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1609590.399999999907</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>HUMANGOOD CALIFORNIA OBLIGATED GROUP 4.0% 10-01-29</title>
        <cusip>13048VKP2</cusip>
        <identifiers>
          <isin value="US13048VKP21"/>
          <other otherDesc="CG Symbol" value="FXC101863"/>
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        <balance>1135000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1141796.379999999888</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>HUMANGOOD CALIFORNIA OBLIGATED GROUP 4.0% 10-01-35</title>
        <cusip>13048VKV9</cusip>
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          <isin value="US13048VKV98"/>
          <other otherDesc="CG Symbol" value="FXC101864"/>
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        <balance>1175000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1179398.030000000028</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>HUMANGOOD CALIFORNIA OBLIGATED GROUP 4.0% 10-01-31</title>
        <cusip>13048VKR8</cusip>
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          <isin value="US13048VKR86"/>
          <other otherDesc="CG Symbol" value="FXC101875"/>
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        <balance>610000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>613542.270000000019</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>HUMANGOOD CALIFORNIA OBLIGATED GROUP 4.0% 10-01-30</title>
        <cusip>13048VKQ0</cusip>
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          <isin value="US13048VKQ04"/>
          <other otherDesc="CG Symbol" value="FXC101876"/>
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        <valUSD>2525024.859999999870</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>COMPTON CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>COMPTON UNIFIED SCHOOL DISTRICT BAM 0.0% 06-01-33</title>
        <cusip>204736FE7</cusip>
        <identifiers>
          <isin value="US204736FE73"/>
          <other otherDesc="CG Symbol" value="FXC102313"/>
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        <balance>1750000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1373116.500000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA INFRASTRUCTURE &amp; ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>EQUITABLE SCHOOL REVOLVING FUND LLC OBLIGATED GROUP 5.0% 11-01-30</title>
        <cusip>13035AAL3</cusip>
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          <isin value="US13035AAL35"/>
          <other otherDesc="CG Symbol" value="FXC102361"/>
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        <balance>340000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>360367.359999999986</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>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA INFRASTRUCTURE &amp; ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>EQUITABLE SCHOOL REVOLVING FUND LLC OBLIGATED GROUP 5.0% 11-01-29</title>
        <cusip>13035AAK5</cusip>
        <identifiers>
          <isin value="US13035AAK51"/>
          <other otherDesc="CG Symbol" value="FXC102362"/>
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        <balance>140000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>148628.339999999997</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA INFRASTRUCTURE &amp; ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>EQUITABLE SCHOOL REVOLVING FUND LLC OBLIGATED GROUP 5.0% 11-01-27</title>
        <cusip>13035AAH2</cusip>
        <identifiers>
          <isin value="US13035AAH23"/>
          <other otherDesc="CG Symbol" value="FXC102363"/>
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        <balance>110000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>114351.820000000007</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>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA INFRASTRUCTURE &amp; ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>EQUITABLE SCHOOL REVOLVING FUND LLC OBLIGATED GROUP 5.0% 11-01-28</title>
        <cusip>13035AAJ8</cusip>
        <identifiers>
          <isin value="US13035AAJ88"/>
          <other otherDesc="CG Symbol" value="FXC102365"/>
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        <balance>375000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>398546.630000000005</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>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA INFRASTRUCTURE &amp; ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>EQUITABLE SCHOOL REVOLVING FUND LLC OBLIGATED GROUP 5.0% 11-01-26</title>
        <cusip>13035AAG4</cusip>
        <identifiers>
          <isin value="US13035AAG40"/>
          <other otherDesc="CG Symbol" value="FXC102366"/>
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        <balance>125000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>127336.880000000005</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>GRANADA HILLS CHARTER HIGH SCHOOL OBLIGATED GROUP 4.0% 07-01-27</title>
        <cusip>13059TGA1</cusip>
        <identifiers>
          <isin value="US13059TGA16"/>
          <other otherDesc="CG Symbol" value="FXC103394"/>
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        <balance>740000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>742516.000000000000</valUSD>
        <pctVal>0.1041862060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>GRANADA HILLS CHARTER HIGH SCHOOL OBLIGATED GROUP 4.0% 07-01-29</title>
        <cusip>13059TGC7</cusip>
        <identifiers>
          <isin value="US13059TGC71"/>
          <other otherDesc="CG Symbol" value="FXC103395"/>
        </identifiers>
        <balance>805000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>807611.420000000042</valUSD>
        <pctVal>0.1133200763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>GRANADA HILLS CHARTER HIGH SCHOOL OBLIGATED GROUP 5.0% 07-01-31</title>
        <cusip>13059TGE3</cusip>
        <identifiers>
          <isin value="US13059TGE38"/>
          <other otherDesc="CG Symbol" value="FXC103396"/>
        </identifiers>
        <balance>875000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>880885.250000000000</valUSD>
        <pctVal>0.1236015010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>BIOLA UNIVERSITY INC 5.0% 10-01-26</title>
        <cusip>13048TV75</cusip>
        <identifiers>
          <isin value="US13048TV752"/>
          <other otherDesc="CG Symbol" value="FXC105638"/>
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        <balance>1050000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1065688.050000000047</valUSD>
        <pctVal>0.1495321241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINO HILLS CALIF FING AUTH</name>
        <lei>N/A</lei>
        <title>CHINO HILLS FINANCING AUTHORITY 5.0% 09-01-30</title>
        <cusip>16957RCH0</cusip>
        <identifiers>
          <isin value="US16957RCH03"/>
          <other otherDesc="CG Symbol" value="FXC105704"/>
        </identifiers>
        <balance>60000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>64928.699999999997</valUSD>
        <pctVal>0.0091104770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>KIPP SOCAL PUBLIC SCHOOLS OBLIGATED GROUP 5.0% 07-01-27</title>
        <cusip>13059TEU9</cusip>
        <identifiers>
          <isin value="US13059TEU97"/>
          <other otherDesc="CG Symbol" value="FXC117757"/>
        </identifiers>
        <balance>730000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>748849.329999999958</valUSD>
        <pctVal>0.1050748678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>KIPP SOCAL PUBLIC SCHOOLS OBLIGATED GROUP 5.0% 07-01-26</title>
        <cusip>13059TGT0</cusip>
        <identifiers>
          <isin value="US13059TGT07"/>
          <other otherDesc="CG Symbol" value="FXC118077"/>
        </identifiers>
        <balance>220000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>221302.399999999994</valUSD>
        <pctVal>0.0310520681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINO COMMUNITY FACILITIES DISTRICT CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF CHINO CA COMMUNITY FACILITIES DISTRICT NO 2003-3 IMPROVEMENT AREA NO 8 4.0% 09-01-28</title>
        <cusip>169511WE8</cusip>
        <identifiers>
          <isin value="US169511WE86"/>
          <other otherDesc="CG Symbol" value="FXC132496"/>
        </identifiers>
        <balance>480000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>490543.200000000012</valUSD>
        <pctVal>0.0688306176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>COMMUNITY HOSPITALS OF CENTRAL CALIFORNIA OBLIGATED GROUP 5.0% 02-01-29</title>
        <cusip>13048VYU6</cusip>
        <identifiers>
          <isin value="US13048VYU69"/>
          <other otherDesc="CG Symbol" value="FXC132734"/>
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        <balance>825000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>870214.130000000005</valUSD>
        <pctVal>0.1221041817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>COMMUNITY HOSPITALS OF CENTRAL CALIFORNIA OBLIGATED GROUP 5.0% 02-01-28</title>
        <cusip>13048VYT9</cusip>
        <identifiers>
          <isin value="US13048VYT96"/>
          <other otherDesc="CG Symbol" value="FXC132736"/>
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        <balance>750000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>777632.250000000000</valUSD>
        <pctVal>0.1091135461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>ROSEVILLE AFFORDABLE LP (MPT) 3.75% 06-01-28</title>
        <cusip>130483GR5</cusip>
        <identifiers>
          <isin value="US130483GR53"/>
          <other otherDesc="CG Symbol" value="FXC164421"/>
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        <balance>715000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>724938.500000000000</valUSD>
        <pctVal>0.1017198173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CHF-IRVINE LLC 5.0% 05-15-29</title>
        <cusip>13078RGB0</cusip>
        <identifiers>
          <isin value="US13078RGB06"/>
          <other otherDesc="CG Symbol" value="FXC16564"/>
        </identifiers>
        <balance>1250000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1257792.500000000000</valUSD>
        <pctVal>0.1764872790</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>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
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        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <lei>9845007J7054602FF597</lei>
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          <isin value="US130179YD07"/>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUNICIPAL FINANCE AUTHORITY FRN 02-20-41</title>
        <cusip>13050WAA9</cusip>
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        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
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      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
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        <cusip>13080S2W3</cusip>
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          <isin value="US13080S2W34"/>
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        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>PLEASANT VIEW 2024 LP HUD SECT 8 FHA 221(D)(4) (MPT) 2.8% 02-01-28</title>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 12-01-55</title>
        <cusip>13013JHD1</cusip>
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          <isin value="US13013JHD19"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
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        <cusip>13063DKD9</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>DEPARTMENT OF VETERANS AFFAIRS VETERAN'S FARM &amp; HOME PURCHASE PROGRAM</name>
        <lei>N/A</lei>
        <title>DEPARTMENT OF VETERANS AFFAIRS VETERAN'S FARM &amp; HOME PURCHASE PROGRAM 4.0% 12-01-49</title>
        <cusip>130658PS0</cusip>
        <identifiers>
          <isin value="US130658PS01"/>
          <other otherDesc="CG Symbol" value="FXC98511"/>
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        <valUSD>1675369.939999999944</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
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        <cusip>13063DND6</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 04-01-28</title>
        <cusip>13063DPG7</cusip>
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          <isin value="US13063DPG78"/>
          <other otherDesc="CG Symbol" value="FXC99110"/>
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        <valUSD>1780056.000000000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 04-01-27</title>
        <cusip>13063DPF9</cusip>
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          <isin value="US13063DPF95"/>
          <other otherDesc="CG Symbol" value="FXC99123"/>
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        <balance>745000.000000000000</balance>
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        <valUSD>770754.650000000023</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DEL MAR UN SCH DIST</name>
        <lei>N/A</lei>
        <title>DEL MAR UNION SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 99-1 4.0% 09-01-26</title>
        <cusip>245157DT6</cusip>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>DEL MAR UN SCH DIST</name>
        <lei>N/A</lei>
        <title>DEL MAR UNION SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 99-1 5.0% 09-01-27</title>
        <cusip>245157DU3</cusip>
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        <valUSD>914062.160000000033</valUSD>
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      <invstOrSec>
        <name>DEL MAR UN SCH DIST</name>
        <lei>N/A</lei>
        <title>DEL MAR UNION SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 99-1 5.0% 09-01-28</title>
        <cusip>245157DV1</cusip>
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        <valUSD>978455.750000000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DEL MAR UN SCH DIST</name>
        <lei>N/A</lei>
        <title>DEL MAR UNION SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 99-1 5.0% 09-01-29</title>
        <cusip>245157DW9</cusip>
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        <valUSD>726052.280000000028</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DAVIS CALIF JT UNI SCH DIST YOLO CNTY</name>
        <lei>N/A</lei>
        <title>DAVIS JOINT UNIFIED SCHOOL DISTRICT BAM 3.0% 08-01-34</title>
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      <invstOrSec>
        <name>ETIWANDA CALIF SCH DIST</name>
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      <invstOrSec>
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        <name>MOUNT DIABLO UNIFIED SCHOOL DISTRICT/CA</name>
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        <name>MODESTO CALIF IRR DIST</name>
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          <isin value="US607767CX61"/>
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        <name>LOS ANGELES DEPARTMENT OF WATER &amp; POWER WATER SYSTEM REVENUE</name>
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        <name>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
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        <name>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
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        <name>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01</name>
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        <name>LOS ANGELES CALIF CMNTY FACS DIST</name>
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        <name>LOS ANGELES CALIF UNI SCH DIST</name>
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        <name>LOS ANGELES CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LOS ANGELES UNIFIED SCHOOL DISTRICT 5.0% 07-01-29</title>
        <cusip>544647JR2</cusip>
        <identifiers>
          <isin value="US544647JR22"/>
          <other otherDesc="CG Symbol" value="FXL193827"/>
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        <balance>7000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7729813.000000000000</valUSD>
        <pctVal>1.0846094755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CALIF WASTEWTR SYS</name>
        <lei>N/A</lei>
        <title>CITY OF LOS ANGELES CA WASTEWATER SYSTEM REVENUE 5.0% 06-01-33</title>
        <cusip>53945CMM9</cusip>
        <identifiers>
          <isin value="US53945CMM90"/>
          <other otherDesc="CG Symbol" value="FXL193844"/>
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        <balance>4900000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5889388.400000000373</valUSD>
        <pctVal>0.8263701158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 09-01-31</title>
        <cusip>13063D7Q5</cusip>
        <identifiers>
          <isin value="US13063D7Q50"/>
          <other otherDesc="CG Symbol" value="FXC156739"/>
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        <balance>1000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1152007.000000000000</valUSD>
        <pctVal>0.1616439761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE 5.0% 07-01-30</title>
        <cusip>544532PY4</cusip>
        <identifiers>
          <isin value="US544532PY49"/>
          <other otherDesc="CG Symbol" value="FXL196682"/>
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        <balance>1000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1111508.000000000000</valUSD>
        <pctVal>0.1559613549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LAMMERSVILLE JOINT UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>LAMMERSVILLE JOINT UNIFIED SCHOOL DISTRICT COMMUNITY FACILITIES DIST NO 2024-1 5.0% 09-01-33</title>
        <cusip>513533JQ3</cusip>
        <identifiers>
          <isin value="US513533JQ33"/>
          <other otherDesc="CG Symbol" value="FXL198438"/>
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        <balance>185000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>203203.820000000007</valUSD>
        <pctVal>0.0285125641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 5.0% 09-02-34</title>
        <cusip>13078YVS1</cusip>
        <identifiers>
          <isin value="US13078YVS17"/>
          <other otherDesc="CG Symbol" value="FXC186548"/>
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        <balance>510000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>559919.819999999949</valUSD>
        <pctVal>0.0785652049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 5.0% 09-02-33</title>
        <cusip>13078YVR3</cusip>
        <identifiers>
          <isin value="US13078YVR34"/>
          <other otherDesc="CG Symbol" value="FXC186550"/>
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        <balance>720000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>788340.239999999991</valUSD>
        <pctVal>0.1106160387</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LAMMERSVILLE JOINT UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>LAMMERSVILLE JOINT UNIFIED SCHOOL DISTRICT COMMUNITY FACILITIES DIST NO 2024-1 5.0% 09-01-35</title>
        <cusip>513533JS9</cusip>
        <identifiers>
          <isin value="US513533JS98"/>
          <other otherDesc="CG Symbol" value="FXL198444"/>
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        <balance>125000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>137294.500000000000</valUSD>
        <pctVal>0.0192644913</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LAMMERSVILLE JOINT UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>LAMMERSVILLE JOINT UNIFIED SCHOOL DISTRICT COMMUNITY FACILITIES DIST NO 2024-1 5.0% 09-01-34</title>
        <cusip>513533JR1</cusip>
        <identifiers>
          <isin value="US513533JR16"/>
          <other otherDesc="CG Symbol" value="FXL198447"/>
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        <balance>180000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198568.260000000009</valUSD>
        <pctVal>0.0278621250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>VA BUILDING 408 LP HUD SECT 8 (MPT) 2.9% 05-01-47</title>
        <cusip>13034DBK9</cusip>
        <identifiers>
          <isin value="US13034DBK90"/>
          <other otherDesc="CG Symbol" value="FXC205041"/>
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        <balance>4235000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4261193.480000000447</valUSD>
        <pctVal>0.5979097846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.900000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>SECOND STREET FAMILY LP (MPT) 2.93% 12-01-45</title>
        <cusip>130483JX9</cusip>
        <identifiers>
          <isin value="US130483JX94"/>
          <other otherDesc="CG Symbol" value="FXC205527"/>
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        <balance>3445000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3469359.600000000093</valUSD>
        <pctVal>0.4868035354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.930000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LONG BEACH CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>LONG BEACH COMMUNITY COLLEGE DISTRICT 5.0% 08-01-41</title>
        <cusip>542411QR7</cusip>
        <identifiers>
          <isin value="US542411QR70"/>
          <other otherDesc="CG Symbol" value="FXL202692"/>
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        <balance>500000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>578920.500000000000</valUSD>
        <pctVal>0.0812312872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LONG BEACH CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>LONG BEACH COMMUNITY COLLEGE DISTRICT 5.0% 08-01-40</title>
        <cusip>542411QQ9</cusip>
        <identifiers>
          <isin value="US542411QQ97"/>
          <other otherDesc="CG Symbol" value="FXL202693"/>
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        <balance>500000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>585720.500000000000</valUSD>
        <pctVal>0.0821854299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>PALMDALE FAMILY HOUSING LP (MPT) 2.95% 01-01-56</title>
        <cusip>130483KM1</cusip>
        <identifiers>
          <isin value="US130483KM11"/>
          <other otherDesc="CG Symbol" value="FXC207096"/>
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        <balance>355000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>355046.150000000023</valUSD>
        <pctVal>0.0498183357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.950000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IRVINE CALIF</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
        <title>CITY OF IRVINE CA ASSESSMENT DISTRICT NO 21-1 4.0% 09-02-28</title>
        <cusip>46360RF93</cusip>
        <identifiers>
          <isin value="US46360RF932"/>
          <other otherDesc="CG Symbol" value="FXI124465"/>
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        <balance>500000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>518683.000000000000</valUSD>
        <pctVal>0.0727790564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IRVINE CALIF</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
        <title>CITY OF IRVINE CA ASSESSMENT DISTRICT NO 21-1 BAM 4.0% 09-02-30</title>
        <cusip>46360RG35</cusip>
        <identifiers>
          <isin value="US46360RG351"/>
          <other otherDesc="CG Symbol" value="FXI124467"/>
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        <balance>1265000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1349846.080000000075</valUSD>
        <pctVal>0.1894037862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRVINE FACILITIES FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>CITY OF IRVINE CA COMMUNITY FACILITIES DISTRICT NO 2013-3 5.0% 09-01-33</title>
        <cusip>46360WAH9</cusip>
        <identifiers>
          <isin value="US46360WAH97"/>
          <other otherDesc="CG Symbol" value="FXI148454"/>
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        <balance>1200000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1418706.000000000000</valUSD>
        <pctVal>0.1990658727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>LOS ANGELES COMMUNITY COLLEGE DISTRICT 5.0% 08-01-31</title>
        <cusip>54438CG30</cusip>
        <identifiers>
          <isin value="US54438CG307"/>
          <other otherDesc="CG Symbol" value="FXL206687"/>
        </identifiers>
        <balance>4400000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5132930.000000000000</valUSD>
        <pctVal>0.7202275806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES HOUSING AUTHORITY</name>
        <lei>N/A</lei>
        <title>VICTORY BOULEVARD HOUSING PARTNERS LP (MPT) 3.0% 01-01-46</title>
        <cusip>544562DS7</cusip>
        <identifiers>
          <isin value="US544562DS77"/>
          <other otherDesc="CG Symbol" value="FXL206823"/>
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        <balance>7000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7050540.000000000000</valUSD>
        <pctVal>0.9892972174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IRVINE FACILITIES FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>CITY OF IRVINE CA COMMUNITY FACILITIES DISTRICT NO 2013-3 5.0% 09-01-34</title>
        <cusip>46360WAJ5</cusip>
        <identifiers>
          <isin value="US46360WAJ53"/>
          <other otherDesc="CG Symbol" value="FXI148455"/>
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        <balance>2120000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2489976.040000000037</valUSD>
        <pctVal>0.3493812343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INGLEWOOD CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>INGLEWOOD UNIFIED SCHOOL DISTRICT 5.5% 08-01-36</title>
        <cusip>457110PA6</cusip>
        <identifiers>
          <isin value="US457110PA67"/>
          <other otherDesc="CG Symbol" value="FXI192112"/>
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        <balance>1000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1237712.000000000000</valUSD>
        <pctVal>0.1736696817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE 5.0% 07-01-28</title>
        <cusip>544532QV9</cusip>
        <identifiers>
          <isin value="US544532QV90"/>
          <other otherDesc="CG Symbol" value="FXL209497"/>
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        <balance>1185000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1260472.649999999907</valUSD>
        <pctVal>0.1768633445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE 5.0% 07-01-27</title>
        <cusip>544532QU1</cusip>
        <identifiers>
          <isin value="US544532QU18"/>
          <other otherDesc="CG Symbol" value="FXL209507"/>
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        <balance>1275000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1321728.750000000000</valUSD>
        <pctVal>0.1854585003</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>5.000000000000</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>INGLEWOOD REDEVELOPMENT AGENCY SUCCESSOR AGENCY</name>
        <lei>N/A</lei>
        <title>INGLEWOOD REDEVELOPMENT AGENCY SUCCESSOR AGENCY BAM 5.0% 05-01-31</title>
        <cusip>34637QAP7</cusip>
        <identifiers>
          <isin value="US34637QAP72"/>
          <other otherDesc="CG Symbol" value="FXI73290"/>
        </identifiers>
        <balance>500000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>516362.000000000000</valUSD>
        <pctVal>0.0724533851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRVINE CALIF UNI SCH DIST</name>
        <lei>549300BNIP4XNVC0X742</lei>
        <title>IRVINE UNIFIED SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 09-1 5.0% 09-01-26</title>
        <cusip>463612HR5</cusip>
        <identifiers>
          <isin value="US463612HR51"/>
          <other otherDesc="CG Symbol" value="FXI76065"/>
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        <balance>385000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>389744.739999999991</valUSD>
        <pctVal>0.0546870717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JURUPA CALIF PUB FING AUTH REV</name>
        <lei>N/A</lei>
        <title>JURUPA PUBLIC FINANCING AUTHORITY BAM 4.0% 09-01-27</title>
        <cusip>482085EN3</cusip>
        <identifiers>
          <isin value="US482085EN31"/>
          <other otherDesc="CG Symbol" value="FXJ111541"/>
        </identifiers>
        <balance>1615000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1662535.909999999916</valUSD>
        <pctVal>0.2332788906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JURUPA CALIF UNI SCH DIST FIN AUTH</name>
        <lei>N/A</lei>
        <title>JURUPA UNIFIED SCHOOL DISTRICT FINANCING AUTHORITY BAM 4.0% 09-01-29</title>
        <cusip>482129AH6</cusip>
        <identifiers>
          <isin value="US482129AH64"/>
          <other otherDesc="CG Symbol" value="FXJ131998"/>
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        <balance>335000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>354152.960000000021</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LA HABRA CALIF CITY SCH DIST</name>
        <lei>N/A</lei>
        <title>LA HABRA CITY SCHOOL DISTRICT AG 0.0% 08-01-26</title>
        <cusip>503426PM4</cusip>
        <identifiers>
          <isin value="US503426PM48"/>
          <other otherDesc="CG Symbol" value="FXL95790"/>
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        <balance>1010000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>998118.359999999986</valUSD>
        <pctVal>0.1400510764</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LONG BEACH CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>LONG BEACH COMMUNITY COLLEGE DISTRICT AG 0.0% 06-01-27</title>
        <cusip>542411JF1</cusip>
        <identifiers>
          <isin value="US542411JF16"/>
          <other otherDesc="CG Symbol" value="FXL96292"/>
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        <balance>3865000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3746444.990000000224</valUSD>
        <pctVal>0.5256827993</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JURUPA CALIF UNI SCH DIST FIN AUTH</name>
        <lei>N/A</lei>
        <title>JURUPA UNIFIED SCHOOL DISTRICT FINANCING AUTHORITY BAM 4.0% 09-01-31</title>
        <cusip>482129AK9</cusip>
        <identifiers>
          <isin value="US482129AK93"/>
          <other otherDesc="CG Symbol" value="FXJ132004"/>
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        <balance>375000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>402931.500000000000</valUSD>
        <pctVal>0.0565373733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KERN COMMUNITY COLLEGE SCHOOL FACILITIES IMPROVEMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>KERN COMMUNITY COLLEGE SCHOOL FACILITIES IMPROVEMENT DISTRICT 5.0% 08-01-29</title>
        <cusip>49224RCT2</cusip>
        <identifiers>
          <isin value="US49224RCT23"/>
          <other otherDesc="CG Symbol" value="FXK202696"/>
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        <balance>750000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>828428.250000000000</valUSD>
        <pctVal>0.1162409918</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>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE 5.0% 07-01-33</title>
        <cusip>5444955V2</cusip>
        <identifiers>
          <isin value="US5444955V27"/>
          <other otherDesc="CG Symbol" value="FXL96351"/>
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        <balance>935000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>985400.239999999991</valUSD>
        <pctVal>0.1382665321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LOS ANGELES UNIFIED SCHOOL DISTRICT 3.0% 01-01-34</title>
        <cusip>544647BB5</cusip>
        <identifiers>
          <isin value="US544647BB51"/>
          <other otherDesc="CG Symbol" value="FXL99661"/>
        </identifiers>
        <balance>4780000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4794794.099999999627</valUSD>
        <pctVal>0.6727820083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES DEPARTMENT OF AIRPORTS LOS ANGELES INTERNATIONAL AIR</name>
        <lei>N/A</lei>
        <title>CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS 5.0% 05-15-39</title>
        <cusip>544445MW6</cusip>
        <identifiers>
          <isin value="US544445MW65"/>
          <other otherDesc="CG Symbol" value="FXL100747"/>
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        <balance>1130000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1198087.020000000019</valUSD>
        <pctVal>0.1681096987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LOS ANGELES UNIFIED SCHOOL DISTRICT 4.0% 07-01-36</title>
        <cusip>544647BS8</cusip>
        <identifiers>
          <isin value="US544647BS86"/>
          <other otherDesc="CG Symbol" value="FXL110003"/>
        </identifiers>
        <balance>3000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3138708.000000000000</valUSD>
        <pctVal>0.4404081234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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 5.0% 07-01-27</title>
        <cusip>59266TQY0</cusip>
        <identifiers>
          <isin value="US59266TQY00"/>
          <other otherDesc="CG Symbol" value="FXM100893"/>
        </identifiers>
        <balance>4260000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4452028.019999999553</valUSD>
        <pctVal>0.6246867519</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>5.000000000000</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>MADERA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MADERA UNIFIED SCHOOL DISTRICT AG 0.0% 08-01-29</title>
        <cusip>556452DB3</cusip>
        <identifiers>
          <isin value="US556452DB32"/>
          <other otherDesc="CG Symbol" value="FXM108803"/>
        </identifiers>
        <balance>585000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>534227.849999999977</valUSD>
        <pctVal>0.0749602336</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>0.000000000000</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>MENIFEE CALIF UN SCH DIST</name>
        <lei>N/A</lei>
        <title>MENIFEE UNION SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 2011-1 AREA NO 5 4.0% 09-01-28</title>
        <cusip>5868103V3</cusip>
        <identifiers>
          <isin value="US5868103V36"/>
          <other otherDesc="CG Symbol" value="FXM132515"/>
        </identifiers>
        <balance>275000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>281383.849999999977</valUSD>
        <pctVal>0.0394824027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>MERCED CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>MERCED UNION HIGH SCHOOL DISTRICT 0.0% 08-01-33</title>
        <cusip>587635EU3</cusip>
        <identifiers>
          <isin value="US587635EU33"/>
          <other otherDesc="CG Symbol" value="FXM133153"/>
        </identifiers>
        <balance>615000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>499934.729999999981</valUSD>
        <pctVal>0.0701483911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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 WATER SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER WATER SYSTEM REVENUE 5.0% 07-01-28</title>
        <cusip>544525YZ5</cusip>
        <identifiers>
          <isin value="US544525YZ53"/>
          <other otherDesc="CG Symbol" value="FXL111333"/>
        </identifiers>
        <balance>750000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>798202.500000000000</valUSD>
        <pctVal>0.1119998627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE 5.0% 06-01-32</title>
        <cusip>54466HJV9</cusip>
        <identifiers>
          <isin value="US54466HJV96"/>
          <other otherDesc="CG Symbol" value="FXL113960"/>
        </identifiers>
        <balance>1000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1124858.000000000000</valUSD>
        <pctVal>0.1578345615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 WATER SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER WATER SYSTEM REVENUE 4.0% 07-01-30</title>
        <cusip>544525ZQ4</cusip>
        <identifiers>
          <isin value="US544525ZQ46"/>
          <other otherDesc="CG Symbol" value="FXL114171"/>
        </identifiers>
        <balance>1465000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1541434.909999999916</valUSD>
        <pctVal>0.2162865918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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 WATER SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER WATER SYSTEM REVENUE 5.0% 07-01-36</title>
        <cusip>544525ZW1</cusip>
        <identifiers>
          <isin value="US544525ZW14"/>
          <other otherDesc="CG Symbol" value="FXL117781"/>
        </identifiers>
        <balance>805000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>873274.469999999972</valUSD>
        <pctVal>0.1225335936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOUNTAIN VIEW LOS ALTOS CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>MOUNTAIN VIEW LOS ALTOS UNION HIGH SCHOOL DISTRICT 4.0% 08-01-31</title>
        <cusip>624454MW1</cusip>
        <identifiers>
          <isin value="US624454MW14"/>
          <other otherDesc="CG Symbol" value="FXM138166"/>
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        <balance>2465000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2709177.970000000205</valUSD>
        <pctVal>0.3801385748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA</name>
        <lei>5493003GD0S0P56RLT45</lei>
        <title>METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA 5.0% 07-01-34</title>
        <cusip>59266TVF5</cusip>
        <identifiers>
          <isin value="US59266TVF55"/>
          <other otherDesc="CG Symbol" value="FXM139961"/>
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        <balance>500000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>588232.000000000000</valUSD>
        <pctVal>0.0825378313</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>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES DEPARTMENT OF AIRPORTS LOS ANGELES INTERNATIONAL AIR</name>
        <lei>N/A</lei>
        <title>CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS 5.0% 05-15-31</title>
        <cusip>544445TF6</cusip>
        <identifiers>
          <isin value="US544445TF69"/>
          <other otherDesc="CG Symbol" value="FXL119057"/>
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        <balance>420000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>487011.419999999984</valUSD>
        <pctVal>0.0683350556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE 5.0% 07-01-34</title>
        <cusip>54466HKN5</cusip>
        <identifiers>
          <isin value="US54466HKN51"/>
          <other otherDesc="CG Symbol" value="FXL121649"/>
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        <balance>1000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1147824.000000000000</valUSD>
        <pctVal>0.1610570381</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>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LOS ANGELES UNIFIED SCHOOL DISTRICT 4.0% 07-01-32</title>
        <cusip>544647EB2</cusip>
        <identifiers>
          <isin value="US544647EB25"/>
          <other otherDesc="CG Symbol" value="FXL122289"/>
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        <balance>1395000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1499565.020000000019</valUSD>
        <pctVal>0.2104116141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>MODESTO CALIF IRR DIST</name>
        <lei>S6U6XLZ7IOWYIG8C8H50</lei>
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        <cusip>607767CU2</cusip>
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          <isin value="US607767CU23"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MORENO VY CALIF UNI SCH DIST FING AUTH</name>
        <lei>N/A</lei>
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        <cusip>61687LCH6</cusip>
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          <isin value="US61687LCH69"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MORENO VY CALIF UNI SCH DIST FING AUTH</name>
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          <isin value="US61687LCG86"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MERCED CALIF IRR DIST</name>
        <lei>YNH41OTIRKLVV8VYX386</lei>
        <title>MERCED IRRIGATION DISTRICT AG 5.0% 10-01-28</title>
        <cusip>587616CJ0</cusip>
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          <isin value="US587616CJ09"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA</name>
        <lei>5493003GD0S0P56RLT45</lei>
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        <cusip>59266TXR7</cusip>
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          <isin value="US59266TXR75"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
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      <invstOrSec>
        <name>ANTELOPE VLY CA CCD</name>
        <lei>N/A</lei>
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          <isin value="US03667PJC77"/>
          <other otherDesc="CG Symbol" value="FXA144029"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ANAHEIM CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>ANAHEIM UNION HIGH SCHOOL DISTRICT NATL 0.0% 08-01-28</title>
        <cusip>032591NQ8</cusip>
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          <isin value="US032591NQ86"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ALHAMBRA CALIF</name>
        <lei>N/A</lei>
        <title>ALHAMBRA CA ATHERTON CA MTG 5.0% 01-01-27</title>
        <cusip>016021BB2</cusip>
        <identifiers>
          <isin value="US016021BB23"/>
          <other otherDesc="CG Symbol" value="FXA19936"/>
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        <balance>1130000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1153989.899999999907</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SANTA MONICA-MALIBU UNI SCH DIST CALIF</name>
        <lei>N/A</lei>
        <title>SANTA MONICA-MALIBU UNIFIED SCHOOL DISTRICT 3.0% 08-01-37</title>
        <cusip>802498YD1</cusip>
        <identifiers>
          <isin value="US802498YD13"/>
          <other otherDesc="CG Symbol" value="FXS183428"/>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SAN DIEGO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN DIEGO UNIFIED SCHOOL DISTRICT 5.0% 07-01-36</title>
        <cusip>797356LU4</cusip>
        <identifiers>
          <isin value="US797356LU44"/>
          <other otherDesc="CG Symbol" value="FXS186277"/>
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        <balance>750000.000000000000</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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          <couponKind>Fixed</couponKind>
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        <name>SAN DIEGO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN DIEGO UNIFIED SCHOOL DISTRICT 5.0% 07-01-38</title>
        <cusip>797356LW0</cusip>
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          <isin value="US797356LW00"/>
          <other otherDesc="CG Symbol" value="FXS186278"/>
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        <balance>750000.000000000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <invCountry>US</invCountry>

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        <name>CALIFORNIA PUB FIN AUTH</name>
        <lei>N/A</lei>
        <title>HOAG MEMORIAL HOSPITAL PRESBYTERIAN OBLIGATED GROUP 5.0% 07-15-30</title>
        <cusip>13057EEZ3</cusip>
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        <name>CALIFORNIA PUB FIN AUTH</name>
        <lei>N/A</lei>
        <title>HOAG MEMORIAL HOSPITAL PRESBYTERIAN OBLIGATED GROUP 5.0% 07-15-28</title>
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        <name>CALIFORNIA PUB FIN AUTH</name>
        <lei>N/A</lei>
        <title>HOAG MEMORIAL HOSPITAL PRESBYTERIAN OBLIGATED GROUP 5.0% 07-15-34</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA PUB FIN AUTH</name>
        <lei>N/A</lei>
        <title>HOAG MEMORIAL HOSPITAL PRESBYTERIAN OBLIGATED GROUP 5.0% 07-15-33</title>
        <cusip>13057EFC3</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.5% 12-01-52</title>
        <cusip>13063DZ43</cusip>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>DEPARTMENT OF VETERANS AFFAIRS VETERAN'S FARM &amp; HOME PURCHASE PROGRAM</name>
        <lei>N/A</lei>
        <title>DEPARTMENT OF VETERANS AFFAIRS VETERAN'S FARM &amp; HOME PURCHASE PROGRAM 5.5% 12-01-52</title>
        <cusip>130658ST5</cusip>
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          <isin value="US130658ST56"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
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        <cusip>130493CB3</cusip>
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          <isin value="US130493CB38"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 12-01-53</title>
        <cusip>13013JBL9</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 07-01-53</title>
        <cusip>13013JCB0</cusip>
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          <isin value="US13013JCB08"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 10-01-34</title>
        <cusip>13063D4A3</cusip>
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          <isin value="US13063D4A36"/>
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        <balance>2920000.000000000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA INFRASTRUCTURE &amp; ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>SEGERSTROM CENTER FOR THE ARTS 5.0% 07-01-30</title>
        <cusip>13034A2S8</cusip>
        <identifiers>
          <isin value="US13034A2S84"/>
          <other otherDesc="CG Symbol" value="FXC149568"/>
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        <balance>3855000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4286574.959999999963</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.5% 05-01-54</title>
        <cusip>13013JCS3</cusip>
        <identifiers>
          <isin value="US13013JCS33"/>
          <other otherDesc="CG Symbol" value="FXC150610"/>
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        <balance>5000000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5283305.000000000000</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>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA STATE UNIVERSITY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA STATE UNIVERSITY 5.0% 11-01-26</title>
        <cusip>13077DSC7</cusip>
        <identifiers>
          <isin value="US13077DSC73"/>
          <other otherDesc="CG Symbol" value="FXC152061"/>
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        <balance>920000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>941557.439999999944</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA STATE UNIVERSITY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA STATE UNIVERSITY (MPT) 3.125% 11-01-51</title>
        <cusip>13077DSZ6</cusip>
        <identifiers>
          <isin value="US13077DSZ68"/>
          <other otherDesc="CG Symbol" value="FXC152064"/>
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        <balance>100000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100094.000000000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>ODD FELLOWS HOME OF CALIFORNIA CA MTG INS 5.0% 04-01-26</title>
        <cusip>13080SN34</cusip>
        <identifiers>
          <isin value="US13080SN341"/>
          <other otherDesc="CG Symbol" value="FXC152378"/>
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        <balance>275000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>276192.950000000012</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>ODD FELLOWS HOME OF CALIFORNIA CA MTG INS 5.0% 04-01-27</title>
        <cusip>13080SN42</cusip>
        <identifiers>
          <isin value="US13080SN424"/>
          <other otherDesc="CG Symbol" value="FXC152379"/>
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        <balance>425000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>438944.250000000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 02-01-54</title>
        <cusip>13013JDB9</cusip>
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          <isin value="US13013JDB98"/>
          <other otherDesc="CG Symbol" value="FXC152973"/>
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        <balance>5720000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6112529.280000000261</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>2054-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY (MPT) 3.7% 08-01-40</title>
        <cusip>13055JAC9</cusip>
        <identifiers>
          <isin value="US13055JAC99"/>
          <other otherDesc="CG Symbol" value="FXC152977"/>
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        <balance>3550000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3636360.850000000093</valUSD>
        <pctVal>0.5102363323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.700000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 09-01-34</title>
        <cusip>13063D5A2</cusip>
        <identifiers>
          <isin value="US13063D5A27"/>
          <other otherDesc="CG Symbol" value="FXC154057"/>
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        <balance>7000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8290702.000000000000</valUSD>
        <pctVal>1.1633106711</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MURRIETA VY CALIF UNI SCH DIST PUB FING AUTH</name>
        <lei>N/A</lei>
        <title>MURRIETA VALLEY UNIFIED SCHOOL DISTRICT PUBLIC FINANCING AUTHORITY 5.0% 09-01-30</title>
        <cusip>62719TCB2</cusip>
        <identifiers>
          <isin value="US62719TCB26"/>
          <other otherDesc="CG Symbol" value="FXM18188"/>
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        <balance>525000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>530883.150000000023</valUSD>
        <pctVal>0.0744909217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITY OF MANTECA CA</name>
        <lei>N/A</lei>
        <title>CITY OF MANTECA CA COMMUNITY FACILITIES DISTRICT 2023-1 IMPROVEMENT AREA NO 2 5.0% 09-01-29</title>
        <cusip>56453TAQ3</cusip>
        <identifiers>
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        <name>NAPA VALLEY CALIF CMNTY COLLEGE DIST</name>
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        <name>ORANGE CNTY CALIF CMNTY FACS DIST</name>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OXNARD CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>OXNARD UNION HIGH SCHOOL DISTRICT 6.0% 02-01-30</title>
        <cusip>692039TX8</cusip>
        <identifiers>
          <isin value="US692039TX82"/>
          <other otherDesc="CG Symbol" value="FXO190133"/>
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        <balance>2100000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2435254.500000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OXNARD CALIF WASTEWTR REV</name>
        <lei>N/A</lei>
        <title>CITY OF OXNARD CA WASTEWATER REVENUE BAM 5.0% 06-01-32</title>
        <cusip>692051AY1</cusip>
        <identifiers>
          <isin value="US692051AY10"/>
          <other otherDesc="CG Symbol" value="FXO202166"/>
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        <balance>900000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1053540.899999999907</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>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>OXNARD CALIF WASTEWTR REV</name>
        <lei>N/A</lei>
        <title>CITY OF OXNARD CA WASTEWATER REVENUE BAM 5.0% 06-01-31</title>
        <cusip>692051AX3</cusip>
        <identifiers>
          <isin value="US692051AX37"/>
          <other otherDesc="CG Symbol" value="FXO202167"/>
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        <balance>1000000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1149160.000000000000</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>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OAKLAND CALIF</name>
        <lei>549300BRTTFKDQCGL048</lei>
        <title>CITY OF OAKLAND CA 5.0% 07-15-33</title>
        <cusip>672240C71</cusip>
        <identifiers>
          <isin value="US672240C713"/>
          <other otherDesc="CG Symbol" value="FXO207274"/>
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        <balance>2000000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2346814.000000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OAKLAND CALIF</name>
        <lei>549300BRTTFKDQCGL048</lei>
        <title>CITY OF OAKLAND CA 5.0% 07-15-32</title>
        <cusip>672240C63</cusip>
        <identifiers>
          <isin value="US672240C630"/>
          <other otherDesc="CG Symbol" value="FXO207275"/>
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        <balance>2500000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2893157.500000000000</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>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>PERRIS CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>PERRIS UNION HIGH SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 92-1 5.0% 09-01-28</title>
        <cusip>71440PBM4</cusip>
        <identifiers>
          <isin value="US71440PBM41"/>
          <other otherDesc="CG Symbol" value="FXP10883"/>
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        <balance>450000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>451024.650000000023</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>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 08-01-39</title>
        <cusip>13063EMW3</cusip>
        <identifiers>
          <isin value="US13063EMW39"/>
          <other otherDesc="CG Symbol" value="FXC203424"/>
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        <balance>3265000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3813405.729999999981</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 08-01-32</title>
        <cusip>13063ENR3</cusip>
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          <isin value="US13063ENR35"/>
          <other otherDesc="CG Symbol" value="FXC203428"/>
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        <balance>7215000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8454645.230000000447</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>SUTTER BMR LP (MPT) 2.75% 11-01-29</title>
        <cusip>13034DBE3</cusip>
        <identifiers>
          <isin value="US13034DBE31"/>
          <other otherDesc="CG Symbol" value="FXC203596"/>
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        <balance>2575000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2574611.180000000168</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 10-01-56</title>
        <cusip>13013JHG4</cusip>
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          <isin value="US13013JHG40"/>
          <other otherDesc="CG Symbol" value="FXC203606"/>
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        <balance>14330000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15735085.160000000149</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>2056-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>FOOTHILL FAMILY PRESERVATION LP (MPT) 2.75% 05-01-44</title>
        <cusip>13034DBF0</cusip>
        <identifiers>
          <isin value="US13034DBF06"/>
          <other otherDesc="CG Symbol" value="FXC203610"/>
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        <balance>2865000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2869188.629999999888</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY 5.0% 12-01-35</title>
        <cusip>13013JHJ8</cusip>
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          <isin value="US13013JHJ88"/>
          <other otherDesc="CG Symbol" value="FXC207099"/>
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        <balance>3985000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4434133.410000000149</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>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA INFRASTRUCTURE &amp; ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>CALIFORNIA INFRASTRUCTURE &amp; ECONOMIC DEVELOPMENT BK INFRASTRUCTURE ST REVOLVING 5.0% 10-01-33</title>
        <cusip>13034A7P9</cusip>
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          <isin value="US13034A7P90"/>
          <other otherDesc="CG Symbol" value="FXC207115"/>
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        <balance>6000000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7270170.000000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>6033 DE SOTO LP (MPT) 2.95% 01-01-56</title>
        <cusip>130483KP4</cusip>
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          <isin value="US130483KP42"/>
          <other otherDesc="CG Symbol" value="FXC207609"/>
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        <balance>4315000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4340682.879999999888</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>2056-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.950000000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 04-01-56</title>
        <cusip>13013JHK5</cusip>
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          <isin value="US13013JHK51"/>
          <other otherDesc="CG Symbol" value="FXC209136"/>
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        <balance>3465000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3772854.859999999870</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>2056-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA AG 5.25% 08-01-32</title>
        <cusip>13062TH72</cusip>
        <identifiers>
          <isin value="US13062TH729"/>
          <other otherDesc="CG Symbol" value="FXC41820"/>
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        <balance>2000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2313384.000000000000</valUSD>
        <pctVal>0.3246027047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA DEPARTMENT OF WATER RESOURCES</name>
        <lei>549300X618YEC5LGBQ98</lei>
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        <cusip>13067WCX8</cusip>
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          <isin value="US13067WCX83"/>
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        <curCd>USD</curCd>
        <valUSD>3273659.399999999907</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATE PUBLIC WORKS BOARD</name>
        <lei>N/A</lei>
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        <cusip>13068LA39</cusip>
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          <isin value="US13068LA397"/>
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        <balance>400000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>407601.200000000012</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATE UNIVERSITY</name>
        <lei>N/A</lei>
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        <cusip>13077C4A9</cusip>
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          <isin value="US13077C4A95"/>
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        <balance>2705000.000000000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 4.0% 08-01-31</title>
        <cusip>13063C6G0</cusip>
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          <isin value="US13063C6G06"/>
          <other otherDesc="CG Symbol" value="FXC73567"/>
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        <balance>500000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>503476.000000000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 08-01-30</title>
        <cusip>13063C8T0</cusip>
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          <isin value="US13063C8T09"/>
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        <balance>1335000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1390761.620000000112</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 11-01-29</title>
        <cusip>13063DBU1</cusip>
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          <isin value="US13063DBU19"/>
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        <balance>6000000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6296010.000000000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>HEBREW HOME FOR AGED DISABLED CA MTG INS 5.0% 11-01-26</title>
        <cusip>13080SPV0</cusip>
        <identifiers>
          <isin value="US13080SPV06"/>
          <other otherDesc="CG Symbol" value="FXC81128"/>
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        <balance>575000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>586482.180000000051</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>STANFORD HEALTH CARE OBLIGATED GROUP 5.0% 11-15-32</title>
        <cusip>13032UQK7</cusip>
        <identifiers>
          <isin value="US13032UQK78"/>
          <other otherDesc="CG Symbol" value="FXC82458"/>
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        <balance>4575000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4813915.650000000373</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>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 4.0% 12-01-47</title>
        <cusip>13063DEK0</cusip>
        <identifiers>
          <isin value="US13063DEK00"/>
          <other otherDesc="CG Symbol" value="FXC87361"/>
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        <balance>190000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>190889.200000000012</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>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>SUTTER HEALTH OBLIGATED GROUP 5.0% 11-15-26</title>
        <cusip>13032UQZ4</cusip>
        <identifiers>
          <isin value="US13032UQZ48"/>
          <other otherDesc="CG Symbol" value="FXC87669"/>
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        <balance>2300000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2352865.500000000000</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>2026-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>KIPP SOCAL PUBLIC SCHOOLS OBLIGATED GROUP 5.0% 07-01-26</title>
        <cusip>13059TET2</cusip>
        <identifiers>
          <isin value="US13059TET25"/>
          <other otherDesc="CG Symbol" value="FXC88688"/>
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        <balance>505000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>507989.599999999977</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>CERRITOS CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>CERRITOS COMMUNITY COLLEGE DISTRICT 0.0% 08-01-27</title>
        <cusip>156792FB4</cusip>
        <identifiers>
          <isin value="US156792FB46"/>
          <other otherDesc="CG Symbol" value="FXC91849"/>
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        <balance>830000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>801400.689999999944</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA LUTHERAN UNIVERSITY 5.0% 10-01-26</title>
        <cusip>13048VDJ4</cusip>
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          <isin value="US13048VDJ44"/>
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        <balance>900000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>911777.400000000023</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 08-01-30</title>
        <cusip>13063DHP6</cusip>
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          <isin value="US13063DHP69"/>
          <other otherDesc="CG Symbol" value="FXC93843"/>
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        <valUSD>3788484.250000000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 4.0% 12-01-48</title>
        <cusip>13063DJT6</cusip>
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        <valUSD>1094992.850000000093</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ESCONDIDO CALIF UNION HIGH SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>ESCONDIDO UNION HIGH SCHOOL DISTRICT AG 0.0% 08-01-27</title>
        <cusip>296353KS3</cusip>
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          <isin value="US296353KS37"/>
          <other otherDesc="CG Symbol" value="FXE160968"/>
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        <balance>3000000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2895774.000000000000</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>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EL CENTRO CALIF FING AUTH</name>
        <lei>N/A</lei>
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          <isin value="US28282QCJ94"/>
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        <valUSD>500616.500000000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>EL CENTRO CALIF FING AUTH</name>
        <lei>N/A</lei>
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        <cusip>28282QCH3</cusip>
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          <isin value="US28282QCH39"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EL CENTRO CALIF FING AUTH</name>
        <lei>N/A</lei>
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        <cusip>28282QCM2</cusip>
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          <isin value="US28282QCM24"/>
          <other otherDesc="CG Symbol" value="FXE9759"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FREDDIE MAC MULTIFAMILY PASS THROUGH CERTIFICATES</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC MULTIFAMILY ML CERTIFICATES 3.35% 11-25-33</title>
        <cusip>30309HAA5</cusip>
        <identifiers>
          <isin value="US30309HAA59"/>
          <other otherDesc="CG Symbol" value="FXF100097"/>
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        <balance>1797397.699999999953</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1764924.120000000112</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.350000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FONTANA CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF FONTANA CA COMMUNITY FACILITIES DISTRICT NO 86 4.0% 09-01-26</title>
        <cusip>344630VS4</cusip>
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          <isin value="US344630VS45"/>
          <other otherDesc="CG Symbol" value="FXF108155"/>
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        <balance>100000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100718.800000000003</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FONTANA CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF FONTANA CA COMMUNITY FACILITIES DISTRICT NO 86 4.0% 09-01-27</title>
        <cusip>344630VT2</cusip>
        <identifiers>
          <isin value="US344630VT28"/>
          <other otherDesc="CG Symbol" value="FXF108157"/>
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        <balance>120000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>122160.360000000001</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INGLEWOOD REDEVELOPMENT AGENCY SUCCESSOR AGENCY</name>
        <lei>N/A</lei>
        <title>INGLEWOOD REDEVELOPMENT AGENCY SUCCESSOR AGENCY BAM 5.0% 05-01-27</title>
        <cusip>34637QAK8</cusip>
        <identifiers>
          <isin value="US34637QAK85"/>
          <other otherDesc="CG Symbol" value="FXF115465"/>
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        <balance>650000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>671205.599999999977</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>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FONTANA CALIF PUB FING AUTH</name>
        <lei>N/A</lei>
        <title>FONTANA PUBLIC FACILITIES FINANCING AUTHORITY 4.0% 09-01-27</title>
        <cusip>34461HAF0</cusip>
        <identifiers>
          <isin value="US34461HAF01"/>
          <other otherDesc="CG Symbol" value="FXF126346"/>
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        <balance>625000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>633926.250000000000</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>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FONTANA CALIF PUB FING AUTH</name>
        <lei>N/A</lei>
        <title>FONTANA PUBLIC FACILITIES FINANCING AUTHORITY 4.0% 09-01-29</title>
        <cusip>34461HAH6</cusip>
        <identifiers>
          <isin value="US34461HAH66"/>
          <other otherDesc="CG Symbol" value="FXF126347"/>
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        <balance>390000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>402254.190000000002</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FONTANA CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF FONTANA CA COMMUNITY FACILITIES DISTRICT NO 109 5.0% 09-01-27</title>
        <cusip>344630L71</cusip>
        <identifiers>
          <isin value="US344630L714"/>
          <other otherDesc="CG Symbol" value="FXF183645"/>
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        <balance>615000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>635510.869999999995</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>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FONTANA CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF FONTANA CA COMMUNITY FACILITIES DISTRICT NO 109 5.0% 09-01-26</title>
        <cusip>344630L63</cusip>
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          <isin value="US344630L631"/>
          <other otherDesc="CG Symbol" value="FXF183652"/>
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        <balance>585000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>592379.189999999944</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF</name>
        <lei>N/A</lei>
        <title>FOOTHILL-EASTERN TRANSPORTATION CORRIDOR AGENCY 5.0% 01-15-27</title>
        <cusip>345105JN1</cusip>
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          <isin value="US345105JN15"/>
          <other otherDesc="CG Symbol" value="FXF183879"/>
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        <valUSD>358416.099999999977</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF</name>
        <lei>N/A</lei>
        <title>FOOTHILL-EASTERN TRANSPORTATION CORRIDOR AGENCY 5.0% 01-15-28</title>
        <cusip>345105JP6</cusip>
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          <isin value="US345105JP62"/>
          <other otherDesc="CG Symbol" value="FXF183880"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF</name>
        <lei>N/A</lei>
        <title>FOOTHILL-EASTERN TRANSPORTATION CORRIDOR AGENCY 5.0% 01-15-29</title>
        <cusip>345105JQ4</cusip>
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          <isin value="US345105JQ46"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF</name>
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        <title>FOOTHILL-EASTERN TRANSPORTATION CORRIDOR AGENCY 5.0% 01-15-30</title>
        <cusip>345105JR2</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF</name>
        <lei>N/A</lei>
        <title>FOOTHILL-EASTERN TRANSPORTATION CORRIDOR AGENCY 5.0% 01-15-31</title>
        <cusip>345105JS0</cusip>
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        <balance>470000.000000000000</balance>
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        <valUSD>522344.369999999995</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>FRESNO CALIF UNI SCH DIST</name>
        <lei>549300WL4QIP65TFU882</lei>
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        <cusip>3582325B8</cusip>
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        <name>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN DIEGO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>797355Q80</cusip>
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          <isin value="US797355Q800"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SACRAMENTO MUNICIPAL UTILITY DISTRICT</name>
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        <cusip>786005F52</cusip>
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          <isin value="US786005F526"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SAN DIEGO CALIF HSG AUTH</name>
        <lei>549300X9H1ODNOOT1Q87</lei>
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          <isin value="US79728FLH28"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SOUTHWESTERN CMNTY COLLEGE DIST CALIF</name>
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          <isin value="US845389BU85"/>
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        <balance>750000.000000000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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        <name>SAN JOSE CALIF</name>
        <lei>549300QHIHSH68W22O38</lei>
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          <isin value="US798165LF18"/>
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        <name>SAN FRANCISCO CALIF CITY &amp; CNTY REDEV AGY</name>
        <lei>5493001TPOZL3UK8DX25</lei>
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          <isin value="US79772ADD63"/>
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        <name>SEAL BEACH CALIF CMNTY FACS DIST NO 2005-1</name>
        <lei>N/A</lei>
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          <isin value="US812032BC39"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>STOCKTON CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>STOCKTON UNIFIED SCHOOL DISTRICT AG 5.0% 08-01-33</title>
        <cusip>861419C23</cusip>
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          <isin value="US861419C235"/>
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        <balance>1480000.000000000000</balance>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SACRAMENTO CALIF CITY UNI SCH DIST</name>
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          <isin value="US785870J310"/>
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        <name>SACRAMENTO CALIF CITY UNI SCH DIST</name>
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          <isin value="US785870G753"/>
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        <name>SACRAMENTO CALIF CITY UNI SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US785870K706"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SAN DIEGO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
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        <name>SAN DIEGO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
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        <name>SAN FRANCISCO COMMUNITY COLLEGE DISTRICT</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>STOCKTON CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>STOCKTON UNIFIED SCHOOL DISTRICT BAM 5.0% 08-01-34</title>
        <cusip>861419F87</cusip>
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          <isin value="US861419F873"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SAN JOSE CALIF</name>
        <lei>549300QHIHSH68W22O38</lei>
        <title>KOOSER APARTMENTS LP (MPT) 3.0% 03-01-30</title>
        <cusip>798165LK0</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>SACRAMENTO CNTY CALIF ARPT SYS REV</name>
        <lei>N/A</lei>
        <title>COUNTY OF SACRAMENTO CA AIRPORT SYSTEM REVENUE 5.0% 07-01-30</title>
        <cusip>786107ST0</cusip>
        <identifiers>
          <isin value="US786107ST03"/>
          <other otherDesc="CG Symbol" value="FXS88306"/>
        </identifiers>
        <balance>200000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>213986.000000000000</valUSD>
        <pctVal>0.0300254668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SACRAMENTO CNTY CALIF ARPT SYS REV</name>
        <lei>N/A</lei>
        <title>COUNTY OF SACRAMENTO CA AIRPORT SYSTEM REVENUE 5.0% 07-01-27</title>
        <cusip>786107SQ6</cusip>
        <identifiers>
          <isin value="US786107SQ63"/>
          <other otherDesc="CG Symbol" value="FXS88324"/>
        </identifiers>
        <balance>1015000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1054519.030000000028</valUSD>
        <pctVal>0.1479649420</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>5.000000000000</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>STOCKTON CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>STOCKTON UNIFIED SCHOOL DISTRICT BAM 5.0% 08-01-30</title>
        <cusip>861419XE4</cusip>
        <identifiers>
          <isin value="US861419XE49"/>
          <other otherDesc="CG Symbol" value="FXS95378"/>
        </identifiers>
        <balance>2145000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2305875.000000000000</valUSD>
        <pctVal>0.3235490787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 JUAN CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN JUAN UNIFIED SCHOOL DISTRICT 4.0% 08-01-31</title>
        <cusip>798306VX1</cusip>
        <identifiers>
          <isin value="US798306VX14"/>
          <other otherDesc="CG Symbol" value="FXS96544"/>
        </identifiers>
        <balance>1700000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1712491.600000000093</valUSD>
        <pctVal>0.2402884282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>TOBACCO SECURITIZATION AUTH SOUTHN CALIF</name>
        <lei>N/A</lei>
        <title>SAN DIEGO COUNTY TOBACCO ASSET SECURITIZATION CORP 5.0% 06-01-32</title>
        <cusip>888804CH2</cusip>
        <identifiers>
          <isin value="US888804CH21"/>
          <other otherDesc="CG Symbol" value="FXT105098"/>
        </identifiers>
        <balance>250000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>268049.750000000000</valUSD>
        <pctVal>0.0376114272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>TOBACCO SECURITIZATION AUTH SOUTHN CALIF</name>
        <lei>N/A</lei>
        <title>SAN DIEGO COUNTY TOBACCO ASSET SECURITIZATION CORP 5.0% 06-01-31</title>
        <cusip>888804CG4</cusip>
        <identifiers>
          <isin value="US888804CG48"/>
          <other otherDesc="CG Symbol" value="FXT105442"/>
        </identifiers>
        <balance>215000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>231491.790000000008</valUSD>
        <pctVal>0.0324817934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>TRANSBAY JOINT POWERS AUTHORITY</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>TRANSBAY JOINT POWERS AUTHORITY TRANSBAY REDEVELOPMENT PROJECT TAX INCREMENT 5.0% 10-01-27</title>
        <cusip>89356CAD8</cusip>
        <identifiers>
          <isin value="US89356CAD83"/>
          <other otherDesc="CG Symbol" value="FXT111844"/>
        </identifiers>
        <balance>600000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>618860.400000000023</valUSD>
        <pctVal>0.0868354582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>TRANSBAY JOINT POWERS AUTHORITY</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>TRANSBAY JOINT POWERS AUTHORITY TRANSBAY REDEVELOPMENT PROJECT TAX INCREMENT 5.0% 10-01-28</title>
        <cusip>89356CAE6</cusip>
        <identifiers>
          <isin value="US89356CAE66"/>
          <other otherDesc="CG Symbol" value="FXT111845"/>
        </identifiers>
        <balance>700000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>734351.800000000047</valUSD>
        <pctVal>0.1030406454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-03-30</ncom:dateSigned>
      <ncom:nameOfApplicant>CAPITAL GROUP PRIVATE CLIENT SERVICES FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Scott Lewis</ncom:signature>
      <ncom:signerName>Scott Lewis</ncom:signerName>
      <ncom:title>Compliance Specialist Senior</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
